Nr's Model Online Promotion Test For Bank Officers 2011 (Credit Schemes)

91 Questions | By Rajatvk | Updated: Mar 21, 2022 | Attempts: 109

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The test is on the New Products of the Bank. In due course, I will include other questions. Please take Quiz Password by e Mailing to [email protected] Com your full particulars like Name,Age,Place of Work/Study,Designation/Course,Phone/Mobile No and AddressWith Best Wishes,N. RangarajanSenior Manager of A Leading Public Sector Bank @ Trichy

Questions and Answers

1.

What is the name of the scheme which has replaced the Agri Jeep/Bike Schemes?
- A.
  
  Agri Transport
- B.
  
  Agri Vehicle
- C.
  
  Agri Infrastructure Scheme
- D.
  
  The Old Schemes continue without name change
2.

What is the maximum amount of Education Loan granted for studies in India,that can be classified as Priority Sector advances?
- A.
  
  4 lacs
- B.
  
  7 lacs
- C.
  
  10 lacs
- D.
  
  20 lacs
3.

What is the maximum amount of loan granted for foreign studies tha can be classified as Priority Sector Advance?
- A.
  
  5 lacs
- B.
  
  10 lacs
- C.
  
  15 lacs
- D.
  
  20 lacs
4.

What is TREAD scehme?
- A.
  
  Treaty Relating to ENTREPRENEURSHIP ASSISTANCE AND DEVELOPMENT
- B.
  
  TRADE RELATED ENTREPRENEURSHIP ASSISTANCE AND DEVELOPMENT
- C.
  
  Trade Related Enterprise Addition and Deletion
- D.
  
  None of the above
5.

Who are the ultimate beneficiaries of Tread Scheme?
- A.
  
  MSME UNITS
- B.
  
  Joint Liability Group
- C.
  
  Women enterpreneurs or Women SHG
- D.
  
  BPL People
6.

What are the eligibility criteria for IOB-Agri Transport Scheme?
- A.
  
  The farmer owning economically viable land holding or carrying out any other agricultural or allied activities having adequate income to meet the repayment commitments may be considered for loans under the scheme ,Should not be defaulters elsewhere with assessable repayment capacity
- B.
  
  Farmers owning 8 acres of lands (plantations 10 acres) for Four wheelers
- C.
  
  3 Years IT Assessment Orders Required
- D.
  
  Viable Collateral Property should be furnished
7.

For loans more than Rs 50000/- what is the Collateral security inder IOB Agri Transport Scheme?
- A.
  
  Hypothecation of Crop
- B.
  
  Hypothecation of Vehicle
- C.
  
  Hypothecation of Crop and the Vehicle to be purchased out of Bank Finance and Collateral security valued at least 50% of the loan amount in any form ie. land, building, FDR, Life policy, NSC etc
- D.
  
  None of the above
8.

What is the new credit scheme introduced to replace the existing Kisan Green Credit Card Scheme ?
- A.
  
  IOB GREEN CREDIT
- B.
  
  IOB CARBON CREDIT
- C.
  
  IOB FARM CREDIT
- D.
  
  IOB KRISHI CREDIT
9.

What is the eligibility to avail loan under IOB Green Credit?
- A.
  
  Any Rural Folk
- B.
  
  Agri Labourers,Tenant Farmers,Share Croppers,SHG Members in rural areas,Joint Liability Group Members in Rural Area
- C.
  
  Anybody pursuing activities allied to agriculture
- D.
  
  Any farmer owning cultivable land in his own name
10.

Under which type of facility, the Agri Green credit scheme is to be sanctioned?
- A.
  
  Agri Warehouse Finance Scheme
- B.
  
  Kissan Credit Card
- C.
  
  Agri Buisness Consultancy Loan either as TL or Cash Credit or Bill Finance
- D.
  
  Agricultural Term Loans
11.

What should be the end use of Agri Green Credit?
- A.
  
  Production Credit
- B.
  
  Investment Credit
- C.
  
  The amount can be used for cultivation, plantation, land development, purchase of milch animals, purchase of farm machinery like Tractors/ Power tillers, two wheelers, jeeps, trucks, construction of godowns for storage, farm houses, cattle sheds etc.
- D.
  
  All the Above
12.

What is the security norms under IOB Agri Credit Scheme?
- A.
  
  All the Following Options are applicable
- B.
  
  Mortgage of agricultural land having value of at least twice the loan amount
- C.
  
  Hypothecation of crop
- D.
  
  Hypothecation of any asset created out of loan amount
13.

Which type of action cannot be invoked against agricultural land?
- A.
  
  Money/Mortgage Suit
- B.
  
  ABJ
- C.
  
  SARFAESI
- D.
  
  Attachment of Personal Assets
14.

What is the maximum reapyment programme under IOB-Agri Green Credit?
- A.
  
  Seven years in monthly, half yearly or annual installments depending upon the cropping pattern.
- B.
  
  Ten years in monthly, half yearly or annual installments depending upon the cropping pattern.
- C.
  
  Twenty years in monthly, half yearly or annual installments depending upon the cropping pattern.
- D.
  
  Need Not Repay
15.

What is the latest Agri advances scheme introduced exclusively for urban areas?
- A.
  
  IOB Metro Floriculture
- B.
  
  IOB Urban Horticulture
- C.
  
  IOB Urban Agriculture
- D.
  
  IOB URBAN FORESTRY
16.

Tenants staying in privately rented houses can be financed under IOB Urban Horticulture
- A.
  
  True
- B.
  
  False
17.

Owners can be financed even if they are not staying in the house under IOB Urban Horticulture
- A.
  
  True
- B.
  
  False
18.

What is the purpose for which IOB Urban Horticulture can be extended?
- A.
  
  Roof Garden
- B.
  
  Small Orchards
- C.
  
  Flower/Vegetable Garden
- D.
  
  All the above
19.

For raising the garden,what should be the availability of the area in the house?
- A.
  
  Independent house having at least 500 s.ft of open space
- B.
  
  For raising roof garden, 500 sq feet of open unencumbered roof space
- C.
  
  1000 sq feet of Space of which 500 open space and 500 roof space
- D.
  
  A & B above
20.

What is the project cost for unit area of 1000 sq feet under IOB Urban Horticulture?
- A.
  
  Rs 10000
- B.
  
  Rs 13750
- C.
  
  Rs 20000
- D.
  
  Rs 22500
21.

What is maximum loan limit for individual and institutions under IOB Urban Horticulture?
- A.
  
  Rs 1 lacs for Individuals
- B.
  
  Rs 10 lacs for Institutions
- C.
  
  A & B above Correct
- D.
  
  None of the above
22.

What is the new product of financing against pledge of jewels for commercial purposes developed by our Bank?
- A.
  
  IOB Gold Card
- B.
  
  IOB Gold Loan
- C.
  
  IOB Alankar
- D.
  
  Commercial Cash Credit against Jewellery
23.

What is the margin Under Commercial Cash Credit against Jewellery?
- A.
  
  25% on Stock and 50% on Book Debts
- B.
  
  50% on Market Value of Jewels Pledged
- C.
  
  Advance rate for gold jewellery as fixed by the Bank takes care of margin. Hence, no margin
- D.
  
  None of the above
24.

What type of jewellery to be taken for release of Commercial Cash Credit against Jewellery?
- A.
  
  20 ct to 22 ct jewellery could be taken as security
- B.
  
  IOB Gold Coins
- C.
  
  Hallmarked Jewellery
- D.
  
  Precious stones studded KDM Jewellery
25.

What is quantum of Finance under Commercial Cash Credit against Jewellery?
- A.
  
  Minimum Rs 50,000/= and Maximum Rs 10 lacs
- B.
  
  For limits up to Rs.3 lakhs, the quantum of finance will be the advance value advised by the Bank from time to time multiplied by the net weight of the jewels or Rs.3 lakhs whichever is lower.
- C.
  
  For limits exceeding Rs. 3 lakhs, quantum of finance will be the Advance value multiplied by the net weight of the jewels or 20% of the projected turn over whichever is lower, subject to a maximum of Rs. 10 lakh. Total limit should not exceed 20 % of the projected turn over.
- D.
  
  All the above