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NPA Quiz OCT25

Total questions: 73

Worksheet time: 37mins

Name
Class
Date
1.
Outstanding of a loan account is Rs 10 lacs. Value of the security held is Rs 4 lacs. ECGC cover is 50%. This account remained doubtful for more than two years. Calculate the provisioning amount. ( in lacs )
a)
4.6
b)
5.6
c)
7
d)
10 lacs as account is in DB 3 category
2.
If any loan account become overdue on 18.04.2018 then it's NPA date will be
a)
16.07.2018
b)
31.07.2018
c)
17.07.2018
d)
30.09.2018
3.
Outstanding of a loan account is Rs 140 lacs. Value of the security held is Rs 50 lacs. NPA date is 30.09.2022. Calculate the provisioning amount as on 31.03.2023 ( in lacs )
a)
21 Lacs
b)
35 Lacs
c)
29 Lacs
d)
102.5 Lacs
4.
Outstanding of a loan account is Rs 120 lacs. Value of the security held is Rs 70 lacs. NPA date is 30.07.2020 Calculate the provisioning amountas on 31.03.2023 ( in lacs )
a)
78 Lacs
b)
67.5 Lacs
c)
30 Lacs
d)
120 Lacs as account is in DB 3 category
5.
Outstanding of a loan account is Rs 60 lacs. Value of the security held is Rs 20 lacs. ECGC cover is 75%. This account remained doubtful for more than three years. Calculate the provisioning amount as on 31.03.2023 (in lacs )
a)
18 Lacs
b)
30 Lacs
c)
15 Lacs
d)
60 Lacs as account is in DB 3 category
6.
Outstanding balance in a sub standard loan account is Rs 10 lacs and the value of security is Rs 2 lacs. Calculate the provisioning amount ( in lacs )
a)
1.5
b)
2.5
c)
2.3
d)
10
7.
Outstanding of a loan account is Rs 20 lacs. Value of the security held is Rs 16 lacs. This account remained NPA for more than one year. Calculate the provisioning amount as on 31.03.2023 ( in lacs )
a)
1.5
b)
2.3
c)
8
d)
5.5
8.
Outstanding of a loan account is Rs 5.50 lacs. Value of the security held is Rs 3 lacs. This account turned into doubtful asset on 31.03.2020. Calculate the provisioning amount as on 31.03.2023 ( in lacs )
a)
5.5
b)
1
c)
0.8
d)
3.7
9.
Outstanding of a loan account is Rs 42 lacs. Value of the security held is Rs 20 lacs. This account turned into doubtful asset on 31.03.2017. The account is covered under CGTMSE upto 75% with maximum up to 37.50 acs. Calculate the provisioning amount as on 30.03.2019 ( in lacs )
a)
13.5
b)
6
c)
11.6
d)
5.5
10.
A Loan become overdue on 24.06.2021 with o/s balance 185 lacs with realizable value of security 10 lacs. Calculate the provision as on 31.03.2022. (in lacs)
a)
185
b)
27.75
c)
46.25
d)
37
11.
In which of the following cases, compromise with sacrifice will NOT be accepted?
a)
Wilful defaulters
b)
When adequate security is available
c)
Both a and b
d)
Neither a and b
12.
Total amount required to settle the account as on date without compromise is called as___________
a)
Contractual dues
b)
Net Book Dues
c)
Notional Dues
d)
Legal dues
13.
Notional dues is calculated at the rate of ___________
a)
12% simple
b)
12% compounded
c)
8.5% simple
d)
10% compounded
14.
An NPA customer who has filed a suit against the bank has now approached for compromise. What should be done?
a)
Compromise cannot be accepted at all as per guidelines
b)
Compromise should be accepted and suit should continue
c)
Compromise may be accepted provided suit will be withdrawn
d)
Entire contractual amount should be demanded as a suit has been filed against the bank
15.
An NPA customer, whose account was classified as fraud and under CBI investigation, has approached for compromise. What should be done?
a)
Compromise should not be accepted at all
b)
Compromise may be accepted but investigation will continue
c)
Compromise may be accepted only after investigation is concluded
d)
Entire contractual amount should be demanded as it is a fraud account
16.
Branches are advised to incorporat which code in FINACLE system in all the NPA Borrower where OTS/compromise is sanctioned with payment term exceeds three months
a)
835
b)
850
c)
855
d)
860
17.
Expand the term SARFAESI
a)
Securitisation and Reconstruction of Financial Assets and Enforcement of Social Interest
b)
Securitisation and Reconstruction of Financial Assets and Enactment of Security Interest
c)
Securitisation and Reconstruction of Ferry Assets and Enforcement of Security Interest
d)
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest
18.
Which of the following statement is not true with respect to wilful defaulter?
a)
Financially capable to repay and yet does not do so
b)
One who diverts the funds for the purposes other than the fund was availed for
c)
With whom funds are not available in the form of assets as funds have been siphoned off
d)
Who has sold or disposed the property that was used as a security to obtain the loan
e)
All are true
19.
When was DRT's introduced for the first time in India?
a)
1991
b)
1992
c)
1993
d)
1994
20.
Sale by Private Treaty may be resorted to only if the attempt/s for sale of secured assets through public auction/inviting tenders failed at for__time/s
a)
one
b)
two
c)
three
d)
four
21.
Which department of our bank is required to report information on Non-co-operative borrowers (Global Operation) to CRILC under CRILC-Main on quarterly basis within 21 days from the close of the relevant quarter.
a)
Asset Quality and Credit Monitoring Department
b)
Credit Quality and Portfolio Monitoring Department
c)
Risk assessment and Monitoring Department
d)
Stressed Asset and management vertical
22.
Any amount due to the bank under any credit facility becomes__________, if it is not paid on the due date as per terms & conditions of sanctions.
a)
Overdue
b)
NPA
c)
Out of order
d)
SMA
23.
Under which section of Indian Penal Code (IPC) 1860, criminal action against willful defaulters can be initiated ?
a)
Section 403 and 415
b)
Section 402 and 411
c)
Section 315 and 411
d)
Section 315 and 418
24.
Which committee is competent authority to permit publication of photographs of willful defaulters in Newspaper
a)
ROCC
b)
ZOCC
c)
COE
d)
Review committee on wilful defaulter
25.
What is the cut off limit for reporting to RBI / CIC (Credit Information Companies) for wilful defaulter borrowers.
a)
20 Lacs
b)
25 Lacs
c)
30 Lacs
d)
35 Lacs
26.
What is the code to be incorporated in FINACLE system when a borrower is declared Red Flag Account
a)
865
b)
875
c)
877
d)
882
27.
If the Guarantor refuses to comply with the demand made by the Bank, despite having sufficient means to make payment of the dues, such guarantor would also be treated as a wilful defaulter provided that such guarantee was taken from non group corporate and individual guarantor on or after which date
a)
Sep 9, 2015
b)
Sep 9, 2014
c)
Sep 10, 2015
d)
Sep 10, 2014
28.

Committee of Executives on wilful defaulter is consist of ED or equivalent rank and two other senior officers of the rank of AGM.

(a)  

29.
Which of the following is not an essential ingredient to initiate action for enforcement of security under this act.
a)
There must be security agreement in which borrower is under liability of the secured creditor
b)
There must be a default in repayment of secured debt or installment thereof the account must be classified as Non-Performing Asset
c)
The security interest must be at least Rs 200000/-
30.
Under the provision of SARFAESI Act, 2002, the transaction of securitization is registered with
a)
Registrar of companies
b)
Registrar of Assurance
c)
Registrar of Firms
d)
Registrar of Central Registry
31.
Under which section of SARFAESI Act, 2002, the borrower is empowered to have “Right of Appeal” against the bank for taking possession of the property ?.
a)
13 (1)
b)
14(1)
c)
15(1)
d)
17(1)
32.
The CMM/CJM/DM has to pass suitable orders for taking possession of the secured assets within a period of _____ days from the date of application/receipt of affidavit of the AO. If in any case no order is passed within above days for the reasons beyond his control, the DM/CMM/CJM may, after recording reasons, pass order within such period, not exceeding __ days in aggregate
a)
15,30
b)
30,45
c)
30,60
d)
45,90
33.
under which section of SARFAESI Act, security interest has been defined ?
a)
Section 23
b)
Section 2(zf)
c)
Section 26D
d)
Section 3(df)
34.
Normally the SARFAESI action should not be stopped, deferred or delayed. However in exceptional circumstances, if SARFAESI action is to be stopped/delayed, who will be the competent authority for the same in case where dues are above RS 5 core and up to Rs 10 crore
a)
Regional Head
b)
Zonal Head
c)
General Manager SAMV
d)
Chief General Manager SAMV
35.
Borrower can represent against SARFAESI 13(2) notice under section_________, the same should be replied by the_______, within ____days from receipt of the same
a)
13(3), Branch Manager, 7 days
b)
13(4A), Authorize Officer, 15 days
c)
13(3A), Authorize Officer, 15 days
d)
13(3A), Branch Manager, 7 days
36.
Within how many days, the secured creditors to consider (to reply) the representation of the NPA borrower, if any, made by them after the demand notice is served to them under SARFAESI Act,2002
a)
7
b)
10
c)
15
d)
20
37.
After the successful bidding/auction of any charged security of NPA account and full and final payment by the bidder, the bank issue the certificate to the bidder, which is called
a)
Confirmation of auction
b)
Confirmation certificate
c)
Confirmation of account closure
d)
Sale certificate
38.
As per SARFAESI SOP Branch to issue 60 days Demand Notice under Section 13 (2) of the Act within_____days of date of NPA
a)
30
b)
7
c)
3
d)
15
39.
As per SARFAESI SOP Filing of Caveat with DRT/ High court to be done within How many days from possession ?
a)
7 days from symbolic possession
b)
10 days from symbolic possession
c)
3 days from symbolic possession
d)
20 days from symbolic possession
40.
Who has the authority to stop SARFAESI process dues upto Rs 5.00 cr
a)
Zonal Manager
b)
General Manager (CC)/CGM
c)
CGM/General Manager (CC), SAMV
d)
COCC-GM
41.

No SARFAESI action can be initiated against where CIRP proceedings is initiated

(a)  

42.
In consortium advances, the secured creditors representing not less than _____ % in value of the amount outstanding agree to initiation of SARFAESI action
a)
60
b)
75
c)
55
d)
45
43.
Secured creditors (bank) right to bid in sale can be exercised in
a)
First time sale
b)
Subsequent sale
c)
Thire bid
d)
last sale
44.
At what stage can SARFAESI action be stalled, if Borrower repays full dues(Right of redemption)
a)
Before issue of sale notice
b)
After issue of sale notice
c)
Any time before issue of sale certificate
d)
Before successful sale
45.
An agrieved person, can go to DRT for action by Bank under Sec 13(4) within how many days of such action
a)
15 days
b)
30days
c)
45 days
d)
No limit
46.
Any person who wants apeal against DRTs decision to do so within how many days
a)
30 days from receipt of order
b)
15 days from receipt of order
c)
45 days from receipt of order
d)
90 days from receipt of order
47.
under what section, registration with CERSAI is to be done
a)
23
b)
26D
c)
24
d)
13
48.

Right of enforcement of securities is subject to sec 26 D (if CERSAI registration not done, then bank cannot enforce security interest)

(a)  

49.
Where an appeal is preferred by any person against the DRT order, such appeal shall not be entertained by the DRAT unless______ of the amount of debt as dermined by DRT is deposited.
a)

30%

b)

40%

c)

50%

d)

75%

50.
If RC/ Decree is obtained on merit within a period of 12 months from filing suit or if Execution is concluded within 12 months from date of RC/decree, _____% the professional fees will be given as incentive
a)
0.25
b)
0.5
c)
0.65
d)
1
51.
What is validity period of CAVEAT?
a)
30 days
b)
45 days
c)
60 days
d)
90 days
52.
in case another secured creditors has initiated SARFAESI action on the same property mortgaed to bank, bank should file application before DRT under which section of SARFAESI act.
a)
under section 14
b)
under section 17
c)
under section 21
d)
under section 24
53.
If an advance account where only the repayment period is enhanced than the normal repayment period without changing other tems & conditions of original sanction then it is called as….
a)
Re-schedulement
b)
Re-phasement
c)
Re-structuring
d)
Special mention account
54.

Which section deals with takeover of the Management under SARFAESI Act?

a)

Sec9

b)

Sec10

c)

Sec13

d)

Sec15

55.

As per SARFAESI Act in case of Re-Auction the sale notice period is of____days

a)

30 days

b)

15 days

c)

45 days

d)

maximum 10 days

56.

As per IRAC norms, account in doubtful category with secured assets i.e. for more than 12 months but less than 36 months, the provision to be made is?

a)

20%

b)

25%

c)

40%

d)

100%

57.

In case of standard asset the general provision to be made against the total outstanding of direct agricultural loans and direct loans to Micro & Small Enterprise is ______%.

a)

0.25%

b)

0.40%

c)

1%

d)

0.75%

58.

If an account is more than -3- years in doubtful category with a balance of Rs10.00 lacs and security value of Rs 6.00 lacs. The amount of provision would be:

a)

4.00

b)

6.00

c)

7.50

d)

10.00

59.

Who has the power of bidding in an auction, after approval by MCB?

a)

Head (Estate Management)

b)

Regional Manager

c)

Zonal Manager

d)

Head (Legal)

60.

All NPA accounts of the Regions from Rs 300 lacs to below Rs 400 lacs can be transferred from branches to _________________

a)

ZOSARB

b)

ZOCC

c)

ROSARB

d)

RMCC

61.

Change in the pattern of debt service obligation is

a)

Rephasement

b)

Rescheduling

c)

Restructuring

d)

Resolution

62.

Restructuring would generally include (pick odd one out)

a)

Repayment period; Repayable amount; The amount of instalments

b)

Rate of interest; Roll over of credit facilities

c)

Sanction of additional credit facility; Enhancement of existing credit limits

d)

Compromise settlements where time for payment of settlement amount exceeds six months.

63.

Banks taking haircuts/ sacrifice on the debts for stressed assets during restructuring, as a part of Debt resolution, can stipulate a condition for recovering the sacrifice they make, in due course of time, upon successful rehabilitation. This right is called?

a)

Right of subrogation

b)

Right of appropriation

c)

Right of recompense

d)

Right of Lien

64.

Generally, when an account is restructured,

a)

All option are correct

b)

The account will be continued as stressed asset

c)

The account will be classified as NPA and cannot be upgraded during the whole restructuring period

d)

The account will be classified as NPA and can be upgraded as standard asset after demonstration of satisfactory performance during the “Specified period”

65.

For upgradation of restructured account, apart from satisfactory performance during specified period, rating of minimum BBB- is an additional condition, for aggregate exposure of lenders is

a)

Rs 100 crore and above

b)

Rs 500 crore and above

c)

Rs 250 crore and above

d)

Rs 1000 crore and above

66.

Which of the following accounts are eligible for the Lok Adalat?

a)

Suit Filed Accounts and Non Suit Filed NPA accounts

b)

New account and Fresh accounts

c)

Fresh Account above Rs. 5.00 crores

d)

Accounts which are taken over

e)

Sanctioned and regular accounts

67.

When the suit is filed against a Borrower on a mere Promissory Note or a Term Loan Agreement, wherein no security like mortgage, hypothecation etc., is to be enforced, then it is called as

a)

Mortgage Suit

b)

Money Suit

c)

Civil Suit

d)

Criminal Suit

e)

Summary Suit

68.

In a Summary suit, the Defendants should appear in the Court within ___________ days of service of summons and apply for leave to defend. Otherwise the Plaintiff shall be entitled to get Decree in his favor, in terms of the claim in the Plaint

a)

12

b)

7

c)

10

d)

15

e)

30

69.

Under Recovery under Public Money Recovery act, on application by Bank, Recovery certificates will be issued by

a)

Judge

b)

District Collector / Competent Revenue Authority

c)

Registrar

d)

Any one of the above

70.

The ZIAD should ensure that ____% of the total branches audited during the previous quarter are covered in the compliance audit

a)

5%

b)

10%

c)

25%

d)

3%

71.

The Balance outstanding in the various accounts of the borrower less unrealized interest /uncollected charges, which are subject to reversal, is known as

a)

Net present value

b)

Outstanding book dues

c)

Future present value

d)

Sanctioned amount

e)

Net Book Dues

72.

For the purpose of deciding the level of authority for sanction of compromise, notional interest shall be calculated at @................. or @ contractual rate whichever is less

a)

Base Rate + Maximum Spread p.a. Simple

b)

12% p.a. Compounded

c)

8.50 % p.a. Simple

d)

12% p.a. Simple

e)

Contractual Rate + 2% p.a. Simple

73.

The difference between agreed amount and the total actual dues is to be borne by the bank. It consists of write off and/ or waiver. The amount forgone by the Bank is called as ____

a)

Waiver

b)

Write Off

c)

Sacrifice

d)

Contractual

e)

Notional

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