Page 47 - BF Cover February 2019

BANK PROMOTION

BANKING PROMOTIONAL EXAM SAMPLE

QUESTIONS – SERIES 7

1. While disposing of deceased claims succession 4] SARFAESI Act 2002
certificate is to be insisted only when
1] there is no nomination 8. If an advance has remained in doubtful category for
2] the claim amount is more than RS 1 Lakh more than 3 years as of 31.03.2004, the provisioning
3] If all the legal heirs do not join to indemnify the bank requirement as of March, 2008 will be
4] the claim amount is more than Rs 10 lakhs 1] 100 % of the secured outstanding & 100 % of unsecured
2] 75% of outstanding & 75% of secured
2. The Reserve Bank of India issues 3] 100% of the outstanding
1] currency notes & bank notes 4] 60% of the secured outstanding
2] all bank notes except one rupee note
3] all currency except the hundred rupee note 9. Resident foreign currency account (domestic) can be
4] all notes except one rupee, two rupee, five rupee opened in the form of
1] current account 2] time deposit
3. RBI is empowered to step up SLR to 3] savings account 4] all the above
1] 30% 2] 40%
3] 50% 4] 45% 10. In terms of sec 138 of N.I act 1881 ,the payee should
give notice within______days of receipt return of
4. The limitation period for a Decree is cheque for insufficient balance
1] 12 years 2] 3 years 1] 15 days 2] 30days
3] no limit 4] 90 days 3] 1 month 4] 48 hours

5. Every banking company incorporated in India has to 11. Revised FDI limit of Private Banks is
transfer to reserve funds ________of the profits for 1) 26% 2) 74%
each year 3) 100% 4) 51%
1] not less than 20% 2] not less than 25%
3] not less than 1% 4] not less than 10% 12. There are 4 partners in a current a/c with you and
as per the mandate first 3 partners can operate the
6. The limitation period in case of pledge is account singly. The 4th partner gives a stop payment
1] 3 years 2] 12 years instruction to a cheque signed by partner One. You
3] 90 days 4] no limitation will
1) accept it
7. Hypothecation is a mode of security provided in 2) accept it provided the signatory confirms it
1] Indian contract act 187 3) accept it if all partners confirm it
2] transfer of property act 1882 4) not to accept
3] banking regulation act 1949
13. Nomination is available in

BANKING FINANCE | FEBRUARY | 2019 | 47