1. The Share capital of the Reserve Bank of India is: Rs 5 crores / Rs 50 crores/ Rs 100 crores./Answer is : Rs 100 crores.

2. Exchange Control in our country was introduced on_______ 16 th Aug 1947/1st April 1935/ 3 rd Sept 1939/1 st Jan 1949

Answer is :16th Aug 1947

3. Foreign Exchange Regulation Act was first indroduced in the year________ 1947/ 1948/ 1950/ 1956./Answer is : 1947

4. Rural Financing Agencies Cooperative Banks/ Land Development Banks Regional Rural Banks/ National Bank for Agriculture and Rural Development/Answer is : Cooperative Banks

5. The dimensions of the rural development are: Economic/ Social/ Technological/ All the above

Answer is : All the above

6. Development can always be measured. yes/ No/Answer is : No

7. Literacy rate of India increased to…% in 1991. 30/ 40/ 80/ 52

Answer is : 52

8. The workforce engaged in a agriculture has_________between 1972-73 and 1993-94. Increased/ Decreased/ Constant

Answer is : Decreased

9. After banks financing in the rural areas money lenders have vanished. Yes/ No/Answer is : No

10. First Five Year Plan started in: 1969/ 1947/ 1951/ 1991

Answer is : 1951

11. The Committee to study the problems of Multi-Agency Approach was headed by: . Pt. Jawahar Lal Nehru/ . Vallabh Bhai Patel M.L. Dantwala/ . C.E. Kamath

Answer is : M.L. Dantwala

12. No. of Bank branches in India are now about___ 30000/ 50000/ 64000/ 100000

Answer is : 64000

13. Blue Revolution means_____ Growing Neel plant for colour Goat rearing for meat and milk Fisheries/ Silk worm production

Answer is : Fisheries

14. National Income is the estimates of Taxes collected all over the country. Foodgrains production of the countryc. Current production of goods and services by the nations' economy All the above

Answer is : Current production of goods and services by the nations' economy

15. The concept of social banking was introduced in India in. 1947/ 1950/ 1968/ 1975

Answer is : 1968

16. When was Lead Bank Scheme was introduced in our country 1947/ 1950/ 1969/ 1991Answer is : 1969

17. Service Area Approach was introduced on the recommendations of: . Sri.P.D. Ojha/ . Sri D.R. Mehta Sri M.L. Dantwala/ Sri Narsimhan

Answer is : Sri M.L. Dantwala

18. Swarn Jaywanti Shahri Rozgar Yojana replaces the following scheme/s SUME/ PMI-UPEP Urban Basic Services for the poor all the above/Answer is : SUME

19. There are 4 members within the age of 20 to 45 years in a scavanger family. How manyPersons in the family are eligible for the loan under SLRS 1/ 2/ all the 4/ None

Answer is : all the 4

20. Following are eligible for loan under IRDP All Persons living below poverty line in rural area. Persons living below poverty line in rural area. Persons in urban areas All the above

Answer is : All Persons living below poverty line in rural area.

21. The maximum subsidy eligible for a group under DWCUA is: Rs 4000/ Rs 5000/ Rs 6000/ Rs 125000

Answer is : Rs 125000

22. The maximum project cost eligible under SJSRY is: Rs 1,00,000/ Rs 50,000/ Rs 25000/ no limit

Answer is : Rs 50,000

23. The age limit under PMRY IS…..years. 15-20/ 18-25 20-30/ No age limit fixed

Answer is : 18-25

24. The margin to be brought in under PMRY is 5%/ 15%/ 10%/ No margin

Answer is : 5%

25. The development programme began in our country with the launch of: Community Development Programme. Integrated Rural Development Programme. Small Farmers Development Agency. Intensive Agriculture Area Programme.

Answer is : Community Development Programme.

26. Panchayati Raj is a___________ structure: 4 tier/ 3 tier/ 2 tier/ 5tier

Answer is : 2 tier

27. Command Area Development Programme related to . Desert development Hill area development Livestock development Irrigation development

Answer is : Livestock development

28. 20-Point Programme was modified: Once/ Twice/ Thrice/ 4 times

Answer is : Twice

29. Desert Development covers the following areas: Rajasthan/ Gujarat Jammu and Kashmir/ All the above

Answer is : All the above

30. TRYEM relates to . Agricultural production/ Irrigation Self-employment/ All

Answer is : Self-employment

31. Integrated Rural development Programme was extended to all the blocks in the countryIn the year: 1947/ 1952/ 1978/ 1980

Answer is : 1980

32. Advances Under Differential Rate of Interest Scheme should be at least 1% of the total advances outstading at the end of the current year. 1% of the total advances outstanding at the end of the last year. 1% of the total Priority Sector Advances. None of the above.

Answer is : 1% of the total advances outstanding at the end of the last year.

33. Which of the following scheme is not covered under Weaker section. . IRDP/ SUME/ DRI/ PMRY

Answer is : PMRY

34. The minimum percentage of Priority Sector advances to be maintained by foreign banks In India. 40% / . 22% / 18%/ 32%

Answer is : 32%

35. What percentage of DRI advances should be routed through rural and semi urban branches 100%/ 75% / . 90%/ 66.6%

Answer is : 66.6%

36. Percentage of priority sector advances to be maintained by the banks is 20%/ 40%/ 33%/ 18%/Answer is : 33%

37. Advance to a fertilizer dealer is a……..advance. . Direct Agriculture/ Weaker section Indirect Agriculture/ . None of the above

Answer is : . Direct Agriculture

38. Security to be taken for a crop loan of Rs 8,000. . Hypothecation of crops/ Gurantee mortgage of land/ mortgage of land Hypothecation and personal gurantee.

Answer is : . Hypothecation of crops

39. Loan to a small farmer for the purchase of a cow is covered uner Agricultural Advance Priority sector advance . weaker section advance All the above

Answer is : Agricultural Advance

40. Loan for fish rearing is_________advance direct Agriculture indirect agriculture None of the two.

Answer is : direct Agriculture

41. Margin to be taken for a dairy loan of Rs 9,000 in case subsidy is available under IRDP . Nil/ 10%/ 30%/ 15%to30%

Answer is : . Nil

42. A unit to be classified as Small Scale Business and Service Establishments, the conditionsTo be observed are Land and building cost are not considered for fixed assets limit. Investment in fixed assets not to exceed Rs 5 lakhs It should be related to service related business only. All the above.

Answer is : Investment in fixed assets not to exceed Rs 5 lakhs

43. For the manufacture in SSI sector_________items are exclusively reserved. . 986/ . 836 / No reservation after liberalization . None of the above.

Answer is : . 836

44. The recommendations of P.R. Nayak Committee regarding flow of credit to SSI contain Inter alia- No method of lending and inventory norms are applicable. Applicable to SSI units enjoying working capital limit up to Rs 60 lakh The quantum of W.C. limit is estimated at 20% of the projected turn over accepted by the bank subject to the borrower bringing 5% margin for W.C All the above.

Answer is : The quantum of W.C. limit is estimated at 20% of the projected turn over accepted by the bank subject to the borrower bringing 5% margin for W.C

45. For Limited Companies, the investment would need to be clubbed provided. The managing director of the one company is the M.D. of other company For the equity holding limit of 24%, the amount of holding held by technical director to be excluded. The equity holding of majority of directors of one company exceeds 24% equity in the other company. All the above

Answer is : For the equity holding limit of 24%, the amount of holding held by technical director to be excluded.

46. The equity holding of majority of directors of one company exceeds 24% equity in the other company. The managing director of the one company is the M.D. of other company For the equity holding limit of 24%, the amount of holding held by technical director to be excluded. The equity holding of majority of directors of one company exceeds 24% equity in the other company. All the above.

Answer is : For the equity holding limit of 24%, the amount of holding held by technical director to be excluded.

47. Maximum loan amount that can be granted under Village and Cottage Industries is Rs….. 50000 / 1.0 lakh/ . 25000/ 5.0 lakhs

Answer is : 50000

48. Following activities can be financed under SSSBE weight bridges/ X-Ray clinic Computerised design and drafting all the above./Answer is : all the above.

49. Tiny Industries are those having investment in plant and machineries Rs……. . 25,000/ 250000/ 25lakh/ 5.0 lakh

Answer is : 25lakh

50. By Net Working Capital/Margin, we mean . Money invested by the borrower Bank loan/ Subsidy from Government All the above./

Answer is : . Money invested by the borrower

51. The maximum loan that can be granted to a private retail trader dealing in non essential Commodities. . 5 lakh/ 2 laks/ . No limit/ 10 lakh

Answer is : 2 laks

52. Motor vehicle can be financed to the following professionals under Priority Sector. Medical Practitioner/ . Engineers Architects / All the above.

Answer is : Medical Practitioner

53. Financial assistance may be provided for renovation repair of the house under prioritySector up to a maximum loan amount of 5 lakh/ 50,000/ 2 lakh/ . no limit

Answer is : 2 lakh

54. The maximum loan amount under DRI Scheme is Rs…. . 10,000/ . 25,000/ 6,500/ 5,000

Answer is : 6,500

55. Section 5(b) of_____________Act gives the definition of the term 'Banking' Contract Act / Negotiable Instruments Act Banking Regulations/ Transfer of Property Act.

Answer is : Banking Regulations

56. Principal functions of the Bank are: Dispatch of statements Adjustment of Interoffice Transactions Clearing Acceptance of deposits for Lending & Investment

Answer is : Acceptance of deposits for Lending & Investment

57. In a deposit account the principal relation between Bank and Customer is Bank________And the Customer___________. Agent, Principal / Lessor, Lessee/ Creditor-Debtor . Debtor-Creditor/ Bailor-Bailee.

Answer is : . Debtor-Creditor

58. In case of safe custody of articles relation between Bank and Customer is Bank_______And Customer___________. . Agent-Principal/ Lessor-Lessee Creditor-Debtor/ Debtor-Creditor . Bailor-Bailee /Answer is : . Bailor-Bailee

59. In case of safe deposit locker the relation between Bank and Customer is Bank________Customer_________. Agent-Principal/ . Lessor-Lessee Creditor-Debtor/ . Debtor-Creditor Bailor-Bailee

Answer is : . Lessor-Lessee

60.lien is a/an____________of the creditor to retain possession. obligation/ right / . interest/ . protection

Answer is : right

61. Where as general lien gives to retain goods, Banker's lien has____________in case ofDefault. right to create charge right to create mortgage right to sell.

Answer is : right to sell.

62. General lien gives the Creditor right to retain___________which have come in his possession all goods/ . some goods/ . specific goods

Answer is : all goods

63. Particular lien gives the Creditor right to retain__________, in case the expenses incurred Are not paid. . all goods/ some goods/ . specific goods.

Answer is : . specific goods.

64. Banker's lien is an_____________ Hypothecation/ Mortgage c. implied pledge pledge/ implied pledge

Answer is : implied pledge

65. In case of___________goods, Banker's lien is not applicable . owner's goods/ Stolen goods Finished goods./Answer is : Stolen goods

66. The right to____________two accounts is known as set off. Open/ Close/ Combine.

Answer is : Combine.

67. The right of set off is____________ Customer's right/ Banker's right/ Banker's obligation Bank's descrition./Answer is : Bank's descrition.

68. Garnishee order is issued by_______________ Police officer/ . Revenue authority Inforcement authority/ . Court of Law

Answer is : . Court of Law

69. Attachment order is issued by______________ Drawer of a cheque / Revenue authority Manager of a Bank./Answer is : Revenue authority

70. Mandate is______________ Stamped agreement . Order of the Court of Law

Answer is : . Order of the Court of Law

71. Power of attorney is_____________ Signed letter to the bank/ A promissory note

Answer is : Signed letter to the bank

72. Person to whom a power of attorney is given is called__________and the person who givesThe power of attorney is called_____________ Debtor-Creditor b. Bailor-Bailee Agent, Principal (donor,donee).

Answer is : Agent, Principal (donor,donee).

73. Promissory Notes, Bills of Exchange and cheque are together defined as________________ . Negotiable instruments/ . transferred instruments / Trust Receipts . Documents of Title to goods/Answer is : . Negotiable instruments

74. N.I. are easily______________________________ . transferable/ gifted / . sold

Answer is : . transferable

75. a cheque is drawn on a__________________________ . owner of a clip/ an agent of a principal bank/Answer is : bank

76. a cheque is payable on__________________________ . emand/ after certain days on a fixed future date./Answer is : . emand

77. Two paralled transverse lines across the cheque is called____________ endorsement/ , transfer assignment/ acrossing

Answer is : acrossing

78. crossing is a direction to the_________________bank to pay the cheque to the payeethrough a bank. drawer/ payee/ paying/ collecting

Answer is : paying

79. when a cheque is drawn on a bank, the bank is called the______________ drawer / endorser/ acceptor/ drawee

Answer is : drawee

80. The crossing in a crossed cheque can be cancelled by_________________ . drawer/ `. endorser/ . acceptor/ drawee

Answer is : . drawer

81. Acts done honestly is called acts done without negligence b. rashly acceptor/ drawee

Answer is : drawee

82. Mere signature of the payee on the reverse of the instrument is called full/ b. blank/ conditional/ restrictive

Answer is : b. blank

83. 'Sans recourse' means______________ I am not afraid b. Do not touch me c. ask the drawer without liability to me

Answer is : without liability to me

84. A banker on whom a cheque is drawn by the customer is_____________ Collecting banker/ Paying banker Advising banker/ Confirming banker

Answer is : Paying banker

85. A banker who collects a cheque for and on behalf of his customer is___________ Collecting banker/ Paying banker . Advising banker/ Confirming banker

Answer is : Collecting banker

86. Section 131 of NI Act extends protection to the________________. Collecting banker/ Paying banker . Advising banker/ Confirming banker

Answer is : Collecting banker

87. Section 85 of NI Act exteds protection to the___________________. . Collecting banker/ Paying banker Advising banker/ . Confirming banker

Answer is : Paying banker

88. When a banker makes payment of a cheque after banking hour he will be held__________. . liable/ . reasonable acceptable

Answer is : . liable

89. One of the conditions to honour the cheque by the paying banker is that amount in words andAnd figures should_____________. . differ / . tally / . be clear

Answer is : . tally

90. Where a customer by a letter has advised the bank directing the banker not to honour/pay a Particular cheque such a letter is called_________________. . letter of authority/ . letter of credit. stop payment letter/ letter of continuity

Answer is : stop payment letter

91. Where a customer has issued a cheque date of which is yet to come, such a cheque is Called___________. . stale cheque/ post-dated cheque . crossed cheque/ stolen cheque

Answer is : post-dated cheque

92. When a bank pays a cheque according to the apparent tenor, in good pay and without Negligence and without having reason to doubt the bonafide of the presendor such a Payment is_________________.

. Wrong payment/ . late payment . Future payment/ payment in due course

Answer is : payment in due course

93. To get the protection under S/131, a collecting bank has to collect a_______________ . stolen cheque/ . stale cheque/ postdated cheque Crossed cheque./Answer is : Crossed cheque.

94. If a cheque is stolen in transit and presented at the drawee bank by a holder in due courseCase, it and if the cheques is paid by the bank in due course in such a case the drawee bankWould be_______________. be held liable/ would not be held liable would be found guilty/Answer is : would not be held liable

95. where the signature of the drawer of a cheque is not genuine, such a cheque is called______. Postdated cheque/ forged cheque clearing cheque/ stale cheque.

Answer is : forged cheque

96. S/138 states that drawer of a cheque is liable to be punished if the cheque is bounced for___ not crossing/ . alterating figures . being postdated/ insufficient fund

Answer is : insufficient fund

97. when a drawer draws a cheque without keeping sufficient balance and if the cheque isbounce for insufficient funds, the drawer is punishable with and imprisonment which mayextend to___________and or a fine. . two months/ . four months/ one year

Answer is : . two months

98. Demand deposits are those which can be withdrawn____________. on demand / at any future date after one year/ after 5 years

Answer is : on demand

99. Current deposits are not entitled to___________. Cheque book/ . Statements/ . Customer services Interest./Answer is : Interest.

100. In savings deposits interest is paid on___________balance in the a/c between 10th to last Working day of the month. . maximum/ average/ . minimum/ last balance.

Answer is : . minimum

101. Introduction in all deposit accounts is. Optional/ compulsory / discreation of the bank

Answer is : compulsory

102. Public limited company should have a minimum of at least_________members. 50/ 15/ 7/ without limit.

Answer is : 7

103. Government companies are companies where the government holds at least________% 80/ 50/ 75/ 51

Answer is : 51

104. 123. Section__________of the company Act details the borrowing limits of the company 85(A)/ 31/ 293(1) / 5(b)

Answer is : 293(1)

105. The Trustee___________delegate their powers. can/ cannot

Answer is : cannot

106. Execution of a will is entrusted to___________. Administrator/ holder of power of attorney Exector/ holder in due close.

Answer is : Exector

107. Administrator is a person appointed by____________to look after the property under letterOf administration. . the government/ . the Court . the Bank/ . RBI

Answer is : . the Court

108. ___________is a person appointed by the Court to wind up the affairs of the company. Administrator/ Executor / Registrar . liqudator

Answer is : . liqudator

109. NRNR & FCNR (B) accounts can be kept in the form of_________deposits. . Term Deposits/ . Current Deposits Saving Deposits/ Recurring Deposits

Answer is : . Term Deposits

110. Accounts jointly with residents can be opened in the case of________accounts. FCNR (B) and NRE/ NRO and NRNR

Answer is : NRO and NRNR

111. Accounts jointly with residents can not be opened in the case of________accounts. . FCNR (B) and NRE NRO and NRNR

Answer is : . FCNR (B) and NRE

112. A joint account is the name of A and B to be operated by E or S. A dies. Can the legalRepresentative of A stop B from operating the account? Give reasons for your answer. Minor./ Joint Hindu Family. Partnership firm, where one of the partners is a minor. Association./ Trust.

Answer is : Partnership firm, where one of the partners is a minor.

113. A banker can reduce risk in lending to a borrower. by obtaining adequate security. by ensuring that there will be no problem of liquidity with the borrower. by ensuring that there will be no default on account of lack of liquidity and lack

Answer is : by obtaining adequate security.

114. In banker's parlance, credit risk in lending refers to default of repayment by a borrower. Default of a banker in maintaining SLR. Default of a banker to release credit to a borrower. None of the above.

Answer is : Default of a banker in maintaining SLR.

115. Financial risk analysis involves analysis of financial standing of a borrower. Analysis of performance of a borrower under certain select financial parameters. Analysis of past track record of keeping up commitments of a borrower. None of above.

Answer is : Analysis of performance of a borrower under certain select financial parameters.

116. New Prudential Accounting Norms cover interest rates/ Methods of lending Deposits Capital adequacy, income recognition, Asset classification and Provisioning

Answer is : Capital adequacy, income recognition, Asset classification and Provisioning

117. A borrowal account is designated as non performing asset when the interest and/or instalmentRemains unpaid for 1quarter/ 2quarters 3quarters/ 4quarters

Answer is : 4quarters

118. Capital Adequacy is calculated on the Balance Sheet date as a percentage of deposit liabilities of a bank. As a percentage of assets of a bank. As percentage of risk weighted assets of a bank. As a percentage of non performing assets of a bank.

Answer is : As percentage of risk weighted assets of a bank.

119. Net Working Capital is Current Assets minus Current Liabilities Total Assets minus Total liabilities Total Current Assets.

Answer is : Current Assets minus Current Liabilities

120. Working Caiptal Gap means Total Current Assets minus Total Current Liabilities Total Current Assets minus Current Liabilities Total Assets minus total liabilities.

Answer is : Total Assets minus total liabilities.

121. Maximum Permissible Bank Finance is arrived at by Deducting Net Working Capital from Working Capital Gap Deducting Net Working capital Gap from Total Assets Deducting Net Working capital from Total Current Assets

Answer is : Deducting Net Working Capital from Working Capital Gap

122. Bankers, in general, are hesitant to finance HUF because The form ceases to exist when the Karta is dead The firm ceases to exist with the death of any of the male coparcener The liability of the firm to the banker is susceptible to change with the birth of The firm is not formed on the basis of a contract bylaw.

Answer is : The liability of the firm to the banker is susceptible to change with the birth of

123. Joint and Several liability in HUF means All members are jointly and severally liable. For all debts of the HUF. All members are jointly liable but severally only for the amount when the bank Jointly liable but severally only to the extent of individual share of earning made from HUF Jointly liable but severally only to the extent of his proportionate share in the HUF assets.

Answer is : All members are jointly and severally liable. For all debts of the HUF.

124. Letter of Probate means. A will duly attested by two persons. A certificate issued by the Court attaching official copy of the will A will not attested A will, attested but not registered.

Answer is : A certificate issued by the Court attaching official copy of the will

125. Letter of Administration means An order of the Court appointing a person to take charge of a deceased s intestat An order of the Court appointing a person to look after the Willed Property An order of the Court to administer the property of a company in liquidation None of above.

Answer is : An order of the Court appointing a person to take charge of a deceased s intestate

126. The borrowing powers of the Board of Directors are mentioned in . Companies Act/ . Memorandum of Association Articles of Association/ Board Resolution

Answer is : Articles of Association

127. The maximum borrowing powers of the shareholders of a company are restricted by Section 293 of Companies act/ Memorandum association Articles of Association/ None of above.

Answer is : Articles of Association

128. Registration of charge should be done within . 30 days from the date of advance

. 60 days from the date of documents 30 days from the date of documents no restriction of time.

Answer is : 30 days from the date of documents

129. No charge need be filed when the advance is against. deposits of a bank/ . pledge of goods mortgage of immovable property . (a+b)

Answer is : . (a+b)

130. Common seal means . round seal of the company/ per pro seal of the company a metallic seal containing inscription of the name of the company none of these.

Answer is : a metallic seal containing inscription of the name of the company

131. Negative lien means. a declaration by a company not to encumber assets of the company without A lien letter executed by the company authorizing the bank to mark lien on its a trust letter executed by a company when goods are taken from pledged stock None of the above.

Answer is : a declaration by a company not to encumber assets of the company without

132. The lowest concessional interest rate on packing credit is given when the p/c is adjusted notLater than . 90 days/ 180 days / 270 days/ 360 days

Answer is : . 90 days

133. A banker shall have to make payment under a bank guarantee issued by him Once he is called upon to pay by the beneficiary of the guarantee. Only when the customer on whose behalf the guarantee is given makes the Only when the guarantee period is over. Only when the original guarantee bond is surrended.

Answer is : Once he is called upon to pay by the beneficiary of the guarantee.

134. Bank guarantees can be issued in favour of a limited company for a maximum period of . 1 year/ 3 years/ 5 years/ 10 years/ 20 years.

Answer is : . 1 year

135. DPGs are issued for acquisition of . Current Assets . fixed assetscurrent current assets and fixed assets.

Answer is : . Current Assets

136. A pledger has right to make payment and redeem the pledged goods so long as the debt has not become overdue so long as the pledged goods are not put on auction so long as the document of pledge has not become time barred.

Answer is : so long as the debt has not become overdue

137. A pledgee can get his dues repaid only by sale of pledged goods by sale of goods and then proceeding against the pledger in a court of law for by sale of goods in public/private only if the documents of pledge loan are

Answer is : only by sale of pledged goods

138. Mortage involves transfer of possession tranfer of ownership and possession transfer of ownership, possession and enjoyment transfer if interest in a specific immovable property transfer of interest in a specific immovable property

Answer is : transfer of possession

139. Mortagage can be created as security for advances given only after the date of mortgage advance given only prior to the date of mortgage advances given only on the same date all of the above

Answer is : advances given only after the date of mortgage

140. Simple mortgage is executed by simple hand over of possession of the immovable proerty by the mortgage or by transfer of possession of the immovable property by the mortgage or to the by a document of mortgage prepared in writing duly signed by the mortgage or

Answer is : by simple hand over of possession of the immovable proerty by the mortgage or

141. Mortgage by deposit of title deeds can be not created only at the place where the immovable property is situate only at the place where the immovable property is registered only at places notified by the State Government

Answer is : only at the place where the immovable property is situate

142. Mortgage by deposit of title deeds involves preparation of a mortgage deed which should not be registered preparation of a mortgage deed which should be stamped and registered deposit of title deeds with an intent to create as security for a debt.

Answer is : preparation of a mortgage deed which should not be registered

143. Lien becomes time-barred three years after The date of loan Date of delivery of the relative goods Due date of loan Lien has no limitation period.

Answer is : The date of loan

144. The right to lien is available only when Possession is available with the creditor The document are not time-barred There is an agreement between the creditor and debtor When all the above three conditions are fulfilled.

Answer is : Possession is available with the creditor

145. A search on non-encumbrance of a property proposed to be accepted as security is Normally taken for 10 years/ 13 years/ 21 years/ 30 years

Answer is : 21 years

146. Equitable mortgage involves deposit of title deeds of property by the debtor with the creditor, with an intent mere oral declaration by the debtor that he mortgages his proerty with the creditor execution of a document of mortgage in favour of the creditor and registering it execution of an undertaking to deposit title deeds to the creditor and create mortga

Answer is : deposit of title deeds of property by the debtor with the creditor, with an intent

147. Advance against goods is granted by charging the goods Under hypothecation only. Under mortgage of movables. Under hypothecation or pledge. Under hypothecation or pledge or mortgage.

Answer is : Under hypothecation or pledge.

148. Drawing power in an account means Limit sanctioned Value of security Value of security minus unpaid stock Deducting margin stock from out of value in item 'c'

Answer is : Limit sanctioned

149. Goods offered as security and under charge to a banker are valued at Cost of purchase Cost of purchase plus margin of profit Cost of purchase plus expenses incurred over them plus margin of profit Cost of purchase or market price whichever is lower.

Answer is : Cost of purchase

150. On default of payment in a hypothecation or pledge facility account, the resource for Recovery for a banker is by selling the goods after proper and reasonable notice to the hypothecator or selling the goods with no notice to the hypothecator or pledger, as the case may approaching the goods for permission for sale of hypothecated or pledged goods selling the goods only after decree is obtained in a suit.

Answer is : selling the goods after proper and reasonable notice to the hypothecator or

151. Document of title to goods means sale deed of a property Bill of lading/Air Way Bill/Railway Receipt/Lorry Receipt/Ware House Keeper's Invoice duly endorsed in favour of the bank Bill of exchange drawn by the seller.

Answer is : sale deed of a property

152. A contract of insurance is a contract of Agency/ . Indemnity/ Guarantee/ Lien

Answer is : . Indemnity

153. The charge created on a security of LIC policy is Lien / hypothecation/ pledge/ . assignment

Answer is : . assignment

154. The maximum amount of advance granted against LIC policy is . 75% of policy amount 90% of premi a paid 90% of policy amount 90% of surrender value

Answer is : 90% of surrender value

155. The charge created on a security of National Savings Certificate is . pledge/ hypothecation/ assignment/ mortgage

Answer is : . pledge

156. Interest on advance against fixed deposit to its holder is charged at 2% over Bank rate . 2% over the rate of interest applicable to deposit 1% over PLR/ 2% over PLR

Answer is : . 2% over the rate of interest applicable to deposit

157. A banker can advance against shares and debentures keeping a margin of . 50% on face value . 50% on average market price . 50% on issue price . 50% on the book value of share.

Answer is : . 50% on average market price

158. A banker can advance against shares/debentures provided It is in marketable lot. It is fully paid, quoted in any recognized exchange and in marketing lot. It is fully paid and in marketable lots whether quoted or otherwise. It is fully paid, quoted in recognized exchange, in marketable lots and in the

Answer is : It is fully paid, quoted in recognized exchange, in marketable lots and in the

159. Advance is normally granted against eligible Book Debts keeping a minimum margin whichMeans 50% on the total book debt value outstading 50% on book debts which are not more than 6 months old 50% on book debts which are not more than 12 months old 25% on the total book debt value outstanding

Answer is : 50% on book debts which are not more than 6 months old

160. Under law of limitation, the liability of a guarantor is 3 years from the date of document 3 years from the date of advance 3 years from the date of invocation None of the above as there is no limit of time.

Answer is : None of the above as there is no limit of time.

161. A guarantor is liable only when the principal debtor has defaulted to pay the creditor has exhausted his remedy against the principal debtor the guarantor is called upon to pay on the happening of default by the principal only after the expiry of the limitation period of document of guarantee.

Answer is : the guarantor is called upon to pay on the happening of default by the principal

162. Banks finance is given to a Hire Purchase concern on the basis of value of the asset hired out to hirer by H.P.Concern. Stock on Hire receivables of a H.P. Concern. Net Stock on Hire (viz., Stock on Hire-Finance charges unmatured) receivables None of the above.

Answer is : Net Stock on Hire (viz., Stock on Hire-Finance charges unmatured) receivables

163. Repayment should start in the month following completion of construction or purchase of house 18 months from the date of disbursement. 'a or b' whichever is later. 'a or b' whichever is earlier.

Answer is : completion of construction or purchase of house

164. Maximum period of repayment of a housing loan including moratorium should not be moreThan 156 years/ 20 years/ 16 yrs. 6 months . None.

Answer is : 156 years

165. Export proceeds should be realized within a maximum period of 180 days/ 6 moths/ 90 days / 3 months.

Answer is : 180 days

166. PCFC can be extended for a maximum period of 180 days/ . 90 days/ 360 days/ 270 days.

Answer is : 180 days

167. Validity of Demand Draft is…from date of issue. Fill in the blank drawing correct answer From any of the following. . 3 months/ 6 months/ 3 years / . no limitation

Answer is : 6 months

168. Cover is provided by ECGC for advance against Duty Draw Back at the preshipment stage by Export Production Finance Guarantee Export Finance Guarantee Export Performance Guarantee None.

Answer is : Export Production Finance Guarantee