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com
 Bank Promotion Exam Practice Questions
Q1. RBI basing on the ……………….committee recommendations advised banks to set up a strong audit
system which should be well supported by the offsite transaction monitoring unit through system
generated reports.
(a) Rangarajan committee
(b) Damodaran Committee
(c) Urjit patel Committee
(d) Basanth Seth Committee
Ans: (d)

Q2. Periodicity of IS Audit in Circle/Regional Office with Moderate Risk Rating is ___ months.
(a) 12
(b) 18
(c) 6
(d) 24
Ans: (a)

Q3. In case where neither Bank is at fault nor the customer, as a gesture of goodwill and to deal with
customer fairly, Bank will compensate the customer with ____ per Rs 5000 of the amount involved, subject
to a maximum of ___ for each instance.
(a) 500, 5000
(b) 200, 2000
(c) 200, 1000
(d) 100, 1000
Ans: (d)

Q4. What ROI is paid as penalty if there is delay in Credit/Return of NEFT/RTGS ?

(a) Repo Rate + 1%
(b) Repo Rate + 2%
(c) SB Rate
(d) SB + 3%
Ans: (b)

Q5. In case a cheque has been paid after stop payment instruction is
acknowledged by the bank, within how many working days debit
should be reversed to the customer intimating transaction to the
bank?
(a) 2 days
(b) 1 day
(c) 5days
(d) 3 days
Ans: (a)
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Q6. Mandatory for Bank to reimburse the customer the amount wrongfully debited on account of failed
ATM transaction within a maximum period of _______ from the receipt of the complaint, or else beyond bank
shall pay compensation of Rs ____ per day.
(a) T + 3 days, Rs.100 Per Day
(b) T + 5 days, Rs.200 Per Day
(c) T + 5 days, Rs.100 per day
(d) T + 3 days, Rs. 100 Per day
Ans: (c)

Q7. What interest rate as compensation is to be paid if duplicate draft won't be issued within fortnight from
the receipt of such request from the purchaser
(a) SB Rate
(b) Repo Rate
(c) SB + 2%
(d) FD Rate
Ans: (d)

Q8. Power saving mode should be set for all computers/LAN to automatically turn- off, after a fixed period
of inactivity of _____ minutes.
(a) 30
(b) 60
(c) 45
(d) 50
Ans: (a)

Q9. For what minimum period CCTV footage is to be maintained in Administrative Units ?
(a) 90
(b) 45
(c) 30
(d) 60
Ans: (c)

Q10. How many days recording to be available in DVR for the real time viewing of the currency chest
including entrance.
(a) 45
(b) 90
(c) 30
(d) 60
Ans: (b)

Q11. A minimum of ____ head constable and ____ constables, must be available to the guard the currency
chest round the clock by the armed guards as per agreement with state police department.
(a) 2, 4
(b) 1, 1
(c) 1, 3
(d) 1, 4
Ans: (d)
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Q12. A branch should have Strong Room when cash holding is____________.
(a) 10 Lacs and Above
(b) 8 Lacs and Above
(c) 5 Lacs and above
(d) 15 Lacs and Above
Ans: (c)

Q13. How many guards must be escorted for remittance of above Rs. 20.00 lakhs and upto Rs.50.00 Lakhs?
(a) 1
(b) 2
(c) 4
(d) 3
Ans: (a)

Q14. Debit cards can not to be issued to____________. -

(a) illiterate customers
(b) Join accounts operations condition is 'Jointly'
(c) Non resident Indian
(d) Individual accounts
Ans: (b)

Q15. New Nodal Office for handling queries / complaints related to RTGS transaction__________.
(a) Cuffe Parade, Mumbai
(b) Clearing section Mumbai
(c) RTGS section
(d) Payment Systems (RTGS) Recon Section, Reconciliation Wing, HO
Ans: (d)

Q16. What is the revised cash withdrawal limit for Standard/Classic/Gold/Elite debit cards ?
(a) Rs. 50000
(b) Rs. 60000
(c) Rs. 40000
(d) Rs. 75000
Ans: (d)

Q17. Cash withdrawal limit through POS machines, per day per card for Tier 1 & Tier 2 Cities is _____
(a) Rs. 1000
(b) Rs.2000
(c) Rs. 5000
(d) Rs. 1500
Ans: (a)

Q18. NEFT transaction Rs. 10 Lakhs and above requires ___ authorizers and for transaction upto Rs.
9,99,999.99 require __ authorizer.

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(a) 1, 2
(b) 2, 1
(c) 1, 1
(d) 2, 2
Ans: (b)

Q19. Which is not prescribed Event for NEFT transaction by RBI?

(a) End of day (EOD)
(b) Start of Day (SOD)
(c) Mid of Day (MOD)
(d) Final Cut off (FCO)
Ans: (c)

Q20. What amount of transaction for account holders with no cap on the no. of remittances in a year per
remitter for Indo-Nepal remittance?
(a) Rs. 100000
(b) Rs. 50000
(c) Rs. 150000
(d) Rs. 200000
Ans: (d)

Q21. When one releaser and 2 authorisers are required for authorisation of RTGS transaction______________.
(a) Rs 1 crore and 50 crore
(b) More than Rs 100 crore
(c) Rs 1 crore and 100 crore
(d) Rs 5 crore and Rs 100 crore
Ans: (b)

Q22. What percentage of Net Profit mandatorily eligible companies to spend on developmental activities
as per Companies Act 2013 toward Corporate Social Responsibility?
(a) 2%
(b) 3%
(c) 5%
(d) 4%
Ans: (a)

Q23. Canara Vidya Jyothi Scheme (CSR) initiative shall be

implemented by our ______ branches.
(a) Semi Urban
(b) Rural
(c) Urban
(d) All of these (NOT @ METRO)
Ans: (d)

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Q24. Under Canara Vidhyajyothi Scheme, amount of scholarship is _____ per student for class 5th to 7 and
____ per student for students of a class 8th to 10.
(a) Rs. 5000, Rs. 7500
(b) Rs. 2500, Rs. 4000
(c) Rs. 2500, Rs. 5000
(d) Rs. 3000, Rs. 5000
Ans: (c)

Q25. Staff should compulsorily be sent on mandatory leave by the concerned leave sanctioning authority
for not less than ____ working days in a single spell every calendar year maintaining an element of surprise.
(a) 7
(b) 10
(c) 15
(d) 5
Ans: (b)

Q26. How many days should not exceed in a month, under entrustment of Work for Home assignments.
(a) 10
(b) 15
(c) 30
(d) 7
Ans: (a)

Q27. Minimum eligibility of Gross annual income for issuing of Classic/Standard credit card of Rs__________
per annum for Gold Card & Rs.__________ per annum and for World Credit Card Variant Rs.________________ per
annum
(a) 3, 5, & 15
(b) 1, 2, & 10
(c) 1, 5, & 10
(d) 3, 6, & 15
Ans: (b)

Q28. For NRI customers, Cash withdrawal limit of Credit Card is fixed at _____ per month subject to 50% of
the card limit.
(a) Rs. 40000
(b) Rs. 25000
(c) Rs. 50000
(d) Rs. 60000
Ans: (c)

Q29. Credit card to staff members should have a minimum annual gross income of_______and NTH not less
than _____ per month.
(a) Rs. 100000, Rs 5000
(b) Rs. 50000, Rs. 10000
(c) Rs. 80000, Rs. 5000
(d) Rs. 60000, Rs. 4000
Ans: (d)

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Q30. What is the maximum credit card limit which can be sanctioned to the customers rated High Risk?
(a) Rs. 1 Lac
(b) Rs. 2 Lacs
(c) Rs. 1.50 Lacs
(d) Rs. 50000
Ans: (b)

Q31. _____ of the Principal Amount of FDR can be given as Secured Credit Card against Security of Term
Deposit.
(a) 75 %
(b) 85 %
(c) 95 %
(d) 90 %
Ans: (a)

Q32. What is the minimum and maximum credit card limit for Gold, World, and Secured Credit Card?
(a) Rs. 50000, Rs 500000
(b) Rs. 25000, Rs. 1000000
(c) Rs. 50000, Rs. 2000000
(d) Rs. 25000, Rs. 2500000
Ans: (d)

Q33. Minimum limit of _____ & in multiples of Rs. 5000 and maximum limit of ______, for Corporate Credit
Cards.
(a) Rs. 50000, Rs. 50 Lacs
(b) Rs. 50000, Rs.100 Lacs
(c) Rs. 100000, Rs. 50 Lacs
(d) Rs. 2 Lacs, Rs. 100 Lacs.
Ans: (b)

Q34. _______________Add on cards can be issued on Corporate credit card under Main Card with minimum
Card Limit of Rs. ___________
(a) 99 and 5000
(b) 100 and 25000
(c) 99 and 25000
(d) 100 and 5000
Ans: (c)

Q35. What percent of the bill amount can be paid as monthly credit card bill under Revolving/EMI facility?
(a) 10 %
(b) 5 %
(c) 15 %
(d) 20 %
Ans: (b)

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Q36. _____ of Service charges to be collected for Secured Credit Card per month, for revolving/EMI facility.
(a) 3% + GST
(b) 5 % + GST
(c) 1 % + GST
(d) 2 % + GST
Ans: (d)

Q37. After how many days from the date of issuance of non-activation of credit card by customer, bank shall
seek (OTP) based consent from the cardholder for activating a credit card
(a) 30 days
(b) 15 days
(c) 20 days
(d) 10 days
Ans: (a)

Q38. On failure of closure of credit card on request of customer in ____ working days attracts penalty of _____
per day till the closure of the account.
(a) 5 days, Rs. 200
(b) 7 days, Rs. 500
(c) 7 days, Rs. 250
(d) 5 days, Rs. 100
Ans: (b)

Q39. Personalized credit cards remaining undelivered for more than _____ months/days are to be destroyed.
(a) 45 days
(b) 2 Months
(c) 3 Months
(d) 30 days
Ans: (c)

Q40. How many days before payment due to date of credit card bill to be dispatched by e-mail or by courier
or by post to the customer ?
(a) 10 days
(b) 5 days
(c) 7 days
(d) 15 days
Ans: (d)

Q41. How many reward points will be earned on every Rs. 100 spent
on credit cards and what's is the value of each reward point ?
(a) 1, 0.50
(b) 2, 0.75
(c) 2, 0.25
(d) 1, 0.25
Ans: (c)

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Q42. What is the validity of reward points from the date of accrual for Credit Cards ?
(a) 2 Years
(b) 3 Years
(c) 1 Year
(d) 5 years
Ans: (b)

Q43. Under Platinum Credit card, minimum card usage per annum for saving inactivity fee for amount of
______ is ____ plus GST.
(a) Rs. 50000, Rs. 200
(b) Rs. 25000, Rs. 500
(c) Rs. 50000, Rs. 300
(d) Rs. 25000, Rs. 200
Ans: (a)

Q44. What is late payment penalty on unsuccessful payment of credit card bill on the due date ?
(a) Rs. 500 + GST
(b) Rs. 250 + GST
(c) Rs. 200 + GST
(d) Rs. 300 + GST
Ans: (b)

Q45. What is the validity of International Travel Prepaid card ?

(a) 3 Years
(b) 2 Years
(c) 1 Year
(d) 5 Years
Ans: (d)

Q46. For International Travel Prepaid card, unspent currency in the card in excess of USD ____ or its
equivalent in other currencies need to be surrendered within ____ days arriving in India.
(a) 1000, 90 days
(b) 1500, 120 days
(c) 2000, 180 days
(d) 1200, 150 days
Ans: (c)

Q47. As per IRDAI, how many insurers a bank can tie up with as a corporate agent?
(a) 2
(b) 3
(c) 1
(d) 5
Ans: (b)

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Q48. What are the charges of duplicate certificate of registration of Insurance ?
(a) Rs. 1000 + tax
(b) Rs. 500 + tax
(c) Rs. 1500 + tax
(d) Rs. 2000 + tax
Ans: (a)

Q49. ____ hours of training programme for bank staffs having qualified, CAIIIB/MBA/PGDBA/PGDBM
approved by AICTE,
(a) 30 hours
(b) 20 hours
(c) 15 hours
(d) 25 hours
Ans: (d)

Q50. Before completion of RBIA at Branches/ Units, In-charge of auditee unit shall give feedback and
review on various parameters regarding Inspecting Officials, considering this feedback cum Review by
auditee units, weightage of ........marks shall be given in
(a) 10 Marks
(b) 2 Marks
(c) 5 Marks
(d) None of these
Ans: (c)

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