The Banking Updates Mock Test-15/22-23

NAME

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BANK NAME

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CONTACT NO

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1. While opening account through V-CIP, In case of offline verification of Aadhaar using XML file or Aadhaar Secure QR Code, it shall be ensured that the XML file or QR code generation date is not older than ______ from the date of carrying out V-CIP.

• 7 days
• 3 days
• 48 hours
• 15 days

2. Which of the following is not correct with respect to small accounts?

• The aggregate of all credits in a financial year does not exceed rupees one lakh
• The aggregate of all withdrawals and transfers in a month does not exceed rupees ten thousan
• The balance at any point of time does not exceed rupees fifty thousand.
• None of these

3. Which of risk is associated with unhedged foreign currency exposure?

• Interest Rate Risk
• Counterparty risk
• Market Risk
• All of these

4. As per priority sector lending norms, all domestic banks (other than UCBs) and foreign banks with more than 20 branches are directed to ensure that the overall lending to Non-Corporate Farmers (NCFs) does not fall below the system-wide average of the last _______ years’ achievement which will be separately notified every year.

• Preceeding Financial Year
• 3 years
• 2 years
• 5 years

5. Which of the following Education loan Interest subsidy scheme since discontinued from FY 2022-23

• Padho Pardesh
• CISS-Interest Subsidy
• Dr. Ambedkar Scheme of Interest Subsidy on Educational Loan for Overseas Studies for OBCs & EBCs
• None of these

6. Which type of charge is created when the security is in the form of Term Deposit Receipt?

• Hypothecation
• Assignment
• Lien/Pledge
• Mortgage

7. The letter 'D' stands for _________ in FIMMDA

• Deposite
• Derivative
• Domestic
• None of these