EXIT TEST NEWLY PROMOTED OFFICERS

As per PMLA, records and documents are required to be preserved (account opening form, address proof, etc) from the date of transaction for how many years?

• 5

• 8

• 10

• 20

What should be done before destroying old records?

• Shredding

• Burning

• Segregating and listing out

• Archiving

How are banks rated based on their performance in QMS services?

• Based on branch locations

• Based on customer complaints

• Based on EASE 3.0 parameters

• Based on employee efficiency

What is the CIBIL score range for home loans?

• 100-500

• 300-900

• 500-1000

• 200-800

How are enterprises classified as micro, small, or medium enterprises under the MSME category?

• Based on the number of employees

• Based on their geographical location

• Based on their annual profit

• Based on investment in plant and machinery and turnover

What document is required for registration under the MSME Udyam Registration portal?

• A) Passport

• B) Voter identity card

• C) PAN (Permanent Account Number)

• D) Driver's license

What is overdraft?

• A type of cash credit

• A loan for buying a car

• A form of bill discounting

• A credit facility allowing withdrawal beyond account balance

How is FOIR calculated?

• Total Monthly Income / Total Monthly Expenses

• Gross Monthly Income / Total Monthly Loan Obligations

• Total Monthly Loan Obligations / Gross Monthly Income

• (Total Monthly Loan Obligations / Gross Monthly Income) x 100

What could indicate a borrower's potential financial distress?

• Default in payment to banks/sundry debtors

• Investing borrowed money in associate companies

• Financing a unit far away from the branch

• Claims not acknowledged as debt high

What is the primary focus of outbound sales?

• Responding to customer inquiries

• Proactively reaching out to potential customers

• Building relationships with existing customers

• Analyzing market trends