N.Rangarajan's Model Online Test For Bank Officers Promotion 2011

51 Questions | Total Attempts: 217

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Bank Quizzes & Trivia

This Quiz is based on the Monthly Credit Information Review of RBI. Please open the link in RBI Website in one separate window and practice by toggling effectively. I have reckoned from the month of Jan 2010 to till date for this test. 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 Public Sector BankBased @ Trichy Tamil Nadu


Questions and Answers
  • 1. 
    What is LTV?
    • A. 

      Loan Term Value

    • B. 

      Loan To Value

    • C. 

      Liability Terminal Value

    • D. 

      None of the above

  • 2. 
    Why LTV Ratio is prescribed by RBI in Housing Loan Exposure of Banks?
    • A. 

      To prevent misuse

    • B. 

      To Verify end use

    • C. 

      To ensure credit discipline

    • D. 

      To prevent excessive leveraging

  • 3. 
    What is the loan to value (LTV) ratio in respect of housing loans hereinafter ?
    • A. 

      1/8 th

    • B. 

      80%

    • C. 

      3/4 th

    • D. 

      75%

  • 4. 
    Upto What amount of loan under Housing Category, Banks can classify as Priority Sector?
    • A. 

      10 Lacs

    • B. 

      15 lacs

    • C. 

      17.5 lacs

    • D. 

      20 lacs

  • 5. 
    What is the LTV for Small Value Housing Loans upto Rs 20 lacs?
    • A. 

      10%

    • B. 

      20%

    • C. 

      90%

    • D. 

      None of the above

  • 6. 
    He risk weight on residential housing loans of Rs. ____ lakh and above, irrespective of the LTV ratio, would be ___ per cent to prevent excessive speculation in the high value housing segment.
  • 7. 
    What is teaser rate?
    • A. 

      It is the rate per hour for eve teasing charged by professional lovers

    • B. 

      It is stealthy rate offered in shops tempting the buyer to get inside the shop for purchase

    • C. 

      It is misleading Rate

    • D. 

      It is concept of Rate of Interest in Housing Loan wherein initially lower rate is offered and subsequently hiked to the normal rate prevailing in the market

  • 8. 
    In view of the higher risk associated with housing loans sanctioned by banks at teaser rates, the standard asset provisioning on the outstanding amount has been increased from 0.40 per cent to 2.00 per cent.
    • A. 

      True

    • B. 

      False

  • 9. 
    The provisioning on these assets would not revert to 0.40 per cent after 1 year from the date on which the rates are reset at higher rates if the accounts remain ‘standard’.
    • A. 

      True

    • B. 

      False

  • 10. 
    The Statutory Liquidity Ratio (SLR) for scheduled commercial banks (SCBs) has been reduced from 25 per cent of their__________________________ to 24 per cent from December 18, 2010.
    • A. 

      Net Demand and Time Liabilities (NDTL)

    • B. 

      Gross Demand and Time Liabilities (NDTL)

    • C. 

      Other Demand and Time Liabilities (NDTL)

    • D. 

      On the Gross Liabilities less Sundries

  • 11. 
    What is the service charge for above Rs 1 lac instruments under Outstation Cheques for collection prescribed by RBI?
    • A. 

      Rs 150 + Postages @ reasonable levels

    • B. 

      Rs 100 All inclusive maximum amount chargeable by banks to the customers

    • C. 

      Left to the Discretion of Banks

    • D. 

      As per Service Charges Booklet of IOB

  • 12. 
     The service charge structure put in place by them should have their _________ approval.
  • 13. 
    What is the present Bank Rate?
    • A. 

      6%

    • B. 

      9.50%

    • C. 

      13.75%

    • D. 

      18%

  • 14. 
    What is maximum validity period and amount per one Prepaid Gift instrument recently approved by RBI,that can be issued by commercial Banks?
    • A. 

      1000

    • B. 

      10000

    • C. 

      100000

    • D. 

      50000

  • 15. 
    Cash withdrawals can be permitted in Prepaid Gift Istruments.
    • A. 

      True

    • B. 

      False

  • 16. 
     What does the abbreviation "OPGSP" stand for?
    • A. 

      Online Payment Gateway Service Providers

    • B. 

      Online Penalty Gateway System Providers

    • C. 

      Outright Priority Giveaway Scheme Panel

    • D. 

      Online Payment Grading Scheme Pathway

  • 17. 
    Repatriation of export related remittances through payment gateways now permitted opto
    • A. 

      USD 500

    • B. 

      USD 5000

    • C. 

      USD 50000

    • D. 

      Not of the above

  • 18. 
    Who can be engaged as Business Correspondent by Banks?
    • A. 

      Retired bank employees/teachers/government employees and ex-servicemen, individual owners of kirana/medical/ fair price shops, individual public call office (PCO) operators, agents of small savings schemes of Government of India/insurance companies, individuals who own petrol pumps, authorised functionaries of well run self help groups (SHGs) which are linked to banks, any other individual including those operating common service centres

    • B. 

      NGOs/micro finance institutions (MFIs) set up under Societies/Trust Acts and Section 25 companies

    • C. 

      Cooperative societies registered under Mutually Aided Cooperative Societies Acts/Cooperative Societies Acts of States/Multi State Cooperative Societies Act

    • D. 

      Post offices

    • E. 

      Companies registered under the Indian Companies Act, 1956 with large and widespread retail outlets

    • F. 

      Allthe above

  • 19. 
    NBFCs Cannot be engaged as Business Correspondents
    • A. 

      True

    • B. 

      False

  • 20. 
    What is the distance criteria between Base Branch and the location of Business Correspondent?
    • A. 

      30 kms in rural, semi-urban and urban areas

    • B. 

      5 kms in metropolitan centres

    • C. 

      All the above

    • D. 

      None of the above

  • 21. 
    Who can relax the distance criteria between the Base Branch and the location of Business Correspondent?
    • A. 

      The district consultative committee (DCC)/state level bankers committee (SLBC) could consider and approve relaxation in distance criterion on merits in respect of underbanked areas

    • B. 

      The District Collector

    • C. 

      The Local Body Chairman

    • D. 

      CMD with the approval of Board of the respective Commercial Bank

  • 22. 
    While the beneficiary’s name should be compulsorily mentioned in the instruction request, and carried as part of the funds transfer message, reliance will be only on the account number for the purpose of affording credit under NEFT/RTGS/ECS/NECS
    • A. 

      True

    • B. 

      False

  • 23. 
    What is the amount of sacrifice to be brought upfront by the customers in case of restructuring of advances?
    • A. 

      25% of 15%

    • B. 

      50% of 15%

    • C. 

      100% of 15%

    • D. 

      None of the above

  • 24. 
    What is the time limit within which the promoter's contribution towards sacrifice should be brought in, in respect of prudential restructuring of advances?
    • A. 

      1 year

    • B. 

      1 month

    • C. 

      1 quarter

    • D. 

      2 months

  • 25. 
    What is the spin-off effect if the customer could not bring in his share of sacrifice upfront within the extended period of one year, in respect of prudential restructuring of advances?
    • A. 

      The asset classification benefit will not accrue to the respective Banks.

    • B. 

      Banks will have to revert to classifying such accounts as per the asset classification norms specified in the Reserve Bank’s Master Circular on ‘Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances’ of July 1, 2010.

    • C. 

      A & B above

    • D. 

      None of the above

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