ENTRY LEVEL QUIZ-AUDIT AND COMPLIANCE

Penal interest in account to be applied in case of overdue of interest and instalments is?

• Entire Outstanding
• Overdue amount
• Outstanding+Overdue
• Sanctioned Limit

The rate if interest based on rating will be effective from?

• 1st April
• 1st October
• 1st January
• 1st July

A partnership firmis classified as Micro enterprise during last financial year is showing turnover of Rs8.90 crore and investment in Plant and Machinery of Rs79.00 lacs as per last audited financial. What will be the classification of the firm in current financial?

• Medium Enterprises
• Micro Enterprises
• Small Enterprises
• Large Corporate

Processing charge applicable on review of term loan for Mid/Large Corporate is?

• 0.0035
• 0.002
• 0.006
• 0.001

Processing charge applicable on revalidation of sanction is?

• Equal to normal processing charge
• 50% of normal processing charge
• 25% of normal processing charge
• 40% of normal processing charge

M/s ABC Ltd was sanctioned term loan and working capitallimit on 21.06.2021.Validity of the sanction will expire on?

• 21.09.2021
• 21.12.2021
• 21.03.2022
• 21.06.2022

M/s ABC Ltd was sanctioned term loan and working capital limit on 21.06.2021.Sanction is accepted unconditionally by the borrowers & guarantors,documents have been executed within the permissible period and 50% processing charges have been recovered,in such cases,sanction will remain valid upto?

• 21.09.2021
• 21.12.2021
• 21.03.2022
• 21.06.2022

M/s ABC was sanctioned term loan and working capital limit on 21.06.2021.The sanction revalidated by sanctioning authority on 31.12.2021 for a period of 03 months.The next due date of review of the credit facilities shall be?

• 31.12.2022
• 31.03.2022
• 21.06.2022
• 31.03.2023

Which are the features of Baroda ESCROW current account?

• No cheque book is to be issued
• Only view facility will be allowed in Internet Banking
• No mobile Banking facility is allowed in ESCROW
• All of the above