1. A Sub-Committee of the Central Board of the Reserve Bank was constituted to study issues and concerns in the MFI sector under the chairmanship of _____.
a) Ms Usha Thorat
b) Shri Y. H. Malegam
c) Ms Shyamala Gopinath
d) Shri Anand Sinha
e) None of the above
2. For a remittance of Rs 100,000 under NEFT how much maximum charges other than service tax can be charged by a bank to the remitter?
c) Rs 50
d) Rs 5 per thousand
e) None of these
3. With effect from 1st July 2010, interest rates of Banks are linked to which of the following?
a) Base Rate
b) Benchmark Prime Lending Rate
c) Bank Rate
d) Repo Rate
e) None of the above
4. Action under Sarfaesi Act can be taken by a bank in respect of which of the following types of advances?
a) Only Standard Assets
b) Only Sub Standard Assets
c) All NPAs
d) All NPAs except loss accounts
e) All NPAs except sub standard accounts
5. Royal Bank of Scotland based in London opens an account with State Bank of India in Mumbai in Indian Rupees. For SBI this account will be treated as_____.
a) Nostro account
b) Vostro account
c) Loro account
d) All of these
e) None of the above
6. Which of the following is correct regarding Operating Hours of NEFT?
a) NEFT operates in hourly batches - there are twelve settlements from 8 am to 7 pm on week
days and six settlements from 8 am to 1 pm on Saturdays.
b) NEFT operates in batches of 2 hours each – there are seven settlements from 9 am to 5 am on week days and five settlements from 9 am to 1 pm on Saturdays.
c) NEFT operates in batches of one hour and two hour – there are nine settlements from 9 am to 5 am on week days and three settlements from 9 am to 12 pm on Saturdays.
e) None of the above
7. For coverage under Priority Sector, how much maximum amount can be granted as educational loan for education in India and education abroad?
a) Rs 10 lakh, Rs 20 lakh
b) Rs 10 lakh, Rs 10 lakh
c) Rs 4 lakh, Rs 10 lakh
d) Rs 7.5 lakh, Rs 15 lakh
e) None of these
8. Balance Sheet of a firm indicates which of the following?
a) Profit or Loss over a period.
b) Financial position of the unit over a period.
c) Financial position of the unit as on a particular date.
d) Position of assets and liabilities over a period of time.
e) None of the above
9. What is the maximum charge excluding service tax and time varying tariff that can be charged by a bank for remittance of more than Rs 5 lakh through RTGS?
a) Rs 25
c) Rs 100
d) All of these
e) None of the above
10. As per RBI directives, the limit for not obtaining collateral security in case of advance to micro and small enterprises is Rs______.
a) Rs 1 lac
b) Rs 2 lac
c) Rs 5 lac
d) Rs 10 lac
e) Rs 25 lac
11. In the case of agricultural advances, banks shall not obtain collateral security for loans up to ________.
a) Rs 25,000
b) Rs 50,000
c) Rs 100,000
d) Rs 200,000
e) None of these
12. In case of short term production credit to farmers up to Rs 3 lac, what is the rate of interest subvention for 2014-15?
e) None of the above
13. Interest on Saving Bank deposits is calculated on the basis of ____________with effect from 1st April 2010.
a) Daily Product basis
b) Minimum balance between 5th and last day of the month.
c) Minimum balance between 10th and last day of the month.
d) Monthly Product basis
e) None of the above
14. Which type of crossing restricts transferability of a cheque?
a) Special Crossing
b) Not Negotiable Crossing
c) Account Payee Crossing
d) Both (b) and (c) only
e) None of the above
15. Which of the following is not true about Equitable Mortgage?
a) It is created by Deposit of title deeds.
b) Title Deeds can be deposited by Mortgagor or his authorized agent.
c) Title Deeds can be deposited at Mumbai, Kolkata, Chennai or any other place notified by State Government.
d) It can be only in respect of property located in urban areas
e) None of the above
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