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September 29, 2016

Banking Awareness Quiz - Set 95

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  1. Flow of credit to Agriculture targeted for 2016-17 is Rs. ___________  crores.
    1. 575000
    2. 700000
    3. 900000
    4. 850000
    5. 925000 
  2. What is the purpose of Loan Policy in a Bank ?
    1. Speedy and timely credit disposal
    2. To have uniform procedure of sanction/ review/ recovery of advances.
    3. To have standard bench marks for assessing loan proposals
    4. 1 and 2
    5. All the above 
  3. Which of the following Agencies services are used to obtain credit information ?
    1. CIBIL
    2. Equifax Credit Information Services Pvt. Ltd.
    3. CRISIL
    4. ICRA
    5. 1 and 2
  4. Scale of finance for KCC will be approved by ___________ 
    1. DLTC
    2. BLBC
    3. SLBC
    4. Individual Banks
    5. 2 and 3
  5. Which of the following are the basic characteristics of JLGs ?
    1. Tenant farmers/ oral lessees/ share croppers
    2. Small farmers without proper titles
    3. 4 - 10 individuals
    4. Savings by JLG members is voluntary
    5. All the above
  6. In case of Medium Manufacturing Enterprises, investment in plant & machinery should be ___________ 
    1. More than Rs. 50 lakhs but does not exceed Rs. 5 crore
    2. More than Rs. 1 crore but does not exceed Rs. 5 crore
    3. More than Rs. 2 crore but does not exceed Rs. 10 crore
    4. More than Rs. 5 crore but does not exceed Rs. 10 crore
    5. None of the above 
  7. In case of Micro Service Enterprises, investment in equipment should not exceed ___________ 
    1. Rs. 1 lakh
    2. Rs. 2 lakh
    3. Rs. 5 lakh
    4. Rs. 10 lakh
    5. Rs. 15 lakh 
  8. As per the existing guidelines of RBI, Loan limit up to Rs. ___________   per borrower can be classified under Social Infrastructure of Priority Sector.
    1. Rs. 1 crore
    2. Rs. 2 crore
    3. Rs. 3 crore 
    4. Rs. 5 crore
    5. Rs. 6 crore 
  9. NAV is a term generally associated with the schemes floated by which of the following institutions?
    1. Banks
    2. Mutual Funds
    3. Credit Societies
    4. Merchant Bankers
    5. None of the above 
  10. Advances under consortium are classified as NPA, ___________   
    1. when any account of any bank becomes NPA
    2. based on record of recovery of individual bank
    3. when all the member banks agree for the same
    4. when all facilities of any bank are bad assets
    5. None of the above 
  11. The SARFAESI Act 2002 con-fers on the bank which of the fol-lowing kind (s) of power for enforcement of security interest?
    1. To take possession of secured assets
    2. To take over management of secured assets
    3. Sale of seized secured assets
    4. Filing application for recovery of balance amount before DRT
    5. All the above 
  12. Which of the following nations is considered the originator of the concept of Micro Finance ?
    1. India
    2. Bangladesh
    3. South Africa
    4. USA
    5. Canada
  13. What is the maximum amount that can be remitted by any per-son to Nepal through NEFT under Indo-Nepal Remittance Facility Scheme?
    1. Rs. 25000 
    2. Rs. 30000
    3. Rs. 35000 
    4. Rs. 40000
    5. Rs. 50000 
  14. The relationship between RBI and the bank maintaining currency chest is of ___________ 
    1. Principal and Agent
    2. Licensor and Licensee
    3. Trustee and Beneficiary
    4. Bailor and Bailee
    5. None of the above 
  15. In case of Garnishee order issued by a court, then who will be the Garnishee ?
    1. Judgement Debtor
    2. Judgement Creditor
    3. Bank which receives the order
    4. Customer in whose order is received
    5. None of the above 
  16. What is the limit of maximum number of transaction in SB Zero account ?
    1. 30 per quarter
    2. 15 per half year
    3. 60 per half year
    4. 20 per half year
    5. 10 per quarter 
  17. What is the charge per entry for the No-frill account when it exceeds the maximum free limits per quarter ?
    1. Rs. 5
    2. Rs. 10
    3. Rs. 15 
    4. Rs. 25
    5. Rs. 20
  18. Under Pradhan Mantri Jan-Dhan Yojana (PMJDY), overdraft facility can be extended to borrowers whose household annual income does not exceed Rs. ___________ 
    1. Rs. 10,000 for rural and Rs. 20,000 for non-rural areas
    2. Rs. 50,000 for rural and Rs. 1,00,000 for non-rural areas
    3. Rs. 2,00,000 for rural and Rs. 2,50,000 for urban areas
    4. Rs. 1,00,000 for rural and Rs. 1,60,000 for non-rural areas
    5. No such criteria 
Shared by Shravan Varma Gadhiraju

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