FT June\'23 - Kumbakonam - Part A

Report Summary
Name : ARAVINDAN S
Your Score : 55 out of 100 (55%)
Correct Answers : 55 Questions
Incorrect Answers : 45 Questions
Unanswered : 0 Questions
Time Taken : 33 mins 19 secs
Date : Jun 04, 2023
Email : [email protected]
Phone No. : 9788081066
Employee ID : 7614
Branch Code : 682
Branch/Dept Name : Thirupapuliyur

Your Answers

Incorrect Points earned: 0 out of 1

Q1) The ceiling for availing credit guarantee for CGTMSE under Credit Guarantee
scheme has been enhanced to …………….
A. Rs. 5 crore (Correct)
B. Rs. 3 crore (Your Answer)(Incorrect)
C. Rs. 2.5 crore
D. Rs. 4 crore

Incorrect Points earned: 0 out of 1

Q2) Under Sovereign Gold Bond (SGB) Scheme a fixed rate of _____ p.a. is applicable
on the scheme, payable ……………………..
A. 2 ; Monthly
 B. 2.5 ; Monthly
C. 2.5 ; Quarterly (Your Answer)(Incorrect)
D. 2.5 ; Semi-annually (Correct)

Correct Points earned: 1 out of 1

Q3) Maximum period for which Term Deposit Receipt in FCNR[B] can be accepted?
A. 1 year
B. 3 years
C. 5 years (Your Answer)(Correct)
D. 10 years

Incorrect Points earned: 0 out of 1

Q4) In case the individual receiving the money has not filed income tax return for three
years immediately preceding the year, then the TDS is 2 percent on the cash
payments/withdrawals of more than Rs. …………… lakh and up to Rs 1 crore, and
……………. percent for withdrawal exceeding Rs 1 crore.
A. 10 ; 3 (Your Answer)(Incorrect)
B. 10 ; 5
C. 20 ; 3
D. 20 ; 5 (Correct)

Incorrect Points earned: 0 out of 1

Q5) The leftover items/contents of locker kept in joint custody are not claimed by the
parties for more than ………………., the same shall be ………………. after prior
intimation to the Central Office.
A. 5 years, auctioned and absorbed as profits
B. 3 years, handed over to Police Authorities (Correct)
C. 2 years, auctioned and transferred to RBI as DEAF (Your Answer)(Incorrect)
D. None of the given choices are correct

Correct Points earned: 1 out of 1

Q6) Target for Weaker section loan are …................ percent of ANBC for the year
 2023-24.
A. 10
B. 5
C. 11.5
D. 12 (Your Answer)(Correct)

Correct Points earned: 1 out of 1

Q7) Cash sales = Rs. 35,000, Credit Sales = Rs. 40,000, Cost of Goods Sold = Rs.
52,000 and Expenses on Sale = Rs. 6,700. Find value of Net Profit.
A. Rs. 15,500
B. Rs. 16,000
C. Rs. 15,000
D. Rs. 16,300 (Your Answer)(Correct)

Incorrect Points earned: 0 out of 1

Q8) In case of death of a current account holder, individual depositor or sole

proprietorship concern, for the balances lying in his current account interest from
the date of death of the depositor till the date of repayment to the claimant/s at the
rate of ………………….. as on the date of payment, shall be paid.
A. interest applicable for term deposit
B. interest applicable for saving deposit (Correct)
C. no interest to be paid (Your Answer)(Incorrect)
D. None of the given choices are correct

Correct Points earned: 1 out of 1

Q9) Find out among the following, the one which is not a suspicious transaction?
A. A transaction which has no relation with the declared business
B. Credits in small amounts from various sources and transfer of the amount in lump sum to another
account
C. High value remittance into an account followed by immediate withdrawal
D. Sudden use of unutilized balance in an OLCC account (Your Answer)(Correct)

Incorrect Points earned: 0 out of 1

Q10) A product that derives its value from the performance of underlying asset is
………………….
A. Derivatives (Correct)
B. Bonds
C. Shares
D. None of the given choices are correct (Your Answer)(Incorrect)

Correct Points earned: 1 out of 1

Q11) Net Working Capital is negative, when …...................................

A. Current Liabilities less than Current Assets
B. Current Liabilities greater than Current Assets (Your Answer)(Correct)
C. Current Liabilities equal Current Assets
D. None of the given choices are correct

Incorrect Points earned: 0 out of 1

Q12) Pari-passu charge is ……………..

A. Fixed charge
B. Floating charge
C. Charge on current assets (Your Answer)(Incorrect)
D. Charge in favor of many creditors on equal footing (Correct)

Correct Points earned: 1 out of 1

Q13) Safe custody of Articles is covered under which Act?

A. Indian Contract Act (Your Answer)(Correct)
B. Transfer of property Act
C. NegotiabIe Instrument Act
D. Banking Regulation Act

Incorrect Points earned: 0 out of 1

Q14) Debt equity ratio is 2:1, Long term liability = Rs. 20 Lakh, Loss= Rs. 2 Lakh. What
is the Tangible Net Worth?
 A. Rs. 8 Lakh (Correct)
B. Rs. 10 Lakh (Your Answer)(Incorrect)
C. Rs. 6 Lakh
D. Rs. 12 Lakh

Incorrect Points earned: 0 out of 1

Q15) Banks are required to maintain SLR under which act?

A. Section 24 of the Banking Regulation Act, 1949 (Correct)
B. Section 35 of the Negotiable Instrument Act, 1881
C. Section 24 of RBI Act, 1934 (Your Answer)(Incorrect)
D. Section 40 of Indian Contract Act, 1872

Correct Points earned: 1 out of 1

Q16) Our customer maintains an average balance of Rs. 10 Lakh in his savings bank
account. Currently, what is the interest rate for his SB account?
A. 3%
B. 4%
C. 3.5% (Your Answer)(Correct)
D. 5%

Correct Points earned: 1 out of 1

Q17) The new Foreign Trade Policy (FTP)-2023 is standing on which of the following
pillar?
A. Incentive to Remission & Ease of doing business, reduction in transaction cost and e- initiatives
B. Export promotion through collaboration - Exporters, States, Districts, Indian Missions
C. Emerging Areas – E-Commerce Developing Districts as Export Hubs and streamlining SCOMET
(Special Chemicals, Organisms, Materials, Equipment and Technologies) policy
D. All the given choices are correct (Your Answer)(Correct)

Incorrect Points earned: 0 out of 1

Q18) What is the Limitation period for filing suit for Personal liability of the mortgagor
(Borrower / Guarantor) in case of loans against mortgage of immovable properties
 except in case of Term Loans?
A. 3 years (Correct)
B. 12 years
C. 30 years
D. None of the given choices are correct (Your Answer)(Incorrect)

Incorrect Points earned: 0 out of 1

Q19) RBI has recently decided to allow issuance of prepaid payment instruments linked
to ……………. to foreign nationals and NRIs visiting India.
A. NEFT
B. RTGS
C. UPI (Correct)
D. IMPS (Your Answer)(Incorrect)

Correct Points earned: 1 out of 1

Q20) Garnishee Order is issued by ……………… whereas Attachment Order is issued

by …………………
A. Police Authorities; Courts
B. Courts; Income Tax Authorities (Your Answer)(Correct)
C. Income Tax Authorities; Courts
D. None of the given choices are correct

Incorrect Points earned: 0 out of 1

Q21) A digital certificate ………………

A. is an electronic message uniquely identifying the message sender (Your Answer)(Incorrect)
B. is a summary of a plain text document
C. is a reliable third party that authenticates the message sender
D. is used to identify the owner of a private key and related public key (Correct)

Incorrect Points earned: 0 out of 1

Q22) The rate at which RBI discounts approved Bill of Exchange is

 ……………………………
A. Bank Rate (Correct)
B. Interest Rate (Your Answer)(Incorrect)
C. Exchange Rate
D. Discount Rate

Correct Points earned: 1 out of 1

Q23) CERSAI has been set up under which Act?

A. SARFAESI Act (Your Answer)(Correct)
B. CGTMSE Act
C. Transfer of Property Act
D. CERSAI Act

Incorrect Points earned: 0 out of 1

Q24) What is/are the main aim of financial inclusion?

A. To maintain a certain quantity of liquid assets with themselves at any point of time of their total
time
B. To control money supply in the economy
C. To provide basic banking services to all sections of society in urban or rural areas at affordable
cost (Correct)
D. All the given choices are correct (Your Answer)(Incorrect)

Incorrect Points earned: 0 out of 1

Q25) Overdraft limit to Pradhan Mantri Jan-Dhan Yojana (PMJDY) account holders as
per limits and conditions will qualify as achievement of the target for lending to
………
A. Agriculture & allied activities (Your Answer)(Incorrect)
B. Micro Enterprises (Correct)
C. Small Enterprises
D. Social Infrastructure

Correct Points earned: 1 out of 1

Q26) As per the revised guidelines issued by RBI pertaining to Safe deposit locker, if
there is any event such as merger / closure / shifting of branch warranting physical
relocation of the lockers, the bank shall give public notice in two newspapers
[including one local daily in vernacular language] in this regard and the customers
shall be intimated atleast ……………… months in advance along with options for
them to change or close the facility.
A. 1
B. 2 (Your Answer)(Correct)
C. 3
D. 5

Correct Points earned: 1 out of 1

Q27) Overdue of loans from 61 days to 90 days is categorized under ………………

A. SMA-1
B. SMA-2 (Your Answer)(Correct)
C. SMA-0
D. NPA

Incorrect Points earned: 0 out of 1

Q28) The total assets in a Balance Sheet is Rs.300 Lakh. Tangible Net worth is Rs.50
Lakh. Current Assets and Current Ratio are Rs.200 Lakh and 2: 1. What is DER
(Debt Equity Ratio)?
A. 2:1
B. 3:1 (Correct)
C. 1:1
D. 1.5:1 (Your Answer)(Incorrect)

Correct Points earned: 1 out of 1

Q29) Under COPRA, the Pecuniary Jurisdiction in case of District Forum is upto
Rs..…………
A. 25 Lakh
B. 30 Lakh
C. 40 Lakh
D. 50 Lakh (Your Answer)(Correct)
Correct Points earned: 1 out of 1

Q30) In case of OTS, “sacrifice” means difference between ……………………

A. Book outstanding and compromise offer
B. Contractual dues and compromise offer (Your Answer)(Correct)
C. Suit filed amount and compromise offer
D. Principal amount and compromise offer

Correct Points earned: 1 out of 1

Q31) A loan has been given to a limited company against hypothecation of stocks.
Company is required to get the charge registered in ………………….
A. Sub-Registrar Office
B. Registrar of Firms
C. Registrar of Companies (Your Answer)(Correct)
D. Notified Centres

Correct Points earned: 1 out of 1

Q32) EDPMS stands for ………………………………….

A. Exchange Data Processing and Monitoring System
B. Export Declaration and Production Management System
C. Export Declaration and Production Monitoring System
D. Export Data Processing and Monitoring System (Your Answer)(Correct)

Incorrect Points earned: 0 out of 1

Q33) A customer had given stop payment instruction to Bank, but cheque was paid due
to bank's mistake. Then customer account should be credited ………………….
A. Immediately (Correct)
B. Within 7 days (Your Answer)(Incorrect)
C. Within 21 Days
D. No need to credit

Incorrect Points earned: 0 out of 1

Q34) An import bill drawn under Usance Letter of Credit, not retired by the importer
should be crystallized by the Bank on what day?
A. On 21st day from the due date
B. On the 10th day from the receipt of documents at the counters of the LC opening bank
C. On the expiry of five banking days (Your Answer)(Incorrect)
D. On the due date of the bill (Correct)

Incorrect Points earned: 0 out of 1

Q35) What is the relationship between Bank and Judgement Debtor when Garnishee
order is issued?
A. Creditor and Debtor
B. Debtor and Creditor (Correct)
C. Principal and Agent (Your Answer)(Incorrect)
D. No Banker-Customer Relationship

Correct Points earned: 1 out of 1

Q36) Expansion of SWIFT is ………………

A. Society for Worldwide Interbank Financial Telecommunications (Your Answer)(Correct)
B. Security for Worldwide Interbank Financial Telecommunications
C. Secured for Worldwide Interbank Financial Telecommunications
D. Safety for Worldwide Interbank Financial Telecommunications

Correct Points earned: 1 out of 1

Q37) KVIC has recently decided to consider PMEGP units engaged in activities of
“Animal Husbandry” under the ‘services sector' with the maximum project cost
eligible for subsidy under the scheme shall be limited to ………………….
A. Rs. 100 Lakh
B. Rs. 20 Lakh for 1st Loan only (Your Answer)(Correct)
C. Rs. 50 Lakh for 1st Loan only
D. None of the given choices are correct

Incorrect Points earned: 0 out of 1

Q38) An export bill is taken for collection by the bank. The exchange rate applied for the
transaction will be …………………..
A. Bill buying rate as on the date of realization of the bill (Your Answer)(Incorrect)
B. Bill selling rate as on the date of sending the bill for collection
C. TT buying rate as on the date of sending the bill for collection
D. TT buying rate as on the date of realization of the bill (Correct)

Correct Points earned: 1 out of 1

Q39) Physical movement of goods and services from India to other countries and vice-
versa is regulated by …………………….
A. Foreign Trade Policy (Your Answer)(Correct)
B. Monetary Policy
C. Customs Policy
D. Exchange Control Regulations

Incorrect Points earned: 0 out of 1

Q40) If on the death of the depositor, a nominee and the legal heir holding succession
certificate make their claims simultaneously,
A. The settlement should be made in favor of the nominee within the period stipulated by Reserve
Bank of India (Your Answer)(Incorrect)
B. The settlement should be made in favor of the legal heir
C. The Bank should take note of the claim of the legal heir and advise him / her to bring a competent
court injunction restraining the bank from effecting payment to the nominee (Correct)
D. None of the given choices are correct

Correct Points earned: 1 out of 1

Q41) One person Company (OPC) can be incorporated in India by ………………………

A. Resident Indian
B. Non-Resident Indian
C. Foreign National
D. Both Resident and Non-Resident Indian (Your Answer)(Correct)

Correct Points earned: 1 out of 1

Q42) In EEFC non-interest bearing current accounts, resident individuals are permitted
to include resident close relative as Joint holder with the following mandate of
………………….
A. To be operated jointly
B. Either or Survivor basis
C. Former or Survivor basis (Your Answer)(Correct)
D. No joint account is permitted and only in single name

Correct Points earned: 1 out of 1

Q43) As per newly introduced Companies [Amendment] Ordinance 2019 of Section

10(A), “Any company incorporated on or after 02.11.2018 ………………
A. would not be required to obtain Certificate of Commencement of Business, if CIN/ DIN available”
B. would be required to obtain Certificate of Commencement of Business, if CIN/ TIN not available”
C. would be required to obtain Certificate of Commencement of Business before commencement of
business”
D. would be required to obtain Certificate of Commencement of Business within 180 days of the
date of incorporation” (Your Answer)(Correct)

Correct Points earned: 1 out of 1

Q44) Net Interest Margin is defined as …………………………………

A. Total interest Income / Avg. Interest Earning Assets
B. Net Interest Income / Avg. Interest Earning Assets (Your Answer)(Correct)
C. Interest Income (-) Interest Expenses
D. None of the given choices are correct

Incorrect Points earned: 0 out of 1

Q45) Which section of SARFAESI Act mandates District Magistrate/Chief Metropolitan

Magistrate to deliver possession of a security asset within 30 days, extendable to
an aggregate of 60 days to secured creditors?
A. Section 12 (Your Answer)(Incorrect)
B. Section 14 (Correct)
C. Section 16
D. Section 18
Incorrect Points earned: 0 out of 1

Q46) Threshold limit for monitoring of accounts to prevent illegal activities is fixed as
…………………….
A. Twice the declared annual income of individuals (Your Answer)(Incorrect)
B. Twice the annual sales/receipts of entities
C. Twice the declared annual income of individuals and twice the annual sales/receipts of entities
(Correct)
D. All the given choices are incorrect

Correct Points earned: 1 out of 1

Q47) Value of asset can become zero in ……………….. method.

A. Straight line (Your Answer)(Correct)
B. Written down
C. Sinking fund
D. Insurance policy

Incorrect Points earned: 0 out of 1

Q48) Abbreviation for UCPDC is ……………………..

A. Uniform Customs & Practice for Documentary Credits (Correct)
B. Uniform Codes & Practice for Documentary Credits (Your Answer)(Incorrect)
C. Uniform Customs & Procedures for Documentary Credits
D. Uniform Customs & Practice for Domestic Credits

Incorrect Points earned: 0 out of 1

Q49) Can Karta of HUF appoint Agent or delegate the powers to other co – parcener?
A. Yes, Karta of HUF can do so (Correct)
B. No, Karta cannot appoint Agent or delegate the powers to other person including Co-parcener
(Your Answer)(Incorrect)
C. Yes, Karta of HUF can do so with the consent of other co-parcener
D. Karta of HUF can appoint Agent or delegate the powers to other third person, but not to co-
parcener
Correct Points earned: 1 out of 1

Q50) You have a Savings Bank account with balance outstanding of Rs. 5 Lakh. A
public prosecutor visits the Bank and tells you that there is a court case against
account holder and so the operations in the account should be stopped. What will
you do as a Banker?
A. The court orders have to be obeyed
B. We will ask him to give written instructions, which will be complied with
C. No, it has no impact on account (Your Answer)(Correct)
D. Operations can be stopped after informing the customer

Correct Points earned: 1 out of 1

Q51) DSCR is to find out the capacity of the unit in terms of profit to repay
……………….
A. Annual Interest debited in term loan
B. Annual interest debited in term loan and OLCC
C. Annual interest and instalments debited in the existing term loans
D. Annual interest and instalments debited in the existing & proposed term loans (Your
Answer)(Correct)

Correct Points earned: 1 out of 1

Q52) The funds that are set aside by the Banks as fraction to the loans known as
………….
A. NPA Coverage Ratio
B. Loan Default Ratio
C. Provisioning Coverage Ratio (Your Answer)(Correct)
D. Credit Exposure Ratio

Correct Points earned: 1 out of 1

Q53) Under “Central Scheme to provide Interest Subsidy (CSIS) on Education Loans to
EWS students", the benefit of subsidy is applicable to the student belonging to
economically weaker sections, having parental income upper limit of .......... per
year (from all sources).
A. Rs. 4.00 Lakh
 B. Rs. 4.50 Lakh (Your Answer)(Correct)
C. Rs. 5.00 Lakh
D. None of the given choices are correct

Incorrect Points earned: 0 out of 1

Q54) As per latest Government of India guidelines, in case of an upward change in

terms of investment in plant and machinery or equipment or turnover or both, and
consequent re-classification, an enterprise shall continue to avail of all non-tax
benefits of the category it was in before the re-classification, for a period of
………………..
A. 3 years (Correct)
B. 1 year (Your Answer)(Incorrect)
C. 6 months
D. 18 months

Correct Points earned: 1 out of 1

Q55) As per RBI, LEI (Legal Entity Identifier) is mandated for all transactions through
RTGS and NEFT for amount of ……………………
A. Rs. 50 Lakh & above
B. Rs. 50 Crore & above (Your Answer)(Correct)
C. Rs. 5 Crore & above
D. Rs. 10 Crore & above

Correct Points earned: 1 out of 1

Q56) As per extant guidelines, Banks shall not open Savings accounts in the name of
the following except ………………………
A. Municipal Corporations & Panchayat Samitis
B. State Housing Boards
C. Drainage Boards
D. Trust (Your Answer)(Correct)

Correct Points earned: 1 out of 1

Q57) If there is no liability, then ………………………….
A. Asset > Capital
B. Asset
C. Asset = Capital (Your Answer)(Correct)
D. None of the given choices are correct

Incorrect Points earned: 0 out of 1

Q58) A cheque is presented in clearing in the current account of Mr. Gowtham. The
balance in the account was not sufficient to cover the cheque. Considering the
good conduct of the account the bank passed the cheque by allowing overdraft
(OD). Mr. Gowtham later refused to adjust the overdraft. The bank also has one
FDR in Mr. Gowtham's name which has matured. The bank now wants to adjust
the balance of OD a/c by setoff to FDR a/c. Which of the following options is
correct in this case?
A. Bank has a right of set-off (Correct)
B. Since OD was created by bank, it cannot use the right of set-off
C. Bank cannot create OD of its own (Your Answer)(Incorrect)
D. Right of Set off cannot be used in FDR Accounts

Correct Points earned: 1 out of 1

Q59) What is the cut-off limit for Re-KYC updation for Medium risk customers?
A. 1 year
B. 2 years
C. 8 years (Your Answer)(Correct)
D. 10 years

Correct Points earned: 1 out of 1

Q60) As directed by Reserve Bank of India, the bank should settle the claims in respect
of deceased customer to the nominee(s) within a period not exceeding
……………. from the date of receipt of the claim subject to the production of the
proof of death of the depositor and suitable identification of the claim(s), to the
bank's satisfaction.
A. 45 days
B. 30 days
C. 15 days (Your Answer)(Correct)
 D. 60 days

Correct Points earned: 1 out of 1

Q61) As per the provisions of which act, all Financial Institutions have to maintain a
record for all form of transactions?
A. Companies Act, 1956
B. Credit Information (Companies Regulation Act, 2005)
C. Information Technology Act, 2000
D. PMLA Act, 2002 (Your Answer)(Correct)

Correct Points earned: 1 out of 1

Q62) The document that contains the internal rules and regulations of a company in
……………………
A. Memorandum of Association
B. Articles of Association (Your Answer)(Correct)
C. Board Resolution
D. Deed of Ownership

Correct Points earned: 1 out of 1

Q63) Money Laundering stages involve ……………………

A. Placement, Distribution, Accumulation
B. Investment, Layering, Accumulation
C. Placement, Layering, Integration (Your Answer)(Correct)
D. Placement, Investment, Distribution

Correct Points earned: 1 out of 1

Q64) `A' issues a cheque for Rs.10,000/- to M/s. R.K charitable trust as donation. The
cheque was returned unpaid with reason – “Stop Payment by Drawer”.
A. The Trust can file a criminal complaint under sec-138 of N.I Act
B. No criminal complaint can be filed as the cheque was not issued for any discharge of liability
(Your Answer)(Correct)
C. Criminal complaint can be filed only if it was returned for the reason ? Funds Insufficient
 D. None of the given choices are correct

Correct Points earned: 1 out of 1

Q65) NPCI means ……………………….

A. National Payments Corporation of India (Your Answer)(Correct)
B. National Payments Committee of India
C. Net Payment Corporation of India
D. None of the given choices are correct

Incorrect Points earned: 0 out of 1

Q66) What is the maximum investment (In terms of KGs of Gold) under Sovereign Gold
Bond scheme in a Financial Year can be done by an Individual/HUF and other
than an Individual/HUF?
A. 4 KG and 20 KG (Correct)
B. 4 KG and 10 KG
C. 1 Gram and 4 KG
D. 2 KG and 20 KG (Your Answer)(Incorrect)

Incorrect Points earned: 0 out of 1

Q67) What will be the impact of reduction in SLR or CRR?

A. Liquidity will increase resulting Banks lending funds will be decreased
B. Liquidity will decrease resulting in more funds available to Banks for lending (Your
Answer)(Incorrect)
C. Liquidity will increase resulting in more funds available to Banks for lending (Correct)
D. Liquidity will decrease resulting Banks lending funds will be decreased

Correct Points earned: 1 out of 1

Q68) A Loan account has an outstanding exposure of Rs. 5 crore and it is considered
as ‘Loss Asset'. The value of security attached to the account is Rs. 50 Lakh.
What is the amount of Provisioning the Bank needs to make?
A. Rs. 4 crore
B. Rs. 5 crore (Your Answer)(Correct)
 C. Rs. 1.25 crore
D. Rs. 2.25 crore

Correct Points earned: 1 out of 1

Q69) What is Shishu?

A. This is first category under MUDRA scheme where upto Rs. 50000/- loan limit can be financed
(Your Answer)(Correct)
B. This is loan product designed by our bank for minors
C. Online portal for student to open ZERO balance account
D. Deposit account up to Rs.50000

Incorrect Points earned: 0 out of 1

Q70) If outstanding housing loan balance is Rs. 25 Lakh and excluding interest and
other charges of Rs. 5 Lakh and the realisable value of security is Rs. 40 Lakh,
the LTV ratio is ………..
A. 62.5 percent
B. 50 percent
C. 75 percent (Correct)
D. Data is insufficient (Your Answer)(Incorrect)

Incorrect Points earned: 0 out of 1

Q71) Which Bank has launched India's first voice biometric authentication banking app?
A. HDFC Bank
B. CITI Bank (Your Answer)(Incorrect)
C. None of the given choices are correct (Correct)
D. ICICI Bank

Correct Points earned: 1 out of 1

Q72) In a Cash Credit Account, the limit is Rs.2,00,000/- and the Stock Statement
shows the Value of Stock is Rs. 3,00,000/- out of which Rs.1,00,000/- is obtained
on credit. If the margin is 25% the Value of Drawing Power will be …………..
A. Rs. 1,95,000
 B. Rs. 2,25,000
C. Rs. 1,50,000 (Your Answer)(Correct)
D. Rs. 2,00,000

Correct Points earned: 1 out of 1

Q73) Agency which purchases NPA from Banks is called ………….

A. Asset Recovery Company
B. Asset Reconstruction Company (Your Answer)(Correct)
C. NPARC- NPA recovery Companies
D. Asset Rehabilitation Company

Correct Points earned: 1 out of 1

Q74) 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.
A. 30 days
B. 45 days
C. 60 days (Your Answer)(Correct)
D. 90 days

Incorrect Points earned: 0 out of 1

Q75) In Letter of Credit, exporter and importer is known as ………………………….

A. Opener and Beneficiary
B. Seller and Beneficiary
C. Beneficiary and Buyer (Your Answer)(Incorrect)
D. Beneficiary and Opener (Correct)

Incorrect Points earned: 0 out of 1

Q76) Under DEAF, any amount remained unclaimed for more than ……… years shall
be credited to this fund within a period of …..…. months from expiry of said period.
A. 3 years, 2 months
B. 5 years, 3 months
 C. 10 years, 3 months (Correct)
D. 10 years, 2 months (Your Answer)(Incorrect)

Incorrect Points earned: 0 out of 1

Q77) On which rate basis, overnight money is needed by Bank from RBI?
A. Marginal Standing Facility Rate (Correct)
B. Repo Rate (Your Answer)(Incorrect)
C. Call Rate
D. Standing Deposit Facility Rate

Incorrect Points earned: 0 out of 1

Q78) When the drawer or holder of a cheque draws two parallel transverse lines on the
face of the cheque with or without words ‘& Co' or ‘Not negotiable' it is called
…………………
A. Special Crossing (Your Answer)(Incorrect)
B. General Crossing (Correct)
C. Stale Crossing
D. Post-dated Crossing

Correct Points earned: 1 out of 1

Q79) Limitation period for equitable mortgage loan is …………………….

A. 12 years from the date of mortgage deed
B. 14 years from the date of mortgage deed
C. 12 years from the date of due date of the loan (Your Answer)(Correct)
D. 3 years from the date of mortgage deed

Correct Points earned: 1 out of 1

Q80) We should not open the Current Account for the customers who are having
running account facility/limit of ………………. with other Banks.
A. Rs.5 Crore and above (Your Answer)(Correct)
B. Rs.1 Crore and above
C. Rs.10 Lakh and above
 D. None of the given choices are correct

Correct Points earned: 1 out of 1

Q81) ECGC provides ………………………

A. Guarantee to Banks and insurance to exporters (Your Answer)(Correct)
B. Guarantee to exporters and insurance to bankers
C. Only guarantee to bankers
D. Only insurance to exporters

Incorrect Points earned: 0 out of 1

Q82) A cheque dated 31st June 2023, is presented for payment to Bank on 30th June
2023. What should the Bank do?
A. Bank can pay the cheque on 30th June 2023, if otherwise in order (Correct)
B. Bank can pay the cheque only on 01st July 2023, if otherwise in order
C. Bank cannot pay the cheque since the cheque bears non-existence date
D. Bank can return the cheque reason ?ante ?dated cheque? (Your Answer)(Incorrect)

Correct Points earned: 1 out of 1

Q83) Components of KYC policy are …………………………. (i) Customer Identification

Procedure (ii) Risk Management (iii) Customer Profile (iv) Customer Acceptance
Policy
A. I, II, III, IV are correct
B. I & III are correct
C. I, II & IV are correct (Your Answer)(Correct)
D. I & IV are correct

Correct Points earned: 1 out of 1

Q84) Margin stipulated in Tandon Committee-II lending method for deduction from
Working Capital Gap is ……………
A. 5 percent of Net Working Capital
B. 25 percent on Current Assets (Your Answer)(Correct)
C. 20 percent on Working Capital Gap
 D. 25 percent on Working Capital Gap

Incorrect Points earned: 0 out of 1

Q85) A bearer cheque payable to Ratan Singh is endorsed by him in blank and
delivered to Lakhan Singh. Mr.Lakhan Singh adds the following above blank
endorsement made by Ratan Singh “Pay Magan Singh or order” and handed over
the cheque to Mr. Magan Singh. Which of the following is correct?
A. The cheque is rendered invalid as there is a material alteration
B. Mr. Lakhan Singh is only liable if the cheque is dishonored (Your Answer)(Incorrect)
C. Mr. Ratan Singh is only liable if the cheque is dishonored
D. The cheque is valid and Mr. Lakhan Singh incurs no liability as an endorser (Correct)

Correct Points earned: 1 out of 1

Q86) As per the recent amendment in KYC norms, who are the Beneficial owners in
case of a company?
A. Natural persons who whether action alone or together or through one or more Juridical person
who has / have ownership of / entitlement to more than 10% of the shares of the company
B. Natural persons who whether acting alone or together or through one or more juridical person
who has / have ownership of / entitlement to more than 10% of the profit of the company
C. Natural persons who whether acting alone or together or through one or more juridical person
who has / have ownership of / entitlement to more than 10% of the capital of the company
D. All the given choices are correct (Your Answer)(Correct)

Correct Points earned: 1 out of 1

Q87) The sales less variable cost is called contribution. If contribution is equal to fixed
cost, then it means ……………………..
A. The variable expenses will increase
B. The fixed expense will remain constant
C. There will be no profit or loss (Your Answer)(Correct)
D. All of the given options are correct

Correct Points earned: 1 out of 1

Q88) In INCOTERMS 2020, the term DPU (Delivered at Place Unloaded) is new and
 replaces ……………….. with respect to INCOTERMS 2010?
A. DAT (Delivered At Terminal) (Your Answer)(Correct)
B. DAP (Delivered At Place)
C. DDP (Delivery Duty Paid)
D. CPT (Carriage Paid To)

Incorrect Points earned: 0 out of 1

Q89) An order cheque can be transferred by .....................

A. Endorsement (Your Answer)(Incorrect)
B. Delivery
C. Endorsement and Delivery (Correct)
D. Mere Delivery

Correct Points earned: 1 out of 1

Q90) Lenders shall report credit information, including classification of an account as

SMA to CRILC, on all borrowers having aggregate exposure of Rs. 5 crore and
above with them. CRILC stands for?
A. Central Repository of Information on Large Credits (Your Answer)(Correct)
B. Central Repository of Information on Large Credit accounts
C. Centralized Repository of Information on Large Credits
D. Central Repository of Informatics on Large Credits

Incorrect Points earned: 0 out of 1

Q91) ……………….. is an examination and evaluation of a firm's or individual's financial

information for use as evidence in the Court of Law.
A. Tax Audit (Your Answer)(Incorrect)
B. Forensic Audit (Correct)
C. Revenue Audit
D. Legal Audit

Correct Points earned: 1 out of 1

Q92)
 Profit Before Tax = Rs. 120 Lakh, Tax paid = Rs. 20 Lakh, Annual installment of
Term Loan= Rs. 70 Lakh, Interest on Term Loan = Rs. 30 Lakh, Depreciation= Rs.
20 Lakh. Find out the DSCR.
A. 1.5 : 1 (Your Answer)(Correct)
B. 2.5 : 1
C. 2.6 : 1
D. 1.6 : 1

Incorrect Points earned: 0 out of 1

Q93) Who are the owners of a Public Limited Company?

A. Directors of the company
B. Shareholders (Correct)
C. Government of India (Your Answer)(Incorrect)
D. None of the given choices are correct

Incorrect Points earned: 0 out of 1

Q94) What is the break-even point in terms of sales? Projected sales = Rs. 120; Fixed
costs = Rs.20; Variable costs = Rs.80; Profit = Rs.10
A. Rs. 100
B. Rs. 60 (Correct)
C. Rs. 40 (Your Answer)(Incorrect)
D. Rs. 12

Correct Points earned: 1 out of 1

Q95) RBI has recently increased minimum networth requirement for an ARC to
…………………. and the same is to be achieved by March 31, 2026.
A. Rs. 100 crore
B. Rs. 500 crore
C. Rs. 200 crore
D. Rs. 300 crore (Your Answer)(Correct)

Incorrect Points earned: 0 out of 1

Q96) What is an impersonal Collateral security?
A. Security in the shape of intangible
B. Collateral security given by third party (Correct)
C. Guarantee provided for securing the death
D. Collateral security given by the borrower but in the shape of goodwill (Your Answer)(Incorrect)

Incorrect Points earned: 0 out of 1

Q97) Appeal by the drawer against conviction under Section 138 of the NI Act (cheque
bounce), the appellate court may order the appellant to deposit such sum which a
minimum of shall be twenty percent of the fine or compensation awarded by the
trial court, under which of the following?
A. Section 138 of NI Act, 1881
B. Section 142 of NI Act, 1881 (Your Answer)(Incorrect)
C. Section 66 of NI Act, 1881
D. Section 148 of NI Act, 1881 (Correct)

Incorrect Points earned: 0 out of 1

Q98) Banking company means any company which transacts the business of
…………………..
A. Banking only (Correct)
B. Banking and Insurance
C. Banking and Marketing
D. Banking, Insurance and Marketing (Your Answer)(Incorrect)

Incorrect Points earned: 0 out of 1

Q99) Which Banker gets protection under section 85 of Negotiable Instrument Act,
1881?
A. Collecting Banker
B. Paying Banker (Correct)
C. Issuing Banker
D. Collecting Banker and Paying Banker (Your Answer)(Incorrect)

Correct Points earned: 1 out of 1

 Q100) Which is the correct statement with regard to Trial Balance?
A. All expenses and income will be shown as Debit Balance
B. All expenses and liabilities will be shown as Credit Balance
C. All Assets and Expenses will be shown as Debit Balance (Your Answer)(Correct)
D. All Assets and Liabilities will be shown as Credit Balance

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