MULTIPLE CHOICE QUESTIONS ON RECENT BANKING DEVELOPMENT (GB- 2)

1. What should be the minimum Net Monthly Income for eligibility under SBI Yuva Home Loan Scheme? a. ` 30000 b. ` 40000 c. ` 48000 d. ` 50000 2. As per Foreign Trade Policy 2009-14, maximum tenor for Gold Loan is a. 150 days b. 180 days c. 240 days d. 270 days 3. Passing powers of Pos/TOs for Cash & Transfer entries, after 6 months of their joining is ` a. 20000 & 25000 respectively b. 50000 & 100000 respectively c. 100000 & 400000 respectively d. 200000 & 500000 respectively 4. In case of takeover of advance under SSI or C&I segment, the borrower should be rated not below a. SB 4 b. SB 5 c. SB 6 d. SB 8 5. Entries passed for Agri Interest Subvention Receivables should be adjusted on : a. Next Working Day b. last day of next month c. actual receipt of claims from RBI d. 31st March of next F.Y. 6. Under Money Transfer Service Scheme (MTSS), the customers identity and address should be verified by the Bank, if the amount is a. INR 50000 and above b. above USD 5000 or its equivalent c. INR 500000 and above d. above USD 50000 or its equivalent 7. The Govt. of India has prescribed the time limit of ____ days for disposal of Loan Application, to be sanctioned at Branch level. a. 8 days b. 15 days c. 30 days d. 45 days 8. Which of the following is a Solvency Ratio a. DSCR b. Quick Ratio c. ROI d. Assets Turnover Ratio 9. If a person resident outside India, who has established in India, acquires any immovable property in India, he has to file a declaration with RBI within ______ days from the date of such acquisition, in accordance with FEMA Regulation, 2000. a. 45 b. 90 c. 180 d. 360 10. In the light of frauds occurred, it has been decided that All Title Investigation Reports, furnished by the banks empanelled advocate in respect of ___________, shall be invariably vetted by the Banks Law Officer for their genuineness and enforceability. a. Power of Attorney b. Will c. Agreement to Sale d. Sale Deed 11. If a person did not furnish PAN, the TDS on interest (above ` 10000) on Term Deposit Receipts will be deducted at the rate of a. 10% b. 15% c. 20% d. 21% 12. In Power Jyoti PUL account who will upload the data a. Home Branch b. collecting Branch c. CBD Belapur d. Any one 13. Excess (unspent) amount of interest subsidy on Education Loans for economically weaker section should be refunded through nodal officer & PBU head of Circles to a. MOHRD, Govt. of India b. Canara Bank c. SBI, Mumbai d. RBI 14. Our Bank is providing free accidental Insurance cover to our Home Loan / Car Loan Borrowers through a. Oriental Insurance Co. b. New India Assurance Co. Ltd. c. United India Insurance Co. d. General Insurance Co. of India 15. Foreign Direct Investment up to _____ would be permitted in single brand product trading, under the government route of FDI Scheme. a. 51% b. 75% c. 100% d. not permitted
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MULTIPLE CHOICE QUESTIONS ON RECENT BANKING DEVELOPMENT (GB- 2)

16. Net Profit of the Bank (SBI) during F.Y. 12 increased to a. ` 8265 Crore b. ` 11707 Crore c. ` 25336 Crore d. ` 31574 Crore 17. What percentage of Micro & Small Enterprises Advances should go to the Micro Enterprises during the F.Y. 2012-13? a. 40% b. 50% c. 55% d. 60% 18. Capital Adequacy Ratio of the Bank (SBI) in March 12 is recorded at a. 11.98% b. 12.86% c. 13.86% d. 14.24% 19. SBI has proposed Dividend on its shares, for the Year ended March 2012, at the rate a. 250% b. 300% c. 350% d. 400% 20. Accounts with Fund Based Working Capital Limit of ` 100 crore & above may be subjected to Stock & Receivables Audit at ___________ intervals. a. quarterly b. half-yearly c. annually d. no fixed time 21. Amount of purchase of fixed assets items is debited to Charges Account (Sundry) if it is below ` a. 500 b. 1000 c. 5000 d. 10000 22. Growth in Deposits during F.Y. 2011-12 is marked at a. 11.75% b. 11.27% c. 10.78% d. 10.51% 23. Fee payable to CERSAI for each filing is a. ` 250 b. ` 500 c. ` 1000 d. ` 5000 24. YOY growth in Gross Advances of the Bank in March 2012 is marked at a. 15.78% b. 14.97% c. 10.85% d. 6.39% 25. Our Bank is managing ______ Currency Chest spread across the country.
a. 2096 b. 2112 c. 2178 d. 2194

26. In Currency Administration Cells (CACs) the software used for optimization of currency at branches a. Dream Cash b. Dhan Raksha c. Kubera d. Dream Bachat 27. Under S 125 of the Companies Act, certain charges created by the company in favour of the Bank as security, has to be registered within _______ from the date of creation. a. 15 days b. 30 days c. 45 days d. 60 days 28. Which of the following criteria for classification as Mid Corporates Unit is not correct a. Annual Turn-over between ` 50 crore and ` 500 crore b. Aggregate W.C. limits (both FB & NFB) of ` 10 crore or more from our Bank c. Term Loan of ` 25 crore or more from our Bank d. where CAG branches are setup, the upper limit of Turnover is 350 crore. 29. The Ceiling of reimbursement of Hotel expenses to JMGS-I officer at Area 1 centre is b. ` 1200 c. ` 1500 d. ` 2000 a. ` 1000 30. Who had recommended the formation of State Bank of India? a. Reserve Bank of India b. Govt. of India c. All India Rural Credit survey Committee d. Indian Bank Association 31. Minimum Current Ratio desired for manufacturing companies a. 1.00% b. 1.20% c. 1.33% d. 1.50% 32. Which of the following option is not available under Maturity Instructions to be filled at the time of opening of new Term Deposits A/c a. Renew both principal and interest b. Renew Principal and payback interest c. Payback Principal and Interest d. reinvest for same period 33. While opening a Savings Bank Account under No Frills A/c, a minimum amount of _______ is to be deposited c. ` 75 d. ` 100 a. NIL b. ` 50
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MULTIPLE CHOICE QUESTIONS ON RECENT BANKING DEVELOPMENT (GB- 2)

34. Which of the following is not the condition for payment of OTS amount under SBI OTS MSME, 2012 a. Borrower has to deposit 25% of the OTS amount upfront on receipt of sanction letter b. Balance 75% of the OTS amount is to be paid within 6 months of sanction of OTS, without Interest. c. Balance 75% of the OTS amount can be paid within 12 months of sanction of OTS, without Interest. d. Balance 75% of the OTS amount can be paid within 12 months of sanction of OTS, with Interest. 35. Validity period of Weaver Credit Card a. 2 years b. 3 years c. 4 years d. 5years 36. Under SBI Car Loan Scheme, the maximum amount of incentive that may be paid to a Dealer Sales Executive, at the time of disbursement of loan, for the loan applications sourced by them is : a. ` 2000 b. ` 3000 c. ` 4000 d. ` 5000 37. If the Home Loan application is submitted to CPCs without the request for coverage under SBI Life RiNn Raksha Policy and subsequently the customer desires to opt for life cover. In such case a. The additional loan amount for SBI Life premium may be sanctioned by CPCs on written request of the customer. b. CPC return the loan proposal to sourcing unit for resubmission of modified loan proposal c. Amount of SBI life premium is considered for calculation of eligibility under Home Loan and as such requires a fresh appraisal. d. Customer is asked to provide additional security for additional loan amount. 38. It has been decided to adopt the centralized system of mailing the Statement of account to a. All our Current Account Customers b. Customers having INB facility. c. Customers of CAG & MCG groups d. All Cash Credit Account Customers 39. SBI Cards has launched a new Product Advantage Plus Card with a facility to a. Create a Fixed Deposit b. Create CIBIL history for them c. target the lower middle class customers d. All of these 40. Drafts, Bankers Cheque and SC Payment advices are to be signed by two officials, if the amount is b. ` 100000 & above a. ` 50000 & above c. ` 150000 & above d. ` 200000 & above

Compiled by Umesh Rastogi, Branch Manager, State Bank of India, Kapkote (Uttarakhand) Mob No 9456594644; e-mail ID: umesh.rastogi@sbi.co.in Page 3

MULTIPLE CHOICE QUESTIONS ON RECENT BANKING DEVELOPMENT (GB- 2)

KEY Q. No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Answer a d b c c a c a b a Q. No. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Answer c a b b c b d c c b Q. No. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. Answer b a b a d c b c c c Q. No. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. Answer c d b c b b a a d c

Compiled by Umesh Rastogi, Branch Manager, State Bank of India, Kapkote (Uttarakhand) Mob No 9456594644; e-mail ID: umesh.rastogi@sbi.co.in Page 4