N.Rangarajan's Model Online Test For Bank Officers Promotion 2011
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What is teaser rate?
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It is the rate per hour for eve teasing charged by professional lovers
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It is stealthy rate offered in shops tempting the buyer to get inside the shop for purchase
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It is misleading Rate
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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
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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 rajatvk@indiatimesmail. Com your full particulars like Name,Age,Place of Work/Study,Designation/Course,Phone/Mobile No and Address
With Best Wishes!
N. Rangarajan
Senior Manager
Of A Public Sector Bank
Based @ Trichy Tamil Nadu
Quiz Preview
- 2.
The Government of India will also provide additional interest subvention of 2 per cent per annum to PSBs in respect of those farmers who repay their short-term production credit within one year of disbursement/drawal of such loans. This subvention will be available to such farmers on the short-term production credit up to a maximum amount of Rs.3 lakh availed of by them during the year, from the date of disbursement/ drawal of the crop loan up to the actual date of repayment by farmers or up to the due date fixed by the bank for repayment of crop loan, whichever is earlier, subject to a maximum period of one year from the date of disbursement.
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True
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False
Correct Answer
A. TrueExplanation
The statement is true because the Government of India has announced that it will provide an additional interest subvention of 2% per annum to Public Sector Banks (PSBs) for farmers who repay their short-term production credit within one year of receiving the loan. This subvention will be available for short-term production credit up to a maximum amount of Rs.3 lakh availed by farmers during the year, from the date of disbursement/drawal of the crop loan up to the actual date of repayment or up to the due date fixed by the bank for repayment, whichever is earlier. This measure is aimed at incentivizing farmers to repay their loans promptly.Rate this question:
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- 3.
Banking Codes and Standards Board of India (BCSBI) has included pension as payment services for application of ‘Code of Commitment by Banks to Customers’.
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True
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False
Correct Answer
A. TrueExplanation
The Banking Codes and Standards Board of India (BCSBI) has expanded the scope of its 'Code of Commitment by Banks to Customers' to include pension as a payment service. This means that banks in India are now committed to providing efficient and reliable pension payment services to their customers, ensuring transparency and customer satisfaction.Rate this question:
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- 4.
What does the abbreviation "OPGSP" stand for?
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Online Payment Gateway Service Providers
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Online Penalty Gateway System Providers
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Outright Priority Giveaway Scheme Panel
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Online Payment Grading Scheme Pathway
Correct Answer
A. Online Payment Gateway Service ProvidersExplanation
The abbreviation "OPGSP" stands for Online Payment Gateway Service Providers. This refers to companies or organizations that offer services to facilitate online payments between customers and merchants. These service providers typically offer secure and reliable platforms for processing transactions, ensuring the confidentiality and integrity of sensitive financial information.Rate this question:
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- 5.
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.
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Net Demand and Time Liabilities (NDTL)
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Gross Demand and Time Liabilities (NDTL)
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Other Demand and Time Liabilities (NDTL)
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On the Gross Liabilities less Sundries
Correct Answer
A. Net Demand and Time Liabilities (NDTL)Explanation
The correct answer is Net Demand and Time Liabilities (NDTL). The Statutory Liquidity Ratio (SLR) refers to the percentage of a bank's NDTL that it is required to maintain in the form of liquid assets like cash, gold, or government securities. In this case, the SLR for scheduled commercial banks has been reduced from 25% to 24% from December 18, 2010. This means that banks are now required to maintain a lower proportion of their NDTL as liquid assets, allowing them to have more flexibility in utilizing their funds for lending and other activities.Rate this question:
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- 6.
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
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True
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False
Correct Answer
A. TrueExplanation
The explanation for the given correct answer is that while the beneficiary's name is required to be mentioned in the instruction request and carried as part of the funds transfer message, the credit under NEFT/RTGS/ECS/NECS will be given based on the account number. This means that even if the beneficiary's name is mentioned incorrectly or not mentioned at all, as long as the account number is correct, the funds will be credited to the intended beneficiary. Therefore, the statement is true.Rate this question:
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- 7.
Under NECS/ECS/NEFT credit,The destination bank would be liable to pay penal interest at the current LAF repo rate plus two per cent from the due date of credit till the date of actual credit for any delayed credit to the beneficiarie's account. The penal interest should be credited to the beneficiary’s account even if no claim is lodged.
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True
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False
Correct Answer
A. TrueExplanation
Under NECS/ECS/NEFT credit, if there is a delay in crediting the beneficiary's account, the destination bank is liable to pay penal interest. The penal interest is calculated at the current LAF repo rate plus two per cent, and it is applicable from the due date of credit till the actual date of credit. Even if no claim is lodged, the penal interest should still be credited to the beneficiary's account. Therefore, the statement is true.Rate this question:
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- 8.
Upto What amount of loan under Housing Category, Banks can classify as Priority Sector?
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10 Lacs
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15 lacs
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17.5 lacs
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20 lacs
Correct Answer
A. 20 lacsExplanation
Banks can classify a loan under the Housing Category as a Priority Sector loan up to an amount of 20 lacs. This means that if a loan falls under the Housing Category and its amount is 20 lacs or below, it will be considered as a Priority Sector loan by the banks.Rate this question:
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- 9.
What is LTV?
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Loan Term Value
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Loan To Value
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Liability Terminal Value
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None of the above
Correct Answer
A. Loan To ValueExplanation
LTV stands for Loan To Value. This term refers to the ratio between the loan amount and the appraised value of the asset being financed. It is commonly used in the lending industry to assess the risk associated with a loan. A higher LTV indicates a higher loan amount in relation to the value of the asset, which can be considered riskier for the lender. Therefore, Loan To Value is the correct answer as it accurately defines the meaning of LTV in the context of loans.Rate this question:
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- 10.
What is the penal interest for clearing related overdraft of Banks that should be charged by clearing house managing Banks?
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For intra-day overdraft (the day when the overdraft is extended, irrespective of the time period for which the overdraft facility is enjoyed), interest shall be charged at relevant LAF repo rate + 100 basis points.
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If the overdraft extends to the following day (overnight and beyond), interest shall be charged at relevant LAF repo rate + 300 basis points.
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In instances where settlement accounts of member banks (with the settlement bank at the concerned clearing location) are not credited in time and the settlement bank has levied overdraft charges, though funds have already been remitted and credited to the settlement bank’s account at Mumbai (or any other central location - through RTGS or otherwise), the overdraft charges shall be refunded, on member banks proving that the funds were received in time by the settlement bank.
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All the above
Correct Answer
A. All the aboveExplanation
The correct answer is "All the above" because the explanation provided includes all the different scenarios for calculating the penal interest for clearing related overdrafts. It states that for intra-day overdrafts, the interest will be charged at the relevant LAF repo rate + 100 basis points. For overdrafts that extend to the following day, the interest will be charged at the relevant LAF repo rate + 300 basis points. Additionally, it mentions that overdraft charges will be refunded if funds were received in time by the settlement bank. Therefore, all of the above statements are correct explanations for the penal interest charged by clearing house managing banks.Rate this question:
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- 11.
How the intermediate/final target date to provide banking services through a banking outlet in every village having a population of over 2000 can be achieved?
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By Opening New Branches
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Such banking services may not necessarily be extended through a brick and mortar branch but can be provided through any of the various forms of ICT- based models, including through business correspondents.
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IBA is entrusted with the responsibilty of devising the modalities and advising Banks in this regard.
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None of the above
Correct Answer
A. Such banking services may not necessarily be extended through a brick and mortar branch but can be provided through any of the various forms of ICT- based models, including through business correspondents.Explanation
The intermediate/final target date to provide banking services through a banking outlet in every village having a population of over 2000 can be achieved by not necessarily extending these services through a brick and mortar branch, but through various forms of ICT-based models, including business correspondents. The Indian Banks' Association (IBA) is responsible for devising the modalities and advising banks in this regard.Rate this question:
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- 12.
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?
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The asset classification benefit will not accrue to the respective Banks.
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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.
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A & B above
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None of the above
Correct Answer
A. A & B aboveExplanation
If the customer is unable to bring in his share of sacrifice upfront within the extended period of one year, the banks will not receive the asset classification benefit. This means that the banks will have to classify these accounts according to 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. Therefore, both options A and B are correct.Rate this question:
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- 13.
Borrowers can choose fixed or floating rate of interest under interest subvention on Individual Housing Loans.
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True
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False
Correct Answer
A. TrueExplanation
Borrowers have the option to select either a fixed or floating rate of interest when availing interest subvention on Individual Housing Loans. This means that they can choose to have a fixed interest rate throughout the loan tenure or opt for a floating rate that may fluctuate based on market conditions.Rate this question:
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- 14.
Who can relax the distance criteria between the Base Branch and the location of Business Correspondent?
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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
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The District Collector
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The Local Body Chairman
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CMD with the approval of Board of the respective Commercial Bank
Correct Answer
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 areasExplanation
The district consultative committee (DCC)/state level bankers committee (SLBC) has the authority to relax the distance criteria between the Base Branch and the location of Business Correspondent. They can consider and approve such relaxation based on the merits of the underbanked areas. This means that if an area is not well-served by banks and lacks access to financial services, the DCC/SLBC can make an exception to the distance requirement to ensure that the area gets adequate banking services.Rate this question:
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- 15.
NBFCs Cannot be engaged as Business Correspondents
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True
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False
Correct Answer
A. TrueExplanation
Non-Banking Financial Companies (NBFCs) are financial institutions that provide banking services like loans, credit facilities, and investment services, but they do not hold a banking license. Business Correspondents, on the other hand, are individuals or entities engaged by banks to provide banking services in remote areas where the bank does not have a physical presence. As per the Reserve Bank of India (RBI) guidelines, NBFCs are not eligible to be engaged as Business Correspondents, making the statement "NBFCs cannot be engaged as Business Correspondents" true.Rate this question:
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- 16.
What is the distance criteria between Base Branch and the location of Business Correspondent?
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30 kms in rural, semi-urban and urban areas
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5 kms in metropolitan centres
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All the above
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None of the above
Correct Answer
A. All the aboveExplanation
The distance criteria between the Base Branch and the location of the Business Correspondent is 30 kms in rural, semi-urban, and urban areas. Additionally, the distance criteria is 5 kms in metropolitan centers. Therefore, the correct answer is "All the above" as both distances are applicable depending on the type of area.Rate this question:
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- 17.
How the allocation of 60 per cent of the MSE advances to the micro enterprises is to be achieved ?
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50 per cent in 2010-11,
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55 per cent in 2011-12
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60 per cent in 2012-13
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All the above
Correct Answer
A. All the aboveExplanation
The correct answer is "All the above". This means that the allocation of 60% of the MSE advances to micro enterprises is achieved through all of the mentioned percentages. In 2010-11, 50% of the advances were allocated, in 2011-12, 55% were allocated, and in 2012-13, 60% were allocated. Therefore, the allocation is achieved through a gradual increase over the years.Rate this question:
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- 18.
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.
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True
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False
Correct Answer
A. TrueExplanation
The statement is true because it states that the standard asset provisioning on the outstanding amount for housing loans sanctioned by banks at teaser rates has been increased from 0.40 per cent to 2.00 per cent. This means that banks now have to set aside a higher percentage of the outstanding amount as a provision for potential losses on these loans. This increase in provisioning indicates that there is a higher risk associated with housing loans sanctioned at teaser rates, which is why the provision has been raised.Rate this question:
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- 19.
Under What methods other than cash, the promoters contribution of sacrifice can be brought in in respect of prudential restructuring of advances?
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De-rating of equity
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Conversion of unsecured loan brought by the promoter into equity
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Interest free loans
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All the above
Correct Answer
A. All the aboveExplanation
The correct answer is "All the above". This means that all of the methods mentioned - de-rating of equity, conversion of unsecured loan brought by the promoter into equity, and interest-free loans - can be used to bring in the promoters' contribution of sacrifice in respect of prudential restructuring of advances. These methods allow the promoters to contribute their own resources and show their commitment to the restructuring process, without relying solely on cash.Rate this question:
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- 20.
How interest subvention on Individual Housing Loans is administered?
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Defined as reduction in interest rate by 100 basis points per annum fromthe existing rate of interest for a particular amount and tenor.
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It will be applicable to the first twelve installments of all suchloans sanctioned and disbursed during the currency of theScheme and would be computed for 12 months on thedisbursed amount.
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The subsidy amount will be adjustedupfront in the principal outstanding, irrespective of whether theloan is on fixed or floating rate basis.
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All the above
Correct Answer
A. All the aboveExplanation
The explanation for the given correct answer is that interest subvention on Individual Housing Loans is administered by reducing the interest rate by 100 basis points per annum from the existing rate of interest for a particular amount and tenor. This reduction is applicable to the first twelve installments of all such loans sanctioned and disbursed during the currency of the Scheme. The subsidy amount is adjusted upfront in the principal outstanding, regardless of whether the loan is on a fixed or floating rate basis. Therefore, all the statements mentioned in the question are correct.Rate this question:
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- 21.
Who can be engaged as Business Correspondent by Banks?
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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
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NGOs/micro finance institutions (MFIs) set up under Societies/Trust Acts and Section 25 companies
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Cooperative societies registered under Mutually Aided Cooperative Societies Acts/Cooperative Societies Acts of States/Multi State Cooperative Societies Act
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Post offices
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Companies registered under the Indian Companies Act, 1956 with large and widespread retail outlets
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Allthe above
Correct Answer
A. Allthe aboveExplanation
The correct answer is "All the above". This means that all of the mentioned entities can be engaged as Business Correspondents by banks. This includes retired bank employees, teachers, government employees, ex-servicemen, individual owners of various types of shops, agents of government schemes and insurance companies, petrol pump owners, authorized functionaries of self-help groups, NGOs and microfinance institutions, cooperative societies, post offices, and companies with large retail outlets.Rate this question:
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- 22.
Why LTV Ratio is prescribed by RBI in Housing Loan Exposure of Banks?
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To prevent misuse
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To Verify end use
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To ensure credit discipline
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To prevent excessive leveraging
Correct Answer
A. To prevent excessive leveragingExplanation
The LTV (Loan-to-Value) ratio is prescribed by the RBI (Reserve Bank of India) in housing loan exposure of banks to prevent excessive leveraging. This means that the RBI wants to ensure that borrowers do not take on too much debt in relation to the value of the property they are purchasing. By setting a limit on the LTV ratio, the RBI aims to reduce the risk of default and protect the stability of the banking sector. This measure helps to prevent borrowers from becoming overburdened with debt and promotes responsible lending practices.Rate this question:
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- 23.
Cash withdrawals can be permitted in Prepaid Gift Istruments.
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True
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False
Correct Answer
A. FalseExplanation
Cash withdrawals cannot be permitted in Prepaid Gift Instruments. Prepaid Gift Instruments are typically non-reloadable cards or electronic wallets that are pre-loaded with a specific amount of money and are intended to be used for making purchases. They are not designed to allow cash withdrawals, as their purpose is to provide a convenient and secure way to make payments at merchants or online.Rate this question:
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- 24.
Normally Account Payee Cheques cannot be collected for Third Party Account.Reserve Bank of India has recently introduced collection of "A/C Payee Cheques" to a third party account in respect of a specific type of Customer with a ceiling amount.Who is the customer and what is the amximum amount?
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All Types of Customers and No Ceiling
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For co operative Credit Societies when they collect for their customers upto a ceiling of Rs 50000/=
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NGOs,MFIs upto Rs 100000/=
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None of the above
Correct Answer
A. For co operative Credit Societies when they collect for their customers upto a ceiling of Rs 50000/=Explanation
The customer referred to in the question is co-operative credit societies. The maximum amount that they can collect for their customers is Rs 50000. This means that co-operative credit societies can collect "A/C Payee Cheques" for their customers up to a limit of Rs 50000, even though normally account payee cheques cannot be collected for a third-party account.Rate this question:
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- 25.
What is the LTV for Small Value Housing Loans upto Rs 20 lacs?
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10%
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20%
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90%
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None of the above
Correct Answer
A. 90%Explanation
The LTV (Loan-to-Value) for Small Value Housing Loans up to Rs 20 lacs is 90%. This means that borrowers can obtain a loan amount of up to 90% of the value of the property they wish to purchase. The higher the LTV, the less down payment the borrower needs to make. In this case, borrowers can secure a loan for 90% of the property's value, making it easier for individuals with limited funds to purchase affordable housing.Rate this question:
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- 26.
What is the rate of interest to be charged by Banks on Short Term Production Credit upto Rs 3 lacs under Agriculture to claim interest subvention of 1.5%?
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5%
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7%
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9%
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Base Rate
Correct Answer
A. 7%Explanation
The rate of interest to be charged by Banks on Short Term Production Credit upto Rs 3 lacs under Agriculture to claim interest subvention of 1.5% is 7%. This means that if a farmer takes a loan for agricultural production up to Rs 3 lacs, the bank will charge an interest rate of 7% and the government will provide a subsidy of 1.5% on the interest charged, effectively reducing the interest rate to 5.5%. This is aimed at promoting agricultural activities and providing financial support to farmers.Rate this question:
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- 27.
What is the present Bank Rate?
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6%
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9.50%
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13.75%
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18%
Correct Answer
A. 6%Explanation
The present Bank Rate is 6%.Rate this question:
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- 28.
What is the loan to value (LTV) ratio in respect of housing loans hereinafter ?
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1/8 th
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80%
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3/4 th
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75%
Correct Answer
A. 80%Explanation
The correct answer is 80%. The loan to value (LTV) ratio is a measure used by lenders to assess the risk of a loan. It is calculated by dividing the loan amount by the appraised value of the property. In this case, the LTV ratio is 80%, meaning that the loan amount is 80% of the appraised value of the property. This indicates that the borrower is financing 80% of the property's value through the loan.Rate this question:
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- 29.
What is the period of operation of Interest Subvention on Individual Housing Loans?
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October 1, 2009 upto 30.09.2011
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April 1 2010 to 30.09.2011
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Jan 1, 2010 to 31.03.2011
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October 1,2009 to March 31, 2011
Correct Answer
A. October 1,2009 to March 31, 2011Explanation
The correct answer is October 1, 2009 to March 31, 2011. This period represents the duration of the Interest Subvention on Individual Housing Loans.Rate this question:
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- 30.
What is the latest Margin Free Ceiling for Agricultural Loans?
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25000
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50000
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100000
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300000
Correct Answer
A. 100000Explanation
The latest Margin Free Ceiling for Agricultural Loans is 100000. This means that farmers can avail loans up to 100000 without having to provide any collateral or margin money. This initiative aims to provide financial support to farmers and promote agricultural activities by reducing the burden of collateral requirements.Rate this question:
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- 31.
What is the the cost of construction/price of the new house/extension to be eligible for Interest Subvention on Individual Housing Loans?
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10 lacs
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20 lacs
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5 lacs
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15 lacs
Correct Answer
A. 20 lacsExplanation
The cost of construction/price of the new house/extension needs to be 20 lacs in order to be eligible for Interest Subvention on Individual Housing Loans.Rate this question:
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- 32.
What is the penalty imposed buy RBI for the forged notes detected in soiled note remittances or in chest balances of the currency chest of any bank?
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An amount equal to the notional ‘value’ of the counterfeit note in addition to the loss
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Double the value of the Note
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6 months Simple Imprisonment
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None of the above
Correct Answer
A. An amount equal to the notional ‘value’ of the counterfeit note in addition to the lossExplanation
The penalty imposed by RBI for the forged notes detected in soiled note remittances or in chest balances of the currency chest of any bank is an amount equal to the notional 'value' of the counterfeit note in addition to the loss. This means that the individual or entity responsible for the forged notes will have to pay an amount equal to the face value of the counterfeit note, as well as any additional losses incurred by the bank or RBI.Rate this question:
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- 33.
What is maximum validity period and amount per one Prepaid Gift instrument recently approved by RBI,that can be issued by commercial Banks?
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1000
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10000
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100000
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50000
Correct Answer
A. 50000Explanation
The maximum validity period and amount per one Prepaid Gift instrument recently approved by RBI, that can be issued by commercial banks is 50000. This means that commercial banks can issue prepaid gift instruments with a maximum validity period and amount of 50000 as per the recent approval by RBI.Rate this question:
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- 34.
What is the time limit within which the promoter's contribution towards sacrifice should be brought in, in respect of prudential restructuring of advances?
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1 year
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1 month
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1 quarter
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2 months
Correct Answer
A. 1 yearExplanation
The promoter's contribution towards sacrifice should be brought in within a time limit of 1 year in respect of prudential restructuring of advances. This means that the promoter must provide their contribution towards the restructuring plan within one year of the plan being implemented.Rate this question:
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- 35.
What is the service charge for above Rs 1 lac instruments under Outstation Cheques for collection prescribed by RBI?
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Rs 150 + Postages @ reasonable levels
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Rs 100 All inclusive maximum amount chargeable by banks to the customers
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Left to the Discretion of Banks
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As per Service Charges Booklet of IOB
Correct Answer
A. Left to the Discretion of Banks -
- 36.
What is the annual growth in number of micro enterprise accounts?
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10%
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20%
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30%
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40%
Correct Answer
A. 10%Explanation
The annual growth in the number of micro enterprise accounts is 10%. This means that each year, the number of micro enterprise accounts increases by 10% compared to the previous year. For example, if there were 100 micro enterprise accounts last year, this year there would be 110 accounts (100 + 10% of 100). This growth rate indicates a steady but not rapid increase in the number of micro enterprise accounts over time.Rate this question:
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- 37.
The additional interest subvention of 2% will be available to promptly rapaying farmers provided the Banks Charge interest on Short Term Production Credit (Crop Loans) @ ______
Correct Answer
5%Explanation
The additional interest subvention of 2% will be available to promptly repaying farmers provided the banks charge interest on short-term production credit (crop loans) at a rate of 5%. This means that farmers who repay their loans on time will receive a 2% reduction in the interest charged by the banks, resulting in an effective interest rate of 3%. This incentive aims to encourage farmers to repay their loans promptly and support their agricultural activities.Rate this question:
- 38.
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’.
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True
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False
Correct Answer
A. FalseExplanation
The statement suggests that the provisioning on the assets will not revert to 0.40% after 1 year if the accounts remain 'standard'. The correct answer is False because if the accounts remain 'standard', it means that they are in good standing and do not pose a risk of default. In such cases, the provisioning requirement would typically decrease rather than revert to a higher rate.Rate this question:
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- 39.
What is the intermediate/final target date to provide banking services through a banking outlet in every village having a population of over 2000?
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31.03.2010/31.03.2011
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31.03.2011/31.03.2012
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31.03.2012/31.03.2013
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None of the above
Correct Answer
A. 31.03.2011/31.03.2012Explanation
The correct answer is 31.03.2011/31.03.2012. This means that the intermediate/final target date to provide banking services through a banking outlet in every village with a population of over 2000 is between March 31, 2011, and March 31, 2012.Rate this question:
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- 40.
What is the maximum loan amout upto which Interest Subvention on Individual Housing Loans is available?
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10 lacs
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20 lacs
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5 lacs
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15 lacs
Correct Answer
A. 10 lacsExplanation
Interest subvention on individual housing loans is available for a maximum loan amount of 10 lacs. This means that if an individual takes a housing loan of up to 10 lacs, they will receive the benefit of interest subvention. However, if the loan amount exceeds 10 lacs, they will not be eligible for the interest subvention scheme.Rate this question:
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- 41.
Who headed the Prime Minister's Task Force on Micro, Small and Medium Enterprises (MSMEs)?
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A.S Ganguly
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S.L.Kapur
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T.K.Nair
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Nayak
Correct Answer
A. T.K.NairExplanation
T.K. Nair headed the Prime Minister's Task Force on Micro, Small and Medium Enterprises (MSMEs).Rate this question:
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- 42.
What is the amount of sacrifice to be brought upfront by the customers in case of restructuring of advances?
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25% of 15%
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50% of 15%
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100% of 15%
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None of the above
Correct Answer
A. 50% of 15%Explanation
In case of restructuring of advances, the customers are required to bring upfront 50% of 15%. This means that they need to provide half of the total amount, which is 15%, as a sacrifice or payment.Rate this question:
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- 43.
Notes with with an area of more than 130 mm² and a minimum length of the smaller edge greater than 10 mm are called as Notes with
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Dog-ears
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Uneven Notes
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Graffiti
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Crumples/Folds
Correct Answer
A. Dog-earsExplanation
Notes with an area of more than 130 mm² and a minimum length of the smaller edge greater than 10 mm are called "Dog-ears". This term refers to the folded corners of a note that resemble the ears of a dog. The given criteria for the size and shape of the note indicate that it has been folded or bent, resulting in the dog-ear shape. Therefore, the correct answer is "Dog-ears".Rate this question:
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- 44.
What is the year-on-year growth in credit to micro and small enterprises ?
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5%
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10%
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15%
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20%
Correct Answer
A. 20%Explanation
The year-on-year growth in credit to micro and small enterprises is 20%. This means that the amount of credit extended to these enterprises has increased by 20% compared to the previous year. This indicates a positive trend and suggests that there is a growing confidence in lending to micro and small enterprises, potentially leading to their expansion and growth.Rate this question:
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- 45.
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.
Correct Answer
75, 125Explanation
The risk weight on residential housing loans of Rs. 75 lakh and above, irrespective of the LTV ratio, would be 125 per cent to prevent excessive speculation in the high-value housing segment. This means that banks or financial institutions will assign a higher risk weight to these loans, indicating that they are considered riskier assets. By doing so, it aims to discourage excessive speculation and promote responsible lending practices in the high-value housing market.Rate this question:
- 46.
Repatriation of export related remittances through payment gateways now permitted opto
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USD 500
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USD 5000
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USD 50000
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Not of the above
Correct Answer
A. USD 500Explanation
The correct answer is USD 500 because the statement mentions that the repatriation of export-related remittances through payment gateways is now permitted. This implies that there is a limit on the amount that can be repatriated, and the given options show different amounts. Among those options, USD 500 is the only one that matches the statement.Rate this question:
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- 47.
What is the % of interest subvention in respect of short term crop loans upto Rs 3 lacs during 2010-2011?
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1%
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1.5%
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2%
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3%
Correct Answer
A. 1.5%Explanation
During 2010-2011, the percentage of interest subvention in respect of short term crop loans up to Rs 3 lacs was 1.5%. This means that farmers who took these loans were eligible for a subsidy on the interest rate, with the government covering 1.5% of the interest charged on the loan amount. This measure was likely implemented to provide financial relief to farmers and encourage them to avail loans for agricultural purposes.Rate this question:
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- 48.
Joining parts of the same currenct note together, for example, by using extraneous matter such as tape, paper or glue is called as
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Damaged Note
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Repaired Note
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Soiled Note
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Fake Note
Correct Answer
A. Repaired NoteExplanation
The correct answer is "Repaired Note". Joining parts of the same currency note together using tape, paper, or glue is referred to as repairing the note. This is done to fix torn or damaged notes and make them usable again.Rate this question:
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- 49.
What are the latest guidelines of RBI to be followed by banks while processing banknotes?
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"Clean Note Policy"
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Machine Sorting/Counting and Banding
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"Maker and Checker Mechanism"
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’Note Authentication and Fitness Sorting Parameters’’
Correct Answer
A. ’Note Authentication and Fitness Sorting Parameters’’Explanation
The latest guidelines of RBI require banks to follow the "Note Authentication and Fitness Sorting Parameters" while processing banknotes. This means that banks need to authenticate the notes and ensure their fitness for circulation before sorting them. This ensures that only genuine and fit notes are in circulation, which helps maintain the integrity of the currency and prevents counterfeiting. The guidelines also emphasize the use of machines for sorting, counting, and banding the notes to ensure accuracy and efficiency in the process.Rate this question:
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Mar 19, 2023Quiz Edited by
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Feb 12, 2011Quiz Created by
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