BOM-Cash operations and management

In the cash department, at the beginning of the day how much cash will you draw from the cash safe?

• Entire cash in the strong room is moved to the cash cabin

• Only minimum required amount of cash is moved from strong room to cash cabin

• 50% of the Closing cash on the previous day

When there is heavy inflow of cash during the day, excess cash is

• Remitted to currency chest

•   Kept in cashier’s cabin till the end of the day

• Moved to the strong room from time to time

Cash management is excellent when

• Cash balance is held within the cash retention limit

• Payments are made only subject to availability of cash

• Low cash is held and payments made only by getting cash from

       other branch

Retention limit” is the maximum permitted amount of

• Payments permitted in the branch per day

• Receipts permitted in the branch per day

• Cash holding in the branch at the closing of the day.

Transit insurance is the amount of insurance held for

• Total remittances during the month

• Cash during remittances from/to the branch/Currency chest

• Holding of cash in the branch

Counterfeit notes detected at the counter...................

• Should not be returned to the tenderer under any circumstances

• Can be returned to the tenderer against an undertaking

• Can be returned only with the permission of the Branch

       Manager

Which of the following statements is incorrect in respect of Clean note policy

• Sorting of all notes received during the day into issuable and non -issuable at the branch

• Can accept currency notes for exchange  with religious messages written on them, from public and customers.

• Not to circulate the dirty notes through ATM or at the counter

Remittance of cash to currency chest/Clearing Settlement Bank/other banks can be done....

• Remittance above Rs.20 lakh by two staff only

• Only by the cashier singly

• By Jr Associate and sub-ordinate staff jointly

In case of shortage of cash by the cashier/teller, the shortage is made good by....

• By the cashier/teller

• By all the staff members

• By the insurance company

Duplicate set of keys should be exchanged with regular set of keys, at least once in 24 months.... with

• Only with State Bank of India and associate bank branches

• Nearest branch of our bank or any bank

• Reserve Bank of India