Professional Documents
Culture Documents
From
Shri ATUL KUMAR
PRINCIPAL,
STAFF COLLEGE,
BENGALURU.
10.06.2015.
DISCLAIMER: This is only a voluntary effort and the user have to verify actual circulars
and materials for correctness and I disown any responsibility in this matters.
UNION BANK OF INDIA :: STAFF COLLEGE:: BENGALURU
3 ADVANCES(Crores) 2,62,757
12 BRANCHES 4078
13 FOREIGN BRANCHES 3
14 SERVICE BRANCHES 47
15 EXTENSION COUNTERS 31
16 ATMs 7,020
3 Father of Satish Kumar has already a co applicant in case of education loan granted to his
Son Mr. Sunil for 4.00lac. Now the father approaches the bank for education loan of 4.00
lac for his daughter Sunita.We will
1. Refuse as the previous loan of his Son is still outstanding
2. Sanction but stipulate collateral of Rs.8.00lac
3. Only one education loan per family can be sanctioned
4. Sanction as the security, margin etc are applicable to the individual & not family.
4 For Micro Enterprises _____% of ANBC OR Credit Equivalent amount of Off-balance sheet
exposure, whichever is higher achieved in a phased manner by 2017.
a) 5 b) 6 c) 7.5 d) 4.5 e) 13.5
5 The maximum tenure permissible under Union Reverse Mortgage ?
a. 10 years
b. 5 years
c. 15 years
d. 20 years
7 Name the three partner companies in Star Union Dai ichi life Insurance Co. ltd.:
a. Union Bank of India, Bank of India , Dai ichi Motor Insurance Co. ltd.
b. Union Bank of India, Indian Bank, AIG life Insurance Co. ltd.
c. Union Bank of India, Bank of India, Dai Ichi Life Insurance Co. ltd
d. Union Bank of India, Oriental Bank of Commerce, Dai ichi life
insurance co. ltd.
8 As per revised guidelines, Loans for Food and Agro processing up to an aggregate
sanctioned limit of Rs.______Crores per borrower from the banking system is permitted
under Agriculture infrasture.
a) 10 b) 15 c) 25 d) 50 e) 100
11 Bank loans to any governmental agency for construction of dwelling units or for slum
clearance and rehabilitation of slum dwellers subject to a ceiling of __________ per
dwelling unit.
a) Rs.10 lakh b) Rs.15 lakh c) Rs.12 lakh d) Rs.11 lakh
12 What is the maximum quantum of loan that can be sanctioned under Union Cash for
family pensioner:
a. 3.00 lakh
b. 2.00 lakh
c. 1.00 lakh
d. 2.50 lakh
16 What is the minimum quantum of loan that can be sanctioned union health scheme:
17 In Union Personal for Union Home borrowers what is the maximum quantum of loan?
a. 3 lakh
b. 5 lakh
c. 5% of the housing loan limit subject to 5 lakh
d. 10 lakh
18 Within the 18% target for agriculture, a target of ______% of ANBC or Credit Equivalent
Amount of Off-balance sheet exposure, whichever is higher is prescribed for Small and
Marginal Farmers, to be achieved in a phased manner by March, 2017.
5 b) 6 c) 7.50 d) 8 e) No such limit
19 Bank loans to Micro and Small Enterprises (MSE) engaged in providing or rendering of
services will be eligible for classification as direct finance to MSE Sector under priority
sector up to an aggregate loan limit of_______ crore per borrower / unit provided they
satisfy the investment criteria for equipment as defined under MSMED Act, 2006.
a) Rs. 1 crore b) Rs. 2 crore c) Rs. 3 crore d) Rs. 4 crore e) Rs. 5 crore
20 As per revised guidelines, overdrafts extended up to Rs _______ under Pradhan Mantri
Jan-Dhan Yojana (PMJDY) accounts provided the borrowers household annual income in
rural areas does not exceed Rs. ________ & for non-rural areas it should not exceed Rs
______.
a) 5,000; 1,00,000; 1,60,000 b) 1 lac; 50,000;1,00,000
c) 50,000; 60,000;1,00,000 d) 1 lac; 60,000;1,20,000
21 Loans to Corporates including farmers', producer companies of individual farmers,
partnership firms and co-operatives of farmers directly engaged in Agriculture and Allied
Activities, viz., dairy, fishery, animal husbandry, poultry, bee-keeping and sericulture (up to
cocoon stage) up to an aggregate limit of Rs.2 crore per borrower can be classified as
finance to:
a) Farm Credit b) Agril infrastructure c) Ancillary activities.d) None of the above
22 For the purpose of identifying the economically weaker sections and low income groups,
the family income limit of _________ per annum, irrespective of location, is prescribed.
a) Rs. 1,00,000 b) Rs. 1,50,000 c) Rs. 1,20,000 d) Rs. 2,00,000
23 Loans for construction of storage facilities (warehouses, market yards, godowns & soils)
including cold storage units/cold storage chains desisgned to store agriculture produce,
irrespective of their location, Soil conservation and watershed development, and Plant
tissue culture and agri-biotechnology, seed production production of bio-pesticides, bio-
fertilizer, and vermin composting for these purposes an aggregate sanctioned limit of
Rs._______Crore per borrower from the banking system will apply.
1. 5 b) 10 c) 25 d) 50 e) 100
24 Swarna Jayanti Gram Swaraozgar Yojana (SGSY) scheme was restructured as _________to
make it universal in application, focused in approach and time bound for poverty
eradication by 2014-15.
a) National Rural Livelihood Mission
b) National Rural Employment Generation Scheme.
c) National Rural Employment Generation Programme.
d) Included in the revised SJSRY Scheme.
None
25 Bank loans to Housing Finance Companies (HFCs), approved by NHB for their refinance, for
ANSWERS
1 B 11 A 21 A
2 B 12 C 22 D
3 D 13 E 23 E
4 C 14 C 24 A
5 D 15 C 25 A
6 D 16 B 26
7 C 17 C 27
8 E 18 D 28
9 E 19 E 29
10 B 20 A 30
16 . In case of a deceased case under BCSBI codes, the account shall be settled within a period of
_________days after submitted all documents including death certificate.
a) 15 b) 30 c) 45 d) 60 c) 90
17 Banker has to close the account with in_____days if customer applies for closure.
a) 1 b) 3 c) 10 d) 15 e) No such provision, immediately shall close
18 Under Right to Information Act Banks have to maintain the records for a period of ____yrs.
a) 8 b) 10 c) 15 d) 20 e) 25
19 Banking ombudsman will be appointed by.?
a) Govt of India b) Finance Ministry c) IBA d) RBI e) SEBI
20 The maximum compensation that can be imposed by Banking Ombudsman is Rs.____lakhs.
a) 1 b) 5 c) 10 d) 15 e) No such limit.
21 Mr.Kesav and Mr. Madhav have a Locker account a/c in your branch under the
operation mode of Either or Survivor. One day morning you received a letter from
Mr. Kesav that the locker key is lost. But on the same day evening Mr.Madhav came to your
branch with locker key for operation of the locker. What you will do?
a) ask him to lodge a FIR with police
b) not to allow operation
c) operation can be allowed jointly.
d) change the locker key since reported lost.
e) inform the situation to RO for guidance.
22 Mr. Jagdish Prasad has opened a Current Account on 25.01.2011. Branch issued a Cheque
Book to him on 31.01.2011. He issued two cheques, one dated 20.01.2011 for Rs.10000/- And
another dated 28.01.2011 for Rs.30000/-. Both came to clearing for payment, Which cheque
will be paid?
1. Cheque dated 20.01.2011 can be paid safely.
2. Cheque dated 28.01.2011 can be paid safely.
3. Both cheques shall be returned since no cheque book was given on those dates.
4. Both cheques can be safely paid.
5. Refer the matter to RO for guidance.
23 The period of validity of Postal Identity card is _____Years from the date of its issue.
a) 1 b) 2 c) 3 d) 5 e) No such limit, it is valid for ever.
24 If PAN is not submitted by the Depositor, Bank has to deduct TDS, at what rate it will Deduct
TDS?
a) 10% b) 15% c) applicable rate or 20% whichever is higher. d) 12.5% e) None
25 Any Creditor of the Company can apply to a Court for Winding up of the Company if the Dues
are Rs.______and more.
a) Rs.500 b) Rs,5000 c) Rs.50000 d) Rs.100,000 e) No such limits.
26 The maximum number of Partners in a Limited Liability Partnership firm for the purpose of
General business required?
a) 10 b) 7 c) 20 d) No limit e) 2
27 The Registration of Limited Liability Partnership firm will be done at___________?
a) Registrars of Firms, b) Registrar of Assurances c) ROC d) Regn is optional e) None
28 What is the relationship between the Banker and Customer in case of goods left by the
Customer by mistake ?
a) Bailor & bailee b) Bailee & bailor c) Trustee & beneficiary d) Lessor & Lessee e) Nil
34 The extent of coverage under CGTMSE for Micro units upto Rs 5 lacs:
a) 75% with maximum amount of claim upto Rs.4.50 lacs.
b) 80% with maximum amount of claim upto Rs.4.25 lacs.
c) 85% with maximum amount of claim upto Rs.4.25 lacs.
d) 75% with maximum amount of claim upto Rs.4.00 lacs.
e) None
35 Union Mitr is a programme like_______ initiated by Union Bank for Rural masses.
a) Financial inclusion b) IT Education c) Financial Education e) Loan scheme e) None
36 Under the Turn over method, the Working Capital need is computed at
a) 25% of the projected turnover accepted by the bank.
b) 20% of the projected turnover accepted by the; bank.
c) 5% of the projected turnover accepted by the; bank.
d) 33.33% of the projected turnover accepted by the; bank.
e) At the discretion of bank.
All sanctions, if not availed within a period of 3 months in case of Working Capital facilities
and 6 months, in case of Term Loans would lapse and require validation from the competent
authority.
56 LOC can be issued maximum for 360 days for raising External Commercial Borrowings [ECBs]
for working capital requirement and maximum for 3 years for raising ECBs for capital goods.
57 Mid Corporate Vertical (MCV) : With an objective to target the specialized segment of the
economy, MCV shall be revived at Central Office which will handle Mid Corporate Branches
proposals with thresh hold credit limit above Rs.100 crores and up to Rs.200 crores.
2 What is the maximum age of life assured at entry in Dhan Suraksha Plus Plan?
a. 50 years
b. 40 years
c. 35 years
d. 55 years
5 Bank Loans to Food and Agro processing units up to an aggregate sanction limit of Rs.100
Crores per borrower from banking system will form part of:
a) Indirect Agril b) Agriculture c) MSE provided investment criteria d) Other Adv e) None
a) 5 b) 3 c) 12 d) 7 e) 10
9 The following is not eligible to become a member of a Partnership firm as per Supreme Court
judgment?
10 What is the maximum number of individuals that can be permitted in a joint account as per the
RBI directives?
11 Ram and Shyam have a SB Account in your branch with E or S mandate. A cheque was issued
for Rs.10000/- by Mr. Ram but the validation of the cheque is extended by Mr. Shyam under
his signature. What you will do when it presents for payment?
a) 0.05 paise per Rs.100/- b) 0.10 paise per Rs.100/- c) 0.15 Paise per Rs.1000 d) None
15 In case of deposit account in the joint names of X and Y the nominee is A. Mr. X died in an
accident. The balance is payable to:
17 What is the maximum amount that can be deposited under Tax Saver Scheme?
a) Rs5 lacs b) Rs.10 lacs c) RS.3 lacs d) Rs..1 lac e) No such limit prescribed.
19 What are the Non-Resident A/cs which are not subject of TDS deduction?
20 Banks have to submit Form 15H and 15G to Income Tax Department within______days of the
following month:
21 If PAN is not submitted by the Depositor, in such case the TDS to be deducted at the rate of
_____% ?
22 What is the period of time for preservation of documents like Address proof, identity proof,
taken at the time of opening of account after closure of the a/c.
a)12 years from the date of opening of account
b) 10 years from the date of opening of account.
c) 05 years from the date of closure of the account
d) 12 years from the date of closure of the account
e) none
23 Up to what loan amount banks need to lend under Consortium finance?
a) Rs. 5 Cr b) Rs.10 Cr c) Rs.20 Cr d) Rs.50Cr e) No limit now
24 RBI permitted banks to pay differential rate of interest in case of SB accounts where SB balance
is _________
a) Rs.1 lac and above b) above Rs.1 lac c) Rs.5 lac & above d) Rs.10 lac & above e)None
a) High court & Hindu Law b) Supreme Court & Succesion Act
c) High court and Indian Succession Act d) Any court and HUF e) None
26 A person in order to dispose his assets after his death appoints_____by his WILL and if there is
no WILL the Court can be approached to appoint__________to dispose of the assets of the
deceased:
a) 1 b) 2 c) 3 d) 4 e) 5
35 Mr. Samal while using ATM of your bank no cash is received but his account has been debited.
Within what time limit the amount has to be credited back to his account as per RBI guidelines
after a formal complaint has been lodged by him:
43 Bank need not file a FIR with Police up to ____ pieces of counterfeit notes found in a single
transaction
a) 3 b) 2 c) 4 d) 1 e) No such limit
44 The proposal has to be cleared at the Branch level in ______days incase of it pertains to
Mincro and Small Enterprises:
45 An account was opened on 15.12.2012 and the cheque book was issued on 20.12.2012. Two
cheques one dated 05.12.2012 and another 17.12.2012 are received for payment, which one
can not be paid?
a) Cheque dated 05.12.2012 b) Cheque dated 17.12.2012 c) both can be paid safely
d) both cannot be paid as cheque book not issued at the time of issue dates e) None
46 In case of RTGS what is the time lag between the Customer timing and Inter bank timing for
week days?
48 What is the minimum and maximum within which band RBI now can vary CRR?
49 For setting up of White Label ATMS, the net worth of the Corporate must be: 100 crores
a) 50 b) 100 c) 250 d) 300 e) 500
50 Banks have to maintain minimum percentage of CRR on their NDTL with RBI. What is the rate
of interest is paid by RBI on the CRR balances of banks?
2 A 12 C 22 C 32 D 42 B
3 D 13 D 23 E 33 E 43 C
4 A 14 B 24 B 34 B 44 B
5 B 15 C 25 C 35 C 45 C
6 A 16 D 26 D 36 B 46 B
7 B 17 D 27 E 37 A 47 C
8 D 18 E 28 A 38 C 48 D
9 C 19 D 29 D 39 B 49 B
10 C 20 D 30 B 40 C 50 D
3 No person other than RBI or Govt of India can issue a promissory note or bill of exchange
marked payable to bearer on demand. This rule was incorporated in which act?
(a) Sec 31 BR Act, 1949 (b) Sec 31, RBI Act, 1934 (c) NI Act, 1881 (d) IBA guidelines
(e) None.
4 In Cheque Truncation System clearing the physical cheque is kept with the______
(a) Presenting Banker (b) Drawee Bank (c) Beneficiary (d) Repository (e) NOA
5 Public Holiday under NI Act, 1881 are declared under Sec________of the act.
(a) 21 (b) 22 (c) 25 (d) 24 (e) 20
8 In a partnership there are 4 Major Partners and One Minor partner. In the absence of specific
instructions who will sign on the Cheques.?
(a) All the Partners including Minors.
(b) All Partners and Guardians of Minors.
(c) All the Four Major partners will sign
(d) Bank will ask specifically who will operate the a/c and return the cheque. (e)
None
9 In a Bank A/c Mr. Satish Agarwal has a Credit balance of RS.30,000/- at the time of ITO
attachment Order for Rs.50,000/-, later a sum of Rs.35,000/- Credit to his A/c. But Party
expired meanwhile, what to do?
(a) Can not be debited since party expired.
(b) Can be honoured by taking legal heirs consent.
(c) Subsequent Credit can be attached even if party expired.
(d) Not to honour since at the time of receiving ITO order no sufficient balance. e)
NONE.
13 In a Trust A/c A, B, and C are Trustees. In the Trust Deed there is no mention was made
regarding operation of the account. However, all the trustees unanimously authenticated Mr.
A to operate the account.. Now Bank
(a) Bank has to accept since all trustees agreed unanimously.
(b) If no mention is made regarding operation then all have to sign on the cheques.
(c) If no mention is made regarding operation then they can authenticate any one by a
resolution to operate the account.
(d) a and c e) None.
16 A Borrower has a Cash Credit limit of RS.100000/-, margin is 40% and another book limit is also
available for RS.200000/- with a margin of 60% and now what would be the maximum drawing
power of the borrower.
(a) Rs.140.000 (b) 120,000 (c) Rs. 150,000 (d) Rs. 160,000 (e) Rs.200,000
17 The Summary of the Balance Sheet shows that, Fixed Assets 60 lakhs, Current Assets 30 Lakhs,
Net worth 90 lakhs, Current Liabilities 30 lakhs, and Cash on hand 30 Lakhs. Total of the
balance sheet would be ..
(a) 90 lakhs (b) RS.120 lakhs (c) Rs.130 lakhs (d) Rs. 160 lakhs (e) None.
18 Procedure for borrowing a Limited Company in excess of its paid up capital and reserves is laid
down in
(a) Memorandum of Association. (b) Articles of Association. (c) Company Act, 1956
19 In normal course Endorsee must give notice of dishonor. But the endorser may waive notice
and specifically written Notice of dishonor waived. In such a case it is called..
(a) Conditional endorsement (b) Sanse recourse endorsement (c) Facultative
endorsement.
23 As per Indian Stamp Act, 1899 every receipt must be stamped with Revenue stamp other wise
it is not presumed as correct receipt and not admissible in the court as evidence. However,
there is relaxation up to certain amount. Up to want amount revenue stamp is not necessary
for receipts.
(a) Up to Rs.20/- (b) Up to Rs.500/- (c)Up to Rs.5000/- (d) Up to Rs.501 (e)
None.
a. 5 lakh
b. 2 lakh
c. 10 lakh
d. None of the above
32 A Charge created by way of __________does not required registration with ROC in case the
borrower is a Company.
(a) Equitable Mortgage (b) Pledge (c) Simple Mortgage (d) both (a) & (c)
(e) None.
34 A Savings Bank account holder has been prosecuted and is under arrest for a fraud involving an
amount Rs.10 crore. Now the Public Prosecutors representative has called on you with a
notice to stop operations of the account maintained with you. What will be the status?
(a) You will stop the transactions as per request (b) Customers mandate required.
(c) Inform Public Prosecutor to get a clearance from Head Office.
(d) Inform the Public Prosecutor that he has not authority to stop operations.
(e)The Bank requires orders from a competent court directing the bank to stop
operations.
35 ABC Bank ltd., maintains a current account in the Joint Name of A & B. The account is
operated as Either or Survivor. The Bank received a cheque of Rs.38,000 originally made for
RS.33,000. Though the cheque signed by A, the alteration on the cheque in the amount has
been made by B. What should the bank do?
(a) Pay and seek confirmation from A. (b) Refuse to pay. (c) Refer to Branch
Manager.
(d) The payment would be made as the alteration in the cheque is property
authenticated. (e) None
39 If there is no mention of interest rate in Bills of exchange or Promissory note then what is the
normal rate of interest that has to be charged legally.?
(a) 6% (b) 6.5% (c) 12% (d) 18% (e) None.
42 Govt. of India is providing Interest subvention of _____% in case of Crop loans given by Banks
to farmers up to RS.3 lacs at 7% interest.
(a) 1% (b) 3% (c) 2% (d) 3% (e) None
43 Profit to Sales is 2% and amount of Profit is Rs.5 lacs. What is the amount of sales.?
(a) RS.200 lac (b) Rs.250 lac (c) Rs.270 lac (d) Rs.300 (e) None.
46 A Insured his property worth Rs.100,000/- against Fire for Rs.80,000/-. His actual loss in Fire is
Rs.50,000/-. How much amount will be paid by the Insurance company to Mr. A as per the
average clause in the policy?
(a) Rs.24,000 (b) Rs.30,000/- (c) Rs.32,000/- (d) Rs.40,000/- (e) None
47 Hindu Undivided Family is governed by which act?
(d) Indian Contract Act, 1872. (b). Hindu Succession Act, 1925 (c) Family Law, 1956.
(a) Indian Succession Act, 1925 (e) Indian Customs and Usage.
48 Stamp duty payable on a DP Note executed for Rs.10,00,000/-
(a) Rs. 0.10 (b) Rs. 0.25 (c) Rs .0.40 (d) Rs. 0.15 (e) None.
49 A usance bill dated 10th June, 1996 payable 60 days after sight and accepted on 13 th June, 1996
falls due for payment on.
(a) 12.08.1996 (b) 14.08.1996 (c) 17.08.1996 (d) 16.08.1996 (e) None.
50 The due date of a bills of exchange dated 22.11.2008 payable after month from the date of
the bill, what would be the due date?
a) 22.12.2008 (b) 23.12.2008 (c) 24.12.2008 (d) 25.12.2008 (e) None
1 b 11 b 21 e 31 c 41 c
2 e 12 b 22 b 32 b 42 c
3 b 13 b 23 c 33 b 43 b
4 a 14 b 24 b 34 e 44 a
5 c 15 d 25 b 35 d 45 d
6 d 16 a 26 d 36 a 46 d
7 c 17 b 27 e 37 d 47 e
8 c 18 d 28 a 38 c 48 b
9 c 19 c 29 c 39 d 49 b
10 b 20 d 30 b 40 d 50 c
9 In case of delay in providing credit under RTGS, the beneficiary bank has to pay compensation at
current ____ to the beneficiary customer per day:
a) Repo rate+2% b) Repo rate c) Repo rate +3% d) None of these
10 As per the provision of Companies Act 2013. What is the minimum paid up capital of a public
company?
a) Rs. 2 lac b) Rs. 5 lac c) Rs. 6 lac d) Rs. 10 lac
11 Bank loans to Housing Finance Companies (HFCs), approved by NHB for their refinance, for on
lending for the purpose of purchase / construction / reconstruction of individual dwelling units
or for slum clearance and rehabilitation of slum dwellers, will be classified as priority sector
provided .
a) Maximum loan per borrower does not exceed Rs. 10 lac.
b) Maximum loan per borrower does not exceed Rs. 20 lac.
c) The all inclusive interest rate charged to the ultimate borrower is not exceeding lowest
lending rate of the lending bank for housing loans plus two percent per annum.
d) Maximum loan per borrower does not exceed Rs. 25 lac.
e) Both (a) and (c)
37 Branches headed by DGM & Large Corporate Branches will submit MMR above Rs.2.00 Crore to
RS.5.00 Crore to FGMO and above Rs.5.00 Crore to CO, with revised cut off limits.
38 The name of the department Credit Monitoring Department was renamed as
a) Credit Monitoring & Restructuring Department.
b) CLRD
c) Credit Monitoring & Legal Department
d) Credot Monitoring and Review & Restructure Department
39 As per Recovery Policy the recoveries in settlement account shall be appropriated in the
following order:
(a) As per terms of settlement approved, if specified(If entire settlement amount is not
received.)
(b) Expenses incurred for various charges, such as legal expenses etc.,
(c) Interest. d) Running Ledger outstanding. e) all the above
40 Additional Thrust Areas included this year loan policy 2014-15 are
a) Equipment financing & Health care.
b) Paints and varnishes,
c) Biotech & Alluminium
d) Service sec like Tourism, Health, Transportation
e) No additions
41 As per the Loan Policy 2014-15 the following are Stable Areas :
a) Pharmaceuticals, Plastic Products,
b) Media Production,
c) Breweries/Distilleries
d) Rent Receivable Financing(Union Rent)
e) All the above
42 Which is the following come under Low Priority Areas in the Loan Policy 2014-15 are:
a) State Electricity Boards
b) Distribution Companies of PSUs
c) Iron Ore Mining.
d) All the above
e) a & c
43 What are the Thrust Areas as per Loan Policy 2014-15
a) Priority Sector with emphasis on Agriculture
b) Retail finance
A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 27
UNION BANK OF INDIA :: STAFF COLLEGE:: BENGALURU
c) Micro and Small enterprises
d) Medium Enterprises & Trade, FMCG
e) All the above
44 SARALS are the Central Processing Centres, attached to Regional Offices, for meeting the
following objectives:-
a. To accelerate the credit flow to MSMEs through focused sales and marketing.
b. To enhance Customer service through quick Turn Around Time.
c. To reduce NPAs through efficient monitoring system.
d. To lower Cost and build expertise.
e. All the above
45 Credit Rating is one of the important tools for assessment of risk. Taking exposure in new
accounts i.e. Hurdle rate for new borrower is CR-____ and for take over and CRE to builders will
be CR-_____.
a) 4 & 5 b) 3 & 5 c) 5 & 4 d) 3 & 4 e) 5 & 3
46 For borrowers with aggregate exposure (FB + NFB limits) above Rs.5.00 crores and in case of
NBFCs, Bank, Commercial Real Estate and Capital Markets exposures, irrespective of the
exposure, the CRISIL RAM rating model will be used.
a) 10 b) 15 c) 25 d) 5 e) 50
47 Though it is very difficult to evolve Industry wise bench marks for Current and Debt Equity Ratio,
Profitability Ratios and Debt Service Coverage Ratio or any other specific ratios, in general,
Current Ratio of 1.17 and above, Debt Equity Ratio (DER) < 2.00 : 1, Total Outside Liabilities to
Net Worth Ratio of < 4 : 1 and Average DSCR of 1.5 : 1, with minimum DSCR OF 1.2: 1 will be
considered as reasonable requirement for any Credit proposal.
48 In view of discontinuation of Credit Approval Grid and to facilitate CAC at various levels for
faster disposal of loan applications of large amounts, bringing in qualitative improvements and
value additions to enable to take informed and conscious credit decisions, a Credit Scrutiny
Committee has been constituted to scrutinize various aspects of the proposals before they are
submitted to CACs at ____________ level.
a) RO b) FGMO c) CO d) All the above e) None
49 All sanctions, if not availed within a period of ______ months in case of Working Capital facilities
and ______ months, in case of Term Loans would lapse and require validation from the
competent authority.
a) 3 & 5 b) 3 & 6 c) 6 & 3 d) 3 & 3 e) 6 & 6
50 The Exposure to Film Industry and Media Entertainment at any point of time shall be restricted
to Rs.______ Crores and as against the prevalent exposure ceiling of 10%, exposure to Diamond
Industry at any point of time shall be restricted to the Umbrella Limit of Rs.______ Crores.
a) 500 & 1000 b) 750 & 1500 c) 1000 & 3000 d) 500 & 2000 e) 1000 & 2000
51 Maximum age limit for Union Home loan is up to ______years for both Salaried & Non-Salaried
borrowers.
a) 60 b) 65 c) 70 d) 75 e) 60 for Salaried and others 65
52 What is the Repayment period for Union Home loans?
a) 18 yrs. b) 20 yrs c) 25 yrs d) 30 yrs e) 35 yrs.
53 As per revised norms maximum quantum for repairs/renovation under Union Home is increased
to_____lakhs?
a) 5 b) 10 c) 20 d) 25 e) 30
54 Maximum quantum of loan for purchase of flat/house in Metros, State Capital & NCR is
Rs_____lacs, in Urban Centres Rs.______lacs and in Rural & Semi Urban areas it is
Rs.______lacs.
a) 500,200,100 b) 500, 300, 100 c) 1000, 600, 200 d) No ceiling on maximum quantum
of loan.
55 Loan can be considered for purchase of House not older than _____years, at branch level.
a) 15 b) 20 c) 25 d) 30 d) if exceeds 15, RLCC approval necessary e) No such limits
now.
A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 28
UNION BANK OF INDIA :: STAFF COLLEGE:: BENGALURU
56 Under Union Mortgage Scheme maximum amount of loan to NRI is Rs.______Crores.
a) 5 b) 2 c) 1 d) 10 e) NRI not permitted
57 Under Union Mortgage Scheme loan can be repaid in ______equal monthly instalments.
a) 60 b) 75 c) 84 d) 120 e) Now as per borrower repayment capacity.
58 Under Union Health scheme a Medical graduate with minimum one year experience can be
considered for financing under the scheme with a maximum loan quantum restricted to
Rs._____lakhs.
a) 5 b) 10 c) 15 d) 20 e) 25
59 Any qualified registered Medicical Practitioner with minimum_____years experience in any
branch of Medical science, with minimum qualification of MBBS, BAMS, BHMS, BDS or Degree in
Para medical services are eligible for a loan of minimum Rs._____lakhs and maximum up to
Rs.______lacs.
a) 3, 3, 300 b) 1, 2, 500 c) 3, 2, 800 d) 2, 5, 500 e) 3, 5, 300
60 Under Union Reverse Mortgage scheme maximum repayment tenure is ______years.
a) 10 b) 15 c) 20 d) 25 d) 30
61 Loan under Union Smile will be given to________
a) Pensioners only b) Salaried persons only c) both Pensioners & Salaried persons eligible
d) None
62 Maximum limit for remitting funds under Liberalised Remittance Scheme(LRS) is:
a) US $ 1000 b) US $ 25000 c) US $ 100000 d) US $ 200000 e) US $ 125000
63 How much amount of Foreign Exchange can be retained by resident individual after returning
from abroad?
a) US $ 500 b) US $ 2000 + coins there is no restriction c) US $ 250 d) US $500
64 The Securitization act does not cover________:
a) Private Sector Banks b) Consortium of Banks
c) Private Financial Institutions d) Chit Fund Companies
65 Gurudutt and Ramakant are two partners in a firm sharing profits and losses as 2:1. Dhawan
is admitted as a partner with 25% share in the profits of the firm. The new profit sharing ratio,
after admission of Dhawan would be _____________:
a) 37.50 : 37.50 :25 b) 20:10:10 c) 1:1:1 d) None of the above
66 According to the RBI amendments for Bank loans, which of the following entities would not
qualify for lending to agriculture?
a) Farmers' producer companies of individual farmers b) Partnership firms
c) Co-operatives of farmers d) None of the above
68 For Micro Enterprises _____% of ANBC OR Credit Equivalent amount of Off-balance sheet
exposure, whichever is higher achieved in a phased manner by 2017.
a) 5 b) 6 c) 7.5 d) 4.5 e) 13.5
69 Bank loans to any governmental agency for construction of dwelling units or for slum clearance
and rehabilitation of slum dwellers subject to a ceiling of __________ per dwelling unit.
a) Rs.10 lakh b) Rs.15 lakh c) Rs.12 lakh d) Rs.11 lakh
70 For the purpose of identifying the economically weaker sections and low income groups, the
family income limit of _________ per annum, irrespective of location, is prescribed.
a) Rs. 1,00,000 b) Rs. 1,50,000 c) Rs. 1,20,000 d) Rs. 2,00,000
71 Which of the following rates are same at present?
a) Repo Rate & Bank Rate
74 As per revised guidelines, Loans for Food and Agro processing up to an aggregate sanctioned
limit of Rs.______Crores per borrower from the banking system is permitted under Agriculture
infrasture.
b) 10 b) 15 c) 25 d) 50 e) 100
1 A 16 C 31 D 46 D 61 C
2 B 17 E 32 E 47 == 62 E
3 A 18 C 33 C 48 C 63 B
4 C 19 B 34 D 49 B 64 D
5 C 20 D 35 E 50 C 65 B
6 B 21 A 36 A 51 C 66 D
7 A 22 A 37 52 D 67 A
8 C 23 D 38 A 53 E 68 C
9 A 24 C 39 E 54 D 69 A
10 B 25 A 40 E 55 C 70 D
11 A 26 D 41 E 56 C 71 B
12 A 27 B 42 D 57 D 72 D
13 E 28 A 43 E 58 D 73 E
14 B 29 A 44 E 59 C 74 E
15 A 30 D 45 C 60 C 75 E
41 What should be annual income of a BPL family to be eligible for getting interest subvention under
educational loan?
a) Rs 4.50 lacs b) Rs.60000/- c) Rs.1.20 lacs d) Rs.4.00 lacs e) Rs.24,000/-
42 Cluster based approach is applicable for:
a) Priority credit advance b) SME c) SHG. d) JLG e) None
44 When Guarantor on payment of all dues to principal debtor, he gets which rights as that of
creditor?
a) Subrogation b) Lien c) Assignment d) Pledge. E) none
45 Bank is not required to produce original book of records but true copy can be submitted when
court has demanded as per which act?
a) Civil procedure code b) Registration act c) B.R. Act d)RBI act e) Banker Books Evidence
Act
46 An Saving Bank account is being maintained in the name of Shiva Kumar. The account holder
informs you that he has issued the cheque but has signed as S. Kumar. On checking the account
you find that the cheque has already been paid. What is the legal position of the Bank:
a) Bank is not liable as he has acknowledged.
b) Bank will be responsible since signature is not tallied.
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UNION BANK OF INDIA :: STAFF COLLEGE:: BENGALURU
c) Bank will be responsible unless otherwise R.O, agreed.
d) None.
47 Which of the following can purchase NPA?
a) ARC b) Banks c) Financial institutions d) NBFC e) All of the above
57 Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) is a
government company licensed under section 25 of the Companies Act 1956, has been incorporated
to operate and maintain the Central Registry under the provisions of
a) SARFAESI Act 2002 b) BR Act 1949, c) RBI Act, 1934 d) AML Act, 2002 e) none
58 With a view to promote financial inclusion, RBI has introduced a new type of simple account aimed
at general masses i.e Small A/c.
a) The aggregate of all credits in a financial year does not exceed Rs.1 lac;
b) The aggregate of all withdrawals and transfers in a month does not exceed Rs.10,000;
A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 37
UNION BANK OF INDIA :: STAFF COLLEGE:: BENGALURU
c) The balance at any point of time does not exceed Rs 50,000/-.
d) all the above
e) none
59 Whether a Private Ltd Co. can be a partner in a
partnership firm:
a) No, not allowed under Indian Companies Act
b) Yes, if permitted by Article of association
c) As per Supreme Court ruling they cannot be partners
d) No, only Public Ltd Cos. can be partners.
67 What is the minimum education qualification required for an entrepreneur for a manufacturing
project of Rs.10 Lakhs to be considered under
PMEGP?
a) No educational qualification required b) 10th c) 8th d) Degree e) Intermediate.
70 There is no specified ceiling on persons holding shares in a banking company under the Banking
Regulation Act. However, under Section 12 (2) of Banking Regulation Act, there are certain
restrictions on voting rights of shareholders. The voting rights of no one person shall not be in
excess of ____ % of the total voting rights of all the shareholders of the Banking Company.
a) 10% b) 15% c) 20% d) 25% e) None
1 A 11 C 21 D 31 A 41 A 51 61 A
2 C 12 C 22 C 32 D 42 B 52 62 D
3 D 13 B 23 A 33 A 43 D 53 63 B
4 D 14 D 24 E 34 C 44 A 54 B 64 A
5 D 15 C 25 A 35 D 45 E 55 B 65 A
6 D 16 C 26 D 36 E 46 A 56 C 66 A
7 D 17 C 27 D 37 A 47 E 57 A 67 A
8 C 18 B 28 C 38 D 48 A 58 D 68 A
9 E 19 A 29 C 39 A 49 E 59 B 69 B
10 D 20 A 30 E 40 B 50 A 60 B 70 A
a) Mortgage deed
b) Sale deed of immovable property
d) Guarantee deed
e) a to c
Mortgage deed b) Pledge agreement c) Hypothecation agreement d) all the above e) None
10 M/s ABC Bank had granted a term loan of Rs.20 lac to M/s Prakash chand Society ltd., which is
not being repaid. The Company is not signing the balance confirmation letter despite the fact
that it has been sent three times. Bank sends a legal notice for repayment of the loan which
shows balance of Rs.27 lac now, Company confronts banks claim of Rs.27 lac by way of a
letter stating that they have already paid Rs.5 lac due to which the amount should be Rs.15 lac
only:
a) The letter will serve the purpose of acknowledgement letter and extend the limitation
period.
b) The letter could extend limitation if it were duly stamped.
c) The letter is not an acknowledgment it is only a denial of banks claim.
12 By following which of the following methods, the limitation period of a document about to
become time barred, could be extended?
13 Your branch had granted an overdraft to Mr. Ravi Kumar on the basis of demand promissory
note on July 12th, 2009. Which among the following is the last day for the bank to file a case in
a court of law to recover its money, in case Ravi Kumar is not above to pay the dues?
a) 16 b) 17 c) 18 d) 19 e) 20
15 Mr. Ram got Rs.10000/- by way of a loan from Mr. Gopal. The document dated 12.10.1993 and
issued a cheque dated 14.10.1993 towards the release of the loan. This cheque is encashed on
16.10.1993. This document become time barred after.
e) none
a) 3 yrs, b) 12 yrs from date of mortgage deed c) 3 yrs from mortgage deed d) all
A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 41
UNION BANK OF INDIA :: STAFF COLLEGE:: BENGALURU
of the above e) None
18 The last date by which a suit can be filed on the basis of DPN dated 05.03.2009 is:
a) Yes, a time barred debt can be revived as per U/s.25(3) Indian Contact act, 1872.
b) It cannot be revived.
c) By obtaining a part payment we can revive.
d) All the above.
e) none
21 The Mortgage has been defined U/s.______of Transfer of Property Act 1882?
57 b) 58 c) 59 d) 60 e) 31
22 Mumbai Branch of the United Bank ltd proposes to sanction working capital limits to a Public
Ltd Company. The collateral security in the account is equitable mortgage of the immovable
property of the director of a company located in Ahmedabad. Where should the company get
the charge registered for the mortgage?
a) Simple mortgage
b) Usufructuary Mortgage
c) English Mortgage
d) Mortgage by Conditional Sale
e) No such type of mortgage
24 ABC Bank ltd had granted a loan of Rs.10 lac under its Housing finance scheme for construction
of a house to Mr.Ghosh by Mortgage of House. On repayment of the loan the bank had shown
its inability to release the mortgage. Under which of the following rights Mr. Ghosh can force
the bank to release the mortgaged property?
a) Right of appropriation
b) Right of set off
c) Right of subrogation
d) Right of foreclosure
a) Right of redemption
a) Floating charge
26 Which of the following mortgage is not required to be registered with Registrar of Assurances?
a) Equitable Mortgage
b) Simple Mortgage
c) Usufructuary Mort
d) Mort by Conditional sale.
e) All the above.
27 A borrowing customer of you wants to create equitable mortgage in favour of the bank. Which
of the following is not true in case of an equitable mortgage?
a) Revival letter
b) B) acknowledgement of debt
c) Endorsement on the back of the mortgage deed
d) Any one of the above
e) Fresh registration is a must
a) U/s.173, to keep the goods in possession for the payment of principal, interest and
maintenance expenses.
b) Us.174 to retain possession of goods for the loan and not for any other loan in general if
there is no contract to the contrary.
c) If a pledgee incurs extraordinary expenses for the protection of the goods, he is entitled
to recover such expenses.
d) All the above.
e) None.
34 Where the goods under pledge are in the possession of the bank and possession is demanded
by the Govt. for recovery of Taxes:
a) An instrument in writing under which either goods or documents of title to goods are
handed over to the borrower in trust.
b) An instrument under which the borrower keeps the possession f goods or document t
of title to goods for and on behalf of the creditor in a trust.
c) An instrument under which pledge is effective even after the delivery of the goods.
d) All the above.
e) None.
36 Hypothecation is defined in:
a) Indian Contract Act, 1872 b) TP Act, 1882 c) N.I. Act, 1881 d) SARFAESI Act,2002
e)None
37 The baileee in case of pledge of goods is knows as ______ under the provisions of Sec.172 of
Indian Contract Act, 1872.
a) pledgee b) bailee c) pawnee d) assignee e) mortgage.
38 If the pledgee wants to sell the goods according to the provisions of Sec.176:
a) the pledgee has to give a reasonable notice to this effect to the pledger.
b) The notice is not necessary.
c) When the news of auction will spread, the pledger will also come to know.
d) All the above
e) None.
39 . What is the maximum insurance cover for DICGC deposit insurance per depositor per bank.
Also, the payment of premium for 2nd half year, would be made on the basis of deposit as on
____:
a) 2 lac, 31st Mar b) 1 lac, 30th Sep c) 2 lac, 30, Sep d) 1 lac, 31st Mar e) None
a) can get the funds for his use b) obtain funds officially and can donate to any one
c) holds the money in trust for legal heirs d) No eligible to take e) None
44 If a document has to be executed in different States and it attracts stamp duty as per State
Stamp Act:
46 Mr. Ram issued two cash receipts of Rs.1200 and Rs.7500/-. On these the stamp duty payable
is:
d) a & b e) none.
48 Usance bill drawn in favour of bank is exempted from stamp duty where the tenor of the bill
does not exceed__________months:
49 A Power of Attorney executed by an NRI in favour of his mother for obtaining payment from
the deceased account in the name of his father, has been received. This requires to be
stamped as per rates prescribed by _____, within a period of ______.
a) Central govt, 4 months. b) Central Govt,3 months, c) State Got, 4 months d) State govt,
3 month e) None
2 C 12 E 22 E 32 D 42 C
3 C 13 D 23 B 33 D 43 C
4 D 14 C 24 E 34 B 44 E
5 A 15 A 25 C 35 D 45 D
6 D 16 A 26 A 36 D 46 C
7 C 17 B 27 D 37 C 47 D
8 D 18 C 28 C 38 A 48 D
9 A 19 B 29 B 39 B 49 D
10 A 20 A 30 C 40 C 50 A
2 The existing SJSRY (Swaarna Jayanti Shahari Rozgar Yojana was restructured as NATIONAL URBAN
LIVELIHOOD MISSION (NULM) w.e.f. 24thSept, 2013.
a) National Rural Livelihood Mission
b) Sarna Jayanti Jan Dhan Yojna
c) National Urban Livelihood Mission
d) National Mission Urban Poor Integration Scheme
3 Export Credit can be classified as Priority sector up to incremental export credit over corresponding date
of the preceding year, up to 2% of ANBC or credit Equivlent amount of Off balance sheet exposure,
whichever is higher, effective from April 1, 2015 subject to a sanctioned limit of Rs.______Crore per
borrower to units having turnover of up to Rs.______Crores.
a) 5, 50 b) 10, 50 c) 15, 100 d) 25, 1000 e) 25, 100
4 Modified Tractor Scheme which is correct?
2. 3 Acre perennially irrigated land eligible for Tractor finance.
3. Sanctioning Authority rests with Branch Head if marging offered is more than 30% and if less
than 30% then sanctioning authority rests with Regional Head.
4. Concession in Rate of Interest f rom 0.75% to 1.50%
5. Margin of 25% is stipulated on 2nd Tractor loan (after disposal of 1st tractor)
6. All the above
5 RBI has advised banks to reimburse to customers the amount wrongfully debited within a
maximum period of ______from the date of receipt of customer complaints.
a) 12 days b) 10 days c) 15 days d) One month e) 7 days.
6 Reserve Bank of India has now permitted banks to issue guarantees for period beyond______
a) 7 years b) 10 years c) 15 years d) 20 years e) None
7 The maximum distance criterion for business correspondent for rural, semi-urban and urban
areas is increased from 15 km to ______for deeper penetration of banking services.
a) 20 km b) 25 km c) 30 km d) 35 km e) 50 km
19 The ceiling for referring cases for recovery to Lok Adalat is Rs._______
a) Rs.10 lacs b) 12 lacs c) RS.15 lacs d) Rs.20 lacs e) Rs.7.50 lacs
20 The maximum amount of Credit granted under Laghu Udhayami Card Scheme is Rs. _____and
the validity period of Card is ______years.
a) Rs.10 lacs & 3 b) Rs.5 lacs & 3 c) Rs.2 lacs & 3 d) Rs.50000 & 3 e) None
21 The lock in period has been reduced to _______months by CGTMSE.
a) 36 months b) Rs.24 months c) 18 months d) 12 months e) None
22 Bearer Demand Draft, Promissory note and Bill of Exchange cannot be issued by Commercial
banks under Sec_________
a) 85 NI Act b) 31 RBI Act c) 42 BR Act d) Customs and Usage e) 31 of NI Act.
23 For an unsecured Sub-Standard a/c, provision required to be is ________%
a) 10 b) 15 c) 30 d) 25 e) 50
24 Banks will accept the following document for Identity purpose under KYC norms.
a) Passport, PAN Card. b) Driving Licence c) Job Card issued under MG-NREG d) a & b
e) a,b, & c
25 Which of the following is a situation of negative net working capital
a).Current assets are more than Current liabilities
b). Current liabilities are more than current asset
c). Net-worth is more than intangible assets
d). Fixed assets are more than net worth
26 Lok Adalats are constituted under:
35 What is the extent of punishment and monetary penalty for payment interest and principal of
Rs.20000/- and above in cash in case of FDR.
a) Penalty equal amount so paid and imprisonment for 1 year.
b) Imprisonment for 1 year
c) Only penalty equal amount of deposit so paid .
d) Double the amount so paid.
e) None
36 Banks proposing to enter into Insurance business should have Net Worth of Rs._________
a) 200 crores b) 250 crores c) 300 Crores d) 100 crores e) 500 crores
38 The formula for doubling of the amount after specific period will be:
a) 0.5+ 59/rate b) 0.35+69/rate c) 0.36+56/rate d) 0.36+69/rate e) None
39 CGTMSE Guarantee cover for Working Capital loan is available for a maximum period of :
a) 3 years b) 2 years c) As long as continues the a/c d) 5 years e) None
43 What is the name of the Organization which was formed to manage the operations of Retail
payments and settlement in India at present?
a) RBI b) NPCI c) IBA d) FIMMDA e) none
44 Imprisonment under section 138 of NI Act is upto_______years.
a) 2 b) 1 c) 3 d) 5 e) None
45 In a joint Union Green Card account to cover the name of 2 nd person in the Insurance scheme
available _________% extra premium to be paid by the borrower.
a) 25 b) 50 c) 75 d) 100 e) Not necessary
46 Who cannot become a partner in a partnership as per Supreme Court judgment?
a) HUF as it is not a legal entity and it cannot be created by acts of parties.
b) Married women c) Blind persons d) All of them e) None.
47 Minimum CRR that can be prescribed by RBI to Banks at present is?
a) 3% b) 5% c) No such limit d) 15% e) 6%
48 Reply is required to be given under Right to information Act in maximum within___ days. Who
can seek information:
a). 10 days, any person residing in India
b). 15 days, any person
c). 20 days, resident Indian,
d). 30 days, Citizen of India
49 If Cash shortage is more than Rs._____and not reported by cashier, but detected by
Management / Inspecting Officer will be treated as fraud:
a) 1000/- b) 5000 c) 10000 d) 15000 e) No such limit
50 The rate of interest to be paid by RBI on the balances of CRR is..% ?
a) 3% b) Bank rate c) Repo rate + 2% d) NIL e) 5%
ANSWER SHEET :: TEST BOOKLET NO.BSN1960108
1 C 11 B 21 C 31 C 41 B
2 C 12 A 22 B 32 E 42 D
3 E 13 D 23 D 33 A 43 B
4 D 14 C 24 E 34 D 44 A
5 E 15 A 25 B 35 C 45 A
6 B 16 D 26 A 36 E 46 A
7 C 17 C 27 B 37 D 47 C
8 B 18 C 28 A 38 B 48 D
9 B 19 D 29 D 39 D 49 B
10 D 20 A 30 B 40 E 50 D
5 All Companies with turnover of Rs.1000 Crores and more, or a Net Worth of Rs.500
Crores and more or Net Profit of Rs.5 Crore and more will have to spend at least
________% of their three year average profit every year on Corporate Social
Responsibility.
a) 1 b) 2 c) 3 d) 4 e) 5
6 An account of a Indian Bank maintained with Bank of America in Washington is
called_________a/c.
a) Nostro a/c b) Vostro A/c c) Loro account d) Current a/c e) None.
7 A, B, C are 3 partners sharing profits in 4:3:2, D is admitted for 1/3 rd share of profits. Now
new ratio is
a) 4:3:2:1 b) 8:6:4:9 c) 5:3:3:2 d) 9:5:3:2 e) None
8 Maximum period up to which Exporter is provided advance against Post shipment Duty
Drawback scheme?
a) 90 days b) 180 days c) 360 days d) 365 days e) No limit
9 What is the maximum period available for realization of export proceeds in normal case?
a) 6 months b) 9 months c) 12 months d) 15 months e) 24 months
10 What is the Normal Transit Period [NTP] for all bills in Foreign Currency is _______days.
a) 20 b) 25 c) 30 d) 45 e) 10
11 The bank transaction time at RTGS is ______ on a normal day:
a) 9 AM to 6: PM b) 9 AM to 6:30 PM c) 9 AM to 3 PM d) 9 AM to 4 PM
12 Who will announce the Foreign Trade Policy in India?
a) RBI b) IBA c) Finance Ministry d) Commerce Ministry e) DGFT
13 Under CTS-2010 Standard all cheques shall bear a water mark with the words
a) UBS-INDIA b) IBA-INDIA c) FIU-INDIA d) CTS-INDIA e) no change.
14 Under UCPDC-600, a bill is to be drawn in the beginning of the month under LC. What does it
means:
a) On Ist of month b) Ist to 10th of month c) Ist to 7th of month d) Ist to 15th e)
None
15 Bill of lading to be submitted within 21 days , if date of shipment is 28 th Sept, 08 documents to
43 Under the Scheme of JOINT LIABILITY GROUPS a maximum loan of Rs._____per member can
be sanctioned?
a) Rs.10000 b) Rs.25000 c) Rs.50000 d) Rs.100000 e) Rs. 200000
44 Maximum loan amount of Rs______lakhs that can be sanctioned under Union Home in
Mumbai, Delhi, Kolkata, Chennai, Bangalore and Ahmedabad?
a) 100 b) 150 c) 200 d) 250 e) No such limit
45 Maximum repayment period under Union Home should not exceed ______years (including
moratorium) for construction / purchase of house / flat and ______years for Repairs.
a) 15, 5 b) 30, 10 c) 20, 8 d) 20, 10 e) 25, 15
46 Interest concession of ______% is available to the educational loan borrowers if the interest is
being serviced regularly during the course / moratorium period.
a) 0.50 b) 0.75 c) 1.00 d) 0.25 e) No concession during moratorium
47 Maximum tenure of loan under Union Reverse Mortgage scheme is ______years.
a) 5 b) 10 c) 12 d) 15 e) 20
48 RBI directs all banks to adopt the BASE RATE system in place of BPLR w.e.f.____________
20 Adjusted Net Bank Credit will be calculated for priority sector purpose as?
a) NBC- Non SLR bonds in HTM category
b) NBC + Non SLR bonds in HTM category
c) NBC + FCNR and NRNR deposits
d) NBC FCNR & NRNR deposits
e) None.
21 Rural Infrastructure Development Fund (RIDF) will be maintained by________
a) RBI b) SIDBI c) NABARD d) FRC e) PFDRA
22 A MINIMUM Deposit of Rs.500/- and a maximum deposit of Rs.________ can be done in Public
Provident Fund.
a) 50000 b) 1500000 c) 70000 d) 500000 e) 1700000
23 Maximum of loan of Rs.______lakhs that can be given for a Four Wheeler new vehicle in our
Bank?
a) 10 b) 20 c) 30 d) 75 e) 50
24 As per guidelines on introduction & KYC compliance all new accounts will have a cooling period
of _____days during which only limited cash in and out transactions will be allowed, no intersol
transaction/alternate delivery channels will be operationalised, and ATM card also not activated
during this period.
a) 3 b) 5 c) 6 d) 7 e) 15
25 Banks maintain secrecy of accounts of their customers as a result of which of the following:
a). as per provisions of NI Act
b). as per provisions of Banking Regulation Act
c). as per contractual obligation under implied contract
d). as per prevailing practices among banks
e). as per provisions of RBI Act
26 1. A firm has been sanctioned Cash Credit limit of Rs.5 lac. The value of stocks with the firm
42 Under which section of Banking Regulation Act 1949, every banking company has to submit
annual statement of all those accounts which are lying under in-operative category for the last
10 years (called unclaimed deposits) to RBI:
a) 27 b) 26 c) 19(2) d) 42 e) 12.
43 U/s 26 of Negotiable Instruments Act:
a): A minor can not draw promissory note or a cheque.
b): A minor who has been admitted to a partnership firm can draw a cheque .
c): A minor can draw, accept, endorse and negotiate bills of exchange, promissory note or
cheque binding all parties except himself.
d): a minor can be held liable for the bill of exchange he has accepted
e): None of the above.
44 An attachment order of Rs.80000 on a partnership firm is received, whose current a/c shows a
balance of Rs.8000. The individual accounts of the partners A, B and C are showing credit
balance of Rs.40000, Rs.34000 and Rs.2500 respectively. To meet the payment stated in the
order, how much amount will be payable from As account ?
a) Rs.32500 b)Rs. 35500 c) Rs.37500 d) Rs.400000 e) Rs.39500
45 Universal Bank is approached by Sameer, a 17 old boy with his PAN card and other necessary
information for opening a current account. He is having substantial investments in shares and
receives regular dividend. His father has recently expired and his fathers investment will also be
transferred in his name in future:
a). the account cannot be opened as it exposes the bank to undue risk
b). the account cannot be opened as it is for share transactions
c). the current account can be opened by the minor as he can draw, negotiate and give valid
discharge
d). the current account can be opened by Sameer alongwith his mother, if she is willing to do
the same
e). none of the above
46 Modern Bank had granted a term loan for purchase of a car to Mr. Ramesh Chander which has
become time barred debt last month. A letter written 8 months back, by Mr. Ramesh Chander
to his friend Mr. Satish Kumar falls in the hands of the bank in which he had requested Mr.
Satish Kumar to give him certain funds as he has to repay the above stated loan of the bank.
a). the letter can be treated as acknowledgement of debt if particulars of the loan match with
those given in the letter which would extend the limitation period
b). the letter can not be used for the purpose of the limitation period as it is not stamped
c). the letter can not be used for limitation purpose as it is not addressed to the bank
d). the letter can be used for limitation period but it is not stamped adequately
e). all the above
47 New Delhi branch of XYZ Bank issued a fixed deposit of Rs.3 lac for 5 years in the name of Mr.
Khandelwal who raises a loan of Rs.50000 against the FDR with a view to meet exigencies at a
later stage. He comes for addition of the name of his son, as he is not keeping good health for
few months.
a). the request of the depositor will be accepted being a genuine reason
b). the request will be accepted since the addition is for the his sons name
c). the request will be accepted since the FDR is to mature after long time
d). the request cannot be accepted till the loan is outstanding
e). any of the above
48 In an HUF, there is one male major member having two minor sons. After his death who will
A Collection & Compilation by BS NARAYANMURTY, Chief Manager[Faculty-HR], Staff College, Bengaluru 59
UNION BANK OF INDIA :: STAFF COLLEGE:: BENGALURU
function on behalf of the Karta of HUF:
a): Eldest son
b): Youngest son
c): Natural guardian of the eldest son
d): guardian of the eldest appointed by court if there is no natural guardian
e): c and d
49 A, a customer has a saving bank account and her husband had withdrawn the money from the
bank on the basis of forged cheques at various occasions but the customer did not object to it.
After his death, she comes to bank and demands the money:
a): Bank would refer the matter to the court
b): Bank is liable on forged cheques
c): The bank is negligent but not liable, as the customer is party to the forgery and did not
inform the bank in time
d): loss shall be borne in the ratio of 50:50 by the bank and the customer
e): None of the above
50 If a minor admitted to a partnership firm for benefits becomes major and does not offer any
declaration about either becoming the partner of the firm or about intention to leave the firm as
a partner within 6 months of the date on which he became major or within 6 months of the date
when he first got information about his status as beneficiary of the firm:
a): It will be presumed that he is a partner
b): It will be presumed that he is not a partner
c): It will be presumed that his intention is not to become a partner
d): b and c
e): None of the above
4 What is the daily transaction limit under Mobile Banking in Application bases system?
a. Rs.5000 b) Rs.50000 c) Rs.100000 d) Rs.200000 e) Rs.10000
5 As per revised guidelines bank loans up to a limit of Rs._____Crore per borrower for building
social infrastructure for activities namely schools, health care facilities, drinking water facilities
and sanitation facilities in Tier II to Tier VI centres.
a) 2 b) 5 c) 10 d) 25 e) 100
6 Abbreviate ANBC ?
a) Annual net bank credit (b) Adjusted New Bank credit (c) Adjusted Net Bond credit.
(d)Adjusted Net Bank Credit (e) None.
7 What is the base for calculating Priority Sector Advances as per New RBI guidelines.?
a). 40% of ANBC or Credit equivalent of the Off-balance exposure whichever is higher.
b). 60% of ANBC or Credit equivalent of the Off-balance exposure whichever is higher
c). 32% of ANBC or Credit equivalent of the Off-balance exposure whichever is higher
d). 18% of ANBC or Credit equivalent of the Off-balance exposure whichever is higher (e)
None.
9 Bank loans up to a limit of Rs._______Crore to borrowers for purposes like solar based power
generators, biomass based power generators, wind mills, micro-hydel plants and for non-
conventional energy based public utilities viz street lighting systems and remote village
electrification.
a) 1 b) 2 c) 5 d) 10 e) 15
11 Finance under SGSY Scheme no collateral security and / or third party guarantee should be
taken for loans to individuals up to Rs.__________and to Groups up to Rs._______lacs.
12 Requirement of no due certificate has been dispensed with for loans up to Rs.50,000 taken by
the small and marginal farmers, share croppers and loan can be sanctioned on the strength of
a self declaration from the borrower. This direction from RBI as per the following committee
recommendations.
a) S.C. Gupta committee (b) C.P. Swarnakar committee (c) S,C. Johl Committee
(d) C.S. Murthy (e) Dr.P. Radhakrishnan.
13 As per the Lead Bank Management system once in every quarter BLBC (Block Level Bankers
Committee) meeting will take place. In such meeting who will chair the meeting?
a) Block Development Officer (b) Dist Collector (c) Technical/Agril extension officer
(d) The Lead District Manager (e) None.
14 Prime Minister Rozgar Yojana (PMRY) Scheme has been withdrawn by Govt of India and it was
replaced by another scheme named________w.e.f. Ist April, 2008.
a) Prime Ministers Employment Generation Programme.
b) Prime Ministers Employment Guarantee Programme.
c) Prime Ministers Effective Employment Guarantee Programme.
d) Micro, Small & Medium Enterprises schemes. E) None
15 Under the New PMEGP scheme the maximum project cost permitted in case of manufacturing
activities is RS._______lac while that for service and business activities it is Rs.______lac.
a) Rs.5 lac Rs.10 lac (b) Rs.1 lac 7 Rs.2 lac (c) Rs.2 lac & Rs.5 lac (d) Rs.25 lac & Rs.10 lac (e)
None.
18 Farmer should be in a position to utilize the tractor and power tiller for at least _____hours and
______hours respectively either in his own farm or on hire for taking a Tractor/power tiller loan
from a bank
a) 750 & 250 (b) 1000 & 500 (c) 1000 & 600 (d) 1200 & 750 (e) None
21 In case of Broiler birds, the economic life of the broiler bird is___________.
26 The Gas produced in Bio-gas plant which is used for cooling is ________________.
a) Ethane (b) Methane (c) Butane (d) Carbon Monoxide (e) NOA
27 The maximum amount of the project cost for a project to be started by an individual under
Agri Clinic scheme is Rs.________
a) Rs.10 lac (b) RS.50 lac (c) Rs. 25 lac (d) 20 lac (e) Rs.5 lacs
28 In case of an Agriclinic and agro business centre scheme, started by a group of five or more
persons with one trained agriculture graduate and other non-trained graduation the maximum
project cost allowed is Rs._________.
a) Rs.10 lac (b) Rs.50 lac (c) Rs.25 lac (d) RS.20 lac (e) Rs. 5 lacs
29 In case of NABARD, Automatic refinance for farm sector is not available if the loan amount
exceeds Rs.________lacs.
a) 15 (b) 25 (c) 50 (d) 100 (e) No such limit.
31 Under the JLG finance minimum members of JLG is ______and maximum loan of Rs. ______can
be sanctioned to a JLG member.
a) 4 & Rs.25000 (b) 5 & Rs.50000 (c) 4 & Rs.50000 (d) 5 & Rs.25000 (e) 10 & Rs.5000
32 Debts up to amount of Rs._____lacs can be referred to Lok Adalats which were established
under Legal Services Authorities Act, in Oct, 1987.
a) 5 (b) 10 (c) 15 (d) 20 (e) 25
33 Loans given for repairs to the damaged dwelling units of facilities up to Rs._____lac in Rural and
Semi urban areas and up to Rs._____lac in Urban and Metropolitan areas are considered as
Priority sector advances.
a) 2 & 5 (b) 1 & 2 (c) 5 & 10 (d) 2.5 & 5 (e) None.
34 A Cheque dated 31.11.2008 presented for payment on 30.11.2008, what the banker do?
a) Return the cheque as it is post dated cheque
(b) Return as fictitious date.
(c) Refer RO
35 No stamp duty need be paid for usuance bills up to a usance of_____days which are routed
Through a bank.
a) 45 (b) 60 (c) 90 (d) 120 (e) 180
36 Registered Mortgage was executed on 08.11.2007. Equitable mortgage was created by Deposit
of title deed on 10.11.2007. Thereafter, Registered Mortgage was registered with Registrar of
Assurances on 01.12.2007. Which Mortgage will have priority?
Equitable Mortgage
(b) Registered Mortgage
(c) Regd Mortgage do not give any effect as equitable mortgage is powerful
(d) a & c e) None.
37 A Bill of exchange bears across its face two parallel lines with Account Payee only, what type of
crossing it is.
a) General Crossing (b) Special Crossing (c) Not negotiable crossing (d) b & c (e) None.
38 All partners are Jointly and severally liable for all debts of the firm. That means their liability
is unlimited. This was incorporated under Section_______of Indian Partnership Act, 1932.
a) 25 (b) 18 (c) 19 (d) 19 (2) (e) None.
39 In case of Standard Assets the general provision to be made against the total outstanding of
Agricultural loans and loans to SME sector is _______%.
a) 1 (b) 0.25 (c) 0.40 (d) Nil (e) None of these.
40 As per Prudential norms, the Non performing assets are classified into____categories.
a) 4 (b) 2 (c) 3 (d) 5 (e) None
46 Mr. Dharam Singh executed a DP Note for Rs.25000/- on 05.03.2009. The last date by which a
suit can be filed on the basis of this DP Note if Mr. Dharam Singh fails to repay the loan, would
be on or before..
a) 05.03.13 (b) 04.05.12 (c) 06.03.12 (d) 05.03.12 e) None
48 What is the Minimum amount of loans that come under the jurisdiction of Debt Recovery
Tribunal?
a) Rs.5 lac (b) Rs.10 lac (c) Rs.15 lac (d) Rs.20 lac (e) Rs.25 lac
49 The Notice for taking possession of property to be issued under the SARFAESI Act is to be signee
by__________________
a) Br Manager (b) Regional Manager (c) Law Officer (d) Authorized Officer (e) None
50 In case of loans under Consumer segment the sanctioning authority has to draw credit
information report from CIBIL , if the advance amount exceeds RS.______
a) 1 lac and & above (b) 2 lac & above 9c) 5 lacs & above (d) 10 lac & above (e) None.
1 d 11 d 21 c 31 c 41 b
2 c 12 b 22 b 32 d 42 d
3 c 13 d 23 d 33 a 43 a
4 d 14 a 24 c 34 d 44 a
5 b 15 d 25 c 35 c 45 d
6 d 16 c 26 b 36 b 46 d
7 a 17 d 27 a 37 e 47 d
8 c 18 c 28 b 38 a 48 b
9 e 19 c 29 e 39 b 49 d
10 a 20 e 30 d 40 c 50 e