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Mid Term Test-1

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Our Bank has defined _______ Core Values.

a)

5

b)

6

c)

7

d)

9

2.

Documents which is Letter of Confirmation of mortgage in case of property is in Joint Name is called

a)

90 (P)

b)

90 (J)

c)

90 (C)

d)

90 (M)

3.

In a Branch head of Scale III account of Rs 73 Lacs is due for review, rating has degraded from BOB 6 to BOB 7 who has the power to review the account

a)

Branch Head

b)

Next Higher authority i.e Regional Office

c)

Zonal Office

d)

BCC

4.

Calculate Drawing Power in the account


Stock- 10 Lacs

Sundry Creditors- 12 Lacs

Book Debts- 40 Lacs

Margin on Stock & Book Debts- 25% & 40% respectively

a)

19.5 Lacs

b)

24 Lacs

c)

22.50 Lacs

d)

22.80 Lacs

5.

Which of these is not a Core Value of the bank?

a)

Invention

b)

Innovation

c)

Integrity

d)

Excellence

6.

A letter of attestation has to be obtained in case of documents executed by illiterate person

a)

LDOC 51

b)

LDOC 53

c)

LDOC 54

d)

LDOC 39

7.

A Education loan of Rs 7 Lacs backed by personal guarantee is in the power of

a)

S-I

b)

S-II

c)

S-IV

d)

DRMCC

8.

You are scale III ( Senior Manager Branch Head) A borrower approached you for sanction of limit of Rs 120 Lacs under SME, the rating of the account is BOB 3. What is your observation

a)

You can sanction the account upto 120 Lacs

b)

You cannot sanction but can recommend & will be forwarded to next higher authority.

c)

If mortgage of more than 120 Lacs is provided i can saction

d)

None of the above

9.

A borrower has been sanctioned CC limit of Rs 12 Lacs backed by mortgage. He has requested for enhancement to Rs 15 Lacs & it has been sanctioned by you. In an Ideal Situation What DP note you will take & for what amount

a)

LDOC 2 for Rs 3 Lacs

b)

LDOC 3(b) for Rs 3 Lacs

c)

LDOC 3(b) for Rs 15 lacs

d)

LDOC 5 for Rs 3 Lacs

10.

What is true about Cheque return due to financial reasons in case of advance accounts

a)

After 3 Cheque returns power to review rests with next higher authority

b)

After 4 Cheque irrespective of amount power to review rests with next higher authority

c)

After 6 Cheque irrespective of amount power to review rests with next higher authority

d)

After 4 Cheques of 1 crore and above & 6 Cheques of any amount review power rests with next higher authority