As a customer centric initiative, our Bank has introduced certain

modifications in various products of our Retail Lending recently. Which of the

following have not undergone any changes?
a. Baroda Home Loan b. Baroda Car Loan c. Baroda Education Loan (Gyan) d.
Baroda Education Loan (Scholar) e. (c) and (d)
What are the key modifications in Home Loan as per revised guidelines?
a. Risk based pricing b. Stipulation of Bureau Score Cut off c. Realignment of
Home Loan to NRI and Staff Home Loan under Public Scheme d. Enhancement
in maximum amount, income criteria and repayment capacity e. All the
above
What are the key modifications in Car Loan as per revised guidelines?
a. Risk based pricing b. Stipulation of Bureau Score Cut off c. Discontinuation
of 2nd hand Car Loan, Takeover and loan for CNG/LPG gas d. Increase in
payout to car dealers e. All the above
What are the key modifications in Baroda Scholar Education Loan as per
revised guidelines? a. Institute based pricing b. Increase in loan amount c.
Institute based pricing (ROI) d. Margin norms as per Institute e. All the above
As per scheme guidelines, what is the maximum limit of Home Loan in our
Bank? a. `1 Cr
b. `3 Cr
c. `5 Cr
d. `8 Cr
e. `10 Cr
In which of the following Metro cities, Home Loan limit can be considered
@`10.00 Cr?
a. Delhi
b. Mumbai
c. Chennai
d. Kolkata
e. all the above
What is the maximum limit for Home Loan in other metros (except Mumbai)
as per Scheme guidelines?
1 Cr
b. 2 Cr
c. 3 Cr
d. 5 Cr
e. 10 Cr
What are the criteria for arriving the limit for Home Loan for a borrower other
than Salaried?
(i) 5 times of average annual income (last 3 years) (ii) Average annual
income < `2 lacs 4 times of average annual income (last 2 years) (iii)
Average annual income `2 lacs & above 6 times of average annual income
(last 2 years) (iv) Average annual income < `2 lacs 4 times of average
annual income (last 3 years) (v) Average annual income `2 lacs & above 6
times of average annual income (last 3 years) (vi) 6 times of average annual
income (last 3 years) a. (i)
b. (ii) & (ii)
c. (iv) & (v)
d. (vi)
e. none of these
Mr Sravan, a salaried person drawing a Gross monthly salary of `56,000/- has
approached your branch for a Home Loan. What would be his limit for Home
Loan as per Income criteria?
a. `18.00 lacs
b. `26.88 lacs
c `30.24 lacs
d. as per CIBIL Score
e. `33.00 lacs

Under Risk based pricing, Bank can consider Home Loan at Base Rate if
borrowers CIBIL score is ---a. 800 and above b. (-1) or (0) c. 760 to 800 d. 700 to 760 e. More than 675

If Gross monthly income is `5.00 lacs and above, total allowable deductions
including proposed EMI of Home Loan should not exceed ______
a. 50%
b. 60%
c. 65%
d. 70%
e. 75%

What is the cut off on CIBIL score for sanction of a Home Loan or Car Loan for
existing customers without taking for deviation to RMCC/ZOCC?
a. 750
b. 725
c. 700
d. 675
e. 650

13.Credit Card default of small amount ie, less than ________ can be reviewed
by the respective authority while considering deviation in Bureau Score. a.
`2,000/b. `3,000/c. `5,000/d. `10,000/e.
`15,000/14.What is the Home Loan limit for drawing Credit Information Reports from
two Credit information companies (CIBIL & Equifax)
a. Limit above `10 lacs
b. Limit above `20 lacs
c. Limit
above `25 lacs d. Limit above `30 lacs
e. none of these
15. What is the maximum loan amount and repayment period for Home
Improvement loan as per revised guidelines?
a. `10 lacs & 10 years b. `20 lacs & 10 years c. `25 lacs & 15 years d. `25
lacs & 10 years e. `50 lacs & 15 years
16. Ms Shalini, a salaried lady drawing a Gross monthly salary of `1,00,000/has approached your branch for a Car Loan. What would be her limit for Car
Loan as per Income criteria? b. `15.00 lacs
b. `24.00 lacs
c `30.00
lacs
d. as per CIBIL Score
e. `36.00 lacs
17. What is the number of times of average Gross annual income to be
calculated for arriving the limit for Car Loan to a non-salaried person? a. 2
times
b. 3 times
c. 4 times
d. 5 times
e. 6 times
18. As per revised guidelines what are the factors that decide the Loan to
Value (LTV) ratio while financing a car? (i) Car segment
(ii) Income
level
(iii) period of loan
(iv) Quantum of Loan a. (iv)
b. (i) & (ii)
c. (i) & (iii)
d. (ii) & (iii)
e. (iii) & (iv)
19. What is the minimum margin stipulated by the bank as per revised
guidelines for Car loan? a. 5%
b. 10%
c. 15%
d. 20%
e. nil margin
20. If Gross monthly income is `1.50 lacs and above, total allowable
deductions including proposed EMI of Car Loan should not exceed ______
a. 40%
b. 50%
c. 60%
d. 70%
e. 80%
Under Risk based pricing, Bank can consider Home Loan at Base Rate if
borrowers CIBIL score is ---a. 800 and above b. (-1) or (0) c. 760 to 800 d. 700 to 760 e. More than 675
If Gross monthly income is `5.00 lacs and above, total allowable deductions
including proposed EMI of Home Loan should not exceed ______

a. 50%
b. 60%
c. 65%
d. 70%
e. 75%
What is the cut off on CIBIL score for sanction of a Home Loan or Car Loan for
existing customers without taking for deviation to RMCC/ZOCC?
a. 750
b. 725
c. 700
d. 675
e. 650
Credit Card default of small amount ie, less than ________ can be reviewed by
the respective authority while considering deviation in Bureau Score.
a. `2,000/b. `3,000/c. `5,000/d. `10,000/e.
`15,000/What is the Home Loan limit for drawing Credit Information Reports from two
Credit information companies (CIBIL & Equifax)?
a. Limit above `10 lacs
b. Limit above `20 lacs
c. Limit
above `25 lacs d. Limit above `30 lacs
e. none of these
What is the maximum loan amount and repayment period for Home
Improvement loan as per revised guidelines?
a. `10 lacs & 10 years b. `20 lacs & 10 years c. `25 lacs & 15 years d. `25
lacs & 10 years e. `50 lacs & 15 years
Ms Shalini, a salaried lady drawing a Gross monthly salary of `1,00,000/- has
approached your branch for a Car Loan. What would be her limit for Car Loan
as per Income criteria?
a `15.00 lacs
b. `24.00 lacs
c `30.00 lacs
d. as per CIBIL Score
e. `36.00 lacs
What is the number of times of average Gross annual income to be
calculated for arriving the limit for Car Loan to a non-salaried person?
a. 2 times
b. 3 times
c. 4 times
d. 5 times
e. 6 times
As per revised guidelines what are the factors that decide the Loan to Value
(LTV) ratio while financing a car?
(i) Car segment
(ii) Income level
(iii) period of loan
(iv)
Quantum of Loan a. (iv)
b. (i) & (ii)
c. (i) & (iii)
d. (ii) & (iii)
e. (iii) & (iv)
What is the minimum margin stipulated by the bank as per revised guidelines
for Car loan? a. 5%
b. 10%
c. 15%
d. 20%
e. nil
margin
If Gross monthly income is `1.50 lacs and above, total allowable deductions
including proposed EMI of Car Loan should not exceed ______
a .40%
b. 50%
c. 60%
d. 70%
e. 80%
How the repayment capacity will be arrived ie, maximum allowable
deductions for a non-salaried person under Home Loan?
a. annual salary to be converted to monthly
b. three brackets of Average Annual Income upto `2.40 lacs, `2.40 to `12
lacs & more than `12 lacs
c. two brackets of Average Annual Income upto `6.00 lacs and more than
`6.00 lacs
d. three brackets of Average Annual Income upto `3.00 lacs, `3.00 to `8 lacs
& more than `8 lacs
e. two brackets of Average Annual Income upto `5.00 lacs and more than
`5.00 lacs

How the repayment capacity will be arrived ie, maximum allowable

deductions for a non-salaried person under Car Loan?
a. annual salary to be converted to monthly
b. three brackets of Average Annual Income upto `2.40 lacs, `2.40 to `12
lacs & more than
`12 lacs
c. two brackets of Average Annual Income upto `6.00 lacs and more than
`6.00 lacs
d. three brackets of Average Annual Income upto `3.00 lacs, `3.00 to `8
lacs & more than `8 lacs
e. two brackets of Average Annual Income upto `5.00 lacs and more than
`5.00 lacs
Whether pre-payment charges to be levied on Car Loan?
a. No such charges b. 2% on outstanding if pre payment within 12 months c.
2% on outstanding if pre payment within 6 months d. 4% on outstanding if
pre payment within 12 months e. 4% on outstanding if pre payment within 6
months
What is the maximum pay-out that can be made to a Car dealer?
a. 0.50%
b. 1.00%
c. 1.50%
d. 2.00%
e. 2.50%
What is the Service charge allowed to pay (per car loan) to Sales Executive of
Car dealer?
a. `1,000/b. `1,500/c. `2,000/d. `2,500/e. `3,000/What is the cut off on CIBIL score for sanction of a Two wheeler Loan?
a. 800
b. 760
c. 725
d. 700
e. 660
What is the maximum limit under Baroda Scholar Loan?
a. `20 lacs
b. `30 lacs
c. `40 lacs
d. `50 lacs
e. `60 lacs
What are the margin stipulations under Baroda Scholar Loan?
a. Upto `4 lacs nil and above `4 lacs 15%
b. More than `10 lacs 15%
c. Nil margin for listed Institutes and 10% for Institutes not listed
d. 5% for listed Institutes and 10% for Institutes not listed
e. Uniformly made 10% for any limit
What is the maximum age limit (including repayment period) that can be
considered for the borrowers of our Auto Loan Product?
a. 60 years
b. 65 years
c. 68 years
d. 70 years
e. none
What is/are the additional features added to our existing online application
system for Home Loans? a. get the loan eligibility b. instant in-principle
sanction c. on-line verification of customer details d. (a) & (b) e. (a) & (c)
For which of the following Retail Assets, bank has introduced Lead generation
through ADCs (Baroda Connect, ATMs & SMS)? A
A. Home Loan
b. Car Loan
c. Education Loan d. (a) & (b)
e. all the three While considering Traders Loan, audited B/S to be obtained if
sales, turnover or gross receipts in business for the previous year relevant to
the assessment year exceeds _____
a. `20 lacs
b. `30 lacs
c. `40 lacs
d. `50 lacs
e. `100
lacs

RBI has revised the LTV ratio at 90% for Home Loans upto ______ .
a. `15 lacs
b. `20 lacs
c. `25 lacs
d. `30 lacs
e. `35 lacs
What is the minimum and maximum eligible limits under Baroda Traders
Loan to Commission Agents, a new scheme under Baroda Traders Loan?
a. As applicable for Baroda Traders Loan
b. Min `25,000/-, Max `100 lacs for Rural/SU/Urban and `200 lacs for Metro
c. Min `25,000/-, Max `200 lacs for Rural/SU/Urban and `300 lacs for Metro
d. Min `25,000/-, Max `200 lacs for Rural/SU/Urban/Metro e. Min `25,000/-,
Max `100 lacs for Rural/SU/Urban and `300 lacs for Metro
What is the limit under Baroda Traders Loan for getting external Credit
Rating?
a. > `3.00 Cr
b. > `4.00 Cr
c. > `5.00 Cr
d. > `6.00 Cr
e. not
mandatory
The eligible limit for Baroda Additional Assured Advance is _______ of residual
Value of house property after deducting _______ of O/S in housing loan
account.
a)75%,150% b) 50%,100% c) 40%,75%
d) 30%,150% e) 20%,125%
The minimum amount of loan under AAA facilitya)`0.25 lacs b) `0.50lac
c) `1.00lac d) `Rs.2.00lac e) `5.00lac
The maximum amount of loan that can be sanctioned under AAA is ------a)`10 lacs b) `20 lacs
c) `100 lacs
d) `200lac
e) 90% of principal
repaid
What is the minimum amount of loan under Baroda Loan against Future
Rent Receivables?
a. `5 lacs
b. `10 lacs
c. `15 lacs
d. `20 lacs
e. `25 lacs
What is the minimum amount of loan under Baroda Loan against Gold
Ornaments (non-agri purpose) at metro/urban branches?
a. `0.25 lacs
b. `0.50 lacs
c. `0.75 lacs
d. `1.00 lacs e. no such
minimum stipulation
What should be the minimum stipulated margin on the value of property in
our Retail Product, Baroda Ashrey?
15%
b) 20%
c) 25%
d) 30%
e) 40%
What is the maximum amount of loan including proposed accrued interest
under Baroda Ashrey Loan?
a) `25 lacs b) `50 lacs
c) `1 crore d) `2 crores e) `3 crores
What is the maximum age of the building to be accepted as security for
considering Baroda Ashrey Loan?
a)10 b) 20
c) 25
d) 30
e) 40
The minimum age of borrower to be considered for availing Baroda Ashrey is
____
a) above 55
b) above 60
c) above 65
d) above 70 e) aged 60-70
Baroda Ashray Loan, the mortgaged property is to be revalued at an interval
of every ____ years during the entire period of loan
a. 5
b. 4
c. 3
d.2
e. 1
What is the maximum limit under loan to Professionals as a Retail borrower?

(a)`10 lacs (b) `20 lacs

(c) `25 lacs
(d) `50 lacs (e) `100 lacs
What is the maximum amount of loan that a Rural branch can sanction under
Baroda Mortgage Loan?
(a) `2.00lac
b) `5.00lac
c) `10.00lac d) `50.00 lacs e) `100.00 lacs
What is the DLP for an Officer in Scale-III for considering Baroda Mortgage
loan?
a)`10 lacs
b) `20 lacs
c) `25 lacs
d) `50 lacs
e) `100
lacs
What is the maximum moratorium period allowed in Baroda Mortgage loan?
a) 03 months
b) 06 months c) 12 months d) 18 months e) 24 months
While considering Baroda Mortgage loan, normally age of the building should
not exceed ------years
a)10
b) 15
c) 20
d) 25
e) 40
What can be the minimum amount of loan under Future Rent receivable
scheme to the land lord of Bank of Baroda premises?
a)`5.00lacs b) `10.00lacs c) `15.00lacs d) `20.00lacs (e)No minimum
limit
For considering Baroda Traders Loan, the borrower should be in the line of
activity /business for a minimum of ----- years
a) 01 year b) 1.5 years c) 2 years d) 2.5 years e) 3 years
What is the periodicity of inspection in a standard Baroda Traders Loan
account?
(a)As per credit rating (b) Bi monthly
(c) Quarterly (d) half-yearly (e)
Once in a year
What is the maximum loan that can be considered under Baroda traders
Loan?
(a) `50.00lacs
b) `100.00lacs
c) `250.00lacs
d) `300.00lacs
e)
`400.00lacs
What should be the minimum amount of loan that can be availed in Baroda
Trader Loan against
gold ornaments?
a) `0.25lac b) `0.50lac c) `2.00lacs d) `3.00lacs
(e)`5.00lacs
What is the maximum limit allowed under our Retail Product Baroda Advance
against gold
Ornaments/jewellery?
a) `2.00 lacs
b) `10.00 lacs c) `15.00 lacs
d) `20.00 lacs
e) `25.00
lacs
In which of the following products, 100% collateral is stipulated irrespective of
the sanctioned
limit?
(a)Baroda Gyan
(b) Baroda Scholar
c) Baroda Career development
(d)Baroda Vidya
(e) No such scheme
What is the maximum ceiling for the deviation charges under Retail lending
(other than Housing Loan) products?
a) `5,000
b) `6,000
c) `10,000
d) `15,000
e)
`20,000
What is the minimum stipulated limit under the Retail product, Loan to
Doctors?

a. `0.50lacs b) `1.00lacs c) `2.00lacs d)`5.00lacs e) No minimum limit

What is the maximum limit of eligible housing loans under Credit Risk
Guarantee Fund Trust Scheme (CRGFS) for low income housing in urban
areas?
a. `5.00 lacs
b. `6.00 lacs
c. `8.00 lacs
d. `10.00 lacs
e. `15.00
lacs
What is the maximum OD facility under the Baroda Salary advantage
account?
a. `0.50 lacs b) `1.00 lac c) `2.00 lacs d) `3.00 lacs e) `5.00 lacs
Age of the principal borrower should not be less than ------- years while
considering Housing Loan.
a)18
b)20
c) 21
d) 25
e) 30
What is the maximum repayment period that can be considered for
repayment of
Housing Loan?
a) 30 years
b) 25 years c) 20 years d) 18 years e) 15 years
What is the maximum repayment period allowed for Two Wheeler and
Consumer Durable Loans?
a) 35 months b) 36 months c) 48 months d) 60 months e) 84 months
In our Bank, on-line application facility is not provided for which of the retail
products given below?
(a) Baroda Home Loan
(b) Baroda Car Loan
(c) Baroda Personal Loan
(d)Baroda Education Loan (e) none of these
What is the maximum time allowed for construction on a plot purchased
under our Housing loan?
(a) 12 months
(b) 18 months (c) 1 year (d) 2 years
(e) 3 years
Which of the following constitutions not eligible for Baroda Traders loan?
(a)Individuals
(b) Proprietorship firms (c) Pvt. Ltd. Co (d) Registered Co
operative Societies (e) Public Ltd co.
In housing loan, age of Co-borrower should not be less than ------- years.
(a) 21
(b) 18
(c) 25 (d) 30 (e) 20
For applying personal loan, the prospective borrower must be employed at
least for the last ----(a) 06 months
(b) 18 months
(c) 1 year
(b) 2 years (c) 3 years
What is the revised margin for Home Loans above `75 lacs?
a. 10%
b. 15%
c) 20%
d) 25% e) depends upon monthly income.
Which of the following is authorized to accept 12 years Search Report (NEC)
of the property in SRO instead of 30 years, in respect of mortgage based
Retail Loans upto `3.00 Cr? a.Branch Head (Chief Manager & above) b. Dy.
Regional Head (AGM & above) c. Regional Head d. Zonal Head e. GM (Retail
Banking)
What is the maximum limit that can be sanctioned under Baroda Premium
Personal Loan? a. `2 lacs
b. `5 lacs
c. `8 lacs
d. `10 lacs
e. `15 lacs

Which of the following activities can not be considered for Baroda Doctor
Loan
a. For setting up of clinic cum house b. for Renovation of clinic/Hospital c.
for pursue of Higher Studies d. for Purchase of Car e. for purchase of
Laptop/computer
In the Take over accounts of Baroda Traders Loan, the minimum current ratio
should be a. 1.77
b. 1.50
c. 1.33
d.1.17
e. 1.10
Under Baroda Ashrey Loan, a lumpsum of _____can be disbursed as per his
sanctioned limit.
a. 10 % of the Limit sanctioned
b. 15% of Limit sanctioned
c. 20%
of limit sanctioned
d. 25% of limit sanctioned
e. No such limit
Repayment of loan against NSC can be allowed at the time of maturity out of
the proceeds of the instrument but margin in such case would be minimum
a. 10%
b. 15%
c. 20%
d. 25%
e 30%
In a rural branch headed by scale III officer, one current account customer is
maintaining an average balance of `50,000/- and the turnover during the
year is `6,00,000. What amount of TOD this customer can be sanctioned?
a. `12,500/b. `25,000/c. `50,000/d.
`1.50 lacs
e. No TOD in a Rural Branch
The salaried applicant/co-applicant (whose income is considered for Home
Loan eligibility) should be employed for a minimum period of ______
a. 6 months
b. 1 year
c. 2years
d. 3 years
e. no
such period
The applicant/co-applicant (whose income is considered for Home Loan
eligibility) who is non-salaried should be engaged in the business for a
minimum period of ______
A. 6 months
b. 1 year
c. 2years
d. 3 years
e. no
such period
Upto what maximum age our Bank considers loan to Pensioners?
a. 60 years
b. 65 years
c. 70 years
d. 75 years
e. 80
years
What is the maximum ceiling in our Bank for loan to Pensioners?
a. `1 lac to General Pensioner and `2 lacs to Defense Pensioners b. Maximum
`5 lacs for all Pensioners c. Upto the age limit of 65 years `5 lacs and
above 65 years `3 lacs d. Upto the age limit of 70 years `8 lacs and
above 70 years `5 lacs e. Maximum `8 lacs for all Pensioners
The number of times of monthly pension a Pensioner is eligible for loan?
a. 10 times
b. 12 times
c. 15 times
d. 18 times
e. 20 times
What is the maximum ceiling in our Bank for loan to Family Pensioners?
a. `0.50 lac to General Family Pensioner and `1 lac to Defense Family
Pensioners
b. Maximum `3 lacs
c. Upto the age limit of 65 years `5 lacs and above 65 years `2.50 lacs
d. Upto the age limit of 70 years `3.00 lacs and above 70 years `1.50 lacs
e. No loan based on Family Pension

What are the features of Baroda Home Loan Suraksha Personal Loan?
a. For funding life insurance premium of Group credit life insurance for regular
home loan borrowers
b. Can be availed by the new/existing home loan borrowers
c. A separate product unlike hitherto practice of making premium component
as part of home loan
d. Maximum repayment period upto of the regular home loan account or
residual period of home loan whichever is less
e. All the above
What is the maximum repayment period allowed under the scheme
guidelines for Baroda Premium Personal Loan?
a. 24 months
b. 36 months
c. 48 months
d. 60 months
e. 84 months
What are the maximum eligible limits under Baroda Doctors Loan?
a. `5.00 lacs for R/SU and `30.00 lacs for Urban/Metro b. `10.00 lacs for R/SU
and `50.00 lacs for Urban/Metro c. `15.00 lacs for R/SU and `50.00 lacs for
Urban/Metro d. `25.00 lacs for R/SU and `75.00 lacs for Urban/Metro e. `25.00
lacs for R/SU and `100.00 lacs for Urban/Metro
What is the stipulated margin on immovable properties accepted as security
for Baroda Doctors Loann?
a. 20%
b. 25%
c. 30%
d. 35%
e. 40%
Which of the following is NOT true about Baroda Mortgage Loan?
a. Minimum gross annual income should be `60,000/b. b. Activity clearance is required to be obtained from RO for any limits
fresh/increase
c. Minimum gross annual income of `5.00 lacs for the NRI borrowers
d. NRIs are not eligible for OD limit
e. All all true

CIAD Stands for :

1.
2.
3.
4.

Central Inspection & Audit Division

Chief Inspection & Audit Division
Central Internal & Audit Department
Compliance inspection & internal Audit Department

CIAD works under the supervision of __________ and situated at _____________

1. CMD and Corporate, office Mumbai .
2. Works independently report to Executive Director and Audit
Committee of the Board , office head office Baroda
3. Works independently report to Executive Director and Audit Committee
of the Board , office Corporate office Mumbai
4. CMD and office head office Baroda

 The assessment of level of risk and its direction is as per the Risk Matrix
prescribed by:
1. The Audit Committee of the board
2. RBI
3. Annually by GM, Inspection and Audit
4. Finance ministry
1.
2.
3.
4.

Various types of inspections are carried out in the Bank are :

Risk based Internal Audit (RBIA) & Concurrent Audit
Stock Audit & Credit Audit & BC Audit
Statutory Audit , Information System Audit & HR Audit
All of the above

Types of External Audit of Branches is done by external persons are

:
1.
2.
3.
4.
5.
6.

Information System Audit & HR Audit

Stock Audit & Credit Audit
Statutory Audit
All of the above
(2) and (3)
(1) and (3)

The Score range for A+

1.
2.
3.
4.

Composite Rating varies from :

1200-1501
1201-1501
1201-1500
1100-1500

The branches where Special Observation Letters are issued due to

irregularities in advances / fraud etc. are to be categorised in
________________________irrespective of the marks obtained by them and to be
classified compulsorily as ___________________run branches, attracting the
periodicity of 9-12 months for the next inspection.
1.
2.
3.
4.

Very high risk category, below average run

High Risk Category , below Average run
High Risk Category , Average Run
High Risk Category , normal run

True or false
1. Stock /Book-Debt audit will not be applicable for borrower having no
Working Capital facilities. As such Stock /Book- Debt Audit is not be
applicable for facilities sanctioned under Baroda Traders Loan scheme (
true)

2. The borrower accounts, where concurrent audit has been assigned,

stock audit is to be done as per Banks guidelines. (false)
3. Stock audit is applicable to all accounts including accounts under
multiple banking or consortium with leadership of other banks.
However for this purpose, stock audit carried out through other banks
(true)
4. Annual Stock/Book Debt Audit is to be carried out compulsorily in all
accounts having fund- based and non fund based working capital limits
(including DA LC limit) of over and equal to Rs. 5.00 Crores with our
Bank. preferably once in a half year. ( false)
5. Stock /Book-Debts audit in respect of borrower accounts having
exposure (FB+NFB including DA LC) of Rs. 1 Crores and above but less
than Rs.5 Crores from our Bank, shall be carried out once in a financial
year. ( True)
The Objective/ Area of operation of credit Auditor are as follows:
1. Improvement in quality of credit portfolio
2. Review of Sanction process and compliance status of large loans
3. Feedback on regulatory compliance
4. Independent Review of Credit Risk Assessment
5. All of the above
6. All of the above except 4
The minimum ceiling of carrying out Legal Audit in an account
with an exposure is :
1. Credit exposure of Above Rs. 1.00 Crores
2. Credit exposure of Rs. 5.00 Cr and above
3. Credit Exposure of Rs. 10.00 Cr and Above
4. Credit Exposure of above Rs. 5.00 Cr.
True /false :
While selecting the accounts for legal Audit, In accordance to the existing
practice , re verification of title deed as to their genuineness with relevant
authorities along with verification of other loan documents will be carried out
within a period of five years from the date of sanction and every block of five
years thereafter till the loan is settled in full . ( False)
Correction : within a period of five years from the date of such first
verification of tittle deeds /documents
As per the new normal creature of ZIAD The person who carry out the
inspection of the branches are called as
1. Inspecting Officers
2. Inspectors

3. Internal Auditors
4. ZIAD Representative
Spot Rectification of irregularities by the branch staff as encourage to
inspecting officers at the time of Inspection of branches comes under the
recommendation of :
1. Our BANKS own initiative
2. Jilani Committee Recommendations
3. Ghosh Committee Recommendation s
4. All of the above.
Zonal Inspection Centres would ensure that Inspection Reports are submitted
within a maximum period of __________ days from the date of conclusion of
the inspection.
1.
2.
3.
4.

30 days
-1- month from the date of formalisation
60 days
45 days

The records of inspection of the units/ branches such as date of submission

of the report, due date of rectification certificate, date when rectification
received, whether certificate is clean or qualified and date of closure of the
report will be maintained by the concerned Zonal Inspection Centre as
hitherto.
1. the concerned Zonal Inspection Centre.
2. The CIAD head office
3. The concern inspection Department Zo
4. The concern Inspection Department, RO

True / False :
1. The competent Authority for recommending Closure of (FACC) for RBO /
Contact Center is Reional Head and Competent Authority for closure of
FACC is General Manager (CIAD) , False
2. The competent Authority for recommending Closure of (FACC) for
SMELF/RLF/CSO/CBO is Reional Head and Compentent Authority for
closure of FACC is ZIAD . TRUE
3. The competent Authority for recommending Closure of (FACC) for All
very high /exceptionally high risk branches is Zonal Head and
Compentent Authority for closure of FACC is ACE through GM (CIAD) .
True

4. The competent Authority for recommending Closure of (FACC) for

Regional Office is Zonal Head and Compentent Authority for closure of
FACC is General Manager (CIAD) True
Regional Office on its own will audit _______ of the BCs of the Region randomly
every quarter in addition to the branch audit .
1. 10%
2. 30%
3. 25%
4. 15%
The CVO OF THE BANK IS :
1. Mr. Raju Gupta
2. Mr. N.J.Nampoothiri
3. Non of the Above
The report of concurrent report by concurrent Auditor of the branch is to be
submitted to branches by :
1. 31st of that month
2. 10th of the next month
3. 5th of the next month
4. 15th of the next month