Promotion Exams: Practice Test 06

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{Note: THIS MOCK TEST IS FOR YOUR PRACTICE PURPOSE. DONT SIMPLY SUBMIT WITHOUT ATTEMPTING MOCK TEST JUST FOR ANSWERS. LEARN CONCEPT & PRACTICE}

101). which of the following statement is correct:

1 point

a) Depreciation on Furniture and fixture and other electrical fitting: 25%

b) Depreciation on computers: 40%

c) Depreciation for intangible assets: 25%

d) Asset put use for more than 180 days in a year: depreciation for the full year

e) Asset used for less than 180da ys :the rate will be halved.

102). WHICH OF THE FOLLOWING STATEMENT IS INCORRECT?

1 point

a) Under which act cash is not paid for FDR – Above 20,000: Income tax act

b) LRS- liberalised remittance scheme USD 2,50,000 in a F Y

c) Surrender of Unused Forex: above USD 2000 within 180 days.

d) Middle of month as per UPCDC 600: 11th to 20th.

e) No Amount Mentioned in Garnishee Order: Full Amount

f) TDS on Rent Rs. 2,40,000 & above in a FY

g) Bulk Deposit: Rs. 2 Cr.

h) Locker Rent: 3 Years Locker rent + locker break opening charges

i) PMJDY – Rupay card insurance Rs 5 lakh

103). WHICH OF THE FOLLOWING STATEMENT IS INCORRECT?

1 point

a) Retail Exposure to individual limit: 7. 5 Crore (risk weight is: 75%) -

b) NULM minimum women below poverty line minimum: 70 % -

c)SMA 1 ACCOUNT overdue: 31 to 60 Days -

d)Risk weight for A Rated company from ICRA/ CARE: 50% -

e) The partnership where personal liability is exempted: LLP

f) PMAY what do you mean by Pucca house: All Weather Dwelling Unit.

g) GST on incentive paid by RBI for distribution of coins: 18%

h) The Maximum loan amount against shares are in demat form to Individuals: Rs 30 lakh margin - 25%

104). Which of the following statement is incorrect?

1 point

a) EEFC Account is a: current account in foreign currency

b) Guarantees/ letter of credit are included in: NFB advances shown as contingent liability

c) Cut off limit for declaration of wilful defaulters: RS 25 lakh and above

d) Partners liability in LLP: limited

e) CGTMSE cover: 75% of unsecured default amount

g) Asset classification under consortium: based on record of recovery of individual banks

g) NRLM - revolving fund (ONE time): RS 10000 to 15000

h) Marginal farmer land holding: up to 2 Hectare

105). CALCULATE CRAR OF THE BANK ASON 30.9.2021 Tier I capital: Rs 1500 cr, Tier II capital Rs 200 cr, Total risk weighted assets: Rs 15000

1 point

a)10.875%

b)11.5%

c) 11.33%

d) none of the above

106). Classification of NBFCs - as per RBI circular dated 22.10.2021, which of the following statement is correct:

1 point

a) Base layer

b) Middle layer

c) Upper layer

d) Top layer

e) All the above

107). Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks- RBI notification dated 2.11.2021- the key areas for monitoring in the revised framework under PCA . Which of the following statement is correct

1 point

a) Capital (Breach of either CRAR or CET 1 ratio)

b) Asset Quality

c) Leverage Ratio

d) All the above

108). What are the PCA matrix – Parameters, indicators and risk thresholds under Regulatory Minimum leverage ratio parameter:

1 point

a) Risk Threshold 1: Upto 50 bps below the regulatory minimum

b) Risk Threshold 2: More than 50 bps but not exceeding 100 bps below the regulatory minimum

c) Risk Threshold 3: More than 100 bps below the regulatory minimum

d) All the above.

109). PCA matrix – Parameters, indicators and risk thresholds- Parameter under NPA RATIO - risk thresh holds, which of the following statement is correct

1 point

a) Risk Threshold 1: >=6.0% but <9.0%

b) Risk Threshold 2: >=9.0% but < 12.0%

c) Risk Threshold 3:>=12.0%

d) all the above

110). Basel II- Pillar 3 related to:

1 point

a) CRAR

b) Supervisory review

c) Market discipline

d) none of the above

111). Long term sources Rs 600, Current assets Rs 600 .Total liabilities Rs 1000. Calculate current ratio:

1 point

a) 1.5:1

b) 2:1

c)1.25:1

d) none of the above

112). Known holiday means:

1 point

a) Holiday decaled at least 5 days before the date

b) Holiday declared at least 4 days before the date

c) Holiday declared at least before 3 working days before the date

d) None of the above

113). All banks having currency chests should ensure conducting of fire audits ———— by the officials from the district fire department

1 point

a) Once in two years

b) Once in 3 years

c) Once in 5 years

d) None of the above

114). CRE- commercial real estate advances provision on standard advances

1 point

a) 0.75%

b) 1%

c)0.25%

d) 0.40%

115). Accelerated provision (for nest 6 months) on the substandard unsecured advances ( in case of non-reporting under CRILC):

1 point

a)25%

b)40%

c)100

d) none of these

116). Capital charge requirement for operational risk under BIA- Basic indicator approach

1 point

a) 15% of previous 3 years average gross income

b) 25% of previous 3 years average gross income

c) 10% of previous 3 years average gross income

d) none of the above

117). Forex translation reserves are taken at a discount of ——————- and as part of Tier I capital (CET)

1 point

a) 55%

b) 25%

c) 40%

d) None of the above

118). Regulatory Retail portfolio definition:

1 point

a) Maximum exposure to a single counter party not exceeding RS 7.5 cr

b) Average turnover not exceeding RS 50 cr during the previous financial years

c) No aggregate exposure to one single counter party should not exceed0.2%of the overall R portfolio

d) all the above

119). Notice deposit - time limit for withdrawal of notice deposit:

1 point

a) 2 full bank working date notice is required

b) 3 full bank working date notice is required

c) 4 full bank working date notice is required

d) One full bank working date notice is required

120). Risk weight for Core Investment Companies

1 point

a) 20%

b) 75%

c) 100%

d)150%

121). Senior Citizen savings scheme 2004 - interest payment is:

1 point

a) Quarterly

b) Half yearly

c) Yearly

d) None of the above

122). Which of the following statement is correct

1 point

a) Trade credit: all in cost ceiling: Bench mark rate + 2.5%

b) ECB: all in cost ceiling: bench mark rate+ 4%

c) FCNR (B) rate of interest for deposit of 3 to 5 years: Bench mark interest rate+3%

d) All the above

123) Which of the following is true about SGB- Sovereign Gold Bond scheme:

1 point

a) INTEREST 2.5% fixed (Half yearly)

b) Minimum investment in the Bonds shall be one gram

c) Maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and

d) Max 20 kg for trusts and similar entities

e) All the above

124). LCR - Liquidity Coverage Ratio requirement for scheduled commercial banks w e f: 1.4.2021:

1 point

a) 80%

b) 90%

C) 100%

d) None of the above

125). Current ratio: 1.75:1, NWC is Rs 20 lakh, what is the amount of current assets?

1 point

a) 46.67 lakh

b) 45.67 lakh

c) 48.67 lakh

d) none of the above

126). DSCR CALCULATION: NET PROFIT: 240, DEPRECIATION 75, INTEREST ON TERM LOAN: 45, TERM LOAN INSTALMENT 75, WHAT IS DSCR?

1 point

a) 2.25:1

b) 1.50:1

c) 1.75:1

d) None of the above

127). Which of the following statement is correct:

1 point

a) Risk weight for advance given to AAA rated company: 20%

b) Risk weight for commercial real estate - residential housing: 75%

c) Retail loan exposure to individual’s upto Rs 7.5 cr

d) Risk weight for regulatory retail portfolio: 75%

e) All the above

128). Investment Fluctuation reserves are part of:

1 point

a) CET1- Common Equity Tier I capital

b) Tier I capital

c) Tier 2 capital without any cap

d) None of the above

129). Total outstanding loan RS 180 lakh, Value of security RS 80 lakh ECGC guarantee cover: 50%. Calculate provision on doubtful 1:

1 point

a) Rs 180 lakh

b) Rs 70 lakh

c) 82 lakh

d) None of the above

130). Operational risk assessment methods are:

1 point

a) BIA: Basic Indicator Approach

b) TSA: The Standardised Approach

c) AMA: Advanced Measurement Approach

d) All the above

131). Fixed cost Rs 300000, selling price Rs 50, variable cost Rs 20 , what is BEP in units?

1 point

a) 10000 Units

b) 5000 Units

c) 7500 Units

d) none of the above

132). CURRENT RATIO: 2:1, CURRENT ASSETS RS 240, QUICK RATIO 1:1, WHAT IS THE AMOUNT OF QUICK ASSETS:

1 point

a) 240

b) 120

c) 360

d) None of the above

133). Gold Monetisation scheme - what is short term, mid-term & long term

1 point

a) Short term 1- 3 years

b) Midterm 5-7 years

c) Long term 12-15 years

d) All the above

134). Restructuring cannot be done in case of:

1 point

a) Standard

b) Substandard

c) Doubtful

d) Loss

135). Countervailing letter of credit is also called as:

1 point

a) Red clause LC

b) Green clause LC

c) Revolving LC

d) Back to back LC

136). Buy back of Commercial Paper (CP) by the Company:

1 point

a) After 7 days from the Daye of issue

b) After 15 days from the date of issue

c) After 30 days from the date of issue

d) None of the above

137). SPOT USD/INR: 74.41/45.Importer submitted a bill for USD 10000, Margin 5 paisa, calculate INR payable by the importer:

1 point

a) 744100

b) 744500

c) 745000

d) none of the above

138). Revaluation reserves of the bank as on 30.9.2021 is Rs 10 ,000 cr. How much amount bank can take as part of CET 1 as on 30.9.2021?

1 point

a) 100000 cr

b) 5500 cr

c) 4500 cr

d) none of the above

139). Loan ledger balance outstanding: Rs 1 cr, value of security is Rs 40 lakh. Regarding NPA Provision, which of the following statement is correct in the following categories of NPA:

1 point

a) Provision on substandard Rs 15 lakh

b) Provision on Doubtful 1: Rs 70 lakh

c) Provision on doubtful II: Rs 76 lakh

d) Provision on doubtful III: Rs 1 cr

e) all the above statements are correct

140). Which of the following is relevant for valuation of investments:

1 point

a) IRR_ internal rate of return

b) NPV- net present value

c) Marked to market

d) None of the above

141) Medium risk customers are:

1 point

a) Real estate agents, restaurants,

b) Electronic goods merchants, cloth merchants,

c) Travels & tour agencies, transport companies

d) All the above

142). which of the following items are not part of Tier I capital

1 point

a) Revaluation reserves

b) Foreign Currency Translation reserves

c) Deferred Tax Assets - timing difference

d) Redeemable Non-Cumulative Preference Shares (RNCPS)

143). What are the latest changes made in priority sector advances RBI circulars

1 point

a) Education loans - not exceeding Rs 20 lakhs

b) Loans up to ₹10 lakh in metropolitan centres and up to ₹6 lakh in other centres for repairs

c) Loans up to ₹50 crore to Start-ups

d) Renewable Energy; Bank loans up to a limit of ₹30 crore to borrowers

e) All the above

144). Inter-branch account - provisioning for net debit balance: The net debit under all the categories of inter-branch accounts shall be aggregated and a provision equivalent to —- % of the aggregate net debit entries unreconciled for more than 6 months:

1 point

a) 100%

b) 25%

c) 50%

d) None of the above

145). Banks shall make ——- % provision in respect of all unreconciled debit entries in the Nostro accounts, which are outstanding for more than two years.

1 point

a) 25%

b) 50%

c) 100%

d) None of the above

146). Banks Short positions in Government securities being covered within a maximum period of—— months including the day of trade,

1 point

a) Three

b) 2 months

c) 1 months

d) None of the above

147). PMEGP maximum amount of loan under 2nd time loan for manufacturing unit:

1 point

a) 25 lakh

b) 10 lakh

c) 100 lakh

d) None of the above

148). Maximum number of directors in a private company:

1 point

a) 3

b) 2

c) 15

d) None of the above

149). Risk weight for consumer/personal loans:

1 point

a) 75%

b) 100%

c) 125%

d) None of the above

150). SGL (Subsidiary general ledger account) investments account with RBI can be viewed by the banks through

1 point

a) NDS OM

b) NDS

c) E-Kuber

d) none of these

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