Page 50 - Banking Finance March 2019

BANK PROMOTION

9. In case of power of attorney, the principal and 17. Negotiable instrument payable on demand should
attorney can be be presented for payment within
1] minor and major 2] major and minor 1) 48 hours 2) 24 hours
3] major and major 4] minor and minor 3) reasonable period 4) 7 days
5] 2 and 3
18. The minimum interest payable in savings account is
10. A person is having a PPF account with you and the 1) .50 paise 2) Re 1
balance in the account is Rs 12,50,000/-. A is having 3) Rs 54) Rs 10
a current account in which balance is Rs 25000/-. A
cheque is issued for Rs 30000/ by A from his current 19. The drawee of a cheque is always
account. You are passing the cheque looking at the 1) bank 2) account holder
3) payee 4) endorsee
balance in PPF account.
1] you are correct since you have a general lien on PPF 20. Who can open a current account ?
balance 1) executors 2) administrators
2] If the party does not pay you can debit PPF account and 3) trusts 4) Liquidator
adjust the balance 5) all the above
3] you can not have a lien on PPF account and you have
passed the cheque at your usual risks of business 21. If an advance has been classified as doubtful as of
4] You have a lien if the party has given a request in writing 31.03.2008 it will attract provision @
1] 60% of the secured & 100 % of unsecured
11. Garnishee order is issued under 2] 75% of the secured & 100 % of unsecured
1) Indian Penal code 2) Civil procedure code 3] 20% of the secured & 100 % of unsecured
3) negotiable instrument act 4) contract act 4] 30% of the secured & 100 % of unsecured
5) Income Tax act 22. If a substandard asset has been identified as
unsecured exposure ab-intio(the security not more
12. In which of the following accounts the interest rate than 10%) it will attract provision
is not deregulated by RBI 1) 10% on net outstanding
1) Fixed deposit 2) savings account 2) 10% on total outstanding
3) Time deposit 4) none of the above 3) 20% on net outstanding
4) 20% on total outstanding
13. Before accepting Foreign contribution favouring
societies, trusts permission must be obtained from 23. In non suit filed NPA accounts ,if any recovery is
1) RBI made, it will be appropriated first to (check with your
2) Ministry of Finance bank)
3) Ministry of Home Affairs 1] URI
4) Ministry of external affairs 2] towards uncharged interest
3] towards principal
14. Details of unclaimed deposit to be furnished to RBI 4] towards interest suspense account
under
24. Sacrifice means
1) Sec 26 BR act 2) Sec 26 RBI act 1) write off of ledger dues 2) write off legal charges
3) Sec 26 NI act 4) sec 26 contract act
3) waiver of interest 4) all above
15. Insurance cover available under KCC in the event of
25. Who can be an Authorised Officer under
permanent disability/ death is Securitisation Act 2002
1) 50000 2) 25000 1) Branch Manager
3) 1 lakh 4) nil
2) Senior Manager
16. A minor not domicile in INDIA will attain majority at 3) Chief Manager
the age of 4) Chief Manager & above
1) 18 years 2) 21 years
3) 12 years 4) 25 years Ans on Page 53

50 | 2019 | MARCH | BANKING FINANCE