03. Fair Practice Code for lenders is a set of codes which banks are required to follow while dealing with borrowers. This code has been on the insistence of Indian industry after notification of which of the following
01. As per fair Practice Code for lenders, bankers should be constructive with a view to taking care of any lender-related genuine difficulty that borrower may face, for loans up to Rs.____
10. As per fair Practice Code for lenders, if a bank receives request from borrower for transfer of his loan account to another bank, the bank is to convey its consent objection within ______ from date of receipt of request
04. The Banking Codes and Standards Board of India was constituted on the recommendations of a Committee under Chairmanship of Sh_____
07. A bank has acquired an immovable property but it has not been able to dispose it of within 7 years. What remedy is available to the bank
05. Regional rural banks re licenced for banking business under
09. To take care of temporary liquidity problems of central and state govt., what kind of loan is given by RBI
06. Section 7(1) of RBI Act concerns with which of the following aspects
02. If an Indian bank has place of business in one state only and has office in Mumbai or Kolkata, what is true regard to the amount of minimum capital
08. What is the amount of ceiling on payment of brokerage or commission or discount, or remuneration on sale of shares by a banking company
04. What %age of directors in a bank should have specialized knowledge
03. When a chairman of managing director is removed from his post, he ceases to be a director and cannot be appointed as director during the next ______years
63. What is the requirement u/s 25 of b R Act, to be fulfilled by the banks in India
10. Which of the following is not a correct statement ?
07. Where a bank is prohibited to accept the deposit despite prohibition for not accepting the depositing the deposits, what is the punishment
02. A banking company fails to produce books, accounts and documents which it is bound to furnish under the provisions of RBI Act, what is the penalty as per Banking Law Amendment Act 2012
09. A cheque of Rs.10000 issued by Ram Chander, one of your account holders, in favour of Shivaji is stolen by one Radhey Shyam who forges Shivaji’s signatures and endorses it in favour of Ganeshi lal, who obtain the payment from the bank. In this situation what would be bank’s position
05. Your customer issues a cheque for Rs.10000 in discharge of his liability towards Mr. Shayam Prasad or order, who endorses the same in favour of Mr. Sita Ram In blank. This cheque
01. A saving bank customer of Modern Bank issues a chaque of Rs.1500 in favour of M/s swastic Enterprises or order. The cheque is paid by the bank on presentation through clearing with endorsement from the payee as ‘Svastika Enterprises’. The endorsement is also confirmed by the collecting bank. The drawer claims that the payment has not been made in due course and claims refund of the amount
06. A is holder of a cheque who endorses sans recourse to B and B to c and C to D who endorses it to E. cheque is dishonored
71. What is true with regard the liability of a director of a company , in case of dishonor of cheque, issued by a company
72. A customer of your branch Sham, deposits a cheque, which he steals from another person named Sham. Your branch collects this cheque (on which te customer is having a defective title) without being aware about the defect
73. If the holder of a cheque removes the crossing in such a way so that the same is not easily detectable (with naked eye) and get the payment after presenting it at counter of the drawee bank will get protection u/s … of NI Act
74. What is the amount of bank draft that can be issued by banks in cash under KYC directives of RBI
75. What is the time period during which the record of transactions is to be kept by banks under KYC directives
76. Popular Bank sanctioned a loan in the name of B, which he had not been repaying. The bank has come to know that B is having an FDR account with national Bank in the same city. At the time of maturity of the term deposit , letter is received by national Bank from Popular Bank to remit money to credit in the loan account
77. Mr. X is maintaining few accounts with Popular bank with its Trichur branch. The bank branch receives an attachment order. Which of the following accounts, will be attached by the order
78. The net asset value of a mutual fund investment is calculated as under
79. A cheque drawn by a customer is presented for payment after a Garnishee order has been served on the account, the cheque will be returned with the reason
80. A bank authorized by the issuing company to issue GDR against issue of foreign currency convertible bonds or ordinary shares for the issuing company, is called
81. Universal Bank has granted cash credit limit of rs.10 lac to M/s Kala traders, a partnership firm. The account is showing a debit balance of rs.9.50 lac when the notice is received about the insolvency of one of the partners, which among the following steps should be initiated by the bank to safeguard its interest?
82. A partnership firm of XY&Z has been adjudged insolvent and its loan account is showing a debit balance of Rs.3 lac. Its partner Y is having a saving bank account in which there is balance of Rs.1.50 lac
83. The provisions in respect of removal on ceiling on borrowing powers of the Board of a public limited company or subsidiary of a public limited company, are given in Section … of the Companies Act 2013
84. A cheque issued by a director of a Limited Company is presented for payment after death of the director which the bank pays, But the company raises the claim on the plea that bank cannot pay such cheque after death of the director
85. In case of deferred payment guarantee. Normally _____ advance payment is made by the buyer of machinery to the supplier of the machinery, which is treated as margin by the bank
86. Current assets of a company are Rs.800 lac and other current liabilities Rs.80 lac.. if the amount of net working capital is Rs.170 lac what will be amount of excess borrowing, as per 2nd method of lending
87. Your branch has sanctioned cash limit of Rs.12 lac to M/s United Pharmacy. As at the close of July 31, it has been carrying stocks worth Rs.9 lac, sundry creditors of Rs.3 lac and book debts of Rs.6 lac. Bank has prescribed a margin of 25% on stocks and 30% on book debts, what is the maximum amount that can be withdrawn in the cash credit limit?
88. The no. of which component of Central Board of Directors of RBI, does not match
89. In the balance sheet of a bank, the off-balance sheet items are shown as
90. To make the cost of credit costlier, which of the following is done by RBI
91. Foreign banks are to deposit in SEDF with SIDBI, the shortfall in respect of
92. The issue of and servicing of govt. debt, is management by
93. Which of the following statement is correct in the context of red herring prospectus
94. What is the maximum extent up to which a single investor can hold shares in an Indian stock exchange
95. ______ is a tax levied on all transactions code on the stock exchange at rates prescribed by Central Govt. from time to time
96. Who approves the appointment of the Chief Executive officer (CEO) of a private bank
97. Which of the following organizations maintain the shares of companies in dematerialization format
98. Which of the following Act, is meant to regulate the Indian Banking System
99. A _______ is a type of transferable financial instrument which is traded at local stock exchange of a country but represents a security (usually, in the form of equity) which is issued by a foreign publicly listed company
100. The Urban Cooperative Banks are regulated by
