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WorksheetsThe Banking Updates Mock Test-15/22-23
Total questions: 28
Worksheet time: 6mins
Name
Class
Date
1.
NAME
4 lines
2.
BANK NAME
4 lines
3.
CONTACT NO
4 lines
4.
1. While opening account through V-CIP, In case of offline verification of Aadhaar using XML file or Aadhaar Secure QR Code, it shall be ensured that the XML file or QR code generation date is not older than ______ from the date of carrying out V-CIP.
a)
7 days
b)
3 days
c)
48 hours
d)
15 days
5.
2. Which of the following is not correct with respect to small accounts?
a)
The aggregate of all credits in a financial year does not exceed rupees one lakh
b)
The aggregate of all withdrawals and transfers in a month does not exceed rupees ten thousan
c)
The balance at any point of time does not exceed rupees fifty thousand.
d)
None of these
6.
3. Which of risk is associated with unhedged foreign currency exposure?
a)
Interest Rate Risk
b)
Counterparty risk
c)
Market Risk
d)
All of these
7.
4. As per priority sector lending norms, all domestic banks (other than UCBs) and foreign banks with more than 20 branches are directed to ensure that the overall lending to Non-Corporate Farmers (NCFs) does not fall below the system-wide average of the last _______ years’ achievement which will be separately notified every year.
a)
Preceeding Financial Year
b)
3 years
c)
2 years
d)
5 years
8.
5. Which of the following Education loan Interest subsidy scheme since discontinued from FY 2022-23
a)
Padho Pardesh
b)
CISS-Interest Subsidy
c)
Dr. Ambedkar Scheme of Interest Subsidy on Educational Loan for Overseas Studies for OBCs & EBCs
d)
None of these
9.
6. Which type of charge is created when the security is in the form of Term Deposit Receipt?
a)
Hypothecation
b)
Assignment
c)
Lien/Pledge
d)
Mortgage
10.
7. The letter 'D' stands for _________ in FIMMDA
a)
Deposite
b)
Derivative
c)
Domestic
d)
None of these
11.
8. IRAC Norms were introduced with recommendation of which committee?
a)
Narasimham committee
b)
Tarapore Committee
c)
Ghosh Committee
d)
Kapoor Committee
12.
9. Banks are not supposed to take collateral for MSE Loans up to Rs_____
a)
Rs.5.00 Lakhs
b)
Rs.1.60 Lakhs
c)
Rs.15.00 Lakhs
d)
Rs.10.00 Lakhs
13.
10. NABARD provides support to Banks directly or to BC /NGOs, in the form of Financial Incentive @ Rs. _______/ per JLG for promotion and bank linkage of JLGs, training and mentoring, etc.
a)
Rs.2000/-
b)
Rs.4000/-
c)
Rs.5000/-
d)
Rs.10000/-
14.
11.As per Consumer Protection Act, any person aggrieved by an order made by the District Commission may prefer an appeal against such order to the …................... on the grounds of facts or law within a period of …................... from the date of the order.
a)
State Commission and 45 days
b)
High Court and 45 days
c)
State Commission and 30 days
d)
State commission and 60 days
15.
12.As per consumer protection act, for filing appeal by a person, who is required to pay any amount in terms of an order of the District Commission or State Commission, shall be required to deposit ….......... per cent of that amount in the manner as may be prescribed.
a)
25 percent
b)
50 percent
c)
30 percent
d)
No deposit required
16.
13. Under SPOT Rate, in forex deal, the settlement of funda takes place on
a)
Same day of deat
b)
Next day of deal
c)
2nd working day following the date of deal
d)
3rd working day following the date of deal
17.
14. Crystallization of Foreign currency liability into rupee liability, in case of non-payment of export bills on the due date are to be done at;
a)
TT Selling Rate
b)
Bills selling rate
c)
TT Buying rate
d)
Bills buying rate
18.
15. What is the Normal Transit period in case of export usance bills
a)
25 days
b)
20 days
c)
Not Applicable
d)
None of the above
19.
16. Risk arising due to crystallization of contingent liabilities is termed as;
a)
Credit Risk
b)
Basis Risk
c)
Call Risk
d)
Embeded option risk
20.
17. As per BASEL-III, what is the minimum common equity Tier-I capital requirement for Banks in India including Capital Conservation buffer?
a)
5.5 percent
b)
7.00 percent
c)
8.00 percent
d)
9.00 percent
21.
18. A corporate credit exposure with external long term rating AA will attract Risk Weight of _______%
a)
20 percent
b)
100 percent
c)
50 percent
d)
30 percent
22.
19. Under Basic Indicator approach for Operational Risk management, Banks are to hold capital for operational risk equal to _______
a)
15% of average last 3 years Net Profit.
b)
15% of average last 3 years positive annual gross income.
c)
15% of average last 3 years Gross Income or loss
d)
10% of average last 3 years Gross Income or loss
23.
20. Integrated treasury in Banks refers to
a)
Computerization of treasury and credit operations
b)
Centralization of Back office and all forex Branches
c)
Linking of all AD Branches through one intranet
d)
Integration of money market, securities market and foreign exchange operations
24.
21. What is the amount allocated under Union Budget 2023-24 for MNREGA?
a)
Rs.72000 cr
b)
Rs.60000 cr
c)
Rs.45000 cr
d)
Rs.78000 cr
25.
22. As announced in union budget, what is the target set under agriculture credit for FY 2023-24?
a)
Ans. Rs.18.50 Lakh crore
b)
Rs.22.00 Lakh crore
c)
Rs.20.00 Lakh crore
d)
Rs.25.00 Lakh crore
26.
23. As per announcement in Union budget 2023-24, Computerization of ______ number of Primary Agricultural Credit Societies (PACS) with an investment of ₹2,516 crore initiated.
a)
20000
b)
63000
c)
75000
d)
43000
27.
24. As announced in Union budget, the limit of tax exemption on leave encashment on retirement of non-government salaried employees has
been increased from ₹3 lakh to ₹_____.
a)
10 lakh
b)
20 lakh
c)
15 lakh
d)
25 lakh
28.
25. The maximum deposit limit under Senior Citizen Savings Scheme to be enhanced from Rs 15 lakh to Rs________
a)
30 lakh
b)
25 lakh
c)
20 lakh
d)
40 lakh
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