Page 48 - BF Cover February 2019

BANK PROMOTION

1) Individual A/c 1) USD 500 2) USD 1000 3) USD 2000 4) USD 2500
2) Proprietorship concern
3) HUF 20. In case of a former or survivor (deposit account)
4) Partnership firm nomination will be signed by
5) 1 & 2 1) Former only
2) survivor only
14. Maximum amount of investment permitted under 3) by both
Senior Citizen Scheme 4) nomination is not allowed
1) 15 lakhs 2) 10 lakhs
3) retirement benefits 4) 1 & 3 21. When a NPA can be upgraded?
5) in case of 60 years & above 15 lakhs and 55 & above 1) if the arrears of interest are paid in full
retirement benefits or 15 lakhs whichever is less 2) if the arrears of principal are paid in full
3) if the arrears of principal and interest are paid in full
15. If a fixed deposit matures on 25.12.05 it will be 4) after one year of re-structuring a/c becoming NPA
payable on 22. In terms of prudential norms, income is not
1) 24.12.05 recognized on accrual basis but on actual basis. But
2) 26.12.05 with interest for one day at contracted rate it is applicable to
of FDR 1] advance against NSCs eligible for surrender
3) 26.12.05 2] advance against time deposits
4) 26.12.05 with interest for one day at saving rate 3] advance against life policies
4] Advance against Gold ornaments
16. FDI ceiling in Public Sector Banks is
1) 20% 2) 51% 23. A state govt. guaranteed advance will become NPA
3) 29% 4) 74% as of 31.03.2008 if
1) if interest remains overdue for more than 90 days
17. Life certificate is to be obtained in the month of 2) if principal remains overdue for more than 90 days
1) Nov 2) Dec 3) if interest and/or principal or any other amount due to
3) March 4) Jan Bank remains over due for more than 90 days
4) if guarantee is invoked and repudiated only
18. CSR - pertaining to Non Resident accounts
1) consolidated single return 24. A trading a/c can be considered for restructuring
2) comprehensive single return 1) before commencement of commercial production
3) comprehensive statistical return 2) after commencement of commercial production
4) consolidated statistical return 3) after commencement of commercial production and
before classification as substandard
19. Any resident can keep foreign currency upto 4) not eligible ( Answers on page 54 )

48 | 2019 | FEBRUARY | BANKING FINANCE