EXIT TEST

FOR FOOD PROCESSING UNIT HOW MUCH AMOUNT TO BE CLASSIFIED UNDER PRIORITY SECTOR LENDING FROM ENTIRE BANKING SYSTEM

• Rs. 50.00 Cr

• Rs.100.00 Cr

• Rs.45.00Cr

• Rs.25.00Cr

What is the minimum daily balance to be maintained by banks for the purpose of CRR

• No such stipulation by RBI

• Minimum 70% of requirement for the day

• Minimum 90% of the required balance

• 99% of minimum CRR on NDTL

A Banking Company can hold shares in a Company as pledgee, mortgagee, or absolute owner of an amount not exceeding :

• 30% of its own capital

• 30% of the paid up capital of the company

• 30% of paid up capital or authorized capital whichever is higher.

• 30% of paid up capital & reserve of bank or 30% of paid up capital of the Company whichever is less.

RBI can carry out inspection of any bank under which section on Banking Regulation Act.

• 35

• 32

• 8

• 34

Which among the following is not the asset in which banks can invest for maintaining SLR?

• Cash

• Gold

• Debentures

• SLR Securities

What are the latest amendments in the BR Act?

• Control over Cooperative Banks in terms of management, capital, audit liquidation.

• Extension of social control over banks.

• Every Banking Company must obtain the permission of RBI before opening a new branch or transferring the existing branch to a different city, town or State

• All of the above

Branches should not open deposit/ advances accounts banned/ terrorist Organizations as circulated by:

• IRDA

• SEBI

• AMFI

• FIU

In case of low risk customer, the fresh KYC documents to be obtained at what intervals?

• 10 years

• 8 years

• 2 years

• 5 years

In case of address mentioned as per proof of address undergoes change, fresh proof of address is to be submitted to the banks/FI within a period of:

• one week

• Two week

• One month

• Six month

What is quantum of credit facility that can be covered under the CGTMSE scheme?

• Rs.200.00Cr

• Rs.500.00Cr

• Rs.375.00Cr

• Rs.1000.00Cr