Page 50 - Banking Finance April 2019

BANK PROMOTION

loan to Mr. Goodwill due to his old age as he behaves 1) 4.5% 2) 3.5%
abnormal at times.. You will: 3) 9% 4) 8%
1) Refuse the loan without the joint discharge of Goodwill
20. Mr A opens RDS on 12-3-2005.The next instalment
and Tang
2) Goodwill will be given loan without the consent/ can be paid
discharge by Tang 1) only on 12-4-2005 2) before 12-04-2005
3) Goodwill will be given loan if he produces the medical 3) after 12-04-2005 4) any day in April
certificate of his sound mind 21. When the principal debtor defaults in fulfilling his
4) None of the above promise and the surety meets his liability to the
creditor, the surety steps into the shoes of the
11. Minimum amount in savings account is fixed by
1) individual banks 2) RBI creditor and acquires all the rights of the creditor
3) Govt. of India 4) IBA against the principal debtor this known as
1] right of set off
12. Account Payee Crossing is defined under 2] right of subrogation
1) NI act 2) contract act 3] right of indemnifier
3) RBI act 4) No act 4] doctrine of indoor management

13. A certificate of deposit matures on 2/10/2008 which 22. An account was classified as standard asset as on 31-
is a holiday under NI act. It will be paid on 03-07 However as on 31-03-2008 you find the value
1) 1/10/2008 2) 3/10/2008 of security is eroded that now the realistic realizable
3) invalid CD was issued value will be less than10% outstanding balance. You
will classify it as on 31-03-08
14. PPF account can be opened by 1] substandard 2] doubtful
1) resident 2) non resident 3] loss asset 4] standard asset
3) HUF4) all three
23. You have sanctioned a loan of Rs 50000/- to a
15. Min & Max amount that can be deposited in a PPF Pensioner by taking a security of worth of RS 4500/-.
account in a financial year is The account has become substandard.
1) 500 & 70000 2) 100 & 100000 The debit balance in the account is Rs 48000/-.The
3) 500 & 100000 4) 100 & 70000 amount of provision will be
1] 4800/- 2] 9600/-
16. Sec 45 Z of BR act deals with 3] 48000/- 4] 4500/-
1) nomination for deposits
2) nomination for safe custody 24. what is the prescribed margin to be maintained by
3) nomination for lockers banks while advancing against their on shares
4) Return of paid cheque to account holder 1] 0% 2] 50%
3] 20%
4] bank can not allow loan against their own shares
17. If a sole trustee dies, account will be managed by
1) none 2) by Govt. of India 25. In the following which is a purchase transaction
3) by state Govt. 4) court appointed trustee a] The bank issues a DD on London for GBP 100
b The customer purchases a TT on New York for USD
18. A is having a FD with your branch and he has taken 500
demand loan against it. Now he wants B's name to c] A Traveller encashes at the bank a TC for GBP 500
be added to the receipt d] The Bank purchases a demand draft on London for
1) it can be added GBP 500
2) it can not be added 1) a 2) b
3) only possible after adjustment of demand loan 3) a & b 4) a & c
4) name can not be added before maturity 5) c & d

19. Interest on SENIOR CITIZEN SAVING'S scheme is Ans on Page 54

50 | 2019 | APRIL | BANKING FINANCE