WorksheetsHK_B8
Total questions: 66
Worksheet time: 33mins
Name
Class
Date
1.
As per banks guidelines, on receiving a loan application (not mandatory)
a)
acknowledge the receipt of application
b)
Communicate in writing reasons for rejection of loan application
c)
Provide a provisional sanction letter on receipt of loan proposal
d)
None of the above
2.
Which of the following states is known as " Cradle of Indian Banking"
a)
Maharastra
b)
Tamilnadu
c)
Karnataka
d)
Kerela
3.
Which of the following is the pension scheme focused on the workers in the unorganized sector ?
a)
SSY
b)
AMRUT
c)
APY
d)
PMAY
4.
Where branch timing should be displayed?
a)
Inside the branch
b)
Entrance/Outside the branch
c)
Not mandatory to display
d)
None of these
5.
Can we issue a DD to a non-customer?
a)
Yes up to Rs 5000/-
b)
Yes up to Rs 5000/- with KYC
c)
Yes up to any amt with KYC
d)
None of above
6.
What are the general amenities we need to provide in the branches
a)
Drinking Water
b)
Washroom in a clean & hygenic condition
c)
Adequate seating arrangement & few seat marked for senior citizen
d)
All the above
7.
Display of which of the following information in the branches in the updated form is mandatory.
a)
Comprehensive Notice Board
b)
Contact details of Zonal/Regional Manager & Banking Ombusdman
c)
Interest Rate & Schedule of Charges
d)
All the above
8.
The branch to register the details of security interest of mortgaged property within a period of …….days form the date of creation of security interest with the Central Registry CERSAI.
a)
30
b)
45
c)
60
d)
Immediately
9.
What is minimum contractual dues required for invoking SARFAESI Action against an NPA Account?
a)
Rs.1.00 lacs
b)
Rs.2.00 lacs
c)
Rs.5.00 lacs
d)
Rs10.00 lacs
10.
The Notice ‘CAN NOT’ be issued under SARFAESI Act, in any case in which the amount due is less than % of the Principal amount and interest thereon
a)
10
b)
20
c)
25
d)
30
11.
The Notice cannot be issued under SARFAESI Act, on any security interest for securing repayment of any financial asset not exceeding Rs. Lac
a)
1
b)
2
c)
5
d)
10
12.
How much percentage amount of sale price including EMD amount, the highest bidder has to pay on the date of auction or maximum by immediate following working day on his successful bidding?
a)
0.05
b)
0.1
c)
0.2
d)
0.25
13.
Which certificate to be issued by the branch under SARFAESI Act, after receipt of the full & final Sale Price from the highest bidder?
a)
Sale Agreement
b)
Sale Certificate
c)
Sale Receipt
d)
Auction Certificate
14.
Who is the adjudicating authority where the Borrower or any other aggrieved person has right to file the Securitization Application challenging the action taken by the Bank under SARFAESI Act?
a)
Debt Recovery Tribunal
b)
Company Law Board
c)
National Company Law Tribunal
d)
Local Civil Court
15.
“SARFAESI” is the abbreviation of
a)
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest.
b)
Selling and Recovery of Financial Assets and Enforcement of Security Interest
c)
Securitization and Recovery of Financial Assets and Engagement of Security Inspector
d)
Securitization and Reconstruction of Funded Advances and Enforcement of Security Interest
16.
SARFAESI Act 2002 “DOES NOT” deals with, which of
the following aspects:
a)
Securitisation of Financial Assets
b)
Declaring the borrower as wilful defaulter
c)
Authority to enforce without the intervention of the court
d)
Setting up of Central Registry
17.
Under the provision of SARFAESI Act 2002, the transaction of securitisation is registered with:
a)
Registrar of Companies
b)
Registrar of Assurances
c)
Registrar of Firms
d)
Registrar of Central Registry
18.
Under the provision of SARAESI Act 2002 a charge on moveable property in favour of secured without delivery of possession to the creditor is called:
a)
assignment
b)
pledge
c)
lien
d)
hypothecation
19.
Under the provision of SARFAESI Act 2002, what is meant by enforcement of security interest:
a)
sale of assets of the borrowing party by the bank to ARC
b)
sale of charged assets by the secured creditor through DRT
c)
sale of charged assets by the secured creditor without court intervention
d)
getting bank's charge registered with Central Registry
20.
If a borrower wants to file an appeal with DRAT against the decision of DRT under SARFAESI Act, how much amount he will be required to deposit with DRAT?
a)
75% of the decreed amount
b)
50% of the decreed amount
c)
25% of the decreed amount
d)
10% of the decreed amount
21.
Under SARFAESI Act, 2002 The Secured Creditor upon successful sale of Secured assets what would be the order for the appropriation of proceeds:
a)
Payment of Principal amount
b)
payment of costs, charges and expenses incurred by secured creditors
c)
towards unapplied interest
d)
toward interest reversed
22.
What time period is to be given to the borrowers as a notice before sale of the secured asset through first auction under SARFAESI Act, 2002:
a)
30 days
b)
45 days
c)
60 days
d)
90 days
23.
What is the time limit from the date of issue of Demand Notice under Sectio-13(2) of SARFAESI Act, 2002 after which the secured creditor can initiate an action for enforcement of security under section- 13(4)?
a)
30 days
b)
60 days
c)
90 days
d)
120 days
24.
Which of the following is ‘NOT’ an essential ingredient to initiate action for enforcement of security under SARFAESI act:
a)
There must be a security agreement in which borrower is under liability of the secured creditor
b)
There must be a default in repayment of secured debt or instalment thereof
c)
The account must be classified as Non- Performing Asset
d)
The security interest must be at least Rs.20,000/-
25.
If there are more than one borrower, how the branch should issue the demand notice under section-13(2)?
a)
Demand notice must be served to the minimum 40% of the borrowers
b)
Demand notice must be served to at least one of the borrowers
c)
Demand notice must be served to at least 60% of the borrowers
d)
Demand notice must be served on all borrowers
26.
What is the minimum percentage of secured
creditors’ consent is required in case of Consortium financing to initiate action under SARFAESI Act, 2002?
a)
0.5
b)
0.6
c)
0.7
d)
0.8
27.
Taking over of the management of business of a borrower by financial creditors under SARFAESI Act, 2002 falls under:
a)
Section 15
b)
Section 6 (1)
c)
Section 9(a)
d)
Section 13(4)(b)
28.
What is the time period for the validity of “CAVEAT” from the date of lodgment filed by the secured creditors under SARFAESI Act?
a)
60 days
b)
90 days
c)
120 days
d)
30 days
29.
What is the purpose of Central Registry:
a)
Registration of transaction of financial assets
b)
Storehouse of information relating to SMA-1
c)
Registration of Suit filed account
d)
Registration of wilful defaulters
30.
SARFAESI Act can be invoked by the bank in which of the following cases?
a)
A pledge of movable asset within the meaning of Sec.172 of the Indian Contract Act.
b)
Any security interest created in agricultural land.
c)
Any rights of unpaid sellers under sec. 47 of the Sale of Goods Act
d)
Security interest for repayment of any dues exceeding Rs.1/- lac.
31.
Whether the branch can invoke SARFAESI, where the NPA account is already suit with DRT for recovery of dues?
a)
It is permitted only after the suit with DRT is withdrawn.
b)
Permitted only with the permission of RBI.
c)
the Bank can take both the actions simultaneously
d)
SARFAESI Act does not allow simultaneous actions.
32.
The maximum number of days allowed to the NPA borrowers to repay the dues when demand notice is served under section 13 (2) of SARFAESI Act, 2002
a)
30 days
b)
60 days
c)
90 days
d)
120 days
33.
Which of the following is ‘NOT’ dealt with under
SARFAESI Act.
a)
Transfer of non- performing assets to asset reconstruction company
b)
Provide a legal framework for Securitization of assets
c)
Give an option for the Bank to take over the management of the unit.
d)
Extend Limitation period
34.
SARFAESI Act, 2002 is an effective tool in the hands of the bank to enforce the security interest and recover the dues thereby reducing.
a)
Potential NPA
b)
Regular Account where terms & Conditions are not complied
c)
Long overdue Bills
d)
NPAs/PWOs
35.
A empanelled valuer should be registered under
Section of Wealth tax act, 1957 for the purpose
of valuation while enforcing SARFESIA Act:
a)
34A
b)
34AB
c)
134AB
d)
134BC
36.
Central Registry for registration on mortgages has set-up under provisions of:
a)
Indian Property Act
b)
Indian Company Act
c)
Negotiable Instrument Act
d)
SARFAESI Act
37.
Within how many days, the secured creditor to consider the representation of the NPA borrowers under Section-13(3A), if any, made by them after the demand notice is served to them under SARFAESI Act, 2002
a)
7 days
b)
10 days
c)
15 days
d)
30 days
38.
After the successful bidding/auction of any charged security of NPA account under SARFAESI Act, the bank issue the certificate to the bidder (after receipt of entire bidding amount), which is called
a)
Confirmation of Auction
b)
Confirmation Certificate
c)
Sale Certificate
d)
Confirmation of Account Closure
39.
Under which section of SARFAESI Act, 2002, the bank seeks DM/CMM permission for help in taking possession of the property?
a)
13
b)
14
c)
15
d)
17
40.
What is the minimum time period of the notice given by the bank for auction of the property after taking possession under SARFAESI Act 2002:
a)
30 days
b)
45 days
c)
60 days
d)
90 days
41.
Which of the following securities are eligible for initiation of SARFAESI Action?
a)
Aircraft
b)
Vessel
c)
Agricultural Land
d)
Plant & Machinery
42.
Under SARFAESI Act, 2002, It is mandatory to get the possession notice published in two leading newspapers, within …… days from the date of taking physical possession of secured assets.
a)
7
b)
15
c)
30
d)
90
43.
Valuation report for fixation of Reserve Price for Auction of the property under SARFAESI Act, 2002 should not be older than…….…
a)
1 Year
b)
2 Year
c)
3 Year
d)
5 Years
44.
Executives/officers of rank of & above are
authorized by the board to act as Authorized Officers under SARFAESI Act, 2002.
a)
Scale-II
b)
Scale-III
c)
Scake-IV
d)
Scale-V
45.
The exercise of all rights by Bank as Secured Creditor under the SARFAESI Act has to be done through the
a)
Designated Officer
b)
Authorized Officer
c)
SARFAESI Officer
d)
Recovery Manager
46.
Under which section of SARFAESI Act, 2002 the bank issue demand notice to the borrowers discharge in full their liabilities within sixty days from the date of notice.
a)
13(1)
b)
13(2)
c)
13(3)
d)
13(4)
47.
Under which section of SARFAESI Act, it deals with taking possession of the secured assets of the borrower including the right to transfer by way of lease, assignment or sale for realizing the secured asset?
a)
13(1)
b)
13(2)
c)
13(3)
d)
13(4)
48.
Bank of Baroda was founded by
a)
Maharaja Sayajirao Gaekwad II
b)
Maharaja Sayajirao Gaekwad I
c)
Maharaja Sayajirao Gaekwad III
d)
Maharaja Sayajirao Gaekwad V
49.
Our bank has a team of EDs
a)
2
b)
4
c)
3
d)
5
50.
Who among the following is/are our brand endorsers ?
a)
PV Sindhu
b)
K Srikanth
c)
Both (a) and (b)
d)
Rahul Dravid
51.
Which of the following is the mobile based learning app of BoB?
a)
Bob World
b)
Bob etrade
c)
Baroda Connect
d)
Baroda Gurukul
52.
Which of the following is the mobile banking app of BoB?
a)
Bob World
b)
Bob etrade
c)
Baroda Connect
d)
Baroda Gurukul
53.
Our Baroda Sun Logo reflects our …
a)
Brand Loyalty
b)
Integrity
c)
Corporate Brand Identity
d)
Customer centricity
54.
Which of the following is NOT one of our core values?
a)
Integrity
b)
Customer Centricity
c)
Courage
d)
Empathy
55.
Bank of Baroda was started with an initial paid up capital of Rs Lakh
a)
10
b)
5
c)
100
d)
20
56.
Bank of Baroda has Zonal Offices as on 18.07.2022
a)
10
b)
13
c)
15
d)
18
57.
Bank of Baroda has Regional Offices as on 18.07.2022
a)
148
b)
138
c)
120
d)
140
58.
Bank of Baroda opened its first overseas branch at?
a)
Dubai, UAE
b)
London, UK
c)
Mombasa, Kenya
d)
Kampala, Uganda
59.
Baroda GEMS stands for .
a)
Baroda Growth & Empowerment Management System
b)
Baroda Growth & Efficiency Management System
c)
Baroda Goal & Empowerment Management System
d)
Baroda Goal & Efficiency Management System
60.
Who is non-executive Chairman of our Bank?
a)
Mr Shantilal Jain
b)
Mr V S Khichi
c)
Dr Hasmukh Adhiya
d)
Mr Sanjiv Chadha
61.
Which of the following is not a subsidiary of Bank of Baroda?
a)
Baroda Asset Management India Limited
b)
Baroda Global Shared Services Ltd.
c)
India First Life Insurance Company Limited
d)
BOB Financial Solutions Limited
62.
Video based learning initiative of Bank of Baroda is known as
a)
Baroda Live radio
b)
Baroda Video
c)
Baroda Tube
d)
Baroda Gurukul Video
63.
Bank of Baroda does not have its presence in which of the following Social media platform?
a)
Twitter
b)
LinkedIn
c)
Snapchat
d)
Instagram
64.
Bank of Baroda has started FINTECH innovation centre in collaboration with which of the following institute?
a)
IIT- Delhi
b)
IIM- Ahmedabad
c)
ISB Hyderabad
d)
IIT- Bombay
65.
is the subsidiary of Bank of Baroda for the Back office functions established at Gift City, Gandhinagar?
a)
BOB Financial Solutions Limited
b)
India Infradebt Limited
c)
Baroda Global Shared Services Ltd.
d)
BOB Capital Markets
66.
Our Bank’s new HRMS portal is christened as
a)
Baroda HR- Connect
b)
Baroda HRMS Connect
c)
Baroda People Connect
d)
Baroda Employee Connect
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