Recollected IOB Promotion questions for MM III to SM IV -2015 by HB

SAHOO, STC-Kolkata
1. Calculate DSCR. Net profit after Tax -100, Tax – 20, Depreciation – 50, Interest – 50,
Instalment – Rs.75 – 1.6
2. Find out Working Capital & Current Ratio
3. The Current Assets are Rs.800 Crore, Current Liabilities are Rs.400 Crore and the Quick
Ratio is 1.5. Find out the inventory – Rs.200 Crore
4. Limits are under Consortium arrangement. What is the position of a Bank whose limits are
standard with them and NPA with other banks?
5. SARFAESI Act 13(2) notice period – 60 days
6. Reply to borrowers representation for notice under SARFAESI Act - Fortnight
7. Notice of sales under SARFAESI Act – 30 days
8. Loan sanctioned to a company for purchase of vehicle. Charge to be registered with RTO or
ROC or both
9. Stock Statement 3 months old. A/c will be treated as NPA on which day – After 90 days
10. Annual Stock Audit in NPA accounts cut off limit – Rs.5 Crore
11. New Addition in UCP 600 – Action of Terrorism
12. FRA is used for (Forward Rate Agreement) – Determines the currency exchange rate or rate
of interest. (Both options are given. Some confusing)
13. LC is advised in SWIFT through MT__________ MT 700
14. For setting up of an office overseas banks are allowed 15% of the average annual
sales/income for the last two FYS or up to _____ of net worth, whichever is higher – 25%
15. Rebate of cancelled Export Order to a Alternate Buyer - 25%
16. Advance Payment for Import without RBI approval
17. Mid Dept of Treasury
18. Post Shipment Credit for how many days. -180 
19. At what stage Loan will be sanctioned for Duty Draw Back 
20. Normal Transit Period under FADAI – 25 days 
21. No of days presence in India to be eligible for resident status: 182 days
22. % of incremental credit under Export Credit can be considered under priority sector (other
than Foreign Banks with Less than 20 Branches) – 2%
23. As per UCP – 600 the words about or appx used in connection with the amount of LC
amount or the quantity or the unit price means - 10% more or 10% less
24. Unspent Forex of TCs is allowed to keep upto $ 2000
25. Gems & Jewellery – Rough Diamond
26. Time for submission of evidence of Imports – 3 months.
27. Futures are traded at
28. Payment of import bill of USD 5000. One USD is quoted at Rs.60.03/05. Margin loaded is 5
paise. Calculate the amount to be paid.
29. Transactions under Merchanting Trade to be completed within – 9 months
30. While issuing Credit Card, the following statement is not true – Bank is not liable for KYC
obtained by an outside agency.
31. Penalty for not having TAN No by a Bank Branch
32. TDS – 15H / 15G to be submitted within --------- days – 7th day of the succeeding month.
33. TDS deducted. Form 16A to be submitted within -------- days 
34. Rs.1000/- Bond with coupon rate of 10%. Bond purchased for Rs.900/-. What is the profit %
(11.11)
35. REPO is also called as 
36. CRR is as ____ Sec of _____Act
37. Marginal Standing Facility rate – 8.50%
38. Penalty by IT Dept for not remitting the TDS Amount on time is ______________
39. M/s ABC & CO and XYZ & Co are having similar partners. Whether OD in ABC & CO can
be set off with credit balance in XYZ &CO. 
40. REPO is for one day and XXX Repo is for ____ days
41. RBI instructed banks to include _____ type of genders in all their opening forms –
1st/2nd/3rd/4th Gender Ans: None (Right one is Transgender)
42. Premature Closure Penalty of 1% applicable for deposits upto - Rs.15,000/-
43. If the holder of the instruments wants to recall the instrument - Put Option
44. As per RBI guidelines Banks are permitted to levy premature closure on deposits above –
15 lacs
45. A Question on Dishonor of cheques with less than one crore
46. % of TDS on rent on property above Rs.1,80,000/- - 10%
47. IOB Passion age criteria for Category B 25 to _____ - 50
48. Age upto 70 years. ________No of times monthly pension for a Pension loan of Rs.5 lacs 
49. Spl Personal Loan to HNI/VIP clients – Rs.25 lacs
50. Salary credited to the SB account of the customer through ECS. How many number of
months salary can be considered for Clean Loan of Rs.15 lacs - 15 times
51. Pre Approved Home Loan validity period – 3 Months
52. Urban Horticulture Min. Space Required – 500 Sqft
53. Minor Irrigation Scale IV Manager Discretion
54. Loans to Food Processing Industry under which category as per recent RBI norms –
Agriculture
55. Monitoring of Priority Sector Adv Targets at what intervals, instead of on annual review
followed at present as per RBI guidelines. - Quarterly.
56. Margin on Warehouse Receipt other than cotton & rubber – 25%
57. How to do with the PMEGP Subsidy – Keep in Term Deposit with nil interest for a period of
three years.
58. House costing Rs.25 lacs what will be the loan amount that can be considered under priority
sector - Rs.20.00 Lakhs
59. Investment criteria for Small Enterprise for cost of Plant & Machinery for Manufacturing &
Service. Rs.5 Crore and Rs.2 Crore.
60. Loans of _____ amount to MSE Units will not be considered under SME EASY – Rs.10 lacs
61. Repayment period for Dairy Sheds
62. Holiday period for Mango Plantation
63. Loan amount that can be considered under JLG
64. NABARD provides grant assistance to Banks for formation of JLGs- Rs.2000/-
65. Income Eligibility for DRI Loans – Rural – Rs.18,000/- & Urban Rs.24,000/-
66. Rajiv Rinn Yojana cap on maximum dwelling unit - 60 sq. mt.
67. IOB SME Contractor book debts upto what age can be considered? - 120 days
68. Housing Loan upto Rs.20 lacs- LTV Ratio 90%
69. Housing Loan Rs.20 lacs to Rs.75 lacs - LTV Ratio 80 %
70. ICAAP stands for – Internal Capital Adequacy Assessment Process
71. Which is not an operational risk under BASEL II – Liquidity Risk
72. Assets of worth Rs.100 crore were revalued at Rs.300 Crore. How much amount can be can
be considered under Tier II Capital - Rs. 90 Crore. 
73. Pillar 3 in Basel II - Market Discipline 
74. On fortnightly basis, outstanding borrowing under Call money should not exceed 100% of
Tier I & Tier II Capital. However banks are allowed to borrow a maximum % of their capital
funds on any day during a fort night. – 125%
75. Provision for CRE -1%
76. Provision for Housing loan restructured – 25 Basis points.
77. Provision on security for a DA – 3 account – 100% 
78. While Calculating Base Rate, Bank will not consider – Peer Banks into consideration
79. Time frame for implementation of Liquidity Coverage Ratio – 1 January 2019
80. Counter Cycle Capital Buffer at what rate – 0 - 2.50%
81. AS 17 Segment Reporting- Amount considered under Corporate for accounts with – Rs.5
Crore and above.
82. CRILIC stands for Central Repository of Information on Large Credits
83. Bill discounted and became NPA – What should be reversed?
84. Provision for a restructured account – 125%
85. Cut off limit for a non cooperative borrower reporting to CRILIC – Rs.5 Crore
Remaining questions mostly on Foreign Exchange that too from Exports
Wherever questions seems to be easy, the options are tricky & confusing 
Approximately 10 questions are lengthy i.e nearly 3 -4 lines to confuse the examinee.
 Recalled Questions from Recent Interview / Promotion Test

1. When Ombudsman’s award is accepted by the customer, the bank is to implement the
award within: 30 days.
2. Corporate Debt Restructure system is not applicable for : Single lender accounts
3. Real Time Gross settlement system takes care of which risk : Systemic risk and
settlement risk
4. Loan assets are classified by the banks on the basis of : By status of security
5. Under SARFAESI Act 2002 the banks give notice for payment of due amount to the
borrower / owner of charged assets within _____ days, otherwise action will be initiated
u/s 13(2) of the Act : 60 days
6. The minimum & maximum period of certificate of deposit is : 7 days, 12 months
7. Banks print cheque books having similar particulars. The format of cheque is prescribed
by which Act : It is a practice
8. Which crossing takes away the feature of assumption of defective free title available to
the transferee : Not negotiable
9. Bearer uncrossed cheque can be paid to whom : To the bearer
10. In PMRY, what is the income criteria for borrower’s family and borrower’s parents :
Annual income from all sources should not exceed Rs.1 lac, each, separately
11. The increasing foreign exchange reserves in India are costly because : Funds are idle
and there is fluctuation risk
12. Who is appointed to tackle public complaints against the public authorities : Ombudsman
13. What is NOSTRO: A bank’s account abroad with another bank
14. On, other than a negotiable instrument, what is the time period for payment of stamp
duty, if the document is executed outside India : 3 months
15. Within priority sector, a retail trader other than in essential commodities can be allowed
an advance up to : Rs.20 lac
16. FCNR (B) deposit can be accepted by banks in ____ currencies : 6
17. May I help you counter is to be provided by bank branches other than : Small branches
18. Interest subvention on SME exporters is available to the extent of : 2%
19. BCTT provisions are applicable on partnership where the cash withdrawal is : More than
Rs.1 lac
20. A firm is allowed a limit of Rs.1.40 lac at 30% margin. It wants to avail the limit fully. How
much will be the value of security : Rs.2 lac
21. Statutory Liquidity Ratio provisions for banks are as per Section _____ of _____ : 24,
Banking Regulation Act 1949
22. What is the maximum loan that can be allowed to a dealer in cattle feed / poultry feed,
within priority sector : Rs.40 lac
23. An NRI can open a joint account with a resident in case of ___ accounts : Non-resident
Ordinary.
24. What type of charge is applicable on loan against term deposits in a bank : Assignment
25. RBI keeps on changing repo / reverse repo rate / CRR with the objective of : Regulation
of liquidity to control inflation
26. Garnishee Order is not applicable on : Un-used cash credit or overdraft limit
27. What is the periodicity for submission of R-Returns to RBI : Fortnightly
28. The facility of nomination is not available to Trust account because it is _____ account :
Non-individual
29. Banks are required to make provision on standard assets at the rate of 0.25% on ____ &
____ accounts : Direct agriculture and SME.
30. A person wants to open an account which his wife should be able to operate only after
his death. What type of account he should open : Former or survivor
31. In B region, the reply to letters in Hindi is to be given to the extent of ____ % : 100%
32. Within priority sector target of 40% of ANBC or CEOBE, whichever is higher, the sub-
target for weaker section is : 25%
33. A loan to an NBFC for on-lending to individual farmer or SHG or joint liability group is
classified as: Indirect finance to agriculture
34. In case of a jointly operated joint account, the nominee can obtain payment, when : none
of the account holder is alive
35. SGSY scheme is meant for ____ in ____ areas : BPL, rural
36. Call money deposit is part of the ___ sector : Organised sector
37. The long term liability to tangible net worth ratio implies : Long term solvency of the firm
or capacity of the firm to pay long term debt.
38. Current ratio implies : Capacity of the firm to pay current liabilities.
39. Working capital requirement of a firm is required to be met through : Short term sources
and surplus of long term sources over long term uses
40. What was increased by RBI to the extent of 0.5% in the first quarterly review of annual
policy in July 2007 : CRR
41. Star series notes relate to : Defective notes
42. The target for DRI advances is : 1% of previous year’s outstanding loans
43. Who cannot become a partner as per Supreme Court judgement : HUF
44. What is the maximum period for which an account classified as sub-standard, can
remain : 12 months
45. A company wants to electronically pay the dividend to large no. of its shareholders,
which include small amounts also : Electronic Clearing Services – Credit (ECS-Credit)
46. Service fee in case of CGF-MSE guarantee cover is ___ % of ____ : 0.75%, sanctioned
limit
47. The terms used for hiding money to avoid tax is : Money laundering
48. A cheque is written in different hand-writings and different inks : It will be paid
49. Opening of non-resident accounts by _____ has been allowed by RBI : RRBs
50. Bailment of goods by a person to another person, to secure a loan is called : Pledge
51. When mortgage is created by a person by deposit of title deed orally, it is called ____
mortgage : Equitable
52. Which crossing is not a general crossing : When name of bank is written within or
without parallel lines.
53. Buy now and pay later is the facility available under : Credit card
54. A financial statement that provides information regarding where the funds have come
and where these have been used, is called : Funds flow statement
55. Who can open NRE account : NRI
56. The minimum capital adequacy ratio implemented in India, by RBI is ____ % and as per
Basel II recommendations it is ___ % : 9%, 8%
57. A mandate holder for a current account has died and a cheque signed by him is
presented for payment after his death : The cheque shall be paid, if not dated
subsequent to date of death or prior to the date of mandate.
58. The true owner of a cheque has been deprived his right by collection of the cheque for a
different person. This is called : Conversion
59. A bank branch receives a counterfeit note of Rs.1000, which customer wants back. What
the bank should do : To be impounded and not to be returned in any circumstances.
60. Banks provide term loans and deferred payment guarantee to finance capital assets like
plant and machinery. What is the difference between these two : Outlay of funds.
61. Islamic banking has the features of : Conservative banking
62. Which among the Muslims, Christians, Budhists & Jains is not a minority community :
Jain
63. When rate of interest is expressed by adjusting the impact of inflation, this is called
_____ : Real rate of Interest
64. For the purpose of creation of equitable mortgage, the place for deposit of the title deed
is notified by : State Govt.
65. A prudent investor makes investment in shares on the basis of : Price-earning ratio
66. When the rates are rising, the growing economy : Gains
67. Banks can ask for deposit of advance rent for a period up to : 3 years
68. For FCNR (B) deposits, the exchange risk is born by : Bank, accepting such deposit.
69. As per recent RBI/Govt. guidelines, pensioners can open account jointly with: with
spouse, to be operated as either or survivor.
70. Amount of maximum loan given to micro and small enterprises are covered under
CGFTMSE scheme : Rs.50 lac
71. Housing loan is part of the priority sector advance, with a maximum amount of : Rs.20
lac.
72. The R-returns are submitted by the banks to RBI on : Fortnightly basis
73. Apiculture relates to : Bee-keeping
74. A cheque written in different inks and handwriting is presented, for payment : it will be
paid if otherwise in order
75. Which of the following forms will be used for allowing exemption to a depositor aged 61
years : Form 15 G
76. An enterprise will be treated as medium enterprise providing services, if the investment
in ____ is above Rs.2 cr and up to Rs. _____: equipment, 5 cr.
77. BCTT is levied in case of a partnership firm’s account, when the amount of withdrawals :
exceeds Rs.1 lac
78. For acquiring securities charged to the bank under SARFAESI Act, a notice of ___ days
is required to be sent to the owner of the securities: 60 days
79. The drawer of a cheque wants that the endorsee should not get a defect free title when
he receives an endorsed cheque. What type of crossing would be required : Not-
negotiatiable crossing.
80. The crossing on a cheque is required to be cancelled. Who can do so: Drawer
81. A cheque signed by an agent is presented for payment, after his death. What will the
paying bank do : Cheque will be paid in normal course if it is not dated subsequent to
date of his death.
82. A bank can sell its NPA account to another bank, if the NPA is held by the seller bank
with it for ____ month as NPA : 24
83. Unutilised overdraft limit of a borrower is available and a garnishee order is received :
Order is not applicable
84. Under SGSY, the no. of women self group should be ___ % of the total groups: 50%
85. In educational loan no collateral security or 3rd party guarantee will be obtained, if the
amount of loan is maximum up to: Rs.4 lac.
86. NRE term deposit can be accepted by banks for a period of : 1 to 3 years.
87. In PMRY cases, the amount of margin and subsidy should be ___ % of the ____ : 20%,
project cost.
88. A loan associated with a short duration crop, becomes sub-standard after remaining
special mention account for a period of : two crop seasons
89. Interest subvention of 2% is available to banks from Govt. when the short term
production loan up to Rs. ____ lac jin agriculture is allowed by banks at ____ % rate of
interest to farmer: 3 lac, 7%
90. Under liberalized remittance scheme what is the maximum amount that can be remitted
by a resident person abroad for unspecified person: $ 2 lac in a financial year.
91. If an SSI units holds a margin of Rs.25 lac and its projected sales are Rs.400 lac, its
working capital limit will be : Rs.75 lac (margin being more, the limit will be lower by that
amount).
92. Weaker persons of the society available deposit and loan services from banks, which is
called : Financial inclusion
93. Customer day is observed by banks on ____ th of the month : 15
94. Minimum no. of days for which term deposit can be made by banks : 7 days
95. Under 15 point program of Prime Minister, the no. of minority dominated districts in India
is indicated as : 121
96. For select exporters, the maximum interest subvention allowed to banks is ___ % but the
rate of interest to be charged from exporters should be minimum ___ % : 4%, 7%
97. A retail trader in other than essential goods is financed by the bank. What is the
maximum amount of such loan that can be classified under priority sector : Rs.20 lac.
98. What type of bench mark is used for lending in banks : Benchmark Prime Lending Rate.
99. A dealer is engaged in sale/distribution of inputs used in agriculture allied activities such
a poultry feed / cattlefeed. What is the maximum amount of loan given to them, can be
classified under priority sector : Rs.40 lac.
100.Appeal against the award given by the Ombudsman can be made by the bank within
_____ days of date of ____: 30 days, receipt of acceptance from the customer.
101.The format of cheque is prescribed in which Act : It is only a practice.
102.If a fraud takes place in a bank branch. Report is sent to the controlling office on form :
FMR 1
103.The amount in a cheque is written differently in words and figures and amount written
in words is higher of the two : Amount written in words will be paid.
104.While paying a bearer cheque, signatures are obtained on the back side of the
cheque. Why ? : As evidence of payment
105.Bank note which is misprinted by RBI is replaced by issuing a ________ note : Star
series
106.In CDR category-1, what type of loan accounts are eligible : Standard & sub-standard.
107.Sales / debtor ratio is called _____ ratio. It indicates ____ : Debtor-turnover,efficiency of
collection of debtors.
108.Current ratio indicates : Capacity of a firm to meet its current liabilities.
109.Conversion means : unauthorized intervention in the property of another person
110.As per Official language policy for B region, branch target to reply in Hindi letter
received in Hindi is : 100%
 Recalled Questions from Recent Interview / Promotion Test -CBI

1. Provision for standard accounts in direct agriculture and SME accounts is to be made
at : 0.25%
2. Risk weight for bill purchased under LC, for capital adequacy purposes is : 20%
3. What is the right of nominee in case of term deposit that has not matured : To obtain
premature payment and not raise loan against the security of such term deposit
4. Preshipment credit is available in which type of letter of credit : Red clause
5. The quarterly financial results of companies and banks are to be declared / published
under directions provided by : SEBI
6. RBI injects liquidity through : Repo
7. Collateral security in case of PMRY advances is exempt up to : Loan of Rs.5 lac in case
of industry projects per borrowal account and Rs.2 lac for business/servicing per
borrower.
8. What is full form of FRBM : Fiscal Responsibility & Budget Management Act
9. Relationship between bank and customer in case of goods left by mistake in custody of
the bank: Trustee & beneficiary
10. Priority sector target for foreign banks: 32% of ANBC
11. NSC pledged with post office with nomination in favour of XYZ. Bank’s claim against
these NSCs : Will have priority
12. Legal status of nominee is that of a : Trustee for legal heirs
13. M, a minor admitted for benefits in a firm wants to withdraw from the firm on attaining
majority. How much time is available to him to do so : 6 months from date of majority or
6 months from date of information to him that he was admitted for benefits, whichever is
later.
14. Loan to minor can be given in the following case (a) against DBD (b) against LIC policy
(c) in the name of minor (d) in the name of father : in the name of father
15. Who cannot be a partners (a) HUF (b) illiterate (c) Blind person (d) company : HUF
16. Money to be deposited by A in the account of B. A has informed that B has become
insane : can be deposited with consent of the family members (i.e. guardian)
17. Mortgagee enjoys the income of the mortgaged property in case of which mortgage :
Usufructuary
18. Hypothecation becomes pledge : when goods are given for possession to the bank, by
the borrower.
19. Which scheme has been abolished with introduction of senior citizen deposit scheme :
Varishat Bima Pension Yojna
20. An NPA account is restructured on June 30, 2003 with the provision that first instalment
shall be due on Dec 31, 2003. Amount deposited on Dec 30, 2003. The account will
become standard, if instalments are regularly deposited: Dec 31, 2004.
21. Which type of fraud case is not to be reported : Theft and burglary.
22. There is excess cash with the cashier while closing the cash balance in the evening. It is
to be deposited in : Sundries account excess cash received account (credit balance).
23. Which document is required to be attested (witnessed) (a) mortgage deed (b) pledge
agreement (c) Hypothecation agreement : Mortgage deed
24. No. of bank branches in India is (a) above 40000 (b) above 50000 (c) above 60000 (d)
above 70000 : Above 70000
25. A, B and C want to open a joint account with the provision that after death of any of
them, the money should not be paid to any legal heir, what mode of operation should be
opened : Either or any of them
26. ECB can be raised under automatic approval by (a) companies (b) firms : Companies
27. Borrowing power of Board of Directors is described in: Articles of Association.
28. Doctorine of Ultravires borrowing relates to : Borrowing by a company for an activity,
which it is not authorized to undertake as per its Memorandum of Association
29. Loan of Rs.25000 has been obtained by the depositor against an FDR. Minor is to be
appointed nominee in the account : Can be done after repayment of the loan. Terms of
deposit account will not be allowed to be changed during currency of the loan.
30. The no. of members in a SHG in SGSY in normal cases : 10-20
31. Authorised capital is Rs.10 lac. Paid up capital Rs.6 lac. The loss of previous year is
Rs.1 lac. Loss in current year is Rs.2 lac. The tangible networth is : Rs.3 lac
32. Net working capital is Rs.80000. Current ratio is 3:1. The current assets are : 120000
33. CDR in case of SME account (which is not correct) (a) SME financed by any bank for
any amount (b) for corporate account, financing by one bank (c) for corporate account
from many banks for amount above Rs.10 lac : C
34. Right to retain goods is called : Lien
35. For obtaining loan against shares, the Charge on shares : Lien
36. A director of the bank wants to raise loan from your bank against (a) FDR of other bank
(b) share of same bank(c) surrender value of Life Policy. Loan can be given against :
Surrender value of Life Policy.
37. Bill of lading, Railway Receipt are negotiable instruments under (a) NI Act (b) Sec 3 of
Transfer of Property Act (c) Sec 137 of Transfer of Property Act (d) Sale of Goods act :
C
38. Keeping goods in safe custody is as per provisions of (a) NI Act (b) Indian Partnership
Act (c) Indian Contract Act : C
39. No dues certificate in case of agricultural advances is exempted up to a loan of:
Rs.50000
40. Liability of a coparcener in case of loan raised by HUF is : Restricted to his share in HUF
property/assets
41. In KYC guidelines, the small account where simple KYC is applicable are those account
where the amount deposited in the account is restricted to (a) Rs.50000 (b) Rs.1 lac :
Rs.1 lac
42. In case of SMEs, the registration is mandatory in case of (a) medium enterprises in
servicing (b) small manufacturing enterprises (c) manufacturing medium enterprises : C
43. What is the maximum amount of loan for obtaining guarantee under CGTMSE of SIDBI :
Rs.50 lac
44. A company has been sanctioned cash credit-pledge limit. Internal auditor finds that
charge has not been registered with Registrar of Companies in time. In how much time it
is to be done : In case of pledge, not required.
45. Loan system of credit delivery is not applicable in case of : Software industry
46. To sell an NPA, the account must remain in the books of seller bank : for 24 months as
NPA
47. One of these is an indirect rate (a) one $ = Rs. 39.56 (b) one pound = Rs. 89.56, (c) one
yen = Rs. 0..30 (d) Rs.100 = $ 2.60 : D
48. Which crossing is not recognized by NI Act (a) Special (b) payee’s account (c) not
negotiable : B
49. Which among the following can open an Resident Foreign Currency account (a) NRI (b)
Resident (c) Erstwhile NRI now resident (d) none : C
50. A loan document is signed by one partner on June 15, 2007, by 2nd partner on June 21
and by 3rd partner on June 29. The period of limitation will start from : June 30, 2007
51. In CAMLES, the word C stands for : Capital Adequacy Ratio
52. A partner wants to retire from the firm XYZ. He has to (a) get consent of other partners
(b) has implied authority to retire (c) has to give public notice (d) can retire when desired
by him by giving notice to other partners : A
53. Service Area approach guidelines withdrawn by RBI except of Govt. sponsored Scheme
as per recommendations of : VS Vyas Committee
54. Govt. shareholding in public sector banks cannot be below : (a) 33% (b) 51% (c) 74% (d)
100 : B
55. For micro & small enterprise, the value of _____ is excluded while calculating the value
of plant and machinery or equipment : Land & building.
56. Registration of partnership firm is not compulsory but banks prefer registered firms
because (a) they can file suit against them (b) creditors can file suit against them (c) they
can file suit against their debtors : C
57. The limitation period u/s 138 of NI Act begins from : Date of cause of action
58. Ombudsman can ignore the case of complaint where (a) advocate of applicant has
appealed (b) complaint is of frivolous nature : B
59. Company increases it networth by revaluation of assets by Rs.50000. Existing Debt
equity ratio was 2:1. the new debt equity ratio would be _____, if long term liabilities are
Rs.80000 : 0.9:1
60. If BCTT is not deposited on time, the penalty for non-deposit is : Rs.1000 per day for
period of default + 1p.m. interest
61. BCTT is chargeable in the account of a private limited company if the amount of cash
withdrawal is : more than Rs.1 lac.
62. A cheque is issued by a company as “pay yourselves”. A clerk from the company comes
and signs on behalf of the company and requests for preparation of a demand draft :
Cannot be prepared.
63. Internal rate of return is : A discount rate, at which the net present value of a project is
Zero.
64. PMRY age limit of general………..and for SCST ____ (18—35 and 18—45)
65. Under SGSY Programme, the minimum number of SHG group of women to be formed :
50%
66. Subsidy under Agriclinic Agribusiness is ……..%or general and ………….% for SC/ST
(25% and 33.3%)
67. Small Service industry investment in plant and machinery : above 10 lakhs but upto 2
crore
68. Hypothecation defined under which act : SARFAESI Act.
69. Npa Can Be Sold By Keeping For How Many Days : 2 Years
70. Remittance of FCNR(B) proceeds to III Party abroad – If AD satisfied, these can be
made on the request of the depositor.
71. Banks can accept NRE deposit from 1 year to 3 year and can accept beyond 3 years
also but the rate of interest payable beyond 3 years
72. CGFTMSE 80% coverage not available for : SC/ST
73. Oversold position will give loss when the value appreciating
74. Sengupta committee related to : Private sector contribution to defence sector
75. Radhakrishanan Committee related to : agriculture indebitedness.
76. The committee recommended concurrent audit : GHOSH COMMITTEE
77. CRR & Bank rates are :7.50 & 6.00
78. Repo rate is…………..and reverse repo rate is…………… : 7.75% & 6.00
79. Restructured a/c classified standard if the operation in the account is satisfactory for a
period of : one year
80. In case of failure of a customer to meet its commitment in settling his dues in time will
come under which type of risk : Settlement Risk
81. Which approach does not Operation Risk : internal risk assessment based
82. When an account becomes NPA and realizable value of security is ____ the account is
directly treated as loss asset : <10 %
83. ROI on adhoc PCL : Same Rate Of Normal PCL
84. Un Registered Partnership Firm - What is the repercussion: Firm can sue the others
 85. A cheque passed in a current account of an Un Registered Firm having insufficient
balance allow OD in the account without any instructions from the Firm. Bank has an FD,
whether bank can recover the amount of OD allowed in the account from the proceeds
of FD? : Yes
86. Whether Minor can nominate ? no
87. TDS not deducted what is the penalty and for what period: Bank to pay the amount with
interest @ 1% p.m. simple
88. Mr.A withdrew cash from the following three accounts maintained in your bank: SB –
Rs.100,000/-, Current – Rs.60,000/-, OD – 40,000/-. What is the amount of BCTT to be
deducted: 60/-
89. What charge to be created for demat shares with bank as security : Lien
90. Microsoft has instituted its base/ facility office at: Hyderabad
91. If the date under LC is mentioned as On or about 30.06.2007 – shipment will go within or
when.. (5 days before and 5 days after 30.6.07)
92. What is the position of a Nominee ?: The money will be paid to nominee after death of
depositor
93. Methodology of Waiver/Remission of loan of Director of the bank: After permission of
RBI
94. Under LRS how much money in 000 a resident can remit in year : US D 200000 in a
financial year.
95. For the purpose of Medical Treatment, how much amount can be remitted freely : USD
100000
96. How much amount a company can invest abroad : 400% of net worth
Courtesy:HB SAHOO, Senior Manager,STC-Kolkata, contact: himanshuiob@gmail.com