WorksheetsENTRY TEST- CREDIT OFFICERS
Total questions: 38
Worksheet time: 34mins
ROC Search to be performed in case of financing to-
Proprietorship firms
Partnership firms
Companies
All the above
Which of the following is not a step of Credit Appraisal?
Borrower Appraisal
Financial Appraisal
Environment Appraisal
Default Appraisal
Current Asset= 100Lacs
Non Current Liability= 50 Lacs
Find the Current Ratio?
2
1.33
0.5
Insufficient input
Min required Avg. DSCR for the term loan/ project should be
1.25
1.75
1
2
Reserve & Surplus is the part of
Current Liabilites
Net worth
Current Asset
Intangible Assets
Operating Profit comes from...........of unit.
Core Operations
Other Activities
Both
None
DE Ratio = TTL/ATNW , In ATNW,
T stands for
Total
Tangible
Term
Terminal
Contingent Liabilities are the part of-
Non Current Liabilities
Off Balance sheet item
Current Liabilities
None of the above
DSCR Calculation to be done in case of
Fresh Term Loan Sanction
At the time of Review
Both
None
Valuation of property is done to know the
Market Value
Realizable Value
Distress Value
All the above
A legal opinion(TCR) should be accepted only when it is-
Unconditional and provides clear information
on Bank's prescribed format.
Signed by Bank's Empanelled Advocate.
All the Above
Annexure D in a Proposal is also known as-
Terms & Conditions
CMA
Rating Sheet
Balance sheet
If a unit is having investment of Rs. 0.80 Cr. and T/O of Rs. 4.00 Cr. than the unit will be classified as?
MICRO
SMALL
MEDIUM
EXTENDED MSME
If a unit is having investment of Rs. 0.95 Cr. and T/O of Rs. 7.50 Cr. than the unit will be classified as?
MICRO
SMALL
MEDIUM
EXTENDED MSME
If a unit is having investment of Rs. 12.00 Cr. and T/O of Rs. 47.50 Cr. than the unit will be classified as?
MICRO
SMALL
MEDIUM
EXTENDED MSME
On balance sheet, accruals, notes payable, and account payable are listed under which category?
Current Liabilities
Accumulated Liabilities
Noncurrent Liabilities
Accrued Liabilities
Which of the following is not a current asset?
Supplies
Land
Accounts Receivable
Prepaid Insurance
A Company is having Current Assets of Rs 100 Crore and Current liabilities of Rs 80 Crore. Calculate Gross Working Capital for the company in Crores?
20
180
100
40
A Company has 100 Crore Current Assets and 60 Crore Current liabilities excluding Bank Borrowings. The company has availed working capital limit of Rs 25 Crores. What is the margin required by Company in the WC Cycle?
40
65
15
25
A Company Has Current Assets of 100 Lacs and Current Liabilities of Rs 75. What is the Margin Contributed by Company in Working Capital (In Percentage)?
33%
20%
25%
100%
A Company follows WDV method of depreciation, if a Fixed asset is valued at 100 Lac for 1st Year, Calculate Depreciation for 3rd Year if rate of depreciation is 10%?
10 Lac
81 Lac
8.1 Lac
9 Lac
A firm had beginning finished goods inventory of Rs. 15,000, ending finished goods inventory of Rs. 20,000 and cost of goods sold of Rs. 80,000. What was the cost of goods manufactured?
80000
85000
75000
65000
On a multiple-step income statement, the excess of net sales over the cost of merchandise sold is called?
Cost of Goods Sold
Operating Income
Gross Profit
Net Income
Which of the following expressions is incorrect?
Gross profit – operating expenses = operating income
Sales – cost of goods sold – operating expenses = operating income
Operating income + operating expenses = gross profit
Operating expenses – cost of goods sold = gross profit
When an asset shall be classified as current?
it is expected to be realized, or is intended for sale or consumption, in the company’s normal operating cycle;
It is held primarily for the purpose of being traded;
It is expected to be realized within twelve months after the reporting date.
All of the above
Any sanction, if not availed of, within ______ months in case of Working Capital will lapse?
4
2
3
6
Any sanction, if not availed of, within _______ months in case of Term Loan will Lapse?
4
2
3
6
What is the Powers for disbursal of Term Loans by way of reimbursement by Respective sanctioning authorities up to DNCC?
Maximum up to 10%
Maximum up to 15%
Maximum up to 25%
Maximum up to 20%
Stock / Book Debts Audit is to be carried out mandatorily in all accounts having fund-based and non fund based working capital facilities of Rs. ________ and above with the Bank.
1 Crore
2 Crore
5 Crore
25 Lacs
For advances to Micro and Small Enterprises as per regulatory guidelines, no collateral security is to be insisted upon for loans up to Rs. ______?
10 Lacs
15 Lacs
20 Lacs
25 Lacs
As per GCEMP 2024 what is the minimum margin to be maintained for financing second hand machinery?
40%
25%
30%
35%
What is Minimum Acceptable benchmark current ratio for Micro & Small enterprise?
1.10
1.17
1.20
1.33
What is minimum DSCR requirement for medium Enterprise for any Year?
1
1.25
1.5
1.75
For Export oriented MSME Units (having more than 50% turnover from export activities), the indicative benchmark current ratio is
1.10
1.17
1.20
1.33
What is the TAT for MSME loans for credit limits above Rs. 5 lakh and up to Rs. 25 lakhs?
5 Working Days
10 Working Days
15 Working Days
21 Working Days
Which Method of lending to be used for Fund Based Working Capital requirement Up to Rs. 5 crore for Micro & Small Enterprise?
Higher of First Method or Turnover Method [Min 25% (@)]
Higher of First Method or Turnover Method (Min 20%)
Higher of Turnover Method (Min 20%)
Second Method or Cash Flow Method
Generally, book debts outstanding for more than ______ days are not to be considered for the purpose of Drawing Power.
30
60
90
180
As per GCEMP 2024 Generally, Term Loans are granted for a period of 3 years and above but not exceeding ______Years?
7
10
12
15
