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CAIIB SUCCESS
Class-5 Date: 30 Oct. 2023
Class Time: 7 PM
(BRBL Module-A)

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1. Which of the following is/are false?
(a) Central Government can give direction to the Reserve Bank.
(b) All kinds of business of banks are regulated only by the Reserve Bank.
(c) Central Government is the primary regulator of banks.
(d) State governments have no control over co-operative banks.

(i) (a) and (b) only (ii) (b) only

(ii) (c) and (d) only (iv) (b), (c) and (d) only

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2. DEF was set up to take over the deposits of accounts that have not
been claimed or operated for a period of
(a) 7 or more years
(b) 15 or more years
(c)12 or more years
(d) 10 or more years

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3. Mortgage is defined under which act?
a) Negotiable Instrument Act
b) Transfer of Property Act
c) Indian Contract Act
d) None of the above

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4. The limitation period for filing a suit for sale of mortgaged property is ________,
from the date when the money sued for becomes due.
a) Ten Years
b) Twelve Years
c) Fifteen Years
d) Thirty Years

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5 .The scale based regulatory framework for NBFCs to be introduced by RBI
will be effective from ____________
(a) 31-03-2022
(b) 01-10-2023
(c) 01-10-2022
(d) None of the above

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6. Provision of transfer of shares by an existing shareholder of a banking company is
governed by which of the following?
I. Companies Act,2013
II. The Banking Companies(Acquisitions and transfer of undertaking) Act, 1970
III. Banking Regulation Act,1949
IV. RBI Act,1934
(a) I and IV only.
(b) I, II and III only.
(c) IV only
(d) I and III only

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7. Banking regulation act provides that when a chairman or a whole time
director of a bank is removed from office, he or she seizes to be a director
of the bank and shall not be eligible for further appointment as director of
that banking company for a period of _______ years.
(a) 5
(b) 4
(c) 8
(d) 10

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8. As per RBI circular banks including foreign banks having a branch presence
in India or financial institutions should not acquire any fresh stake in a bank
equity share it by such acquisition the investing banks or financial
institutions holding exceeds ______ percent of the investee bank’s Equity
capital.
(a) 5%
(b) 10%
(c) 15%
(d) 20%

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9. What is the full form of the name given to the reform program ‘EASE’
introduced in January 2018?
(a) Enhanced Access & Service Excellence
(b) Excellence in Activities that Serve Enterprises
(c) Enhancement in the Ability to Service Entrepreneurs
(d) None of the above

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10. The objectives of FSDC include ____________
(a) To strengthen financial stability
(b) Promoting financial sector development
(c) To promote competition
(d) Maintaining financial stability.

(i) (a) and (c) only (ii) (b) and (d) only
(iii) (a), (b) and (c) only (iv) (a), (b), and (d) only

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11. Every reporting entity shall maintain the record of all transactions
including, the record of all cash transactions of the value of more than
Rs. ______or its equivalent in foreign currency.
a) 5 lakhs
b) 10 lakhs
c) 20 lakhs
d) 25 lakhs

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12. In order for an award to be binding on a bank against which it is
passed, the complainant has to furnish letter of acceptance of the award in
full and final settlement of his claim within a period of __________ days
from the date of receipt of copy of the award.
(a) 10 days
(b) 15 days
(c) 30 days
(d) 45 days

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13. As per Section 17(2) of the BR Act appropriation of any amount from
the reserve fund or the share premium account has to be reported to the
Reserve Bank within which of the following period?
(a) 21 days of appropriation
(b) 14 days of appropriation
(c) 7 days of appropriation
(d) 30 days of appropriation

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14. The penalties for any false statement wilfully made in any return,
balance sheet or document or any wilful omission to make any material
statement is punishable for up to _______ years of imprisonment and a
fine of up to Rupees _______ or both.
(a) Two years, Fifty Lakhs.
(b) Three years, Fifty Lakhs.
(c) Two years, One crore.
(d) Three years, One crore.

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15. With respect to submission of annual accounts and balance sheet to
RBI, every banking company has to submit three copies of its balance
sheet and profit and loss account to the RBI within what time from the end
of the period to which they relate?
(a) 12 Months
(b) 6 Months
(c) 3 Months
(d) 2 Months

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16. Which one of the following is not an example of material alteration
necessitating for refusal of payment of a cheque?
(a) When a bearer cheque is made into an order cheque
(b) When date is overwritten
(c) When crossing is obliterated
(d) All the above

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17. In order to promote small finance banks, the promoter/ promoter
groups should be fit and proper with a soundtrack record of professional
experience or of running their business for at least a period of _______.
(a) 3 years
(b) 7 years
(c) 9 years
(d) 5 years

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18. The urban private cooperative banks who want to transition into small
finance banks must have an initial requirement of net worth of____ which
will have to be increased to ____ within five years from the date of
commencement of business.
(a) 50 crore,150 crore
(b) 100 crore,150 crore
(c) 100 crore, 200 crore
(d) 50 crore, 200 crore

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19. Which of the following statements are true with respect to payment banks?
I. Invest minimum 75% of demand deposit in SLR securities
II. Hold maximum 25% in current and time fixed deposit with other scheduled
commercial banks.
III. Minimum paid up equity capital of 100 crores.
IV. Accept demand deposits upto Rs 2 lakhs per customer.
(a) I, III and IV only
(b) I, II and III only
(c) II, III and IV only
(d) I, II, III and IV

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20. Under the Payment and Settlement Systems Act 2007, which entity is
authorized to approve commencement or operation of a payment system?
a) SEBI
b) RBI
c) Ministry of Finance
d) SBI

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21. The tier I capital of NBFC's at any point of time shall not be less than
___ and those primarily engaged in lending against gold jewellery shall
maintain a minimum tier I capital of ___?
(a) 10% ,15%
(b) 12% ,15%
(c) 10% ,12%
(d) None of the above

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22. RBI has set the rules for NBFCs which limit lending to IPO investors to
Rs _______ per borrower.
(a) 50 Lakhs
(b) 2 Crores
(c) 75 Lakhs
(d) 1 Crore

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23. Which of the following statements with respect to NBFCs are true:
I. NBFCs registered with SEBI, IRDA and NHB etc do not require to be
registered with RBI.
II. Banks are allowed to enter into co-lending arrangement with NBFC
belonging to promoter group.
(a) Only I is true
(b) Only II is true
(c) Both I and II are true
(d) None of them

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24.In mortgage by way of conditional sale the property is
(a) sold with a condition for re-conveyance
(b) sold unconditionally
(c) sold by mutual oral consent
(d) All the above are correct

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25. Foreign banks are being permitted to operate in India through which of the
following channels?
I. As branches of foreign banks
II. A wholly owned subsidiary of a foreign bank
III. A subsidiary with an aggregate foreign investment up to maximum 74% of paid-up
capital
IV. A subsidiary with an aggregate foreign investment up to minimum 55% of net
owned funds.
(a) I, II and IV only
(b) I, II and III only
(c) II, III and IV only
(d) I, II, III and IV

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