MCQs - Retail Asset Products

EYE – Retail Asset Products
2023-24
Enhance Your Efficiency

1. What is maximum exit age under Union Women Professional Personal Loan scheme ?
(A) Retirement age of salaried individuals
(B) 65 years for non salaried individuals
(C) Option 1 and 2 both
(D) 70 years
(E) 75 years for non salaried
2. What is applicable processing charge on Union Women Professional Personal Loan?

(A) 0.5 % of loan amount + GST
(B) NIL
(C) Flat Rs 1000 + GST
(D) Flat Rs 500 + GST
(E) 1 % of Loan amount + GST
3. What is maximum repayment period of loan under Union Women Professional Personal
Loan?
(A) 84 Months
(B) 60 Months
(C) 36 Months
(D) 60 Months only for existing customer
(E) None of these
4. Maximum Quantum of Loan that can be sanctioned under Union Women Professional
personal loan scheme
(A) 10 Lacs
(B) 20 Lacs
(C) 25 Lacs
(D) 50 Lacs
(E) No Such limit
5. What is the minimum annual income criteria for salaried & Non salaried individual to
become eligible under Union Women Professional Personal Loan Scheme ?
(A) Rs 12.00 Lacs & above
(B) Rs 10.00 Lacs & Above
(C) Rs 5.00 Lacs & Above
(D) Rs 8.00 Lacs & Above
(E) Rs 15.00 Lacs & above
6. Loan under Union Roof Top Solar Scheme for setting up of Grid connected Roof Top
Solar system up to …...............KW plant to individuals having existing independent
house and have not availed loan with any other bank/FI against the said house
(A) 5 KW
(B) 10 KW
(C) 15 KW
(D) 20 KW
(E) 25 KW
7. Minimum entry age of the applicant for sanctioning loan under Union Roof Top Solar
Scheme
(A) 18 Years
(B) 20 Years
(C) 21 Years
(D) 25 Years
(E) No such entry age
8. Maximum permissible age at the end of the repayment of the applicant (Salaried &
Non-salaried) for sanctioning loan under Union Roof Top Solar Scheme
(A) 35 Years
(B) 45 Years
(C) 50 Years
(D) 75 Years
(E) No such exit age
9. Purpose of loan under Union Roof Top Solar Scheme, which statement is/are correct?
(A) Loan is provided for installation of Grid connected RTS (Roof Top Solar) for
residential purpose only.
(B) Scheme is for setting up of Grid connected Roof Top Solar system up to 10 KW
plant to individual
(C) Scheme is for setting up of Grid connected Roof Top Solar system up to 10 KW
plant to firm/company
(D) Individuals having existing independent house and have not availed loan with any
other bank/FI against the said house.
(E) Only A,B & D are correct
10. For financing under Union Roof Top Solar Scheme,the applicant should have
minimum retail score of ….......... as per Investment Grade or Scoring Chart.
(A) 50
(B) 60
(C) 25
(D) 80
(E) No such Score
11. Inclusion of HUF as an applicant / co-applicant to the Union Roof Top Solar
Scheme, where the income of HUF is to be considered or the HUF is owner/co-owner
of the property will form deviation and to be approved by…........
(A) CAC-III
(B) CAC-II
(C) CAC-I
(D) ZLCC
(E) RLCC-I
12. For availing loan under Union Roof Top Solar Scheme by New/ Existing home loan
customer, CIC report such as CIBIL/Experian/Equifax/CRIF should be taken for the
applicant & guarantors and should form part of due diligence/appraisal,would not be
accepted if
(A) 1 Month
(B) 2 Month
(C) 3 Month
(D) 6 Month
(E) 12 Month
13. Loan under Union Roof Top Solar scheme can be given as
(A) Term loan
(B) Overdraft
(C) Cash Credit
(D) Only A & B are correct
(E) All are Correct
14. The maximum quantum of loan under Union Roof Top Solar Scheme can be
sanctioned per individual is …...... % of Project Cost (as per MNRE approved dealer) or
Rs. 10.00 lakh whichever is lower subject to repayment capacity of borrower.
(A) 0.25
(B) 0.5
(C) 0.75
(D) 0.8
(E) 0.9
15. Margin under Union Roof Top Solar Scheme is….........% of Project cost
(A) 0.05
(B) 0.1
(C) 0.15
(D) 0.2
(E) 0.25
16. Percentage of subsidy available under Roof Top Solar Scheme for installation of
Roof Top Solar up to 3 KW
(A) 0.2
(B) 0.3
(C) 0.35
(D) 0.4
(E) 0.5
17. Percentage of subsidy available by MNRE under Union Roof Top Solar Scheme for
installation of Roof Top Solar beyond 3 KW and upto 10 KW
(A) 0.2
(B) 0.3
(C) 0.35
(D) 0.4
(E) 0.5
18. For reckoning income for calculation of quantum of loan under Union Roof Top
Solar Scheme by salaried individuals, ITR/Form-16 & Salary slip is/are required for
…........ Months/years
(A) 1 Years ITR/Form-16 & no Salary slip is required
(B) 2 Years ITR/Form-16 & no Salary slip is required
(C) 3 Years ITR/Form-16 & no Salary slip is required
(D) No ITR required, only the salary slip for the immediately preceding three months
(E) ITRs/Form 16 of last 2 years and the salary slip for the immediately preceding
three months
19. For reckoning of income for calculation of quantum of loan under Union Roof Top
Solar Scheme by self-employed individuals, ITR/Form-16 is/are required for …........
years
(A) 1 Years ITR required
(B) 2 Years ITR required
(C) 3 Years ITR required
(D) No such ITR required
(E) All are incorrect
20. Percentage of sustenance under Union Roof Top Solar Scheme for Annual Gross
income > Rs. 3 lakh to Rs. 12 lakh
(A) 0.25
(B) 0.35
(C) 0.45
(D) 0.5
(E) No such criteria
21. Processing charges under Union Roof Top Solar Scheme, Which statement is/are
correct
(A) 0.50% of loan amount
(B) Maximum of Rs. 15000/- plus GST
(C) 0.75% of loan amount
(D) Maximum of Rs. 10000/- plus GST
(E) Only A & B are Correct
22. Maximum moratorium period available for repayment under Union Roof Top Solar
Scheme
(A) Maximum period of 6 month
(B) Maximum period of 12 month
(C) Time taken by Discom for installation
(D) A & C, whichever is earlier
(E) B & C, whichever is earlier
23. Maximum repayment period available for repayment of loan under Union Roof Top
Solar Scheme
(A) 20 Years
(B) 30 Years
(C) Repayment period stipulated under housing loan
(D) A & C, whichever is earlier
(E) B & C, whichever is earlier
24. Collateral security under Union Roof Top Solar Scheme is required for loan amount
(A) Above Rs 1.00 Lakh
(B) Above Rs 2.00 Lakh
(C) Above Rs 3.00 Lakh
(D) Above Rs 5.00 Lakh
(E) No Collateral required
25. Deviation approval authority for approving Quantum of loan beyond maximum
permissible limit and Concession in ROI under the scheme Union Roof Top Solar
Scheme ?
(A) CAC-III
(B) CAC-II/I
(C) ZLCC
(D) RLCC-I
(E) RLCC-II
26. What is maximum exit age under Union Professional Personal Loan scheme ?
(A) Retirement age of salaried individuals
(B) 65 years for non salaried individuals
(C) Option 1 and 2 both
(D) 70 years
(E) 75 years for non salaried
27. What is applicable processing charge on Union Professional Personal Loan?

(A) 0.5 % of loan amount + GST
(B) NIL
(C) Flat Rs 1000 + GST
(D) Flat Rs 500 + GST
(E) 1 % of Loan amount + GST
28. What is maximum repayment period of loan under Union Professional Personal
Loan?
(A) 84 Months
(B) 60 Months
(C) 36 Months
(D) 60 Months only for existing customer
(E) None of these
29. Maximum Quantum of Loan that can be sanctioned under Union professional
personal loan scheme
(A) 10 Lacs
(B) 20 Lacs
(C) 15 Lacs
(D) 25 Lacs
(E) No Such limit
30. What is the minimum annual income criteria for salaried & Non salaried individual
to become eligible under Union Professional Personal Loan Scheme ?
(A) Rs 12.00 Lacs & above
(B) Rs 10.00 Lacs & Above
(C) Rs 5.00 Lacs & Above
(D) Rs 8.00 Lacs & Above
(E) Rs 15.00 Lacs & above
31. Which statement of the following is incorrect related to Union Professional

Personal Loan Scheme?
(A) It can be finance to meet personal expenses such as marriage, purchase of
consumer durables, travel, holiday etc.
(B) Minimum entry age of the applicant should be 18 years for salaried individuals
and 25 years for non-salaried individuals.
(C) Loan will be sanctioned as a Term Loan only.
(D) The maximum quantum of loan per individual is Rs. 20.00 lakh subject to
repayment capacity.
(E) Concession of 0.25 % to be offered to USSA account holders with more than 6
months of operative period and with standing instruction for deduction of EMI
32. What concession is there for USSA Ac holder under Union Professional Personal
Loan Scheme?
(A) 0.10 % to USSA account holders with more than 6 months of operative period.
(B) 0.25 % to USSA account holders with more than 6 months of operative period.
(C) 0.50 % to USSA account holders with more than 6 months of operative period.
(D) No Such Concession
(E) 0.05 % to USSA account holders with more than 6 months of operative period.
33. Which type of borrower is not eligible in Union personal Loan Scheme for SRLGE?
(A) State government employee
(B) Central government employee
(C) PSUs employee
(D) Defence, Armed force employee
(E) Reputed Pvt. Organization confirmed staff
34. What is the maximum quantum of loan to be sanctioned under Union Personal
scheme SRLGE?
(A) 10 lakh
(B) 20 lakh
(C) 15 lakh
(D) 50 lakh
(E) No limit
35. What is the turnaround Time(TAT) for Union Personal (All Schemes) if it is to be
sanctioned by Branch?
(A) 7 days
(B) 3 days
(C) 5 days
(D) 2 days
(E) 6 days
36. What is minimum gross monthly salary required for considering the loan
application for the person of Delhi, Mumbai, Chennai and Kolkata in Union Personal
loan Scheme A & B?
(A) Rs. 15000
(B) Rs. 20000
(C) Rs. 10000
(D) Rs. 25000
(E) No minimum Salary Criteria
37. What is the maximum quantum of loan to be sanctioned under Union Personal
scheme Union Personal Scheme A?
(A) 10 lakh
(B) 20 lakh
(C) 50 lakh
(D) 5 lakh
(E) No limit
38. What is the processing charges in Union personal Loan for SRLGE?
(A) Rs. 500 + GST
(B) Rs.1000 + GST
(C) Rs. 5000+ GST
(D) Rs. 100 + GST
(E) No processing charges
39. What is the Average quarterly balance in Non salaried Union personal loan scheme?
(A) Rs. 10000
(B) Rs. 15000
(C) Rs. 25000
(D) Rs. 20000
40. Minimum gross salary required in Union personal loan scheme under tie up.(scheme
A)
(A) Rs. 15000
(B) Rs.10000
(C) Rs. 25000
(D) Rs. 20000
(E) No such limit
41. If a borrower comes first time in branch for taking a loan in Union personal loan
scheme type B. What will be maximum quantum loan we can sanction?
(A) 10 lakh
(B) 20 lakh
(C) 15 lakh
(D) 5 lakh
(E) No limit
42. In which union personal loan scheme salary mandatorly credites in our bank?
(A) Union personal loan Tie up (scheme A)
(B) Union personal loan non-tie up (scheme B)
(C) Union personal loan SRLGE
(D) In all scheme it is mandatory credit
(E) None of above
43. What is the sustenance % in a union personal loan scheme A& B if a gross annual
income of borrower is less than 3 lakh?
(A) 0.45
(B) 0.4
(C) 0.35
(D) 0.3
(E) 0.25
44. What is maximum applicable repayment period under Union Personal Scheme
SRLGE?
(A) 36 Months
(B) 48 months
(C) 60 months
(D) 84 months
(E) None of above
45. Under Which Personal loan scheme takeover is permitted

(A) Union personal tie up scheme A
(B) Union personal tie up scheme B
(C) Union personal SRLGE
(D) Takeover is not permitted in any personal loan scheme
(E) All are permitted
46. What is the Age criteria under Union Personal Scheme A?
(A) 18 to retirement age
(B) 18 to 75
(C) 18 to 60
(D) 21 to 75
47. Which one is the competent authority to make tie up with reputed institutes/
organizations in Union Personal Scheme A (Tie-up)?
(A) ZLCC
(B) RLCC
(C) SLCC
(D) CAC-II
(E) Branch manager
48. Applicant should be customer of our Bank for at least____ Months prior to
considering the loan proposal under Union Personal Loan Non Salaried Scheme
(A) 12 months
(B) 18 months
(C) 6 months
(D) 24 months
49. Which statement is correct regarding Union Personal loan scheme?

(A) T/L & OD facility is available in union personal scheme for SRLGE
(B) OD facility is available in Union Personal Scheme tie up
(C) Only T/L facility is available in union personal scheme for SRLGE
(D) All statements are correct.
(E) All statement are incorrect
50. What is the Age criteria under Union Personal Scheme for Non Salaried?
(A) 25 to 60
(B) 18 to 75
(C) 18 to 60
(D) 25 to 75
(E) 21 to 75.
51. What is minimum and maximum processing charges in Union Personal Scheme for
SRLGE?
(A) Minimum Rs 500 Maximum Rs 5000
(B) Minimum Rs 100 Maximum Rs 1000
(C) Minimum Rs 500 Maximum Rs 7500
(D) Minimum Rs 500 Maximum Rs. 10000
(E) No processing charges in this scheme
52. What is not the purpose for loan sanction in Union Personal Loan scheme A&B?
(A) Higher education
(B) Business purpose
(C) Purchasing of laptop
(D) Investment in share market
(E) None of above
53. What is the takeover penalty/ charges in Union personal Loan Scheme A & B?
(A) 1.25% of outstanding amount
(B) 2.50% of schedule outstanding
(C) 2.00% of sanctioned amount
(D) No takeover penalty
54. What is the minimum deviation charges in Union personal Loan Scheme A & B?
(A) Rs. 100 + GST
(B) Rs. 500 +GST
(C) Rs. 1000 + GST
(D) No deviation charges
(E) None of above
55. What is delegation of Branch Manager Scale I in Union personal Loan Scheme for
SRLGE?
(A) 1 lakh
(B) 2 lakh
(C) 3 lakh
(D) 4 lakh
(E) No delegation
56. What is delegation of Branch Manager Scale- III,in Union personal Loan Scheme for
SRLGE?
(A) 7 lakh
(B) 5 lakh
(C) 10 lakh
(D) 15 lakh
(E) No delegation
57. Who is the delegation authority under in Union personal Loan Scheme for SRLGE if
the borrower CIBIL is -1?
(A) RLCC-I
(B) RLCC-II
(C) Branch manager without EDD
(D) Branch Manager with EDD
(E) ZLCC
58. Where branches mapped with RLP , the proposal of personal Loan should be
process at?
(A) Branch
(B) RLP
(C) As per borrower request
(D) RO
(E) Any of the A,B,C & D
59. Which statement is not correct during the process of Union Personal Loan scheme?
(A) All the loan application needs to be processed through LAS.
(B) CPV if available to be conducted both for applicant & guarantor.
(C) The TAT of Union personal loan scheme is 2 days
(D) Aadhar is compulsory except North Eastern Region
(E) All are correct.
60. If the CIBIL score of borrower is between 600 to 699 who has the delegation
authority in Union Personal Loan scheme?
(A) Branch manager with EDD
(B) RLCC headed by Region Head
(C) RLCC headed by deputy regional head
(D) ZLCC
(E) This type of borrower is not entertain in our bank
61. Maximum Quantum of Loan that can be sanctioned under Union Ashiyana personal
loan scheme
(A) 10 Lacs
(B) 20 Lacs
(C) 15 Lacs
(D) 25 Lacs
(E) No Such limit
62. Union Ashiyana Personal Loan can be sanctiond to ?

(A) Existing customers only
(B) New and existing both type of customers
(C) For New Home Loan borrowers only
(D) For New and existing home loan borrowers
(E) All of these
63. Which type of facility can be sanctioned under UAPL?

(A) Term Loan
(B) OD Facility
(C) OD facility for existing customers only
(D) OD and Term Loan Both
(E) All are correct
64. What will be applicable ROI for salaried individual whose CIBIL score is 700 and
above?
(A) EBLR+3.00%
(B) EBLR+2.50%
(C) EBLR+2.75%
(D) EBLR+3.25%
(E) 12.00 Fixed
65. What is the delegation of Scale-I branch head under UAPL Scheme?
(A) 5.00 Lacs
(B) 2.00 Lacs
(C) 3.00 Lacs
(D) 4.00 Lacs
(E) 15.00 Lacs
66. What is the delegation of Scale-II branch head under UAPL Scheme?
(A) 5.00 Lacs
(B) 2.00 Lacs
(C) 3.00 Lacs
(D) 4.00 Lacs
(E) 15.00 Lacs
67. which of the following is correct related to eligibility criteria under UAPL scheme?
(A) For existing Home Loan applicant to avail the UAPL the home loan account should
not have been classified under SMA category during the last 1 month period.
(B) For existing Home Loan applicant to avail the UAPL the home loan account should
not have been classified under SMA category during the last 6 months period.
(C) For existing Home Loan applicant to avail the UAPL the home loan account should
(D) For existing Home Loan applicant to avail the UAPL the home loan account should
(E) None of these
68. Maximum Quantum of Loan that can be sanctioned under Union Ashiyana OD
scheme
(A) 10 Lacs
(B) 20 Lacs
(C) 15 Lacs
(D) 25 Lacs
(E) No Such limit
69. What type of security to be obtained under UAOD Scheme?

(A) No security required
(B) 50 % of additional security other than house property is required.
(C) Extension of mortgage of residential property obtained for Home Loan.
(D) 100 % of additional security other than house property is required.
(E) None of these
70. What will be applicable deviation charges under UAOD Scheme if any ?
(A) 0.10% of the loan amount (per deviation) subject to minimum of Rs. 500 (per
deviation) and maximum of Rs.5000 + applicable GST on one-time basis.
(B) No deviation charges are there
(C) 0.25% of the loan amount (per deviation) subject to minimum of Rs. 500 (per
deviation) and maximum of Rs.5000 + applicable GST on one-time basis.
(D) Flat Rs 100+GST per deviation
(E) Flat Rs 10000+GST per deviation
71. which one of the following is incorrect related to UAOD Scheme?

(A) The customer will be eligible for a Debit Card, Mobile Banking, and Internet
banking facilities similar to a usual Overdraft account
(B) Cheque Book can be issued to the borrower for withdrawal of funds and the
account can be operated as a usual overdraft account
(C) The overdraft loan facility to be reviewed every year
(D) In case the customer wants to utilize the account as a salary account, the same
can be permitted
(E) All are correct
72. Vidya Laxmi Scheme is for which retail loan product

(A) Union Home
(B) Union Miles
(C) Union Education
(D) Union Personal
(E) Union Mortgage
73. Charges/Fees of Rs____for VidyaLaxmi Portal to be borne by student

(A) Rs.100
(B) Rs.150
(C) Rs.500
(D) Rs.1000
(E) No Charges
74. In Vidya Laxmi Scheme, student can apply in how many banks for education loan
(A) 1
(B) 2
(C) 3
(D) 4
(E) 5
75. What is the missed call number for Union Dial?

(A) 9619333333
(B) 9196333333
(C) 9696333333
(D) 9191333333
(E) 9393939393
76. Maximum eligible quantum for special Education Loan Scheme for students of
Premier Management & Technical Institutes facility
(A) Rs.30.00 lakh
(B) Rs.35.00 lakh
(C) Rs.25.00 lakh
(D) Rs.40.00 lakh
(E) Rs.50.00 lakh
77. Applicable Margin for education loan under Premier Management & Technical
Institute
(A) 0.05
(B) 0.1
(C) 0.15
(D) 0.2
(E) Nil
78. If a Student availed an education loan under special education loan scheme for
Premier Management & Technical Institute, the repayment period of the loan after
course and moratorium period will be
(A) 15 years
(B) 25 years
(C) 30 years
(D) 12 years
(E) 18 years
79. Maximum moratorium period allowed for education loan under Premier
Management and Technical Institute
(A) Course period + 6 months
(B) Course period
(C) Course period + 1 year
(D) Course Period + 2 years
(E) No moratorium allowed
80. Maximum amount to be considered for purchase of Two-Wheeler under special

education loan for Premier Management and Technical Institutes.
(A) Rs.2.00 lakhs
(B) Rs.1.50 lakhs
(C) Rs.2.50 lakhs
(D) Rs.1.25 lakhs
(E) Rs.1.00 lakhs
81. Maximum eligible quantum for special Education Loan Scheme for students of Tier-
II Management & Technical Institutes.
(A) Rs.12.00 lakh
(B) Rs.20.00 lakh
(C) Rs.25.00 lakh
(D) Rs.40.00 lakh
(E) Rs.50.00 lakh
82. Maximum eligible quantum of educational loan for PGPM course under ISB scheme.
(A) Rs.43.00 lakh
(B) Rs.32.00 lakhs
(C) Rs.35.00 lakhs
(D) Rs.42.74 lakhs
(E) Rs.41.00 lakhs
83. The delegated authority to sanction the education loan under special scheme for
ISB Students
(A) Branch Head (irrespective of scale)
(B) RLP Head
(C) RLCC -I
(D) RLCC -II
(E) ZLCC
84. Maximum Quantum of loan eligible under Union Education - NRI Students for study
in India
(A) Rs.15.00 lakh
(B) Rs.25.00 lakhs
(C) Rs.20.00 lakhs
(D) Rs.30.00 lakhs
(E) Rs.40.00 lakhs
85. The minimum required margin under education loan for NRI students
(A) 0.1
(B) 0.15
(C) 0.2
(D) 0.3
(E) 0.25
86. Applicable processing charges for education loan NRI Students to study in India
(A) 0.50 % of the loan amount (Max 10000.00)
(B) 0.25 % of the loan amount
(C) 1.00 % of the loan amount
(D) NIL
(E) Rs.1000 only
87. The course duration for eligible courses under education loan - Skill development
(A) 2 months to 3 years
(B) 1 months to 1 year
(C) 6 months to 12 months
(D) 12 months to 18 months
(E) All are correct
88. Maximum quantum of loan to be sanctioned under Union education skill

development loan for the course period above 1 year
(A) Rs.1.00 lakh
(B) Rs.1.50 lakhs
(C) Rs.2.00 lakhs
(D) Rs.2.50 lakhs
(E) Rs.0.50 lakhs
89. Minimum margin required for a student to avail union education skill development
loan
(A) 0.1
(B) 0.05
(C) 0.2
(D) 0.15
(E) No Margin Required
90. Which of the following statements is/are correct about Union Education Skill
Development Loan
(A) Student should be an Indian national
(B) No margin requirement
(C) No collateral to be taken
(D) No third-party guarantee to be taken
(E) All are correct
91. The repayment period allowed for a loan amount up to Rs.50,000.00 under Union
Education Skill Development Loan
(A) Up to 2 years
(B) 2-5 years
(C) 3-7 years
(D) 1-5 years
(E) 7 years and above
92. The repayment period allowed for a loan amount above Rs. 1,00,000.00 under
Union Education Skill Development Loan
(A) Up to 2 years
(B) 2-5 years
(C) 3-7 years
(D) 1-5 years
(E) 7 years and above
93. Maximum Quantum of loan to be considered for Union Education- students with
fees reimbursement facility from respective government
(A) Rs.7.50 lakh
(B) Rs.15.00 lakh
(C) Rs.10.00 lakh
(D) Rs.5.00 lakh
(E) Rs.4.00 lakh
94. Which of the following statements is/are correct about education loan for NRI
Students to Study in India
(A) For loan up to Rs.4.00 lakh, No security required
(B) Student should hold an Indian passport
(C) 15% margin, irrespective of the loan amount
(D) Maximum eligible quantum Rs.20.00 lakh
(E) All are correct
95. Union reverse mortgage loan can be given to ____?

(A) Senior citizen
(B) Any person of Indian origin
(C) Resident Indian
(D) Senior citizen -Indian Resident
(E) None of the above
96. What are purposes for which reverse mortgage can be given?
(A) SUnion Professional Personal Loanementing the present Income
(B) For medical purposes
(C) For any speculative purposes
(D) All of the above
(E) Only A & B
97. Under Union reverse mortgage how much will be the maximum monthly pay out?
(A) Rs.50000/-
(B) Rs.75000/-
(C) Rs.25000/-
(D) Rs.100000/-
(E) No Such Limit
98. Under Union reverse mortgage maximum amount allowed as lump-sum payment
(A) Rs.25 Lacs
(B) Rs.20 Lacs
(C) Rs.15 Lacs
(D) Rs.5 Lacs
(E) No Such Limit
99. What is the Age eligibility criteria for Union Reverse Mortgage?
(A) Minimum age of borrower 55 years
(B) Minimum age of borrower 75 years
(C) Minimum age of borrower 60 years
(D) Minimum age of borrower 50 years
(E) Minimum age of borrower 65 years
100. What is the eligibility criteria (Minimum age) for Union Reverse Mortgage for living
spouse in case of Joint application?
(A) Age 55 years
(B) Age 60 years
(C) Age 65 years
(D) Age 50 years
(E) Age 50 years
Q Ans Q Ans Q Ans Q Ans Q Ans Q Ans Q Ans Q Ans Q Ans Q Ans
1 C 11 D 21 E 31 E 41 D 51 E 61 C 71 E 81 B 91 A
2 B 12 C 22 D 32 A 42 B 52 D 62 D 72 C 82 A 92 C
3 A 13 A 23 D 33 E 43 A 53 D 63 A 73 A 83 A 93 A
4 D 14 C 24 A 34 D 44 D 54 B 64 B 74 C 84 C 94 E
5 C 15 A 25 B 35 B 45 C 55 B 65 B 75 A 85 B 95 D
6 B 16 D 26 C 36 B 46 A 56 A 66 A 76 D 86 A 96 E
7 A 17 A 27 B 37 C 47 A 57 D 67 B 77 E 87 A 97 A
8 D 18 E 28 B 38 E 48 D 58 A 68 B 78 A 88 B 98 C
9 E 19 C 29 B 39 C 49 A 59 C 69 C 79 C 89 E 99 C
10 A 20 B 30 A 40 A 50 D 60 B 70 A 80 B 90 E 100 A
101. What is the Minimum & Maximum loan amount criteria under reverse mortgage
loan scheme?
(A) Min 5 Lacs & Max 50 Lacs
(B) Min 2 Lacs & Max 200 Lacs
(C) Min 1 Lacs & Max 100 Lacs
(D) Min -No Such Amount & Max 100 Lacs
(E) Min 10 Lacs & Max 100 Lacs
102. Maximum tenure of loan allowed under Union Reverse Mortgage Scheme
(A) 15 Years
(B) 25 Years
(C) 30 Years
(D) 20 Years
(E) 10 Years
103. If the borrower is between age group 60-65 yrs. what is the minimum tenure of
loan under Union Reverse Mortgage?
(A) 10 Years
(B) 20 Years
(C) 12 Years
(D) 15 Years
(E) 5 Years
104. If the borrower is Above 65 yrs. what is the minimum tenure of loan under Union
reverse mortgage
(A) 10 Years
(B) 20 Years
(C) 12 Years
(D) 15 Years
(E) 5 Years
105. If residual life of the property should be at least _______years in case of Union
reverse mortgage
(A) 10 Years
(B) 30 Years
(C) 20 Years
(D) 25 Years
(E) 5 Years
106. In case of death of borrowers, legal heir is given ________months’ time to settle
outstanding dues of the bank under Union Reverse Mortgage scheme
(A) 6 Months
(B) 9 Months
(C) 12 Months
(D) 18 Months
(E) 3 Months
107. Whether NRIs can avail loan under Union Reverse Mortgage facility?
(A) Yes
(B) He/She can avail if co-applicant is Indian resident
(C) No, only senior citizen Resident of India can avail
(D) B or C
(E) B & C
108. What will be margin for metro city under Union Reverse mortgage scheme?
(A) 0.2
(B) 0.1
(C) 0.15
(D) 0.25
(E) 0.05
109. Foreclosure for Reverse Mortgage Account is done?

(A) Due to the Perpetration of fraud or misrepresentation by the borrower (s)
(B) If the govt under statuary provisions seeks to acquire the property for public use
(C) If the govt. condemns the property (Health or safety reasons)
(D) Borrowers do not accept the revised terms on revaluation and interest reset
(E) All of the above
110. Revaluation of the borrower's property is to be done every ______years in case of

reverse mortgage
(A) 3 Years
(B) 5 Years
(C) 2 Years
(D) 7 Years
(E) 1 Year
111. Rate of Interest to be reset every ___years in reverse mortgage

(A) 3 Years
(B) 5 Years
(C) 2 Years
(D) 7 Years
(E) Every year
112. What is the brand name for MoU with tata motors passengers vehicle limited?
(A) UBI-tata motors
(B) Union Bank-TMPVL
(C) Union Bank-Tata Motors
(D) UBI-TMPVL
113. The MoU between Union Bank of India and TMPVL shall be valid upto which date?
(A) 31.03.2023
(B) 31.03.2024
(C) 01.04.2024
(D) 20.02.2025
114. What is the incentive to be paid to car dealer if business is upto Rs 1.0 Crore per
month?
(A) 0.015
(B) 0.02
(C) 0.0165
(D) 0.005
115. What is the incentive to be paid to car dealer if business is above Rs 1.0 Crore per
month?
(A) 0.0125
(B) 0.02
(C) 0.015
(D) 0.0165
116. What is the tie-up arrangement between Union Bank of India and MG Motor called?
(A) UBI-MG
(B) Union Miles-MG Motor
(C) Union Bank-MG Motor
117. The MoU between Union Bank of India and MG Motors shall be valid upto which
date?
(A) 31.12.2022
(B) 14.03.2023
(C) 14.01.2023
(D) 31.03.2024
118. Which statement is incorrect regarding eligible individuals and permitted

Applicants/Co-applicants to union Mortgage Plus scheme
(A) Existing as well as New Home Loan Borrowers
(B) In case of take-over of Home Loan, the loan can be sanctioned simultaneously
with housing loan.
(C) Staff Home Loan borrowers
(D) Loan can be considered for under construction property
(E) All are Correct
119. To become eligible individual under Union Mortgage Plus scheme, what should be
the satisfactory repayment criteria in existing loan?
(A) No EMI shall remain overdue for a period of 07 days
(B) No EMI shall remain overdue for a period of 15 days
(C) No EMI shall remain overdue for a period of 30 days
(D) No EMI shall remain overdue for a period of 45 days
(E) No EMI shall remain overdue for a period of 90 days
120. Under union Mortgage Plus scheme, All the co-applicants in the existing home loan
will have to join as co-applicant to the loan. Deletion of any of the co-applicant will
form deviation which is to be approved by …....
(A) RLCC-II
(B) RLCC-I
(C) ZLCC
(D) CAC-III
(E) BM's delegation to approve
121. Nature of facility that can be sanctioned under Union Mortgage Plus scheme
(A) Term loan
(B) Cash Credit
(C) Overdraft
(D) Both Term loan & Overdraft
(E) All A,B,C are correct
122. Which statement is correct with respect to finance overdraft facility under union
Mortgage Plus scheme
(A) The limit of account will reduce every month with fixed amount so as the total
principal is repaid in the tenure of the loan
(B) Interest will be calculated on the basis of actual uses of the limit and debited
separately
(C) All the facilities available to run accounts viz. cheque book, Debit card, account
statement, internet banking will be available in OD account
(D) Procedure of Term Loan to be followed for assessing SOD Limit
(E) All are correct
123. What percentage of eligible loan amount computed as per TL assessment to be

sanctioned as the maximum eligible limit under SOD facility under Union Mortgage
plus scheme?
(A) 0.5
(B) 0.75
(C) 0.3
(D) 0.8
(E) 1
124. Minimum quantum of loan that can be financed under union Mortgage Plus scheme
(A) 1.00 Lakh
(B) 5.00 Lakh
(C) 10.00 Lakh
(D) 35.00 Lakh
(E) No Such limit
125. Maximum quantum (Including Home Loan outstanding) of loan that can be financed
under union Mortgage Plus scheme
(A) 1.00 Lakh
(B) 5.00 crore
(C) 10.00 crore
(D) 35.00 Lakh
(E) None of these
126. Regarding Rate of Interest under Union Mortgage Plus scheme, Which statement is
incorrect?
(A) 0.75 % higher than the rate of interest on the Home Loan
(B) In case any concession is offered to the home loan borrower - 1% higher than the
home loan rate without factoring concession
(C) CIBIL Score below 700 - Additional borrower risk premium of 0.10%.
(D) Staff housing loan borrowers: 0.75% above the applicable ROI on Union Home
Loan scheme.
127. Regarding repayment tenure under Union Mortgage Plus scheme, Which statement
is correct?
(A) 30 years from the date of sanction
(B) Borrower attaining age of 75 years (subject to assessment at the time of sanction
the adequacy of income to meet repayment till the age of 75 years).
(C) 5 years prior to residual age of the building i.e. loan should be repaid 5 years
prior to the residual age of the building
(E) Lowest of the three A,B & C
128. What is the processing charges under union Mortgage Plus scheme?
(A) 0.50% of Mortgage Plus loan amount plus GST
(B) 0.75% of Mortgage Plus loan amount plus GST
(C) 1.00% of Mortgage Plus loan amount plus GST
(D) 0.90% of Mortgage Plus loan amount plus GST
129. What is the processing charges applicable under union Mortgage Plus scheme for
staff members (Existing/Retired)
(A) 0.50% of Mortgage Plus loan amount plus GST
(B) 0.75% of Mortgage Plus loan amount plus GST
(C) 1.00% of Mortgage Plus loan amount plus GST
(D) 0.90% of Mortgage Plus loan amount plus GST
130. Regarding valuation of property under Union Mortgage Plus scheme, Which
statement is correct?
(A) Value of the property to be considered as registered value if the agreement is
not more than 12 months old.
(B) Value of the property to be considered as per the valuation report taken anytime
during the past three years, excluding one year from the date of registration.
(C) In case of valuation report beyond three years, fresh valuation to be obtained
(E) All are Correct
131. Maximum moratorium period allowed under Union Mortgage Plus scheme?
(A) 3 Months
(B) 6 Months
(C) 12 Months
(D) As per request from the Borrower
132. For approval of concession in processing charges up to 75%, who is the competent
authority for approval under union Mortgage Plus scheme?
(A) CAC-III
(B) CAC-II
(C) CAC-I
(D) ZLCC
(E) RLCC-I
(A) CAC-III
(B) CAC-II
(C) CAC-I
(D) ZLCC
(E) RLCC-I
(A) CAC-III
(B) CAC-II
(C) CAC-I
(D) ZLCC
(E) RLCC-I
135. Approving authority for ITR related Deviation under union Mortgage Plus scheme
(A) CAC-III
(B) CAC-II
(C) CAC-I
(D) ZLCC
(E) RLCC-I
136. Accepting applicants/co- applicants other than permitted in the scheme forms a
deviation, Who is the competent authority to approve?
(A) CAC-III
(B) CAC-II
(C) CAC-I
(D) ZLCC
(E) RLCC-I
137. Which type of facility can be sanctioned under Union Mortgage Scheme
(A) Term Loan only
(B) Secured OD Facility only
(C) OD facility for existing customers only
(D) OD and Term Loan Both
(E) All are correct
138. Maximum Quantum of Loan that can be sanctioned under Union Mortgage scheme
to resident Indian
(A) Rs. 1 Crores
(B) Rs. 5 Crores
(C) Rs. 15 Crores
(D) Rs. 10 Crores
(E) Rs. 20 Crores
139. What is the margin under Union Mortgage Scheme?

(A) 50% of the fair market value of the property proposed to be mortgaged
(B) 25% of the fair market value of the property proposed to be mortgaged
(C) 20% of the fair market value of the property proposed to be mortgaged
(D) 15% of the fair market value of the property proposed to be mortgaged
(E) None of Above
140. What is applicable processing charge on for Union Mortgage Scheme in case of
term loan?
(A) 0.25 % of loan amount with max ceiling 50,000 plus GST
(B) 0.50 % of loan amount with max ceiling 1,00,000 plus GST
(C) 1 % of loan amount without max ceiling 1,00,000 plus GST
(D) 1 % of loan amount with max ceiling 1,00,000 plus GST
(E) None of these
to NRI.
(A) Rs. 1 Crores
(B) Rs. 5 Crores
(C) Rs. 15 Crores
(D) Rs. 10 Crores
(E) Rs. 20 Crores
to our Bank staff.
(A) 10 lakhs
(B) 5 lakhs
(C) 7 lakhs
(D) 20 lakhs
(E) 15 lakhs
143. Maximum repayment tenor under Union Mortgage term loan scheme is
(A) 30 years
(B) 12 years
(C) 15 years
(D) 20 years
(E) None of these
144. What is applicable processing charge on for Union Mortgage Scheme in case of
Secured Draft?
(A) 1.0 % of the loan amount with maximum of Rs. 1,00,000/- + Plus GST
(B) 0.50% of the loan amount with maximum of Rs. 1,00,000/- + Plus GST
(C) 0.25% of the loan amount with maximum of Rs. 1,00,000/- + Plus GST
(D) 0.25% of the loan amount with maximum of Rs. 25,000/- + Plus GST
(E) None of these
145. In case of SOD sanctioned fresh valuation of property to be obtained to assess the
quantum of eligible loan.
(A) Every year during renewal
(B) Once in two years
(C) Once in Three years
(D) Once in five years
(E) fresh Valuation not required
146. Under union mortgage scheme finance can be considered for property not older
than.
(A) 10 years
(B) 15 years
(C) 18 years
(D) 20 years
147. What is TAT for an application under Union Mortgage is received complete in all
respect, then final sanction/rejection must be conveyed
(A) Within 4 days
(B) Within 10 days
(C) Within 3 days
(D) Within 5 days
(E) Within 7 days
148. Loan repayment for Union Mortgage must end at least, how many years before the
end of the residual life of the Property as per Valuation.
(A) No Such Criteria
(B) 5 years
(C) 3 Years
(D) 7 years
(E) 10 years
149. Under Union Mortgage loan, the delegated powers for sanctioning loans by Branch
Heads in their individual Capacity is
(A) Rs. 50 lakhs for Scale IV
(B) Rs. 75 lakhs for Scale IV
(C) Rs. 25 lakhs for Scale III
(D) Rs. 10 Lakhs for Scale II
(E) No Delegation to Branch Head
150. Under Union Mortgage loan following statements are correct

(A) In case of Individual loan can't be sanctioned under scheme against property
owned by firm i.e. Proprietorship or partnership Company.
(B) Individual loan can be sanctioned under scheme against property owned by firm
i.e. Proprietorship or partnership Company
(C) Loan to firm/company to be considered under Union Liqui Scheme and not under
Union Mortgage
(D) Statement A and C are correct.
(E) Statement B and C are correct.
151. Minimum Quantum of loan that can be sanctioned Under Union Mortgage.
(A) Rs. 3 lakhs
(B) Rs. 10 lakhs
(C) Rs. 15 lakhs
(D) Rs. 5 lakhs
(E) Rs. 20 lakhs
152. In case of takeover of Mortgage loan from other financial institutions following
conditions should be fulfilled.
(A) Existing loan should be at least one year old at present bank/FIs
(B) loan should be regular and no overdues.
(C) Loan A/c should not being restructured in past.
(D) B and C Only
(E) All A, B, C are correct
153. Two valuations are required separately from two empaneled valuers, in case
where value of property is more than
(A) Rs. 2 Crores
(B) Rs. 5 Crores
(C) Rs. 3 Crores
(D) Rs. 4 Crores
(E) Rs. 10 Crores
154. Under Union Mortgage RLCC headed by Regional Head may permit for finance for
properties age more than……...
(A) 10 Years Old
(B) 15 Years Old
(C) 12 Years Old
(D) 8 Years Old
(E) 14 Years Old
155. Union Mortgage application received and completed in all aspects, borrower must
be conveyed sanction/rejection within how many working days?
(A) 15 days
(B) 12 days
(C) 7 days
(D) 10 days
(E) 5 days
156. Loan to NRI can be sanctioned under scheme provided applicant satisfy following
conditions:
(A) Loan can be given for their personal needs only such as marriage, medical
emergency etc.
(B) NRI should own and possess property to be mortgaged.
(C) NRI to provide local guarantor acceptable to bank
(D) Loan proceeds should not be utilized for purchase of real estate or any usage
abroad.
(E) All of Above
157. Legal opinion from two individual empanelled advocates to be obtained where
security offered is valued
(A) Above Rs 0.50 Crores
(B) Above Rs. 1 Crores
(C) Above Rs 2 Crores
(D) Above Rs 3 Crores
(E) Above Rs 5 Crores
158. What is applicable processing charges for Staff on for Union Mortgage Scheme in
case of term loan?
(A) Nil for Staff
(B) 0.10% of loan Amount
(C) 0.25% of loan Amount
(D) 0.50% of loan Amount
(E) 1 % of loan Amount
159. Bank can accept following properties, as security under Union Mortgage Loan
(A) Open Plot
(B) Educational Institute
(C) Residential House
(D) land with Clear Demarcation
(E) Agricultural Land
160. Under Union Mortgage additional family members are also permitted to join Co-
applicant subject to be property in joint name in case of married female applicant:
(A) only Brother in law
(B) Grand children from son only
(C) Brother
(D) Both in A and B can be permitted
(E) All A, B,C are permitted
161. Whether Union Mortgage loan can be availed against leasehold industrial Plots.
Choose appropriate option
(A) loan can be granted against industrial plots provided it is properly demarcated.
(B) Loan can be considered against such plots if allotted by MIDC, GIDC & other state
owned IDC
(C) Loan can be considered against such plots if allotted by MIDC, GIDC & Other
state-owned IDC only if there is written permission from concern lessor.
(D) Choice B and C are correct
(E) No loan can be granted against plots
162. Maximum Moratorium period that is allowed in Union Mortgage term loan
(A) 3 months
(B) 6 months
(C) No Moratorium period
(D) 12 months
(E) 24 months
163. Validity of CSI(Credit Sanction Intimation ) is up to how many months from date of
issue
(A) 3 months
(B) 6 months
(C) 9 months
(D) 12 months
(E) 18 months
164. The property value at the time of Acquisition the value mentioned by valuer
should also mention
(A) Registered value of property
(B) Market Value of Property
(C) Distress sales value of Property
(D) Both Registered Value and Distress Value
165. Integrated housing projects comprising of some commercial space can also be
classified as CRE –RH provided the commercial area in the residential housing project
exceed ______ of the total FSI.
(A) 0.05
(B) 0.1
(C) 0.15
(D) 0.2
(E) 0.25
166. The commercial real estate residential housing will attract standard asset
provisioning of
(A) 0.0025
(B) 0.005
(C) 0.0075
(D) 0.01
167. Takeover norms are not applicable to Retail lending schemes except ___________
Schemes.
(A) Union mortgage
(B) Union mile
(C) Union Home
(D) Union Personal
(E) None of the Above
168. What is minimum entry age under Union Mortgage Scheme?

(A) 18 years
(B) 21 years
(C) 25 years
(D) 21 years for existing customer only
169. Who is empowered to approve empanelment of corporate selling associates of

Union Miles ?
(A) Zonal Head
(B) Retail Asset GM/CGM
(C) Regional Head
(D) FGM
(E) Central Office
170. The empanelment of CSA will be for a period of ..................

(A) 4 year with a clause to extend another year based on performance
(B) 2 years with a clause to extend another year based on performance
(C) 3 years with a clause to extend another year based on performance
(D) 1 year with a clause to extend another year based on performance
(E) 5 years with a clause to extend another year based on performance
171. The maximum cap on payment of incentive to CSA is ..................

(A) 10 lakhs
(B) 20 lakhs
(C) No such Restrictions
(D) 25 lakhs
(E) 50 lakhs
172. Out of total business mobilized by the CSA under union mile, the total business of
existing customers should not exceed .................. Of total business mobilised
(A) 10 %
(B) 30 %
(C) 20 %
(D) 25 %
(E) 15 %
173. Any complaints received by the CSA should be redressed within ..................
(A) 4 days of Receipt
(B) 5 days of Receipt
(C) 7 days of Receipt
(D) 3 days of Receipt
(E) No such obligation
174. The monthly incentive to be paid to CSA for disbursement above Rs. 10.00 cr &
upto Rs. 25.00 cr is ..................
(A) 1.65%
(B) 2.00%
(C) 2.50%
(D) 3.00%
(E) 1 %
175. Time norms for calling the prospects by the TEAM of CSA is:
(A) 7 AM to 6 PM
(B) 9:30 AM to 7 PM
(C) 9:30 AM to 6 PM
(D) Any time
(E) No time stipulated
176. What is the minimum net worth required for a firm to be eligible for becoming
CSA?
(A) Rs 100 Cr
(B) Rs 500 Cr
(C) Rs 300 Cr
(D) Rs 200 Cr
177. Which are not eligible for CSA business mobilization?

(A) Commercial Vehicle
(B) Old 4 wheeler
(C) 2 wheeler
178. Who recommends empanelment of CSA?

(A) FGMO
(B) RO
(C) RLP
(D) Branch Manger
179. Who is empowered to approve car dealership tie up which has presence over a
particular region?
(A) Zonal Head
(B) CRBD head
(C) Regional Head
(D) RLP head
180. Who is empowered to approve car dealership tie up which has presence over a
particular zone/state?
(A) CRBD head
(B) Regional Head
(C) RLP head
(D) Zonal Head
181. Who is empowered to approve car dealership tie up which has presence across
zones?
(A) Regional Head
(B) Retail Asset GM/CGM
(C) Zonal Head
(D) RLP Head
182. What is the %age payout to dealer and SE if business generated is upto Rs 1 Cr per
month?
(A) 0.01
(B) 0.02
(C) 0.0165
(D) 0.015
183. What is the %age payout to dealer and SE if business generated is above Rs 1 Cr per
month?
(A) 0.02
(B) 0.015
(C) 0.0165
(D) 0.01
184. Under Union Miles father and son are joint applicants to a loan, where only the
son’s income is being considered to arrive at the repayment capacity/ eligible loan
amount. Whose maximum age and tenure norms are to be considered?
(A) Father
(B) Son
(C) Higher of Both
(D) Lower of the Both
(E) 60 Years
185. Repayment tenure for loan to purchase of old 4-wheeler should be restricted to
the Residual life of the vehicle subject to a maximum of ...........................
(A) 4 years
(B) 3 years
(C) 5 years
(D) 2 years
(E) 6 years
186. Maximum applicants (Main applicant + co-applicants) in Union Miles can be
....................
(A) 3
(B) 4
(C) 6
(D) 2
(E) 5
187. Maximum limit for old Four-Wheeler loan under Union Miles is ......................
(A) 50 lakhs
(B) 1 Crores
(C) 20 lakhs
(D) No upper limit
(E) None of Above
188. The maximum limit for accepting direct payment to auto dealer as margin in cash
shall be restricted to .....................
(A) 10 % of cost of vehicle
(B) 10% of the cost of vehicle or Rs.50,000/- whichever is less
(C) 10% of the cost of vehicle or Rs.1,00,000/- whichever is less
(D) 10% of the cost of vehicle or Rs.50,000/- whichever is higher
(E) None of Above
189. Processing charges for 4-wheeler loan under Union Miles is ....................
(B) Flat Rs.500/- plus GST
(C) Flat Rs.1000/- plus GST
(D) Flat Rs.1500/- plus GST
190. For an application of Union Miles which is received complete in all respect, the
final decision (sanction/ rejection) must be within ……... days to maintain turn-
around-time (TAT).
(A) 2 working days
(B) 3 working days
(C) 4 working days
(D) 5 working days
(E) 6 working days
191. Total payout to be shared between Car Dealers and Sales Executives with Business
Up to Rs. 1.00 crores per month is ........................
(A) 1%
(B) 1.75 %
(C) 1.65 %
(D) 1.5 %
(E) 2.0%
192. Delegated authority for sanction of Union Miles for applicant having CIBIL score of
600 to 699 is ......................
(A) Branch Head
(B) Dy. Regional Head
(C) RLCC headed by Regional Head
(D) ZLCC headed by FGM
(E) Branch with enhanced Due Diligence
193. Under union miles Depreciation may be added back for calculation of eligible loan
amount based on ..................
(A) Average of last 2 years Audited Balance sheet or current year depreciation
whichever is lower
(B) Average of last 3 years Audited Balance sheet or current year depreciation
whichever is lower
(C) Average of last 3 years Audited Balance sheet or current year depreciation
whichever is higher
(D) Average of last 2 years Audited Balance sheet or current year depreciation
whichever is higher
194. In case of Old 4-Wheeler the professional fee payable to reputed Automobile
certification Agency for valuation of the vehicle proposed to be purchased out of
bank’s finance will be borne by ..................
(A) Bank
(B) Borrower
(C) Valuation not required
(D) By the Seller
(E) None of Above
195. In case of Individuals taking Union Miles, Guarantee required is of ..................

(A) Spouse
(B) 3rd Party
(C) No guarantee required if credit score is more than 700
(D) 3rd party guarantee required if credit score is less than 700
(E) Either Option C OR D
196. If a Private limited company is availing loan under union miles what will be
guarantee requirement?
(A) Guarantee of one of the Director or promoters
(B) Guarantee of One of all Promoters
(C) Guarantee of all the Directors
(D) one of the promoters must join as co-applicant
(E) No Gurantee Required
197. In case of takeover of union miles, maximum tenure of the loan should not exceed
_________ (Including the period of loan already run in the transferee Bank/FI).
(A) 84 Months
(B) 60 Months
(C) 36 Months
(D) 48 Months
(E) 72 Months
198. ZLCC is permitted to consider deviation in margin for old 4-wheeler upto
..................
(A) 20%
(B) 30%
(C) 25%
(D) 35%
(E) No deviation is permitted
199. Who is empowered to give concession in rate of interest in case of Union Miles?
(A) Upto 0.20% for existing home loan borrower/ CC, SOD borrower with rating CR4
and above can be approved by ZLCC
(B) Upto 0.10% for existing home loan borrower/ CC, SOD borrower with rating CR4
and above can be approved by RLCC
(C) Upto 0.20% for existing home loan borrower/ CC, SOD borrower with rating CR4
and above can be approved by RLCC
(D) Upto 0.10% for existing home loan borrower/ CC, SOD borrower with rating CR4
and above can be approved by ZLCC
(E) None of these
200. Under Union Mile any deviation in margin in case of new vehicle and below 30%
margin in case of old vehicle to be referred to ..................
(A) ZLCC
(B) RLCC
(C) Central Office
(D) No Deviation Allowed
(E) Branch with enhanced Due Diligence
101 C 111 B 121 D 131 E 141 C 151 D 161 E 171 C 181 B 191 C
102 D 112 C 122 E 132 B 142 D 152 E 162 C 172 B 182 C 192 C
103 D 113 D 123 B 133 C 143 C 153 B 163 B 173 A 183 A 193 B
104 A 114 C 124 A 134 D 144 C 154 B 164 C 174 B 184 B 194 B
105 C 115 B 125 E 135 E 145 C 155 C 165 B 175 B 185 C 195 E
106 A 116 C 126 B 136 D 146 B 156 E 166 C 176 D 186 A 196 A
107 C 117 B 127 E 137 D 147 E 157 C 167 A 177 D 187 C 197 A
108 B 118 D 128 A 138 C 148 B 158 C 168 A 178 B 188 B 198 B
109 E 119 C 129 E 139 A 149 E 159 C 169 B 179 C 189 C 199 B
110 B 120 C 130 E 140 D 150 D 160 D 170 D 180 D 190 A 200 C
201. Takeover of four-wheeler loan from other Bank/FI is permitted only for existing
Retail/Corporate borrowers with following criteria to be fulfilled.
(A) Borrowers having more than 1 year of satisfactory relationship with our Bank
(B) Loan proposed to be taken over should not be older than 2 years.
(C) Minimum investment grade score of 60 for Retail/Corporate borrowers for take-
over of loan
(D) Minimum take-over amount should be equal to or more than Rs.10.00 lakh at the
time of sanction in our Bank
202. Maximum limit for New 2-Wheeler loan under Union Miles is ..................
(A) 10 lakhs
(B) 15 lakhs
(C) 20 lakhs
(D) 30 lakhs
(E) No upper limit
203. Margin required under Union Miles scheme to existing Home and mortgage loan
borrowers of our bank is ..................
(A) Nil
(B) 10 %
(C) 20 %
(D) 15 %
(E) 0.05
204. Processing charges for the staff of our bank for 2/4 wheeler loan ..................
(A) Flat Rs.500/- plus GST
(D) Nil
205. Delegated authority for sanction of Union Miles for applicant having score of -
1/1 to 5 is:
(A) Next Higher Authority
(B) RLCC-II
(C) RLCC Headed by RH
(D) ZLCC
(E) Branch with enhanced due diligence
206. What will be the sustenance percentage for borrower having CIC (CIBIL) score 650
and income of Rs.6 lakhs, under union Mile
(A) 45%
(B) 35%
(C) 40%
(D) 30%
(E) 20%
207. Maximum limit for New Four-Wheeler loan under Union Miles is:
(A) Rs. 50 lakh
(B) Rs. 1 Crore
(C) Rs. 75 lakh
(D) Rs. 25 lakh
(E) None of these
208. Margin required under Union Miles scheme for purchase of 4 wheeler is
..................
(A) 5 %
(B) 10 %
(C) 15 %
(D) 20%
(E) None of these
209. Margin required under Union Miles scheme for purchase of new 2-wheeler for
salaried individual, not maintaining salary account with us is:
(A) 5 %
(B) 10 %
(C) 15 %
(D) 20%
(E) 25 %
210. Processing charges for 2-wheeler loan under Union Miles is:
(D) Flat Rs.1500/- plus GST
211. For checking hypothecation of the vehicle, SMS has to be sent on:
(A) 7779990000
(B) 9997770000
(C) 7738299899
(D) 7778899899
(E) No such facility
212. ZLCC is permitted to consider deviation in margin for old 4-wheeler up to:
(A) 20%
(B) 30%
(C) 25%
(D) 35%
(E) No deviation permitted
213. Regarding personal guarantee in Union Miles which of the following is correct?
(A) In case of company guarantee of 1 director is required
(B) In case of partnership firm all partners guarantee is required
(C) In case of NRI guarantee of 1-2 residents is required
(D) If CIBIL score is 700 and above no need of personal guarantee
(E) All are correct
214. Agreement with DSA will be valid for a period of _______ years
(A) 2
(B) 4
(C) 6
(D) 3
(E) 1
215. Ex-Staff of a Public Sector Bank, who has served for a minimum period of ____
years can be appointed as DSA for sourcing Home Loan business?
(A) 10
(B) 15
(C) 20
(D) 25
(E) 30
216. Which of the following statement is Incorrect in context of eligibility criteria of

DSA?
(A) Reputed Builders with at least 3 years’ experience & have successfully completed
at least one residential project
(B) Any Individual engaged in sphere of financial services with CIBIL Score of Min 700
(C) Ex-Staff of public sector bank with Min service of 20 yrs. without any disciplinary
proceedings /ruling against them
(D) Sales executive of reputed builders with at least 3 years’ experience
(E) All are correct
217. What is the maximum incentive amount per loan for DSA?
(A) 2 Lakhs
(B) 1 Lakhs
(C) 12 Lakhs
(D) 0.12 Lakhs
(E) 2.20 Lakhs
218. Who is empowered to approve the DSA empanelment?

(A) RLP
(B) RLCC Headed by RH
(C) ZLCC
(D) Scale III Branch head for center where locally there is no RLP
(E) RLCC-II
219. What is the additional payout criteria for takeover cases referred by DSA?
(A) Additional 0.10 % of loan amount subject to maximum cap
(B) Additional 0.15 % of loan amount subject to maximum cap
(C) Additional 0.25 % of loan amount subject to maximum cap
(D) Additional 0.20 % of loan amount subject to maximum cap
(E) No such additional payout permitted
220. The payout percentage for the month if sourced home loan from DSA business slab
of more than Rs.10.00 Cr
(A) 0.8
(B) 0.75
(C) 0.9
(D) 0.0165
(E) 0.02
221. Who cannot become a DSA?

(A) Reputed Builders with at least 3 years’ experience & have successfully completed
at least one residential project
(B) Any Individual/Firm \engaged in sphere of financial services
(C) Ex Staff of public sector bank with Min service of 20 yrs. without any disciplinary
proceedings /ruling against them
(D) Relative of staff who is currently working
(E) All above are eligible
222. If the Proposal mobilized by DSA is sanctioned and it is duly accepted by customer
but does not materialize into disbursement. In this situation will DSA be eligible for
any incentive/payout?
(A) Not Eligible for any incentive payment
(B) A lump Sum amount of Rs.1000 will be paid
(C) Eligible for the Payout amount equal to processing fees charged by bank
(D) A lump Sum amount of Rs.2000 will be paid
(E) A lump Sum amount of Rs.5000 will be paid
223. Who will review the performance of DSA Annually?

(A) RLP head
(B) RBD Dept CO
(C) Regional Office
(D) CAG Head at RO
(E) No need to Review
224. Who will execute the agreement with DSA?

(A) Scale III Branch head for center where locally there is no RLP
(B) Any officer not below the rank of Chief Manager at RLP/RO
(C) Marketing Officer
(D) CAG Head
(E) Credit Officer of RLP
225. Which of the following is not a purpose under Union Home

(A) Repair/renovation of an existing residential unit
(B) Installation of solar power panel (which add values to the property) in the
residential unit which proposed to be financed
(C) Purchase of agriculture land and construction of residential unit
(D) Completion/Extension of an existing residential unit
(E) None of these
226. Which of the following is correct?

(A) OCI/ PIOs are not eligible for Union Home
(B) All the proposed co-owner need not necessarily join as co-applicant
(C) Home loan can also be given only for installation of solar power panel
(D) Home Loan for construction of farm house on agriculture land can also be given
(E) None of these
227. Union Union Home which of the following family member cannot be added as co-
applicant?
(A) Daughter in law
(B) Unmarried sister
(C) Married Daughter
(D) Brother in law
(E) Sister in law
228. A property is jointly owned by Mr. Deepak aged 25 years and his grand parent Mr.
Jayaprakash aged 80 years, Mr Deepak is salaried and having regular income, whereas
Jayaprakash is not having any income, which of the following is correct in this
context?
(A) Since one of the applicant is having aged above 75 years, Home loan cannot be
given
(B) As per policy Grand Parents cannot be added as joint applicant although the
property is in joint name
(C) Since income of only Mr Deepak is considered, home loan can be sanctioned even
if the joint applicant age is above 75 years
(D) Since property is in joint name it is necessary to consider the age of all the
applicant to sanction home loan.
(E) None of these is correct
229. If a person applied for purchase of flat having project cost of Rs.32.00 Lakhs, what
will be the minimum margin required?
(A) 0.1
(B) 0.15
(C) 0.2
(D) 0.25
(E) Nil Margin
230. A person has applied for home loan for purchase of land from Private entity and
construction of house, the area of plot is 7000 sqft, what will be the minimum area
occupied by the constructed residential structure?
(A) 2100 sqft
(B) 2450 Sqft
(C) 1500 Sqft
(D) 1750 Sqft
(E) No Minimum ceiling
231. Under Union Home which of the following is not correct?

(A) Sustenance percentage is calculated based on Net Annual Income of Applicant
(B) In case of applicants staying together, combined sustenance may be taken if the
repayment tenor is within the permissible age
(C) If the variation in year-on-year income is more than 25% then average of income
as per ITR of immediately preceding three years to be considered for arriving at
eligible loan amount/repayment capacity
(D) Depreciated amount to be calculated based on average of last three year audited
Balance sheet or current year’s depreciation whichever is lower
(E) All of these are correct
232. A residential unit which is developed under group housing and sale of property is
being done through power of attorney/development agreement, which of the
following is correct in this context?
(A) Sale of property through power of attorney cannot be considered
(B) Sale of property through power of attorney can be considered with deviation
which will be approved by RLCC
(C) Sale of property through power of attorney can be considered with deviation
which will be approved by ZLCC
(D) It need not be considered as a deviation and can be sanctioned by respective
delegated authority
(E) None of these
233. An applicant applied for home loan where age of property is 30 years and HUF to
be added as co-applicant, which of the following is/are correct?
(A) HUF cannot be added as co applicant, hence loan cannot be sanctioned
(B) Since age of property is below 30 years, It will form deviation and to be
sanctioned by RLCC
(C) As HUF is co applicant all major coparceners have to stand as guarantors to the
loan in their individual capacity which may be sanctioned by ZLCC(Under
deviation)
(D) b & c both are correct
(E) only a &c are correct
234. A NRI along with his brother resident in India has applied for home loan which of
the following is/are correct?
(A) Guarantee of one or two local resident required in case of NRI
(B) Since his brother is co-applicant resident in India, Third party guarantee need not
be obtained
(C) No guarantee required in Home loan irrespective of status
(D) b & c both are correct
(E) only a & b are correct
235. Mr. A own a residential property in his name singly and his spouse B also own one
property in her name, now both have jointly applied for Home loan, which of the
following is correct?
(A) Since they both are having residential properties in their name, this loan to be
classified as CRE-RH
(B) Rate of interest applied on the said loan shall be 1% higher than normal home
loan
(C) The classification is done based on ownership, hence it is to be treated as normal
home loan
(D) The delegated authority to sanctioned this loan is vested with ZLCC
(E) a, b and d are correct
236. What is the Maximum Loan amount for repair & renovation in Union Home?
(A) 10 Lacs
(B) 20 Lacs
(C) 30 Lacs
(D) 50 Lacs
(E) No Upper Limit
237. What is the Maximum Moratorium period for repair & renovation in Union Home?
(A) 12 Months
(B) 24 Months
(C) 36 Months
(D) 48 Months
(E) No Moratorium Allowed
238. In Union Home Two Legal Reports are required to be obtained if

(A) Loan amount is Rs. 2 crore and above
(B) Value of the Property is Rs. 2 crore and above
(C) Loan amount is Rs. 5 crore and above
(D) Value of the Property is Rs. 5 crore and above
(E) Both Loan amount & Property Value is Rs. 2 crore and above
239. Maximum moratorium period allowed for Composite loan in Union Home
(A) 12 Months
(B) 24 Months
(C) 36 Months
(D) 48 Months
(E) No Moratorium Allowed
240. Under Union Home If plot Size/area is more than 5000 Sqft, minimum construction
area should be
(A) 25% of the total area.
(B) 35% of the total area.
(C) 30% of the total area.
(D) 20% of the total area.
(E) 1500 Sq Feet
241. Under Union home for repair/renovation, loan up to __________ will be

categorized as priority sector in area where population is 10 lacs & Above
(A) 6 Lacs
(B) 7 Lacs
(C) 15 Lacs
(D) 10 Lacs
(E) 8 Lacs
242. Under Union Home, Minimum margin required for purchase of plot from Private
/Govt Entities upto Rs. 2 crores in composite project is ________ %.
(A) 25
(B) 20
(C) 35
(D) 10
(E) 15
243. Under Union Home, Minimum margin required for purchase of plot from
Private/Govt entities above Rs. 2 crores in composite project is ________ %.
(A) 25
(B) 20
(C) 35
(D) 10
(E) 15
244. Under Union Home, Minimum margin required for purchase/Construction of a

residential unit (House /Flat/Bunglow) if loan amount is up to Rs.30 Lakh .
(A) 25
(B) 20
(C) 35
(D) 10
(E) 15
245. Under Union Home, Minimum margin required for purchase/Construction of a

residential unit (House /Flat/Bunglow) if loan amount is Above Rs.30 Lakh .
(A) 25
(B) 20
(C) 35
(D) 10
(E) 15
246. Under Union Home, Who is the competent authority for giving permission to create
Simple Mortgage where original title deed is not available?
(A) RLCC-I
(B) SLCCRLCC-II
(C) ZLCC
(D) CAC-III
(E) CAC-II
247. Finacle generates an alert when statement is generated for home loan limit of
Rs……?
(A) Above 1 Crore
(B) Above 75 Lacs
(C) Above 30 Lacs
(D) Above 50 Lacs
(E) No Such alert generated
248. What is the weightage of Basic Customer Information, Loan Details & Repayment
Capability respectively in scoring in home loan?
(A) 20,20,60
(B) 20,30,50
(C) 40,20,40
(D) 50,30,20
(E) 40,40,20
249. If branch is loacted at a distance of 15 KM from RLP, who will conduct the due
dilignce of property for home loan amount upto Rs.50.00 Lakhs if, lead generated by
Branch?
(A) Branch Head of Lead generating Br.
(B) RLP Head
(C) Branch of branch near to property
(D) Either Branch of lead generating or RLP Head
(E) None of these
250. Under Union Home, All under construction projects where bank will be financing
more than ______ units should necessarily be approved/tied-up as per bank's process
(A) 3
(B) 6
(C) 7
(D) 4
(E) 5
251. What is the minimum and maximum age (In Years) for housing loan?
(A) 21 to 65
(B) 18 to 70
(C) 21 to 70
(D) 21 to 60
(E) 18 to 75
252. Which of the following members are not permitted as co applicant in Union Home
Scheme?
(A) Father-in-Law
(B) Mother-in-Law
(C) Son-in-Law
(D) Brother-in-Law
(E) Sister-in-Law
253. Which of the following is not valid purposes for Union Home Loan?
(A) Purchase of Old residential unit
(B) Construction of a residential unit
(C) Repair/renovate of an existing residential unit
(D) Completion of under construction residential unit
(E) For purchase of Residential land/Plot only
254. The cost of residential property to be financed under Union Home will not include?
(A) Car Parking charges
(B) Membership charges, where membership will be transferable
(C) Cost for permanent fixtures
(D) Stamp duty,registration and documentation charges above 10.00 Lacs
(E) Solar project to be affixed
255. How much is the minimum score required for applicants/co-applicants for Home
Loan as per the scoring chart?
(A) 50
(B) 40
(C) 60
(D) 30
(E) No Such Requirement
256. How much is the upper limit on the quantum of loan amount in Housing loan for
purchase /construction purpose?
(A) 100 Lacs
(B) 500 Lacs
(C) 30 Lacs
(D) No Upper Limit
(E) 50 lacs
257. What is the required margin for purchase/construction of a residential unit for
loan of Rs.75.00 Lakhs?
(A) 0.1
(B) 0.2
(C) 0.25
(D) 0.35
(E) 0.4
258. What would be CERSAI Charges in Home Loan upto Rs.5.00 lakhs?
(A) 250 plus GST
(B) 300 plus GST
(C) 500 plus GST
(D) 100 plus GST
(E) NIL
259. What would be CERSAI Charges in Home Loan above Rs.5.00 lakhs?
(A) 250 plus GST
(B) 300 plus GST
(C) 500 plus GST
(D) 100 plus GST
(E) NIL
260. In Union Home ITR related deviations can be approved by?

(A) ZLCC
(B) RLCC-I
(C) CAC-II
(D) CAC-I
(E) SLCC
261. What is minimum percentage of margin required if Home loan of Rs.25 lakhs is
given for Repairs/renovation purpose?
(A) 0.1
(B) 0.2
(C) 0.25
(D) 0.35
(E) 0.4
262. Deviation in Margin norms for Home Loans can be permitted by ZLCC, not
below______
(A) 0.05
(B) 0.1
(C) 0.15
(D) A or B depending on CIBIL Score
(E) Not permitted
263. Under Union Home What would be sustenance percentage if the Gross income is
between >3 lakhs to 12 lakhs?
(A) 30
(B) 20
(C) 35
(D) 45
(E) 25
264. Under Union Home, Repayment method which enables the borrower to have a
repayment of lower EMI initially and higher EMI later is called
(A) Balloon Method
(B) Bullet Method
(C) Step up Method
(D) EMI
(E) Flip Method
265. The area occupied by the constructed residential structure under union home,
should not to be less than ______ of the total area of plot
(A) 0.1
(B) 0.2
(C) 0.3
(D) 0.33
(E) 0.25
266. Maximum processing fee/ charges applicable for Union Home Loan?
(A) 10000/- + GST
(B) 20000/- + GST
(C) 5000/- + GST
(D) 15000/- + GST
(E) 7500/- + GST
267. Under Union Home one-time deviation charges of 0.10% of loan amount is charged
subject to minimum Rs. ____ and maximum of Rs. ______.
(A) 500 & 5000
(B) 1000 & 5000
(C) 2000 & 5000
(D) 2000 & 15000
(E) No such charges applicable
268. Home Loan for purchase and repairs/renovation of residential unit not older than
_____ years can be considered at Branch/RLP level
(A) 20
(B) 25
(C) 15
(D) 30
(E) 35
269. Valuation report to be obtained from the approved valuer of the bank and two
independent valuation report have to be obtained for properties valued Rs. ____Crore
and above
(A) 5 Crore
(B) 2 Crore
(C) 10 Crore
(D) 15 Crore
(E) No Such requirement
270. Home Loans up to Rs. _______ Lakhs with project cost of Rs. _____ in other
centers (where population is below 10 Lakhs) for purchase/ construction will be
classified under priority sector
(A) Up to Rs.25 lakhs/ Rs.30 Lakhs
(B) Up to Rs.35 lakhs/Rs. 40 Lakhs
(C) Up to Rs.15 lakhs/ Rs.25 Lakhs
(D) Entire Loan Amount irrespetive of project cost
(E) Up to Rs.35 lakhs/ Rs.45 Lakhs
271. Loans up to Rs. _______ Lakhs with project cost of Rs. _____ in other centers
(where population is above 10 Lakhs) for purchase/ construction will be classified
under priority sector
(A) Up to Rs.25 lakhs/ Rs.30 Lakhs
(B) Up to Rs.35 lakhs/Rs. 40 Lakhs
(C) Up to Rs.15 lakhs/ Rs.25 Lakhs
(D) Entire Loan Amount irrespetive of project cost
(E) Up to Rs.35 lakhs/ Rs.45 Lakhs
272. Credit Process Audit (CPA) for Home loan is mandatory limit above of Rs____ In
Metro Area
(A) 30 Lakhs
(B) 50 Lakhs
(C) 10 Lakhs
(D) 100 Lakhs
(E) No Such Limit
273. Under Union Home, Residual life of the property should be _____Years more than
the repayment tenure?
(A) 10
(B) 5
(C) 15
(D) 20
(E) 3
274. For Floating rate Union Home loans, a takeover penalty of ____% plus GST to be
levied on the average outstanding balance
(A) 0.5
(B) 0.05
(C) 0.15
(D) No Pre-payment penalty
(E) 0.50 % Max Rs.15000/- + GST
275. The overdue charges applicable in case of default or delayed payment, a penal
interest ______% is to be taken on overdue amount
(A) 1
(B) 1.5
(C) 0.5
(D) 2
(E) No Such Charges applicable
276. Who is approving authority for Creation of mortgage on basis of certified copy of
title deeds?
(A) RLCC headed by RH
(B) ZLCC
(C) CAC-III
(D) CAC-I
(E) Board Only
277. Under Union Home …………….may consider, waiver of interim security by stipulating
suitable third party guarantees of adequate means.
(B) ZLCC
(C) CAC-II
(D) CAC-I
(E) Not Permitted
278. Under Union Home, A Repayment option, where there is a steep hike in interest
rates and borrower gives an application cum undertaking, expressing interest to
continue current EMI and agree to repay the residual loan amount outstanding in
lumpsum at the en
(A) Ballon Method
(B) Bullet Method
(C) Smart Saver
(D) EMI
(E) Flip Method
279. Under Union Home, A method enables the borrower to have a repayment scheme
where the EMI is set at a value lower than the normal EMI and lumpsum amount at the
end of repayment tenure
(A) Step Up Method
(B) Ballon Method
(C) Bullet Method
(D) EMI
(E) Flip Method
280. What would be the requirement if HUF is included as a co-applicant in Union Home
proposal?
(A) No need of guarantee
(B) All co-parceners have to stand as guarantors
(C) All major co-parceners have to be stand as guarantors
(D) HUF cannot be included as Co applicant
(E) No need to guarantee if additional Collateral security is offered
281. Under Union Home, A method which enable the borrower to have repayment
schedule where the EMI can be at a value lower than the normal after receiving a
lump sum payment midway into the tenure?
(A) Flip Method
(B) Ballon Method
(C) Bullet Method
(D) EMI
(E) Step Up Method
282. Deviation in Age norms of the Borrowers can be considered by

(B) ZLCC
(C) CAC-II
(D) CAC-I
(E) Board Only
283. If a Home Loan Applicant CIBIL score is below 700 and up to 600, the proposal to
be considered by
(B) ZLCC
(C) CAC-I/II
(D) RLP Head
(E) Branch with enhanced due diligence
284. Credit process audit (CPA) for Home Loan is mandatory above Rs._____ loan
amount For Rural/Semi-urban areas
(A) 30 Lakhs
(B) 50 Lakhs
(C) 10 Lakhs
(D) 100 Lakhs
(E) No Such Limit
285. Sanction of Home Loan will be valid for __months from the date of sanction
(A) 3 Months
(B) 6 Months
(C) 12 Months
(D) 9 Months
(E) 1 Month
286. Union Home above Rs.100 Lakhs a Non Encumbrance certificate from Panel
Advocate is to be taken for ______ years for the proposed property
(A) 13 years is sufficient
(B) 12 years
(C) 30 years
(D) 15 years
(E) 25 years
287. Loans extended to individuals engaged in Agriculture or allied activities under

Union Home branch may set………instead of EMI
(A) Equated Quarterly Installment (EQI)
(B) Equated half yearly instalment (EHI)
(C) Equated yearly instalment (EYI)
(D) Either A or B
(E) Either of A, B or C
288. Home loans for 3rd House onwards are to be classified as CRE-RH, Delegated
authority to sanction such loans would be
(A) ZLCC
(B) RLCC headed by RH
(C) CAC-II
(D) CAC-I
(E) Board Only
289. Under Union Home What would be sustenance percentage if the Annual Gross
Income is above 12 Lakh?
(A) 0.45
(B) 0.35
(C) 0.25
(D) Rs.2 Lacs Monthly
(E) Lower of C or D
290. Under Union Home What would be sustenance percentage if the Annual Gross
Income is upto Rs.3.00 Lakh?
(A) 0.45
(B) 0.35
(C) 0.25
(D) Rs.2 Lacs Monthly
(E) Lower of C or D
291. Under Union Home who is competent authority to waive of both interim security
and third-party guarantee?
(A) ZLCC headed by FGM
(C) CAC-II
(D) CAC-I
(E) No waiver Permitted
292. Under union home Concessions in ROI is in the delegation of ?

(C) RLCC II
(D) CAC-I/II
293. Under Union Home who is competent authority to permit relaxation up to 5 % in

the applicable sustenance?
(C) RLCC II
(D) CAC-I/II
294. Under Union Home Deviation in margin norms for purchase of home loans (not
below 10%) can be considered by
(C) RLCC II
(D) CAC-I/II
295. In Case of Take-over of Home Loan, the maximum repayment period will be
(A) 30 Years
(B) Residual Repayment period left with existing Bank
(C) 360 months less period run with existing bank
(D) up to the age of 75 years of borrower
(E) C or D whichever is lower
296. If the Lead is generated by the RLP & the property is situated in different city /
state, Property due diligence would be done by ______
(A) Mapped Branch
(B) RLP
(C) Sourcing Branch
(D) Branch near to the Property
(E) C or D
297. If a Home loan is taken over after three years, which value of property to be
considered for LTV?
(A) Value as per latest valuation of the property
(B) 1.5 times of the original valuation
(C) 1.5 times of the registered value
(D) Lower of A & B
(E) Lower of A, B & C
298. If a Home loan is taken over within three years, which value of property to be
considered for LTV?
(A) Value as per latest valuation of the property
(B) 1.5 times of the original valuation
(C) 1.5 times of the registered value
(D) Equal to Registered value of the property
(E) Lower of A, B & C
299. Which of the following additional family members are also permitted subject to
the property must be in the joint name in Union Home Scheme?
(A) Grand children from Son
(B) Grand Parents
(C) Son-in-Law
(D) A & B
(E) None of these
300. What would be margin for purchase of plot for subsequent construction if it is
being purchase from Government agency?
(A) Upto 200 lakh 25% and above 200 lakhs 35%
(B) Upto 200 lakh 35% and above 200 lakhs 50%
(C) Upto 200 lakh 20% and above 200 lakhs 35%
(D) Upto 200 lakh 25% and above 200 lakhs 45%
(E) upto 200 lakh 25% and above 200 lakhs 30%
201 E 211 C 221 D 231 A 241 D 251 E 261 B 271 E 281 A 291 A
202 A 212 B 222 B 232 D 242 A 252 C 262 B 272 B 282 B 292 D
203 A 213 E 223 C 233 C 243 C 253 E 263 C 273 B 283 A 293 B
204 D 214 D 224 B 234 B 244 D 254 D 264 C 274 D 284 C 294 A
205 E 215 C 225 C 235 C 245 B 255 A 265 C 275 D 285 B 295 E
206 B 216 B 226 E 236 C 246 C 256 D 266 D 276 B 286 C 296 E
207 E 217 C 227 C 237 A 247 D 257 B 267 A 277 A 287 A 297 A
208 B 218 C 228 C 238 B 248 E 258 A 268 D 278 B 288 A 298 E
209 E 219 A 229 A 239 D 249 A 259 C 269 A 279 B 289 E 299 D
210 B 220 C 230 C 240 E 250 E 260 B 270 A 280 C 290 A 300 A
301. In case construction of individual residential houses, disbursement of expenditure
actually incurred/proposed to be incurred may be disbursed to maximum level of
____% of Home loan amount
(A) 0.05
(B) 0.1
(C) 0.15
(D) As per customer request
(E) Full Amount
302. Under Normal circumstances Applicable processing charges for Union Home
(A) 0.50 % of the loan amount (Max 15000 +GST)
(B) 0.25 % of the loan amount (Max 10000+GST)
(C) 1.00 % of the loan amount (Max 100000+GST)
(D) NIL
(E) Rs.1000 only
303. What is the charge levied as switchover charge from MCLR/Base Rate/ BPLR to
EBLR for outstanding > Rs. 30 lacs to upto 1 cr
(A) Rs. 7500/- + GST
(B) Rs. 10000/- + GST
(C) Rs. 5000/- + GST
(D) Rs. 2500/- + GST
(E) No switchover charge
304. The commercial real estate residetial Housing (CRE-RH) sector will attract
standard asset provisioning of
(A) 0.0025
(B) 0.005
(C) 0.0075
(D) 1.25
305. Housing Regulatory Authority Act (HIRA) is applicable in which state?

(A) HARYANA
(B) Delhi NCR
(C) West Bengal
(D) Himachal Pradesh
(E) Not applicable to any state
306. Under Union Awas, what is the minimum income criteria?

(A) Rs. 65000 per annum
(B) Rs. 5000 per month
(C) Rs. 50000 per annum
(D) Rs. 48000 per annum
(E) Rs. 36000 per annum
307. What is the maximum quantum of loan in semi-urban area under Union Awas
scheme?
(A) 10 lakhs
(B) 5 lakhs
(C) 7 lakhs
(D) 15 lakhs
(E) 20 lakhs
308. What is the maximum quantum of loan in rural area under Union Awas scheme?
(A) 10 lakhs
(B) 5 lakhs
(C) 7 lakhs
(D) 15 lakhs
(E) 20 lakhs
309. For repair/renovation/improvement of house, what is the maximum amount of

loan that can be sanctioned under Union Awas scheme in semi-urban area?
(A) 4 lakhs
(B) 5 lakhs
(C) 7 lakhs
(D) 6 lakhs
(E) 3 lakhs
310. What are guarantee guidelines in Union Awas Scheme?

(A) No third-party guarantee required as in regular home loan
(B) 1 or 2 third party guarantee required with adequate means
(C) Guarantee required if income is less than Rs. 60000 per annum
(D) Guarantee required if income is less than Rs. 48000 per annum
(E) Guarantee required if income is less than Rs. 75000 per annum
311. What is the maximum repayment period under Union Awas?

(A) 25 years
(B) 20 years
(C) 30 years
(D) 15 years
(E) 22 years
312. If customer is residing in metro area and wants to take Union Awas to buy home in
rural area, can loan be given?
(A) No
(B) Yes
(C) Discretion of delegated authority
(D) Permission of Regional Head required
(E) Can be given with deviation
313. If customer is residing in semi-urban area and wants to take Union Awas to buy
home in urban area, can loan be given?
(A) No
(B) Yes
(C) Discretion of delegated authority
314. If composite project loan is given under Union Awas, what will be the margin for
land? (land will be purchased from private individual)?
(A) 25 %
(B) 35 %
(C) 45 %
(D) 50 %
(E) 30 %
315. Under Smart Save, what could be the maximum eligible area of plot in composite
loan if purchased from private entity?
(A) 5000 sqft
(B) 4000 sqft
(C) 6000 sqft
(D) 10000sqft
(E) Composite loan cannot be given under Smart Save
316. Under Smart Save, from salaried people, ...........year ITR/Form-16 & ...........
Months’ salary slip should be collected.
(A) 2 ; 2
(B) 3 ;2
(C) 3 ;3
(D) 2 ; 3
(E) 2 ;4
317. Under Smart Save, following additional family members are also permitted subject
to the property must be in the joint name of .......................
(A) Grand children from daughter
(B) Grand children from son
(C) Grand parents
(D) A & C
(E) B & C
318. Can our existing staff avail Smart Save home loan under staff housing loan?
(A) Yes
(B) Only upto 30 lakh
(C) No
(D) Only upto 20 lakh
319. Under Smart Save, what will be the LTV for construction if loan construction cost
is Rs. 1 crore?
(A) 0.2
(B) 0.1
(C) 0.9
(D) 0.8
(E) 0.35
320. In Smart Save, margin for plot & land should be calculated ...............
(A) Together
(B) Together if total loan is less than Rs. 2 crore
(C) Together if total loan is more than Rs. 2 crore
(D) Together if total loan is more than Rs. 5 crore
(E) Separately
321. What should be the minimum retail score of borrowers as per investment grade
under Union Mortgage scheme?
(A) 70
(B) 60
(C) 50
(D) 40
(E) 30
322. If Union Awas is given for repair / renovation in area where population is less than
10 lac , how much amount can be taken in priority sector?
(A) 10 lakh
(B) 6 lakh
(C) 5 lakh
(D) less than 10 lakh
(E) less than 2 lakh
323. Under Smart Save, if land is purchased under composite project, what will be the
minimum margin for land if loan for plot is Rs. 3 crores?
(A) 0.25
(B) 0.35
(C) 0.65
(D) 0.75
(E) 0.5
324. Under Smart Save, if more amount than margin is invested in purchase of land in
composite project, it can be taken as margin in construction.
(A) No it cannot be considered under margin
(B) Partly true
(C) Yes, may be considered under margin
(D) Yes if invested amount is in excess of 50% of land price
(E) Yes if invested amount is in excess of 60% of land price
325. In Union Awas, what is the sustenance if annual income is upto 3 lacs?
(A) 0.4
(B) 0.45
(C) 0.3
(D) 0.35
(E) 0.25
326. For Union Awas scheme, what is the minimum age requirement?
(A) 16 years
(B) 25 years
(C) 21 years
(D) 20 years
(E) 18 years
327. How to withdraw excess fund from Smart Save home loan?
(A) Borrower will be given ATM only
(B) Borrower will be given cheque book only
(C) Borrower will be given both ATM & Chequebook in Smart Save account
(D) Borrower have to submit a request to the branch, then funds will be given in cash
by debiting Smart Save account.
(E) Borrower have to submit a request to the branch, then funds will be transferred
in SB/CD account.
328. If regular home loan is being converted to Smart Save for the 1st time, charge will
be .................. + GST
(A) 0.50% of outstanding ; Max Rs. 10000
(B) 0.25% of outstanding ; Max Rs. 5000
(C) 1% of outstanding ; Max Rs. 10000
(D) Regular home loan to Smart Save conversion not permitted
(E) 0.75% of outstanding ; Max Rs. 10000
329. What could be the maximum tenure of Smart Save home loan?
(A) 30 Years
(B) 25 Years
(C) 20 Years
(D) For male 30 yrs ; for female 25 yrs
(E) For male 25 yrs ; for female 30 yrs
330. Maximum repayment period under Union Awas is ................

(A) 30 yrs and 75 yrs of age of borrower whichever is less
(B) 25 yrs and 75 yrs of age of borrower whichever is less
(C) 30 yrs and 70 yrs of age of borrower whichever is less
(D) 25 yrs and 70 yrs of age of borrower whichever is less
(E) 30 yrs and 65 yrs of age of borrower whichever is less
331. If a person wants to purchase land and then construct house, can composite loan
be given under Union Awas?
(A) No
(B) Discretion of delegated authority
(C) Yes
332. Under Smart Save option, flexibility of remitting excess amount into the loan
account and withdrawal of eligible amount will be available only after
.....................
(A) full disbursement of loan
(B) commencement of repayment
(C) 50% disbursement of loan
(D) 75% disbursement of loan
(E) A & B only
333. Under Union Green Miles which of the following purposes are allowed?
(A) Purchase of new EV 2 wheeler
(B) Purchase of old EV 2 wheeler
(C) Purchase of new EV 4 wheeler
(D) Purchase of old EV 4 wheeler
(E) A and C
334. In Union Green Miles scheme what is max no of applicant and co applicant
allowed?
(A) 5
(B) No such Limit
(C) 3
(D) 2
335. Under Union Green Miles what is minimum Loan amount?

(A) Rs 1 Lakh
(B) No minimum amount
(C) Rs 50000
(D) Rs 25000
336. Under Union Green Miles Scheme What is maximum Loan amount for a new EV 4
wheeler?
(A) Rs 125 Lakhs
(B) Rs 100 Lakhs
(C) No Ceiling
(D) Rs 10 Lakhs
337. Under Union Green Miles Scheme What is maximum Loan amount for a new EV 2
wheeler?
(A) Rs 10 lakhs
(B) Rs 1 Lakh
(C) No Ceiling
(D) Rs 20 lakhs
338. Under Union Green Miles scheme what is minimum and maximum age ?
(A) 21y,60y
(B) 18y,60y
(C) 21y,75y
(D) 18y,75y
339. Under Union Green Miles Scheme what is minimum margin required for salaried
person?
(A) 0.15
(B) 0.25
(C) 0.1
(D) 0.2
340. Under Union Green Miles Scheme what is minimum margin required for non-
salaried person?
(A) 0.2
(B) 0.15
(C) 0.1
(D) 0.25
341. Under Union Green Miles Scheme what is max cash margin that can be paid to
vehicle dealer?
(A) Rs 1 lakh
(B) Rs 2 lakhs
(C) 10% of ORP
(D) Rs 50000
(E) Lower of C and D
342. Under Union Green Miles scheme what is correct combination of repayment period
for 2 wheeler and 4 wheeler Loan?
(A) 36m,60m
(B) 36m,84m
(C) 12m,36m
(D) 36m,48m
343. What is correct regarding guarantee in Union Miles Scheme?

(A) Partnership Firm-All Partners guarantee is required
(B) Company-Guarantee of 1 director
(C) CIBIL score below 700-Spouse guarantee is required
(D) NRI CIBIL score above 700-No guarantee required
(E) A and B
344. CPV in Union Green Miles is exempted for borrowers having how many months of
satisfactory repayment history?
(A) 12m
(B) 36m
(C) 6m
(D) 24m
345. In Union Green Miles scheme what is turn-around-Time?

(A) 5 days
(B) 1 week
(C) 15 days
(D) 3 days
(E) 2 days
346. Union education-West Bengal Student loan has been launched in line with
(A) West Bengal Student Credit Card Scheme
(B) West Bengal Credit Card Scheme for Minority
(C) West Bengal Student Assistance Programme
(D) West Bengal Student education Scheme
(E) None of These
347. Under Union education-West Bengal Student loan scheme student should be
resident of West Bengal for at least how many years
(A) 15 Years
(B) 10 Years
(C) 20 Years
(D) 18 Years
(E) 5 Years
348. Under Union education-West Bengal Student loan Scheme Maximum Age of
Applicant shall be
(A) 35 years
(B) 45 years
(C) 40 Years
(D) 50 Years
(E) No Maximum Age
349. Loan Under Union education-West Bengal Student loan Scheme, can be given for
(A) Education after Class Ten
(B) Education only after class HSC
(C) Education from class 10 onward
(D) only for study in Undergraduate or Post graduate courses
(E) None of these
350. Which of the following is Incorrect as per Union education-West Bengal Student
loan Scheme?
(A) There is no Minimum Age
(B) Loan can be Given for study in India Only
(C) 100% Gurantee Cover available under this Scheme
(D) No Processing Charges
(E) No Overdue charges for loan upto Rs.2.00 Lakhs
351. What subsidy is available Under Union education-West Bengal Student loan
Scheme?
(A) Interest subsidy to the extent of maximum 4 % on applicable ROI
(B) Interest subsidy to the extent of maximum 3 % on applicable ROI
(C) Interest subsidy to the extent that the student has to bear @3% Simple interest.
(D) Both B & C are correct
(E) Interest subsidy to the extent that the student has to bear @4% Simple interest.
352. The Maximum Repayment Period under Union education-West Bengal Student loan
Scheme
(A) 180 Months including Course & Moratorium Period
(B) 150 Months including Course & Moratorium Period
(C) 240 Months excluding Course & Moratorium Period
(D) 240 Months including Course & Moratorium Period
(E) 180 Months Excluding Course & Moratorium Period
353. Under Union education-West Bengal Student loan Scheme Minimum Margin
Required for loan below Rs.4 Lakhs
(A) 0.15
(B) 0.1
(C) 0.05
(D) Nil
(E) 0.2
354. Which of the following correct for Union Education West Bengal Student loan?
(A) Life Insurance of student is mandatory
(B) No Scurity Required
(C) Loan is guaranteed by West Bengal Govt
(D) Maximum Moratorium under the scheme is Course Tenure+ 12 month
(E) All of These
355. Under Union education-West Bengal Student loan Scheme, the loan to be covered
under which guarantee scheme
(A) CGFSEL
(B) NCGTC
(C) WBSCC
(D) No Guarantee Required
(E) None of these
356. To Obtained guarantee Cover under Union education-West Bengal Student loan
Scheme, lending institution has to pay a Fee
(A) 0.25% of Oustanding Loan
(B) 0.75% of oustanding loan amount
(C) No Fees required to be paid as it is State Specific Scheme
(D) 0.50% of Oustanding loan Amount
(E) None of These
357. Which of the following is Correct For Guarantee Coverage under Union education-
West Bengal Student loan Scheme
(A) Fee to be paid within 30 days from date demand advice Note
(B) Fees to be calculated on the basis of Oustanding loan amount
(C) Fee to be calaculated at the beginning of Financial years
(D) Gurantee Fee to be recovered from Borrower
(E) All of these
358. Under Union education-West Bengal Student loan Scheme, if Any Acccount turn
NPA then Credit Guarantee to be Invoked within how many days
(A) 3 Months
(B) 6 Months
(C) 9 Months
(D) 12 Months
(E) 1 Month
359. The Freqency to Claim Interest Subsidy by the Bank under Union education-West
Bengal Student loan Scheme is
(A) Monthly
(B) Quaterly
(C) Half Yearly
(D) Annual
(E) None of These
360. Maximum Guarantee available under under Union education-West Bengal Student
loan Scheme :
(A) 75% of Loan Amount Subject to Maximum Rs.10.00 Lakhs
(B) 100 % of loan amount subject to Max Rs.10.00 Lakhs
(C) 90% of loan amount subject to Max Rs.10.00 Lakhs
(D) 90% of Loan amount Subject to max Rs.8.00 Lakhs
(E) None of these
361. The Rate of Interest Applicable for Female student under Union Education-West
Bengal Student Loan Scheme
(A) 7.65% Floating
(B) 7.65% Fixed
(C) 8.15% Fixed
(D) 8.15% Floating
(E) 9.10% Fixed
362. The Maximum Quantum of loan which can be sanctioned under special education
scheme Union Medicos?
(A) Rs.50.00 Lakhs
(B) Rs.100.00 Lakhs
(C) Rs.150.00 Lakhs
(D) Rs.200.00 Lakhs
(E) Rs.250.00 Lakhs
363. Under special education scheme Union Medicos, what will be the margin required
for loan above Rs.7.50 lakhs
(A) 0.05
(B) 0.1
(C) 0.15
(D) Nil
(E) None of these
364. Under special Education Union Medicos, what is maximum loan which can be
sanctioned without collateral or 3rd party guarantee?
(A) Up to Rs.40.00 Lakhs
(B) Rs.40.00 Lakhs & Above
(C) Up to Rs.150.00 Lakhs
(D) Collateral will be required irespective of amount
(E) No limit
365. What is the minimum Quantum of Loan under special Education Union Medicos?
(A) 5
(B) Rs.2.50 Lakhs
(C) No limit
(D) Rs.7.50 Lakhs
(E) Rs. 10 Lakhs
366. Union Education Premier Abroad Loan- Expenses considered are

(A) Tuition fee payable to college/ school/ university
(B) Purchase of books/ equipment’s/ instruments/ uniforms
(C) Insurance premium for the student borrower.
(D) Travel expenses /passage money for studies abroad.
367. What is the minimum Quantum of Loan under Union Education Premier Abroad
scheme?
(A) Rs. 2 Lakhs
(B) Rs.2.50 Lakhs
(C) Rs. 5 Lakhs
(D) Rs.7.50 Lakhs
(E) Rs. 10 Lakhs
368. The Maximum Quantum of loan which can be sanctioned under Union Education
Premier-Abroad
(A) Rs.50.00 Lakhs
(B) Rs.100.00 Lakhs
(C) Rs.150.00 Lakhs
(D) Rs.200.00 Lakhs
(E) Rs.250.00 Lakhs
369. Union Education Premier Abroad Loan - The margin to be taken is

(A) Nil
(B) 5% for loan up to Rs.4 Lakhs & 15% above Rs.4.00 Lakhs
(C) 10% irrespective of amount
(D) 15% irrespective of amount
(E) 0.2
370. Under Union Education Premier Abroad Loan- reimbursement of the fee paid by
the student may be permitted within …........ of securing admission
(A) 2 Months
(B) 3 Months
(C) 6 Months
(D) 9 Months
(E) 12 Months
371. The Maximum repayment period for Union Education Premier Abroad Loan is
(A) 180
(B) 150
(C) 120
(D) 100
(E) 90
372. The Moratorium period for Union Education Premier Abroad Loan is course period
plus
(A) 12 months
(B) 10 months
(C) 9 months
(D) 6 months
(E) 3 months
373. Union Education Premier Abroad Scheme if collateral offered by the student is
more than 100% of loan amount Plus Interest, which of the following is correct?
(A) Addintional Concession of 0.50% will be perovided in ROI
(B) Addintional Concession of 0.25% will be perovided in ROI
(C) Addintional Concession of 0.75% will be perovided in ROI
(D) No concession will be provided
(E) None of these
374. Union Education Premier Abroad Scheme if collateral offered by the student is
more than 100% for loan amount of Rs.40 lakhs, what will be the applicable ROI?
(A) EBLR + 0.50%
(B) EBLR + 1.50%
(C) EBLR + 0.25%
(D) EBLR
(E) EBLR + 2.00%
375. Union Education Premier Abroad Scheme, what is maximum loan which can be
sanctioned without collateral or 3rd party guarantee?
(A) Up to Rs.40.00 Lakhs
(B) Rs.40.00 Lakhs & Above
(C) Up to Rs.150.00 Lakhs
(D) Collateral will be required irespective of amount
(E) No limit
376. If a student secured adimission through management quota in the univeristy

eligible under Union Education premier Abroad and applied for loan of Rs..40.00
Lakhs, which of the following is correct
(A) Student securing admission through management quota are not eligible under this
scheme
(B) Loan may be sanctioned by taking minimum collateral of 50% of loan amount&
interest
(C) Collateral free loan cannot be sanctioned in this case
(D) Loan may be sanctioned by taking minimum collateral of 100% of loan amount&
interest
(E) Only B & C are correct
377. What is the minimum and maximum quantum of loan under Union Education loan
(A) No such criteria, need based finance to meet the expenses
(B) 10 lakhs
(C) 20 lakhs
(D) 100 lakhs
378. The margin required for education loan (Inland Studies) up to Rs. 4 lakhs
(A) Nil
(B) 0.05
(C) 0.15
(D) 0.1
(E) 0.2
379. The margin required for education loan (Inland Studies) Above Rs. 4 lakhs
(A) Nil
(B) 0.05
(C) 0.15
(D) 0.1
(E) 0.2
380. Which of the following is incorrect for ROI applicable to Education Loans
(A) Simple interest will be charged during the course/moratorium period
(B) Compounding rate of interest will be charged after course/moratorium period
(C) Servicing of interest during course/moratorium period is optional
(D) The accrued interest during course/moratorium period will be added to the
principal amount borrowed while fixing EMI for repayment, if the same is not
serviced
(E) None of these
381. As per Union Education Scheme, if the admission is secured through management
quota then security requirement would be
(A) 0.5
(B) 1
(C) 1.5
(D) 0.8
(E) 2
382. The sanction for Education loan is valid for a period of

(A) 1 Month
(B) 2 Month
(C) 3 Month
(D) 6 Month
(E) No Such Month
383. All loans sanctioned for inland studies up to Rs. ______ lakh should be classified as
priority sector advances
(A) 10
(B) 20
(C) 50
(D) No Limit
384. Credit Guarantee Fund Scheme for Educational Loans (CGFSEL) is applicable for
loan up to
(A) 4 lakhs
(B) 5 lakhs
(C) 7.50 lakhs
(D) 10 lakhs
(E) 20 lakhs
385. The student eligibility for Union Education - Study Abroad

(A) The student should be an Indian National
(B) Have secured admission in a recognized Institution abroad through Merit based
selection process such as common entrance exams
(C) Admission based on the marks obtained in the qualifying examinations for studies
abroad
(D) All of above
386. The margin required for education loan (Abroad Studies) Above Rs. 4 lakhs
(A) Nil
(B) 0.05
(C) 0.1
(D) 0.15
(E) 0.2
387. The margin required for education loan (Abroad Studies) up to Rs. 4 lakhs
(A) Nil
(B) 0.05
(C) 0.1
(D) 0.15
(E) 0.2
388. Processing Charges for Union Education loan- study abroad is

(A) No processing charges to be levied
(B) An upfront fee of Rs.5000 to be charged to the student, which will be refunded if
the student avails the loan within a period of 3 months from the date of
sanction
(C) If the student does not avail the loan within a period of 3 months from the date
of sanction, then the deposit of Rs.5000 to be appropriated as processing
charges
(E) Only A & B
389. Which of the following is true for Padho Pradesh Scheme under union education
(A) Scheme to provide interest subsidy on educational loans for overseas studies for
the students belonging to the minority communities
(B) Secured admission to higher studies abroad viz. Masters, M-Phil and Ph.D. levels
only
(C) For the student belonging to the Economically Weaker Section (EWS) of Minority
communities with an annual (gross family income not exceeding Rs.6.00 Lakh)
(D) The student has to submit income certificate issued by authorized officers
appointed by the respective State Governments
(E) All the above
390. Which of the following is not correct for Padho Pradesh Scheme under union
education
(A) The scheme is applicable for higher studies abroad
(B) Subsidy is available for interest charged on the loan amount disbursed during a
financial year
(C) Available for course and moratorium period only
(D) Eligible loan amount is up to Rs.30.00 Lakh only
(E) None of these
391. Which option is true for Central Government Interest Subsidy Scheme?
(A) The Ministry of HRD, GOI has launched a scheme of Interest Subsidy on
educational loans for economically weaker sections of the society
(B) The scheme is applicable for inland studies only
(C) The student should secure admission after Class XII in any of the
professional/technical courses
(D) Under CSIS scheme, only those education loans are eligible which are sanctioned
without any collateral security or third-party guarantee and subsidy is available
up to a maximum amount of Rs.7.50 lakh irrespective of the sanction amount
(E) All the above
392. Which of the following is Student eligibility Criteria for Union KisanShikshaSuvidha
(UKSS) Scheme?
(A) The student should be an Indian National
(B) Belong to farming community with Primary source of income (above 50% of total
income) should be from agriculture allied activity
(C) Have secured admission to Medical (MBBS/BDS/BAMS/BHMS) / Engineering /
Management courses leading to graduate / post graduate (including post
graduate diploma) education in premium institutes through common entrance
test
(D) Only for meritorious students securing at least 60% marks at higher secondary
level
(E) All the above
393. What is the minimum margin to be taken under UNION KISAN SHIKSHA SUVIDHA
(UKSS) for studies in India
(A) Nil
(B) 0.05
(C) 0.15
(D) 0.1
(E) 0.2
394. What is the minimum margin to be taken under UNION KISAN SHIKSHA SUVIDHA
(UKSS) for studies abroad
(A) Nil
(B) 0.05
(C) 0.15
(D) 0.1
(E) 0.2
395. What is true about Credit Guarantee Fund Scheme for Educational Loans (CGFSEL)
(A) Government of India through Ministry of Human Resource Development,
Department of Higher Education has notified Credit Guarantee Fund Scheme for
Educational Loans (CGFSEL)
(B) The objective of scheme is to provide guarantee for educational loans up to Rs.
7.50 lakh (where no collateral security or third-party guarantee is available)
(C) National Credit Guarantee Trustee Company Ltd. (NCGTC) has been set-up by the
Department of Financial Services, Ministry of Finance, Government of India to,
inter alia, act as a common trustee company to manage and operate various
credit guarantee trust f
(D) None of the above
(E) All the above
396. What is maximum loan limit in Union Kisan Shiksha Suvidha education loan for
study abroad?
(A) 10 lakh
(B) 20 lakh
(C) 30 lakh
(D) 40 lakh
(E) 50 lakh
397. What is minimum limit in Union Kisan Shiksha Suvidha education loan?
(A) Above 1 lakh
(B) Above 2 lakh
(C) Above 5 lakh
(D) Above 7.50 lakh
(E) Above 10 lakh
398. What are the criteria to sanction loan for part time courses under union education
scheme?
(A) Studies in India only
(B) To employed /self-employed persons
(C) Only for courses offered by universities/ colleges, which are approved by UGC/
central/ State or any statutory body
(D) Admissions to institutions which give coaching for such courses
(E) Only options A, B & C
399. Which expenditures can be covered in Union Education Loan scheme?

(A) Tuition fee payable to college/ school/ university
(B) Hostel / mess charges
(C) Examination/ Library/ Laboratory fee
(D) Insurance premium for the student borrower
(E) All the above
400. Which of the following is incorrect for 1% rebate on ROI applicable to Education
Loans?
(A) If interest is regularly serviced during the course and moratorium period
(B) Rebate of 1% to be given in the applicable rate of interest for the repayment
period only
(C) The interest rebate will not be available under special / tie-up schemes such as
ISB, IIMs, IITs
(D) The Rebate of 1% can only be permitted by RLCC and above
(E) All of These
401. Which is the website for checking global ranking of colleges for abroad education
loan?
(A) www.foreignedu.com
(B) www.indiaedu.com
(C) www.metrics.com
(D) www.vidhyalaxmi.com
(E) www.webometrics.info/en/world
402. Which of the following is correct statement for Union Education Loan?
(A) ‘No due certificate’ from other banks/Financial institutions is to be insisted upon
as a pre-condition for sanctioning education loan
(B) ‘No due certificate’ from other banks/Financial institutions need not be insisted
upon as a pre-condition for sanctioning education loan
(C) banks may obtain a declaration/ affidavit regarding the loans availed from other
banks by the student/parent(s)/co-borrower
(D) Only B & C are correct
403. Applicable Margin for education loan under Tier-II Management & Technical
Institute; if the loan amount is above Rs.5.00 lakh is ........................
(A) 5%
(B) 15%
(C) 20%
(D) No Margin required
(E) 10%
404. Maximum Living expenses per month sanctioned to Students under Education Loan
for Tier-II Management & Technical Institutes is .....................
(A) Rs.15000.00
(B) Rs.5000.00
(C) Rs.3500.00
(D) Rs.20000.00
(E) Rs.10000.00
405. Which of the following statements are correct about education loan for NRI
Students to Study in India?
(A) For loan up to Rs.4.00 lakh, no security required
(B) Student should hold an Indian passport
(C) 15% margin, irrespective of the loan amount
(D) Maximum eligible quantum Rs.20.00 lakh
(E) All are correct
406. Which of the following courses are eligible for education loan under special
scheme for Indian School of Business (ISB)?
(A) PGPM
(B) PGP-MAX
(C) PGP-PRO
(D) PGP-PRO & PGP-MAX only
(E) All courses are eligible
407. If a Student availed an education loan under the special education loan scheme for
ISB, the repayment period of the loan after course and moratorium period will be
.....................
(A) 15 years
(B) 18 years
(C) 20 years
(D) 25 years
(E) 30 years
408. The permitted moratorium period to a course up to 1 years duration for education
loan for skill development is .....................
(A) 6 months from the completion of course
(B) 12 months from the completion of course
(C) 15 months from the completion of course
(D) 3 months from the completion of course
409. Which of the following statements are correct about Union Education Skill
Development Loan?
(A) Student should be an Indian national
(B) No margin requirement
(C) No collateral to be taken
(D) No third-party guarantee to be taken
(E) All are correct
410. Which of the following statements are correct with regards to Union Education-
students with fees reimbursement facility from respective government?
(A) Only Tuition fee payable to considered
(B) Margin- 10% of the tuition fee payable
(C) Maximum quantum - Rs.7.50 lakh
(D) No collateral security required
(E) All are correct
411. Under Union Education Loan -Study Abroad- ACSISOBCEBC SCHEME Eligible loan
amount is up to Rs.____ Lakh only
(A) 10 lakh
(B) 15 lakh
(C) 20 lakh
(D) 25 lakh
(E) 30 lakh
412. DDE stands for

(A) Digital Document Exercise
(B) Digital Document Execution
(C) Daily Document Exercise
(D) Digital Dealing Execution
413. Which of the following plays the role of a repository of legal evidence holding the
information pertaining to any debt/claim in DDE?
(A) NeSL
(B) SHCIL
(C) C-DAC
(D) Lender Bank
414. In DDE, role of ___ is collection of stamp certificate in the form of e-stamping for
the loan documents
(A) NeSL
(B) C-DAC
(C) SHCIL
(D) Lender Bank
415. Which agency is e-sign provider in DDE

(A) NeSL
(B) Lender Bank
(C) SHCIL
(D) C-DAC
416. Maximum amount of loan that can be sanctioned in union cash to normal
pensioners?
(A) 1 Lakhs
(B) 3 Lakhs
(C) 5 Lakhs
(D) 10 Lakhs
(E) 15 Lakhs
417. How much maximum amount of loan that can be sanctioned in union cash to family
pensioners?
(A) 1 Lakhs
(B) 3 Lakhs
(C) 5 Lakhs
(D) 10 Lakhs
(E) 15 Lakhs
418. Maximum amount of loan that can be sanctioned under union cash to normal
pensioners if age is above 70 years
(A) 1 Lakhs
(B) 3 Lakhs
(C) 5 Lakhs
(D) 10 Lakhs
(E) 15 Lakhs
419. What is sustenance percentage requirement of pension in union cash scheme?

(A) 0.15
(B) 0.25
(C) 0.4
(D) 0.5
(E) 0.3
420. How much contribution as margin is required in union cash scheme?
(A) 0.15
(B) 0.25
(C) 0.2
(D) 0.1
(E) No margin required
421. Maximum Repayment tenure in union cash where the age of borrower/pensioner is
below 70 years
(A) 84 Months
(B) 72 Months
(C) 60 Months
(D) 48 Months
(E) 36 Months
422. Maximum Repayment tenure in union cash where the age of borrower/pensioner is
Above 70 years
(A) 84 Months
(B) 72 Months
(C) 60 Months
(D) 48 Months
(E) 36 Months
423. TAT-Turnaround Time applicable in Union Cash Scheme?

(A) TAT is not applicable
(B) 3 Days
(C) 5 Days
(D) 7 Days
(E) 2 Days
424. Whether personal guarantee mandatory in union cash scheme loan?

(A) No personal guarantee required
(B) Personal guarantee of spouse
(C) Personal guarantee of only nominee for family pension required
(D) personal guarantee of spouse or nominee for family pension
(E) Two personal guarantees required having sufficient means
425. What is rate of processing charges applicable in union cash loan?

(A) 0.15% maximum Rs.500
(B) One-time upfront processing fee @ 0.10% minimum Rs.100
(C) 7.50% minimum Rs.500
(D) 0.05% minimum Rs.500
(E) Nil processing charges
426. Whether staff member pensioners are permitted under union cash schemes?
(A) staff members pensioners are not permitted
(B) staff member pensioners are permitted with RO approval
(C) staff members pensioners are permitted at par to public
(D) staff member pensioners are permitted with concession in ROI
(E) staff members pensioners are permitted loan without any celling of loan amount
427. How much amount of loan can be sanctioned in union cash?

(A) 18 times of monthly net pension (net means gross less tax)
(B) Family pensioners- Rs.3.00 lakh
(C) If age of the pensioner (at the time of application) above 70 years of age - Rs
5.00
(D) If age of the pensioner (at the time of application) up to 70 years of age - Rs
10.00
(E) Lower of above A,B,C,D
428. Takeover of union cash loan from other bank is

(A) Not permitted
(B) Permitted with RO permission
(C) Permitted
(D) As per discretion of BM
(E) Permitted with FGMO permission
429. Rate of interest chargeable from customer in union cash scheme?

(A) MCLR + 3%
(B) EBLR + 2.10%
(C) 12.90% (fixed)
(D) 12.90% (floating)
(E) Base rate + 3%
430. For Builer Tie-Up, one of the conditions is that Builder/developer/promoter should
have been in the business of developing residential project for at least ….... years
preceding such project
(A) 2 Years
(B) 3 Years
(C) 4 Years
(D) 5 Years
301 B 311 C 321 C 331 C 341 E 351 E 361 B 371 A 381 C 391 E
302 A 312 B 322 B 332 E 342 B 352 A 362 D 372 A 382 D 392 E
303 A 313 A 323 B 333 E 343 E 353 D 363 B 373 A 383 B 393 B
304 C 314 A 324 C 334 C 344 D 354 E 364 A 374 D 384 C 394 C
305 C 315 A 325 B 335 B 345 E 355 C 365 C 375 A 385 D 395 E
306 D 316 D 326 E 336 C 346 A 356 D 366 E 376 B 386 D 396 C
307 A 317 E 327 E 337 A 347 B 357 E 367 D 377 A 387 A 397 D
308 C 318 C 328 B 338 D 348 C 358 D 368 C 378 A 388 D 398 E
309 B 319 D 329 A 339 C 349 C 359 B 369 D 379 B 389 E 399 E
310 B 320 E 330 A 340 C 350 B 360 B 370 C 380 E 390 D 400 E
Q Ans Q Ans Q Ans Q Ans Q Ans Q Ans

401 E 406 E 411 C 416 D 421 C 426 C
402 D 407 A 412 B 417 B 422 E 427 E
403 A 408 A 413 A 418 C 423 D 428 A
404 B 409 E 414 C 419 D 424 D 429 B
405 E 410 E 415 D 420 E 425 B 430 D

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Enhance Your Efficiency

2. What is applicable processing charge on Union Women Professional Personal Loan?

27. What is applicable processing charge on Union Professional Personal Loan?

31. Which statement of the following is incorrect related to Union Professional

45. Under Which Personal loan scheme takeover is permitted

49. Which statement is correct regarding Union Personal loan scheme?

62. Union Ashiyana Personal Loan can be sanctiond to ?

63. Which type of facility can be sanctioned under UAPL?

69. What type of security to be obtained under UAOD Scheme?

71. which one of the following is incorrect related to UAOD Scheme?

72. Vidya Laxmi Scheme is for which retail loan product

73. Charges/Fees of Rs____for VidyaLaxmi Portal to be borne by student

75. What is the missed call number for Union Dial?

80. Maximum amount to be considered for purchase of Two-Wheeler under special

88. Maximum quantum of loan to be sanctioned under Union education skill

95. Union reverse mortgage loan can be given to ____?

109. Foreclosure for Reverse Mortgage Account is done?

110. Revaluation of the borrower's property is to be done every ______years in case of

111. Rate of Interest to be reset every ___years in reverse mortgage

118. Which statement is incorrect regarding eligible individuals and permitted

123. What percentage of eligible loan amount computed as per TL assessment to be

139. What is the margin under Union Mortgage Scheme?

150. Under Union Mortgage loan following statements are correct

168. What is minimum entry age under Union Mortgage Scheme?

169. Who is empowered to approve empanelment of corporate selling associates of

170. The empanelment of CSA will be for a period of ..................

171. The maximum cap on payment of incentive to CSA is ..................

177. Which are not eligible for CSA business mobilization?

178. Who recommends empanelment of CSA?

195. In case of Individuals taking Union Miles, Guarantee required is of ..................

216. Which of the following statement is Incorrect in context of eligibility criteria of

218. Who is empowered to approve the DSA empanelment?

221. Who cannot become a DSA?

223. Who will review the performance of DSA Annually?

224. Who will execute the agreement with DSA?

225. Which of the following is not a purpose under Union Home

226. Which of the following is correct?

231. Under Union Home which of the following is not correct?

238. In Union Home Two Legal Reports are required to be obtained if

241. Under Union home for repair/renovation, loan up to __________ will be

244. Under Union Home, Minimum margin required for purchase/Construction of a

245. Under Union Home, Minimum margin required for purchase/Construction of a

260. In Union Home ITR related deviations can be approved by?

282. Deviation in Age norms of the Borrowers can be considered by

287. Loans extended to individuals engaged in Agriculture or allied activities under

292. Under union home Concessions in ROI is in the delegation of ?

293. Under Union Home who is competent authority to permit relaxation up to 5 % in

305. Housing Regulatory Authority Act (HIRA) is applicable in which state?

306. Under Union Awas, what is the minimum income criteria?

309. For repair/renovation/improvement of house, what is the maximum amount of

310. What are guarantee guidelines in Union Awas Scheme?

311. What is the maximum repayment period under Union Awas?

330. Maximum repayment period under Union Awas is ................

335. Under Union Green Miles what is minimum Loan amount?

343. What is correct regarding guarantee in Union Miles Scheme?

345. In Union Green Miles scheme what is turn-around-Time?

366. Union Education Premier Abroad Loan- Expenses considered are

369. Union Education Premier Abroad Loan - The margin to be taken is

376. If a student secured adimission through management quota in the univeristy

382. The sanction for Education loan is valid for a period of

385. The student eligibility for Union Education - Study Abroad

388. Processing Charges for Union Education loan- study abroad is

399. Which expenditures can be covered in Union Education Loan scheme?