MARGADARSHINI A GUIDE FOR PROMOTION ASPIRANTS
STATE BANK LEARNING CENTRE, SECUNDERABAD
1 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
Dear Colleagues,
I am happy to release the new in-house publication “MARGADARSHINI” – a guide for promotion aspirants” by State Bank Learning Centre, Secunderabad.
The book will benefit the candidates who are aspiring for the ensuing promotions.
I am sure that this book will enrich the knowledge of our Staff and will be helpful to those appearing in the coming promotional examinations.
I compliment the entire team of SBLC, Secunderabad and all others associated with the publication of “MARGADARSHINI-2017”- a Guide for promotion aspirants.
I wish you all the best in your endeavors.
HARDAYAL PRASAD Chief General Manager Local Head Office TELANGANA CIRCLE DATE: 19.06.2017
2 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
INDEX
S.NO. TOPIC
1. EXAMINATION PATTERN
2. KYC,AML,CFT, FATCA & CRS ORG STRUCTURE, FINANCIAL RESULTS & POLICY 3. GUIDELINES 4 CBS & TECHNOLOGY
5 PER SEGMENT LIABILITY PRODUCTS
6. GENERAL BANKING-I
7. GENERAL BANKING-II
8. GENERAL BANKING-III
9. SME ASSETS
10. AGRICULTURE FINANCE
11. PERSONAL SEGMENT ASSETS
12. HOME LOAN VARIANTS
13. CROSS SELLING
14. INTERNATIONAL BANKING
15. PRE & POST SANCTION
16. NPA MANAGEMENT
17. TECHNOLOGY & NPA MANAGEMENT
3 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
18. GENERAL AWARENESS-I
19. GENERAL AWARENESS-II
20. GOVT BUSINESS
21. DESCRIPTIVE – COMPREHENSION
22. DATA INTERPRETITION
23. RATIONALES-I
24. RATIONALES-II
25. FOR AND AGAINST
26. CORRESPONDENCE
27. SITUATIONAL ANALYSIS
28 MOCK-TESTS
4 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
EXAMINATION PATTERN STAFF:: AWARD WRITTEN TESTS FOR PROMOTION FROM CLERICAL CADRE TO JMGS-I UNDER TRAINEE OFFICER/ MERIT/NORMAL CUM SENIORITY CHANNEL:: TEST PATTERN (e-Circular: P&HRD. Sl. No. : 1119/2011 - 12Circular No. : CDO/P&HRD- IR/111/2011 – 12, March 19,2012.
5 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
6 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
STAFF: OFFICERS PROBATIONARY / TRAINEE / JMGS-I OFFICERS CONFIRMATION / PLACEMENT IN JMGS-I / MMGS-II COMMON WRITTEN TEST – EXAMINATION PATTERN e-Circular P&HRD. Sl. No. : 623/2014 – 15 Circular No. : CDO/P&HRD-CM/35/2014 - 15 Monday,August 25,2014.
7 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
STAFF: OFFICERS WRITTEN TESTS FOR PROMOTION TO MMGS-II/MMGS-III TEST PATTERN ( e-Circular P&HRD. Sl. No. : 20/2012 – 13 Circular No. : CDO/P&HRD- CM/1/2012 – 13, April 04,2012.
8 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
9 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
KYC / AML /_CFT PREPARED
1 Which of the following document is not a Officially Valid Document a) PAN Card b) Passport c) Ration Card d) Aadhar Card 2 Money Laundering defined in which section of Prevention of Money Laundering Act, 2002. a) Section 3 of PMLA Act b) Section 4 of PMLA Act c) Section 6 of PMLA Act d) Section 12 of PMLA Act 3 Key elements of KYC/AML/CFT policy a) Customer Acceptance b) Customer Identification c) Monitoring & Risk Management d) All of these 4 Expand CIF a) Customer Information Folder b) Credit Intermediary Folder c) Customer Information File d) Credit Information File 5 What is the periodicity for updation of KYC under Medium risk category customers a) 1 Year b) 2 Year c) 4 Year d) 8 Year 6 What is the periodicity for updation of KYC under High risk category customers a) 1 Year b) 2 Year c) 4 Year d) 8 Year 7 Partial Freezing refers to : a) Allowing all credits only in the b) Allowing all credits and debits in accounts the accounts c) Allowing all debits only in the d) Disallowing all credits and accounts debits 8 What is the total time given to customers for submitting KYC documents, failing which bank can exercising the option of ―Partial Freezing of the account‖ a) 1 Month b) 3 Months c) 6 Months d) 9 Months 9 AML / CFT Day in the Bank is observed every year on a) 1st July b) 1st August c) 1st September d) 2nd November 10 KYC Compliance and Fraud Prevention Day is observed every year on a) 1st July b) 1st August c) 1st September d) 2nd November 11 Risk Awareness Day is observed every year on a) 1st July b) 1st August c) 1st September d) 2nd November 12 RBI reviews their KYC policy every year on a) 1st July b) 1st August c) 1st September d) 2nd November 13 All in-operative accounts are classified as a) Low Risk Accounts b) Medium Risk Accounts c) High Risk Accounts d) No specific classification
10 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
14 Trust accounts are classified as a) Low Risk Accounts b) Medium Risk Accounts c) High Risk Accounts d) No specific classification 15 Our Bank‘s KYC/AML cell is at a) Mumbai b) Kolkata c) Jaipur d) Chennai 16 Anti Money Laundering Cell of the Bank has been established under the control of a) CGM (New Business) b) CGM (Inspection & Audit) c) CGM (CAG) d) CGM (Banking Operations) 17 What is the threshold limit fixed for salaried persons a) 1 month salary b) 2 months salary c) 3 months salary d) 6 months salary 18 Utility Bill should not be more than ______months old to be accepted as Proof of Residence a) 1 month salary b) 2 months salary c) 3 months salary d) 6 months salary 19 OVD stands for a) Official Valid Documents b) Officially Valid Documents c) Official Value Documents d) Officially Value Documents 20 OVD to be obtained as which ______Rule of PML Amendment Rules 2013 a) Rule 6 b) Rule 7 c) Rule 8 d) Rule 9 21 KYC documents of ―Non Face to Face‖ NRI customers to be got certified from : a) Banker (Our Branches / Offices / b) Notary Public Officers of Correspondent Banks c) Indian Embassy d) Any one from above 22 Required documents for opening a ―Small Account‖ a) Aadhar Card b) ID card issued by State Government Official c) One self attested Photo and d) Ration Card Affixation of Signature or Thumb impression on Account Opening Form 23 Please expand O.C.I a) Oil Corporation of India b) Overseas Citizen of India c) Officially Categorized Individual d) Other Country Individual 24 Students with Pakistan nationality need to obtain prior approval for opening of their accounts from ______: a) Respective Bank‘s KYC/AML b) Ministry of Home Affairs, GOI department c) Reserve Bank of India d) Finance Ministry, GOI 25 Which business unit is identified for establishing New / Renewing the correspondence relationship with Co-Operative Banks a) PBBU b) SMEBU c) GBU d) ABU
11 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
26 Cash Transaction Report (CTR) is prepared for transactions of : a) Cash Deposits of Rs.10 lacs and b) Cash Withdrawals of Rs.10 lacs above and above c) Cash Withdrawals and deposits of d) Cash Deposits of Rs.10 lacs Rs.10 lacs and above and above 27 What is withholding tax? a) An adhoc tax on all inward/outward b) An adhoc tax on all remittances in US inward/outward remittances in India c) An adhoc tax on all inward/outward d) An adhoc tax on all remittances in US for FATCA inward/outward remittances in Compliant countries US for FATCA Non-Compliant countries 28 US Indicia is basically a) Search Text b) US Market Index c) US Index for India d) US India Agreement for FATCA 29 All Transactions of ―Cross Border Wire Transfer Transactions‖ of Rs.______to be furnished to FIU-IND every month, if each a) Above Rs.1 lac b) Above Rs. 5 lac c) Above Rs.10 lacs d) Above Rs.100 lac 30 As per PML Act, any deficiency in filing the mandatory reports will attract penalty of ______a) Rs.5,000 per day per instance b) Rs.10,000 per day per instance c) Rs.25,000 per day per instance d) Rs.50,000 per day per instance
KEY TO ORGANISATIONAL STRUCTURE & POLICY GUIDLINES:
Q 1 2 3 4 5 6 7 8 9 10
ANS C A D C D B A C D B
Q 11 12 13 14 15 16 17 18 19 20
ANS C A B C C D C B B D
Q 21 22 23 24 25 26 27 28 29 30
ANS D C B C B C D A B B
12 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
ORGANISATION STRUCTURE, POLICY GUIDELINES & EFFICIENCY PARAMETERS
1 The following activities will not be undertaken by TFCPC:- a) Issue of Inland LC/BG b) Discounting of Export Bills c) Issue of Forex LC/BG d) Finance for trade 2 Corporate Centre is headed by a) Chief Vigilance Officer b) Chief Financial officer c) Chief Technological officer d) Chairman 3 Circles are headed by a) General Manager b) Chief General Manager c) Deputy Managing Director d) Deputy General Manager 4 Pillars of BPR branch Re-design a) Centralized Processing Centers b) Change in internal layout c) Delayering of decision making d) All the above. 5 National Banking Group Comprises of ______branches a) Metro b) Urban c) 16 Circle d) All the above 6 Strategic Training Unit (STU) is headed by a) CGM (L&D) b) DMD c) CTO d) All the above
7 Chief Vigilance Officer (CVO) reports to a) MD & CCRO b) DMD & CFO c) Chairman d) DMD & CDO 8 On recommendations of ---- Committee and through passing of an Act in parliament, Imperial Bank of India was renamed as State Bank of India on 1st July 1955. a) Gorewala b) Hilton Young Mission c) Kelkar d) Ranganathan 9 Corporate Head Chairman is supported in his functioning by ------MDs & ------DMDs a) 2,6 b) 4,10 c) 3,6 d) 4,7 10 SBI's Registered Office & Central Accounts Office is in ------a) Mumbai b) Kolkata c) Chennai d) New-Delhi 11 Which one of the following is not a Business Group a) National Banking Group b) Corporate Strategy & New Businesses c) Mid Corporate Group d) None of these 12 SBI growth in Deposits for the year 2016-17 is a) 18.14% b) 15.12% c) 20.25% d) 22.25%
13 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
13 Which one of the following is not one of the categories of the branch classified under Ambience Policy? a) Platinum b) Bronze c) Silver d) Copper 14 Cross Selling Department is a part of ------Group at Corporate Level a) NBG b) CAG c) RBU d) MCG 15 SBI Custodial Services Pvt Ltd is established in joint venture with______a) Society General, France b) Banca America c) FNS, Australia d) Mc Kensy 16 IT department at the Corporate Centre is headed by ______a) CGM (IT) b) GM (IT) c) DGM (IT) d) DMD (IT) 17 WBCC stands for? a) West Bengal Circle Credit b) World Bank Credit Committee Committee c) Wholesale Banking Credit d) Web Banking Circle Committee Committee 18 Grahak Miitra is positioned in______area of the Branch a) Customer Area b) Cash Department c) Employee Area d) SWO counter 19 Gross NPA of the Bank for the year 2016-17 is at a) Rs 98,172 cr b) Rs 56725 cr c) Rs 112343 cr d) Rs 58277 cr 20 SBI Life Insurance is a joint venture between the State Bank of India and ______a) BNP Paribas b) GE Capital c) IAG Australia d) Society General 21 SBI cards and Payment services Ltd is a joint venture with a) BNP Paribas b) GE Capital c) IAG Australia d) Indian Railway 22 SBI owns ____% of the total capital and IAG the remaining___%. By SBI General Insurance Company Ltd a) 55,45 b) 75,25 c) 74,26 d) 56,44 23 Zonal office was redesigned wef 01.11.2011. ------is the head of Zonal Office and his areas of supervisions are Business development, Supervision over branches, RBOs, CPCs,Credit & NPA Management, all reconciliation a) DGM b) DGM (Business & Operation) c) DGM (OPERATION) d) None of these 24 Customer Service Committee of the Board is headed by ------a) DMD & CCRO b) CHAIRMAN c) DMD & CFO d) CGM
14 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
25 Mid Corporate Group (MCG) primarily caters to the banking needs of Mid Corporate, credit requirements from a) Rs 50 Cr to 500 cr b) Rs 500 cr above c) Rs 5 cr to 10 cr d) Rs 10 cr to 20 cr 26 Gold Banking Business comes under which of the following Business group a) MCG b) CAG c) NBG d) IBG 27 BPR is introduced as per the recommendations of which consultancy organization a) Rangarajan Committee b) Narasimham Committee c) Mckinsey & Co d) Tata Consultancy Services 28. Stressed Assets Management Group (SAMG), has been set up to take over all NPAs with outstanding of Rs.------crore and above. a) 10 b) 20 c) 25 d) 50 29 The functionality of Loan Origination Software (LOS) refers to a) Designing a Loan Product b) Registration, Processing and using the software Generation of Loan Documents and tracking the status of Loan applications c) NPA Tracking d) None of these 30 Transaction Banking Unit has a special focus on ------. a) Cash Management Product, b) Trade Finance c) Supply Chain (Dealer/Vendor) d) All of these Finance 31 Identify the Pillars of BPR a) Branch Re-design, Sales Forces b) Centralised Processing Centers c) Alternate Delivery Channels d) All of these 32 CENMAC (Central Office Management Committee) of our Bank consists of a) CGM, CDO, MDs b) Chairman, MDs, DMDs c) MDs, DMDs, Circle CGMs d) None of these 33 Which of the following committee will look into and manage the reduction of liquidity and interest rate risk and optimization of returns? a) Asset Liability Management b) Inspection and Audit Committee Management System c) Bank Risk Management d) Corporate Risk Mitigation Committee Department 34 As per the revised Bank's organizational structure, The Regional Manager of a Region will directly report to a) DGM (O & C) b) DGM (B & O) c) GM (Net Work) d) CGM of the Circle
15 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
35 Which is the unit set up by Bank which performs the various services like receiving voice calls, emails, letters, complaints from the customers, in addition to accepting the requests for cheque book, fund transfer, bill payment etc. a) Liability Centralised Processing b) Contact Centre Center c) Complaint Centre d) Outbound Sales Force 36 Share of SBI in SBI payment services pvt ltd a) 74% b) 100% c) 86.18% d) 60% 37 What is the role of Document Archival Centre (DAC) under BPR? a) Decongest the Branches by b) Execution of Bank's Loan removing records maintenance Documents c) Printing of Bank's Loan d) None of these Documents 38 Average Cost of Deposits of the bank for the year 2016-17 is a) 8.72% b) 5.79 % c) 5.27% d) 6.25% 39 Net Profit of the bank for the year 2016-17 is a) 13102 cr b) 15891 cr c) 10484 cr d) 9951 cr 40 Gross NPA of the bank for the FY16-17 a) 5.73% b) 6.50% c) 3.75% d) 6.90% 41 Bank deposits stood at _____ for the year ended March 2017 ( in thousands) a) 15.76 Lac cr b) 17.30 Lac cr c) 16.27 Lac Cr d) 20.44 Lac cr 42 Capital Adequacy of the bank for the year ended 2017 under Basel III a) 13.11 b) 13.44 c) 12.92 d) 13.92 43 Provision coverage ratio of the bank for the year ended 2017 a) 62.86 b) 60.70 c) 65.95 d) 69.13 44 All State Bank employees, who joined after ______are covered under NPS. a) 01.07.2010 b) 01.04.2010 c) 01.08.2010 d) 01.01.2010 45 As per Bank Policy Guidelines ROA minimum targeted for FY 2017-18 is a) 0.90% b) 0.41% c) 0.55% d) 0.68% 46 As per Bank Policy Guidelines for FY 2017-18 recovery in AUCA is targeted at a) Rs 10,000 cr b) Rs 6,000 cr c) Rs 15,000 cr d) Rs 8,000 cr 47 As per Bank Policy Guidelines for FY 2017-18 Growth YOY in Deposits is targeted at a) 9% b) 18% c) 12% d) 15%
16 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
48 As per the policy guidelines of our Bank for 2017-18 what is the quantitative target for CASA- Minimum a) 9 % b) 21 % c) 18 % d) None of these 49 Return on equity of the bank for the year 2016-17 is a) 11.17 b) 7.74 c) 7.25 d) 15.94 50 Return on Asset of the Bank for the year 2016-17 is a) 0.41% b) 0.46% c) 0.55% d) 0.68%
KEY TO ORGANISATION STRUCTURE, POLICY GUIDELINES, EFFICIENCY PARAMETERS
Q 1 2 3 4 5 6 7 8 9 10 ANS D D B D D A C A B B Q 11 12 13 14 15 16 17 18 19 20 ANS B A D A A D C A C A Q 21 22 23 24 25 26 27 28 29 30 ANS B C B A A A C A B D Q 31 32 33 34 35 36 37 38 39 40 ANS D B A B B B A B C D Q 41 42 43 44 45 46 47 48 49 50 ANS D A C C C B A B C A
17 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
CBS & TECHNOLOGY 1 Centralized Data Base/Main Server for Core Banking Branches has been situated at: A Central Data Centre at Belapur, B SBIICM, Hyderabad Mumbai C FD, Kolkata D All LHO Headquarters 2 Which of the following company that has been entrusted with the work relating to customization, integration and pilot implementation of CBS is: - A TCS Ltd., India. B FNS, Australia C China Systems, Dubai D HP Systems, USA 3 Core Banking Solution-Hardware installed at CDC has been acquired from: A TCS Ltd. B PCS Ltd. C Wipro D HP Systems, USA 4 In CBS branches, after permanent transfer of a user, his/her ID will be transferred to his/her new branch by :- A The branch from where he/she is B The branch to which he/she is transferred transferred C CDC, Belapur, Navi Mumbai D Any of the above 5 Minimum alpha-numeric required for user's password in CBS is: A Five digits B Six digits C Seven digits D Eight digits 6 After How many unsuccessful attempts a teller locked out. A 5 B 6 C 4 D 3 7 Finance-one' software is available at CBS branches:- A On all the nodes B On one or two nodes- preferably BM/Acc. C On the node of officer entrusted with D None of the above UCO's powers 8 In Core Banking Solution, a 'Vault Teller' means: - A Cash Officer B Accountant/Joint Custodian C Branch Manager D All of the above 9 In case of failure of connectivity, the CBS branch: - A Cannot perform any function B Can perform limited functions available on OFFLINE Mode C Can perform functions only from a D ) None of the above separate node provided at the branch for the purpose
18 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
10 The first branch of State Bank of India where Core Banking was started is: A PBB-Chandigarh B PBB-Hyderabad C Hirannandani, Mumbai D PBB-Chennai 11 In CBS system, to move from one field to another, the user has to use undernoted options: A
19 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
19 Default password of ‗Service Desk‘ of CBS is: A Your P.F. Index B Your branch code
C SERVIDESK D servicedesk 20 Number of IRAC status codes for Loan Accounts in B@NCS24 is A 5 B 9
C 11 D 8 21 In CBS branch calendar WW is defined as a working day. Holidays are defined as A HL B HH
C HO D HY 22 Penal interest is applied on the CC account for the following four reasons: 1) The stock expires. 2) The limit expires. 3) The account is overdrawn. 4) Account not renewed. which statement is/are correct A Only 1 B 2&4 C 1&3 D All are correct 23 Internal Rating can be entered for the accounts, enjoying credit limits of Rs. ______and above. The rating also be entered at____ level in the CBS
A 25 & Account B 25 & CIF C 50 & Account D 50 & CIF
24 An enquiry screen has been developed for displaying the status of alternate channels like ATM, Internet Banking and SMS alert. ______is to be used for invoking this screen. A Ctrl+Shift+A B Ctrl+Shift+S
C F 5 D None of these 25 Online CIF creation is available in CBS for domestic regular SB account. Now the facility is being extended to______. A CSP customers B Corporate
C SHGs D All of these
20 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
26 Transfer of loan accounts by the Home Branch in CBS since restricted. Provision made for transfer of such accounts. Home branch change is to be done only by the ______. A Respective LHO B Respective RBO C Service desk D None of these 27 A new User Type _____ has been created to be used exclusively for branch level external/ statutory auditors A 23 B 72 C 33 D 53 28 Cheque debit transactions of Rs.______lacs and above will now be subjected to compulsory maker-checker process. A Rs. 5.00 B Rs.10.00 C Rs.3.00 lacs D None of these 29 A new mandatory field in CIF Creation /Amendment screen named as Current Country of Residence with a drop down values of all countries. The newly created field in CIF creation/amendment screen made available/visible only for the _____Customers. A Corporate B Non personal
C NRI D All of the above 30 Full form of the term GLIF is :- A General Ledger Information File B General Ledger Interface File
C General Ledger Internal Accounts D None of the above File 31 Data Entry is reduced from present ___ fields to ___ fields in the new look Roopantar A 8 , 6 B 7,5 C 4,2 D 6,4 32 In Roopantar branch search can be performed with search criteria of : Search Branch 1. by name, 2. branch code, 3. IFSC Code, 4. Pin Code A 2&4 B 1&3 C 1&4 D All of these
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33 Loan - EMI/Term/ Amount Calculator will be available to the teller with capability of A User type 40/45/50/60 and any B User type 01/45/50/60 and any capability capability C User type 01/ 40/50/60 and any D User type 01/ 40/45/50/60 and capability any capability 34 A facility is provided to set the priority of a transaction that has been posted in the queue. Maker can mark the ‗QUEUE‘ as a ‗ A PRIORITY QUEUE B URGENT QUEUE C IMPORTANT QUEUE D None of the above 35 All High Priority queues are highlighted with ______―color, however only when High priority queues are viewed (―View high priority txn‖ checked A Light Pink B Light green C Light red D Light blue 36 All latest promotions takes place in CBS available at A Service desk B Core banking dept C Circle alternate channel site D A&B 37 Al the user nodes in the branches needs to be upgraded with A IE.11 & Dot Net 4.5 Set up B IE.10 & Dot Net 4.0 Set up C IE.11 & Dot Net 4.0 Set up D IE.10 & Dot Net 4.5 Set up 38 An amount of Rs.______will be debited to the loan account towards charges for late/non payment of EMI/Instalment on monthly basis on last day of the month A Rs. 500/- B Rs.1000/- C Rs.1250/- D No such charges 39 If account has insufficient balance to recover the SC return charges, system would debit the account with whatever the balance available in the account and for the remaining amount, it would be parked separately and as and when account gets balance. The recovery of the charges to be_____ A Recovered manually B system will recover the remaining amount at EOD C SC not accepted in CBS D None of these
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40 Passing Officer/ Field Officer/ Divisional Manager/ Branch Head with User management rights will have the user type of____ A 40 B 45 C 50 D 60 41 All Tellers can create CIF, which requires authorization by a Checker with a minimum Capability Level of____ A 3 B 5 C 7 D 9 42 Under account segment code 0806 refers to A Per Dom Staff B Per Dom Public C Per NRI D C&I 43 Resultant balance to be selected in CBS for savings plus account will be Rs.______(for sweep) A 10000 B 15000 C 20000 D 25000 44 A facility provided to remit foreign remittance introduced in CBS name the product: A Fxout B Forexout C Foreign exchange out D No such facility in CBS 45 At the End of the Day (EOD), CGL Cash Balance (1204505001) should be equal to Branch BGL Cash Balance at Branches. A (98908+98912) B (98903+98902) C (98903+98912) D (98908+98902) 46 What is IBCH ? A In Bank Cash Handling B In Branch Cash Handling C In cash Dep‘t Box Handling D In Branch Box of cash 47 Every day, the Cash Officer will generate Teller by______for verification of his/her Cash from the following CBS : A Random Report B As per BM instructions C As per the Acct Choice D Any of these
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48 In fxout facility which of the following statement is/are correct? 1. Available for retail remittances only 2. Available to SBI account holders only 3. Max remittance limited to amount equivalent to INR 10 lacs 4. Centralized Processing at GMU-K 5. Available across all the branches A 1&5 B 2&4 C 1&4 D All of the above 49 In CBS, ______has been provided for initiating the de-duplication process A Screen No. 60466 B Screen No. 61460 C Screen No. 61466 D Screen No. 61406 50 CCOD and Loan Balance files of the branch are available under___folder A Transaction Reports B Adhoc Reports C Exception Reports D Other Reports 51 Name SBI deployed private cloud in ______2012 A SBI clout B Blue cloud C Meghdoot D Rajdoot 52 System Integrators for SBI aspirations A IBM B TCS C INFOSYS D TECH MAHINDRA 53 Online SMS alerts will triggered in respect of the following activities. I.SMS on LPG Subsidy II. TDS Deduction III. Credit Threshold Alert IV.SI Failure Alert V. Set Hold Alert A I&V B II&IV C I&III D All of the above 54 Can we Reopen erroneously closed deposit/ loan accounts? Who will provide the authorisaton in this regard? A No B Yes C With permission from RBO. D With permission from DGM B&O 55 Sever busy. Please try after some time ‗ error occurs when___ A Server is not started B server password is changed & the same is not set in FNSBANCS Link component services C Data connection lost D Any of the above
24 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
56 To enable the account statement , necessary changes along with email updation needs to be done in______A Deposit CCOD Accts B Amend Deposit Tab C Amend cust details>Misc details D All of these 57 Repayment options available in CBS are:1. EMI 2. Prin Eq Distrib 3.Negotiated repayment 4. Negotiated with repayment A 1&4 B 2&4 C 1&3 D All of the above 58 EOD in CBS is done by ------A Central Office, Mumbai B GITC, Belapur C Concerned Branch D Concerned LHO 59 Trace Number in CBS refers to? A Refers to CIF number rejected by B committed transactions that are CBS accepted in Database at CDC C Refers to clearing system of D None of these transactions that are rejected by CBS 60 A Transaction Group refers to a set______of that are available A Menus B Screens C List of users D None of these
25 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
STATE BANK LEARNING CENTRE, HYDERABAD KEY TO CBS & TECHNOLOGY
Q 1 2 3 4 5 6 7 8 9 10
A A A D A D D B B B C
Q 11 12 13 14 15 16 17 18 19 20
A D B C C C B D B D D
Q 21 22 23 24 25 26 27 28 29 30
A B D B A A C A A C B
Q 31 32 33 34 35 36 37 38 3.9 40
A C D D A A D C A B B
Q 41 42 43 44 45 46 47 48 49 50
A B C D A C B A D C A
Q 51 52 53 54 55 56 57 58 59 60
A C A D D B C D B B A
26 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
PER SEGMENT LIABILITY PRODUCTS
1 What is the Monthly Average Balance (MAB) to be maintained by Savings Bank Deposit customers located in Metro Centers? a) Rs.1000 b) Rs.2000 c) Rs.3000 d) Rs.5000 2 What is the Penalty if shortfall in MAB is <=50% in SB accounts in Metro centers? a) Rs.50 + Service Tax b) Rs.75 + Service Tax c) Rs.100 + Service Tax d) Rs.20 + Service Tax 3 What is the Monthly Average Balance (MAB) to be maintained by Savings Bank Deposit customers located in Rural Centers? a) Rs.1000 b) Rs.2000 c) Rs.3000 d) Rs.5000 4 What is the Penalty if shortfall in MAB is <=50% in SB accounts in Rural centers? a) Rs.50 + Service Tax b) Rs.75 + Service Tax c) Rs.100 + Service Tax d) Rs.20 + Service Tax 5 Number of free Cash Deposit Transactions allowed in SB Accounts in a Month : a) 3 b) 4 c) 5 d) 6 6 What are the charges in SB account, if the account is closed within 14 days from its opening date? a) Rs.50 + Service Tax b) Rs.75 + Service Tax c) Rs.100 + Service Tax d) No charges to be collected 7 Age criteria for opening ―YUVA SB A/C‖ is a) Above 10 years and up to 30 years b) Above 18 years and up to 35 years c) Above 18 years and up to 30 years d) Above 10 years and up to 25 years 8 Maximum Deposit accepted under Pehla Kadam and Pehli Udaan deposit A/c a) Rs.2,00,000/- b) Rs.5,00,000/- c) Rs.10,00,000/- d) Rs.20,00,000/- 9 Maximum Aggregate deposit in a CIF of the Minor under Pehla Kadam and Pehli Udaan deposit A/c‘s a) Rs.2,00,000/- b) Rs.5,00,000/- c) Rs.10,00,000/- d) Rs.20,00,000/- 10 What is the per day transaction limit in Internet Banking in Pehla Kadam and Pehli Udaan deposit accounts? a) Rs.1000 b) Rs. 2000 c) Rs.5000 d) No INB facility available 11 What is the per day limit of ATM transaction in Pehla Kadam and Pehli Udaan deposit accounts? a) Rs.5000 b) Rs. 10000 c) Rs.40000 d) No ATM facility available 12 What is the per day limit of Mobile Banking transaction in Pehla Kadam and Pehli Udaan deposit accounts? a) No Mobile Banking Facility given b) Rs. 2000 c) Rs.5000 d) Rs.10000
27 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
13 Which of the following account is having lowest Monthly Average Balance (MAB) a) Power Pack A/c b) Power Base A/c c) Power Gain A/c d) Power Jyothi A/c 14 What is the MAB to be maintained for Power Gain Account a) Rs.100000 b) Rs.200000 c) Rs.300000 d) Rs.500000 15 Account Keeping Charges in Power Pack /Gain/Base Accounts a) Rs.250/- + S.T. per annum b) Rs.500/- + S.T. per annum c) Rs.550/- + S.T. per annum d) Rs.1000/- + S.T. per annum 16 Maximum cash deposit limit at Non Home Branches for Power Pack /Gain/Base Accounts a) Rs.50000/- per day b) Rs.100000/- per day c) Rs.200000/- per day d) Rs.500000/- per day 17 Which of the following account is used for Fee collection of Institutions through our Core Banking Branches a) Power Pack A/c b) Power Base A/c c) Power Gain A/c d) Power Jyothi A/c 18 Term Deposits can be accepted for a maximum period of a) 10 Years b) 5 Years c) 15 Years d) 20 Years 19 What is the minimum period for Recurring Deposit Account a) 6 Months b) 12 Months c) 18 Months d) 24 Months 20 What is the minimum period under SBI Flexi Deposit Scheme a) 1 Year b) 2 Year c) 3 Year d) 5 Year 21 What is the minimum deposit amount under SBI Flexi Deposit Scheme a) Rs.1000 b) Rs.2000 c) Rs.5000 d) Rs.10000 22 What is the maximum deposit amount under SBI Flexi Deposit Scheme a) Rs.10000 b) Rs.50000 c) Rs.75000 d) Rs.100000 23 Minimum Monthly Annuity amount under ―Annuity Deposit Scheme‖ is a) Rs.1000 b) Rs.2000 c) Rs.5000 d) Rs.10000 24 Quantum of loan sanctioned against Deposits under SBI Tax Savings Scheme 2006 a) 75% of Face value b) 85% of Face value c) 90% of Face value d) No loan facility available 25 Minimum and Maximum deposit under SBI Tax Savings Scheme 2006 a) 1000 & 100000 b) 1000 & 150000 c) 500 & 150000 d) 1000 & 250000 26 What is the maximum period of deposit under Cap Gains Scheme for Re-investing the sale proceeds of Residential House, for Purchase of Residential House in India a) 6 Months b) 1 Year c) 2 Years d) 3 Years
28 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
27 What is the maximum period of deposit under CapGains Scheme for Re-investing the sale proceeds of Residential House, for Construction of New Residential House in India a) 6 Months b) 1 Year c) 2 Years d) 3 Years 28 Minimum and Maximum period of term deposit under ―Non-Collable Deposit Scheme‖ for Resident Indians a) 181 days to 3years b) 181 days to 5years c) 91 days to 3years d) 91 days to 5years 29 Minimum and Maximum period of term deposit under ―Non-Collable Deposit Scheme‖ for NRE customers a) 181 days to 3years b) 1 year to 3years c) 91 days to 3years d) 91 days to 5years 30 Minimum amount of deposit under ―Non-Collable Deposit Scheme‖ a) Rs.10 lacs and above b) Rs. 25 lacs and above c) Rs.50 lacs and above d) Rs. 1 crore and above 31 Top up offer under ―SBI Holiday Savings Account‖ would be given by a) Sterling Holidays b) Yatra.com c) Thomas Cook India d) Cox & Kings 32 SBI Holiday Savings Account is opened as a) Savings Account b) Current Account c) Recurring Deposit Account d) Term Deposit Account 33 Age limit for granting overdraft facility in PMJDY Account a) 18 to 50 years b) 18 to 60 years c) 18 to 70 years d) No specific age limit 34 Maximum amount that can be sanctioned as Overdraft under PMJDY A/c a) Rs.5,000/- b) Rs.7,500/- c) Rs.10,000/- d) Rs.25000/- 35 Overdraft under PMJDY A/c is valid for a period of a) 12 Months b) 18 Months c) 24 Months d) 36 Months 36 Flexi deposit is a variant of a) Current Account Deposit b) Savings Bank Deposit Account c) Recurring Deposit Account d) Term Deposit Account 37 Which of the following cannot open Savings Bank Deposit Account a) Municipal Corporations b) State Housing Boards c) Water Boards d) All of these 38 Gold Category account is opened under CSP if the income criteria of the employee is in the range of : a) Rs.5,000 to Rs.20,000 b) Rs.20,000 up to Rs.50,000 c) Rs.50,000 up to Rs.75,000 d) Rs.75,000 to Rs.1,00,000 39 Loan facility is available against which of the following deposit products a) PPF b) CLTD c) CapGains Plus d) Surabhi Deposit Ac 40 What is the limit on Foreign Remittance to a SMALL Account? a) Rs.10,000/- per month b) Rs.50,000/- per month c) Rs.20,000/- per month d) Foreign Remittance Not allowed
29 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
41 Minimum resultant balance to fbe maintained in Savings Plus account is___ a) Rs.5,000 b) Rs.25,000 c) Rs.35,000 d) Rs.50,000 42 What is the minimum balance to be maintained in FCNR account a) USD 1000 or equivalent b) USD 2000 or equivalent c) USD 5000 or equivalent d) USD 10000 or equivalent 43 What is the threshold limit for Auto Sweep facility under Surabhi Deposit Account a) Rs.25,000/- b) Rs.50,000/- c) Rs.75,000/- d) Rs.1,00,000/- 44 Minimum deposit under Sukanya Samriddhi Yojana Scheme per year a) Rs.500 b) Rs.1000 c) Rs.5000 No minimum stipulation 45 Withdrawal is permitted under Sukanya Samriddhi Yojana Scheme a) On attaining 18 years of age by the b) On passing 10 Standard girl child c) (a) or (b) whichever is earlier d) No withdrawal is permitted 46 Minimum deposit under PPF Scheme per year a) Rs.500 b) Rs.1000 c) Rs.5000 No minimum stipulation KEY TO LIABILITY PRODUCTS:
Q 1 2 3 4 5 6 7 8 9 10
ANS D C A D A D C B C C
Q 11 12 13 14 15 16 17 18 19 20
ANS A B B B C C D A B D
Q 21 22 23 24 25 26 27 28 29 30
ANS C B A D B C D A B D
Q 31 32 33 34 35 36 37 38 39 40
ANS C C B A D C D B A D
Q 41 42 43 44 45 46 47 48 49 50
ANS B A D B C A
30 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
GENERAL BANKING-I
1 UIDAI means A Universal Identification Authority of B Uniform Identification Authority of India India C Unique Identification Authority of D None of the above India 2 Expand FATF with reference to KYC AML A Financial Administration Task Force B Financial Action Task Force C Foreign Administration Task Force D Financial Action Technical Force 3 Money Laundering is defined under ___ Act A RBI Act B BR Act C Sec.2 of PML Act D Sec. 3 of PML Act 4 Periodicity of updation of KYC in Low risk category accounts A Every year B Once in 2 years C Once in 5 years D Once in 10 years 5 Mortgage is defined in ______. A Transfer of property Act B Companies Act C Sale of Goods Act D Contract Act 6 Nomination facility in respect of Bank Deposits is providing as per the provisions of A RBI Act B Banking Regulation Act C PML Act D Indian Contract Act 7 Preservation of Records stipulated as per PMLA in respect of prescribed transactions A Two years B 5 years C 6 years D 7 years 8 Maximum amount that can be deposited in Senior Citizen Savings Scheme is A Rs. 5 Lakhs B Rs. 10 Lakhs C Rs. 15 Lakhs D Rs. 25 Lakhs 9 Cash Transactions Report (CTR) is submitted in respect of cash transactions is A 1 lakhs and above B 5 lakhs and above C 10 lakhs and above D 20 lakhs and above 10 Maximum balance allowed in ―Small Account‖ is A Rs. 50,000 B Rs. 1,00,000 C Rs. 2,00,000 Rs. 2,50,000 11 Periodicity of updation of KYC in Medium risk category accounts A Once in 2 years B Once in 5 years C Once in 8 years D Once in 10 years 12 The term `Co-Parceners‘ relates to A Hindu Undivided Family B Joint accounts C Partnership D Association 13 A Probate is which of the following A Certified Copy of Will by a court B Copy of will in duplicate C will amended later on D None of the above 14 Who are not eligible to open PPF account A HUF B NRI C Trust D All of these
31 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
15 Inchoate Instrument means A Mutilated Instrument B Incomplete Instrument C Stale Instruments D None of the above 16 A person will be declared as legally dead, if for a period of ______years or more, the persons who would have normally known of his existence have not heard of him / known of his existence A 5 B 6 C 7 D 8 17 Succession certificate does not cover A Gold loan ornaments B Safe deposit lockers C Articles in safe custody D All of the above 18 Maximum number of deposits that can be made in a PPF account in a financial year is A 6 B 12 C 24 D 36 19 The change of legal character of an instrument is called A Mutation B Morphing C Material alteration D conversion 20 The Note Refund Rules were comprehensively revised and simplified during A September 2009 B October 2009 C November 2009 D December 2009
KEY TO GENERAL BANKING-I
Q 1 2 3 4 5 6 7 8 9 10 ANS C B D D A B B C C A Q 11 12 13 14 15 16 17 18 19 20 ANS C A A D B C D B C A
32 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
GENERAL BANKING - II
1 As per sec 138, NI act, after bouncing of cheque due to insufficient funds, payee should make a demand for the money from drawer within____ days from the date of cheque return memo a) 7 days b) 14 days c) 15 days d) 30 days 2 TDS deducted during the month should be deposited to the credit of Govt Account__ a) Before 1st of subsequent month b) On the last working of the respective month c) Before 7th of subsequent month d) Before 15th of subsequent month 3 A minor can be admitted as a partner of a firm a) Minor cannot be admitted as a b) For the profits of the firm only. partner. c) Both for profits as well as losses d) Only with the permission of a competent court. 4 Banker‘s lien is defined in Sec ____ of Indian Contract Act 1872 a) Sec 124 b) Sec 126 c) Sec 171 d) Sec 11 5 Borrowing powers of Directors of a company are found in a) Memorandum of association b) Articles of association c) Certificate of commencement of d) Balance sheet business 6 Retention period for Power of Attorney Register is------years a) 25 b) 30 c) 50 d) 60 7 Claims, under COPRA 1986, greater than Rs.20 lacs and up to Rs.100 lacs are to be made before a) District Forum b) State Commission c) National Commission d) Supreme Court 8 Account Payee Crossing is recognized under which Act? a) Negotiable Instruments Act 1881 b) Banking Regulation Act 1949 c) RBI Act 1934 d) It is a Banking Practice and accepted by RBI 9 Customer is defined in a) BR Act b) NI Act c) RBI Act d) PML Act 2002 10 Sri Ram Traders, partnership firm has 3 partners A, B & C. The a/c is operated by A or B singly and C is a sleeping partner. C instructs the bank to stop the payment of a cheque issued by A. a) Cannot be stopped since he is b) Can be stopped only if both sleeping partner partners A & B gives instruction c) Can be stopped by the request given d) Can be stopped by any partner by authorised partners only 11 Hypothecation is defined in a) Indian Contract Act b) Transfer of property act c) RBI Act d) SARFAESI Act.
33 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
12 Guarantees are defined in a) Indian contract Act b) Banking Regulation Act c) NI Act d) Transfer of property Act 13 The term ‗Allonge‘ refers to a) The sheets of paper used in Sale b) The stamps affixed on document deed c) A sheet of paper attached to d) A sheet of paper attached to a mortgage deed for the Purpose of negotiable instrument for the witness purpose of making endorsement 14 The following is not a material alteration under NI Act a) Changing of an order cheque into a b) Changing of a bearer cheque into bearer cheque an order cheque c) Cancellation of crossing d) Changing the amount 15 The term `Co-Parceners‘ relates to a) Hindu Undivided Family b) Partnership firm c) Parsis d) Proprietary firm 16 Clayton's rule is applicable in case of a) Term loan & cash credit b) Demand loan & overdraft c) Term loan & overdraft d) Cash credit & overdraft 17 Pari Passu charge refers to _____ a) Ranking equally to all lenders b) Ranking in proportion to the lender‘s share in total advances c) Ranking as per the decision of the d) Ranking as per CRISIL Rating Consortium leader 18 Limitation period for mortgage is ____ a) 3 years from the date of mortgage b) 12 years from the date of mortgage c) 12 years from the date of money d) 3 years from the date of money becoming due becoming due 19 Banker‘s lien is a a) Hypothecation b) Mortgage. c) Implied pledge d) Assignment 20 Super Senior Citizen or Very Senior Citizen is a person who age is ______years and above. a) 60 b) 65 c) 70 d) 80 21 What is the legal capacity of nominee while taking payment on behalf of legal heirs of deceased depositors? a) Owner of funds b) Trustee c) Administrator d) Liquidator 22 Under Section ______of RBI Act, issue of bearer draft is prohibited a) 31 b) 42 c) 45 d) 49 23 Under Garnishee Order, Garnishee means ? a) Account holder b) Judgement Creditor c) Debtor of the Judgement debtor d) Court
34 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
24 Negative lien means a) A declaration by company not to b) Deposit of title deeds with the encumber assets of company bank with an oral declaration to without prior consent of banker mark bank‘s lien c) A letter executed by a company d) A trust letter executed by authorizing the bank to mark lien on company when goods are taken it‘s FDR receipt from the pledged stock 25 Under which section of Banking Regulation Act 1949, every banking company has to maintain Statutory Liquidity Ratio (SLR) a) Sec 5 (b) b) Sec 25 c) Sec 24 d) None of these 26 Credit Information Companies in India other than CIBIL ? a) Highmark b) Experian c) Equifax d) All of these 27 The appellate authority under Banking Ombudsman Scheme is ______. a) Deputy Governor, RBI b) RBI Governor c) Chairman of the Bank concerned d) High Court of the state 28 If the garnishee order is received on a firm‘s account, what would be the position of individual account of partners being maintained with same bank branch? a) The order will be applicable b) The order will not be applicable c) It will be applicable through special d) None of the above order of court 29 Under KYC/AML guidelines FIU stands for a) Finance in USA b) Finance Intelligence Unit c) Financial Intelligence Unit d) Foreign Intelligence unit 30 U/s 269 T of the Income Tax Act, the branches will make payment of time deposits with interest thereon amounting to Rs.______and above by way of credit to account/Bank Draft/crossed cheque only: a) Rs.10,000/- b) Rs.20,000/- c) Rs.50,000/- d) Rs.1,00,000 31 Which of the following SME document is ‗Supplemental Agreement of Loan cum hypothecation‘? a) SME-1 b) SME-3 c) SME-2 d) SME-4 32 BCSBI is the acronym for a) Banking Codes and Systems for b) Banking Codes and Standards Banks in India Board of India c) Banking Codes and Systems Board d) Banking Customs and Systems of India Board of India 33 A contract of Insurance is a contract of------: a) Indemnity b) Pledge c) Guarantee d) Hypothecation
35 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
34 An advocate refuses to sign on the back side of the cheque, while obtaining cash payment on the cheque of Rs 3000/- a) Bank will not make the payment b) Cheque would be returned without payment c) Bank will obtain a cash receipt on d) Bank will obtain a cash receipt on separate paper with proper stamp separate paper without any duty stamp duty 35 An IT attachment order is received by your Branch attaching the funds of Mr. X. There is a current account in the joint names of Mr. X and Mr. Y. No individual account is on the name of Mr. X. You should______a) Attach the total amount in the joint b) Inform the I.T. authorities that no account of Mr. X and Mr. Y. account is being maintained by Mr. X c) Attach 50% of the balance in the d) None of the above Joint account 36 All inoperative accounts may be classified as a) No Risk b) High Risk c) Medium Risk d) Low Risk 37 Name the unique identification number allotted to the Director of a Company? a) CIN b) TIN c) DONE d) DIN 38 BCSBI was introduced as per the recommendations of which committee? a) Basel Committee b) Talwar Committee c) S S Tarapore Committee d) Verma Committee 39 As per MSMED Act 2006 small enterprises engaged in service activities are defined as those having an investment in original equipments up to a) Rs 5 lacs b) Rs.10 lacs c) Above Rs10 lacs up to Rs 2 Crs d) Above Rs 5 lacs up to Rs 1 cr 40 CERSAI is established under which Act ? a) SARFAESI Act 2002 b) Transfer of Property Act 1882 c) Banking Regulation Act 1949 d) Reserve Bank of India Act 1934 41 RTI Act is not applicable in a) Jarkhand b) Telangana c) Mizoram d) Jammu &Kashmir 42 KYC Compliance & Fraud prevention day is observed on ______. a) 1st July b) 1st August c) 30th September d) 30th November 43 If PAN details are not furnished , Rate of Tax Deducted at Source will be a) 10% b) 20% c) 25% d) No TDS 44 Can HUF be a partner of a partnership firm ? a) Yes b) No c) Depends on case to case basis d) Branch Manager can take a decision
36 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
45 Companies Act, 2013 proposed increasing the maximum number of members in a Private Company from 50 to ______. a) 75 b) 150 c) 100 d) 200 46 If Power of Attorney is executed abroad it has to be stamped within _____ months after receiving in India a) 1 b) 3 c) 6 d) 12 47 Protection to the Collecting Banker is available only for crossed cheques under Section----of the N.I.Act.1881. a) 130 b) 141 c) 131 d) 138 48 Special crossing of a cheque means a) Two transverse parallel lines on the b) Bank‘s name across the face of back of the cheque the instrument c) An ‗X‘ mark on the face of the d) None of the above cheque 49 Liability of Partner in case of partnership firm is a) Limited to the extent of his share of b) Unlimited the business profits c) Limited to the extent of capital d) Limited to the extent of loan given to the firm 50 The Relationship between Banker and Locker hirer in case of locker is ______a) Debtor – Creditor b) Licensor – Licensee c) Bailor – Bailee d) Principal -Agent 51 Under which section of State Bank of India Act 1955, State Bank may acquire the business of other bank a) Sec 5 b) Sec 25 c) Sec 35 d) Sec 42 52 Under the provisions of Companies Act, the filing of particulars for getting a charge registered with ROC for certain transaction, is the responsibility of: a) Borrowing company b) Financing Bank c) Secretary of the Company d) None of these 53 A cheque has been wrongly collected and credited into the account of a customer. Later it was found that the cheque does not belong to the customer. This is called as a) Material alteration b) Subrogation c) Conversion d) Redemption 54 X and Y are having a joint savings bank account with E or S operations. A bearer cheque is signed by Y and a cutting in the name of payee is confirmed by X. a) Cheque can not be paid as it b) Cheque can be paid even if not requires confirmation from the same confirmed as the change is only person who has signed in the name of the payee and it is a bearer cheque c) Cheque can be paid as alteration d) Cheque can‘t be paid as it has been properly authenticated requires confirmation from both
37 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
55 On which of the following, a garnishee order is not applicable? a) funds in the account at the time of b) term deposit receipt which is yet receipt of garnishee order to mature c) recurring deposit maturing after 3 d) amount deposited by the months customer after receipt of the garnishee order 56 Under Right to Information Act the information has to be provided by the CPIO within ______days from the date of receipt of Application a) 10 days b) 15 days c) 21 days d) 30 days 57 What is the relationship between a person who has left articles by mistake in the bank premises: a) Lessor and Lessee b) Bailee and Bailor c) Agent and Principal d) Trustee and Beneficiary 58 Any contract with minor is void ab- initio as per Section 11 of which act.? a) Indian Minority Act b) Indian Contract Act c) Partnership Act d) Indian Majority Act 59 The person who is transferring the possession of goods as per Indian Contract act for a specific purpose is called a) Transferor b) Bailor c) Bailee d) Pledger 60 Which of the following security and type of charge, is not matched: a) LIC policy -Assignment b) vehicles – hypothecation c) stocks of medicine – lien d) Immovable property - mortgage 61 Cheque has been defined in Section ______of Negotiable Instruments Act 1881 a) Sec 3 b) Sec 4 c) Sec 5 d) Sec 6 62 A branch can be kept open for government business on a public holiday on the requisition made by a) District Collector b) Judicial Magistrate c) Treasury Officer d) None of these 63 Charges to be filed with the Registrar of companies within ___ days from the date of creation without penalty. a) 30 Days b) 90 Days c) 180 Days d) 1 Year 64 Provision relating to Bank Rate is contained in______a) Sec 42 of RBI Act 1934 b) Sec 49 of RBI Act 1934 c) Sec 42 of BR Act d) Sec 49 of BR Act 1949 65 Nomination facility for safe deposit lockers is as per Sec…….of . Banking Regulation Act 1949 a) Sec 45ZA b) Sec 45ZB c) Sec 45ZE d) Sec 45 ZD 66 Hypothecation is defined in: a) Indian Contract Act 1872 b) Transfer of Property Act c) Negotiable Instrument Act d) SARFAESI Act
38 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
67 Inchoate Negotiable Instrument means a) Stale Instrument b) Incomplete instrument c) Out of date d) None of these 68 Garnishee order is issued under which of the following------a) Civil Procedure code b) Criminal Procedure code c) Indian Contract Act d) Banking regulation Act. 69 All the employees of the Bank has to declare Assets and Liabilities under which section of Lokpal and Lokayuktas Act 2013 a) 41 b) 42 c) 43 d) 44 70 Promissory note has been defined as per Section ____ of Negotiable Instruments Act 1881 a) Sec 3 b) Sec 4 c) Sec 5 d) Sec 6 71 In the case of dishonor of cheque due to insufficiency of funds, the punishment to the drawer under Section 138 of N.I. Act is______a) Twice the amount of cheque b) One year imprisonment c) Twice the amount of cheque or one d) Twice the amount of cheque or two year imprisonment years imprisonment or both 72 A has opened a Savings Bank account on 15.05.2017 and received cheque book on 19.05.2017, but wrote the date as 10.05.2017 and presented for payment on 22.05.2017. The bank in this case can pay a) Pay the cheque b) Refuse the payment c) Contact the account holder d) None of these 73 When loan is to be granted against the security of a LIC policy, which charge is to be created: a) Mortgage b) Hypothecation c) Assignment d) Pledge 74 A person will be declared as legally dead, if for a period of ………….years or more from the date of his / her being reported missing. a) 12 yrs b) 7 yrs c) 5 yrs d) 3 yrs 75 Holder in Due course is defined under section------of Negotiable Instrument Act. a) 10 b) 8 c) 9 d) 18 76 Which of the following is not a Negotiable Instrument ------: a) Promissory Note b) Bill of Exchange c) Term Deposit Receipt d) Cheques 77 A cheque is written in different hand-writings/ different inks. Will you pay the cheque? a) No. It will not be paid b) Yes. It will be paid as long as the drawer‘s signature is not forged c) Drawer will have to sign where ever d) None of the above different writings are done by different persons and wherever different inks are used
39 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
78 A Probate is ______a) Will of the deceased b) The last will of a person certified by legal heirs c) A copy of will certified by a court d) A registered will of the deceased. 79 Banking Ombudsman can award maximum compensation to the customer for an amount up to ______in case of disputes related with Banking transactions a) Rs 10 lacs b) Rs 15 lacs c) Rs 20 lacs d) Rs 25 lacs 80 Complaints under COPRA for claims upto Rs.20 lacs can be lodged with a) Consumer Disputes Redressal b) State Level Consumer Disputes Forum (District Forum) Redressal Commission c) National Consumer Disputes d) None of these Redressal Commission 81 Tax deducted at source from interest income of Term deposits is deducted under Section _____ of Income Tax Act 1961 a) Section 191 b) Section 192 c) Section 194 A d) Section 194 I 82 A mandate in a partnership account can be cancelled by...... a) All the partners b) Any of the partners c) Majority of partners d) None of the above 83 If the materially altered cheque is paid and the alteration is not visible even after careful examination of the cheque , the bank is protected under which section of Negotiable Instruments Act 1881 a) Sec 87 b) Sec 89 c) Sec 20 d) No protection is available 84 Under RTI Act 2005 , an applicant has the right to file a second appeal to Central Information Committee within …... days from the date of decision of the Appellate Authority a) 90 b) 35 c) 30 d) 10 85 NPA Loan account is classified as a) Low Risk Account b) Medium Risk Account c) High Risk Account d) None of the above 86 Offence of ―Money Laundering" is defined under Section______of PML Act. a) Sec.3 b) Sec.12 c) Sec.15 d) Sec.4 87 Under COPRA, Appeal against District Forum‘s decision should be made within_days a) 30 days b) 60 days c) 90 days d) 120 days 88 The periodicity of updation of KYC for low risk customers is for every _____ years a) 2 years b) 5 years c) 8 years d) 10years
40 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
89 National Consumers awareness day is observed on a) 1st July b) 1st August c) 24th December d) 24th November 90 The term CFT stands for a) Combating of Financing of b) Criminal Fund Transfer Terrorism c) Criminal Financial Transactions d) Codes For Transactions 91 Form 24Q/26Q/27Q is associated with...... a) Yearly TDS statements b) Quarterly TDS statements c) Yearly Service Tax statement d) Quarterly Service Tax statement 92 Interest on Savings Bank interest is exempted under income tax upto Rs 10,000 as per Sec _____ of Income Tax Act 1961 a) Section 80 TTA b) Section 80C c) Section 80 D d) Section 80E 93 The periodicity of uploading / submission of Form 60/61 to Income tax Department is.. a) Weekly b) Monthly c) Quarterly d) Half-yearly 94 The threshold limit in case of salaried customers is a) 2 months salary b) 1 month salary c) 25% of annual income or max 10 lac d) Rs 100000/- 95 Tax is required to be deducted at source when rent payments made in a financial year [including advance, if any] exceed Rs...... a) Rs 1,80,000 b) Rs 2,50,000 c) Rs 2,00,000 d) Rs 1,50,000 96 Tax deducted at source from salaries is deducted under Section _____ of Income Tax Act 1961 a) Section 191 b) Section 192 c) Section 194 A d) Section 194 I 97 Under Banking Ombudsman Scheme, the Banking Ombudsman can award compensation in credit card related issues to the customer for an amount upto: a) Rs.1 lakh b) Rs 10 lakhs c) Actual loss or Rs.1 lakh whichever is d) Actual loss or Rs.10 lakhs lower. whichever is higher. 98 CAVEAT petition is valid for ------days from the date of issue a) 30 days b) 45 days c) 60 days d) 90 days 99 Registration of partnership firm is not compulsory but banks prefer registered firms because a) Only Registered firms can be sued b) Only Registered Firms can sue by others others c) Registered firms can‘t sue others d) Registered firms can neither sue nor sued 100 Under AML/KYC/PML Act, 2002 came into force w.e.f a) 01.07.2002 b) 01.07.2007 c) 01.07.2005 d) None of the above
41 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
KEY TO GENERAL BANKING -II
Q 1 2 3 4 5 6 7 8 9 10
ANS D C B C B D B D D D
Q 11 12 13 14 15 16 17 18 19 20
ANS D A D B A D B C C D
Q 21 22 23 24 25 26 27 28 29 30
ANS B A C A C D A A C B
Q 31 32 33 34 35 36 37 38 39 40
ANS D B A D C C D C C A
Q 41 42 43 44 45 46 47 48 49 50
ANS D B B B D B C B B B
Q 51 52 53 54 55 56 57 58 59 60
ANS C A C D D D D B B C
Q 61 62 63 64 65 66 67 68 69 70
ANS D A A D C D B A D B
Q 71 72 73 74 75 76 77 78 79 80
ANS D A C B C C B C A A
Q 81 82 83 84 85 86 87 88 89 90
ANS C B B A C A A D C A
Q 91 92 93 94 95 96 97 98 99 100
ANS B A D C A B C D B C
42 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
GENERAL BANKING - III
1 As per sec 138, NI act, after bouncing of cheque due to insufficient funds, payee should make a demand for the money from drawer within____ days from the date of cheque return memo a) 7 days b) 14 days c) 15 days D) 30 days 2 TDS deducted during the month should be deposited to the credit of Govt Account ____ a) Before 1st of subsequent month b) On the last working of the respective month c) Before 7th of subsequent month d) Before 15th of subsequent month 3 A minor can be admitted as a partner of a firm a) Minor cannot be admitted as a b) For the profits of the firm only. partner. c) Both for profits as well as losses d) Only with the permission of a competent court. 4 Bankers lien is defined in Sec ____ of Indian Contract Act a) Sec 124 b) Sec 126 c) Sec 171 d) Sec 11 5 Borrowing powers of Directors of a company are found in a) Memorandum of association b) Articles of association c) Cert. commencement of business d) Balance sheet 6 Retention period for Power of Attorney Register is------years a) 25 b) 30 c) 50 d) 60 7 Claims, under COPRA 1986, greater than Rs.20 lacs and up to Rs.100 lacs are to be made before a) District Forum b) State Commission c) National Commission d) Supreme Court 8 Account Payee Crossing is recognized under which Act? a) Negotiable Instruments Act 1881 b) Banking Regulation Act 1949 c) RBI Act 1934 d) It is a Banking Practice and accepted by RBI 9 Customer is defined in a) BR Act b) NI Act c) RBI Act d) PML Act 2002 10 Sri Ram Traders, partnership firm has 3 partners A, B & C. The a/c is operated by A or B singly and C is a sleeping partner. C instructs the bank to stop the payment of a cheque issued by A. a) Cannot be stopped since he is b) Can be stopped only if both partners sleeping partner A & B gives instruction c) Can be stopped by the request given d) Can be stopped by any partner by authorised partners only 11 Hypothecation is defined in a) Indian Contract Act b) Transfer of property act c) RBI Act d) SARFAESI Act.
43 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
12 Guarantees are defined in a) Indian contract Act b) Banking Regulation Act c) NI Act d) Transfer of property Act 13 The term ‗Allonge‘ refers to a) The sheets of paper used in Sale b) The stamps affixed on document deed c) A sheet of paper attached to d) A sheet of paper attached to a mortgage deed for the Purpose of negotiable instrument for the witness purpose of making endorsement 14 The following is not a material alteration under NI Act a) Changing of an order cheque into a b) Changing of a bearer cheque into an bearer cheque order cheque c) Cancellation of crossing d) Changing the amount 15 The term `Co-Parceners‘ relates to a) Hindu Undivided Family b) Partnership firm c) Parsis d) Proprietary firm
KEY TO GENERAL BANKING-III
Q 1 2 3 4 5 6 7 8 9 10
ANS d c b c b d b d d d
Q 11 12 13 14 15
ANS d a d b a
44 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
SME ASSETS
1 CGTMSE stands for a) Credit Guarantee Trust for Medium b) Credit Guarantee Trust for and Small Enterprises Manufacturing & service Enterprises c) Credit Guarantee Trust for Micro d) Credit Guarantee Fund Trust and Small Enterprises for Micro and Small Enterprises 2 For micro services enterprises, original investment in equipment does not exceed a) Rs. 5 lac b) Rs. 10 lac c) Rs. 15 lac d) Rs. 25 lac 3 CGTMSE set up by a) NABARD b) SIDBI c) RBI d) SIDBI &Govt. of India 4 What are the activities covered under Stand up India? a) Trading, Services and Manufacturing b) Trade and services c) Manufacturing and Trade d) Manufacturing and services 5 Who are not eligible under PMEGP Scheme? a) SHG b) Existing units c) Societies d) Trusts 6 What is the population limit for classifying as Rural under PMEGP? a) 10000 b) 20000 c) 1000 d) 2000 7 What type of facility to be sanctioned under the New Scheme ―‖SME Dost‖ a) Cash Credit b) Term Loan c) Dropline OD d) Working Capital Demand Loan 8 The limit sanctioned under SME Dost is valid for a period of a) 6 months b) 12 months c) 18 months d) 24 months 9 The maximum limit that can be sanctioned under SME Dost is a) 10% of the existing exposure b) 20% of the existing exposure c) 10% of the existing FBWC limit d) 20% of the existing FBWC limit 10 Which of the following borrower is eligible for SME Dost subject to other conditions: a) All satisfactorily conducted accounts b) Unit enjoying Rs. 5.00 crores FBWC where FBWC limit is upto Rs. 20 limit from our bank under crores Consortium arrangement. c) Satisfactorily conducted account of a d) Unit enjoying a Cash Credit limit of unit with a CRA rating of SB-8 as per Rs. 2 crores and SME Credit plus ABS 2016 and enjoying FBWC limit limit of Rs. 20 lacs of Rs. 9 crores. 11 The margin for under PMEGP for general category a) 5% of the loan amount b) 10% of the loan amount c) 5% of the project cost d) 10% of the project cost 12 Under PMEGP Scheme who are not part of Special Category for benefit of higher subsidy and lower margin? a) SC/ST/OBC/Minorities b) Women/North Eastern Region/Hill and Boarder areas c) Ex serviceman d) None
45 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
13 Under PMEGP, the maximum cost of the project/unit admissible under manufacturing sector is------a) Rs. 10 lacs b) Rs. 25 lacs c) Rs. 50 lacs d) Rs. 15 lacs 14 Rate of Subsidy for Ex-Serviceman in rural area under PMEGP is a) 25% of the loan amount b) 35% of the loan amount c) 35% of the project cost d) Can not be financed under PMEGP 15 The maximum cost of the project/unit admissible under business/service sector under PMEGP is a) Rs. 10 lakh. b) Rs. 15 lakh. c) Rs. 20 lakh. d) Rs. 25 lakh. 16 Which of the following is not true in respect of PMEGP scheme? a) Two brothers can be given two loans b) Two loans can be given to father and son c) Two loans can be given to husband d) Only one loan to be given to a and wife person from one family 17 The objective of introduction of PMEGP was to generate employment through--- a) Establishment of micro enterprises in b) Establishment of micro and small in rural as well as urban areas rural as well as urban areas c) Establishment of small enterprises in d) Establishment of micro and small in rural areas rural areas 18 The minimum amount of Loan that can be under SME Smart Score? a) Rs.5 Lacs b) Rs.10 Lacs c) Rs.10 Lacs d) No Minimum amount, only max prescribed 19 The maximum amount of loan that can be sanctioned to a Manufacturing unit under SME Smart Score? a) Rs.25 Lacs b) Rs.50 Lacs c) Rs.100 Lacs d) No max limit but as per assessment 20 The maximum amount of loan that can be sanctioned under SME Smart Score for a Trader / Service provider? a) Rs.25 Lacs b) Rs.50 Lacs c) Rs.100 Lacs d) No max limit but as per assessment 21 The age criteria stipulated for the promoter/ applicant to avail a loan under SME Smart Score is______. a) Min 21 Yrs- Max 65 Yrs. b) Min 18 Yrs- Max 60 Yrs. c) Min 18 Yrs- Max 65 Yrs. d) No Upper age limit but min 18 years of age 22 The maximum quantum of loan that can be extended under SME Credit Card is: a) Rs.5 lacs b) Rs. 10. Lacs c) Rs. 25 lacs d) Rs. 5 lacs for service units and Rs. 10 lacs for Manufacturing units
46 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
23 The maximum repayment period permissible for a TL under SME Smart Score is a) 5 years excluding moratorium b) 5 years including moratorium period of 6 months. period of 6 months. c) 7 years including moratorium d) 7 years excluding moratorium period of 6 months. period of 6 months. 24 The maximum age criteria stipulated under SME Credit Card is______. a) 60 years b) 65 years c) 70 years d) No max age stipulated 25 The minimum score, an applicant should get to be eligible for availing finance under SME Credit Card is: a) 50% b) 60% c) 40% d) No such criteria 26 For setting up of project costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector under PMEGP, the beneficiaries should possess at least ______pass educational qualification a) X th standard b) VIth standard c) VIIIth standard d) NO such condition 27 Under SME Credit Plus, ____% of aggregate working capital limit subject to a maximum of ______can be sanctioned. a) 10% and Rs. 10 lacs b) 20% and Rs. 20 lacs c) 10% and Rs. 25 lacs d) 20% and Rs. 25 lacs 28 The maximum time period allowed for repayment of SME Credit Plus is _____. a) 2 months b) 3 months c) 6 months d) 12 months 29 The minimum score that an applicant should get in order to to be eligibleavail a loan under SME Smart Score is a) 60% (with a minimum score of b) 50% (with a minimum score of 50% under each sub head) 45% under each sub head) c) 70% (with a minimum score of d) 75% (with a minimum score of 60% under each sub head) 60% under each sub head) 30 The maximum time period allowed for repayment under SME Credit Plus is_____ a) 1 month b) 2 months c) 3 months d) 6 months 31 What is Tarun Category under PMMY? a) Loans upto Rs. 50000/- b) Above Rs. 50000/- to Rs. 5 lacs c) Above Rs. 5 lacs to Rs. 10 lacs d) Above Rs. 1 lac to Rs. 10 lacs 32 SME Credit Plus can be sanctioned for which of the following purposes a) Tax payments b) Repairs to machinery. c) Any other contingency d) all of the above.
47 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
33 What is the target group for Stand up India? a) SC/ST b) Physically Handicapped c) Women d) Both a and c 34 What is full form of NCGTC a) National Credit Guarantee Trust b) National Cooperative Guarantee Company Trust Company c) National Corporation Guarantee d) National Common Guarantee Trust Company Trust Company 35 What is the quantum of bank finance under PMEGP a) 90%in general category b) 95% in special category c) Both a and b d) None of the above 36 Under bank’s E-VFS scheme the letter “V” stands for a) Vector b) Variable c) Verifiable d) Vendor 37 SME 3 is a) Letter of arrangement b) Agreement of loan cum hypothecation c) Guarantee agreement d) Supplemental agreement of loan cum hypothecation 38 SME-1 is a) Letter of Arrangement b) Agreement of Loan Cum Hypothecation c) Guarantee Agreement d) Link Letter 39 SME-2 is a) Letter of Arrangement b) Agreement of Loan Cum Hypothecation c) Guarantee Agreement d) Link Letter 40 SME-12 is a) Letter of Arrangement b) Link Letter c) Revival Letter d) Agreement of Loan Cum Hypo 41 What is the minimum loan amount to be sanctioned under Asset Backed Loan Scheme? a) Above Rs. 5 lacs b) Above Rs. 10 lacs c) Above Rs. 25 lacs d) Above Rs. 20 lacs 42 What is the Maximum loan amount to be sanctioned under Asset Backed Loan Scheme? a) Rs. 1 crore b) Rs. 10 crores c) Rs. 15 crores d) Rs. 20 crores 43 What is the LTV ratio to be maintained under ABL scheme? a) For loans upto Rs 10 Crores: b) For Loans above Rs 10 Crores 60% of the realizable value upto Rs. 20 Crores: 50% of the realizable value c) 50% of the realizable value d) Both a and b
48 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
44 Which of the following unit can be financed under ABL scheme? a) CRA of SB-10 b) CRA of SB-9 c) CRA of SB-11 d) Both a and b 45 What type of facility can be sanctioned under ABL? a) Cash Credit b) Term Loan c) WCDL d) Dropline OD 46 What is the maximum period of moratorium under ABL scheme? a) 6 months b) 12 months c) 18 months d) No moratorium as it‘s a drop line OD facility 47 Under asset backed loan, property proposed to be mortgaged needs to be within a radius of ____KM of the branch. a) 10 b) 15 c) 20 d) 25 48 What is the nodal agency for implementing PMEGP Scheme at National level? a) RBI b) NABARD c) KVIC d) SIDBI 49 NBG branches handle SME proposals up to Rs. ______Crores a) Rs. 5 crores b) Rs. 25 rores c) Rs. 50 crores d) Rs. 100 crores 50 Loans to Medium Enterprises engaged in manufacturing as per MSMED act up to Rs. ______covered under Priority Sector Advances. a) Rs. 10 crores b) Rs. 25 crores c) Loans to Medium Enterprises not d) No limit covered under Priority Sector Advances KEY TO SME ASSETS
Q 1 2 3 4 5 6 7 8 9 10 ANS d b d a b b d b d c Q 11 12 13 14 15 16 17 18 19 20 ANS d d b c a c a a b a Q 21 22 23 24 25 26 27 28 29 30 ANS c b a d b c d a a b Q 31 32 33 34 35 36 37 38 39 40 ANS c d d a c d c a b b Q 41 42 43 44 45 46 47 48 49 50 ANS b d c b d c d c c d
49 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
AGRICULTURE FINANCE
1 Organic farming refers to a Farming using irrigation from wells b) Farming without fertilizer/chemicals d) Farming using fertilizers/chemicals c Farming using hi-tech machines intensively 2 KCC limit is valid for ______years a) 1 b) 3 c) 5 d) 10 3 In KCC scoring model score ------and above are considered as ‗ good loans‘ a) 26 b) 51 c) 71 d) 50 4 ------% is to be added as part of KCC for consumption needs of the farmer a) 10 b) 20 c) 30 d) 40 5 Under Multi Purpose Gold Loan Scheme ------% interest subvention is available a) 2% b) 3% c) 1% d) No interest subvention 6 In MNTL Scheme minimum land holding required is ------acres a) 1 b) 2 c) 3 d) 4 7 Maximum Loan amount that can be sanctioned under SBI Asset Backed Agri Loan a) 100 lakhs b) 200 lakhs c) 250 lakhs d) 300 lakhs 8 ------% limit to be added towards repairs and maintenance of farm assets while assessing KCC limit a) 10 b) 20 c) 30 d) 40 9 ------% of margin to be arrived at under KCC a) 10% b) 15% c) 25% d) No separate margin required 10 Collateral security is waived for KCC limit upto ------for loans under tie up arrangement a) Rs.50000 b) Rs.100000 c) Rs.300000 d) None of the above 11 ------% of annual interest subvention is available under KCC to the prompt paying borrower a) 1 b) 2 c) 3 d) 4 12 Minimum loan amount under SBI Asset Backed Agri Loan scheme a) 2 lakhs b) 3 lakhs c) 5 lakhs d) 10 lakhs 13 LTV to be maintained in Agri Gold Loans a) 60% b) 75% c) 65% d) 80%
50 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
14 ------acid is used in testing purity of Gold a) Sulphuric b) Nitric c) Hydrochloric d) None of the above 15 ------is the document to be obtained in case of Hypothecation Agreement in Agri loans a) AB1 b) AB2 c) AB3 d) AB4 16 ------is the document to be obtained in case of Deed of Guarantee in Agri loans a) AB1 b) AB2 c) AB3 d) AB4 17 ------is the document to be obtained in case of Registered Mortgage in Agri loans a) AB1 b) AB2 c) AB3 d) AB4 18 PMFBY is a scheme for ------a) Life insurance coverage b) Accidental insurance coverage c) Crop insurance coverage d) Motor vehicle insurance coverage 19 In KCC scoring model score ------and below are not considered for sanction a) 25 b) 51 c) 71 d) 50 20 Margin of the borrower in Modified New Tractor Loan Scheme a) 5% b) 10% c) 15% d) 25% 21 In case of Modified New Tractor Loan scheme , concession of interest ------p.a. is extended for prompt repayment a) 1% b) 2% c) 3% d) 4% 22 Minimum DSCR should be ------in Modified New Tractor Loan scheme a) 1.25:1 b) 1.5:1 c) 1.75:1 d) 2.0:1 23 Maximum amount of loan may be restricted to ------per individual in Bhoomi Heen Kisan scheme a) Rs. 25,000 b) Rs.50,000 c) Rs. 1,00,000 d) Rs. 3,00,000 24 Maximum LTV Ratio based on the limit in SBI Asset Backed Agri Loan a) 50% b) 65% c) 75% d) 80% 25 The following is not an eligible collateral security in Asset Backed Agri Loan a) SARFAESI compliant property b) Gold c) NSCs d) None of the above 26 Krishak Uthaan Yojna is a scheme for providing ----- a) Tractor Loan b) Crop loan to tenant farmers c) Crop loan to JLGs d) None of the above 27 Maximum Loan limit under ―Krishak Uthaan Yojna‖ scheme a) Rs. 25,000 b) Rs. 50,000 c) Rs. 1,00,000 d) Rs. 3,00,000
51 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
28 ―Bhoomi Heen Kisan ―is a scheme for providing ----- a) Tractor Loan b) Crop loan to tenant farmers c) Crop loan to JLGs d) None of the above 29 Maximum Loan limit under ―Bhoomi Heen Kisan ―scheme a) Rs. 25,000 b) Rs. 50,000 c) Rs. 1,00,000 d) Rs. 3,00,000 30 Processing charges waived for KCC limit up to Rs. ------a) Rs. 25,000 b) Rs. 50,000 c) Rs. 1,00,000 d) Rs. 3,00,000 31 Min DSCR applicable in case of ―Dairy Plus‖ scheme a) 1:1 b) 1:1.25 c) 1:1.50 d) 1:1.75 32 Format to be obtained for Revival Letter from Borrower in Agri advances a) AB1 b) AB3 c) AB4 d) AB5 33 Format to be obtained for Revival Letter from Guarantor in Agri advances a) AB1 b) AB3 c) AB4 d) AB5 34 Type of Loan facility to be sanctioned under SBI Asset Backed Agri Loan a) KCC b) DL c) ATL d) Drop line OD 35 ------% interest subvention available in SBI Asset Backed Agri Loan a) 1% b) 2% c) 3% d) No interest subvention 36 Repayment schedule to be fixed in Modified NTLS for the borrowers having a score of 11-14 under Hiring Potential and percentage of income from allied activies a) Monthly EMI b) Quarterly c) Half Yearly d) Yearly 37 Upfront fee to be recovered in Modified NTLS :--- a) 0.50% of Loan amount b) 1.00% of Loan amount c) 1.25% of Loan amount d) None of the above 38 Minimum land holding required under Tatkal (mortgage free) tractor loan product a) 2 acres b) 3 acres c) 4 acres d) 6 acres 39 Credit score of----- and above are considered for sanction under Tatkal (Mortgage free) tractor loan, as per the tractor credit scoring model a) 51 b) 61 c) 71 d) None of the above 40 TAT applicable for KCC sanctions :--- a) 2 days b) 3 days c) 7 days d) 10 days
52 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
KEY TO AGRICULTURE FINANCE
Q 1 2 3 4 5 6 7 8 9 10
ANS B C C A D B B B D C
Q 11 12 13 14 15 16 17 18 19 20
ANS C B B B A B C C A C
Q 21 22 23 24 25 26 27 28 29 30
ANS A B B B D B C C B B
Q 31 32 33 34 35 36 37 38 39 40
ANS D C D D D A A A B B
53 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
PERSONAL SEGMENT ASSETS
1 What is the maximum cap of SBI Personal Gold Loan a) Rs 5 lacs b) Rs.10 lacs c) Rs. 15 lacs d) Rs.20 lacs 2 What are the processing charges to be under loyalty car loan scheme? a) Min Rs.450/- max 4500/- b) Min Rs.350/- max 3500/- c) Min Rs.300/- max 3000/- d) Min Rs.500/- max 5000/- 3 Maximum repayment allowed in Personal gold loan scheme a) One year b) Two years c) 36 months d) 30 months 4 What is the minimum quantum of loan can be sanctioned under SBI Liquid Gold Loan a) Rs.50,000/- b) Rs.25,000/- c) Rs.75,000/- d) Rs.1,00,000/- 5 Who are eligible under SBI Liquid Gold Loan scheme a) Pensioners b) Govt employees c) Bank employees d) All of these 6 In SBI Liquid Gold Loan maximum repayment allowed a) 12 months b) 24 months c) 36 months d) 60 months 7 Precious Metal department located at a) LHO b) Corporate Centre, Mumbai c) RBO d) None of these 8 What is the margin stipulated In SBI Gold Loan – Bullet Repayment scheme a) 25% b) 35% c) 30% d) 20% 9 What is the Max Quantum of Loan that can be sanctioned to family pensioner of age 70 years in SBI Pension Loan a) Rs.4.50 lacs b) Rs.7.50 lacs c) Rs.5.00 lacs d) Rs.10.00 lacs 10 Maximum repayment allowed in SBI pension loan scheme depending upon age of the pensioner a) 24 months b) 60 months c) 48 months d) 36 months 11 Jai Jawan pension loan applicable to a) Army b) BSF c) Navy d) All of these 12 What is the maximum repayment allowed in SBI Scholar scheme a) 10 years b) 10 years (excluding course period + 6 months Moratorium) c) 12years d) 15 years (excluding course period + Moratorium) 13 In SBI student loan , for abroad studies what is the Maximum CAP a) Rs. 10 lacs b) Rs.30 lacs c) Rs. 20 lacs d) Rs.25 lacs
54 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
14 What is the margin under SBI Personal Gold Loan. a) 25% b) 20% c) 22% d) 35% 15 Gold loans should not be sanctioned beyond ------Gms of gold coins sold by bank a) 50 gms b) 100 gms c) 30 gms d) 75 gms 16 SBI Global ED-Vantage Loan will not applicable to which of the following foreign (Country) universities a) USA b) Australia c) Japan d) China 17 What is the maximum cap under Global ED-Vantage Loan a) Rs 1.5 Cr b) Rs 2.5 Cr c) Rs 1.00 Cr d) Rs 2.00 Cr 18 In Global Ed – Vantage loan maximum repayment allowed up to a) 10 years b) 12 years c) 15 years d) 8 years 19 In SBI Auto Loan , Maximum age allowed upto a) 65 years b) 60 years c) 70 years d) 75 years 20 In which of the car loan scheme , No maximum age criteria a) SBI Assured Car loan scheme b) SBI Auto Loan c) SBI Loyalty Car loan scheme d) None of these 21 What is the margin in SBI Loyalty Car loan scheme a) NIL b) 10 % c) 15% d) 10% on Road price 22 In SBI Auto loan, reimbursement of car purchased should not be more than -- months a) One month b) Two months c) Three months d) Six months 23 In SBI Assured car loan scheme , percentage of security in the form of Fixed Dep a) 50% b) 100% c) 75% d) 100% FD on Road price of vehicle 24 In SBI used car loan scheme, vehicles are not more than ---- years old a) 3 years b) 7 years c) 5 years d) 8 years 25 To avail car under SBI Certified Pre Owned car scheme, Min Annual Income a) Rs 2 lacs b) Rs.1.50 lacs c) Rs.2.5 lacs d) Rs.1.00 lacs 26 In SBI Combo Loan number of applicants restricted upto a) 2 b) 3 c) No restriction d) 4 27 What is the EMI / NMI ratio, Used Car loan scheme a) 50% b) 25% c) 40% d) None of these
55 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
28 In XPRESS Credit , maximum repayment period allowed a) 60 months b) 48 months c) 36 months d) 60 months or residual service whichever is less 29 What is the eligibility criteria In XPRESS CREDIT ELITE Scheme a) above Rs 1 lac per month b) Rs. 50,000/- per month c) Above Rs 50,000/- per month d) Rs. 75,000/- per month 30 What is the Maximum CAP in XPRESS CREDIT ELITE Scheme a) Rs 10 lacs b) Rs.20 lacs c) Rs.15 lacs d) Rs.5 lacs 31 Jai Jawan Pension loan scheme applicable to a) CRPF b) CISF c) BSF d) All of these 32 Minimum quantum of loan under Pension loan scheme a) Rs.25,000/- b) Rs.50,000/- c) Rs.75,000/- d) Rs.1,00,000/- 33 In SBI Pension loan scheme , what is the maximum cap of loan for PENSIONER a) Rs. 14 lacs b) Rs. 12 lacs c) Rs.7.50 lacs d) Rs. 5 lacs 34 For a Family pensioner, what is the maximum CAP under SBI Pension loan a) Rs.5 lacs b) Rs. 3.00 lacs c) Rs.2.5 lacs d) Rs. 7.50 lacs 35 EMI/ NMI ratio for Pensioner under SBI pension loan scheme a) 50% b) 33% c) 30% d) 40% 36 What is the Max CAP under LAP ( Loan against property ) Scheme a) Rs.7.5 Cr subjected to Location of b) Rs. 10 Cr subjected to the property Location of the property c) Rs. 5 Cr irrespective of Location d) Rs. 10 Cr Irrespective of Location 37 In Loan Against Property ( LAP ) mortgage property is a) Non encumbered b) Non agricultural c) SARFAESI compliant d) All of these 38 Income criteria to avail Loan against property( LAP) a) Rs 25000/- per month b) Rs. 3.00 per annum c) A and B d) None of these 39 Who are not eligible under Loan against property (LAP) a) Professionals b) Self employed persons without IT assesses c) Non resident Indians d) employees 40 Minimum Loan amount to be sanctioned under Loan against property a) Above Rs. 20 lacs b) Above Rs.10 lacs c) Above Rs. 5 lacs d) Above Rs.15 lacs
56 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
41 What is the minimum income criteria in SBI loyalty car loan scheme a) Rs. 3.00 lacs per annum b) Rs. 4.00 lacs per annum c) Rs. 2.00 lacs per annum d) No restriction 42 In SBI Global Ed Vantage Loan , How much processing fee to be collected a) Rs. 1000/- per application b) Rs.10,000/- per application c) Rs.5000/- per application d) Rs. 3000/- per application 43 In SBI Pension loan ,Maximum repayment allowed for Pensioner of age 74-76 years a) 24 months b) 36 months c) 48 months d) 60 months 44 In SBI pension loan EMI / NMI ratio for Family pensioner a) 40% b) 33% c) 50% d) 60% 45 In Xress Credit , Minimum Cap under OD facility a) 2 lacs b) 5 lacs c) 3 lacs d) 10 lacs 46 Maximum repayment allowed under Xpress Credit a) 60 m residual service whoever is b) 36 months less c) 48 m residual service whoever is d) 24 months less What is the minimum NMI to sanction loan Under Xpress credit 47 a) Rs.5000/- per month b) Rs.10,000/ per months c) Rs.12,000/- per months d) No restriction 48 IN SBI auto loan margin required for CSP account holder a) 15% b) 10% c) 10% on Road price d) 15 % Road price 49 Maximum processing fee collected under SBI Auto Loan a) Rs 9100/- b) Rs 5000/- c) Rs 6,100/- d) Rs, 3000/- 50 Minimum processing fee collected under SBI Student Loan ( Domestic Studies) a) NIL b) 1000/- c) 5000/- d) 3000/-
57 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
KEY TO PERSONAL SEGMENT ASSETS
Q 1 2 3 4 5 6 7 8 9 10
ANS D D D D D C B B C B
Q 11 12 13 14 15 16 17 18 19 20
ANS D D B A A D A C A A
Q 21 22 23 24 25 26 27 28 29 30
ANS A C D C A A A D A B
Q 31 32 33 34 35 36 37 38 39 40
ANS D A A C A A D C B B
Q 41 42 43 44 45 46 47 48 49 50
ANS C B A B B A A C A A
58 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
HOME LOAN & VARIANTS
1 Minimum repayment period under SBI Privilege and SBI Shaurya Home loan a) 60 months b) 84 months c) 96 months d) 120 months 2 Maximum Loan under Hamara Ghar a) Rs 20 lacs b) Rs 30 lacs c) Rs 10 lacs d) No restriction 3 SBI Privilege loan applicable to a) State Govt employees b) Central Govt employees c) PSU of Central Govt d) All the above 4 What is the Min and Max criteria under SBI Privilege and SBI Shaurya Home loan a) Min 10 lacs Max 10 crore b) Min 10 lacs Max 50 crore c) Min 10 lacs Max 5 crore d) Min 10 lacs Max 20 crore 5 Within how many days registration of property in CERSAI after creation of mortgage a) 60 days b) 15 days c) 30 days d) 45 days 6 In which of the following schemes , housing loan can be sanctioned in Overdraft a) NRI Home loan b) SBI Maxgain c) SBI Realty d) SBI Flexi pay home loan 7 Under which segment SBI Corporate Home Loans covered ? a) SME segment b) C& I segment c) PER segment d) a , b (Both) 8 CLSS full form a) Credit loan subsidy scheme b) Credit Like Subsidy Scheme c) Credit Linked Subsidy scheme d) Credit Linked Service scheme 9 Maximum quantum of Subsidy available in PMAY a) Rs. 2.20 lacs b) Rs. 2.67 lacs c) Rs. 2.50 lacs d) Rs. 2.37 lacs 10 Maximum LTV under SBI Corporate Home Loans is a) 80% b) 90% c) 85% d) 75% 11 Pre payment penalty under SBI Hamara Ghar is ( If closed within 2 years) a) 2% b) 2% + Service Tax c) No penalty d) None of these 12 Bank has launched new Housing loan to meet shortfall in funds for purchase of new house /flat a) SBI Home Top up loan b) SBI Flexi pay home loan c) SBI Bridge Home loan d) SBI Hope Home loan
59 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
13 What is the IT exemption for HL borrower for repayment towards principal? a) Rs 1.50 lacs p.a b) Rs.1.00 lacs p.a c) Rs.2.00 lacs p.a d) No exemption 14 What is the minimum age criteria to avail NRI Home loan a) 21 years b) 18 years c) Two years after joining service d) None of these 15 what is the minimum quantum of home loan can be sanctioned In NRI Home Loan a) Rs 20 lacs b) Rs. 10 lacs c) Rs 5 lacs d) Rs 3 lacs 16 What is the maximum repayment allowed in PMAY a) 15 years b) 20 years c) 25 years d) 30 years 17 The salaried borrower under SBI Flexi Pay Home Loan should have minimum service a) One year b) Two years c) Three years d) No such condition 18 In SBI Flexi Pay Home Loan , Maximum moratorium allowed for under construction properties a) 36 months b) 36 months + Remaining construction period c) 24 months d) None of these 19 The Validity period of SBI PAL ( Pre approved Limit) a) One month b) Three months c) Two months d) Four months 20 SBI PAL ( Pre approved limit)is available at a) All branches b) Metro/Urban branches c) PBB Branches d) RACPCs 21 Under Reverse mortgage loan scheme the title holder has to make a will superseding earlier will if any in favor of ___ a) spouse b) Bank c) No need of any will d) None of the above 22 Ownership of the property mortgaged for availing Reverse Mortgage Loan scheme a) Bank b) Both a and c c) Borrower d) None of the above 23 Quantum of loan under Reverse Mortgage Loan Scheme is inclusive of a) Interest for one year b) Processing Charges c) Intrest till maturity of the loan d) None of the above
60 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
24 What is the Maximum amount sanctioned under SBI Home Loan Scheme a.) Permissible EMI/NMI ratio b) Max Permissbile LTV ratio c) Applied loan amount d) Lower of a,b,c 25 What is the Loan to Value ratio for Home Loan amount above Rs.75.00 lacs a) 75% b) 85% c) 80% d) 90% 26 What is CRE Home Loan? a) Loan Sanctioned for acquiring 3rd b) 3rd Home Loan for purchase of house/Plot House/Flat/Plot c) Both a and b d) None of these 27 What is the Loan to Value (LTV) ratio for Home Loan amount above Rs.30.00 Lakhs and upto Rs.75 Lakhs? a) 75% b) 85% c) 80% d) 90% 28 Stamp Duty, Registration Charges and Documentation Charges can be considered for calculation LTV Ratio up to Home Loan amount of Rs._____? a) Rs 5 lacs b) Rs 10 lacs c) Rs 15 lacs d) Rs 20 lacs 29 What is maximum loan amount allowed for repairs/renovation?
a) Rs 10 lacs b) Rs 5 lacs c) Rs 15 lacs d) Rs 20 lacs 30 What is the amount to be recovered from borrower towards CERSAI registration charges? a) Rs.50+ST up to Home Loans b) Rs.100+ST Home Loans Rs.5.00 Lakhs above Rs.5 Lakhs c) Both are correct d) No charges 31 Home loan may be sanctioned for reimbursement of investment made by the borrower in house constructed/purchased during the preceding ______months? a) 3 months b) 6 months c) 9 months d) 12 months 32 What is the maximum normal moratorium period allowed in home loans for flats depending on number of floors? a) 12 months b) 18 months c) 24 months d) 36 months 33 What is the validity period of Home Loan Sanctioned? a) 3 m from date of sanction b) 6 m from date of sanction c) 1 m from date of sanction d) 9 m from date of sanction
61 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
34 What is the maximum moratorium period allowed in home loans above 21 floors? a) 18 months b) 24 months c) 36 months d) 48 months 35 Housing loan up to _____amount is classified under priority sector advances in Metro centres with population above 10 lakhs a) Rs 15 lacs b) Rs. 20 lacs c) Rs 25 lacs d) Rs 28 lacs 36 What is the Penal interest charged for Home Loan irregularity exceeds EMI or installment exceeds one month ? a) 1% b) 1.5% c) 2% d) 2.5% 37 How much Provisioning to be made for Home Loans categorized under standard assets? a) 0.40% b) 0.50% c) 0.75% d) 1.00% 38 The periodicity stipulated for Inspection of NPA Home loan accounts is a) Monthly b) Quarterly c) Half yearly d) Yearly 39 Updating Security Interest over the property created is done in Central Electronic Registry under ______Act a) BR Act b) NI Act c) SARFAESI act d) RBI act 40 The total number of houses/flats/residential plots under Personal Segment Home Loans Scheme should not be more than ………… a) 3 b) 4 c) 5 d) No such restriction 41 While processing high value Home Loan proposals i.e. Home Loans of ………………, two Valuation Reports from different empanelled Valuers of the Bank should be obtained. a) Rs 75 lacs & above b) Rs 100 lacs & above c) Rs 50 lacs & above d) Rs 25 lacs & above 42 Pre-closure penalty is levied if the home loan account is pre-closed within how many years? a) 2 years b) 3 years c) One year d) No penalty for pre closure 43 The Interest concession for women borrowers under Her Ghar scheme a) 5 bps b) 10 bps c) 15 bps d) 20 bps
62 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
44 For mega townships projects what is the maximum moratorium period that can be permitted by GM (NW) irrespective of the floors? a) 18 b) 24 c) 36 d) 48 45 What is the maximum CAP under NRI Home Loan a) Rs 2 crore b) Rs 3 crore c) Rs 5 crore d) No restriction subjected to EMI/NMI and LTV ratio 46 Maximum Home Loan for Repairs to damaged dwelling units per family at metro centres that comes under priority sector is… a) Rs 3 lacs b) Rs 5 lacs c) Rs 2 lacs d) Rs 10 lacs 47 What is the minimum loan under SBI Maxgain scheme? a) Rs 10 lacs b) Rs 20 lacs c) Rs 25 lacs d) Rs 50 lacs 48 Which of the following loan can be sanctioned in the form of overdraft ? a) Maxgain b) SBI Flexipay Home loan c) SBI realty d) None of these 49 What is the age criteria to join as Co-borrower under SBI Home loan scheme a) Below 60 years b) Below 50 years c) Below 55 years d) Not applicable 50 What is the Maximum repayment period allowed under SBI realty home loan a) 84 months b) 60 months c) 120 months d) 72 months KEY TO HOME LOAN & VARIANTS Q 1 2 3 4 5 6 7 8 9 10 ANS A B D B C B D C B D Q 11 12 13 14 15 16 17 18 19 20 ANS B C A B D B B B D D Q 21 22 23 24 25 26 27 28 29 30 ANS A C C D A C C B A C Q 31 32 33 34 35 36 37 38 39 40 ANS D D A C D C A C C C Q 41 42 43 44 45 46 47 48 49 50 ANS B D A D D B B A B C
63 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
CROSS- SELLING
1 SBI General Insurance company is a joint venture of SBI with a) Cardiff b) Society Generale c) Insurance Australia Group d) General Insurance Company 2 What are the tax benefits that can be availed on Health Insurance plan? a) U/s 80 D of income tax act b) u/s 80 D of income tax act, premium paid towards health premium paid towards health insurance for self, spouse and insurance for Parent(s) who are dependent children up to Rs.25000/- resident senior citizen up to is exempted or income tax Rs.30,000/- is exempted for income tax c) A or B is correct d) A and B are correct 3 SBI Life Insurance is a joint venture between State Bank of India and --- a) BNP Paribas Cardif b) Society Generale c) Insurance Authority of Australia d) Morgan Stanley group 4 Which of the following distribution channel is not available for SBI Life insurance co. for marketing its products? a) Bancassurance, b) Retail Agency c) Institutional Alliance d) None of the above 5 Full form of MDRT a) Million Dollar Rupees Table b) Million Dollor Rank Target c) Million Dollar Round Table d) Minimum Dollor Round Table 6 Expand IRDAI a) Insurance Regulatory for b) Insurance Regulations for Development of India Development of India c) Insurance Rules and Development d) Insurance Regulatory and of India Development Authority of India 7 Which is the scheme available in SBIMF for saving under section 80 c of I.T. Act a) SBI Magnum Tax gain Scheme b) SBI Blue Chip c) SBI Tax Shield d) All the above 8 A contract of Insurance is a contract of: a) Indemnity b) Pledge c) Guarantee d) Hypothecation 9 State Bank has entered into Life Insurance business by setting up a subsidiary and it is holding ______own equity: a) 49.9% b) 49% c) 51% d) 70.1% 10 Service tax, Swatch Bharat Cess and Krishi Kalyan Cess on premium of all Health and Protection/Term products is ____and that of Traditional Savings Plans is ____on first year premium and ___ on premium from second year from June 1, 2016 a) 10%, 3.75 & 1.875% b) 15%, 1.75 & 1.75% c) 15%, 3.75 & 1.875% d) 1.02%, 1.02% & 1.02% 11 Which of the following is not correct regarding ―SBI Life Wealth Builder Ins policy?‖ a) It is a unit linked policy b) It is a endowment policy c) Regular Premium / Limited Premium d) Maximum payment term of the / Single Premium payment facility is premium is 30 years available
64 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
12 SBI Life is offering ______, a Individual Non Participating Pure Term Assurance plan that has no savings component and the premiums paid are purely a cost to buy life: a) SBI Life - Smart Shield b) SBI Life - Saral Shield c) SBI Life –Grameen Bima d) all the above 13 What are the advantages of cross selling? a) No NPA b) Cheaper to cross sell c) Commission earning d) All of the above 14 What kind of relationship one should aim at for effective cross selling? a) Short term relationship b) One time relationship c) Long term relationship d) No Relationship 15 Which of the following is not correct regarding cross selling and up selling a) Up selling is a sales technique b) Cross selling is a sales technique where a seller induces the customer where a seller tries to sell some to purchase more expensive items, thing else.. upgrade or other add-ons in an attempt to make a more profitable sale. c) Selling Rs 20 laks insurance policy d) None of the above to the customer who is asking Rs 5 laks insurance cover policy is Up selling 16 Which of the following is not correct regarding ―SBI Life Smart Scholar Insurance policy.‖ a) It is a endowment policy with profits b) It is to ensure education needs of the child c) It is a non participating Unit Linked d) Liquidity through partial policy withdrawal(s) is available in this policy 17 This of the following is not correct regarding ―SBI Life Smart Champ Insurance policy.‖ a) It is an Individual Non-linked, b) It is designed to protect child‘s Participating life insurance plan future educational needs c) Triple protection is available in this d) It is a non participating Unit Linked policy which include payment of policy Sum assured on the occurrence of the insured event 18 Which of the following is not correct regarding ― SBI Life - Shubh Nivesh Insurance policy.‖ a) It is a non- linked, with profit b) Flexibility to choose between Single Endowment Assurance product with or Regular premium payment is an option of Whole Life coverage. there in it. c) Minimum premium payable per d) Maximum premium payable per annum is Rs 6000 annum is Rs 60000
65 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
19 If a customer asks for premium paid certificate for his SBI Life Insurance policy in your branch…Which of the following is more appropriate? a) Direct him to SBI Life Insurance b) Send a mail to SBI Life Insurance office. office with a request for the premium paid certificate c) It can be downloaded from d) It can be downloaded from Bancassurance online site in our Bancassurance online site in our branch. branches if the policy is taken through our bank. 20 Which of the following is not correct regarding Rin Raksha? a) It is a group term insurance plan that b) It provides a decreasing term helps cover the loan liability cover to Housing Loan Borrowers of State Bank of India and its Associate Banks c) Minimum age is 18 years & d) None of the above Maximum age is 62 years for entry in to the scheme 21 Rin Raksha is a group term insurance plan of SBI Life which cannot be given to borrowers of … a) Vehicle Loan b) Mortgage Loan c) Personal Loan d) DIR Loan 22 Bancassurance online site is available at a) http://10.1.102.28 b) http://10.1.102.41 c) http://10.243.40.41/ d) http://10.243.40.100/
23 Which of the following does not come under Cross Selling a) SBI Life Insurance b) SBI Mutual Funds c) PMSBY d) None of the above 24 Vivek sbmitted application for insurance cover under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) on 10.01.2017. On the same day branch has debited the premium for it. But the transaction was not successful due to deficiency in some data regarding nominee details in the system. Vivek expired on 12.01.2017 due to accident. Who has to pay the policy sum assured? a) Bank b) Insurance co c) Bank and Insurance co are d) No one is responsible responsible
66 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
25 Vinay account could not be debited insurance premium for cover under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) on 30.06.2016 due to insufficiency of funds in his account. He submitted fresh application 1.07.2016 and his account was debited on the same day. He expired on 13.07.2016. Will he be paid policy sum assured? a) Yes b) If death is due to accident, Sum Assured will be paid. c) The above enrolments will be treated d) B and C are correct as fresh enrolments and risk coverage commences after 45 Days from the date of premium payment due to death other than accidental insurance. 26 For claim under under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) which of the following is not mandatory for submission? a) PAN No. of Insured b) District of the Insured c) State of the Insured d) Date of Birth of Nominee 27 Claim forms of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) are to be sent to----- a) SBI Life Insurance Company b) Cross Selling Department, HO Limited, Navi Mumbai c) Controlling Authority d) Local LIC Office 28 If a customer account has been debited twice with the premium of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) … a) Branches should directly claim the b) Branches should directly claim excess amount of Rs.289/- per the excess amount of Rs.289/- member debited, from Cross selling per member debited, from SBI department. by sending the details Life Insurance Co. by sending the as per the proforma through a letter details as per the pro forma or e-mail through a letter or e-mail. c) On receipt of amount of Rs.289/- d) b and c are correct debit Rs.41/- Branch Commission BGL A/c: 4599034XXXXXC and credit to customer account. 29 Which of the following is not correct regarding Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) ? a) All Savings Bank A/c holders in the b) All Savings Bank A/c and Current age group of 18-50 yrs are eligible. account holders in the age group Insurance Cover is available up to 55 of 18-50 yrs are eligible yrs of age (age nearest birth day) on annual renewal date c) Rs.330/- per anum is the premium d) Nature of Risk covered is death due to any reason for Rs 2 lakhs.
67 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
30 Which of the following is not correct regarding Pradhan Mantri Suraksha Bima Yojana (PMSBY) ? a) All A/c holders in the age group of b) Age is as recorded in CIF records 18-70 yrs are eligible by giving revised Consent-cum-Declaration form c) Rs.12/- per annum is the premium d) Insurance Cover Amount is Rs 2 lacs due to Death (or) Total & irrecoverable loss of both eyes or loss of use of both hands or feet (or) loss of sight of one eye and loss of use of hand or foot. 31 Insurance Company providing the risk cover under Pradhan Mantri Suraksha Bima Yojana (PMSBY) is---- a) SBI Life Insurance Company Limited b) National Insurance Co. Ltd (NICL), c) Oriental Insurance Co. Ltd (OICL), d) SBI General Insurance co 32 Registration Process for Pradhan Mantri Suraksha Bima Yojana (PMSBY) in CBS is- a) Register the forms in CBS through e- b) By using the reference no. KYC Application Navigation: CBS generated on registration, debit the menu > Apps> e-KYC Application (e- premium through screen no.29061 KYC SHCIL PMSBY (with user type 1 & 60) with logo SI) > PMSBY > New > A/c f) and Authorise Queue. No > Proceed c) Acknowledgement generated in CBS d) a,b and c after registration and auto debit may be handed over to customer or Branch may issue Acknowledgment- cum-Certificate of insurance printed in the format 33 Which of the following is not correct regarding Pradhan Mantri Suraksha Bima Yojana (PMSBY) ? a) Application can be obtained on white b) Acknowledgement generated in CBS paper with a request for coverage. after registration and auto debit may be handed over to customer c) Branch may issue Acknowledgment- d) After registration , the Consent-cum- cum-Certificate of insurance printed Declaration Forms should be kept in in the format Safe custody in FBR safe/ FBR filing cabinet/Strong Room during the term of policy and 3 months thereafter for future references / use at the time of claim along with subsequent requests like change of nominee details etc.
68 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
34 Insurance cover under Pradhan Mantri Suraksha Bima Yojana (PMSBY) is available up to ---- a) Attaining of 70 yrs of age (age b) Attaining of 70 yrs of age (age on nearest birth day) on annual last birth day) on annual renewal renewal date date c) Closure of account d) a and c 35 Appropriation of Premium (per policy) of Pradhan Mantri Suraksha Bima Yojana (PMSBY) is ---- a) Rs.10/-/p.a to Insurance Co. (NICL) b) Rs.2/-p.a to Bank towards reimbursement of administrative expenses Credited to BGL c) Rs.1/- p.a towards reimbursement of d) a,b and c expenses to BC if marketed by them 36 Which of the following is correct regarding Pradhan Mantri Suraksha Bima Yojana (PMSBY) claim settlement? a) Claimant has to lodge the claim only b) Nominee‘s A/c should not be nofrill/ with the enrolled branch of the Bank. PMJDY A/c. c) Branch has to send claim application d) All the above along with prescribed documents to the Respective designated Office of National Insurance Co. Ltd within 30 days from receipt of the claim 37 Voluntary exit from Atal Pension Yojana (APY) before due date (60 years age) is permitted due to the following reasons a) In the event of Death of b) Not able to Pay contributions subscriber or suffering from terminal disease etc c) Require funds urgently or any other d) All the above specific reason 38 Expand NSDL a) National Shares Depository Ltd. b) National Securities Depository Ltd. c) National Shares Deposits Ltd d) National Securitis and Deposits Ltd. 39 Expand PFRDA a) Pension For Retirement and b) Pension Fund Regulatory and Development Authority Decision Authority c) Pension Fund Regulatory and d) Pension Fund Rules and Development Authority Development Authority 40 Bank gets commission from PFRDA for each APY account sourced is --- a) Rs 50 b) Rs 100 c) Rs 250 d) Rs 150
69 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
41 Which of the following is correct regarding APY Scheme? a) Any Citizen of India having Savings b) Who are not members of any Bank Account with the Bank and in Statutory Social Security Scheme the age group of 18-40 years can like Provident Fund and non income join APY Scheme tax payers get extra contribution from Govt. c) Guaranteed minimum monthly d) All the above Pension between Rs. 1,000/- to 5,000/- to the subscriber and spouse with return of corpus to the nominees after 60 years of age 42 Which of the following details are mandatory for opening Atal Pension Yojana account? a) Applicant should be in possession of b) It is mandatory to provide nominee Mobile number and its details are to details in APY Account be furnished to the Bank at the time of registration c) The spouse details are also d) All the above mandatory wherever applicable. 43 Which of the following is not correct regarding Atal Pension Yojana account? a) GOI would also co-contribute 50% of b) Guaranteed minimum monthly the total contribution or Rs. 1000/- Pension between Rs. 1,000/- to per annum, which ever is lower for a 5,000/- to the subscriber period of Five years i.e., from and spouse with return of corpus to Financial Year 2015-16 to 2019- 20, the nominees after 60 years of age who joins the APY between the is payable in the scheme. period 1st June, 2015 and 31st, December 2015 who are not members of any Statutory Social Security Scheme and who are not Income Tax Payers c) The existing NPS Swavalamban d) None of the above Subscribers between the age group of 18 to 40 years will be migrated APY unless they opt out 44 Name of the scheme for payment of incentives to staff for cross selling is called a) Incentive Scheme for Staff b) Reward & Recognition (R&R) c) Reward & Regulations (R&R) d) Rewards & Returns (R&R) 45 The R&R Scheme covers the following lines of Cross Selling Business a) SBI Cards b) SBI Mutual Fund, c) SBI Cap Securities d) All the above
70 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
46 Which of the following is correct regarding Individual Personal Accident Insurance Policy of SBI General Insurance? a) The coverage available under this b) Sum Insured for Accidental Death policy is Rs 1,00,000 to Rs Benefit / Permanent Total Disability 1,00,00,000 is limited to 120 times monthly gross income or 10 times the annual gross earnings from gainful employment/occupation. c) For Accidental Death Sum Insured of d) All the above above 25 Lakhs, copy of self attested latest income proof (latest 3 Salary Slips / Form 16 / IT return) needs to be provided along with the completed Proposal Form 47 Which of the following are available in Individual Personal Accident Insurance Policy of SBI General Insurance? a) Accidental Death' as compulsory b) Permanent Total Disability (PTD) + cover Permanent Partial Disability (PPD) as optional covers c) Permanent Total Disability (PTD) + d) All the above Permanent Partial Disability (PPD) + Temporary Total Disability (TTD) as optional covers 48 Which of the following is not correct regarding Arogya Top up Policy of SBI General Insurance a) Minimum Sum Insured in the policy b) Policy Term is 1, 2 or 3 years with is Rs 1,00,000 and Maximum Rs minimum entry age of 3 months and 50,00,000 subject to underlying maximum entry age of 65 years. deductible ranging from Rs 1,00,000 to Rs 10,00,000 c) In case insured wants to opt d) None of the above deductible of Rs 5,00,000 or more then maximum entry age will be extended up to 70 Years. There is no exit age. 49 What do you mean by Co-payment in health insurance policy a) amount payable by the company b) Amount expected to be paid by the insured for a medical services covered by the plan. c) Amount expected to be paid by the d) Amount expected to be paid by the insured and the company for a insured, TPA and the Insurance medical services covered by the company for a medical services plan. covered by the plan.
71 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
50 Which of the following is correct regarding Loan Insurance Policy of SBI General Insurance co a) Anyone who has a loan and who is b) It offers Critical Illness, Personal having minimum age 18 years can Accident death/ permanent total buy this policy for safeguarding the disabilty and Loss of employment Loan amount. covers c) The minimum age of entry for the d) All the above SBI General‘s Loan Insurance Policy is 18 years and maximum age of entry is 60 years
KEY TO CROSS- SELLING
Q 1 2 3 4 5 6 7 8 9 10
ANS c d a d c D A A D c
Q 11 12 13 14 15 16 17 18 19 20
ANS B D D C d A D D D d
Q 21 22 23 24 25 26 27 28 29 30
ANS D A D A d A A D B d
Q 31 32 33 34 35 36 37 38 39 40
ANS B D A D d D D B C b
Q 41 42 43 44 45 46 47 48 49 50
ANS D D D B d D D D B d
72 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
INTERNATIONAL BANKING
1 What was the cap for the remittances through LRS Scheme in the year 2004 a) USD 250000 b) USD 25000 c) USD 100000 d) No such scheme in 2004 2 Out of the following who are eligible for the remittances under LRS scheme 2015 a) All Resident individuals excluding b) All NRIs excluding minors minors c) All Resident individuals including d) All NRIs including minors minors 3 PAN card need not be insisted for the permissible transactions of current account transactions in nature up to the value______
a) USD 25000 per transaction b) INR 25000 per transaction c) INR 50000 per transaction d) USD 25000 per year 4 Remittances under LRS is not permitted to the following countries a) Bangladesh, Pakistan b) Pakistan, Mauritius c) Bangladesh and Pakistan d) No such restrictions under LRS 5 SWIFT implemented in India in the year a) 1990 b) 1991 c) 1992 d) 1994 6 Financial information of the SWIFT messages will be available in SWIFT server for a period of
a) 30 days b) 1 year c) Archived after 1 year d) No storage available in SWIFT 7 The definition of NRI was done as per a) RBI Act b) FEMA c) Both IT & FEMA d) FCRA 8 NRI is a person who stays in India for less than or upto ______days in a year a) 179 days b) 180 days c) 181 days d) 182 days 9 The following country citizen after marrying a Indian Citizen can be treated as PIO a) Afghanistan b) China c) Iraq d) Iran 10 NRE – TDR can be accepted for a minimum/maximum period of a) 7 days – 5 years b) 1 Year – 10 years c) 1 year – 5 years d) 7 days – 10 years 11 NRO – TDR can be accepted for a minimum/maximum period of a) 7 days – 5 years b) 1 Year – 10 years c) 1 year – 5 years d) 7 days – 10 years 12 A NRE-RD account can be accepted for a maximum period of a) 10 years b) 7 years c) 5 years d) 3 years 13 Whether NRO and NRE accounts can be converted in to Domestic accounts a) Only NRO accounts can be b) Only NRE accounts can be converted converted c) Both NRO and NRE accounts can be d) NRO and NRE accounts cannot converted be converted ECGC Stands for
73 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
14 a) Export Cooperation Government b) Export Credit Guarantee Corporation Corporation of India Limited c) Export Cash Guarantee Corporation d) Exchange Credit Guarantee Corporation 15 The software application used to report Forex transactions to Global Markets is a) Bancs@24 b) Exim Bills c) Trade Finance d) Mercury-Fx 16 Inward remittances in favour of Charitable Institutions are governed by a) FEMA b) FCRA c) IT ACT d) BR ACT 17 Indo-Nepal Remittances for Individuals can be permitted under NEFT upto a) INR 50000/- b) INR 200000/- c) USD 50000/- d) USD 250000/- 18 EEFC account can be maintained in the following manner a) FCNR Deposit b) Savings Account c) Current Account d) NRE Savings Account 19 Foreing Nationals of Non Resident Indian Origin visting India can open a) Normal SB account upto the visa b) NRI account upto the visa period period c) NRO account upto maximum of Six d) Normal Current account upto a months maximum of 12 months 20 Can Bankers open FC accounts in India for residents under LRS a) Yes b) No c) Yes, with the permission of RBI d) Yes, with the permission of GoI 21 What is the SWIFT message type for customer transfer transactions a) MT-100 b) MT-200 c) MT-199 d) MT-700 22 What was the minimum tenor of FCNB deposit a) 3 months b) 6 months c) 12 months d) 24 months 23 NRI can open joint account with close relative on the following basis a) E or S b) F or S, NRI is former c) F or S, NRI is survivor d) Only Joint operations 24 For opening of NRO accounts, students of Pakistan have to submit a) Ministry of Home Affairs approval b) RBI Approval c) Approval from Local Police d) Approval from College 25 DGFT full form a) Directorate General of Foreign Trade b) Director General of Foreign Trade c) Directorate General of Foreign Tax d) Director General of Foreign Taxes 26 Import Trades regulated by DGFT a) False b) True, but only specific Trades c) True, all trades d) DGFT takes care of Tax issues only
74 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
27 Letter of Credit transactions are governed by a) UCPDC b) Customs Department c) DGFT d) RBI 28 In LC, risk of non payment shifted to a) Importer b) Bank c) Company d) All the above 29 Which one of the following is not a type of LC a) Confirmed LC b) Revolving LC c) Non-confirmed LC d) Transferable LC 30 OFAC IS a) Office of Foreign Assets Centre b) Office of Foreign Assets Country c) Organsation of Foreign Assets d) Office of Foreign Assets Control Centre 31 Loc is a) Letter of Control b) Letter of Credit c) Letter of Comfort d) Letter of Cancellation 32 FCNB loan can be sanctioned as a) DL and CC b) DL and TL c) TL and OD d) OD and CC 33 UCP 600 is valid from a) 01/07/2007 b) 01/08/2007 c) 01/08/2008 d) 01/07/2008 34 FCNB Loans can be availed in how many designated currencies a) 3 b) 4 c) 5 d) 7 35 What was the minimum loan amount in case of FCNB a) INR 50,000/- or equivalent b) INR 50,000/- c) USD 50,000/- or equivalent d) USD 50,000/- 36 What was the prepayment penalty in case of pre payment of FCNB loan a) 0.00% b) 1.00% c) 1.50% d) 2.5% 37 Suppliers Credit and Buyers Credit are a part of a) Pre Shipment Credit facilities b) Post Shipment Credit facilities c) Finance extended by Indian Banks d) Finance extended by Foreign Banks 38 The all in cost ceiling for raising Trade Credit is _____bps over 6M LIBOR a) 150 b) 250 c) 350 d) 450 39 Import transactions can be cross verified by using a) ICEGATE b) ICECAT c) ICEGRID d) ICECUBE 40 Delivery of FC will be happened in case of spot transactions a) On the Same Day b) On the next day before 12pm c) On the next day d) On the second day
75 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
KEY TO INTERNATIONAL BANKING
Q 1 2 3 4 5 6 7 8 9 10
ANS A C D D C D B D C B
Q 11 12 13 14 15 16 17 18 19 20
ANS D A C B D B A C C B
Q 21 22 23 24 25 26 27 28 29 30
ANS A C B B A C A B C D
Q 31 32 33 34 35 36 37 38 39 40
ANS C B A B C C D C A D
76 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
PRE AND POST SANCTION
1 Please arrange the following in the right order : i) Assessment ii)Appraisal iii) Sanction iv) Recommendation a) ii) , iv), i) & iii) b) i) , iv), ii) & iii) c) iv) , ii), i) & iii) d) i) , ii), iii) & iv) 2 Time limit for disposal of application of Micro & Small Enterprises if loan amount above Rs.25,000/- and up to 5 lakhs. a) 2 weeks b) 3 weeks c) 4 weeks d) No specific time limit 3 For take-over of advances under C&I and MSME Segments, exposures from above Rs.25 lacs and up to Rs.10 crores – the CRA should be a) SB 10 or better b) SB 9 or better c) SB 8 or better d) SB 7 or better 4 What is the minimum amount eligible for take over for ATL – for Allied Activities a) Rs.1 lac b) Rs.2 lac c) Rs.5 lac d) Rs.10 lac 5 What is the minimum amount eligible for take over for ATL – for other than Allied Activities a) Rs.1 lac b) Rs.2 lac c) Rs.5 lac d) Rs.10 lac 6 What is the maturity period of any term loan including moratorium period a) Above 3 years b) 5 years c) 10 years d) 15 years 7 Bank‘s exposure to Real Estate Sector should be within ____% of Bank‘s Total Advances : a) 20% b) 25% c) 30% d) 35% 8 Internal Prudential Exposure Limits for Single Borrower Entity who‘s CRA ratings are SB- 1 & 2 a) 5% of Bank‘s Capital Funds b) 10% of Bank‘s Capital Funds c) 15% of Bank‘s Capital Funds d) 20% of Bank‘s Capital Funds 9 Internal Prudential Exposure Limits for Single Borrower Entity engaged in Infrastructure who‘s CRA ratings are SB- 1 & 2 a) 10% of Bank‘s Capital Funds b) 20% of Bank‘s Capital Funds c) 25% of Bank‘s Capital Funds d) 30% of Bank‘s Capital Funds 10 Internal Prudential Exposure Limits for Single Borrower Oil Companies which have been issued Oil Bonds - who‘s CRA ratings are SB- 1 & 2 a) 25% of Bank‘s Capital Funds b) 30% of Bank‘s Capital Funds c) 35% of Bank‘s Capital Funds d) 40% of Bank‘s Capital Funds 11 Unsecured Exposure (Domestic + IBG) should not exceed ______% of Bank‘s Outstanding Total Exposure a) 10% b) 15% c) 20% d) 25%
77 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
12 As part of Due Diligence Pre screening of prospective new connections of Rs.5 crores and above, we need to obtain report from a) CIBIL b) CRIF High Mark c) M/s. Cubictree Technology Solutions d) Equifax Pvt., Ltd., 13 Existing Borrowal units need to submit their Audited Balance Sheet as on 31st March every year latest by a) 31st July b) 31st August c) 30th September d) 31st October 14 Total Turn Around Time (TAT) in respect of Home loans under Builder tie up (same centre) a) 4 days b) 6 days c) 8 days d) 10 days 15 The Institutional Risk Assessment Model (IRA) was used to rate a) Corporate b) Industrialists c) Primary Dealers d) Agriculturists 16 For Manufacturing Units, the Desired Level of Current Ratio is a) =>1.00 b) =>1.33 c) =>1.50 d) =>2.00 17 For Manufacturing & Trade and Services Units, the Desired Level of D.S.C.R. is a) =>1.00 b) =>1.20 c) =>1.50 d) =>2.00 18 External Credit Rating (ECR) is to be obtained for exposures above a) Rs.3 crores b) Rs.5 crores c) Rs.8 crores d) Rs.10 crores 19 Which is NOT a Credit Information Company a) CIBIL b) CRIF High Mark c) CARE d) Experian 20 Credit Audit is applicable for accounts with total credit exposure (FB + NFB) of a) 1 crore and above b) 2 crore and above c) 5 crore and above d) 10 crores and above 21 Legal Audit is applicable for accounts with all exposures of a) 1 crore and above b) 2 crore and above c) 5 crore and above d) 10 crores and above 22 Names of 2 Credit Information Company (CIC) reports to be taken for Home Loans above 10 lacs. a) Cibil & CRIF High Mark b) Cibil & Experian c) Cibil & Equifax d) Cibil 23 Moratorium period given for home loan if the number of floors are >7 and <=14 a) 18 Months b) 24 Months c) 30 Months d) 36 Months 24 Title Investigation Report (TIR) in respect of properties covered by “POA Sales & Gift Deeds” should invariably obtained from how many advocates? A One Empanelled Advocate B Two Empanelled Advocates C Three Empanelled Advocates D No need to obtain TIR.
78 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
25 In respect of Home Loans Standard category assets, Periodicity for inspection is : A Half Yearly B Once in a Year C Once in 2 Years D Once in 3 Years. 26 What is the applicable Processing Fee for SBI Car Loan for limit up to 6 lacs: A 500 + Service Tax B 1000 + Service Tax C 1500 + Service Tax D 2000 + Service Tax 27 Minimum Net Annual Income (NAI) for Salaried People to eligible for Auto Loan a) 1.50 lac b) 2.0 lac c) 2.50 lac d) 3.50 lac 28 What is the minimum loan sanctioned under Revised Kisan Credit Card Scheme A Rs.5,000/- B Rs.10,000/- C Rs.25,000/- D No ceiling 29 The Kisan Credit Card limit is sanctioned for ______years A For 1 Year B For 3 Years C For 5 Years D No specific time period 30 Under Revised Kisan Credit Card Scheme, the application should NOT be sanctioned, if the credit score is : A Not linked to Credit Score B Credit score of 25 and below C Credit score of 25 and above D Credit score of 25 to 40 31 Where Scoring Models are not in place, CRA to be carried out for exposures of : a) Rs.10 lacs and above b) Rs.25 lacs and above c) Rs.50 lacs and above d) Rs.100 lacs and above 32 Hurdle Rate in Credit Risk Assessment System is : a) SB-8 b) SB-9 c) SB-10 d) SB-11 33 All Non Performing Assets would be assigned with the CRA rating of a) SB - 13 b) SB – 14 c) SB - 15 d) SB - 16 34 Stock statement to be submitted within ______days of the succeeding month a) 5 b) 10 c) 15 d) 20 35 Penalty for non submission of stock statement for limits above Rs.10 lacs and up to Rs.1 crores a) Rs.200/- per day b) Rs.300/- per day c) Rs.500/- per day d) No penalty 36 What is the Penal interest charged on Irregular Cash Credit Accounts a) 2% b) 3% c) 4% d) 5% 37 In respect of Term Loans, disbursement beyond Rs.5 lacs should be effected through a) Demand Draft / Banker Cheque b) RTGS / NEFT c) Online transfer to Supplier‘s account d) Cash Disbursement 38 Charges levied in respect of undrawn balances of Term Loans after the stipulated date are called a) Service Charges b) Commitment Charges c) Miscellaneous Charges d) None of the above
79 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
39 What should be the Age criteria of the Chief Promoter to become eligible under SME Smart Score Scheme a) 18 to 65 years of age b) 21 to 65 years of age c) 18 to 70 years of age d) 21 to 70 years of age 40 Maximum loan can be sanctioned under ―Open Term Loan‖ a) 1 crore b) 5 crores c) 10 crores d) 20 crores 41 Margin requirement under Open Term Loan a) 10% b) 15% c) 20% d) 25% 42 What are the two Verticals created at Corporate Centre to deal with e-Dealer Finance Scheme a) SMEBU & TBU b) SCFU & PBBU c) REHBU & SCFU d) SCFU & TBU 43 Expand CRILC a) Central Depository of Information on b) Common Depository of large credits Information on large credits c) Central Repository of Information on d) Central Repository of Information large credits on letter of credits 44 What is the applicable Processing Fee for SBI Car Loan for limit above 6 lacs: A 500 + Service Tax B 1000 + Service Tax C 1500 + Service Tax D 2000 + Service Tax KEY TO PRE & POST SANCTION
Q 1 2 3 4 5 6 7 8 9 10
ANS A C D D B C C C B A
Q 11 12 13 14 15 16 17 18 19 20
ANS D C C B C B C D C D
Q 21 22 23 24 25 26 27 28 29 30
ANS C A B B D B C D C B
Q 31 32 33 34 35 36 37 38 39 40
ANS B C D D A D B B A B
Q 41 42 43 44 45 46 47 48 49 50
ANS D D C C
80 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
NPA MANAGEMENT
1 A cash credit account will become NPA if the limit is not renewed within a) 3 months from due date b) 180 days from due date c) 12 months from due date d) 9 months from due date 2 Accounts with outstanding balance of Rs. ______are eligible for enforcement as per SARFEASI Act, a) Up to Rs.1 lac b) Rs 1 lac and Above c) Rs.10 lac and above d) Above Rs.10 lac 3 The time limit provided to the borrower/guarantor in demand notice to repay the loan under SARFAESI Act, 2002 a) 30 days b) 45 days c) 60 days d) 90 days 4 If the realisable value of the security, as assessed by the bank/ approved valuers/ RBI is less than ______per cent of the outstanding in the borrowal accounts, the asset should be classified as loss asset a) 10 b) 15 c) 20 d) 50 5 . In case of doubtful assets, the secured portion of advance under D2 category attracts ______% provision a) 25 b) 40 c) 50 d) 100 6 . In case of doubtful assets, the secured portion of advance under D1 category attracts ______% provision a) 25 b) 40 c) 50 d) 100 7 . In case of doubtful assets, the secured portion of advance under D3 category attracts ______% provision a) 25 b) 40 c) 50 d) 100 8 As per SARFAESI Act, banks after giving 60 days notice, in writing, can take the possession of the assets. If the borrower makes an objection, the Authorised Officer to give the reply within a) 7 days b) 15 days c) 30 days d) One month 9 Which of the following is correct regarding a special mention account b) Provision on SMA is the same a It is to be classified as NPA Account as applicable to NPA Account d) It is a part of standard asset and Interest in such account cannot be c provisions will be made as debited applicable to standard assets 10 An agricultural advance pertaining to long duration crops is classified as an NPA when installments of principal or interest remains overdue for a) 90 days b) 180 days c) 1 crop season d) 2 crop seasons
81 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
11 . In case of doubtful assets, the unsecured portion of advance under D2 category attracts ______% provision a) 25 b) 40 c) 50 d) 100 12 An agricultural advance pertaining to short duration crops is classified as an NPA when installments of principal or interest remains overdue for a) 90 days b) 180 days c) 1 crop season d) 2 crop seasons 13 In case of doubtful assets, the unsecured portion of advance under D1 category attracts ______% provision a) 25 b) 40 c) 50 d) 100 14 What is the time period to be given under Sale Notice as per SARFAESI Act ? a) 15 days b) 30 days c) 45 days d) 60 days 15 Establishment of CERSAI is as per the provisions of ------Act a Banking Regulation Act b SARFAESI Act c R.B.I.Act d Indian Contract Act 16 Delay in filing satisfaction of charges with CERSAI attracts a penalty of ------a Rs. 100 per day b Rs. 1000 per day c Rs. 5000 per day d Rs. 10000 per day 17 As per SARFAESI Act publication of Possession Notice is ------a Mandatory b To be published if returned by Mortgagor c As per the discretion of Branch d As per the discretion of Manager Authorised Officer 18 Provisioning requirement in case of Agricultural advances in Standard category a) 0.25% b) 0.40% c) 0.50% d) 0.75% 19 Teaser loans under ―Standard‖ category advances attracts a provision of ------a) 0.25% b) 0.40% c) 1.00% d) 2.00% 20 Restructured advances under ―Standard‖ category requires provisioning of ---- a) 1.00% b) 2.00% c) 4.00% d) 5.00%
KEY TO NPA MANAGEMENT:
Q 1 2 3 4 5 6 7 8 9 10 ANS B B C A B A D B D C Q 11 12 13 14 15 16 17 18 19 20 ANS D D D B B C A A D D
82 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
TECHNOLOGY & ANY TIME CHANNELS
1 Under quick transfer facility Rs.______can be remitted per user per day. A Rs.3000/- B Rs. 5000/- C Rs.7000/- D Rs.10000/- 2 CVV stands for A Card verified vendor B Customer verification value C Card verification value D Customer value verified 3 For which type of cards cash withdrawals and enquiry is restricted to SBI Group ATMs only? A Combo Card B e-z Pay Card C Smart Card D None of these 4 PAN number can be updated by the customer at A Home branch B Any branch C Online sbi D A & C 5 What is the maximum number of transactions covered in mini statement issued at ATMs? A 5 B 8 C 10 D None of these 6 As per Bank's customer Grievance Redressal policy, all complaints should be resolved within a maximum period of ___days A 7 B 14 C 15 D 21 7 What percentage of commission distributed to the branches on WU Money Transfer transactions? A 25 % B 50% C 75 % D 100% 8 Which is the Trade Finance software and it is obtained from whom? A CS IMPEX – Microsoft B CS Exim Bills – China Systems, Taiwan C Exim Solutions – from HCL D None of these 9 Corporate General Ledger (CGL) is maintained by software A Finance One – Commlink USA B Finance One – TCS C Finance One – Infosys D None of these
83 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
10 Maximum no of accounts that can be enabled from Mobile Banking services? A 10 B 5 C 3 D Only 1 11 Minimum/ Maximum Amount that can be remitted through RTGS A No Minimum & No Maximum B Minimum Rs 1 Lac & No Maximum C Minimum Rs 50,000/- & Maximum D Minimum Rs 2 lac & No Rs 100 Lac Maximum 12 Which of the followings is incorrect regarding Custody of Undelivered ATM Cards & PIN? A Undelivered ATM Card & PIN should B All Cards which cannot be be kept in separate Custody delivered within 45 days should be recorded in a register and hot listed C The PIN Mailers, not delivered within D None of these 45 days should be recorded in a register and destroyed effectively and cards may not be hot listed 13 Who provides connectivity among ATMs of various banks? A Central ATM centre B Central ATM switch C National ATM centre D National Financial switch 14 Nodal Branch for Western Union Money Transfer Payments is A Mumbai Main Branch B Overseas Branch Chennai C NRI, Kochi Branch D Overseas Branch Mumbai 15 Error code 62 in ATM means A Invalid PIN B Expired Card C PIN Tries Exceeded D Ineligible Account 16 Which of the following is true in respect of availability of transaction rights in Retail INB? A Only View rights available B View or View and transaction rights or Limited transactions rights available C View or View & Transaction Rights D None of these are true available
84 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
17 Quick transfer is available under which facility A ATM B Mobile Banking C Internet banking D None of these 18 Facility of generating virtual token and getting services will be available at A Any branch B PBB C CEEP D No such facility 19 m-cash facility available under A ATM B Mobile Banking
C Internet banking D None of these 20 Gift Card is valid upto: A 6 months B 1 Year
C 3 Years D 5 Years 21 In RINB, when customer requests for re PIN generation, where will he get the PIN A Home branch B Any branch C Customer‘s registered address D Online setup 22 In RINB ATM card services, which of the following is not available A Blocking of ATM card B ATM request C ATM limit set up D None of these 23 Under SBI quick missed call banking , the customer can get A Balance enquiry B Mini statement C Blocking of ATM card, product D All the above information 24 State Bank Buddy is available for A SBI customers B Any bank customers
C Any persons D All of these 25 Slogan of State Bank Buddy is A Anyone, Anytime, Anywhere B Any SBI customer any time
C 24x7 D Pure banking nothing else
85 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
26 What is the monthly fund transfer limit in state bank buddy A 10000 B 20000 C 50000 D No limit 27 Required hand set for downloading state bank buddy is A Any android mobile handset B A Smartphone with Android Operating System (Version 3.0 or above) C Any mobile hand set D Any of these 28 C-Edge Technologies is a joint venture between SBI and __- A TCS B INFOSYS C COGNIZANT TECHNOLOGY D WIPROA SOLUTIONS 29 Out of the following, which has not been the slogan of SBI so far? A The Nation Banks on us B Banks that runs the economy
C With you all the way D The Banker to every Indian 30 Under ATM card to card transfer, what is the transaction and day limit A No limit B Both Rs. 40000/-
C No such facility in ATM D Transaction limit Rs.40000, no day limit 31 In the light of changing trends in the International Banking scenario, due to globalization, who has introduced Risk Based Supervision in Indian Banks? A Government of India B Reserve Bank of India C Indian Banks Association D World Bank 32 USSD stands for A Unstructured Supplementary Source B Unstructured Supplementary Data Service Data C Under Supplementary Service Data D None of these 33 MMID has ____digits A 7 B 9 C 11 D 15
86 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
34 For registering mobile banking SMS needs to be sent to__ A 18001801290 B 1800112211 C 9223440000 D 9443220000 35 First Bank in India to introduce the concept of ―Digital Banking‖ A ICICI Bank B Corporation Bank C Yes Bank D SBI 36 PIN stands for A Personal Identification number B Permanent identification no. C Personalized index number D Personal important number 37 Under VISA money transfer the amount up to _____can be remitted A 25000 B 50000 C 75000 D No limit 38 Under achievers card , minimum and maximum amount can be issued is? A 500, 50000 B 500, 100000 C 100, 50000 D 100, 100000 39 PPK has unique _____digit number A 3 B 6 C 10 D 12 40 IRATA stands for A Internet Banking Request Approval B Immediate banking through through ATM ATM C Inter bank request for transfer D None of these 41 The online opening / closure facility through e-RD available between A 24 hours B 8.00 am to 8.00 pm C 10 am to 4.00 pm D 10 am to 8.00 pm 42 Resetting of profile password in RINB can be done by A Home branch only B Any branch C CBS D Online by submission at home branch 43 For transactions done through m-cash are valid for a period of A 3 days B 5 days C 7 days D Same day
87 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
44 What is Online Forex Outward Remittance? A Internet-based Forex Outward B Available in CBS Remittance facility available on www.onlinesbi.com to the individual Personal Banking Segment customers of the Bank C Available in only at NRI branches D None of these 45 What is home page ? A First page of the book B First page of the website C Last page of the website D None of these 46 Expand SMS A Short mail service B Short message server C Short message service D Short mail server 47 Anti virus used in our bank is A Symantec B Mcafee C Foxpro D Trend Micro 48 Multi administrator facility is available in which of our CINB variants A Saral & Khata B Khata Plus & Vistaar C Khata Plus & Vyapaar D Vyapaar & Vistaar 49 Green Remit Card per transaction limits is ______subject to a monthly cap of ____per remitter A Rs. 5000/- & Rs.25000/- B Rs.25000/- & Rs. 1 lac C Rs.5000/- & Rs. 50000/- D Rs.25000/- & Rs. 50000/- 50 CDM allows the customers to make an envelope-free cash deposit of up to _____ notes with a maximum limit of Rs ______/- at any instance A 100 and Rs.49900/- B 200 and Rs.49900/- C 100 and Rs 100000/- D 200 and Rs 100000/- 51 The e-Card(Virtual Card) will expire as soon as the transaction is Completed. What is/are the other situation when card will expire A By blocking the card over toll free B If the Card is cancelled number. C The Card is not used for 48 hours D B or C after creation
88 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
52 Cooling period in respect of third party‘s added in RINB is_ days and limit__ A 5 days & Rs. 50000/- B 4 days & Rs.1,00,000/- C 3 days & Rs.100000/- D None of these 53 Max Number of Self Acs, Payees, Billers that can be registered for Application/WAP based State Bank Mobile Banking at any given point? A 3 Each B Unlimited C 10 Each D 5 Each 54 SBI ATM Cards are Processed & Issued By A VISA Division B Visa/MasterCard C Venture Infotek Global Private Ltd, D Mastro Division DEI Cards & Fulfillment Division, Global IT Centre, CBD Belapur 55 Failure of Bank‘s computer system as per Basel II norms is attributable to which type of risk A A. System Risk B. Computer Risk C C. Operational Risk D. Technology Risk 56 First Public Sector Bank in India to use Cheque Truncation System A A. Bank of Baroda B. State bank of India C C.Bank of India D. ICICI BANK 57 RAM stands for A Random Access memory B Random available memory C Readable access memory D Readable available memory 58 The following is established to provide connectivity among net worked ATMs A NFS(National Financial Switch) B IFS(Indian Financial Switch C Ban knet D IMPS 59 As a measure to protect the gullible customers from the miscreants, who are cheating them through various social engineering tactics adopted on the ATMs ,Bank has reduced the PIN entry time to ______A 10 Seconds B 20 Seconds C 30 Seconds D 40 Seconds 60 The Daily POS limit for new Business card State Bank Premium(Platinum)is A Rs 1 Lac B Rs 2 lacs C Rs 3 lacs D Rs 5 Lacs 61 ―Hot listing‖ of Card refers to
89 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
A Mutilated Card B Revalidation of Card after expiry C Deactivation of lost ATM Card at D None of these ASC 62 The First 6 Digits of the ATM Card number represent the A Bank Number B Bank's Institutional Identification number (BIN) C Branch Number D Pin Number 63 As per present instructions, in case of loss/stolen ATM card, the customer can block his ATM card in the following ways: a) By lodging online request in 'Block ATM card' under 'e-Services' tab in post Login section of OnlineSBI. b) By calling up the contact centre. c) By giving a written request at the branch, which in turn either calls up the contact centre or lodges a service desk request for blocking of the ATM card d) By sending an SMS to 567676 A A only B B & c only C All the above D None of these 64 As per our Banks IS Security Policy, which of the following is treated as Security violation? A Connections modems to computers B Introducing Virus without approval C Bypassing Access control D All of the above Mechanism 65 Expand TLC A Tech Leading center B Tech Learning Centre C Tech Lending Center D Tech Learning Cell A customer can avail INB facility by 66 A Home Branch B Any branch of choice C Online registration without branch D Any of these visit 67 Number of variants available under State Bank Anywhere platform A 1 B 2 C 3 d 4 68 NRI customer while performing INB transactions can get OTP through E- mail as well in PDF format duly protected. Password to open the mail is-- A Mobile Number B Account Number C PAN number D None of these
90 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
69 To get e-mail statement through state bank samadhan application, the customer should have______and password to open the mail id is______A e-mail & four digit PIN B Account number & PAN No. C Android Mobile & mobile number D Correct address & date of birth 70 INB user can transfer funds within the same CIF; min and max amount would be A Rs. 1/- & Rs.2,00,00,000/- B Rs.1/- & Rs.20,00,000/- C Rs. 1/- & Rs.2,00,000/- D Rs.1/- & Rs.20,000/- 71 Expand IMPS A Immediate Payment Service B Immediate Payment Solutions C Immediate Payment Section D Intermediate payment Solutions 72 (ADS) Active Directory Services developed by - A Infosys B GITC Belapur C Microsoft D TCS 73 What is Metagrid? A It is a computer security grid B it is related to service charges for forex related services C It is a CBS server maintained New D Metagrid is web based Delhi as a back-up software application for retail sale of gold coin 74 What is the name of the software used for online forex rates A CBS Roopantar B Mercury FX C SFMS D Exim Bills 75 All apps of state bank group are available at one platform called______
A 1 market B Mobile store C State bank app kart D Google play store 76 What is the transaction limit in RINB under IMPS A Upto a cumulative of Rs.2.00 lacs B Upto a cumulative of Rs.1.00 per user lacs per user C Upto a cumulative of Rs.0.50 lacs D No such limit per user
91 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
77 Roopantar is a modified version of A Mobile banking application B CBS application C Internet banking application D Core banking solutions 78 Role of Administrator is mandatory in respect of following CINB variants. A Khata Plus B Vyapaar C Vistaar. D All of these 79 For sole proprietorship account, which CINB facility can be provided for enquiry rights A Khata B Saral C Vyapaar D Vistaar 80 State Bank Secure OTP" is an application can be used for __ A OTP generation App for mobile B OTP generation App for Banking Internet Banking transactions (INB), C OTP generation App for online D None of these transactions 81 Under m-cash transactions, the uniform service charges of ____ per transactions will be recovered from the customer A Rs. 5/- B Rs.4/- C Rs.2.50 D Free of cost 82 Under RINB facility Loan against shares what is the minimum and maximum limit. A Rs.1,00,000/- & Rs.10,00,000/- B Rs.50,000/- & Rs.10,00,000/- C Rs.50,000/- & Rs. 20,00,000/- D Rs.50,000/- & Rs.10,00,000/- 83 EMV chip security enabled cards introduced by SBI - EMV stands for A Electronic Master Card & Visa B Euro Pay, Master Card& Visa C Electronic Monitoring Vehicle D Electronic Master Value 84 HTTP stands for A Hyper text Transfer protocol B High Text Transfer protocol C Hyper Test Transfer protocol D High Test Transfer protocol 85 Bank Disaster recovery centre is located at A Hyderabad B Delhi C Mumbai D Chennai
92 MARGADARSHINI- A GUIDE FOR PROMOTION ASPIRANTS : BY TEAM SBLC SECUNDERABAD
86 The following services are not available in RINB A Mutual fund details, Sbi life details B Home loan intt certificate C ATM card issue D None of the above 87 Minimum Overdraft can be availed under RINB A 25000 B 50000 C 75000 D 100000
KEY TO TECHNOLOGY & ANY TIME CHANNELS
Q 1 2 3 4 5 6 7 8 9 10 A D C B D C D C B A B Q 11 12 13 14 15 16 17 18 19 20 A D C D C C B C C C B Q 21 22 23 24 25 26 27 28 29 30 A D D D D A B B A B D Q 31 32 33 34 35 36 37 38 39 40 A B B A C D A B B C A Q 41 42 43 44 45 46 47 48 49 50 A B B B A B C D B B B Q 51 52 53 54 55 56 57 58 59 60 A D B D C C A A A B D Q 61 62 63 64 65 66 67 68 69 70 A C B C D B D C A A A Q 71 72 73 74 75 76 77 78 79 80 A A C D B C A D D A B Q 81 82 83 84 85 86 87 88 89 90 A C C B A D D A
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GENERAL AWARENESS-I
1 Which country is having highest foreign reserves a) India b) China c) USA d) Japan 2 Bhuddist scriptures are in which language a) Devanagari b) Pali c) Sanskrith d) None of these 3 Which is the world‘s largest retail chain a) Walmart b) Demart c) Reliance Fresh d) Spencers 4 The Statue of Unity is being built in honour of a) Jawaharlal Nehru b) M K Gandhi c) Sardar Patel d) Subash Chandra Bose 5 Telangana State Bird a) Indian Roller ( Pala Pitta) b) Sooty Tern c) White Breated d) Great Indian Bustard 6 Who has been appointed as India‘s next Ambassador to WTO a) Anjali Prasad b) J S deepak c) Shashi Taroor d) Amit Singla 7 Which of the following film got Best Picture award at Oscar award a) Moon Light b) La La Land c) Casey Afflek d) None of these 8 Who is the chairman of ISRO ? a) Kasturi Rangan b) Radha Krishna c) Satish Reddy d) Kiran Kumar 9 Most happiest country in the world as per UN World Happiness Report 2017 a) Norway b) Sweden c) Japan d) UK 10 World‘s Top country as per Human Development Index (HDI) a) Switzerland b) Australia c) Norway d) USA 11 Goods and Services Tax (GST ) works under a) CBDT b) CBEC c) ECGC d) None of these 12 Who has been appointed as New spokesperson of Ministry of External affairs? a) Kishore Rao b) Gopal Baglay c) S S Garbyal d) Anil Kumar Wahal 13 Antyodaya Express is operational between a) Ernakulam and Howrah b) Dibrugarh and Kanyakumari c) Thiruvanatapuram and Guwahati d) Ernakulam and Barauni 14 SKYPE LITE a variant of video and voice calling app launched by a) Micro Soft b) TCS c) Facebook d) Google
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15 Who is the National Security Advisor a) Duggal b) Ajit Doval c) Amit Sigla d) Subramaniyan 16 Peso is the currency of which country a) Brazil b) South Korea c) Mexico d) Norway 17 Federal Reserve is the central Bank of a) UK b) USA c) Japan d) China 18 RBI subsidiaries a) National Housing Bank b) NABARD c) DICGC d) a,b,c 19 Sukanya Samrudhi related to a) Women b) Men c) Girls d) Boys 20 According to a report by New World Wealth, which is the richest Indian city a) Pune b) Mumbai c) Bangalore d) Hyderabad
KEY TO GENERAL AWARENESS-I
Q 1 2 3 4 5 6 7 8 9 10
ANS B A A C A B A D A C
Q 11 12 13 14 15 16 17 18 19 20
ANS B B A A B C B D C B
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GENERAL AWARENESS-II 1 Kush Bhagat is associated with which sports? A Chess B Baddminton C Tennis D Wushu 2 Who is the new Chief of the Army Staff (COAS) of the Indian Army? A Vikram Singh Rathore B Bipin Rawat C Velu Nair D Birender Singh 3 India‘s first transgender school ―Sahaj International‖ has started in which state? A Tamilnadu B Kerala C Karnataka D Andhra pradesh 4 Which state government has recently declared 50% reservation in judicial services for OBCs, SCs, STs and EBCs? A Odisha B Madhya Pradesh C Bihar D Assam 5 Which of the following banks has tied up with online portal ―magicbricks.com‖ to conduct joint marketing activities? A ICICI B Punjab National Bank C HDFC D State Bank of India 6 The book ―The Secret Chord‖ has been authored by whom? A Alice Hoffman B Geraldine Brooks C T D Ramakrishnan D Tishani Doshi 7 The Ministry of Drinking Water and Sanitation has launched a nation wide campaign titled ‗Darwaza Band‘ to promote A Drinking Water B Toilet usage C Cleaning of Roads D Rain water harvesting 8 The Swachh Bharat Abhiyan or Mission, launched on A 15.08.2014 B 02.10.2014 C 01.01.2015 D 02.10.2015 9 Sangeet Natak Akademi Puraskar for the year 2016 was awarded to A Wajid khan B Satyabrata rout C Hariprasad chaurasia D Pandit shiv kumar sharma 10 Indias Forex Reserves as on 02.06.2017 in US Dollar A $ 372.21 Billion B $ 381.17 Billion C $ 352.75 Billion D $ 325.26 Billion 11 Repo Rate and Reverse Repo of RBI as on June 2017 are A 6.25%, 6.00% B 6.00%, 5.75% C 6.00%, 6.25% D 6.50%, 6.25% 12 SLR and CRR of Banks as on June 2017 A 20.50%, 4.00% B 20.00%, 3.50% C 20.00%, 4.00% D 21.00%, 4.00% 13 The Union Civil Aviation Ministry has announced regional aviation routes and airlines after the first round of bidding under A UDAN Scheme B Flying Machine Scheme C Apna Flight Scheme D Local Flight Scheme 14 Which state government will start free mortuary van service for its‘ citizens? A Himachal Pradesh B Punjab C Uttar Pradesh D Madhya pradesh
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15 Which water conservation model has been selected for the national award for excellence in the Mahatma Gandhi national rural employment guarantee programme (MGNREGP)? A Project Jal Sanchay B Project Jal C Project Jal Jyothi D Project Jal Marg 16 India‘s first underwater metro tunnel will come up in which city? A Mumbai B Kolkatta C Kochi D pune 17 How many Indian states share border with Myanmar? A 4 B 3 C 5 D 2 18 India has signed pact with which country on Parliamentary Cooperation? A Vietnam B Japan C Maldives D Mauritius 19 Who has won the 2017 French Open Women‘s Singles Tennis Tournament? A Kristina Mladenovic B Garbine muguruza C Jelena ostapenko D Simona halep 20 Who has won the 2017 French Open Men‘s Singles Tennis Tournament? A Roger Federer B Novak Djokovic C Stanislas wawrinka D Rafael Nadal 21 Which Indian personality has been selected for France‘s highest civilian award ―Legion of Honour‖? A Amitabh Bachchan B Shahrukh khan C Soumitra chatterjee D Kamal hasan 22 The Canara Bank has tied up with which general insurance company to sell policies through its branches? A New India Assurance Company B National Insurance Company Limited C United India Insurance company D Oriental Insurance Company Ltd 23 Dr C Narayana Reddy, who passed away recently, was associated with which field? A Politics B Journalism C Poetry D Law 24 Who has been conferred with the 2017 Kalinga Literary Award? A Haraprasad Das B Ananad Neelakantan C Dinanath pathy D Paramita Satpathy 25 The World Day Against Child Labour is observed on which date? A June 12 B June 11 C June 13 D June 10 26 Which Indian sportsperson has featured in the 2017 Forbes list of world‘s highest paid atheltes? A Virat Kohli B Sania Mirza C M S Dhoni D Leander Paes
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27 Which bank has become the first Indian bank to launch bio-degradable prepaid gift cards? A Axis Bank B ICICI Bank C SBI D HDFC Bank 28 India and which United Nations organization have launched partnership fund to promote sustainable development? A UNESCO B UNIDO C UNOSSC D UNWTO 29 Which Indian American has been chosen for the 2017 NASA Astronaut Candidate Class? A Kayla Barron B Jasmin Moghbeli C Robb Kulin D Raja Chari 30 Which state government has recently signed MOU with Union Aviation Ministry for Udan scheme? A Kerala B Madhya Pradesh C Uttar Pradesh D Tamil Nadu 31 The Mahananda Wildlife Sanctuary (MWS) is located in which state? A West Bengal B Uttar Pradesh C Bihar D Assam 32 India‘s first-ever Rural LED Street Lighting Project will be set up in which state? A Andhra Pradesh B Kerala C Uttar Pradesh D Assam 33 What is the India‘s rank in the 2017 IMD World Competitiveness Index? A 37th B 41st C 45th D 28th 34 Which state has become the India‘s first state to launch single-women pension scheme? A Andhra Pradesh B Telangana C Kerala D Karnataka 35 Who has been sworn-in as the new President of Serbia? A Ivica Dacic B Tomislav Nikolic C Dragan Sutanovac D Aleksandar Vucic 36 What is the India‘s rank in the 2017 Global Peace Index, as per global think tank Institute for Economics and Peace (IEP)? A 141st B 133rd C 155th D 137th 37 India‘s first automatic coastal warning for disasters will come up in which state? A Tamil Nadu B Maharashtra C Odisha D Andhra Pradesh 38 What is the 2017 theme of World No Tobacco Day (WNTD)? A Tobacco: deadly in any form or B Tobacco – a threat to disguise development C Tobacco kills, don‘t be duped D Tobacco:deadly for human development
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39 Who has become the new vice-chairperson of National Commission for Minorities (NCM)? A Sulekha Kumbhare B George kurian C Sunil Singhi D Vada Dasturji 40 Which country has the most complex tax jurisdiction in Asia-Pacific, as per 2017 Asia Pacific Tax Complexity Survey conducted by Deloitte? A China B Australia C Japan D India 41 What is the India‘s GDP growth forecast for FY 18, as per World Bank (WB)‘s latest report ―India Development Report‖? A 7.2% B 7.4% C 7.7% D 7.5% 42 Which country has become the first Asian country to recognize same sex marriage? A Taiwan B Lebnon C Timor-Leste D Jordon 43 The boring of India‘s first underwater rail tunnel has completed under which river? A Kaveri River B Godavari River C Hoogly River D Krishna River 44 Which country‘s police has officially recruited the world‘s first operational robot police officer ―Robocop‖? A UAE B Israel C Japan D Germany 45 Which country hosted the 2017 North Atlantic Treaty Organization (NATO)? A Romania B Belgium C Italy D Latvia 46 The Union Government has launched which web portal for online documentation verification for students? https://www.gktoday.in/gk-current-affairs-quiz-may-25-2017/ A e-Verification B e-sanad C e-students D e-certificates 47 Which country has topped the 2017 Renewable Energy Country Attractiveness Index (RECAI) released by Ernst and Young (EY)? A China B India C Germany D Australia 48 The International Museum Day (IMD) is observed on which date? A May 22 B May 21 C May 18 D May 19 49 India‘s first electric cab fleet will be launched in which city? A New Delhi B Nagpur C Lucknow D Bhopal 50 Who has been sworn-in as the new President of South Korea? A Moon Jae-in B Hong Joon-pyo C Goh Kun D Roh Tae-woo
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KEY TO GENERAL AWARENESS-II
Q 1 2 3 4 5 6 7 8 9 10
ANS A B B C D B B B B B
Q 11 12 13 14 15 16 17 18 19 20
ANS A C A B A B A D C D
Q 21 22 23 24 25 26 27 28 29 30
ANS C A C A A A A C D D
Q 31 32 33 34 35 36 37 38 39 40
ANS A A C B D D C B B A
Q 41 42 43 44 45 46 47 48 49 50
ANS A A C A B B A C B A
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GOVT BUSINESS
1 SBI conducts Govt. Business as agent of RBI wherever banking department of RBI is not established under A u/s 45 of RBI Act and S 32 of SBI B U/s 55 of RBI Act and S 62 of Act SBI Act C u/s 65 of RBI Act and S 42 of SBI D u/s 23 of RBI Act and S 54 of Act SBI Act 45. 2 State Govt Challans will be enfaced by whom (Enfacement means that the Bank is authorised to credit into a specified Govt. A/c) A Collector B Treasury Officer C MRO D None of these 3 A SWO can accept Govt. receipts up to which amount and issue receipt. It need not be counter-signed by the Manager (cash) A Rs.10,000/- B Rs 3000/- C Rs 5000/- D None of these 4 Govt bills are drawn by drawing officer and thereafter passed by Treasury Officer for payment at the Bank. After that, the Govt Bill is called as what ? A Bills of Exchange B Negotiable Instruments
C Quasi Negotiable Instruments D Pay Order 5 While obtaining physical Life Certificates, Branches must obtain – ------so as to seed them in their pension accounts A PAN Number B date of birth of spouse C Aadhar number D Mobile Number 6 Family pension can now be paid up to ------years of age to both son and daughter. In case of daughter it can be paid till ------years or marriage whichever is earlier. Also getting employment is no bar A 18 Years B 25 years C 21 years D 30 years 7 Transactions relating to the following government business undertaken by agency banks are eligible for agency commission: A Revenue receipts and payments on B Pension payments in respect behalf of the Central/State of Central/ State Government Governments C Special Deposit Scheme (SDS) 1975 D All the above & Public Provident Fund (PPF) Scheme, 1968 & Senior Citizen Savings Scheme (SCSS), 2004
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8 This of the following is correct regarding Govt Cheque. A Govt cheque is issued by various B Govt cheques are issued non Central Govt departments - transferable and ‗to order‘. Railways, Defence, Postal, Union Ministries, CBDT & CBEC. C Govt cheques drawn on bank are D All the above treated as Negotiable Instruments & Validity of these cheques vary vis-à- vis issuing department 9 Which of the following is correct regarding pension payments? A Pension payment can be made into B Pension for the month of March a joint account opened by a is payable on 1st of April & pensioner with his/her spouse in Commuted portion of pension whose favour an authorization of can be restored after 15 years family pension exists in the PPO from the date of commutation. C Recovery of excess pension paid, if D All the above any, to be made from the available balance in the account immediately on detection. In case it is not possible then to be recovered in installment from the future payable pension. Such installment should not exceed 1/3rd of net pension. 10 Income Tax Refund Order (ITRO) is a A Quasi- Negotiable Instrument B Valid for 3 Months C ITRO upto Rs 25000/- credited D All the above are correct through ECS. 11 Sharing of Govt commission received between dealing branches and link branch A 75:25 B 60:40 C 70:30 D 85:15 12 Number of commissionable transactions for payment of agency commission on account of pension in a year should not exceed. A 15 B 14 C 12 D 10 13 Agency banks will be liable to pay penal interest at ------as notified by Reserve Bank of India plus 2% for any wrong claims of agency commission settled A Base rate B Bank Rate C PLR D Maximum deposit interest rate 14 In case of loss of Govt. challan… A Duplicate is not issued to the B Certificate of credit can be issued depositor. about receipt of amount of the challan C A and B D Duplicate is issued
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15 Validity of the Pay order is upto… A 10 days B till the end of the month of the pay order C a or b whichever is earlier D One month 16 After expiry of the validity period of pay order, it can be revalidated by Treasury Officer. Revalidation extends its validity for …. A another 10 days B One day
C a or b whichever is earlier D one month 17 Online Tax Accounting System (OLTAS) introduced wef 1.06. 2004 for collection of…. A Corporation Tax B Income Tax C Wealth Tax and Gift Tax D All the above 18 Challan Identification Number (CIN) consist of A BSR Code of the bank branch (7 B Date of Presentation of digit Challan (DD/MM/YY) C serial number of Challan (5 digit) in D All the above the branch on that day
19 OLTAS transactions to be credited to Govt. account at CAS, Nagpur within A T+3 day including Sunday & Holiday B T+3 day excluding Sunday & Holiday C T+7 day including Sunday & Holiday D T+6 day including Sunday & Holiday 20 Full form of (EASIEST) A Electronic Accounting System in B Excise Tax Accounting Excise and Service Tax System in Excise and Service C Electronic Accounting System in D Electronic Accounting System External Services in Excise and Service Tarif 21 CBEC has made e-payment of Central Excise & Service Tax mandatory for Assessees paying the tax of ______& over w.e.f. 01.01.2014. A Rs 1,00,000.00 B Rs 2,00,000/- C Rs 50,00,000/- D Rs 60,000/- 22 CBEC has decided to designate ______(9 a.m. to 1 P.m) as Taxpayers day wherein all heads in the field will meet the taxpayers/other stakeholders without any prior appointment in order to address their grievances relating to Central Excise / Service Tax / Customs expeditiously. A Wednesday B Saturday C Monday D Tuesday 23 Settlement of Central Govt transactions are done by A GAD, Navi Mumbai with CAS, RBI, B SBI Central Office NAGPUR C Respective LHO‘s D All the above
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24 Settlement of Central/State Government Transactions other than CBDT should take place with RBI within A T+1 working Days for online B T+3 working days, where the /electronic receipt transactions. dealing and Focal Point & T+12 working days, where the branch are located at the dealing Branch is located in Remote same centre , excluding the Locality, Difficult and Hill Areas , settlement day for physical excluding the settlement day for receipt transactions physical receipt transactions. C T+5 working days, where the dealing D All the above are correct and Focal Point branch are located at different centre‘s, excluding the settlement day for physical receipt transactions
25 . All remittances of Deposit Schemes of the Ministry of Finance (PPF/SCSS)- to be credited into the govt. account with RBI, CAS Nagpur within 3 days (excluding holidays). In case of delay beyond 3 days, the penalty will be calculated A Total number of days i.e. grace B Total number of days period of 3 days will not be allowed including grace period of 3 to the Bank. days.
C Total number of days including D None of the above holidays and grace period of 3 days 26 Balance in Govt. General A/c to be transferred to Govt. Accounts Department, Navi Mumbai every year A on 30th Sep B on 31st Mar C on 31st Dec D on 1st April 27 Which of the following is wrong A PAN : Permanent Account Number B TAN :Tax Account Number is is a 10 character alpha numeric a 10 character alpha numeric number the format: number allottedto a tax 5(Alpha)+4(Numeric)+1(Alpha) deducting authority for deduction of tax at source. The structure of the TAN is 4(A)+5(N)+1(A) C E Kuber -Core Banking Solution of D None of the above RBI & ICEGATE Electronic Commerce/Electronic Data interchange (EC/EDI) Gateway.: is the electronic payment gateway of customs department
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28 Which of the following is correct A UMEA- Union Ministry Expenditure B GEPG -Government e- Account Payment Gateway C GSTN -Goods and Services Tax D All the above Network & e-GRAS Online Government Receipts Accounting System 29 New Challan format of CBEC Credits is A GAR 7 B GAR 5 C GAR 6 D GAR 3 30 Electronic Accounting System For e-receipts (EASeR) introduced to enable the e-payment of central excise / service tax by assesses themselves through …. A NSDL-EASIEST website B CBS C A and B D None of these
KEY TO GOVT BUSINESS
Q 1 2 3 4 5 6 7 8 9 10 ANS A B B D C B D D D D Q 11 12 13 14 15 16 17 18 19 20 ANS A B B C C A D D A A Q 21 22 23 24 25 26 27 28 29 30 ANS A A A D A A D D A A
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DESCRIPTIVE - COMPREHENSION Tips for Answering Comprehension Tests
Reading comprehension implies understanding the meaning of a given article or a short passage. Comprehension tests are meant for testing the understanding level and power of the reader. You are required to read carefully and answer the questions. You need to have a complete understanding of the passage before attempting to answer the questions. Here are some of the tips for answering the questions given in comprehension.
1. Read Instructions Carefully: You should always be extra careful when reading the instructions. You may miss or even misunderstand important points. For example, if you are asked for antonyms or synonyms for a particular word that is in the passage, then consider the context first. Sometimes, an answer may seem familiar because it is the correct response to a different question. In addition, if you are instructed to mark your answers in a particular fashion, failure to do so may cost you credit for a correct answer. 2. Make Strategic Guesses: Make a habit of reading the choices that are provided to you before answering the questions to be sure you aren't fooled by nearly correct choices. If you are unsure of the answer, eliminate any answers that you are certain are incorrect, and then select your answer from the remaining choices. If time permits, try to answer all the questions, and then later on eliminate the ones you aren‘t sure of. 3. Read the Questions First: Whenever you are given a passage to read followed by several questions to be answered, always read the questions first. By doing this, you are well aware of what to look for in the passage when you read. This helps you focus your attention on important words and phrases, allowing you to skim, rather than having to read every word. Also, you can mark the passage lightly when you see one of those terms, making it easy to find when you're ready to verify your answer. If you first read the passage and then go on to read the questions, it often becomes necessary to search through the passage repeatedly. 4. Review Answer Sheets: After you are finished with the questions, review your paper at least twice to check for recording errors. This will help you correct your answers or reframe your sentences, if necessary. Reviewing is important in cases of multiple choice questions to be sure you don't skip questions or record your answers in the wrong space. You should always review and go back to the sections where you had doubts.
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5. Focus on the opening and closing paragraphs of longer passages: The majority of the passages you will encounter on the reading comprehension questions will be shorter, but one or two will be longer. If you are running out of time, read the opening and closing paragraphs and skim the middle. The first and last paragraphs contain the passage‘s main idea in most passages. You can go back and read body paragraphs more carefully as questions call for it. 6. Use context to help you: If a question asks about a particular line, don‘t go back in to the passage and read just that line. A good rule of thumb is to read at least 2 sentences before and after the line in question. This will give you an idea of where the point started and where the author is going with it. 7. Save unfamiliar passages for last: The passages will cover a variety of subjects, from history to science to literature. Like with any question type, do the questions that are easier first and save the harder ones for last. Each question is worth the same amount, so you don‘t want to waste a big chunk of time on a passage with a few questions when you could answer twice as many questions on easier passages. If science passages are confusing to you, come back to that one after you‘ve completed the rest. 8. Understand what the question is asking: Reading comprehension questions have the most ―gray area‖ of any question type. Some people skim through the question, not really understanding what it is specifically asking, start reading the answer choices, and pick the first one that sounds true. This is not a good strategy–many times more than one answer choice will ring true or partially true with the passage, but only one will specifically and best answer that particular question. 9. Never bring in outside knowledge: You do not require having any outside knowledge for the reading comprehension passages. Your own biases might actually hurt you when answering the questions, especially if it is an opinion passage. When provided with a test passage, read it carefully at least twice. When you are ready to answer the questions, do not use outside knowledge in selecting or formulating your answer. Always answer only from what is in the passage. Any answer that cannot be supported with information written or implied in the passage should be eliminated. 10. Note how vocabulary is used in the sentence: You will come across some ―vocabulary in context‖ questions where you will be given possible definitions of a vocabulary word in the passage. There may be more than one answer choice that gives a correct definition for the vocabulary word, but only one choice will fit the word in this particular context. Notice how the word is used in the sentence, and plug in the answer choices to see which one works best.
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11. “Select One or More Answer Choices” questions, consider each choice separately: For some of the reading comprehension questions, you will have to choose one, two, or three of the answers. This format can lead you to second- guess yourself more than with a typical multiple-choice question where you can eliminate choices decisively. To avoid these issues, consider each choice separately and only select it if you feel that it could be the only correct answer to the question. 12. Underline and take notes as you read: Read the passage actively. Underline key words or sentences that contain the main idea. Jot down any notes, probably just a word or two that you think might help you. If the author is taking a side on a certain issue, write a positive or negative sign next to the passage to remind you later what his or her position is. 13. Avoid extreme answers: Generally, if an answer choice sounds very extreme in tone, it‘s not the best choice. Be wary of answers that use words like never, always, completely, etc. There‘s usually an exception to the rule. 14. Don‟t make assumptions: Inferring and assuming is not the same thing. When you infer, you make an inference based on the information in the passage. When you assume, you make an assumption that brings in outside information or biases and is not based solely on the given passage. An assumption may seem valid, but if you can‘t back it up with statements from the passage, it‘s probably best to stay away from it.
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EXERCISE-I
What is immediately needed today is the establishment of a World Government or an International Federation of Mankind. It is the utmost necessity of the world today, and all those persons who wish to see all human beings happy and prosperous naturally feel it keenly. Of course, at times, we all feel that many of our problems of our political, social and cultural life would come to an end if there were one Government all over the world. Travelers, businessmen, seekers of knowledge and teachers of righteousness know very well that great impediments and obstructions are faced by them when they pass from one country to another, exchange goods, get information, and make an effort to spread their good gospel among their fellow-men. In the past religious sects divided one set of people against another, colour of the skin or construction of the body set one against the other. But today when philosophical light has exploded the darkness that was created by religious differences, and when scientific knowledge has falsified the theory of social superiority and when modern inventions have enabled human beings of all religious views and of all races and colours to come in frequent contact with one another, it is the governments of various countries that keep people of one country apart from those of another. They create artificial barriers, unnatural distinctions, unhealthy isola-tion, unnecessary fears and dangers in the minds of the common men who by their nature want to live in friendship with their fellow-men. But all these evils would cease to exist if there were one Government all over the world.
1. What is the urgent need of the world today ?
(A) The establishment of an international economic order (B) The establishment of a world government (C) The creation of a cultured international social order (D) The raising of an international spiritual army (E) The development of healthy relations among the various countries of the world ans (b)
2. The people who face impediments and obstructions when they pass from one country to another and do a lot of good jobs are all the following except: (A) Travellers (B) Businessmen (C) Seekers of knowledge (D) Teachers of righteousness (E) Empire builders ans (e)
3. In the past religious sects : (A) United the people with one another (B) Divided one set of people from another (C) Did a good job by way of spreading message of love and peace (D) Interfered in political affairs (E) Kept away from political affairs ans (b)
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4. What was the factor that set one man against another ? (A) Material prosperity of certain people in the midst of grinding poverty (B) Superior physical strength of some persons (C) Colour of the skin or construction of the body (D) Some people being educated and other illiterate (E) Psychological barriers ans (c)
5. The theory of racial superiority stands falsified today by: (A) Scientific knowledge (B) The ascendancy of a people who were here to fore considered of inferior racial stock (C) The achievements of the so-called inferior races in every field of life (D) The precedence given to physical prowess which the so-called inferior races possess and the so-called superior races lack (E) None of the above factors ans (a)
6. What will the world Government be expected to do? (A) It will bring about universal happiness and prosperity (B) It will end all wars for all time to come (C) It will bring about a moral regeneration of mankind (D) It will kill the satan that is in man (E) It will arrange for interplanetary contacts ans (a)
7. Which of the following problems has not been mentioned in the passage as likely to be solved with the establishment of world Government ? (A) Social problems (B) Political problems (C) Cultural problems (D) Economic problems (E) None of these ans (d)
8. What or what divide/divides people of onecountry against another ? (A) Different religions. (B) Different languages. (C) Different social and political systems of different people. (D) Material advancement of a few nationswith imperialistic leanings. (E) Government of various countries. ans (e)
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9. What does the government of various countries do to keep people of one country apart from those of another? (A) They create artificial barriers. (B) They create unnatural distinctions. (C) They foster unhealthy isolation. (D) They create unnecessary fears and dangers in the minds of the people. (E) All of them. ans (e)
10. The most appropriate title of the above passage may be: (A) The Evils Nurtured by National Governments. (B) The Unity of the World. (C) The Need of World Government. (D) The Role of Religion in the Modern Times. (E) Explosion of the Theory of Racial Superiority. ans (c)
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DATA INTERPRETITION
Study the following table and answer the questions.
Number of Candidates Appeared and Qualified in a Competitive Examination from Different States Over the Years.
Year 1997 1998 1999 2000 2001 State Qual App. Qual. App. Qual. App. Qual. App. Qual. App. . M 5200 720 8500 980 7400 850 6800 775 9500 1125 N 7500 840 9200 1050 8450 920 9200 980 8800 1020 P 6400 780 8800 1020 7800 890 8750 1010 9750 1250 Q 8100 950 9500 1240 8700 980 9700 1200 8950 995 R 7800 870 7600 940 9800 1350 7600 945 7990 885
1. Total number of candidates qualified from all the states together in 1997 is approximately what percentage of the total number of candidates qualified from all the states together in 1998? A. 72% B. 77% C. 80% D. 83%
2. What is the average candidates who appeared from State Q during the given years?
A. 8700 B. 8760 C. 8990 D. 8920
3. In which of the given years the number of candidates appeared from State P has maximum percentage of qualified candidates?
A. 1997 B. 1998 C. 1999 D. 2001
4. What is the appropriate percentage of candidates qualified from State N for all the years together, over the candidates appeared from State N during all the years together?
A. 12.36% B. 12.16% C. 11.47% D. 11.15%
5. The appropriate percentage of total number of qualified candidates to the total number of appeared candidates among all the five states in 1999 is?
A. 11.49% B. 11.84% 12.21% D. 12.57%
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The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.
Foreign Exchange Reserves Of a Country. (in million US $)
1. The ratio of the number of years, in which the foreign exchange reserves are above the average reserves, to those in which the reserves are below the average reserves is?
A. 2:6 B. 3:4 C. 3:5 D. 4:4
2. The foreign exchange reserves in 1997-98 was how many times that in 1994-95?
A. 0.7 B. 1.2 C. 1.4 D. 1.5
3. For which year, the percent increase of foreign exchange reserves over the previous year, is the highest?
A. 1992-93 B. 1993-94 C. 1994-95 D. 1996-97
4. The foreign exchange reserves in 1996-97 were approximately what percent of the average foreign exchange reserves over the period under review?
A. 95% B. 110% C. 115% D. 125%
5. What was the percentage increase in the foreign exchange reserves in 1997-98 over 1993-94?
A. 100 B. 150 C. 200 D. 620
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1. Near about 20% of the funds are to be arranged through:
A. SPVS B. External Assistance C. Annuity D. Market Borrowing
2. If NHAI could receive a total of Rs. 9695 crores as External Assistance, by what percent (approximately) should it increase the Market Borrowing to arrange for the shortage of funds?
A. 4.5% B. 7.5% C. 6% D. 8%
3. If the toll is to be collected through an outsourced agency by allowing a maximum 10% commission, how much amount should be permitted to be collected by the outsourced agency, so that the project is supported with Rs. 4910 crores?
A. Rs. 6213 crores B. Rs. 5827 crores C. Rs. 5401 crores D. Rs. 5316 crores
4. The central angle corresponding to Market Borrowing is
A. 52º B. 137.8º C. 187.2º D. 192.4º
5. The approximate ratio of the funds to be arranged through Toll and that through Market Borrowing is
A. 2 : 9 B. 1 : 6 C. 3 : 11 D. 2 : 5
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The following line graph gives the ratio of the amounts of imports by a company to the amount of exports from that company over the period from 1995 to 2001.
Ratio of Value of Imports to Exports by a Company Over the Years.
1. If the imports in 1998 was Rs. 250 crores and the total exports in the years 1998 and 1999 together was Rs. 500 crores, then the imports in 1999 was ?
A. Rs. 250 crores B. Rs. 300 crores C. Rs. 357 crores D. Rs. 420 crores
2. The imports were minimum proportionate to the exports of the company in the year ?
A. 1995 B. 1996 C. 1997 D. 2000
3. What was the percentage increase in imports from 1997 to 1998 ?
A. 72 B. 56 C. 28 D. Data inadequate
4. If the imports of the company in 1996 was Rs. 272 crores, the exports from the company in 1996 was ?
A. Rs. 370 crores B. Rs. 320 crores C. Rs. 280 crores D. Rs. 275 crores
5. In how many of the given years were the exports more than the imports ?
A. 1 B. 2 C. 3 D. 4
Study the following line graph and answer the questions based on it.
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Number of Vehicles Manufactured by Two companies ove the Years (Number in Thousands)
1. What is the difference between the number of vehicles manufactured by Company Y in 2000 and 2001 ?
A. 50000 B. 42000 C. 33000 D. 21000
2. What is the difference between the total productions of the two Companies in the given years ?
A. 19000 B. 22000 C. 26000 D. 28000
3. What is the average numbers of vehicles manufactured by Company X over the given period ? (rounded off to nearest integer)
A. 119333 B. 113666 C. 112778 D. 111223
4. In which of the following years, the difference between the productions of Companies X and Y was the maximum among the given years ?
A. 1997 B. 1998 C. 1999 D. 2000
5. The production of Company Y in 2000 was approximately what percent of the production of Company X in the same year ?
A. 173 B. 164 C. 132 D. 97
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RATIONALES-I
1 Consumption Loans are sanctioned to weaker section borrowers in addition to other credit facilities R To enable the borrower to meet obligatory unforeseen expenses. To obviate the possibility of borrower diverting the funds from the system for consumption needs to make unit unviable. 2 We should invariably send a letter of thanks to the introducer when signature on account opening form has been obtained in absentia. R To obviate the possibility of forged introduction As a matter of good gesture for patronising the Bank by introducing a new customer 3 While issuing receipt to the depositor for safe deposit articles, “contents unknown” should invariably be written in the safe deposit receipt. R Bank is not aware of the contents inside as they are sealed by customers own seal. Bank does not take cognizance of contents of the packets to avoid any complications at the time of delivery of articles. 4 Charge created by a joint stock company is registered with the registrar of companies. R Charge created is required to be registered within 30 days of its creation u/s 125 of Companies act. It acts as a notice to rest of the world in respect of the charge on assets. To get priority amongst secured creditors in the event of the company going into iquidation. 5 Why a DP note is obtained from the borrower in addition to the ornaments Pledged to the bank. R To make the borrower personally liable in the event of forced sale of ornaments and sale proceeds falling short of the amount due. 6 Repayment resulting in nil / credit balance in Agricultural Cash Credit account, we do not obtain of fresh documents R This will not render the document invalid as suitable clause has been embodied in the document. The same document holds good for number of seasons, unless the limit is increased. 7 Bank‟s name plate should be displayed prominently on all securities hypothecated to the Bank. R It serves the purpose of notice of Bank‘s charge over the goods hypothecated to all the persons concerned To gain priority of our claim over any subsequent hypothecation. 8 In case illiterate borrowers / guarantors the thumb impression should not be attested on the documents. R Any attestation on the document attracts advalorem stamp duty To do away with a separate letter as an annexure to the documents signed by two witnesses is obtained to prove that the contents of the documents were explained in a language known to the borrower / guarantor. 9 In respect of Equitable Mortgage Form 'A' is obtained subsequent to the date of creation of Equitable Mortgage R Any thing reduced to writing as to the creation of mortgage on the date of creation tantamount to creation of Regd of Equitable Mortgage 10 While financing tractors, power tillers / IP sets, etc., we obtain supplementary agreements at a later date.
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R The relevant details of these assets such as Engine No, Chassis No, make etc are not available at the time of execution of documents. In order to incorporate these details as and when the assets are procured, supplementary agreements are required to be obtained. 11 Loans against the security of shares in demat form can be given upto Rs.20 lacs per individual, whereas if they are in physical form, the maximum amount is Rs.10 lacs only. R Demat shares are better security for the bank as there is no risk of forged shares, problems in physical handling is reduced and it is easier to mark a lien in favour of the bank . In case of any default, it is much easier for the bank to sell and transfer Demat shares 12 A confirmation for debit balance on C.O.S. 48 is required to be stamped. R It becomes an acknowledgement of debt Avoids application of law of limitation. Works as a confirmation of the correctness of the entries passed through the account. 13 The Bank can not lend against its own shares
R Prohibited under Section 34(1) (b) of SBI Act Prohibited under Section 20 of Banking Regulation Act Tantamount to depletion of its own capital. 14 While granting Personal Loans bank always verifies net income of the applicant.
R SBI SARAL Loan etc. do not create productive assets, hence they do not generate any surplus. The prospect of recovery of such loan depends on the net income of the applicant. 15 While opening an account in the name of a partnership firm we obtain partnership letter even if a copy of partnership deed is submitted. R Bank‘s Partnership letter empowers the partnership firms an implied authority to open a bank account. Further the partners undertake to notify the bank of any change in the constitution of firm 16 Scale of finance per acre for granting crop loans is not uniform for the entire country. R The pattern of cropping, fertility of soil, yield , irrigation facilities, cost of cultivation are not uniform through out the country 17 The policyholder is advised to re-nominate after the loan against LIC policy is repaid. R Registration of assignment of a LIC policy with the LIC in favour of the bank cancels the earlier nomination 18 Advances are not granted against partly paid shares of a company.
R The Bank may have to pay for the unpaid calls made by the company. The Bank shall be liable for the unpaid balance in case of liquidation of the company. These are not specified securities as per Gen. Regulations 61 of SBI Act.
19 Start up period / Moratorium period / gestation period for repayment of Term Loans is allowed. R This will enable the enterprise to overcome teething troubles, stabilise commercial activity to generate sufficient accruals to repay Bank's loan.
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20 Depreciation is regarded as a source of fund
R Depreciation is a notional charge on the profits It does not result in out flow of funds from the system
21 Nominee‟s signature is not obtained on the nomination form
R The Depositor may not be inclined to let the nominee or any other persons aware of the nomination. It also facilitates to change the nomination in case of need, without any hindrance from earlier nominee.
22 A term loan for purchase of a tractor is granted for a maximum period of 9 years. R The machine is likely to depreciate completely over a period of 9 years without leaving sufficient resale value to cover the bank dues. The surplus generated by the use of tractor is sufficient to repay the advance within this period.
23 Access Letter / Rent Letter should be obtained from the landlord of the Unit if situated in rented premises. R To ensure that the Bank‘s representatives have free and unimpaired access to the rented premises of the borrower To obviate the claim of the landlord on the assets of the unit in case of any dues by the unit in respect of rent or other expenses.
24 Advances should not be granted against shares of private limited companies.
R Because transferability of such shares is restricted in terms of Section 3 of the Indian Companies Act.
25 We preserve the notices sent by post when these are returned undelivered.
R These undelivered envelopes which are branded with the postal date stamps can be produced as evidence in the court of law for having served notices to the Borrowers. 26 Even though a Contract with a Minor is void-ab-initio, Banks open savings bank account in the name of the minor. R As per Section 11 of the Indian Contract Act 1872, contract with a Minor is void. However, as per Section 26 of Negotiable Instruments Acts 1881, Minor can draw, endorse, negotiate and deliver a negotiable instrument so as to bind all parties except himself. Banker gets a valid discharge on the cheque, hence deposit accounts are opened, but no overdraft is sanctioned.
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27 Bank has declared ‘Whistle Blower Policy’.
As a proactive measure to mitigate operational, legal and reputational risk of the Bank and with a view to enhance Corporate Governance standards. The clause 49 of SEBI Listing Agreement mandates to establish a mechanism called “Whistle Blower Policy” for employees to report to the management instances of unethical behavior, actual or suspected, fraud or violation of the Company’s code of conduct or ethics policy. The Government of India had also tabled the Public Interest Disclosure and Protection to Persons Making the Disclosures Bill, 2010 popularly known as ‘Whistle Blower Bill” in the Lok Sabha. 28 Our bank implemented Credit Scoring Model for Per Segment advances.
Need to move towards implementing global standards in lending necessitated standardization in credit disbursal and credit risk management. Reserve Bank of India has also issued detailed guidelines for implementation of the new capital adequacy framework (Basel II) for estimating regulatory capital requirements for Corporate as well as Retail credit portfolios under both the Standardized and Advanced approaches. For assigning retail exposures to a pool, a rating system design is required to be put in place, which takes into account borrower risk and transaction risk characteristics, and delinquency of exposures. The Scoring Model serves as a credit decision making tool to strengthen the existing system of appraising loan applications 29 The Bank has set up Central Processing Centers (CPC).
R CPCs do the processing work of the branches at back end. These CPC’s will decrease the irregularities and consequently decrease the objection of Central Office inspectors, as the staff well get expertise in the repeated work. This will decrease the work load at the branches and free them to market, see and cross sell the products and improve the customer service 30 Insurance policies in case of vehicles are obtained only in the name of the borrower and Bank’s interest is noted.
R As the vehicles are on the move there is very likelihood that it causes loss of property / lives of others. The owner may have to face the consequences of paying compensation. In case the policies are in the joint names, Bank may be held liable to pay compensation. By noting only our interest, we can ensure payment of compensation through the account and avoid payment of compensation to others 31 BM scrutinizes staff accounts on regular basis?
This is a preventive vigilance measure and helps in detection of frauds and forger through staff accounts. It is done to ensure that no unauthorized transactions of disproportionate nature take place through staff account. Operations in the account are as per the means & life style of employee.
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RATIONALES-II
1. The Bank should persuade the account holders to open joint accounts. To enable the survivors to avail of the balances immediately and easily, on the death of either of them without the production of legal representation.
2. The depositors of the SBI are known as unsecured creditors. No depositor holds any security or has physical/ manual / symbolic / constructive charge on the assets / properties of state bank of India. Bank is an unsecured privileged debtor.
3. Letter of thanks should invariably be sent to the persons opening or introducing new accounts. For ascertaining the correctness and genuineness of the addresses and the introduction. This reduces the possibilities of frauds / forgeries. To express our gratitude for extending the patronage by the depositor to the bank.
4. Nominee‟s signature is not obtained on the nomination from. This is done to maintain secrecy, as the account holder may not always be inclined to let the nominee be aware of the nomination made by him. It also facilitates change of nomination in case the depositor so desires at a letter date without hindrance from the earlier nominee.
5. On the death of an executor / administrator, cheque issued on such an account is paid even if the deceased is one of the joint signatories. As on the death of an executor / administrator, his powers are vested in the surviving executor / administrator, as they are trustees of the estate of the deceased. Unless otherwise provided in the will or the letter of administration.
6. As soon as the minor co-parcener attains majority, we obtain his signatures on previous Joint Hindu Family letter (COS-38). To bind him for all the previous transactions done by the ‗karta‘ during the minors minority. It also signifies his assent to the undertaking given by the major co-parceners.
7. While opening an account in the name of a partnership firm, we obtain partnership Letter (COS-37) even if a copy of partnership deed is submitted. The bank‘s partnership letter empowers the partnership firm to open an account as they may not have an implied authority to open a bank account in their deed. All the partners undertake to notify the bank of any change in the constitution of the firm. All interim transactions are protected till the bank is advised of the reconstitution.
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8. A minor may be allowed to be admitted to a firm. Although the minor has no contractual capacity as per S 11 of Contract Act, he may be admitted only for benefits of the partnership with the consent of all partners, as per S 30(1) of Indian Partnership Act, 1932. However, he is not liable personally for the firm‘s obligations / liabilities / debts / losses but his share in the partnership property and the profit of the firm is liable for these.
9. Whenever there is a change in the in the constitution of a firm, the relative bank account should be closed and a fresh account opened in the name of the reconstituted firm. This is done with a view to avoiding the application of the Rule in Clayton‘s Case against the Bank As per S 61 of Indian Contract Act.
10. A cheque payable to a partnership firm should not be accepted for credit of a private / personal account of a partner without the consent of the other partners. Though the transaction is not prohibited by law, the failure to query the circumstances under which the money of the principal is being credited to the account of an agent may amount of negligence. The bank may be held liable to the true owner of the cheque for conversion.
11. We do not pay in cash the cheques drawn in favour of a company or their Managing Directors / Directors etc. It would be difficult at the time of cash payment to know the validity of the authority for giving discharge on behalf of the company. As such these are credited to the company‘s account; as the bank is the appropriate repository for cheques favoring companies. In the case of case payment of such cheques, the paying banker may be held liable to the company (true owner). The bank will deprive of the protection available to collecting banker u/s 131 of NI Act.
12. A cheque drawn by the director of a company can be paid even after his death if it is otherwise in order. As the director was not a constituent of the bank. The cheque was drawn by him under an authority / mandate, i.e. in the representative capacity. A company is a legal entity, having perpetual succession, on whose behalf the cheque was drawn by the director. Therefore, the death, insolvency or lunacy of the director does not affect it.
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13. Cheques drawn by the customers are not paid after the receipt the notice of their death. As per Section 201 of Indian Contract Act, Agency and mandates are terminated / withdrawn / revoked / cancelled on the death of the principal.
14. Account opening campaign for SB A/c and CA A/c are launch by bank time to time. To enlarge the existing base of these accounts. To improve CASA deposits of banks, that will improve the CASA ratio and cost of the deposit of the bank.
15. When crossing is cancelled, bank will take utmost care while payment of the cheque across the counter. When crossing is cancelled, the amount is paid to the drawer or his known agent only, as per IBA decision. The possibility of forging the signature of the drawer on the cheque is not ruled out; the bank must take utmost care while making payment of these cheques over the counter.
16. The deposits of the bank should be invested and lent prudently. Bank lending is made out of the resources of deposits most of which are repayable on demand. Therefore, a bank is required to maintain liquidity at all times by prudent lending and investment practice. Bank is required to pay interest to depositors out of its interest earnings on advances, which require to be safe and sound.
17. Payment of TDR of Rs.20000/- and above, should be made by crossed cheque or routed through a bank account, otherwise bank will be liable. As per S 269 of the IT Act if the amount of the term deposit is Rs.20000/- or more it must be paid by an account payee cheque or by credit to depositor‘s bank account. This measure has been introduced to curb benami transactions and prevent tax evasion.
18. A garnishee order is not applicable to the items in Safe Custody or Safe Deposit Locker with the Banks. Garnishee order is applicable to moneys in the hands of the garnishee (Bank) i.e. debtor of the judgment debtor. In this case, the relationship between the banker and Customer is that of debtor & creditor. Safe custody is entrustment of valuables for the specific purpose of safe keeping the articles (bailment) it is not attachable by garnishee order
19. One locker is always kept vacant. This will enable the branch to interchanging of wards before letting out a surrendered locker to another hirer. This contingency will happen in case all the lockers are hired out & one locker is surrendered.
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FOR AND AGAINST PROPOSITIONS
1. SBI has entered insurance business. For: The insurance sector has lot of potential to be tapped. It is profitable. Our Bank‘s brand equity, large network will be advantageous to gain reasonable market share.
Against: This will result in the loss of existing business. Existing customers coming for other than insurance business will be dissatisfied. Our Bank staff members are hardly equipped with the required expertise.
2. Our Bank should not conduct Government business. For: Branches are very much crowded and hence, high value Personal Banking customers do not prefer to deal with us.
Against: Bank earns sizeable commission on Government business. The Bank enjoys floating funds on account of Government business. It enables us to have access to Government employees / officials so that our P segment business will be increased.
3. The head “Charges” should not be available at branches. For: It enables the controllers to have better control over the expenditure of branches. Better accountability will be established.
Against: Branches have to make expenditure regularly for smooth functioning of the branches.
4. Inefficient staff should compulsorily be retired / retrenched. For: It improves the efficiency and profitability of the Bank as well as customer service. Efficient and enthusiastic staff at lower levels will get chance to get promoted to higher positions.
Against: It affects the morale of the staff. It will bring in industrial conflict. Large sums may have to be paid as compensation.
5. Efficient employees should be rewarded and inefficient employees should be punished. For: It acts as an incentive to improve profitability.
Against: Ad hoc policies may not have lasting effect as inefficiency has multiple causes.
6. CRR should be abolished. For: This enables the Banks to have additional funds which can be profitably utilized.
Against: CRR enables the Banks to meet depositor‘s demand for cash. It is an effective tool for RBI to regulate money supply, control inflation.
7. The names of Bank‟s defaulters should be publicized. For: This enables other Banks to avoid lending to such defaulters. This acts as a deterrent to the willful defaulters.
Against: Sick units which can be rehabilitated will be affected as their credit would be damaged by such adverse publicity. The Banking secrecy laws have to be amended.
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8. New Banks should be floated. For: The existing Banks can‘t cater to the needs of the total population in India. New banks will instill competition so that quality of service will improve. New customer-friendly products will be introduced.
Against: Many of the existing Banks are not performing well and burdened with NPAs. The prevailing competition, among existing Banks, is already high.
9. 5-day banking should be introduced. For: Bank employees are already overburdened and more holidays enable them to get rejuvenated. This enables them to discharge their role better in their family. Transactions through alternate channels are also increasing.
Against: Banking industry has emerged as an important utility service for the community and hence, banking services should be available all the time. It may be difficult for the Banks to beat the competition.
10. Subsidies in the economy should be immediately abolished. For: It is not fair to tax one section of the society and to provide benefits to another section. Subsidies became a burden on the economy. Because of the subsidies, sectors where investment is needed for the development of the economy, are being affected adversely.
Against: The purchasing power of the poor is very low and hence subsidy for essential consumer items has to be provided to them. All people are not getting equal opportunities for development.
11. Right to work should be made a fundamental right. For: Unemployment among people leads to frustration and poverty. Young people might be tempted to take to anti-social activities.
Against: Due to lack of resources, Government is not able to provide work to all the people. It is the duty of every citizen to ensure that he works for himself and his family.
12. The nationalized Banks should be privatized. For: Customer service has deteriorated after nationalization. Under private sector, better accountability would be established. Management control would also be better.
Against: Priority sector and weaker sections will be affected. Welfare of the employees will take back seat.
13. Income tax must be abolished. For: Industry and individuals will have better incentive and motivation to work and earn and save. This enables the Banks to attract huge sums of deposits.
Against: The Government will lose a substantial source of income so that, to that extent, welfare schemes and investments needed in important sectors will be affected.
14. Mergers and acquisitions should be encouraged. For: Small Banks will find it difficult to manage the risks. It will be easier for regulators to control the Banks. It is international practice.
Against.: Mere merger will not solve problems like NPAs, unproductive branches etc. It is difficult to deal with HR issues.
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15. Employees have the fundamental right to strike. For: An individual employee is weak and powerless as against the employer. Hence strike has emerged as a collective weapon of Labour to protect their interests against exploitation.
Against: Now, society became dependent on services provided by Labour and hence, any strike will affect the smooth functioning of society. It may become a practice by Labour to threaten the employer to satisfy their vested interests.
16. Public sector Banks should not be in the ambit of CBI / CVC. For: Because of the fear of CBI, credit decisions are being affected. Bank executives have to take reasonable risks for business growth and development.
Against: Corruption is prevalent in society and Banking transactions are financial transactions and hence, Bank officials may fall prey to corruption.
17. Credit cards are ruining the credit culture in the society For: Due to intense competition, due diligence is not being done. Easy availability of credit and lavish life styles have got the young people debt-trapped. Default rate will go up.
Against: It is an easy, hassle-free mode of credit dispensation. It is well-established mode of credit delivery in developed nations.
18. Incentives should be given to the employees who are involved in recoveries of NPAs. For: This will give a boost to recovery of NPAs. It serves an incentive to staff.
Against: Other activities like marketing, processing etc. will not get desired attention. We already have avenues like DRT, ARCs, SARFAESI Act for recovery of dues.
19. Banks should introduce performance-linked pay for their staff. For: This will lead to better performance by each employee. There will be a great improvement in customer service and business. Uniform salaries have affected the desired level of productivity.
Against: Productivity will be varying depending upon the technology used, training imparted, expertise in specific areas. all working conditions are not uniform for all employees.
20. Cross selling affects banking business For: The core activities viz., deposits, advances, recovery of NPAs etc. will not be given desired attention and hence, customer service, to that extent, will be affected. Bank employees have already been overburdened with the existing business.
Against: As Banks are viewed as financial supermarkets and hence, all financial products should be offered by Banks. It is a profitable business.
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21. Alternate channels should be encouraged. For: Transaction cost will be reduced for Bank and therefore, profit will be increased. Customers can do the transactions on their own without any need to stand in the long queues for hours together. It is almost impossible to offer all our services through branches establishment of which will cost the Banks very much.
Against: As customers will not be approaching branches and hence, it will be difficult for Banks to have knowledge about the customers‘ needs. Customers will lose humane touch as they will deal with machines / systems only. Complaint management system, in case of any hardship faced by customers, is not fully established.
22. Number of transactions in SB accounts being done through branches should be restricted. For: It diverts the customers towards alternate channels so that, transaction cost will be reduced and thereby, profits will be increased. It enables the branch staff to concentrate on other activities viz. marketing, recovery of NPAs, book keeping etc.
Against: Illiterate customers, customers who are not comfortable with alternate delivery channels will have to pay the cost for approaching branches. Customers will stop coming to branches and therefore, Banks will not come to know of the customers‘ needs and accordingly, business will not grow.
23. Loss making branches should be closed. For: Such branches are a drain on the Bank‘s resources. Their continuance will further affect the profitability of Banks. Optimum utilization of man power can be established by shifting them to profit-making branches.
Against: This will affect the morale of the depositors. New strategies should be evolved to make these branches productive and profit-making.
24. Banks should market housing loans aggressively. For: It is profitable and highly secured. NPA is negligible.
Against: Interest rates have become very low due to unhealthy competition. As the volumes have increased, in case the economy enters a bad phase, the salary earners may not be able to service the loans. Selling of houses mortgaged to the Bank may be difficult.
25. Banks should be exempted from the operation of the Limitation Act. For: It will eliminate the need for obtaining revival letters which is a time-consuming task. Bank staff can concentrate on other profitable activities viz marketing etc.
Against: Bank staff may become complacent and may not contact the customer for recovery. Legal claims should be asserted within a reasonable time and cannot be kept alive forever.
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CORRESPONDENCE
1. A term deposit receipt favoring A for Rs35,000/- is due for payment next month. A has nominated his adopted son B to receive the deposit in case of his death. You have received a notice from the advocate of one X claiming to be the brother of A. The Notice advises you not to pay the amount to B as the deposit belongs to the Joint Hindu Family of A. Please write a suitable letter to the advocate.
ADDRESS OF BRANCH
REGIONAL LANGUAGE HINDI ENGLISH
______
Branch Letter No: 31/2017-1 Date: 18.06.2017
Dear Sir,
TERM DEPOSIT FOR RS 35,000/- STANDING IN THE NAME OF SHRI.______:
With reference to your letter No. 25 dated 12.06.2017 we have to advise that, we have been advised by Sri B, the nominee of the captioned deposit that the depositor A has since died; and has claimed the payment of the proceeds of the deposit on the due date.
As you know, under section 45ZA of the Banking regulation Act, the bank has to make payment of the deposit to the nominee.
The Fixed deposit stands in the individual name of the depositor who had made a valid nomination under the above section. The claim made by your client that the deposit belongs to the joint family and not to the deceased in his individual capacity is a matter to be settled between him and the nominee.
The bank is, under an obligation to pay the amount to the nominee. Unless therefore an order issued by a competent court restraining payment to Sri B is served on us within 15 days here of, we will pay the amount to Sri B immediately on the expiry of the said period of 15 days without any further reference to you.
Yours faithfully, sd/- BRANCH MANAGER.
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CORRESPONDENCE - II
Write an appreciation letter to a Branch under your control (as a Regional Manager), congratulating them for their success in migrating more than 80% of their customers to Alternate Channels
ADDRESS OF REGIONAL OFFICE IN
REGIONAL LANGUAGE HINDI ENGLISH
To, The Branch Manager State Bank of India …...... Branch
RBO/HR Letter No:631/2017-18 Date: 18.06.2017
/Dear Sir,
CONGRATULATIONS SHIFTING CUSTOMER TO ALTERNATE CHANNEL
I congratulate you and your team members and put on record my appreciation on account of migrating 89% of your customer to Any Time/Digital Channels, which has successful in decluttering the branch. Your branch became the first branch in the circle to achieve this excellent performance.
Please convey my congratulation to your team members.
I trust you will lead your team and continue your efforts to achieve more and more such performances in the days to come.
With best wishes
Yours Sincerely,
REGIONAL MANAGER.
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CORRESPONDENCE-III
You are the Branch Manager of the Branch situated in an agricultural area where sugarcane is predominately cultivated. Recently, a new sugar factory is opened in the area. Write a letter to the company for sourcing their business, explaining the relevant schemes and details.
ADDRESS OF BRANCH IN
REGIONAL LANGUAGE HINDI ENGLISH
To,
. Sugar & Co. …... ……………...
Branch Letter No: 86/2017-18 Date: 15.06.2017
Dear Sir,
CONTACT FORMING AND FINANCIAL ASSISTANCE TO THE SUGERCANE FARMERS:
It is our pleasure to have a sugar factory in this area. We take this opportunity to appreciate your efforts in completing the commissioning of such a factory within short span of time.
We would like to advise you the following points for your information:
We serve more than 2500 Agricultural borrower who have availed loans for different agricultural activities; most of the borrowers are progressive farmers.
Some of the farmers are facing problems in marketing their produce due to lack of any support. You may be aware that sugarcane is predominately cultivated in the area and most of our borrowers have availed finance for it.
Therefore, we request you to spare your valuable time to discuss the matter like contract farming etc. in details, which will surely boost mutual business interest apart from serving the farmers.
We will be visiting your office once we receive the communication about the date and time
Thanking you in anticipation.
Yours faithfully, Sd/- BRANCH MANAGER.
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SITUATIONAL ANALYSIS
1. A ―Famous‖ branch is working smoothly since last 3 years. Suddenly, on Monday, a mechanical failure occurred. It is the first week of the month. There are number of customers waiting in the banking hall. There is uncertainty regarding repairs. How you will handle the situation as a frontline officer?
2. Smt. A, an old lady aged 60 years, requests that after her death the Bank should allow Shri B, her eldest son to operate on her account without any difficulty. How will you deal with the request of the lady?
3. Mr. A, your valued constituent has given standing instructions for payment of Rs. 3000/- every month on third to his wife Mrs. B. the bank has carried out the instructions regularly. But in the month of April 2010, there was a balance of Rs. 1500/- only in the account. Hence the standing instruction could not be carried out in that month. On 10th April 2010, Mr. A deposited a sum of Rs. 5000/- in his account. In the absence of specific instructions, whether the Bank should now remit Rs. 3000/- [S.I of 03.04.2010]? If the bank carries out the old S.I and subsequently a cheque for Rs. 5000/- drawn on the account is presented on 15-4-2010 and is dishonored on account of insufficient balance, whether the Bank is liable?
4. M/s X, a firm having A, B and C as partners, maintains an account with your branch to be operated by any two of them jointly. Shri B asks you to stop the operations on the account due to some dispute with other partners. How will you act?
5. Ms. PQR reported to your branch that her husband is not traceable for the last 2 yrs and she is facing hardship. There is a fixed deposit for Rs. 1 lac in the name of her husband in which she is nominee. She wants to claim payment of the deposit. As Branch Manager how you will help her?
6. Shri. A, your valued constituent, has drawn a bearer cheque for Rs. 1000/- in favour of Ku. M, his daughter, aged 14 years. The cheque is presented by her at the counter for cash payment. The ledger keeper raises doubt whether the amount of the cheque can be paid to a minor. How will you clear the doubt?
7. A cheque drawn by Miss M wherein amount in figures is written as Rs. 10800/- and in word as Rupees Ten thousand eight only, is presented by another constituent of your branch. There is sufficient balance in the account. What will you do?
8. Mr. Krishna, an Accounts Officer with BHEL, approaches your branch for taking a DD for Rs.10,000/- favouring BITS, Pilani. He has been taking drafts for similar amounts quite frequently in the last 6 months. What would you enquire with Sri Krishna, and what suggestions would you make to him as an officer of the Bank?
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9. Mr. X maintains a cheque-operated Savings Bank account with your Branch. He suffers from paralysis and is hospitalized. He cannot use his right hand but requires Rs. 10000/- urgently to pay hospital bills. As a Branch Manager, how can you help him?
10. A cheque presented to you through clearing bears the special crossing stamps of the Indian Overseas Bank and Central Bank of India. There is sufficient balance in the account to meet the cheque. Whether will you pay or return the cheque?
11. When the position of the accounts of a Partnership firm and its partners are as under, an IT Attachment Order is received on the firm‘s name for Rs.80,000/-.
• Firm‘s Current Account Balance Rs.50, 000 (Cr) • Partner – 1 Current Account Overdraft Rs.5, 000 (Dr) • Partner – 2 Savings Bank Accounts Rs.20, 000 (Cr) • Partner – 3 Current Account Rs.8, 000 (Cr) How do you appropriate?
12. A revolving L.C for Rs 1,00,000/- has been established. Two draf ts amounting to Rs 25000/- were received and paid under the L.C. When a third draft for Rs 10000/- is received under L.C, importer requests the bank not to pay the draft since the goods received in consignment is not in good condition. Discuss.
13. A cheque for Rs. 5000/- drawn by Miss M in which the crossing has been cancelled /opened and authenticated by the drawer, is presented by a gentleman for cash payment on the counter.
How will you deal with the situation?
14. A cheque for Rs. 750/- drawn by your customer is presented by the payee on the counter. He ascertains from the ledger keeper that the balance in the drawer‘s account is Rs. 700/- only thereafter deposits a sum of Rs. 60/- in the account. Then he presents the cheque and gets the payment. Subsequently, a cheque for Rs. 600/- is presented for payment by the drawer himself. He finds that the balance in the account is Rs. 10/- only. He files a civil suit against the bank. Please discuss.
15. Shri. X the payee of a draft payable at your branch, reports that the draft is lost. He requests you to stop payment of the draft. The same day the draft is presented by Central Bank of India through clearing. The draft is purportedly endorsed by the payee and collecting banker has also guaranteed the endorsements as ―First payee‘s endorsement confirmed; Second payee‘s account will be credited on realization‖. Would you pay the draft or return it?
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16. A,B & C are partners and availed an OD of Rs.5,00,000/-. ‗A‘ died, when the balance in the OD a/c is only Rs.2,10,000/-. After receiving the notice of death, a cheque for Rs.90,000/- came up for clearing. What will you do?
17. It is brought to your notice by the cashier that five one thousand rupee notes bearing political slogans of a political party, are received for deposit in account. These notes are otherwise in order. What shall be your advice to the cashier in respect of these notes as a branch manager?
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SUGGESTED ANSWER KEY FOR SITUATIONAL ANALYSIS
1. This is a peculiar situation. There is an approved ―Disaster Prevention & Business Continuity Plan‖ at the branch. As per this plan, we will start routine banking transactions with the help of status list. We will also appraise the customers and request them to co- operate us in this situation and assure them that the problem will be rectified immediately. We will keep all the vouchers separately and make the data entry after repairs. If the time required for repairs is more than one day, then we will try for alternate arrangement from a nearby branch or ITS dept.
2. Knowledge /notice of death of constituent preclude the bank from debiting his account from the date of receipt of such notice. The mandate / authority would automatically cease to operate after the death of Smt. A and as such Shri B, her eldest son, would not be allowed to operate on the account.
In order to deal with her problem, she should be advised to open a joint account with the son in the style of ‗Former or Survivor‘. Alternatively she may be advised to avail the nomination facility.
3. While given standing instructions, the customer undertakes that he will maintain sufficient funds in the account. The S.I is to be carried out on a specific date. On that date, if there is insufficient balance, there is a breach of contract by the customers, and that Bank is under no obligation to carry out the S.I on a later date. Instead the Bank informs the factual position to the customer.
In the given case, the Bank should not carry out the pending S.I . Instead, the intimation of non-compliance should be sent to Mr. A. If the Bank carries out it and subsequently the cheque for Rs. 5000/- is dishonored, the bank will be held liable for having acted negligently in the absence of the specific instructions of the customer.
4. As per section 18 of the Partnership Act, every partner is the principal and also an accredited agent of the firm and of other partners and therefore Shri. B can serve the notice and can stop the operations on the account. Accordingly, the operations on the account must be stopped by the Bank immediately until and unless a fresh mandate, duly signed by all the three partners, is received.
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5. The settlement of claims in respect of missing persons is governed by the provision of Section 108 of the 'Indian Evidence Act, 1872'. As per the provisions of section 108 of the Indian Evidence Act, presumption of death can be raised only after a lapse of seven years from the date of his /her being reported missing. As such, the nominee /legal heirs have to raise an express presumption of death of the missing person under section 108 of the Indian Evidence Act before a competent court. If the court presumes that he/she is dead, then a certificate to that effect is issued and the claim in respect of missing person can be settled as is done for any other deceased accounts.
With a view to alleviate hardship to claimants in respect of Missing Persons, it has been decided to entertain small value claims without a valid death certificate. In line with the RBI instructions, it has been decided that the claims up to a threshold limit of Rs 100000/- (Rs one Lac only) will be entertained without insisting for valid death certificate. All such claims in respect of missing persons, reported missing for a minimum period of one year, shall be settled on production of the following documents.
1. FIR
2. Non-traceable report issued by the police authorities.
3. Indemnity from the claimant.
The AGM (Admin) of the respective region will be the authorized authority to settle such claims.
The claims in respect of missing person above Rs 100000/-- may be settled as per the existing instructions i.e. after getting court order from the competent court.
6. As per Section 11 of the Indian Contract Act, a minor is incompetent to enter into a valid contract. But as per Section 26 of the Negotiable Instrumental Act, ―A minor may draw, endorse, deliver and negotiate any negotiable instruments so as to bind all parties except himself‖. As such, a minor can become the payee of a cheque.
Hence there is no harm making payment of the cheque in due course to Ku. M, provided it is otherwise in order.
7. Section 18 of Negotiable Instruments Act reads: ―If the amount undertaken or ordered to be paid is stated differently in figures and words, the amount stated in words shall be the amount undertaken or ordered to be paid‖.
Pursuant to Section 18 and the directives of the Indian Banks‘ Association, the bank is discharged by paying the cheque with the amount expressed in words. Therefore in the instant case, the Bank should pay Rs. 10008/- as expressed in words, if the cheque is otherwise in order and is presented in due course.
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8. I would:
Ascertain if the remittance was for the studies of his ward in Pilani Enquire about arrangements made for financing the education of his ward, and whether he needed any Student Loan, whether his ward maintained an SB account with our branch or the branch at Pilani. I would persuade him to open one, if not already having one. Highlight the facilities available through ATM Cards, Internet Banking, Core Power to make transfer of funds easier and cost-effective for him, instead of taking DD Try to cross sell products of SBI Life such as Super Suraksha, or Edushield (in case he is interested in Student Loan), etc. Persuade him to take a credit card with an add-on card for his ward On the whole, project an image of a customer-friendly Bank, keen to serve its customers better
9. Left hand thumb impression of Mr. X should be obtained on the withdrawal form in the presence of Bank official and the attending doctor. The witness of a Magistrate is desirable. In addition attending doctor‘s certificate certifying the situation should be obtained. After completion of these formalities, the amount should be paid to the depositor or his known agent. (In case the depositor has lost both his hands in an accident, he should be asked to authorise some person for operations on the account by a verbal statement before a magistrate and the statement should be certified under the Court seal. On the basis of this statement, the authorized person should be allowed to operate on the account).
10. Section 127 of the Negotiable Instruments Act reads: ‖Where a cheque is crossed to more than one banker, except when crossed to an agent for the purpose of collection, the Banker on whom it is drawn shall refuse payment‖.
Pursuant to the above section, the cheque in question should not be paid at all and the same should be returned for the reason ‗Cheque crossed to two banks‘.
11. The attachment is enforceable on the accounts of the both the firm and its partners. If there is any shortfall in the balance in the firm‘s account, all the partners should bear it in equal proportion. The accounts, therefore, debited as under and the amount paid to the I.T authorities.
• From the account of the Firm (entire balance) Rs.50,000/- • From Partner – 1 (as there is no credit balance) Nil • From Partner – 2 (1/3rd of the shortfall i.e., Rs.30,000/-) Rs.10,000/- • From Partner – 3 (Entire balance as it is less than 1/3rd) 8,000/-
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12. According to Article 5 of the UCPDC, the Bank deals in documents and not in goods covered by the documents. Therefore if the documents are in order the bank can debit the amount to the customer‘s account. The customer has to take up his remedy with the exporter
13. In case of a cheque whose crossing has been opened, the amount should be paid to the drawer only or to his known agent (as the payment of such a cheque may put us in uncalled trouble if subsequently it transpires that the crossing was opened/cancelled by forging the drawer‘s signature). In the interest of the bank and the drawer, the presenter should be asked to produce an express letter of authority from the drawer, Miss M, to that effect.
14. The bank exercises no control over the receipts in the account. As such, if the amount of a cheque is within the balance outstanding, the bank is under obligation to make the payment thereof, provided the cheque is otherwise in order. If the disclosure of information by a person other than the drawer is proved, the bank can be held liable for the loss sustained by the drawer by such unauthorized disclosure.
15. A bank draft is the bank‘s own commitment to the payee. It is a negotiable instrument and the bank is bound to pay it when presented by a bonafide holder, provided it is otherwise in order. As the collecting banker has also guaranteed the first payee‘s endorsement, the bank is protected under Section 85-A of N.I. Act and discharged by payment in the due course to Central Bank of India. Therefore, the request of Shri. X should not be acceded to.
16. It will be returned with a remark, ―A, a partner in the partnership since deceased‖. If the cheque is paid by Bank, Clayton‘s rule will become operationalised & hence legal heir / estate of deceased will be no longer liable even if there is a provision to continue the partnership after death of partner.
17. As per the provisions of Legal Tender (Inscribed notes) Act, 1964 any currency note carrying any message of political character is not a legal tender. The cashier will be advised not to accept such notes even if they are otherwise in order.
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STEPS TO WRITE AN ESSAY
1. Use mind map to help stimulate lateral thinking.
2. Jot down any relevant points.
3. Make note of any relevant evidence or quotes that come to mind.
INTRODUCTION
1. Order ideas in a logical sequence
2. Make sure every point in the plan is relevant to the question
3. Should be clear where the essay is going
PARAGRAPH
1. Make sure every point is given a new paragraph.
2. Use words or phrases, where applicable, at the start of each paragraph that will
indicate to the reader how it relates to the previous paragraphs like ―however‘, ―in
addition‖, ‖nevertheless‖, ―moreover‖.
3. Check spelling, punctuation & grammer
4. Delete any sections that are not particularly relevant
5. Change vocabulary
CONCLUSION
1. Summarise the main ideas
2. Finish with an interesting or thought provoking , but relevant comment.
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MOCK TEST FOR PROMOTION FROM SCALE II TO III 1 Which of the following accounts do not have auto sweep and reverse sweep facility? a) Premium Savings account b) Surabhi Deposit account c) SAHAJ deposit account d) Corporate Liquid Term Deposit 2 For which of the following POWER accounts the Quarterly Average Balance is low? a) SME Power Gain b) SME Power Pack c) SME Power LIte d) SME Power Base 3 What is the minimum balance to be maintained in FCNR account? a) USD 500 or equivalent b) USD 5000 or equivalent c) USD 1000 or equivalent d) None of these 4 Maximum deposit amount that can be accepted in Flexi Deposit amount during the year is_____ a) No such restriction b) Rs.50 lacs c) Rs.5 lacs d) Rs.50000/- 5 Diamond Category account is opened under CSP account if the income criteria of the employee is in range of___ a) Upto Rs.20000/- b) Rs.20000 to Rs.50000 c) Rs.50000 to Rs.1 lakh d) Above Rs.1 lakh 6 Loan facility is available against which of the following deposit products? a) Capgains Plus b) CLTD c) PPF d) Surabhi Deposit account 7 Maximum Deposits that can be accepted in the SB accounts of minors with guardian is___ a) Rs 50000/- b) Rs100000/- c) Rs200000/- d) Rs2000000/- 8 What is the limit on Foreign remittance to a SMALL account? a) No credit of Foreign remittance b) Rs.50,000/- per month c) Rs.10,000/- per day d) Rs.25,000/- per annum 9 Minimum Resultant Balance to be maintained for Savings Plus account is____ a) Rs.5,000/- b) Nil c) Rs.10,000/- d) Rs.25,000/- 10 Which of the following debits are not counted for applying charges in case of SB account ? a) Debits raised through S.I. given b) Debits raised through S.I. given at branch through INB c) Debits raised through normal d) All of the above transfer 11 Flexi Deposit is a variant of____ a) Recurring Deposit b) Term Deposit c) Special Term Deposit d) Savings Bank 12 What is the minimum monthly annuity amount under Annuity Deposit scheme? a) Rs.500/- b) Rs.1,000/- c) Rs.100/ d) Rs.5,000/-
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13 Which of the following cannot open SB account? a) Municipal corporations b) State Housing Boards c) Water boards d) All of these 14 For which of the following time deposits, advice can‘t be issued ? a) Capgains Plus b) SBI Tax savings scheme c) Advice can be issued for all d) Both a) & b) products 15 Cash withdrawals upto which amount is available in SBI Cap Gains Plus account? a) Rs.25000/- b) Rs.50000/- c) Cash withdrawals are not d) None of these allowed 16 Minimum loan amount that may be sanctioned to eligible borrower under ―SBI Asset Backed Loan‖ is a) Rs 5 lacs b) Rs 2 lacs c) Rs 20 lacs d) Rs 10 lacs 17 Under SME Smart Score scheme, Working Capital loans can be sanctioned for __years subject to annual review, specifying the limit requirement for each year. a) 1 Year b) 2 Years c) 3 Years d) 5 Years 18 Revival letter is obtained under SME documentation by using the form a) SME 5 b) SME 9 c) SME 6 d) SME 11 19 As per MSMED Act 2006 Medium Enterprises (Services) are those having investment in equipments upto a) Above Rs1 cr upto Rs.2 crs b) Above Rs 2 crs upto Rs. 5 crs c) Above Rs10 lacs upto Rs 2 crs d) Above Rs5 lacs upto Rs 1 crs 20 What type of facility to be sanctioned under the New Scheme ―‖SME Dost‖ a) Cash Credit b) Term Loan c) Dropline OD d) Working Capital Demand Loan 21 What is the eligible EMI/NMI ratio for Home loans for the customers having NAI of Rs.120,000/-and up to Rs.300,000/- a) 20% b) 25% c) 30% d) 40% 22 For adding cost of furnishings / interior to the cost of house/flat, the amount is considered up to ….. Per cent of the Project cost a) 5 % b) 10 % of the cost of the house/flat or Rs.25 lacs whichever is lower c) 15% d) 25% 23 If the borrower‘s Net Annual Income is Rs.5 lacs, what is the eligible EMI/NMI ratio? a) 40% b) 50% c) 55% d) 60%
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24 The minimum stipulated LTV ratio for Home loan under construction, up to 30lac a) 90% b) 85% c) 80% d) 95% 25 The margin for under PMEGP for general category a) 5% of the loan amount b) 10% of the loan amount c) 5% of the project cost d) 10% of the project cost 26 Credit Information Reports contains repayment history of upto ______months in each loan/credit facility availed by the borrower a) 12 months b) 18 months c) 24 months d) 36 months 27 The „In Principle‖ approval shall be valid for …. from the date of issue a) 15 days b) 30 days c) 45 days d) 2 months The turnaround time (TAT) fixed for home loans sanctioned under builder tie- 28 up (same centre) at RACPC/RASMECC within ____ working days after receipt of application complete in all respects. a) 5 days b) 6 days c) 7 days d) 8 days 29 Under Multi Purpose Gold Loan Scheme ------% interest subvention is available a) 2% b) 3% c) 1% d) No interest subvention 30 What is the maximum advance that can be sanctioned under SME Smart Score for manufacturing units ? a) Rs.1 cr b) Rs.2 cr c) Rs.25 lac d) Rs 50 lac 31 Which of the following countries is the largest consumer of gold in the world ? a) China b) India c) Brazil d) South Africa 32 In case of doubtful assets, the secured portion of advance under D2 category attracts ______% provision a) 25 b) 40 c) 50 d) 100 33 Under RTI Act 2005, the branch manager is called a) CPIO b) CAPIO c) Depends on the incumbency d) None of these level 34 A currency note which is divided into 3 pieces but no part thereof is missing, is called a) Mutilated note b) Soiled note c) Mismatch note d) None of these 35 All in-operative accounts are categorized as ______risk accounts . a) Low b) Medium c) High d) It depends on the customer
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36 First ATM in India was installed in the year 1987 by a) Standard & Chartered Bank b) HSBC c) Bank of America d) Catholic Syrian Bank 37 RBI can conduct financial inspection of individual banks under a) Section 35 of RBI Act b) Section 34 of RBI Act c) Section 32 of RBI Act d) Section 30 of RBI Act 38 IRDA Chairman is a) T.S.Vijayan b) J.Hari Narayan c) Ajay Tyagi d) Amitabh Chowadhary 39 World‘s largest bank in terms of balance sheet size is a) HSBC b) ICBC c) BOA d) BNP Paribas 40 Notified Centers for creating equitable mortgage are a) All district headquarters b) All centers specifically identified by the Bank c) All centers notified as per d) All centers identified for the Transfer of Property Act purpose by RBI 41 In a Computer network an IP address specifies a : a) Network connection b) Router gateway c) Computer in the network d) Device on the network 42 The software that is being used in our foreign offices of our bank is called a) B@ncs24 b) I-Flex c) FINNACLE d) BANKCOM 43 Disaster Recovery Centre of the Bank is located at a) Bangalore b) Chennai c) Delhi d) Kolkata 44 What is GLIF? a) General Ledger Information File b) General Ledger Interest File c) General Ledger Intermediate d) General Ledger Interface File File 45 Hash Generation Utility for Corporate Clients for Trickle feed file upload (SAL) works on a) JAVA b) DOTNET c) COBAL d) Web based 46 What does B@ncs24 mean? a) Bank‘s Automation and Network b) Bank‘s Automation and Networking Connecting Software for 24 Control System for 24 hours hours c) Bank‘s Accounting and Network d) Bank‘s Accounting and Network Connecting Software for 24 Control Software for 24 hours hours 47 What is the name of the software used by the bank used for online forex Rates? a) Mercury FX b) Mercantine Rates c) Mercury SX d) Online Mercury
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48 Which of the following statement is true about Banks Internet Banking? a) User can lock Internet Banking b) It is not possible to temporarily lock facility temporarily at INB site the Internet Banking facility by the and approach the Branch for user . unlocking c) For temporarily locking Internet d) Giving wrong password 3 times is Banking facility , INB user has the only way to lock Internet Bkg to necessarily approach the Facility , that too only for 24 hours. Branch 49 What is the name of the company along with whom our bank has launched State Bank MobiCash services? a) M/s. EKO technologies b) M/s Oxigen Services (India) Pvt Ltd c) FSS d) Sify 50 How many bank accounts can be linked to State Bank MobiCash? a) 3 accounts b) 5 accounts c) it is a prepaid payment d) 16 accounts instrument, hence no bank account can be attached to this wallet. 51 In case of Pre-Existing accounts for FATCA & CRS, low value means a) <$50,000 b) $50,000 to $1 lac c) $50,000 to $ 1 mio d) None of these 52 In case of deceased account settlement, what is the total outstanding in the account of the deceased beyond which, surety is required ? a) Rs 5 lac b) Rs.10 lac c) Rs 1lac d) Rs0.50 lac 53 What are the charges, in case of locker operation, to be collected from the locker operator from 13th visit onwards during a financial year ? a) 50/- + ST b) 100/- + ST c) 150/- + St d) Nil 54 What are the one-time locker registration charges ? a) 509/- b) 509/- + ST c) 500/- + ST d) 584/- 55 In case of loans covered under CGTMSE, if the loan account becomes NPA on 05/01/2016, CGTMSE should be advised of the same by a) 31/01/2016 b) 29/02/2016 c) 31/03/2016 d) 30/06/2016 56 Expand GIIN a) Global Intermediary Information b) Global Intermediary Identification Number Number c) Global International Information d) Global International Identification Number Number 57 Expand CRS a) Common Reporting System b) Common Reports and standards c) Common Reports and System d) Common Reporting Standards.
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58 In case of deceased settlements, which of the following documents need to be notarized? 1. Indemnity 2. Letter of disclaim 3. Affidavit a) All of the above b) 1 & 2 c) 2 & 3 d) 1 & 3 59 After redesigning the clerical cadre, which of the following is not a proposed designation? a) Senior Associate b) Special Associate c) Senior Special Associate d) Junior Associate 60 What is the maximum loan amount which can be sanctioned to sub staff members under Individual Housing Loan scheme? a) Rs 30.0 lac b) Rs 45.0 lac c) Rs 40.0 lac d) Rs 25.0 lac 61 What is the rate of interest applicable for a housing loan availed of by a staff member on commercial terms ? a) as applicable to public b) Base rate c) 25 bps less than ROI d) None applicable for public but not below base rate 62 POs / direct recruits are eligible for privilege leave after a) probation period b) 11 months of service c) 11 days d) 1 year of service 63 If an officer is permitted by the Bank to receive fees / honorarium for work done for any public body / private person, what is the maximum such amount per annum which can be retained with him and remaining amount should be surrendered to the Bank ? a) Rs.40,000/- b) Rs.1,00,000/- c) Rs.2,40,000/- d) No such restriction 64 Who is the designated authority under ―Whistle Blower Policy‖ ? a) GM (Network) b) DGM (B&O) c) DGM (Vigilance) d) Chief Vigilance 65 SBI‘s market share in mobile banking a) 64.37 b) 54.37 c) 44.37 d) None of the above 66 C-Edge Technologies is a joint venture between SBI and _____ a) TCS b) Infosys c) cognizant technology solutions d) Wipro 67 As per 2016-17 financial results Home loans constitute of __ the retail loans. a) 48% b) 58% c) 68% d) 78% 68 CCRO stands for______a) Corporate Centre Recovery b) Circle Credit & Recovery Officer Officer c) Circle Credit & Risk Officer d) Chief Credit & Risk Officer
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69 Transaction Banking Unit handles ______a) CMP/Trade Finance/Supply b) CMP/Trade Finance Chain Finance c) Total transactions in the Bank d) Only Trade Finance 70 How is PT Indo Monex of Indonesia connected with SBI? a) SBI has acquired 51% stake b) SBI has acquired 25% stake c) SBI has acquired 76% stake d) SBI has acquired 75% stake 71 Remittances under SBI Express Worldwide are meant for a) Individual remittances b) Commercial remittances c) Business remittances d) All the above 72 Expand OFAC. a) Office of Foreign Assets Control b) . Office of Financial Assets Control c) Organization for Foreign Assets d) Organization for Financial Assets Control Control 73 Back to Back Letter of credit refers to ------. a) Inland LC is backed another LC b) LC provides for the grant of storage facilities at the port of shipment c) Security of another LC d) Opening bank requests the advising bank to give loan to the exporter for the purpose of export 74 Spot rate is when exchange of currencies take place at a) Real time b) Two days from the date of quoting the rate c) Next day d) Two days from the date of quoting the rate 75 The account that foreign banks maintain with banks in India is known as a) Nostro b) Vostro c) Loro d) None 76 SBI conducts Govt. Business under which Section? a) S- 45 of RBI and 32 of SBI b) S- 35 of RBI and 36 of SBI c) S-51 of RBI and 20 of SBI d) None of these 77 Govt. Bills are drawn by ______and passed by ______for payment at the bank. a) Treasury officer, Drawing b) Treasury Officer, Branch Passing Officer Officer c) Drawing Officer, Branch d) Drawing Officer, Treasury Officer passing Officer ―AML-CFT DAY‖ is observed on ______every year 78 a) 30 th November b) 1st August c) 2nd November d) No such day 79 PPF Account cannot be maintained by a) HUF b) Residential Individual c) Minor with Guardian d) None of these
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80 Maximum deposit in Senior Citizen Savings Scheme is ___- a) Rs. 10 Lacs b) Rs. 15 Lacs c) Rs. 25 Lacs d) No Ceiling 81 Online Tax Accounting System (OLTAS) is used for____ a) CBEC Credit b) Both for CBDT and CBEC c) CBDT Credit d) None of these 82 OLTAS Transaction to be credited in Govt. Account within a) T+1 day including Sunday and b) T+6 day including Sunday and Holiday Holiday c) T+3 day including Sunday and d) T+5 day including Sunday and Holiday Holiday 83 Penal interest paid in case of delay settlement of Govt. funds is a) Bank Rate +2% b) Base Rate + 2% c) SBAR + 2% d) CRR + 2% 84 Balance in Govt General Account to be transferred to GAD, Navi Mumbai a) 31st March b) 1st April c) 31st December d) 30th September 85 First widhdrawal in PPF account is allowed in a) 5th year b) 8th year c) 10th year d) 6th year 86 What is the commission payable to the bank under PMJJBY? a) Rs.30/- b) Rs.41/ c) Rs.11/- d) Rs.31/- 87 What is the age limit for PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana)? a) 21 to 50 years b) 18 to 50 years c) 18 to 60 years d) 21 to 60 years 88 What is the minimum and maximum pension payable per month under Atal Pension Yojna? a) Rs.500/- to Rs.10,000/- b) Rs.1,000/- to Rs.5,000/ c) Rs.1,000/- to Rs.25,000/- d) Rs.2,000/- to Rs.10,000/- 89 Who is the administrator for Pradan Mantri Suraksha Bhima Yojana (PMSBY)? a) New India Assurance Co., Ltd b) SBI Life Insurance Co., Ltd c) National Insurance Company d) Postal Life Insurance Co., Ltd Ltd 90 In PPF account, How many withdrawals allowed in a year? a) Twice in a year b) Only once in a year c) Thrice in a year d) Withdrawal not permitted 91 From time to time, the time period for banking service being public utility services is extended under which of the following Acts? a) Banking Regulation Act b) RBI Act c) Shops and Commercial d) Industrial Disputes Act Establishments Act
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Under the provisions of Companies Act 1956, the filing of particulars for getting 92 a charge registered with ROC for certain transaction, is the responsibility of: a) Borrowing company b) Financing Bank c) Secretary of the Company d) Financing Bank and the borrowing company 93 A cheque has been wrongly collected and credited into the account of a customer. Later it was found that the cheque does not belong to the customer. This act is called a) Material alteration b) Subrogation c) Conversion d) Redemption 94 X and Y are having a joint savings bank account with E or S operations. A bearer cheque is signed by Y and a cutting in the name of payee is confirmed by X. a) Cheque can be paid as b) Cheque can be paid even if not alteration has been properly confirmed as the change is only in authenticated the name of the payee and it is a bearer cheque c) Cheque cannot be paid as it d) Cheque cannot be paid as it requires confirmation from the requires confirmation from both of same person who has signed them 95 Of which of the following, a garnishee order is not applicable? a) funds in the account at the time b) term deposit receipt which is yet to of receipt of garnishee order mature c) recurring deposit the maturity of d) amount deposited by the customer which will be 3 months after after receipt of the garnishee order 96 An assignee is a person who a) is appointed by court for b) has been appointed by the court to administration of a will look after property of the insolvent person c) appointed by the will of the d) person appointed by legal heirs as deceased person their attorney 97 What is the relationship between a person who has left articles by mistake in the bank premises: a) Lessor and Lessee b) Bailee and Bailor c) Agent and Principal d) Trustee and Beneficiary 98 You come across a cheque on which neither the words bearer or order are written. The cheque should be treated as: a) Bearer cheque b) Order cheque c) Customer‗s mandate is not d) We have to ask the person clear, payment can not be made presenting the cheque for clarity 99 The person who is transferring the possession of goods as per Indian Contract act for a specific purpose is called a) Transferor b) Bailor c) Bailee d) Pledger
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100 Which of the following security and type of charge, is not matched: a) term deposit – right of set off b) vehicles – hypothecation c) stocks of medicine – lien d) plant and machinery embedded to ground - mortgage 101 On the dishonour of a cheque the payee must give a notice to the drawer within____ days of the receipt of information from the bank . a) 30 Days b) 15 Days c) 10 Days d) 3 Days 102 A power of attorney executed abroad must be stamped within ….. months of its receipt in India. a) 1 month b) 2 Months c) 3 months d) 1 year 103 Charges to be filed with the Registrar of companies within ___ days from the date of creation. a) 30 Days b) 90 Days c) 180 Days d) 1 Year 104 Provision relating to Bank Rate is contained in______a) Sec 42 of RBI Act b) Sec 49 of RBI Act c) Sec 42 of BR Act d) Sec 49 of BR Act 105 MCA-21 relates to a) Master of corporate accounts b) Ministry of company affairs c) Member of Computer d) Registration of charge with ROC application 106 Rail Bandhu is a a) Indian Railways magazine b) Indian Railways volunteer c) Indian Railways co-branded d) Railways Hotel chain card 107 ______state has become the first state in the country with bank accounts for all families under Pradhan Mantri Jan DhanYojna (PMJDY) a) Kerala b) Punjab c) Andhra Pradesh d) Maharastra 108 Expand MUDRA a) Micro Units Development and b) Micro Units Devlopement and Recovery agency Refinance agency c) Money Utility Development and d) Manufacturing Units Devlopement Refinance agency and Refinance agency 109 ______Bank has launched ‗contactless‘ debit and credit cards, enabling its customers to make electronic payments by just waving the cards near the merchant terminal in lieu of dipping or swiping them. a) ICICI b) SBI c) HDFC d) AXIS
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110 ______Bank, an agency to refinance micro-finance institutions which will also act as regulator for the sector, announced by Finance Minister in his Budget speech. a) MUDRA b) SIDBI c) IFC d) SME 111 Expand IFRS a) International Financial b) Indian Financial Reporting Reporting Standards Systems c) International Financial d) Indian Financial Reporting Reporting Systems Standards 112 Which of the following is not a RBI‘s monitoring tool? a) CRR b) Repo rate c) Reverse Repo rate d) BPLR 113 Govt. of India proposed to replace Planning Commission BY ------a) NITI Ayog b) Jandhan Yojana c) Swatch Bharat d) None of the above. 114 Plastic Currency Notes were first introduced by ______. a) America b) Australia c) France d) Singapore 115 State Bank of India has entered into a tripartite agreement with the leading online financial product aggregator ______and SBI Cap, the bank's subsidiary. The move is aimed at facilitating home borrowers to apply SBI home loans through yet another platform. a) Bankbazaar.com b) Policybazar.com c) Amazon. Com d) Flipkart.com 116 A substandard account is one which remains as NPA for ___ months after it becomes NPA. a) 12 Months b) 15 Months c) 24 Months d) 9 Months 117 If the realisable value of the security, as assessed by the bank/ approved valuers/ RBI is less than ___ per cent of the outstanding in the borrowal accounts, the asset should be straightaway classified as loss asset. a) 25 b) 10 c) 0 d) 5 118 Accounts with outstanding balance of Rs. ______are eligible for enforcement as per SARFEASI Act, a) Up to Rs.1 lac b) Rs 1 lac and Above c) Rs.10 lac and above d) Above Rs.10 lac 119 According to RBI guidelines, the loans against which of the following can turn out to be NPAs provided adequate margin is available ? a) Bank deposits b) Gold ornaments c) NSCs d) Life policies
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120 A loan granted for short duration crops will be treated as NPA, if the instalment of principal or interest thereon remains overdue for ___ crop seasons. a) 2 b) 1 c) 3 d) Nil 121 In case of doubtful assets upto one year, the provision requirement on secured portion is a) 10% b) 25% c) 40% d) 100% 122 What is the provisioning requirement in case of standard assets for advances to agricultural activities ? a) 0.40% b) 0.25% c) 0.75% d) 1% 123 In case of standard housing loans, inspection should be conducted for every __years. a) 1 b) 3 c) No need d) 2
124 In case of housing loan, if repayments are in arrears for ____ months successively, inspection should be immediately conducted. a) 1 b) 2 c) 3 d) 6 125 Irregularity reports should be submitted to controllers at ____ intervals for home loans and _____ intervals for other P segment loans. a) Quarterly & Quarterly b) Quarterly & Half Yearly c) Half Yearly & Half Yearly d) None 126 Irregularity reports should be submitted in duplicate within ___ days from the end of the stipulated period. a) 7 Days b) 15 Days c) 30 Days d) 20 Days 127 In case of HLs and car loans which are NPAs, stipulated periodicity for inspection is— a) Half Yearly for both b) Quarterly for both c) Yearly for both d) None 128 In case of education loans to the wards of staff members, what are the instructions regarding security ? a) As applicable to public b) No security c) Lien on PF of employee d) None 129 For revival letters to be obtained in case of education loans, who is authorized to sign the revival letter on behalf of the student ? a) Father / guardian b) the student himself c) No revival is required d) None of these 130 In case of SBI Home Top Up loan, the stamp duty payable for Term Loan agreement is for a) Agreement b) Agreement + FPA c) Agreement + GPA + Indemnity d) Agreement + indemnity
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FOR PROMOTION II TO III SECTION-II Total- Descriptive 30Marks Time: 60 Minutes
DESCRIPTIVE QUESTIONS Rationale 4 (Out of 6) 2 marks each and total 8 marks 01 SOVEREIGN GOLD BONDS, 2015-16 Introduced 02 Credit Risk Guarantee Fund Trust For Low Income Housing (CRGFTLIH) 03 SBI e-SMART SME e-COMMERCE LOAN 04 Launch of Wealth Management Initiative- SBI Exclusif 05 Offsite Transaction Monitoring System (OTMS) Penalty provision in rfia for submission of False / delayed compliance to OTMS alerts 06 Car Loans Disbursement Through RTGS/NEFT
For & Against 4 (Out of 6) 2 marks each and total 8 marks 01 Goods and Services Tax Bill 02 SOVEREIGN GOLD BONDS, 2015-16 Introduced 03 Odd- Even Experiment in Delhi for pollution control 04 Approval by RBI for Payment Banks 05 LOS is mandatory for all segment products 06 Career Development System has been lalunched
Situational Analysis 2(Out of 3) 3 marks each and total 6 marks 01 Mr. Joseph and Mrs. Elizabeth are wife and husband operating locker with E or S since last 3 years. They also have salary account and car loan account with us. They are paying the locker rent and loan installment regularly on time without any delay. One day Mr. Joseph came to you with a Housing loan proposal and also submitted a letter saying that he had lost the locker key and a duplicate key be issued to him. 02 Mr. Subbarao, is a business man running a stationary trading having a current account with you since 3 years. He approaches you with an expectation of loan for his business as he diverted his working capital to construct a house. He invested around 10lac to complete the construction from last 12months. You are willing to assist a working capital by Cash Credit Limit of Rs.10.00 lac as his business financials and tax returns are favorable. He is not will to take the commercial loan as interest rate is high. He requested you to give a Housing Loan instead for Tax Benefit and also low interest rate. How you will assist as a Branch Manager. 03 Sri. Ramesh Babu is an illiterate, deaf and dumb is a progressive farmer in your village wants to open a Saving Bank Account to save his Agriculture Proceeds. How can you help him as a Branch Manager.
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4 Comprehension 1 (4 Questions) 1 mark each and total 4 marks Now the question arises, what is the secret of the longevity and imperishability of Indian culture? Why is it that such great empires and nations is Babylion, Assyria, Greece, Rome and Persia, could not last more than the footprints of a camel in the shifting sands of the desert, while India which faced the same ups and downs, the same mighty and cruel hand of time, is still alive and with the same halo of glory and splendour? The answer is given by Prof. J. B. Pratt of America. According to him Hindu religion is the only religion in the world which is 'self-perpetuating and self-renewing.' Unlike other religions 'not death, but development' has been the fate of Hinduism. Not only Hindu religion but the whole culture of the Hindus has been growing changing and developing in accordance with the needs of time and circumstance without losing its essential and imperishable spirit. The culture of the vedic ages, of the ages of the Upanishads, the philosophical systems, the Mahabharata, the Smirities, the Puranas, the commentators, the medieval saints and of the age of the modern reformers is the same in Spirit and yet very different in form. Its basic principles are so broad based that they can be adapted to almost any environment of development. 01. In what respect is India implied to be superior to all other nations and empires? A) Material development (B) Cultural advancement (C) Military strength (D) Territorial expansion (E) Empire building 02. What, according to J. B. Pratt, is the secret of the longevity and imperishability of Indian culture? (A) It has its origin in the remote past (B) It issues from the minds and hearts of its sages (C) It is self-perpetuating and self-renewing (D) It is founded on religion (E) It is founded on morality 03. Which of the following has not been mentioned as a particular period of Indian culture? (A) The Vedic age (B) The age of Upanishads (C) The age of the Mahabharata : (D) The British period (E) The age of the Puranas 04. What is the characteristic quality of the basic principles of Indian culture ? (A) They are static (B) They derive their strength from the genius of the people (C) They can be adapted almost to any environment of development (D) They believe in the purity of Indian culture (E) Nothing of these
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5 Business Correspondence 1(Out of 2) 4 mark each and total 4 marks 01 A Term deposit favoring Mr. Deceased for Rs.100,000/- is due for payment next weak. The deposit account has nomination in favor of Mr. Nominee. Today, you have received a notice from an advocate of Mr. Claimant, claiming to be the son of the deceased. The notice advises you to stop payment to the nominee, as the deposit belongs to the Joint Hindu Family of the deceased. Please write a suitable reply. 02 You are a Br. Manager of Scale –III incumbency reported recently. You found that all old obsolete stationary, computers and furniture are lying in the second floor. The second floor of the premises is an abandon place since years together. It is not needed at all considering even the future requirement. The book values of these assets are zero. You are paying monthly rent of Rs.50000/- considering the space. The space can be utilized by CPC‘s or any administrative office purpose. You also find that an NGO intends to conduct free computer education programme in a village serviced by the bank. NGO is ready to use the computers and furniture by convert them in such a way they can use it. Please write a letter to the appropriate authority recommending donating the old computers and furniture and also inform that the space may be better utilized.
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KEY TO MOCK TEST PROMOTION FROM MMGS II TO MMGS III 1 2 3 4 5 6 c d c d c c 7 8 9 10 11 12 d a d b a b 13 14 15 16 17 18 d d a d B d 19 20 21 22 23 24 B d c b b a 25 26 27 28 29 30 d d b b d d 31 32 33 34 35 36 a b b a b b 37 38 39 40 41 42 a a b c a c 43 44 45 46 47 48 b d b b a a 49 50 51 52 53 54 b c c a b c 55 56 57 58 59 60 d b d c c a 61 62 63 64 65 66 c b a c c a 67 68 69 70 71 72 b d a c a a 73 74 75 76 77 78 a b b a d c 79 80 81 82 83 84 a b c c a d 85 86 87 88 89 90 d c b b c b 91 92 93 94 95 96 d a c a d b 97 98 99 100 101 102 d b b c a c 103 104 105 106 107 108 a b d a a b 109 110 111 112 113 114 a a a d a b 115 116 117 118 119 120 a a b b b a 121 122 123 124 125 126 b b b b b b 127 128 129 130 131 132 a a a c B C 133 134 135 136 137 138 C C B D C A 139 140 D B
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ANSWER PAPER FOR DESCRIPTIVE TEST Rationale 4 (Out of 6) 2 marks each and total 8 marks 01 SOVEREIGN GOLD BONDS, 2015-16 Introduced: To substitutes for holding physical gold. Govt. of India and RBI directives. To ensure fixed interest income on idle gold to the investor. To eliminate storage risk and an alternative to hold the gold in physical form. 02. CREDIT RISK GUARANTEE FUND TRUST FOR LOW INCOME HOUSING (CRGFTLIH) : To cover the life risk of EWS (Annual income upto Rs. 1,00,000/-) or LIG (Annual income between Rs. 1,00,001/- to Rs. 2,00,000/-) categories in Urban Areas. To protect the Insurable Interest of Low Income Group Home Loans Borrower upto Rs. 5.00 lacs in Urban Areas. 03. SBI e-SMART SME e-COMMERCE LOAN introduced by the Bank To provide financial assistance to Authorized Sellers of Snapdeal, flipkart, shopclues engaged in selling products through online portals. 04. Launch of Wealth Management Initiative- SBI Exclusif introduced by the Bank To retain as also acquire the premium customer segment by offering a complete range of financial products and services along with investment advisory services, which are technology driven, contemporary & comprehensive. To leverage our well established infrastructure of Wealth hubs, dedicated branches and e-Wealth Centres (where banking and investment services would be provided over audio, video and web chat channels) using state of the art technologies to mobilise Wealth Management Business. e- Cir., CORPORATE STRATEGY & NEW BUSINESSES. Sl. No. 1270/2015 - 16Cir. No.CS&NB/CS&NB-WM/26/2015 – 16 Thursday,January 14,2016. 05. Offsite Transaction Monitoring System (OTMS) Penalty provision in RFIA for submission of False / delayed compliance to OTMS alerts introduced by the Bank To discourage branches from submitting false / delayed compliance to OTMS alerts. With a view to discourage the branches from submission of false / delayed compliance to OTMS alerts, it has been decided to impose a penalty and award negative marks in RFIA score. e-Circular INSPECTION AND MANAGEMENT AUDIT. Sl. No. : 1133/2015 - 16 Circular No. : IMA/IMA-OTMS/7/2015 – 16 Monday,December 14,2015. 06. Car Loans Disbursement Through RTGS/NEFT : To control frauds in Car Loan disbursements. To avoid misuse of funds by the borrower. To ensure end use of funds. To avert fraudulent encashment of Car Loan Disbursement. To strengthen the SP of post sanction followup. e-Circular PBU-AUTO LOANS. Sl. No. : 1120/2015 – 16 Circular No. : NBG/PBU/AL-AUTOLOAN/43/2015 – 16 Wednesday,December 09,2015.
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For & Against 4 (Out of 6) 2 marks each and total 8 marks 01 Goods and Services Tax Bill For: All the taxes are integrated, it would make possible the taxation burden to be split equitably between manufacturing and services. It will help to build a transparent and corruption free tax administration. Presently, a tax is levied on when a finished product moves out from a factory, which is paid by the manufacturer and it is again levied at the retail outlet when sold. Against: It will not help small entrepreneurs and traders. It is impractical because it needs lot of coordination between Central and State Government for implementation by keeping out all political prejudices. 02 SOVEREIGN GOLD BONDS, 2015-16 Introduced by the GOI For: It is substitutes for holding physical gold. It is safe and secured investment as it is issued by RBI on behalf of GOI The risk in cost of storage and loss is eliminated. It generates fixed income on idle investment. Against: In case price of gold goes down, loss is born by the investor. The interest earned is not enough to beat inflation Interest earned on the gold bonds is taxable as per the tax bracket of investor. On maturity the proceeds are subject to capital gain. 03 Odd- Even Experiment in Delhi for pollution control: For: It is the best option to control the pollution check in Delhi. To safe guard the public health it a deterrent. It will motivate the commuters for car pooling to reduce the fuel consumption, vehicle traffic, cost and pollution. Against: It is one side adamant decision taken by the Delhi govt. against the public convenience. Traffic police will find the formula tough to implement. There will be arguments and jams in rush hour causes long tailbacks. 04 Approval by RBI for Payment Banks: For: It is a tool to promote financial inclusion. The more unbanked areas will be connected by payment banks. Customer will have an option to open a bank account with simplified KYC and with low transaction cost with the help of payment bank system. Against: It is a threat to the existing Public Sector Banks CASA business. It will not help to the people living in unbanked area for credit penetration. It is not a complete banking option for financial inclusion.
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05 LOS is mandatory for all segment products: For: Standard and uniform appraisal system is possible through LOS. It is a tool to implement Risk Scoring Model in loan appraisals. Error free interface to process, sanction and documentation. Against: It is very cumbersome to process the loans under LOS platform. The workflow in LOS is very tedious. It requires uninterrupted bandwidth connectivity and infrastructure to run. 06 Career Development System has been launched: For: It is a tool to evaluate staff scientifically. It is a process of motivating the performers. It improves productivity with objectivity. It eliminates human emotions in evaluation of performance. Against: It creates lot of ambiguity in performance appraisal. It is not practical according to the organizational culture. Grading of employees promotes division. Compulsory retirement of officers on the pretext of performance evaluation is inhuman.
Situational Analysis 2(Out of 3) 3 marks each and total 6 marks 01 Mr. Joseph and Mrs. Elizabeth are wife and husband operating locker with E or S since last 3 years. They also have salary account and car loan account with us. They are paying the locker rent and loan installment regularly on time without any delay. One day Mr. Joseph came to you with a Housing loan proposal and also submitted a letter saying that he had lost the locker key and a duplicate key be issued to him. A The key has been lost and the locker has to be forced open. In such circumstances, the request of all the locker holders is to be obtained in writing and the locker is forced open in the presence of both Mr. Joseph and Mrs. Elizabeth. A communication must be sent to Mrs. Elizabeth about the matter seeking his confirmation by email/fax/telephone. In view of the urgency and after satisfying ourselves, the locker may be forced open by the technical personnel in presence of both the operator. An inventory of the contents has to be kept on record. A letter ratifying the action has to be obtained from Mrs. Elizabeth and Mr. Joseph. We have to satisfy ourselves beyond doubt about the standing integrity of the parties. 02 Mr. Subbarao, is a business man running a stationary trading having a current account with you since 3 years. He approaches you with an expectation of loan for his business as he diverted his working capital to construct a house. He invested around 10lac to complete the construction from last 12months. You are willing to assist a working capital by Cash Credit Limit of Rs.10.00 lac as his business financials and tax returns are favorable. He is not will to take the commercial loan as interest rate is high. He requested you to give a Housing Loan instead for Tax Benefit and also low interest rate. How you will assist as a Branch Manager.
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A Home loan may be sanctioned for reimbursement of investment made by the borrower in housing from own resources during the preceding 12 months subject to the following conditions: – Reimbursement will be restricted to investments made by the borrower from own resources in construction/repair/renovation of house / purchaseof property. Small expenditure like furnishing, wood work will not be consideredfor reimbursement. Quantum of reimbursement will be based on (a) the present market value of the property as per the valuer‘s certificate less margin (arrived based on maximum permissible LTV) or (b) the investment made by the borrower less margin, whichever is lower. Expenditure receipts should be obtained and kept on record. A LTV of 75 % will be insisted upon. 03 Sri. Ramesh Babu is an illiterate, deaf and dumb is a progressive farmer in your village wants to open a Saving Bank Account to save his Agriculture Proceeds. How can you help him as a Branch Manager. A We can help Ramesh Babu to open Saving Bank Accounts though he is deaf, dumb and also illiterate on the following conditions. The Bank can in such cases preferably open joint accounts to be operated jointly by the deaf dumb illiterate along with his close blood relations. The left hand thumb impression of the depositor should be obtained on the account opening form in the place provided for signature of the depositor and on the specimen signature sheets in the presence of a supervising official authorized to sanction opening of accounts who should attest the thumb impression in the same manner as the specimen signatures. Brief details of one or two identification marks, if any, of the depositor, such as a mole or scar, should be noted on the account opening form under authentication of the authorized official. One copy each of the photograph will be pasted on the account opening form and will be authenticated by the authorized official in the same manner as the specimen signatures, care being taken to see that part of the authenticating signature appears on the account opening form and part on the photograph. 4 Comprehension 1 (4 Questions) 1 mark each and total 4 marks Now the question arises, what is the secret of the longevity and imperishability of Indian culture? Why is it that such great empires and nations is Babylion, Assyria, Greece, Rome and Persia, could not last more than the footprints of a camel in the shifting sands of the desert, while India which faced the same ups and downs, the same mighty and cruel hand of time, is still alive and with the same halo of glory and splendour? The answer is given by Prof. J. B. Pratt of America. According to him Hindu religion is the only religion in the world which is 'self-perpetuating and self-renewing.' Unlike other religions 'not death, but development' has been the fate of Hinduism. Not only Hindu religion but the whole culture of the Hindus has been growing changing and developing in accordance with the needs of time and circumstance without losing its essential and imperishable spirit. The culture of the vedic ages, of the ages of the Upanishads, the philosophical systems, the Mahabharata, the Smirities, the Puranas, the commentators, the medieval saints and of the age of the modern reformers is the same in Spirit and yet very different in form. Its basic principles are so broad based that they can be adapted to almost any environment of development.
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01. In what respect is India implied to be superior to all other nations and empires? A) Material development (B) Cultural advancement (C) Military strength (D) Territorial expansion 02. What, according to J. B. Pratt, is the secret of the longevity and imperishability of Indian culture? (A) It has its origin in the remote past (B) It issues from the minds and hearts of its sages (C) It is self-perpetuating and self-renewing (D) It is founded on religion 03. Which of the following has not been mentioned as a particular period of Indian culture? (A) The Vedic age (B) The age of Upanishads (C) The age of the Mahabharata : (D) The British period 04. What is the characteristic quality of the basic principles of Indian culture ? (A) They are static (B) They derive their strength from the genius of the people (C) They can be adapted almost to any environment of development (D) They believe in the purity of Indian culture
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5 Business Correspondence 1(Out of 2) 4 mark each and total 4 marks 01 A Term deposit favoring Mr. Deceased for Rs.100,000/- is due for payment next weak. The deposit account has nomination in favor of Mr. Nominee. Today, you have received a notice from an advocate of Mr. Claimant, claiming to be the son of the deceased. The notice advises you to stop payment to the nominee, as the deposit belongs to the Joint Hindu Family of the deceased. Please write a suitable reply.
State Bank of India Branch:
Ref.No. MIS Date:
To Shri …………….Advocate, ______Dear Sir,
TERM DEPOSIT IN THE NAME OF Mr. DECEASED
With reference to your letter dated …….., we have to advise as under. We have received an application for claiming the deceased term deposit by Mr. Nominee, who is the nominee of the captioned deposit that the depositor Mr. Deceased has expired on date……………
In terms of Nomination Rule under Section 45ZA of the Banking Regulation Act, the Bank has to make payment of the deposit to the nominee. On our verification of the records, we confirm that the fixed deposit stands in the individual name of the depositor who had made a valid nomination under the above Section. According to your notice on behalf of your client, the deposit belongs to the joint family and not to the deceased in his individual capacity is a matter to be settled between him and the nominee. The Bank is not part with the said dispute. The Bank is under an obligation to pay the amount to the nominee. Unless therefore an order issued by a competent court restraining payment to the nominee is served on us. In view of the above we will pay to Mr. Nominee without any further reference to you.
Yours faithfully,
Branch Manager.
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02 You are a Br. Manager of Scale –III incumbency reported recently. You found that all old obsolete stationary, computers and furniture are lying in the second floor. The second floor of the premises is an abandon place since years together. It is not needed at all considering even the future requirement. The book values of these assets are zero. You are paying monthly rent of Rs.50000/- considering the space. The space can be utilized by CPC‘s or any administrative office purpose. You also find that an NGO intends to conduct free computer education programme in a village serviced by the bank. NGO is ready to use the computers and furniture by convert them in such a way they can use it. Please write a letter to the appropriate authority recommending donating the old computers and furniture and also inform that the space may be better utilized.
State Bank of India Branch:
Ref.ZO Date:
The Asst. General Manager, State Bank of India, Region: Zonal Office
Dear Sir/Madam,
DISPOSAL OF OBSOLETE FIXED ASSETS
We found that all old obsolete stationary, computers and furniture are lying in the second floor. The book value of these assets is zero The second floor of the premises is an abandoned place since years together. It is not needed at all considering even the future requirement. We are paying monthly rent of Rs.50000/- considering the space. The space can be utilized by CPC‘s or any administrative office purpose. We find that an NGO intends to conduct free computer education programme in a village serviced by the bank. NGO is ready to use the computers and furniture by converting them for the proper use.
In view of the above, we may be permitted to donate the obsolete unused computers and furniture and sell the stationary to the bank approved vendor. The space available in the second floor maybe utilized effectively by the Bank for housing Clearing CPC or make use of the same in some other way.
Yours faithfully,
Branch Manager.
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STATE BANK LEARNING CENTRE-SECUNDERABAD MOCK TEST FOR CONFIRMATION / PLACEMENT IN JMGS-I / MMGS-II PART-A : OBJECTIVE:
1 Entries relating to excess cash found in cash balance are transferred to Commission A/c at------intervals. a) Monthly b) Quarterly c) Half yearly d) Yearly 2 Under Prevention of Money Laundering Act-2002 banks have to report suspicious transactions to------New Delhi a) RBI b) CBI c) LHO d) FIU-IND 3 What is the minimum I maximum cash award that can be sanctioned under the Scheme for recognition and reward of alertness in staff in prevention / detection / foiling of frauds? a) Rs.100/-/ Rs.50,000/- b) Rs.100/-/ Rs.1,00,000/- c) Rs.500/-/ Rs.50,000/- d) Rs.500/-/ Rs.1,00,000/-
4 Which one of the following documents will become invalid by over stamping? a) Indemnity b) DP Note c) Hypothecation agreement d) None of these 5 For High & Medium Risk categories of customers, periodicity of updation of KYC is at once in______year(s). a) 2&4 b) 2&8 c) 8&10 d) None of these 6 The relationship of the banker with the purchaser of the draft is______a) debtor and creditor b) trustee and beneficiary c) creditor and debtor d) lessee and lessor 7 BIAK‖ in IOI denotes a) Branch Internal Authorization Key b) Built-in Authorization Key c) Bank Internal Authorization Key d) Built-in Authentication Key 8 Who are not eligible to open PPF account-- a) HUF b) NRI c) Trust d) All of these 9 Who is in charge of Information Technology at the Corporate Centre ? a) DMD & CIO b) CIO(Chief Information Officer c) CGM IT d) MD Risk Management 10 Which consultancy organization is associated with the Project Saksham? a) Boston Consultancy b) Deloite c) McKinsey &Co d) None of these 11 Environmental data of a branch is available in the ------a) Regional Business Office b) Branch Dossier c) State Bank Times d) RFIA Report
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12 In respect of the proposals considered by SMEC, who is responsible for compliance of KYC norms ? a) AGM of SMECE b) BM/CM/AGM of the Branch handling the account c) CM of RASMACC d) Any of these 13 ‗Kubera‘ software developed by BPR Team is used by a) RACPC b) Current Administration Cell. c) GITC d) None of these 14 A Mid-Corporate is defined as a unit with an annual turn-over between----- and a) Rs 1 crore and Rs 10 crore b) Rs 5 crore and Rs 100 crore c) Rs 50 crore and Rs 500 crore d) Rs 100 crore and Rs 500 crore 15 SBI has established SBI custodial services Pvt Ltd in collaboration with…. ; SBI has…..% share a) GE Capital, India 74% b) BNP Paribus, Fance 76% c) SBI General, Australia 75% d) Society Generate, France; 65% 16 Which is the New Strategic Business Unit (SBU) created under NBG ? a) Real Estate, Habitat and Housing b) Real Estate, and Housing Development. Development
c) PBU d) None of these 17 Safe custody/security accounts are to be balanced at______periodicity a) Monthly b) Quarterly c) Half yearly d) Yearly 18 LIC Policies/Life Insurance Policies accepted as security are recorded in a) Safe Custody Register b) Branch Document Register c) Sundry Register d) Miscellaneous Security Register 19 The minimum period for which rental for a locker will be recovered in advance is a) 1year b) 2 years c) 3 years d) None of these 20 If a Safe Deposit Receipt is lost, what should be obtained for delivering the receipt? a) duplicate receipt issued and b) A stamped indemnity delivered c) an indemnity without stamp d) None of these 21 The no of times a locker can be operated without fee in a year is------, thereafter Rs.lOO+ST per visit is recovered a) 10 b) 12 c) 15 d) 18 22 The validity of a revalidated draft is limited to------months from the date of revalidation a) 12 b) 9 c) 6 d) 3 23 What is the period within which collection cheques between two SBI branches in Metros / Major ‗A‖ Class cities have to be realized? a) 3days b) 6days c) 9days d) 12days
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24 What is the limitation period of a usance bill/promissory note? a) 1 year from due date b) 2 years from due date c) 3 years from due date d) 5 years form due date 25 Cut off limit for double signature in IOI is a) Rs.1,00,000/- b) Rs.1,50,000/- c) Rs.2,00,000/- d) Rs.2,50,000/- 26 Branch Documents Register consists of ------sections a) 9 b) 8 c) 7 d) 6 27 The Fidelity Insurance cover for Single Window Operator is Rs.------a) 3 lacs b) 5 lacs c) 7 lacs d) 9 lacs 28 The minimum score to be obtained by a branch for Well Controlled rating under RFIA a) 750 b) 800 c) 850 d) 900 29 Branches should conduct customer service committee meeting at ______intervals a) Monthly b) Quarterly c) Half yearly d) Yearly 30 Emergency arrangements in case of sudden incapacitation of Branch Manager are reviewed at a) Monthly b) Quarterly c) Half yearly d) Yearly 31.After opening the deposit accounts at the branch the relative account opening forms should be sent to a. LCPC b.CCPC c. CPPC d.LHO 32. The report ―list of NPA accounts is -----report. a. Daily b.weekly c. Monthly d.yearly 33. What is LOS stands for. a. Loss at standard status b.Loan origination software c. Loss originated d.loss originated 34.what is the site address of our e-learning site a. https://learning .sbi.co.in b.https://mylearning.sbi.co.in c. https://mybanklearn.sbi.co.in d.https://mybanklearning.sbi.co.in 35.Expand ADS a. Assets Delivery services b.Asset & Deposit statement c. Active Deposit scheme d.Acitve Directory Services 36. what are the services not provided by our contact centre. a. complaints management b.balances on customer accounts on obile c. payment tracking d.online banking password generation 37. One can use Banks HR dashboard site for the following data. a. expenses analysis b.charges analysis c. Recruitment analysis d.Retirement analysis.
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38.what is SBI-e-pay a. Payment aggregator service B. Enables the sme customers to collect the launched by SBI receivables. c. enables pension payments by d.It is an online facility for forex payments CPPC. 39. Login credential for accessing KHL in SBI times. a. Personal EMS id b.Any EMS id c.Personal HRMS id d.Branch HRMS id 40. Expand IFAMS. a. inter branch furniture assets b. Intranet based fixed assets management system management system c. internet and intranet fixed assets D.inter-core furniture assets management system. maintenance system. 41.which of the following can be used as a secure PIN for ATM. a. Year of birth. b.Your vehicle registration. c.any random number which is not d.your employee number. easily guessable. 42.If a mobile banking customer loses his mobile phone what is the course of action. a. Deregister from mobile banking b.Call up the telecom service provider to block his service. sim card c.A & B d.Restore his phone contact numbers from a backed up file. 43.As per our banks IS security policy , which of the following is treated as security violation. a. Connections modems to computers b.introducing Virus without approval. c.By passing Access Control d. All of the above. Mechanism 44.FXOUT is available at a. All Metro branches b.All Branches c. No such facility available d.None of the above 45.what is the technology initiative that is internet based, biometrically enabled real-time for financial inclusion. a. Rupee based initiative b.Kiosk banking c.FI banking d.Project Zero Mass 46.cash can be deposited in CDM by using which of the following cards. a.SBI ATM cum debit card B.SME insta Deposit card. c. Green Remit card d.All the above. 47.If there is difference is the number of pieces remitted by the customer in CDM a. The amount equaling to the actual B.The CDM will reject the transaction. no of pieces is taken into account c.The CDM will accept only after d.none of the above. confirmation by the customer.
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48.If any suspected note is detected by CDM. a.Notes retained by the machine please contact the B.CDM will reject the entire branch manager will come. amount of cash deposit. c.CDM will credit the account with the amount of deposit d. none of the above. minus suspected notes value. 49.Maximum amount of deposit a customer can make in CDM per transaction is a. Rs.40000/- b. Rs.25000/- c.Rs.49900/- d.Rs.30000/- 50.CDM while depositing cash ensures a. Quality of notes b.Quantity of notes c. Both quality & Quantity d.none of the above. 51.Green Channel Counter is available for a. Cash deposit. b.Cash withdrawal c.Funds transfer d.all the above 52. The maximum amount that can be transacted through GCC at a single transaction is a. Rs.30000/- b.Rs.50000/- c.Rs.40000/- d.Rs.25000/- 53.The cards that can be used for transactions in GCC. a.SBI ATM debit card b. SME insta dep card& business debit card c. Green Remit card d. all the above 54. State bank buddy can be used by a. Any customer b.Any Person having android mobile c. Any Bank customer d.none of the above. 55.GRC can be used. a.GCC in branches b.CDM c.GCC/CDM both d.None of the above 56.Maximum transaction limit per transaction through GRC a.Rs.40000/- b.Rs.20000/- c. Rs.25000/- d.Rs.10000/- 57.Maximum CAP allowed per month through GRC is a.Rs.50000/- b.Rs.250000/- c.Rs.25000/- d.Rs.100000/- 58.Maximum transaction limit per transaction through GRC a.Rs.40000/- b.Rs.20000/- c. Rs.25000/- d.Rs.10000/- 59.Maximum number of can be deposited in CDM is a. 50 b.100 c.150 d.200
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60. What is the insurance coverage available to Platinum International ATM card for Platinum account holders under PAI (death) cover? a. 25 lacs b. 5 lacs c.3 lacs. d.10 lacs 61 Car loan can be sanctioned under which of the facilities? a) Term Loan b) Demand Loan c) Overdraft d) Either TL or OD 62 Which of the following are eligible to apply for a car loan? a) Salaried employees b) Professionals, self- employed persons, businessmen c) Agriculturists d) All the above 63 Which of the following category of car loan applicant need not submit Income Tax Return/Form 16? a) Salaried employees b) Professionals, self- employed persons, businessmen c) Agriculturists d) All the above 64 The age of a car loan applicant should be between ______a) 18-60 years b) 21-60 years c) 21-65 years d) 21-70 years 65 Car loan must be fully repaid before the borrower attains the age of : a) 60 years b) 65 year c) 70 years d) 75 years 66 The minimum Limit Sanctioned under SBI PAL (Pre Approved Limit)…. a)Rs.10.00 Lakhs b)Rs.15.00 Lakhs c)Rs.20.00 Lakhs d)Rs.25.00 Lakhs 67 The Validity period of SBI PAL (Pre Approved Limit) is …. 1 month 2 months 3 months 4 months 68 Name the product offered to the Home Loan borrowers for funding 100% SBI Life premium SBI Home Suraksha SBI Suraksha SBI Home Life None of the above 69 Home Loan product offered to Salaries employees having age of 21 years and above but below 45 years is called ……. SBI Yuva Loan SBI Flexipay Home Loan SBI Easy Loan SBI Young Home Loan 70 Minimum Loan amount under SBI Flexipay Home Loan…. Rs.10.00 Lakhs Rs.15.00 Lakhs Rs.20.00 Lakhs None of the above 71 What is the minimum and maximum tenor of SBI Flexipay Home Loan? 10 years & 30 years 15 years & 30 years 20 years & 30 years 25 years & 30 years
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72 For securing Education loan which of the following documents is mandatory for both the student and parent/guardian a) Ration card b) PAN card c) Passport d) Voter ID 73 Our Educational loan scheme does not cover a) Within India b) Foreign Study c) Distance Education d) None of the above 74 Expenses for like study tours, project work, thesis, etc. can be considered for loan subject to the condition that these should be capped at ____ of the total tuition fees payable for completion of the course. a) 40% b) 35% c) 20% d) None of the above 75 Security for Education loan up to Rs.7.5 lakhs? a Third party guarantee b Coobligation of parent(s) & No Security c Immovable property d 76 Cost of a two-wheeler upto Rs. ______can be included in the expenses considered eligible for finance where the loan amount is secured by a suitable third party guarantee and/or tangible collateral security. a) 1,00,000/- b) 45,000/- c) 50,000/- d) None of the above 77 Educational loan Quantum of finance____? a) Rs.10 lacs for studies in India & Rs.30 lacs for b) Rs.15 lacs for studies in studies abroad India & Rs.30 lacs for studies abroad c) Rs.20 lacs for studies in India & Rs.10 lacs for d) None of the above studies abroad 78 How many Demand Loans can be sanctioned against same TDR/STDR within the overall permissible amount? a) One b) Two c) Three d) Four 79 In special cases, the AGM/RM can permit ____ loan against the same TDR/ STDR within the overall permissible amount a) Second b) Third c) Fourth d) Fifth 80 The maximum amount that can be sanctioned against security of shares is a) 5 lacs b) 20 lacs in demat form and 10 lacs for physical shares c) 50 lacs d) No limit 81 What is the margin prescribed for advances against shares granted for the purpose of acquiring new shares? a) 50% b) 40% c) 33 1/3% d) 75%
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82 The maximum Gold Loan amount that can be sanctioned under SBI Personal Gold Loan a) Rs.1.00 lac b) Rs.5.00 lacs c) Rs.20.00 lacs d) No limit 83 For availing Pension loan maximum age should not exceed? a) 70 years of age b) 76 years of age c) 72 years of age d) None of these 84 Minimum loan amount under Pension loan for Pensioners & Family pensioners? a) Rs.50,000/- b) Rs.25,000/- c) Rs.1,00,000/- d) 10% 85 Maximum loan amount under Pension loan scheme for pensioners ? a) 18 months Pension b) Maximum Rs.14 lacs c) Both of the above d) None of the above 86 Maximum loan amount under Pension loan scheme for Family pensioners ? a) 18 months Pension b) Maximum Rs.5 lacs c) Both of the above d) None of the above 87 Maximum age limit at the time of full repayment for Pensioners & Family pensioners ? a) 78 years b) 80 years c) 84 years d) None of the above 88 Under Xpress Credit Loan Scheme, the maximum loan amount for School Teachers shall be a maximum of…….… a) 12 times NMI b) 24 times NMI c) 36 times NMI d) 48 times NMI 89 Apart from ―PAN Verification, the Xpress Credit proposals should be processed through ‗LOS‘ without any exception to ensure ……… a) CIBIL Defaulters b) Validation under Risk Scoring c) De-dupe Check d) All of these 90 Respective RM, RBO to the DGM(B&O) will certify ______that all Control Returns in respect of Xpress Credit Loans sanctioned by the Branches under their control up to the end of previous month have been scrutinized and found in order. a) Monthly b) Bi-monthly c) Quarterly d) Half yearly 91 The maximum amount of loan that can be sanctioned to a Manufacturing unit under SME Smart Score? a) Rs.10 Lacs b) Rs.5 Lacs c) Rs.50 Lacs d) Rs.25 Lacs 92. The minimum amount of Loan that can be sanctioned to a Manufacturing unit under SME Smart Score? a) Rs.5 Lacs b) Rs.25 Lacs c) Rs.10 Lacs d) Rs.2 Lacs 93. The margin stipulated for a term loan under SME Smart Score is______. a) 25% b) 20% c) 33% d) 30%
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94. The minimum percentage of score that an applicant should get in order to avail a loan under SME Smart Score? a) 60% (with a minimum score of 50% under b) 75% (with a minimum each sub head) score of 60% under each sub head) c) 50% (with a minimum score of 45% under d) 70% (with a minimum each sub head) score of 60% under each sub head) 95. The maximum amount of loan that can be sanctioned under SME Smart Score for a Trader / Service provider? a) Rs.100 Lacs b) Rs.50 Lacs c) Rs.60 Lacs d) Rs.25 Lacs 96. What percent of annual turn over can be financed as working capital under SME Smart Score for a manufacturing unit? a) 20% b) 15% c) 25% d) 30% 97. What percent of annual turn over can be financed as working capital under SME Smart Score for an unit dealing in Trade & Services? a) 25% b) 15% c) 20% d) 30% 98. The maximum repayment period that can be allowed for a term loan under SME Smart Score? a) 5 years excluding moratorium of 6 b) 5 years including moratorium months of 6 months c) 7 years including moratorium of 6 d) 7 years excluding moratorium months of 6 months 99. The age criteria stipulated for the promoter/ applicant to avail a loan under SME Smart Score is______a) Min 21 Yrs- Max 65 Yrs. b) Min 21 Yrs- Max 70 Yrs. c) Min 18 Yrs- Max 65 Yrs. d) Min 18 Yrs- Max 60 Yrs. 100. Which of the following is true? a) Loans not approved under SME b) SME Smart Score is renewed Smart Score can be financed under once in 2 years and reviewed the normal credit dispensation based every year on considerations. c) The margins stipulated under SME d) All the above Smart score are 25% for W.C. and 33% for T.L. 101 What are two types of Ratings we have in New CRA 2010? a) Regular & Simplified Ratings b) Borrower & Facility Ratings c) WC & TL Ratings d) None of these
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102 CRA 2010 is applicable for all advance accounts with aggregate exposure(Fund based+ Non fund based) of ______a) Rs 5 lacs and above b) Rs 1 crore and above c) Rs 50 lacs and above for all loans with a d) Rs 5 crores and above risk scoring model 103 How many risk rating grades are there in CRA 2010? a) 16 b) 10 c) 8 d) 15 104 CRA 2010 is applicable for all advance accounts with aggregate exposure(Fund based+ Non fund based) of ______a) Rs.5 lacs and above b) Rs 25 lacs and above for loans sanctioned under general credit c) Rs 1 crore and above d) Rs 5 crores and above 105 What is the hurdle rate under New CRA-2010? a) SB- 5 b) SB- 4 c) SB- 8 d) SB- 10 106 Opinion reports on Borrowers / Guarantors are to be updated at --- a) Quarterly intervals b) Half yearly intervals c) at yearly intervals irrespective of review / d) at the time of renewal / renewal enhancement of of limits
107 Financial Follow up Reports (FFRs) to be submitted by borrowal accounts with FBWC limits of a) Rs 5 Crore and above b) Rs 2 Crores and above c) Rs 1 Crore and above d) Rs 3 Crores and above 108 FFR I should be submitted at a) Quarterly intervals within 6 weeks from b) Quarterly intervals within 6 the completion of the quarter weeks from the completion of the quarter c) Half yearly intervals within 6 weeks d) Half yearly intervals within 8 from the completion of the Half year weeks from the completion of the Half year 109 What do you mean by specified securities? a) stocks, funds and securities (other than b) receipts, certificates or any immovable property) in which a trustee other form of instrument issued may invest trust money under any law by the State Bank in evidence of for the time being in force in India; or representing amounts deposited with it c) any other security that may be d) All of the above specified by the Central Board
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110 FFR II should be submitted at a) Quarterly intervals within 6 weeks from b) Half yearly intervals within the completion of the quarter 8 weeks from the completion of the Half year c) Quarterly intervals within 6 weeks from d) Half yearly intervals within the completion of the quarter 6 weeks from the completion of the Half year 111 Prudential exposure limits for single and group borrowers other than infrastructure projects is:- a) 15% of the capital (Tier I and Tier II b) 25% for individual Capital) of the Bank for single and 40% borrowers and 50% for for the group of borrowers group of borrowers
c) 20% of the capital of the Bank for d) None of the above individual and 50% for the group of borrowers 112 What constitutes exposure? a) Includes both FB and NFB limits b) Loans and advances sanctioned to the borrowers sanctioned to the borrowers c) Includes FB and NFB facilities, d) all of the above investments, underwriting and any other commitment 113 What are the substantial exposure norms for single borrower specified by our Bank? a) 15% of the Tire I and Tire II capital of the b) 7.5% of the Tire I and Tire Bank II capital of the Bank. c) Rs. 20 crores d) None of the above. 114 What are the prudential exposure norms for non-corporate and non-individual borrowers? a) Rs.80 crores b) 100 crores c) Rs. 50 crores d) 25 crores 115 What is the loan policy guideline of the Bank in respect of maturity of loans (inclusive of gestation period)? a) 10 years b) 5 years c) 7 years d) 8 years 116 What is the indicative bench mark of the Bank in respect of Current Ratio for Manufacturing units? a) 1.25 b) 1.50 c) 1 d) 1.33 117 To assess the financial soundness of the unit, what is the reasonable TOL/TNW prescribed by the Bank for Trade and Service Units? a) 2:1 b) 5:1 c) 4:1 d) 3:1
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118 What is the indicative Net Debt Service Coverage Ratio prescribed by the Bank? a) 3:1 b) 1.75:1 c) 2:1 d) 1.50:1
119 What is the indicative Gross Debt Service Coverage Ratio prescribed by the Bank? a) 3:1 b) 1.75:1 c) 2:1 d) 1.50:1 120 What is the indicative Debt Equity Gearing prescribed by the Bank for Trade & Service Units? a) 1.50 : 1 b) 2.25: 1 c) 1.75:1 d) 2: 1
GENERAL AWARENESS 121. Commodity exchange markets in India are regulated by a) Commodities exchange Board b) Forward markets commission c) Commodities Exchange d) Commodities Exchange Regulation Regulation Commission. Board. 122. MCA-21 relates to a) Mopping up of black money in the b) Prevention of malpractices by country. companies. c) Computerization of ROC/MCA d) Governing companies in a better (Registrar of companies) dealings. way in the wake of Sathyam. 123. Bombay Stock Exchange (BSE) is situated at Mumbai. Where is the National Stock Exchange (NSE)? a) Kolkata b) New Delhi c) Bangalore d) Mumbai 124. Stress Testing in financial parlance relate to a) Finding out Bank‘s strength to b) An advanced approach for asset withstand various stresses liability management of financial emanating from various risks. institutions. c) Business strategy of banks by d) An approach for measuring stress testing the stress in the economy. levels in bank employees. 125. IRDA Chairman is a) Amitabh Chowadhary b) J.Hari Narayan c) K.Chakraborthy d) T.S.Vijayan 126. The headline inflation measure in Indian economy are based on a) Year-on-year variation of WPI. b) Year-on-year variation of CPI. c) Real time variation of WPI d) Real time variation of CPI. 127. Bit coins in the economy means a) Bit coins is digital currency not b) New currency going to be backed by any Government. introduced. c) Coins in bit form d) Plastic coins.
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128. As per IRDA, a pension insurance policy should also contain a provision for a) One time withdrawal b) An annuity c) Benefits of accident d) Both (b) & (c) 129. M-3 money supply measurement in India takes into consideration a) Post office SB savings b) Time deposits with banks c) Interbank deposits d) All the above. 130. The social web site ―ORKUT‖ is owned by a) msn.com b) Rediff.com c) Google d) None of the above 131. 4G SPECTRUM is a) New generation of cell phones b) Allotment of new and higher bandwidths in cellular communication c) New technology in cellular d) Multimedia cellular communication .communication. technology. 132. The managing director of IMF is a) Percy Anderson b) Lileon Mathew c) Christine Lagarde d) Lely Cipora 133. Vijay Malya Chairman of the ill fated Kingfisher Airlines resigned from a) VB Group b) UB Group c) Jaiswal Group d) Jindal Group 134. Who is the president of CII? a) Adi Godrej b) Dr.Naushad Forbes. c) D.Parekh c) Anil Ambani 135. The world Bank consists of a) IBRD (International Bank for b) IBRD only and IDA is an reconstruction and Development) independent and complementing & IDA (International development agency. Agency). c) IDA only and IBRD is an d) None of the above is correct. independent and complementing agency.
136. World‘s largest bank in terms of balance sheet size is a) BNP Paribas b) Deutche Bank c) HSBC Bank d) ICBC of china 137. Procyclicality is a word associated with a) Credit Risk b) Market Risk c) Country Risk d) Systemic Risk 138. Carbon credits are systematized following a) Paris protocol b) Kyoto protocol c) Manila protocol d) Washington protocol
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139. The institution which looks after regulation of insurance sector in the country is a) IRDA b) AMFI c) ICDA d) SEBI 140. As per the recommendations of Basel-III, the Tier-2 capital is to be ______a) Enhanced b) Reduced c) Eliminated d) Harmonized. 141. The tag line of which of the following banks is ―world‘s local bank‖ a) HDFC b) ABN AMRO c) HSBC d) CITY BANK Who is the chairman of IBA (Indian Banks Association)? 142. a) Smt.Chanda Kochchar b) Sri.Rajeev Rishi c) Shri.Bhaskar Sen d) Shri.K.R.Kamath 143. Aadhar Payment Bridge System (APBS) was developed by a) NPCI b) RBI c) SBI d) CCIL 144. Which bank / Financial Institution took the lead in setting up of CCIL (Clearing Corporation of India Limited)? a) SBI b) IDBI c) LIC d) ICICI 145. As per SEBI Rules, what is the maximum investment limit for Retail Inventors in public issues? a) Rs.50,000/- b) Rs.100,000/- c) Rs.125,000/- d) Rs.200,000/-
146. Jean Claude Trichet is a personality associated with______? a) IMF b) World Bank c) European Central Bank d) Federal Reserve 147. Which of the following summits is related to climate change? a) Canberra summit b) Greenland summit c) Copenhagen summit d) Venice summit 148. Who is the chief of IBA? a) Shri.T.M.Bhasin b) Shri . Rajeev Rishi c) Shri.Bhaskar Sen d) Smt.Arundhati Bhattacharya 149. Monetary review will be taken up by RBI at a) Half yearly intervals b) Annual policy c) Quarterly intervals d) Bi-monthly intervals. 150. Finacle is a CBS software developed by a) TCS b) Infosys c) IBM India d) i-flex solutions
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ANSWERS TO OBJECTIVE TEST: 1 2 3 4 5 6 b d c d b a 7 8 9 10 11 12 d d a a b b 13 14 15 16 17 18 b c d a c d 19 20 21 22 23 24 a c b d b c 25 26 27 28 29 30 b c b c a d 31 32 33 34 35 36 a a b d d d 37 38 39 40 41 42 d a b b c c 43 44 45 46 47 48 d b b d c a 49 50 51 52 53 54 c c d c d b 55 56 57 58 59 60 c c d c d b 61 62 63 64 65 66 d d c c c a 67 68 69 70 71 72 d a b c d b 73 74 75 76 77 78 c c b c a d 79 80 81 82 83 84 d b a c b b 85 86 87 88 89 90 c c a b d a 91 92 93 94 95 96 c a c a d A 97 98 99 100 101 102 b a c d b c 103 104 105 106 107 108 a b d c a a 109 110 111 112 113 114 d b a d b b 115 116 117 118 119 120 a d b c b d 121 122 123 124 125 126 b c d a d a 127 128 129 130 131 132 a d b c b c 133 134 135 136 137 138 b b a d d b 139 140 141 142 143 144 a d c b a a 145 146 147 148 149 150 d c c b d b
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MOCK TEST FOR CONFIRMATION FROM JMGS I TO MMGS-II PART-B: DESCRIPTIVE:
COMPREHENSION OF A NOTE/PROPOSAL IN DAY TO DAY OPERATIONS & ANSWERING QUESTIONS : 30 marks
It is a strange that, according to his position in life, an extravagant man is admired or despised. A successful businessman does nothing to increase his popularity by being careful with his money. He is expected to display his success, to have smart car, an expensive life, and to be lavish with his hospitality. If he is not so, he is considered mean and his reputation in business may even suffer in consequence. The paradox remains that if he had not been careful with his money in the first place, he would never have achieved his present wealth. Among the two income groups, a different set of values exists. The young clerk, who makes his wife a present of a new dress when he hadn‘t paid his house rent, is condemned as extravagant. Carefulness with money to the point of meanness is applauded as a virtue. Nothing in his life is considered more worthy than paying his bills. The ideal wife for such a man separates her housekeeping money into joyless little piles- so much for rent, for food, for the children‘s shoes; she is able to face the milkman with equanimity and never knows the guilt of buying something she can‘t really afford. As for myself, I fall into neither of these categories. If I have money to spare, I can be extravagant, but when, as is usually the case, I am hard up, then I am the meanest man imaginable.
1. In the opinion of the writer, a successful businessman: (a) is more popular if he appears to be doing nothing. (b) should not bother about his popularity. (c) must be extravagant before achieving success. (d) is expected to have expensive tastes.
Ans : ______
2. The phrase lavish with his hospitatlity signifies: (a) miserliness in dealing with his friends. (b) considerateness in spending on guests and strangers. (c) extravagance in entertaining guests. (d) indifference in treating his friends and relatives.
Ans : ______
3. We understand from the passage that: (a) all mean people are wealthy (b) wealthy people are invariably successful. (c) carefulness generally leads to failure. (d) thrift may lead to success.
Ans : ______
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4. It seems that low paid people should: (a) not pay their bills promptly. (b) not keep their creditors waiting. (c) borrow money to meet their essential needs (d) feel guilty if they overspend Ans : ______
5. The word paradox means: (a) statement based on facts. (b) that which brings out the inner meaning. (c) that which is contrary to received opinion. (d) statement based on the popular opinion.
Ans : ______
6. How does the housewife, described by the writer, feel when she saves money? (a) is content to be so thrifty. (b) wishes life were less burdensome. (c) is still troubled by a sense of guilt. (d) wishes she could sometimes be extravagant.
Ans : ______
7.Which of the following is opposite in meaning to the word applauded in the passage? (a) Humiliated (b) Decried (c) Cherished (d) Suppressed
Ans : ______
8. The statement she is able to face the milkman with equanimity implies that: (a) she is not upset as she has been paying the milkman his dues regularly. (b) she loses her nerve at the sight of the milkman who always demands his dues. (c) she manages to keep cool as she has to pay the milkman who always demads his dues. (d) she remains composed and confident as she knows that she can handle the milkman tactfully. Ans : ______
9. As far as money is concerned, we get the impression that the writer: (a) is incapable of saving anything (b) is never inclined to be extravagant (c) would like to be considered extravagant (d) doesn‘t often have any money to save.
Ans : ______
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10. Which of the following would be the most suitable title for the passage? (a) Extravagance leads to poverty (b) Miserly habits of the poor. (c) Extravagance in the life of the rich and the poor. (d) Extravagance is always condemnable.
Ans : ______
Answers
1 D 2 C 3 D 4 D 5 C 6 A 7 B 8 A 9 D 10 C
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A CORRESPONDENCE EXERCISE (NOTE LETTER FROM A BRANCH / ADMINISTRATIVE OFFICE) 10 marks
Write an appreciation letter to a Branch under your control (as a Regional Manager), congratulating them for their success in migrating more than 80% of their customers to Alternate Channels.
ADDRESS OF REGIONAL OFFICE IN
REGIONAL LANGUAGE HINDI ENGLISH
To, The Branch Manager State Bank of India …...... Branch
RBO/HR Letter No: 31/2017-18 Date: 18.0
Madam/Dear Sir,
CONGRATULATION SHIFTING CUSTOMER TO ALTERNATE CHANNEL
I congratulate you and your team members and put on record my appreciation on account of shifting 80% of your customer to Alternate Channel. Because of this effort on your part, your branch became the first branch in the circle to achieve this target.
Please convey my congratulation to your team members. I trust you will lead your team and continue your efforts to achieve better results in future.
With best wishes
Yours sincerely,
Regional Manager.
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CASE STUDIES /SITUATIONAL ANALYSIS SIMULATING PRACTICAL PROBLEMS IN THE BANK ENVIRONMENT.
40 marks 4 questions
1. A cheque drawn in favor of Sri Ram Kumar marked with „Not Negotiable crossing‟ is paid to the credit of Sri Mohan Kumar‟s Account, an endorsee. Discuss the position of Paying Banker. As per Sec 130 of NI Act, Not negotiable crossing does not restrict the transferability of the cheque. It can be further transferred by endorsement and delivery. However, the transferee of the cheque does not get better title than the transferor. Thus, the words ‗Not Negotiable‘ are only a caution for the transferee to accept such cheques from well known parties or after being satisfied with his/her title to the cheque. Thus paying banker is justified in making payment of the cheque and crediting Sri Mohan‘s Kumar account if otherwise in order.
2. On random scrutiny of some of the SB accounts in your branch, the central office inspector informs that proper details of PAN number is not recorded in respect of many accounts, where huge amounts of transactions are taking place. What is the implication of this situation on the Bank as a whole? How to rectify the position? Single Annual Information Return (AIR) in respect of savings accounts with cash deposits of Rs.10 lakhs or more in a financial year is required to be filed at the whole bank level to revenue authorities. Non-reporting/non availability of PAN, in such cases where the aggregate cash deposit per annum is Rs 10 lakh or more, is not acceptable to the Revenue authorities. They have desired the PAN to be quoted for almost all the transacting parties reported in the AIR barring Govt. Accounts. The purpose of the return itself is defeated as the information provided cannot be processed when PAN is not provided/incorrect PAN is provided and address of transacting party is incomplete or not provided. It is quite evident from the above that the situation prevailing in our branch creates a great amount of embarrassment and poor image of our Bank before CBDT authorities. To improve the situation, we may identify those accounts and arrange to obtain PAN from those parties. Then the data in CBS will be updated.
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3. X, Y and Z are the partners of a firm. The firm is availing an overdraft limit of Rs 5 lakh from your branch. You come to know from reliable source that Mr X died on 27th Jan 2011. Two cheques signed by Mr X are presented for payment on 28th Jan 2011. Cheques are dated prior to the date of death of Mr X and within 6 months from the date of issue. What actions you will take?
On receipt of information of death of a partner X in the firm, operation in the overdraft account with us should be stopped immediately in order to determine the liability of the deceased partner. Estate of deceased partner X will only be liable for payment of debt raised by the firm before his death. Moreover, if we fail to do so, clayton‘s rule will come into play. Any further credit in the account will reduce the liability of the deceased partner Mr. X. We should, therefore open a new current account in the name of reconstituted firm to facilitate the continuance of business pending sanction of suitable credit limits. Fresh mandate for operating the account by the surviving partners should also be obtained. Cheques drawn by deceased partner may be paid after obtaining confirmation of the surviving partners and not otherwise.
4. How will you deal with a cheque presented for payment if the amount in words and figures differ?
It has been provided in Sec 18 of NI Act that the amount mentioned in words will be paid if the amount mentioned in figures is different from it.
However, in practice such cheques are returned with the remark ‗amount in words and figures differs, drawer‘s confirmation required‘.
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RATIONALES FOR BAKING PRACTICES AND BANK‟S POLICIES:
02. Rationale 10 X 2 Marks each = 20 Marks
1. Launch of Wealth Management Initiative- SBI Exclusif : To retain as also acquire the premium customer segment by offering a complete range of financial products and services along with investment advisory services, which are technology driven, contemporary & comprehensive.
To leverage our well established infrastructure of Wealth hubs, dedicated branches and e-Wealth Centres (where banking and investment services would be provided over audio, video and web chat channels) using state of the art technologies to mobilise Wealth Management Business. e- Cir., CORPORATE STRATEGY & NEW BUSINESSES. Sl. No. 1270/2015 - 16Cir. No. CS&NB/CS&NB-WM/26/2015 - 16 Thursday, January 14,2016
2. SOVEREIGN GOLD BONDS, 2015-16 Introduced: To substitutes for holding physical gold. Govt. of India and RBI directives. To ensure fixed interest income on idle gold to the investor. To eliminate storage risk and an alternative to hold the gold in physical form
3. CREDIT RISK GUARANTEE FUND TRUST FOR LOW INCOME HOUSING (CRGFTLIH)
To cover the life risk of EWS (Annual income upto Rs. 1,00,000/-) or IG (Annual income between Rs. 1,00,001/- to Rs. 2,00,000/-) categories in Urban Areas. To protect the Insurable Interest of Low Income Group Home Loans Borrower upto Rs. 5.00 lacs in Urban Areas.
4. Offsite Transaction Monitoring System (OTMS) Penalty provision in RFIA for Submission of False / delayed compliance to OTMS alerts: To discourage branches from submitting false / delayed compliance to OTMS alerts. With a view to discourage the branches from submission of false / delayed compliance to OTMS alerts, it has been decided to impose a penalty and award negative marks in RFIA score. e-Circular INSPECTION AND MANAGEMENT AUDIT. Sl. No. : 1133/2015 - 16 Circular No. : IMA/IMA-OTMS/7/2015 - 16 Monday, December 14,2015.
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5. Car Loans Disbursement Through RTGS/NEFT : To control frauds in Car Loan disbursements. To avoid misuse of funds by the borrower. To ensure end use of funds. To avert fraudulent encashment of Car Loan Disbursement. To strengthen the Systems & procedures of post sanction follow-up. e-Circular PBU-AUTO LOANS. Sl. No. : 1120/2015 - 16 Circular No. : NBG/PBU/AL-AUTOLOAN/43/2015 - 16 Wednesday, December 09,2015
6. Green channel counters have been introduced.
The Green Channel counters provide safety and comfort to the customers. It avoids filling up withdrawal forms/cheques, pay in slips. The customer can get cash in denomination of his/ her choice. Cost effective for bank as it reduces the burden of VVR checking/back office operations.
7. Gestation period /Moratorium period is given in respect of term loans.
Term Loans are repaid out of the surplus funds generated / profit of the unit. A certain period is required for the completion of the project/income generation to repay the dues Hence the time lag known as gestation period /moratorium period is given
8. Outstanding entries in System Suspense Account are to be reconciled promptly on day today basis.
Outstanding entries in System Suspense account indicate inefficiency in the system and lack of control over operations Entries in this account reflect that the accounting process is not complete and may put bank into trouble in case of deficiency in services. System Suspense account is very sensitive and may result in fraud. Bank has to make provision for long outstanding entries, which will affect the profitability of the bank.
9. Review /Renewal exercise should be taken up for loan accounts yearly.
This exercise will show whether the limits sanctioned are commensurate with the results achieved by the firm. This will show the extent of utilization of limits, sale proceeds / whether bills have been routed through the account and whether the account has been conducted properly. Adequate facilities commensurate with current level of operations can be extended. Non review / renewal in time will render the account as NPA.
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10. Why Cross Selling?
It is selling additional products/ services to an existing as well as new customers and it fosters brand loyalty. It costs a bank five times less to cross sell an existing client than to acquire a new one. Cross Selling helps bank to plan, implement, and maintain better customer relationship management. Right product at a right time offered to customer. This builds banks image. It helps bank to increase miscellaneous income with the existing infrastructure without additional cost. To face the competition
ALL THE BEST TEAM SBLC - SECUNDERABAD
All possible care has been taken while preparing questions and answers to comply with the latest instructions/circulars. However, readers are advised to refer the latest circulars/instructions in addition to the “MARGADARSHINI-A GUIDE FOR PROMOTION ASPIRANTS” by Team SBLC, Secunderabad.
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