Aspire 3-10th January 2022

Sr No Question Option1 Option2 Option3 Option4 Option 5 Answer

Sight bills can be None of the
1 Purchased Negotiated Discounted All of the above 1 A
__________ above

Exporter Gold Card

Scheme is available
2 CR-02 CR-03 CR-04 CR-05 CR-01 2 C
to larger party who
are rated

Empanelment of Committee
CAC at Central
3 TPSPs rests with in RLCC-1 RLCC-2 ZLCC headed by 3 E
Office
whose delegation CGM

At Central Office
which department is
4 taking care for RABD BPT HR MSME MCV 4 D
empanelment of
valuers in our Bank?

Credit Risk Review

Framework shall be <=Rs.25
5 >=Rs.20 crore <Rs.10 crore >Rs.10 crore >=Rs.10 crore 5 D
applicable to MSME crore
loans with exposure

Due diligence on
supplier of the
machinery to be Less than Rs. Above Rs. 5
6 Rs.5 crores 10 crores 1 crore 6 C
carried out if cost of 5 crores crores
any single machinery
is

The requirement of
Audited Financials is
required in case of Rs 10lakh and Rs 20 lakh Rs 50 lakh Rs 100 lakh and Rs 25 lakh
7 7 E
total exposure of the above and above and above above and above
party from all
Banks/FIs is

Advance Amended Amended Advance

What is the full form Technology Technology Technical Up Technical Up None of
8 8 B
of A-TUFS? Up gradation Up gradation gradation gradation Fund these
Fund scheme Fund scheme Fund scheme scheme

What is the specified

timeline for 180 days
identifying the 30 days from 60 days from 90 days from 120 days from from the
9 borrower as Non the date of the date of the date of the date of date of 9 C
Cooperative in case identification identification identification identification identificatio
of standard accounts n
by Branches/RO?
 Bank may grant
advances to
Corporates for
No Advances
subscribing to IPOs
10 5 10 20 25 should be 10 E
and such loans
given
should not exceed
the limit of Rs ____
lakh

Advance upto Rs
No loans
____ lakh may be
11 10 20 30 50 should be 11 E
granted against
given
partly paid shares.

Maximum Aggregate
Per Party delegation
for RLCC-I headed
12 25 35 30 NIL 50 12 D
by DGM for Foreign
currency loan is
Rs……. Crore

Minimum delegation
13 of exposure related RLCC-I ZLCC CAC-I CAC-II CAC-III 13 E
to HFCs is

With M-27 copies of

process notes in
respect of account 10 lac and 25 lac and above 20
14 above 25 lac Above 10 lac 14 D
with fund based above above lacs
limits …………….. Are
to be attached

Erosion in the
Which of the
net worth
following is a valid
due to
reason for accepting
accumulated
application from Inability or
losses to the
borrower enterprise Failure of its likely All of the
15 extent of 50% A&C 15 E
for resolution under business inability to above
of its net
Policy on framework pay debts
worth during
for revival and
the previous
rehabilitation of
accounting
MSMEs?
year

Whether the CPA

(credit process audit Yes, to be Yes but can
Not Not mentioned None of the
16 is applicable) to MFI done before be done after 16 A
applicable in MFI policy above
financing as per MFI disbursement disbursement
policy
 For other than
proprietorship
/partnership
accounts with
working capital limit
(in the form of fund
17 1 Crore 2 Crore 3 Crore 4 Crore 5 Crore 17 E
based and non-fund
based working
capital limit) of
Rs.______and above
are subject to stock
audit.

Online applications
through
for standup India Stand up mitra
18 Govt of India MSME portal DIC portal offline 18 D
scheme can be portal
/branch only
accessed from portal

The credit rating of

the unit/borrower to
19 get the eligibility CR1 to CR4 CR1 to CR5 CR1 to CR7 None of these all of these 19 A
under Union GST
gain scheme

Under Union MSME

Loan cannot
Suvidha scheme, CR- Next Higher
20 RLCC-I only ZLCC only CACs at CO be 20 B
5 rated accounts can Authority
sanctioned
be considered by

ASM will be
appointed in the Rs.10 Crores
accounts with the and above after
All of the
21 exposure of Rs.250 Crores Rs.150 Crores Rs.100 Crores due “Cost- 21 E
above
Rs.______ and above benefit”
as per our Bank Analysis
guidelines

All mortgaged based

retail loan accounts
other than those
falling under SMA-II None of the
22 3 4 5 6 22 C
category shall be above
subject to legal
audit every_______
year?
 In case of
proprietary/partners
hip accounts stock
Rs. 10
audit has to be Above Rs. 1 Above Rs. 2 Rs. 5 crores Rs. 3 crores and
23 crores and 23 D
conducted for crores crores and above above
above
working capital
limits of
___________

A plan A plan
A plan proposed
proposed by proposed by A plan
by the
the financial the proposed by
corporate
Creditor only Adjudicating any person
debtor only
for Authority for insolvency
What is resolution themselves for Any of the
24 insolvency creditor for resolution of 24 C
plan under IBC: insolvency above
resolution of insolvency the corporate
resolution of
the corporate resolution of debtor as a
the corporate
debtor as a the corporate going
debtor as a
going debtor as a concern.
going concern.
concern. going

Charge created by a
borrower in favour
of a secured creditor
pleadge,
on movable assets Mortgage,
Lien, Indian Assignment, Hypothecation, Indian
25 without possession is Transfer of 25 D
Contract Act SARFAESI Act SARFAESI Act Contract
known as -------------- Property Act
Act.
----- as per
provisions of ---------
---------- Act.

Delegation for
engagement of
agency for the
Branch Heads
purpose of recovery Branch
in all the Branch Headed
26 for ticket size of Headed by FGM RH 26 B
scales upto by AGM
account based on DGM
scaleIV
running ledger
balance up to
Rs.5.00 crore

Under the head

"Realisable value of
Available Security"
27 as per Scoring Chart, 10 5 0 1 8 27 A
maximum points can
be as awarded
as______?
 Which of the option Aggregate Realisable value
is not the key Legal position means of and marketable None of the
28 Age of NPA 28 A
parameters under of bank borrower/gua value of above
module approach ? rantors securities

The difference
between the fair
value of the loan
Crystallizatio Right of Discount of
29 before and after Sacrifice Relief 29 A
n Recompense interest
restructuring while
drawing a RP is
called-

Which is correct in
case of Resolution
Plan under NO change in Dose not
‘rectification’ terms & Involve any
30 Only A Only B Both A & B 30 E
_____________on conditions of loss or
the part of the loan sacrifice
existing
Bankers/Lenders.

If the account besides

being NPA is reported
as fraud, then
accountability has to
31 30 days, 60 days, 45 days, 120 days, 90 days, 31 E
be examined within
……………… days of
declaring the account
as fraud.

Documents The account

Which is not a Total dues in The proerty
should be should have The property
correct parameter to the account can be
valid and been should not be
32 be eligible for action should be Aircraft or 32 E
enforceable classified as an agricultural
under SARFAESIA more than Shipping
in the court NPA as per land
2002? Rs.1.00 lac vessel
of Law norms

While preferring
appeal with the Debt
Recovery Tribunal
(DRT) by the NPA
borrower against
33 NIL 25 30 50 75 33 A
whom SARFAESIA
action initiated, is
required to deposit
_____ % of the debt
amount payable?
 Under “Change in
ownership” as a
Resolution Plan, the
new promoter should
34 acquire at 26 25 20 15 10 34 A
least______________
% of paid up equity
capital of borrower
entity

While preferring
appeal to Debt
Recovery Appellate
Tribunal (DRAT)
against the order of
DRT, the borrower is none of the
35 75% , 50% 50% , 25% 25% , nil 80%,40% 35 B
required to deposit above
_______ % of the
amount payable
which can be
reduced by the DRAT
to _____ %?

In CD Flexi
Account(CDFFD),
36 The Maximum 46 days 91 days 1 Year 3 Year 5 Year 36 B
Period of Term
Deposit is?

What is the
minimum balance in No Minimum
37 Union Flexi Premium Rs. 500000 Rs. 1000000 Rs. 5000000 Rs. 2500000 Balance 37 D
Current Deposit Stipulation
(CDFFP)?

Utility Bills to be
obtained as deemed
38 OVD should not be 1 2 3 4 5 38 B
older than _____
months

Leave &
Which of the License
following bills Agreement
cannot be made by the Piped Gas
Post Paid Water Electricity
39 considered as House Owner Connection 39 A
mobile bill Connection bill Bill
deemed OVD for the and the Bill
limited purpose of Tenant for
Address? accommodati
on.
 Updated OVD to be
obtained within
_____ months of
opening of account
when an account
40 1 2 3 4 5 40 C
was opened by
accepting deemed
OVDs for the limited
purpose of Proof of
Address.

The term co-

Joint Hindu All the
41 parceners is used Companies Partnership Trusts 41 B
Family above
with
Central Know
Your
Customer or
CKYC is a
CKYC is a CKYC is a
depository of
centralized depository of
Definition of Central customer
depository of customer None of
42 Know Your Customer information All of these 42 A
KYC records information these
is at Reserve
of customers at individual
Bank of India
engaged in Bank level
level
various
financial
market

LEI system is
applicable for all
payment
transactions of value Rs. 50
43 Rs. 2 Crores Rs. 5 Crores Rs. 10 Crores Rs. 20 Crores 43 E
......... and above Crores
undertaken by the
entities using
RTGS/NEFT

The Legal Entity

Identifier (LEI) is a
......... characters
alphanumeric
numbering system
44 5 10 15 20 25 44 D
used to uniquely
identify parties to
financial
transactions
worldwide
 As per this RBI
scheme, Banks are
eligible for
......................... Financial Non-Financial None of
45 No Incentive High Ratings 45 A
.. for providing Incentives Incentives these
facilities for
exchange of notes
and coins

What is the Finacle

menu for branches
46 request cash van for DPWC DWBP CCPV CCVP CCVC 46 B
remittance to/from
currency chest?

As per Whistle
Chief
Blower Policy, who Only Branch Clerk and
47 Only Officers Any employee Grievance 47 D
can blow the Officer Officer both
Officer
whistle?

As per “Whistle
Blower Policy”
timelines for
investigation /
90 to 180
48 inquiry into the 10 to 15 Days 15 to 30 Days 45 to 90 Days 60 to 90 Days 48 C
Days
concerns received by
Nodal Officer shall
be completed within
...........Days.

Customer service
15th of last day of first day of last Friday of once in a
49 Meets are to be held 49 A
every month every month every month every month quarter
on.

“FATCA” means
Foreign Account Tax
all the
50 Compliance Act of UK Germany USA UN 50 C
above
the
…………………………..

What is the name of

51 Chatbot of Union UVA UCB UBICB Union Bot YUVA 51 A
Bank of India ?

At present “Card
control” facility for Union Credit
Internet
52 Union bank credit Card mobile UMobile App All of the above A and B both 52 E
banking
card is available on App
______.

Union Virtual
53 Connect (UVConn) is Facebook Instagram LinkedIn Telegram Whatsapp 53 E
available on?
 Union Bank of India
www.unionba www.unionba www.unionba www.unionb
corporate website
54 nkofindia.co. nkonline.co.i nksofindia.co www.unionbank ankoflindia. 54 A
can be access
in n .in .com com
through URL_____?

Services presently
available under Enquiry Auxiliary Account Transaction Only a, b,
55 55 E
Union Virtual Services Services Settings Services &c
Connect are

Information Security
Policy aim is not to Confidentialit None of the
56 Integrity Availability Attainability 56 D
ensure following y above.
features?

Business
What is full form of Big Continuity Business Business None of the
57 Continuity 57 D
BCP? Plan Crisis Plan Continuity Plan above.
Package

An Attack used to
monitor and
Man in the Man in the Injection None of the
58 potentially modify DoS 58 A
Middle Browser Attacks above.
communication
between two user?

Incident of phishing
e- suspicious.m
e-mail should be phishing.ciso phishingmail antiphishing.cis
mail.ciso@uni ail@unionba
59 reported to which @uniobankofi @unionbankof o@unionbankofi 59 D
onbankofindi nkofindia.co
mail id of CISO ndia.com india.com ndia.com
a.com m
Office?

Establish Establish
procedures to procedures to
Objective of E-waste Reduce ensure ensure
All of the None of the
60 Management Policy generation of environmenta environmenta 60 D
above. above.
is? e-Waste lly sound lly sound
recycling of e- disposal of e-
waste. waste

Priority Sector
Lending (PSL) Commercial
61 RRB SFB LAB All of these 61 E
guidelines are Bank
applicable to………..

Target for Foreign

banks with less than
20 branches for total
None of
62 priority sector is 18 32 40 8 62 C
these
______ per cent of
ANBC or CEOBE
whichever is higher.
 Districts are Districts are
ranked on the ranked on the
There is Districts are
basis of per basis of per
provision in ranked on the
capita credit capita credit
PSL basis of per
flow to flow to
guidelines to capita credit
Which of the priority priority
address flow to priority
following is incorrect sector to sector to
regional sector to build None of
63 with respect to build an build an Dis- 63 C
disparities in an Dis-incentive these
priority sector incentive incentive
the flow of framework for
guidelines framework framework
priority districts with
for districts for districts
sector credit comparatively
with with
at the higher flow of
comparativel comparativel
district level credit
y lower flow y lower flow
of credit of credit
Linkage of Linkage of
Linkage of
SHG to the SHG to the
What is credit SHG by
Bank by Bank by None of
64 linkage in case of extending All of these 64 B
opening an opening an these
SHG? bank finance
SB account in term deposit
to SHGs
name of SHG account in

What is maximum
period of repayment
to be allowed in 1 year 2 years 3 years 4 years 5 years
case of rescheduling (including (including (including (including (including
65 65 E
of agriculture loans moratorium moratorium moratorium moratorium of moratorium
if loss is more than of 03 months) of 1 year) of 1 year) 1 year) of 1 year)
50% due to natural
calamity?

UGC limit is
to be (a) + 10 % of (b) +20% of
Which of the
sanctioned by the limit limit towards
following statements (c) + crop
calculating towards post- repairs and
is correct with insurance, PAIS None of
66 scale of harvest/hous maintenance 66 D
respect to assesment & asset these
finance x ehold expenses of
of Union Green Card insurance
area consumption farm assets
loans?
cultivated needs only only
only

PMEGP Scheme
provides for projects
costing up to Rs. -----
---- (maximum)
10 lakh & 25 5 lakh & 10 25 lakh & 50 50 lakh & 75 30 lakh & 40
67 under business / 67 A
lakh lakh lakh lakh lakh
services sector & Rs.
--------- (maximum)
under manufacturing
sector
 NULM provides
financial assistance
to support for
Interest
establishment of 15% of 20% of 25% of 35% of Project
68 subvention 68 E
individual, group and Project cost Project cost Project cost cost
only
SHG of urban
enterprises to the
tune of

Who are the eligible

beneficiaries under
Marine Inland Goat, rabbit, All of the
69 KCC for Animal Dairy 69 E
fisheries fisheries pig rearing above
Husbandry and
Fisheries scheme?

Loans for
construction of oil
extraction/
processing units for
Agriculture Ancillary None of
70 production of bio- Farm Credit All of these 70 B
Infrastructure Activities these
fuels will be
classified under…....
as per priority sector
guidelines

In Union Home Two Value of the Value of the

Legal Reports are Loan amount Property is Loan amount Property is Rs.
71 71
required to be is Rs. 2 crore Rs. 2 crore is Rs. 5 crore 5 crore and None of
obtained if and above and above and above above these B

Under Union home

for
repair/renovation,
loan up to
72 __________ will be 72
categorized as
priority sector in
area where
population is 10 lacs
& Above 5 Lacs 7 Lacs 15 Lacs 10 Lacs 8 Lacs D
Stamp
duty,registratio
Membership n and
The cost of charges, documentation
73 residential property where charges for Cost for 73
to be financed under membership Cost for project cost installation
Union Home will not Car Parking will be permanent above 10.00 of
include? charges transferable fixtures Lacs Solarpanel D
 Two
Personal Personal personal
Which statement is Personal guarantee of guarantee of guarantees
74 correct regarding guarantee of only nominee spouse or required 74
personal guarantee No personal spouse to be for family nominee for having
in union cash guarantee obtained pension family pension sufficient
scheme required mandatorily required to be obtained means D

Maximum amount to
be considered for
75 purchase of Two- 75
Wheeler under
special education
loan for Premier
Management and Rs.1.00
Technical Institutes Rs.2.00 lakhs Rs.1.50 lakhs Rs.2.50 lakhs Rs.1.25 lakhs lakhs B

Vidya Laxmi portal

76 76
to be used for which Union Union
retail loan product? Union Home Union Miles Education Union Personal Mortgage C

In case of Old 4-
Wheeler the
professional fee
77 payable to reputed 77
Automobile
certification Agency
for valuation of the
vehicle proposed to
be purchased out of
bank’s finance will Valuation not None of the
be borne by Bank Borrower required By the seller avove B

Under Union
Mortgage Plus
Scheme, repayment
78
tenure should be
78
always ---------------
less than the
residual age of the
property 5 years 10 years 3 years 15 years 2 years A
 Who is the
competent authority
79
to make tie up with
79
reputed institutes/
organizations in
Union Personal
Scheme A (Tie-up) ZLCC RLCC CAC SLCC Branch Head A

Under which of the

following scheme
80 takeover from other 80
bank is not Union
permitted Union Home Union Miles Education Union Mortgage Union Cash E
Unlike in the
earlier FCNR
(A)- RBI
scheme,
exchange risk
is to be borne
by the banks
themselves.
Therefore, FC
funds
81 81
mobilised
This Scheme under the
facilitates Scheme are This Scheme
FCNR (B) NRIs to invest not facilitates NRIs
Which of the Scheme was their savings surrendered to invest their
following is not true introduced in Foreign to RBI and savings in
regarding the by RBI with Currency (FC) are utilised Indian Rupees
introduction of FCNR effect from denominated by the banks denominated
(B) 15.5.1993 deposits as per RBI deposits All are true D

A person resident
outside India who
has purchased
securities in
82
accordance with RBI
82
guidelines.
The sale proceeds
shall be credited to NRE account FCNR (B) NRE/ FCNR (B) None of
…………………… only NRO account account only account these B

Early delivery in
case of forward
contract is allowed
83 83
if customer agrees
to make good any
loss to
the bank on account
of difference None of the
in______rates Card Swap Special Fine above B
 For import of non-
capital goods,
Guarantees,
84 LOU/LOC can be Issue of 84
issued for a period LOU/LOC is
of_____ prohibited
1 year 2 year 3 year 4 year now E

The maximum period The date of

85 permitted by RBI for issuing From the from the date 85
buyer’s credit is to buyer’s from the date date of of receiving None of the
be reckoned from? credit of invoice shipment goods in India above C

Short duration (2-3

hrs) need based
locational training
86 program at 86
branches/
administrative Short
offices are called as duration Locational Training at
……. course Training SDOS ODOS site D

There are how many

87 days’ induction 87
training programme
for newly recruited
probationary officers
in our bank? 2 weeks 4 weeks 12 weeks 21 weeks 52 weeks E

Who is being
appointed as mentor
88 to newly recruited 88
probationary officers HR Official at Faculty at
for their probation Deputy Regional STCs/Staff Regional
period? Branch Head Branch Head Office College Head D

Name the online

portal developed
89 and maintained by 89
Training System to Doubt
address the queries Union clearing
from the field. Samadhan portal Query Point Query Corner Ask Online D

Which is the apex

body with regard to Training Training
90 broad policy matters Advisory Advisory Sub 90
pertaining to Committee Committee Principal
training? (TAC) (TASC) Staff College GM (L&D) CGM (HR) A
 Identify the Risk in the
Identify un expected Decide the Derive the total securities
Combined rating probability of loss that can collaterals to loss expected offered by
91 91
available in CRISIL default of occur in that be taken for from the the
RAM will help bank the borrower account the facility borrower borrower D

BASEL-II Accords
prescribed use of
rating assigned by
External Agencies
for calculation of
capital charge for
92 credit risk under 92
Standardised
Approach. If a
Corporate exposer
has being rated as
AAA (Triple A) by
External Credit
Rating Agency, then
the Risk Weight
assigned to the
exposure is … 0.2 0.3 0.5 0.75 1 A

Basel guidelines on
risk management in
banking system has
93 93
defined Market Risk.
In terms of these
guidelines, which
are the major risk
drivers for Market Interest Rate Equity Price Foreign Commodity All the
Risk in Bank? Risk Risk Exchange Risk Price Risk above E

BCBS came with

second set of
guidelines to extend
the Risk
Management
94 preview which are 94
commonly known as
BASEL-II guidelines,
which were based on
pillars concept.
Which of the
following is / are the Minimum Option a, b
part of pillars Capital Regulatory Market Counter cyclic and c are
concept? Requirement Supervision Discipline Buffer correct E
 Performance of the
Bonds in the
95 financial market are Total 95
analysed by using income from
Yield to Maturity the bond
(YTM). What does it Bond’s Present Value over a
mean from investor Present value Future value internal rate of Market period of
point of view? of the bond of the bond of return Return one year
Agenda C
consists of 5
Index Agenda years plan
What is the recommends EASE Reforms recommends to be
difference between improvement Agenda is the improvement implemente
96 96
EASE Reforms s & Agenda subset of s & Index d & Index
Agenda & EASE tracks EASE Reforms tracks tracks
Reforms Index? performance Index performance No difference annual C

IN MFTP Machenism,
Certificate of
Deposits will be
transfer priced on
97 the ____based on its 97
term to maturity.
Further, Bank is
providing incentive
of ……….% for
mobilising HTM
certificate of Bid curve, portfolio, None of
Deposits MLCR, 0.50% 1.00% 0.75% OFSAA, 1.25% these B

Bank had posted

highest ever
98 Jun-21 Mar-21 Mar-20 Sep-21 Dec-20 98
Quarterly Operating
Profit during which
Quarter D
We achieved IBA is
3rd rank in monitoring Union Bank
In the context of EASE Reform body for is winner in
EASE Reform Index result perfromance We achieved theme
99 99
Agenda, Which of for June of PSBs under 4th rank in EASE 3.0 was Governance
these option is quarter of FY EASE Reform latest EASE applicable for & Outcome
incorrect 2021-22 Agenda Reform Index FY 2021-22 Centric HR C

As per Global
100 Innovation Index 100
(GII) India's Ranking
in top 50 innovating
countries stands at 48 27 38 19 41 A