Q#45_Quiz on Circulars of October, 2022 (14-11-2022 to 20-11-2022)

Q 1Marks - 1.00
Which of the following statement as regard our Bank's guidelines for valuation of
the properties to be considered as a security (Primary/Gollateral) in advance
accounts is NOT true -
A

ln case of properties acquired within last -3- years, amount of Registered Value or
the Realizable Value whichever is lower should be taken as the value of property

In case of consortium finance, valuation Report/s by empanelled valuer/s of Lead

Bank or as accepted by the Lead Bank in consortium account may be accepted by our
Bank and value of the property shall be considered as accepted by the Lead Bank.

In case of retail loans, wherever property (building/house) is mortgaged as

security, the age of constructed propedy should not be more than 25 Years.

Boundaries of the properties to be verified by the branch officials with the

Valuation Report while carrying out inspection of the property and to ensure that
property is freely accessible and not landlocked.

Q 2Marks - 1.00
Which of the following statement as regard BOB premium LAP product is NOT correctly
stated?
A

The eligible finance under the scheme will be assessed based on balance Sheet and
also based on Cash Flows, and the amount to financed will be lower of two.

The Loan product is specifically designed for MSME customers only.

Loan so provided under the scheme may be utilized by Associate Company of the
borrower company with permission from Head MSME, however, Corporate guarantee of
the same is must.

Company registered in India but with more than 51 % shareholding with NRI/OCI or
Foreign National Entity is NOT eligible for finance under the scheme.

Q 3Marks - 1.00
Which of the following statement as regard our Bank's product/scheme of Baroda Loan
against Future Rent Receivable Scheme (Retail segment) is NOT true -
A

Even landlords of Bank of Baroda Branch, Office premises, residential flats, houses
leased out to Bank of Baroda are eligible for financing under the scheme.

Exposure must be under commercial real estate segment as per extant guidelines of
RBI / our Bank from time to time.

Charges such as electricity charges, Water charges, common area maintainance

charges etc. recovered from lessee over and above the lease rentals can be
considered while computing eligible limits

There is no processing charges for review of facilities unless there is change in

terms of original sanction.
Q 4Marks - 1.00
Our Bank has renewed the Group Health Insurance Policy (GHI Policy) administered by
Indian Bank Association (IBA) for the period from 1st October 2022 to 30th
September 2023 (2022-23). As per the policy who among the following is the new
Third Party Administrator (TPA) for our Bank?
A

M/s. Family Health Plan Insurance TPA Ltd

Medi Assist India TPA Pvt. Ltd.

United Healthcare Parekh TPA Pvt. Ltd.

MD India Healthcare (TPA) Services (Pvt.) Ltd.

Q 5Marks - 1.00
State TRUE or FALSE - No offence under sectlon-138 of the Act is attracted where
there Is dishonour of cheque for a debt not legally enforceable on date of Its
presentment.
A

TRUE

FALSE

Q 6Marks - 1.00
Previously, our bank service charges related to Guarantee Commission were based on
fixed charges on sanction limits only, which has now been revised to
___________Commission Structure for the borrowal accounts.
A

Entity constitution based

Term Usage based

Industry exposure based

Rating Based

Q 7Marks - 1.00
In order to facilitate the operating units for compliance to RERA guidelines
without manual Intervention of branches our bank has introduced Baroda RERA Current
Accounts. Which of the following is NOT a type of Baroda RERA Account?
A

RERA Collection Account

RERA Funding Account

RERA Project Account

RERA Operative Account

Q 8Marks - 1.00
Digital SB Account Opening through Video KYC for customers is available to
customers of our bank. Customers can get connected for Video KYC any time between
_______________ on all working days.
A

10 AM To 5 PM

9 AM to 6 PM

11 AM to 6 PM

9 AM to 5 PM

Q 9Marks - 1.00
Mr. Ramesh recently retired/superannuated on 05.11.2022 from ABCD Bank Limited. For
his pension to be credited on time, between what dates, should he submit his Life
Certificate?
A

17.10.2022 to 31.12.2022

17.10.2022 to 30.11.2022

01.11.2022 to 31.12.2022

Need not submit Life Certificate for the current year.

Q 10Marks - 1.00
Which of the following statement regarding Post Sanction Reporting (PSR) guidelines
of our bank is NOT correctly stated?
A

The PSR authority should check whether the comments / qualifications by the
auditors are causing concern.

The PSR authority should check whether necessary pollution / environmental

clearances are obtained.

The PSR authoruity should check whether the comments / qualifications by the
Directors/Management are causing concern.

The PSR authority should check whether the sanction / review has been reported
within 3 days of the sanction/review.

Q 11Marks - 1.00
As per our bank's Baroda Auto Loan - Master Circular, for retail loans, no
deviation is required in cases where credit card account status write-off /
settlement involving amount upto ___________, if date of write-off/settlement is
more than 5 years and Current CIBIL score of the borrower is at least 701.
A

Rs. 25,000

Rs. 50,000
Rs. 1,00,000

Rs. 2,00,000

Q 12Marks - 1.00
Reserve Bank of India, vide its circular dated 27-Aug-2021, has advised Increase in
the ceiling per transaction from _________________ for lndo-Nepal Remittance
Facility Scheme.
A

Rs. 50000 to Rs. 500000

Rs. 50000 to Rs. 400000

Rs. 50000 to Rs. 300000

Rs. 50000 to Rs. 200000

Q 13Marks - 1.00
Who among the are authorized for issuance of certificates for Authorized Dealer
Code to Exporters and Importers?
A

Category C Branch

Category B Branch

TFBO

Zonal Office

Q 14Marks - 1.00
Finacle menu to register preferred language option for SMS in the customers account
at the branch level is ___________
A

CUSTLANG

SMSLANG

HCUSTLN

CUSTMOB

Q 15Marks - 1.00
In case of Education Loans, operating units should not insist for collateral and
third party guarantee for loan up to __________, so that these accounts can be
covered under CGFSEL of NCGTC.
A

Rs. 4 Lac

Rs. 7.5 Lac

Rs. 15 Lac

Rs. 20 Lac