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Friends, I am updating the re-collected questions from 12.11.2022 posted by our group members. Let me update this page with the answer as and when I get time. Till then you all can go through the book/internet and update yourselves. Wish you all the very best for your exam.
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Minor defined in - Section 3 in The Indian Majority Act, 1875
Doc of title to goods-Section 30 of The Sale of Goods Act, 1930
RBI app name for digital compliant - Digisaathi
Question on RSETI - 1 institute in every district
Provision for unsecured asset in doubtul assets - 100%
ADR definition - ADR is a U.S. bank-issued certificate representing shares in a foreign company for trade on American stock exchanges.
MPC committee meeting in a year - Meets bi-monthly or six times in a financial year (Minimum 4)
ELSS locking period - 3 years
SHG interest rate for prompt payment next year - 4% (7%-3% subvention)
Relation between bank and customer in locker - lessor and lessee
Hypothecation is defined in - Section 2 of SARFAESI Act
Can a bearer cheque be paid to a minor? - Yes
FEMA is managed by - Reserve Bank of India
Committee regarding NEFT transactions - Nandan nilekani committee
DEAF - Depositor Education and Awareness Fund
Penalty for not maintaining SLR/CRR - 3% annually above the bank rate
A cheque is a ...... and payable on ...... - Negotiable instrument, demand
DAY-NRLM - up to 30% of the total membership of the SHGs may be from among the population marginally above the poverty line
Which cannot participate in call money market? Land Development Banks and Non-bank institutions (other than PDs)
AS 18 defines disclosure criteria for - financial statements of each reporting enterprise as well as the consolidated financial statements of a holding company.
Interest burden for members who took loan under DAY NRLM - 7
Questions on mandate and power of attorney- 2 mark, 1 mmark and 0.5 mark each
Types of LC-match 2 mark
Which is not a component of ATM
Family cycle- young bachelor - Empty nest each 0.5 mark
Core feature of SB account
Retail institutional investors limit
Match the following
Negative lein - implied pledge
Appropriation - fd before maturity
Right to set off - fd after maturity
Assignment - claims
Principals of ethical banking
Profitability, Neutrality, Trust, Transparency, Integrity
Reliability, Profitability, Neutrality, Transparency
Transparency, Neutrality, Integrity, Reliability
Transparency, Neutrality, Integrity, Reliability, Trust (Answer)
Total amount - 15000 cr, ECGC coverage 100% -2500cr, Residual security coverage - 3000cr. Account is D2
what is provision?
3000*40% +9500*100%
= 1200 +9500
= 10700
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