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THE WINGS-2014
(STUDY MATERIAL FOR PROMOTION EXAMINATIONS)
PREPARED BY
TEAM SBLC, MASULIPATNAM
STATE BANK LEARNING CENTRE

MASULIPATNAM-521002
ANDHRA PRADESH

MASULIPATNAM 521 002
KRISHNA DIST. ANDHRA PRADESH
Phone: 08672-250078 (AGM) 08672- 251548 (Office) ( FAX: 08672-251546
IP: 903191
Emai: stc.mptm@sbi.co.in
Date : 21st April, 2014
Dear colleagues,
THE WINGS-2014
A STUDY MATERIAL FOR ALL PROMOTION EXAMINATIONS
We are very happy to bring forth THE WINGS-2014, a compilation of study material
which could be of use for promotion examinations in the coming months.
2. Over the last couple of years, THE WINGS & SADHANA SERIES have become very
popular among all the career oriented employees/officials of our Bank. The Wings-2013
& Sadhana Series -2013 evoked tremendous response from the various users. The
happiest and relishing thing is that the appreciations have poured in not only from
various parts of the country but also from some of the colleagues working abroad. With
lots and lots of new users being added, there is a great demand for the release of THE
WINGS-2014.
3. A word of caution to the users of the book. While we have taken every care and
precaution in compiling the material error-free, a few mistakes might have crept in
inadvertently. Neither the Bank nor the SBLC owns up any responsibility for
controversies, if any, arising out of this compilation.
4. All the faculty members presently working at the SBLC have contributed to this effort.
The Team SBLC, Masulipatnam wishes all the users the best of luck in their endeavours
to gain more knowledge and elevation in service.
Asst General Manager

MASULIPATNAM - 521002
KRISHNA DISTRICT - ANDHRA RPADESH
TEAM SBLC MASULIPATNAM
S.NO.
NAME
CELL NO.
EMAIL ID @sbi.co.in
1.
Shri. D. Syam Prasad

Assistant General Manager
9866502240
ds.prasad
2.
Shri. M. Sai Chakradhar

Chief Manager (Trg.)
9989211097
ms.chakradhar
3.
Smt. B. Savithri
Manager (Trg.)
9959111096
savithri.ausekar
4.
Shri. S. Sivajee
Manager (Trg.)
9666665946
sivajee.s
5.
Shri. P. Padma Babu Goud

Manager (Trg.)
9989389685
pallem.goud
6.
Shri. R. Prabhakara Rao

Manager (Trg.)
8008801272
reka.rao
7.
Shri. B. Chakrapani
Manager (Trg.)
9000169123
bc.pani
8.
Shri. K. Bala Subramanyam

Administrative Officer
9704944424
k.balasubramanyam
9.
MS Maria Begum
Assistant
8142717999
maria.begum
10.
Shri K.Rajesh Kumar

Assistant
9966550016
karri.kumar
Office Phone Nos.

AGM
Office
Fax
IP
EMAIL
: 08672-250078
: 08672-251548
: 08672-251564
: 903191
: stc.mptm@sbi.co.in
THE WINGS 2014
SBLC, MASULIPATNAM
COMMERCIAL & INSTITUTIONAL FINANCE (C&I)
Compiled by Shri M Sai Chakradhar, Chief Manager (Training)

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1. What are two types of Ratings we have in New CRA?

a) Regular & Simplified Ratings
b) Borrower & Facility Ratings
c) WC & TL Ratings
d) None of these
CRA 2007 is applicable for all advance accounts with aggregate exposure(Fund
based+Non fund based) of _______
a) Rs 5 lacs and above
b) Rs 1 crore and above
c) Rs 25 lacs and above
d) Rs 5 crores and above
How many risk rating grades are there in CRA-2007?
a) 16
b) 10
c) 8
d) 15
CRA 2007 is applicable for all advance accounts with aggregate exposure(Fund
based+Non fund based) of _______
a) Rs.5 lacs and above
b) Rs 25 lacs and above
c) Rs 1 crore and above
d) Rs 5 crores and above
What is the hurdle rate under New CRA-2007?
a) SB- 5
b) SB- 4
d) SB- 10
c) SB- 8
Opinion reports on Borrowers / Guarantors are to be updated at --a) Quarterly intervals
b) Half yearly intervals
c) at yearly intervals irrespective of
d) at the time of renewal /
review / renewal
enhancement of of limits
Financial Follow up Reports (FFRs) to be submitted by borrowal accounts with
FBWC limits of
a) Rs 5 Crore and above
b) Rs 2 Crores and above
c) Rs 1 Crore and above
d) Rs 3 Crores and above
FFR I should be submitted at
a) Quarterly intervals within 6 weeks b) Quarterly intervals within 6 weeks
from the completion of the quarter
c) Half yearly intervals within 6
d) Half yearly intervals within 8 weeks
weeks from the completion of the
from the completion of the Half
Half year
year
What do you mean by specified securities?
a) stocks, funds and securities b) receipts, certificates or any other
(other than immovable property)
form of instrument issued by the
in which a trustee may invest trust
State Bank in evidence of or
money under any law for the time
representing amounts deposited
being in force in India;
with it
c) any other security that may be d) All of the above
specified by the Central Board
FFR II should be submitted at
a) Quarterly intervals within 6 weeks b) Half yearly intervals within 8 weeks
year
c) Quarterly intervals within 6 weeks d) Half yearly intervals within 6 weeks
year
Page 1 of 141
THE WINGS 2014

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SBLC, MASULIPATNAM
Prudential exposure limits for single and group borrowers other than
infrastructure projects is:a) 15% of the capital (Tier I and Tier b) 25% for individual borrowers and
II Capital) of the Bank for single
50% for group of borrowers
and 40% for the group of
borrowers
c) 20% of the capital of the Bank for d) None of the above
individual and 50% for the group
of borrowers
What constitutes exposure?
a) Includes both FB and NFB limits b) Loans and advances sanctioned to
sanctioned to the borrowers
the borrowers
c) Includes FB and NFB facilities, d) all of the above
investments, underwriting and
any other commitment
What are the substantial exposure norms for single borrower specified by our
Bank?
a) 15% of the Tire I and Tire II b) 7.5% of the Tire I and Tire II capital
capital of the Bank
of the Bank.
d) None of the above.
c) Rs. 20 crores
What are the prudential exposure norms for non-corporate and non-individual
borrowers?
a) Rs.80 crores
b) 100 crores
c) Rs. 50 crores
d) 25 crores
What is the loan policy guideline of the Bank in respect of maturity of loans
(inclusive of gestation period)?
a) 8 years
b) 5 years
c) 7 years
d) 9 years
What is the indicative bench mark of the Bank in respect of Current Ratio for
Manufacturing units?
b) 1.50
a) 1.25
c) 1
d) 1.33
To assess the financial soundness of the unit, what is the reasonable TOL/TNW
prescribed by the Bank for Trade and Service Units?
a) 2:1
b) 5:1
c) 4:1
d) 3:1
What is the indicative Net Debt Service Coverage Ratio prescribed by the
Bank?
a) 3:1
b) 1.75:1
d) 1.50:1
c) 2:1
What is the indicative Gross Debt Service Coverage Ratio prescribed by the
Bank?
a) 3:1
b) 1.75:1
c) 2:1
d) 1.50:1
What is the indicative Debt Equity Gearing prescribed by the Bank for Trade &
Service Units?
a) 1.50 : 1
b) 2.25: 1
d) 2: 1
c) 1.75:1
Page 2 of 141
THE WINGS 2014

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SBLC, MASULIPATNAM
Selective Credit Control directives issued by RBI will not cover the following
aspects of advances
a) monetary ceiling per borrower
b) Interest rate on advances
c) overall ceiling for the Bank as a d) Margin on advances
whole in respect of a particular
commodity
What is the main objective of Selective Credit Control
a) To control the loaning activities of b) To regularize rate of interest on
the Banks
particular types of commodities
c) To control the level of advances d) To prevent speculative holding of
to a particular trade / industry
essential commodities with the
help of Bank Credit
What is the validity period of administrative clearance (AC) accorded by the
CCC/CCCC?
a) 3 months
b) 2 months
c) 8 weeks
d) 12months
What are the three major components of post-sanction credit process?
of
security, b) Inspection, follow-up and recovery
a) Creation
documentation and disbursement
c) Follow-up,
supervision
and d) None of the above
Control
Follow-up function include one of these jobs
of
security
and b) Pre-sanction Inspection
a) creation
documentation
c) Sanction of the loan
d) Application,
appraisal
and
recommendations
Supervision function include one of these jobs
a) Periodical classification of assets b) Documentation and creation of
as per IRAC norms
charge
c) Obtention of Stock Statements
d) Verification of books, registers and
statements periodically
Cash Budget method used commonly for the following types of borrowers
a) for SSI units of Rs.25 lacs and b) For C&I units of Rs.1 crore and
above
above
c) for traders
d) for seasonal industries like sugar,
tea and for construction activity
PBS method of assessment will be applicable to the following types of accounts
a) Borrowers
engaged
in b) Borrowers requiring FB Limits of
manufacturing,
services
and
Rs25 lacs and above
trading and agricultural activities
c) For borrowers with FB Limit d) none of the above
requirement of above Rs.5 crores
Turn Over method is applicable for the following credit limits
a) For all units whose working b) For manufacturing units whose wc
capital requirement is upto Rs.1
requirements is upto Rs.2 crores
crore
c) For manufacturing, trade and d) None of the above
services units whose working
capital requirement is upto Rs. 5
crores
Page 3 of 141
THE WINGS 2014

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SBLC, MASULIPATNAM
What do you mean by ABF method? (Assessed Bank Finance)

a) It is the amount of Limit b) It is one of the WC assessment
sanctioned to the unit
method
c) it is a part and parcel of PBF d) none of the above
method of WC assessment
Demand Bills purchased and received at the realization branch are called:a) Demand Bills Received for b) Local Short Credits
Realization
c) Bank Bills Receivable
d) none the above
What do you mean by Documentary Bill?
a) Bills drawn on stamped paper, by b) Bills supported by documents
Document Writers
c) Where the bills are supported by d) Where the bills are not supported
RRs, LRs or BoL which are
by documents of title to goods
otherwise known as documents of
title to goods
What do you mean by Supply Bills?
a) Bills arising on account of supply b) Bills submitted by the Suppliers for
of goods to Government
collection
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c) Bills sent by various traders for d) None of the above

the supply of stationery / furniture
etc. to the Bank
In case of BGs issued on behalf of partnership firm the counter guarantee must
be signed by
a) at least two partners of the firm
b) all the partners of the firm
c) Managing Partner of the firm
d) Managing Partner and another
partner
What are the main statements used for analysis of Financial Statements
a) Balance Sheet
b) Balance Sheet and Profit & Loss
Account
c) Balance Sheet , Profit & Loss d) Balance Sheet, Profit & Loss
Account
and Funds Flow
Account, Funds Flow Statement
Statement
and Cash Flow statement
Which one of the following is not a Current Liability?
a) Income tax dues payable
b) Term Loan installments payable
within a year
c) salaries / rents / wages payable
d) Long Term Deposits obtained to
supply goods on credit
What do you mean by PBDIT?
a) Profit before depreciation, interest b) Profit before discount, interest and
and taxes
taxes
c) Net Profit
d) Operational profit
What do you mean by Net Working Capital?
a) Total working capital required by b) Liquid surplus (i.e. CA CL)
the unit
c) Working capital limits sanctioned d) Margin of working capital brought
by the Bank
in by the borrowing unit
Page 4 of 141
THE WINGS 2014

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SBLC, MASULIPATNAM
What do you mean by TNW?

a) Fixed Assets Long Term b) Total Capital of the unit
Liabilities
c) Capital + free reserves d) None of the above
intangible assets
Which one of these ratios is not a Liquidity ratio?
a) Acid Test Ratio (CAb) TOL / TNW (Total Outside
Stocks/Inventory/(CL-Bank
Liabilities/Tangible Net Worth)
Borrowings)
c) Current Ratio (Current
d) Quick Ratio (Current AssetsAssets/Current Liabilities)
Stocks
or
Inventory/Current
Liabilities)
Which one of these ratios is not a Operating Ratio?
a) Inventory Turnover Ratio(Net b) Gross Profit Margin Ratio(Gross
Sales / Inventory)
Profit/Total Sales x 100)
c) Average collection period d) Assets Turnover Ratio(Net Sales /
days/months(Sundry
Total Assets)
Debtors/Credit Sales X 365)
Which one of these ratios is not a Profitability Ratio?
b) Return on Capital Employed
a) Gross Profit Margin Ratio
(PBDIT/Total Assets)
c) Net Profit Margin Ratio(Net Profit d) TOL/TNW
/ Total Assets x 100)
Which one of these ratios is not a Coverage Ratio?
a) Debt Service Coverage Ratio b) Gross DSCR (PAT+Dep.+ Interest
(PAT+Depreciation /instalments)
/ Instalments + Interest)
d) TOL/TNW
c) Interest Coverage ratio
(PBDIT/Interest)
Which one of these ratios is not a leverage ratio?
a) Debit / Equity Ratio (Term b) Assets Turnover ratio (Sales / Total
Liabilities/ TNW)
Assets)
d) None of the above
c) TOL/TNW
What is a healthy practice in funds flows?
a) long term deficit must be met from b) long term deficit must be met from
short term sources
long term sources
c) short term deficit must be met d) short term deficit must be met from
from long term sources
short term sources
Break-even analysis is useful to find out
a) Break-even Fixed Assets
b) Break-even sales
d) None of these
c) Break-even staff strength
Sensitivity analysis does not study the impact of profits on account of changes
in the following:a) Volume of sales
b) Price of Product
c) Costs of production
d) Volume of production
What do you mean by contribution?
a) Fixed Cost Variable Cost
b) Variable Cost Fixed Cost
c) Sales Price Variable Cost
d) Sales Price Fixed Cost
Under New CRA, both borrower rating and facility rating is required under
b) Regular Model
a) Simplified Regular
c) Simplified Model
d) None of these
Page 5 of 141
THE WINGS 2014

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We have to prepare both Borrower wise and Facility wise rating for Customers
whose FB+NFB Requirements are above
a) Rs.50 lacs
b) Rs.2 crores
c) Rs.25 lacs
d) Rs.5 crores
As per the Basel II norms, the Credit Conversion Factor for Documentary LCs is
a) 20%
b) 25%
c) 50%
d) 100%
Benchmark levels for Current Ratio for other than Manufacturing units with
FBWC limits < Rs. 5 crores is (as per loan policy)
a) 1.30
b) 1.00
c) 1.20
d) 1.33
Cost of Sales is
a) Cost of Production + Selling,
b) Cost of Production - Non Operating
General & Administration Exp
Expenses
c) Cost of Production + Op Stock of d) Cost of Production + Op. St. of FG
SIP - Cl Stock of SIP
- Cl. St. of FG
While analyzing Balance Sheet , Deferred Tax Assets are classified as
a) Current Assets
b) Non Current Assets
d) Intangible Assets
c) Fixed Assets
Benchmark levels for Project Debt Equity as per loan policy is
a) 3:1
b) 4:1
d) 2:1
c) 1:1
Substantial Exposure is reckoned as ------ % of Bank's Capital Funds for a
Group of borrowers
a) 5.00
b) 10.00
c) 2.5
d) 15.00
Cash Flow Statement classifies cash flows from these activities
b) Financing & Investing
a) Operating, Accounting &
Financing
c) Operating & Investing
d) Operating, Investing & Financing
To ensure 'End Use of Funds', the best tool is
b) Operating Statement
a) Cash Flow Statement
c) Cash Budget
d) Funds Flow Statement
While analyzing Balance Sheet, Software related CAPEX is classified as
a) Current Assets
b) Intangible Assets
c) Fixed Assets
d) Non Current Assets
While analyzing Balance Sheet , Advances paid to suppliers of raw materials' is
classified as
a) Non Current Assets
c) Fixed Assets
d) Current Assets
While analyzing Balance Sheet , 'Advances to suppliers of Capital Goods' is
classified as
a) Current Assets
c) Fixed Assets
d) Non Current Assets
Receivables to Gross Sales falls in category of
a) Liquidity ratios
b) Solvency ratios
c) Turnover ratios
d) Coverage ratios
Page 6 of 141
THE WINGS 2014

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SBLC, MASULIPATNAM
Current Ratio benchmarks for 'trade' are

a) 1 for limit upto Rs.1 crore and
b)
1.20 thereafter
c) 1 for limit upto Rs.5 crore and
d)
1.20 thereafter
FFR II pertains to
a) Projections for next quarter
b)
1.20 for limit upto Rs 5 crore and

1.33 thereafter
1 for limit upto Rs.2 crore and 1.20
thereafter
P&L Funds flow of the next half

year
d) Projections of next half year
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c) P&L Funds flow of the previous

half year
While analyzing Balance Sheet , 'Term Loan installments falling due in
_______' are classified as Current Liabilities
a) within next 6 months
b) within next 9 months
c) within next 3months
d) within next 12 months
According to Basel-II, a corporate is a unit having annual turnover of--a) 50Cr & above for average 3 yrs
b) 50Crore & above for average 5 yrs
c) 100Cr & above for average 3 yrs
d) 100Cr & above for average 5 yrs
For a limit of Rs.100 lac, sanctioned for an Agricultural Unit, you use which form
of CRA?
a) Trading Model (Simple)
b) Trading Model (Regular)
c) Manufacturing (Simple)
d) Manufacturing (Regular)
As per the guidelines of the bank, audited financials need not be obtained for
limits up to Rs-----.
b) 25 Lac
a) <25 Lac
c) <10 Lac
d) 10 Lac
What is DTL?
a) Debt to Liability
b) Debt Taken as Loan
d) Differed Total Liability
c) Differed Tax Liability
If DTL is there in the Financial Statements, where it has to be shown on
Balance Sheet?
a) As an Asset
b) As a term liability
c) As a current liability
d) As a Net Worth item
ANSWERS
1
11
21
31
41
51
61
b
a
b
a
b
a
d
2
12
22
32
42
52
62
c
d
d
c
d
c
c
3
13
23
33
43
53
63
a
b
c
a
d
d
c
4
14
24
34
44
54
64
b
b
c
b
b
d
c
5
15
25
35
45
55
65
d
a
a
d
c
d
d
6
16
26
36
46
56
66
c
d
d
d
b
d
a
Page 7 of 141
7
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a
b
d
a
d
d
c
8
18
28
38
48
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68
a
c
c
b
c
d
b
9
19
29
39
49
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69
d
b
c
c
b
b
c
10
20
30
40
50
60
70
b
d
c
b
d
d
d
THE WINGS 2014
SBLC, MASULIPATNAM
SME ADVANCES
Compiled by Shri M.Sai Chakradhar, Chief Manager (Training)

Please choose correct answer from the given alternatives
1. Power Jyothi is a
a) SB account for fee collection.
b) Current A/c for bill receipts.
c) A Current A/c for fee collection
2. e-DFS facility is for
a) financing dealers of companies. b) financing share brokers.
c) financing realtors.
d) financing dealers of stock exchanges.
3. Whenever S Format is used for assessment, control/review of the proposal will
be done in
a) AC Format b) SA Format
c) AS Format
d) S-1 Format
4. RBI can conduct financial inspection of individual banks under
a) Section 34 of RBI Act
b) Section 35 of RBI Act
c) Section 31 of RBI Act
d) Section 32 of RBI Act
5. S Format is used for
a) Assessment and appraisal of small loans.
b) Assessment and appraisal of loans up to Rs.25.00 lakhs
c) Assessment and appraisal of loans above Rs.25.00 lakhs.
d) Assessment and appraisal of loans above Rs.5.00 Crores.
6. CGTMSE stands for
a) Credit Guarantee Fund Trust for Micro and Small Enterprises
b) Credit Guarantee Trust for Medium Scale Industries
c) Credit General Trust for Medium and Small Enterprises.
d) Collateral Guarantee Trust for Medium Scale Enterprises.
7. For advance to a retail trader to be classified under SBF, the limit should not
exceed
a) Rs.20.00 lakhs
b) Rs.10.00 lakhs
c) Rs.12.00 lakhs
d) Rs.50.00 lakhs
8. Traders Easy Loan is sanctioned for a period of
a) 2 years subject to annual review.
b) 1 year only.
c) 3 years subject to annual review.
d) 2 years and no annual review.
9. The outer limit for original investment in P&M for a unit to be classified as micro
enterprise is
a) Rs.25.00 lakhs excluding L&B
b) Rs.25.00 lakhs including L&B
c) Rs.10.00 lakhs excluding L&B
d) Rs.10.00 lakhs including L&B
10. A manufacturing unit with original investment in P&M more than Rs.5.00 Cr but
doesnt exceed Rs.10.00 Cr is classified under MSMED act as
a) Micro enterprise
b) Small enterprise
c) Medium enterprise
d) Not applicable.
11. The outer limit for original investment in equipment of a service enterprise to be
classified as micro enterprise is Rs. _________ lakhs.
a) 5.00
b) 10.00
c) 7.50
d) 20.00
Page 8 of 141
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SBLC, MASULIPATNAM
12. SME car loan can be

a. Extended to customer of other banks after obtaining NOC from their bank.
b. Extended to customer of other banks without obtaining NOC from their bank
and the same need not be informed to their bank.
c. Extended to customer of other banks without obtaining NOC from their bank,
but the sanction of loan to be advised.
d. None of the above.
13. As per RBI guidelines, how much of the advances to Micro & Small enterprises
should go to Micro enterprises (manufacturing) having investment in P&M up to
Rs.5.00 lakhs and micro enterprises (services) having investment in equipment
up to Rs.2.00 lakhs ?
a) 40%
b) 20%
c) 50%
d) 35%
14. As per RBI guidelines, how much of the advances to Micro & Small Enterprises
should go to Micro enterprises (manufacturing) having investment in P&M above
Rs.5.00 lakhs and up to Rs.25.00 lakhs and Micro enterprises (services) having
investment in equipment above Rs.2.00 lakhs and up to Rs.10.00 lakhs.
a) 40%
b) 20%
c) 50%
d) 35%
15. As per RBI guidelines, what is the share of Micro enterprise advances as part of
total advances to MSE (Micro & Small Enterprises).
a) 50%
b) 80%
c) 60%
d) 55%
16. As per Prime Ministers task force on MSMEs (Micro, small and medium
enterprises), the credit growth rate recommended for this sector is
a) 25%
b) 10%
c) 15%
d) 20%
17. As per Prime Ministers task force on MSMEs (Micro, small and medium
enterprises), the no of accounts growth rate recommended for this sector is
a) 10%
b) 15%
c) 17%
d) 12%
18. Recently SBI has launched SME POWER which is
a) A bundle of 7 different products b) a bundle of 8 different products
c) A bundle of 8 different C/As
19. Which of the following are names offered under SME Power?
a. power pack, power premium, power lite & power base
b. power pack, power premium, power plan & power base
c. power pack, power plan , power prudential & power core.
d. Power pack, power proof, power plan & power core.
20. The variants under SME power are offered to SME customers who can maintain :
a. QAB of Rs.20,000/- to Rs.5,00,000/b. Monthly average balances of Rs.20,000/- to Rs.5,00,000/c. QAB of Rs.50,000/- to Rs.5,00,000/d. Monthly average balance of Rs.50,000/- to Rs.5,00,000/21. Of all the variants of SME Power, the superior variant is
a. Power Pack
b. Power premium
c. Power core
d. Power base
22. Of all the variants of SME Power, the inferior variant is
a. Power gain
b. Power premium
c. Power base
d. Power lite
Page 9 of 141
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SBLC, MASULIPATNAM
23. As per recent RBI guidelines

a. No collateral should be accepted for all MSE sector manufacturing loans up to
Rs.10.00 lakhs.
b. No collateral should be accepted for all MSE sector service enterprise loans
up to Rs.5.00 lakhs
c. No collateral should be accepted for all MSE sector manufacturing & servoice
sector loans up to Rs.5.00 lakhs
d. No collateral should be accepted for all MSE sector manufacturing and
service sector loans up to Rs.10.00 lakhs
24. SMECFL (SME collateral free loans) are available for limits
a. From Rs.5.00 lakhs to Rs.1.00 Crores.
b. From Rs.10.00 lakhs to Rs.1.00 Crores.
c. Up to Rs.10.00 lakhs.
d. None of the above.
25. Primary security in the context of CGTMSE mean
a. Assets created out of the credit facility
b. Land & building of factory/office/ godown etc which pertains to the unit and
associated with the project and is unencumbered.
c. Personal guarantee of the proprietor.
d. All the above.
26. Advances to manufacturing units which are classified as medium enterprises
under MSMED Act,2006 fall under the category of
a. Priority sector advances.
b. Non-priority sector C&I advances
c. Priority sector C&I advances
d. Indirect priority sector advances.
27. All manufacturing units defined in MSMED Act,2006 when engaged in exports
are classified as priority sector advances.
a. No, only Micro and small manufacturing units fall under the category of priority
sector.
b. No, only Micro manufacturing units fall under the category of priority sector
c. No, only small manufacturing units fall under the category of priority sector
d. Yes, all units fall under the category of priority sector.
ANSWERS
1. c 2. a 3. c 4. b 5. c 6. a 7. a 8. a 9. a 10. c
11. b 12. c 13. a 14. b 15. c 16. d 17. a 18. c 19. a 20. a
21. a 22. c 23. d 24. d 25. d 26. b 27. a
Page 10 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
SME ASSET PRODUCTS

Compiled by Shri M.Sai Chakradhar, Chief Manager (Training)
Please choose the correct answer from the given alternatives :
1.
2.
3.
4.
5.
6.
7.
8.
9.
The maximum amount of loan that can be sanctioned to a Manufacturing unit

under SME Smart Score?
a) Rs.10 Lacs
b) Rs.5 Lacs
c) Rs.50 Lacs
d) Rs.25 Lacs
The minimum amount of Loan that can be sanctioned to a Manufacturing unit
under SME Smart Score?
a) Rs.5 Lacs
b) Rs.25 Lacs
c) Rs.10 Lacs
d) Rs.2 Lacs
The margin stipulated for a term loan under SME Smart Score is______.
a) 25%
b) 20%
c) 33%
d) 30%
The minimum percentage of score that an applicant should get in order to avail a
loan under SME Smart Score?
a) 60% (with a minimum score of 50% b) 75% (with a minimum score of 60%
under each sub head)
c) 50% (with a minimum score of 45% d) 70% (with a minimum score of 60%
The maximum amount of loan that can be sanctioned under SME Smart Score for
a Trader / Service provider?
a) Rs.100 Lacs
b) Rs.50 Lacs
c) Rs.60 Lacs
d) Rs.25 Lacs
What percent of annual turn over can be financed as working capital under SME
Smart Score for a manufacturing unit?
a) 20%
b) 15%
d) 30%
c) 25%
What percent of annual turn over can be financed as working capital under SME
Smart Score for an unit dealing in Trade & Services?
a) 25%
b) 15%
c) 20%
d) 30%
The maximum repayment period that can be allowed for a term loan under SME
Smart Score?
a) 5 years excluding moratorium of 6
b) 5 years including moratorium of 6
months
months
c) 7 years including moratorium of 6
d) 7 years excluding moratorium of 6
months
months
The age criteria stipulated for the promoter/ applicant to avail a loan under SME
Smart Score is___________.
a) Min 21 Yrs- Max 65 Yrs.
b) Min 21 Yrs- Max 70 Yrs.
c) Min 18 Yrs- Max 65 Yrs.
d) Min 18 Yrs- Max 60 Yrs.
Page 11 of 141
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10.
11.
12.
13.
14.
15.
16.
17.
SBLC, MASULIPATNAM
Which of the following is true?

a) Loans not approved under SME
b) SME Smart Score is renewed once
Smart Score can be financed under
in 2 years and reviewed every year
the normal credit dispensation
based on considerations.
c) The margins stipulated under SME d) All the above
Smart score are 25% for W.C. and
33% for T.L.
The maximum quantum of finance that can be extended under Traders Easy
Loan?
a) Rs.2 Crores
b) Rs.10 Crores
c) Rs.5 Crores
d) Rs.50 Crores
The minimum quantum of finance that can be extended under Traders Easy
Loan?
a) Rs.0.25 Lacs
b) Rs.0.50 Lacs
c) Rs.1.00 Crore
d) No minimum amount stipulated
Under Traders Easy Loan, finance can be extended upto _____ percentage of the
realizable value of the property mortgaged.
b) 75%
a) 50%
c) 70%
d) 65%
Which of the following is True with respect to Traders Easy Loan?
a) Open land should not be accepted b) TDRs/NSCs can be accepted as a
as a security.
collateral security
c) Credit requirement is fixed at 20%
d) All the above
of Projected Annual Turn Over
Which of the following target group is eligible to avail a loan under Traders Easy
Loan?
a) Oil Mills, Cotton ginning Mills
b) Professional & Self employed
c) Commission Agents engaged
d) All the above
foodgrains
Which of the following is a feature of Traders Easy Loan?
b) Limit sanctioned is valid for one
a) Stock statements are to furnished
quarterly i.e. Feb, May, Aug, Nov
year.
c) In case of C.C., the credit
d) All the above
summations should be atleast
200% of the C.C. limit sanctioned.
The quantum of finance that can be extended under Traders Easy Loan is____.
a) 75% of the capital cost to be
b) 75% of the capital cost to be
incurred for business or 65% of
realizable value of the property or
20% of the annual projected turn
over.
over.
c) 75% of the capital cost to be
d) 70% of the capital cost to be
over.
over.
Page 12 of 141
THE WINGS 2014

18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
SBLC, MASULIPATNAM
Which of the following is not true with respect to Traders Easy Loan?
a) Stocks statements are to be
b) Traders Easy Loan can be
obtained at monthly intervals.
sanctioned as DL/TL/CC.
c) The primary security for the loan
d) Rice Mills can also be considered
would be hypothecation of Stock
for financing.
only.
The maximum quantum of loan that can be extended under SME Credit Card is:
a) Rs.10 Lacs
b) Rs.20 Lacs
c) Rs.10 Lacs fro Traders & Rs.20
d) Rs.25 Lacs
Lacs for Manufacturing Units
The SME Credit Card is sanctioned for a period of ________.
a) 2 years, subject to annual review
b) 3 years, subject to annual review
c) One year
d) 3 years
The minimum score, an applicant should get to be eligible for availing finance
under SME Credit Card is:
a) 60%
b) 65%
c) 70%
d) 50%
The maximum age criteria stipulated under SME Credit Card is___________.
b) 70 Years
a) 65 years
c) 66 Years
d) No maximum age stipulated
Which of the following is true with respect to SME Credit Card?
b) For SBF units, collateral/third party
a) No collateral is insisted upon for
SSI units
guarantee is obtained if the loan is
more than Rs.25,000/c) Maximum repayment for the term
d) All the above
loan component is 5 years.
Which of the following is true with respect to SME Credit Card?
a) The limit can be reviewed if the
b) A repayment schedule has to be
credit summations are 50% of the
fixed if the credit summations are
projected turn over.
less than 50% of Projected Annual
turn over.
c) Both CC and TL can be sanctioned d) All the above.
under the scheme.
Under SME Credit Card scheme, which of the following is Not true?
a) Cheque book to be marked as
b) Stock statement is obtained once in
SME Credit Card
a year, preferably in last quarter
d) Detailed Opinion reports are to
c) Borrower can be issued a Photo
Identity Card
compiled and should be on record.
Who among the following is not eligible for finance under SME Credit Card?
a) Self employed with a credit
b) Professionals with credit
requirement of Rs.10 Lacs
requirement of Rs.8 Lacs
c) Village Industries with a credit
d) SSI units with credit requirement of
requirement of Rs.7.5 Lacs
Rs.15 Lacs
Which product do you suggest to a small manufacturer whose credit limit
requirement is Rs.25 Lacs and who wishes that the facility can be sanctioned for
a period of 2 years?
a) SME Credit Card
b) Traders Easy Loan
c) SME Smart Score
d) SME Credit Plus
Page 13 of 141
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28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
SBLC, MASULIPATNAM
The maximum amount of Loan that can be extended under Doctor Plus Scheme
is ________.
a) Rs.1 Crore
b) Rs.2 Crores
c) Rs.5 Crores
d) Rs.10 Crores
Who among the following is eligible to avail finance under Doctor Plus scheme?
a) Partnerships, Individuals
b) Corporates
c) Trusts with powers to borrow
d) All the above
The minimum DSCR stipulated for loans under Doctor Plus is ________.
a) 1:1.5
b) 1:1.75
c) 1:1.15
d) 1:1.33
Which of the following is Correct with respect to Doctor Plus Scheme?
a) The loan can be sanctioned as
b) The loan can be sanctioned as an
Medium Term Loan/Cash Credit
Overdraft.
c) The loan can also be sanctioned as d) The loan can be sanctioned as a
Demand Loan.
Medium Term Loan/Cash
Credit/Demand Loan/O.D.
Maximum Moratorium that can be allowed for loans sanctioned under Doctor
Plus scheme is: ____________.
b) 12 months
a) 6 months
c) 18 months
d) Till the doctor's practice is stabilized
subject to a maximum of 18
months.
The maximum amount that can be sanctioned to an individual under Doctor Plus
scheme at Metro / Urban centres is:
a) Rs.10 Crores
b) Rs.5 Crores
c) Rs.2 Crores
d) Rs.1Crores
Which of the following is True under Doctor Plus Scheme?
a) The collateral security for loans
b) The collateral security for loans for
above Rs.25 lacs and upto Rs.1
loans sanctioned to Micro & Small
Crore should be at least 25% of the
Enterprises above Rs.1
loan amount. Alternatively,
Crore should be at least 25% of the
eligible accounts may be covered
loan amount and also Personal
under CGTMSE scheme.
guarantee of the promoters.
c) The primary security will be
d) all the above
hypothecation of Assets financed
by the Bank
Which of the following can be considered for finance under Doctor Plus scheme?
a) Setting up clinic and Purchase of
b) Expansion/renovation etc.
Ambulance
c) Setting up Nursing home and
d) All the above
Purchase of Computers etc.
The margin stipulated for loans upto Rs.10 Lacs under Doctor Plus scheme?
a) 15%
b) 25%
c) 20%
d) 10%
The margin stipulated for loans above Rs.10 lacs and upto Rs.5 crs is:
a) 25%
b) 20%
c) 30%
d) 15%
Page 14 of 141
THE WINGS 2014

38.
39.
40.
SBLC, MASULIPATNAM
Which of the following is NOT a salient feature of the product Doctor Plus?
a) Multiple disbursements over a
b) 50% concession over the Card
period of 24 months form date of
rates in Upfront Fee/Processing
sanction based on requirements
Charges is extended.
can be made.
c) The inspection of the unit should
d) All eligible advances can be
be carried out at Monthly/quarterly
covered under CGTMSE.
intervals.
Maximum marks under Scoring Model for Doctor Plus scheme_____.
b) 100
a) 50
c) 75
d) 90
Which of the following is NOT true with respect to Doctor Plus scheme?
a) The rate of Interest for limits up to
b) Minimum score of 40 on credit
Rs.25 lacs will be based on Credit
scoring model is required to be
Scoring Model.
eligible for the loan.
c) For limits above Rs.25 lacs and up
to Rs.10 crores, the Pricing will be
based on CRA rating.
41.
42.
43.
44.
45.
46.
d) Units with CRA Rating below SB 8

can be considered subject to
premium pricing of 100 basis
points.
The hurdle score for Personal Details and Business scoring under Scoring Model
of Doctor Plus scheme (for loans upto Rs.25 Lacs) are ___ & _______
respectively (out of 32 & 43 respy).
b) 20,25
a) 15, 20
c) 17,22
d) 16,23
For Non Allopathic doctors (Unani, Ayurvedic,Homeopathic), the maximum
quantum of loan that can be extended under Doctor Plus is ____.
a) Rs.50Lacs
b) Rs.20 Lacs
c) Rs.25 Lacs
d) Rs.10 Lacs
The maximum quantum of finance that can be extended under School Plus is___.
a) Rs.10 Crores
b) Rs.5 Crores
c) Rs.20 Crores
d) No Maximum cap
Which of the following is NOT true with respect to School Plus scheme?
a) It can be extended to Primary and
b) Coaching institutes can also be
higher secondary schools.
financed under the scheme and no
CRA is required.
c) Graduation & Post Graduation
d) Government Aided schools/colleges
colleges can also be financed.
are also eligible under the Scheme.
The margin stipulated under School Plus is_______.
a) 15%
b) 25%
c) 20%
d) 33%
Can a Computer training institution be extended finance under School Plus?
a) Yes
b) No.
c) No. They can be considered under d) Yes subject to collateral coverage
regular CRA model or mortgage
of 75%.
loan only.
Page 15 of 141
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47.
48.
49.
50.
51.
52.
53.
54.
55.
SBLC, MASULIPATNAM
Which of the following is True with respect to School Plus?

a) Purchase of Laboratory & Sports
b) Maximum repayment allowed is 84
equipments, purchase of play
EMIs only.
ground and buses etc. can be
financed under the scheme.
c) More than one loan can be
d) All the above.
sanctioned subject to repayment
capacity of the unit.
The maximum amount of loan that can be sanctioned under Rent Plus is:_____.
b) Rs.5 Crores
a) Rs.10 Crores
c) Rs.2 Crores
d) Rs.1 Crore
Margin stipulated under Rent Plus scheme is___________.
a) 30%
b) 25%
c) 40%
d) 33%
The maximum repayment allowed for term loans sanctioned under Rent Plus
scheme is_______.
a) 7 years or the residual lease period b) 5 years or the residual lease period
whichever is less.
whichever is less
c) 7 years or the residual lease period d) 7 years or the residual lease period
whichever is less, subject to a
whichever is higher.
moratorium of 6 months.
The minimum amount that can be sanctioned under Rent Plus is______.
a) Rs.1,00,000
b) Rs.5,00,000
c) Rs.50,000
d) Rs.25,000
The quantum of finance under Rent Plus scheme will be arrived as_______.
a) 60% of the gross rental income for b) 85% of the gross rental income for
the residual period (net of advance
rent received & statutory dues) or
85% of the market value of the
property whichever is less.
c) 60% of the gross rental income for d) 75% of the gross rental income for
In case of non corporate borrower, the Minimum and maximum age of the
applicant, stipulated for loans under SMECFL are:
a) 21,65
b) 18,65
c) 21,66
d) 21,70
The maximum amount of loan that can be sanctioned under SMECFL is:
a) Rs.2 Crores
b) Rs. 1 Crore
c) Rs.50 Lacs
d) Rs.75 Lacs
Which of the following is true with respect to SBI SME CFL?
a) For Loans below Rs.25 Lacs,
b) For Loans above Rs.25 Lacs and
preliminary screening will be as per
upto Rs.1 Crore, Simplified CRA
SME Smart Score scoring model.
will be applicable.
c) WC is to be renewed every two
d) All the above
years and review will be annually.
Page 16 of 141
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56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
SBLC, MASULIPATNAM
Which of the following is True with respect to assessment of limits under SBI SME
CFL?
a) The Working capital eligibility for
b) The working capital eligibility for
manufacturing units, would be 20%
service enterprises would be 15%
of projected turn over & the
of projected revenue and for term
eligibility for Term Loans is 75% of
loans it is 75% of the project cost.
the project cost.
c) Maximum amount of finance is
d) All the above.
Rs.1 Crore and loans upto Rs.5
Lacs have to be covered under
"SBI Micro Loans".
The one time guarantee fee payable to CGTMSE would be in the range of ___.
a) 0.75 to 1.00
b) 0.50 to 2.00
c) 0.75 to 2.00
d) 0.50 to 1.50
The upfront guarantee fee payable to CGTMSE for loans upto Rs.5 lacs is____.
a) 0.75
b) 1.00
c) 1.50
d) No fee
The upfront guarantee fee payable to CGTMSE for loans above Rs.5 lacs and
upto Rs.100 Lacs is____.
a) 0.50
b) 1.00
c) 0.75
d) 1.50
The upfront guarantee fee payable to CGTMSE for loans upto Rs.5 lacs in North
East region is ______.
b) 1.50
a) 1.00
c) 0.75
d) 0.50
upto Rs.50 Lacs in North East region is ______.
a) 0.85
b) 2.00
c) 1.00
d) Fee waived for NE region
upto Rs.100 Lacs in North East region is ______.
b) 1.00
a) 0.85
c) 2.00
d) Fee waived for NE region
The annual fee payable to CGTMSE on loans above Rs.50 Lacs and upto Rs.1
Crore is_______.
a) 1.00
b) 0.75
d) 0.50
c) 1.50
The annual fee payable to CGTMSE on loans above Rs.5 Lacs and upto Rs.50
Lacs is_______.
a) 0.75
b) 1.00
c) 0.50
d) Waived
The CGTMSE trust shall pay 75% of the guaranteed amount on preferring of
eligible claim by the lending institution, within ___ days. Subject to the claim being
otherwise found in order and complete in all respects.
a) 30
b) 60
c) 90
d) 45
Page 17 of 141
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66.
67.
68.
69.
70.
71.
72.
73.
74.
75.
76.
77.
SBLC, MASULIPATNAM
The annual fee for the credit facilities sanctioned as on March31st should be paid
to CGTMSE on or before ________.
a) 30th April
b) 30th September
c) 31st May
d) 30th June
Which of the following is NOT true with respect to CGTMSE?
a) The credit facilities sanctioned to
b) The guarantee cover will be for a
Self Help Groups cannot be
period of 5 years where only
covered under the scheme.
working capital facilities are
sanctioned, subject to payment of
annual service fee.
c) Small road and water transport
d) Existing borrowers who have
loans are also eligible for
already availed finance cannot be
guarantee cover.
covered under the scheme.
The maximum amount of loan that can be sanctioned under SBI Micro Loan
is___.
a) Rs.10 Lacs
b) Rs.25 Lacs
c) Rs.5 Lacs
d) Rs.50 Lacs
The demand loan sanctioned under SBI Micro Loan is repayable within _____.
b) 5 years
a) 1 year
c) 3 years
d) No demand loan is sanctioned
SME-1, is obtained for
b) Agreement of Loan Cum
a) Letter of Arrangement
Hypothecation
c) Guarantee Agreement
d) Link Letter
SME-2, is obtained for,
a) Agreement of Loan Cum
b) Letter of Arrangement
Hypothecation.
d) Guarantee Agreeement.
c) Link Letter
b) Agreement of Loan Cum
Hypothecation
d) Link Letter
b) Link Letter
d) Revival Letter
b) Agreement for Hypothecation
a) Link Letter
c) Revival Letter
d) Guarantee Agreement
Under SME Credit Plus, ____% of aggregate working capital limit subject to a
maximum of Rs.25 Lacs can be sanctioned.
a) 10%
b) 20%
c) 25%
d) 15%
The maximum time period allowed for repayment of SME Credit Plus is _____.
a) 3 months
b) 1 month
c) 6 months
d) 2 months.
SME Credit Plus can be sanctioned for which of the following purposes?
a) tax payments
b) repairs to machinery
c) any other contingency
d) all the above
Page 18 of 141
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78.
79.
80.
81.
82.
83.
84.
85.
86.
87.
88.
SBLC, MASULIPATNAM
Which of the following is TRUE with respect to SME Credit Plus?

a) It is sanctioned to meet sudden
b) It is sanctioned as a additional
and unforeseen expenditure/bulk
working capital limit by way of
orders.
clean cash credit.
c) It can be sanctioned to new
d) All the above.
borrowers also as a marketing tool.
The maximum quantum of finance that can be extended under Stand by Line of
Credit is: ___________.
a) Rs.5 Crores
b) Rs.2 Crores
c) Rs.1 Crores
d) Rs.10 Crores
Under Stand by Line of Credit , ____% of working capital limit subject to a
maximum of Rs.5 Crores can be sanctioned.
a) 10
b) 20
c) 15
d) 25
The maximum time allowed for repayment of Stand by Line of Credit is____.
a) 1 month
b) 2 months
c) 3 months
d) 6 months
The maximum amount of loan that can be sanctioned under General Purpose
Term loan for SSI sector is___.
a) Rs.1 Crores
b) Rs.2 Crores
c) Rs.50 Lacs
d) Rs.5 Crores
Which of the following is true with respect to General Purpose Term Loan for SSI
sector?
b) The unit should have earned
a) Normal repayment allowed is 3
years and can be extended upto 5
profits in preceding 3 years.
years in deserving cases.
d) All the above
c) The margin stipulated is 25%
The maximum amount of finance that can be extended under Open Term Loan
(Manufacturing sector) is:
a) Rs.250 Lacs
b) Rs.500 Lacs
c) Rs.100 Lacs
d) Rs.200 Lacs
Under Open Term Loan, the sanction is valid upto:
a) 6 months
b) 3 months
c) 12 months
d) 1 month
Which of the following is a feature of Open Term Loan?
a) It's a pre sanctioned term loan limit b) Non customers can also be
with the option of multiple
considered subject to fulfillment of
disbursements.
take over norms and after obtaining
opinion reports from existing
Bankers.
c) DSCR should be atleast 1.75
d) All of these
The maximum amount of finance that can be extended under Open Term Loan
(For Services sector) is:
a) Rs.250 Lacs
b) Rs.200 Lacs
c) Rs.100 Lacs
d) Rs.50 Lacs
The maximum quantum of loan that can be sanctioned to a Commission Agent
under Arthias Plus is:_____
b) Rs.50 Lacs
a) Rs.25 Lacs
d) Rs.10 Lacs
c) Rs.1 Crore
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89.
90.
91.
92.
93.
94.
95.
96.
97.
98.
SBLC, MASULIPATNAM
Which of the following is true in respect of Arthias Plus?

a) It is a Cash Credit facility against
b) To be liquidated within 6 months
hypothecation of book debts, not
and to be renewed annually.
older than 6 months.
c) The margin stipulated is 40%.
d) All the above
The maximum quantum of loan that can be sanctioned under SBI Shoppe
is____.
a) Rs.20 Lacs
b) Rs.50 Lacs
c) Rs.100 Lacs
d) Rs.200 Lacs
The product in which two term loans are sanctioned, one for Housing and
another for setting up an office/shop is _____.
a) SBI Super Shoppe
b) SBI Home Shoppe
c) SBI Shoppe Plus
d) SBI Shoppe
The quantum of finance that can be extended under SBI Shoppe plus is____.
b) 75% of Cost of total Project
a) 1st Term Loan as per Housing
loan Scheme and 75% of cost of
setting up office/shop as 2nd T.L
c) Both the term loans will be
d) Both the term loans will be
considered as Commercial Loans
considered as Housing Loans.
Which of the following is TRUE with respect to Car Loans to SME units?
b) Maximum loan amount would be
a) Finance can be extended for
purchase of car/ sports utility
2.5 times to Net annual Income
vehicle/ multi utility vehicle by
and there is no ceiling in loan
Promoter/ his family members.
amount.
c) Margins prescribed are 15% and
d) All the above
no additional security will be
insisted upon. Maximum amount of
loan for a used vehicle is Rs.15
lacs
The quantum of finance that can be extended to a Corporate under SBI Fleet
Finance Scheme is:
b) Rs.7.5 Crores
a) Rs.10 Crores
c) Rs.5 Crores
d) Rs.2.5 Crores
The minimum Average DSCR (gross) as prescribed in the scheme "SBI Fleet
Finance Scheme" is:
a) 1.75
b) 1.50
d) 2.50
c) 1.33
Which of the following SME Asset Products are withdrawn by the bank.
a) Auto Clean
b) Swarojgar Credit Card
c) Cyber Plus
d) All the above
Maximum amount of loan that can be sanctioned under SME Construction
Equipment Loan ( in Metros) is____.
a) Rs.50.00 Cr
b) Rs.25.00 Cr
c) Rs.15.00 Cr
d) Rs.60.00 Cr
Maximum amount of loan that can be extended under SBI-Dental Equipment
Plus scheme and the minimum DSCR required are _____ & _______
respectively.
a) Rs.20 Lacs & 1.5
b) Rs.20 Lacs & 1.75
d) Rs.10 Lacs & 1.75
c) Rs.10 Lacs & 1.5
Page 20 of 141
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SBLC, MASULIPATNAM
99.
The minimum amount of loan under Paryatan Plus is_____.

a) Rs.10 Lacs
b) Rs.2 Lacs
c) Rs.5 Lacs
d) No minimum is stipulated.
100. Margin stipulated for purchase of used vehicles under Paryatan Plus is:_____
a) 30%
b) 50%
c) 40%
d) 33%
ANSWERS
1.
11.
21.
31.
41.
51.
61.
71.
81.
91.
c 2. a
c 12 a
a 22 d
a 32 b
a 42 d
c 52 a
a 62 a
a 72 c
b 82. c
c 92. a
3.
13.
23.
33.
43.
53.
63.
73.
83.
93.
c
d
d
b
d
a
a
b
d
d
4.
14.
24.
34.
44.
54.
64.
74.
84.
94.
a
d
d
d
b
b
b
c
a
a
5.
15.
25.
35.
45.
55.
65.
75.
85.
95.
d
d
d
d
a
d
a
b
c
b
6.
16.
26.
36.
46.
56.
66.
76.
86.
96.
a
d
d
a
c
d
c
d
d
d
Page 21 of 141
7.
17.
27.
37.
47.
57.
67.
77.
87.
97
b
a
c
b
d
a
d
d
c
a
8.
18.
28.
38.
48.
58.
68.
78.
88.
98.
a
a
d
c
a
a
c
d
a
c
9.
19.
29.
39.
49.
59.
69.
79.
89.
99.
c 10.
a 20.
d 30.
c 40.
c 50.
b 60.
c 70.
a 80.
d 90.
b 100.
d
b
a
d
a
c
a
c
a
c
THE WINGS 2014
SBLC, MASULIPATNAM
INTERNATIONAL BANKING (UCPDC)
Compiled by SRI R PRABHAKARA RAO, Manager (Training)

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
UCPDC in the context of International Banking stands for _______________.

a)
Uniform Customs and
b) Universal Customs and Procedures
Practice for Documentary
for Documentary credits
Credits
c)
Universal Customs and
d) Uniform Customs and Procedures
Practice for Documentary
for Documentary credits
credits
Uniform Customs and Practice for Documentary Credits (UCPDC), Revision
2007 is published by __________________.
a)
International Chamber of
b) World Chamber of Commerce
Commerce (ICC)
c)
International Monetary Fund
d) World Bank
(IMF)
The revised version of 2007 of UCPDC is with effect from ___________.
a)
01.01.2007
b) 01.01.2010
c)
01.07.2007
d) 01.07.2010
The current version of UCPDC is ____________.
a)
UCPDC 500
b) UCPDC 600
c)
UCPDC 700
d) UCPDC 800
International Chamber of Commerce (ICC) is Head quartered at _________.
a)
Washington D.C.
b) New York
c)
Paris
d) London
URC rules are published by ICC. URC stands for _______________.
a)
Universal Rules for Collection b) Universal Realisation of Credits
c)
Uniform Rules & Customs
d) Uniform Rules for Collection
The no. of articles in current version of UCPDC is ________.
a)
39
b) 29
c)
19
d) 49
Article 2 of UCPDC is about ___________.
a)
Definitions of Applicant,
b) Credit Vs. Contracts
advising Bank, Credit etc.
c)
Documents Vs. Goods
d) Amendments to a Credit.
Which of the following is an Import L/c?
b) L/c opened by SBI, New York in
a)
L/c opened by Citi Bank,
favour of Citi Bank, Mumbai
Mumbai in favour of SBI, New
York.
c)
L/c opened by Citi Bank,
d) None of these
Mumbai in favour of Citi
Bank, New Delhi
The current version of URC, which is a publication of ICC is _______.
a)
URR 522
b) URC 522
c)
URC 725
d) URR 725
Banks deal with documents and not with goods, services or performance to
which the documents may relate. This is as per Article _______ of UCPDC.
a)
5
b) 22
c)
25
d) 29
Page 22 of 141
THE WINGS 2014

12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
SBLC, MASULIPATNAM
Article ____ of UCPDC (ICC 600) illustrates about Issuing Bank undertaking.
a)
7
b) 15
c)
22
d) 29
Which of the following is True with respect to revised version of UCPDC 600?
b) The no. of articles have been
a)
The no. of articles have been
reduced to 39 as against 49 in the
reduced to 49 as against 59
pre revised version.
in the pre revised version
d) No. of Articles have been doubled
c)
There is no change in No. of
when compared to pre revised
Articles as equal no. of
version.
articles are deleted and are
added.
Article ____ of UCPDC (ICC 600) portrays Confirming Banks undertaking.
a)
5
b) 8
c)
11
d) 15
The other two important publications of International Chamber of Commerce,
other than UCPDC,600 are ______________.
a)
URC, URR
b) UCPDC 700 & 800
c)
UCPDC I & II
Unloading from one means of conveyance and reloading to another means of
conveyance (whether or not in different modes of transport) during the carriage
from the place of dispatch to the place of final destination stated in the Credit is
known as ___________.
a)
Bill of Lading
b) Partial Shipment
c)
Sea Way Bill
d) Transhipment
UCPDC is in use in more than _______ countries.
a)
175
b) 225
c)
255
d) 301
Which Article of UCPDC deals with Transferable Credit (L/C)?
a)
33
b) 35
c)
38
d) 39
A bank assumes no liability or responsibility for the consequences arising out of
the interruption of its business by Acts of God, riots, civil commotions,
insurrections, wars, acts of terrorism, or by any strikes or lockouts or any other
causes beyond its control. This is as per Article _____ of UCPDC,600.
a)
36
b) 37
c)
38
d) 39
Which article of UCPDC deals with Extension of Expiry Date or Last Day for
Presentation?
a)
22
b) 25
c)
29
d) 31
Which article of UCPDC deals with Partial Drawings and Shipments?
a)
22
b) 29
c)
30
d) 31
Which of the following statements is True with regard to Advising Bank?
b) An advising bank cannot utilize the
a)
An advising bank may utilize
services of another bank (second
the services of another bank
advising bank) to advise the credit
(second advising bank) to
and any amendment to the
advise the credit and any
beneficiary.
amendment to the beneficiary.
Page 23 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
c)
23.
24.
25.
26.
27.
28.
29.
An advising bank, after

d) An advising bank which advises a
advising the Credit, cannot
credit must add its confirmation.
advise any further
amendment to the beneficiary.
Except as otherwise provided by article 38, a credit can neither be amended nor
cancelled without the agreement of the issuing bank, the confirming bank, if any,
and the beneficiary. This is as per Article _____ of UCPDC,600.
a)
2
b) 10
c)
19
d) 22
Which of the following is True with respect to UCPDC provisions?
a)
A credit is irrevocable even if
b) All credits are normally revocable
there is no indication to that
even if there is no indication to that
effect.
effect.
c)
A credit is irrevocable when it d) All the above
is requested by the Applicant.
A presentation including one or more original transport documents subject to
Articles 19, 20, 21, 22, 23, 24 or 25 must be made by or on behalf of the
beneficiary not later than _______ calendar days after the date of shipment as
described in these rules, but in any event not later than the expiry date of the
credit.
a)
15
b) 21
c)
30
d) 60
Which Article of UCPDC deals with Examination of Documents?
a)
14
b) 15
c)
21
d) 22
Which of the following is True as per UCPDC,600?
a)
Beneficiary means the party in b) Applicant means the party on whose
whose favour a credit is
request, the credit is issued.
issued.
c)
Both a & b
d) None of these
Under Force Majeure Clause, as per Article 36 of UCPDC, Banks __________
a)
assumes
liability
/ b) assumes responsibility but No
responsibility
for
the
liability for the interruption of its
interruption of its business by
business by Acts of God, riots, civil
Acts of God, riots, civil
commotions, wars etc., however
commotions, wars etc., if it is
such liability shall not exceed the
covered by proper Insurance.
amount mentioned in the Credit
(L/C).
assumes liability but not d) assumes no liability or responsibility
c)
responsibility
for
the
for the consequences arising out of
interruption of its business by
the interruption of its business by
Acts of God, riots, civil
Acts of God, riots, civil commotions,
commotions,
wars
etc.,
insurrections, wars, acts of terrorism,
however such liability shall
or by any strikes or lockouts or any
not exceed the amount
other causes beyond its control.
mentioned in the Credit (L/C).
Which article of UCPDC deals with Bank to Bank reimbursement?
a)
2
b) 10
c)
11
d) 13
Page 24 of 141
THE WINGS 2014

30.
31.
32.
33.
34.
35.
36.
SBLC, MASULIPATNAM
Which of the following is True with respect to UCPDC,600?

a)
Confirming bank means the b) Confirmation means a definite
undertaking of the confirming bank,
bank
that
adds
its
in addition to that of the issuing
confirmation to a credit upon
bank, to honour or negotiate a
the
issuing
banks
complying presentation.
authorization or request.
c)
Both a & b
As per Article 14 of UCPDC, a nominated bank, a confirming bank, if any, and
the issuing bank shall each have a maximum of ______ banking days following
the day of presentation to determine if a presentation is complying.
a)
5
b) 7
c)
9
d) 11
Which Article of UCPDC deals with Discrepant Documents, Waiver and Notice
etc.?
a)
13
b) 14
c)
15
d) 16
You have received a Letter of Credit advised by SBI, International Services
Branch (ISB), Mumbai issued by Barclays Bank, New York to be advised to M/s
PQR & Sons, Hyderabad. The beneficiary wanted to know whether the L/C
received, is revocable or irrevocable? You would _____________.
a)
Contact SBI, ISB, Mumbai
b) Contact L/C opening Bank
c)
All L/Cs, if otherwise not
d) In the credit (L/C), a mention must
mentioned, are irrevocable.
be there as to whether it is revocable
or irrevocable.
Which of the following is True in connection with amendment of L/Cs?
a)
A bank that advises an b) Partial acceptance of an amendment
amendment should inform the
is not allowed and will be deemed to
bank from which it received
be notification of rejection of the
the amendment of any notifiamendment.
cation of acceptance or
rejection
c)
A provision in an amendment d) All of these
to the effect that the
amendment shall enter into
force unless rejected by the
beneficiary within a certain
time shall be disregarded.
Article 18 of UCPDC deals with ____________.
a)
Bill of Lading
b) Transport Documents
c)
Quality Certificate
d) Commercial Invoice
Which Article deals with Availability, Expiry Date and Place for Presentation of
Documents?
a)
2
b) 5
c)
6
d) 8
Page 25 of 141
THE WINGS 2014

37.
38.
39.
40.
41.
42.
43.
44.
SBLC, MASULIPATNAM
Which of the following is True with regard to Confirming Bank?

a)
A
confirming
bank
is b) A confirming bank undertakes to
reimburse another nominated bank
irrevocably bound to honour
that has honoured or negotiated a
or negotiate as it adds its
complying
presentation
and
confirmation to the credit.
forwarded the documents to the
confirming bank.
c)
If a bank is requested to d) All the above
confirm a credit, but is not
prepared to do so, it must
inform the issuing bank without delay and may advise the
credit without confirmation.
Which article of UCPDC deals with Bill of Lading?
a)
20
b) 22
c)
24
d) 29
As per Article ______, A bank has no obligation to accept a presentation outside
of its banking hours.
a)
30
b) 31
c)
33
d) 39
As per Article 31 of UCPDC, which deals with Partial shipments, which of the
following is Correct?
a)
Only partial shipments are
b) Partial drawings or shipments are
allowed, but not partial
allowed.
drawings.
c)
Only partial drawings are
d) Both partial shipments and drawings
allowed, but not partial
are not allowed.
shipments.
Which of the following is True with respect to Commercial Invoice?
a)
It need not be signed.
b) It should be signed & stamped.
c)
It should be countersigned by d) It should preferably in triplicate.
Customs, after shipment.
Which Article of UCPDC deals with Tolerance in Credit Amount, Quantity and
Unit Prices?
a)
22
b) 25
c)
30
d) 33
If a drawing or shipment by instalments within given periods is stipulated in the
credit and any instalment is not drawn or shipped within the period allowed for
that instalment, the credit ceases to be available for that and any subsequent
instalment.
This is as per Article _____ of UCPDC,600.
a)
30
b) 32
c)
33
d) 39
You have received a set of documents for negotiation and have observed that
documents require scrutiny and comparison with original credit for discrepancies
if any. You have ______ working days to do so.
a)
Five
b) Six
c)
Seven
d) 21
Page 26 of 141
THE WINGS 2014

45.
46.
SBLC, MASULIPATNAM
Which of the following is True?

b) A credit must state whether it is
a)
A credit must state the bank
available by sight payment, deferred
with which it is available or
payment, acceptance or negotiation.
whether it is available with any
bank.
d) All of the above.
c)
A credit must not be issued
available by a draft drawn on
the applicant.
As per Article 20 of UCPDC, a Bill of Lading _______________.
a)
Must indicate the name of the b) Must indicate the port of loading and
the port of discharge stated in the
carrier and it should be
credit.
signed.
indicate that the goods have d) All the above
been shipped on board, a
named vessel at the port of
loading stated in the credit.
As per Article 30, which of the following is correct?
a)
The
words
"about"/ b) A tolerance not to exceed 5% more
"approximately"
used
in
or 5% less than the quantity of the
connection with the amount of
goods is allowed, provided the credit
the credit or the quantity/unit
does not state the quantity in terms
price are to be construed as
of a stipulated number of packing
allowing a tolerance not to
units/individual items and the total
exceed 10% more or 10%
amount of the drawings does not
less.
exceed the amount of the credit.
c)
Both
a
&
b. d) Tolerance which was upto 10% has
now been reduced to zero.
The last Article of UCPDC i.e. Article 39 deals with ___________.
a)
Assignment of Proceeds
b) Transferable Credits
c)
Force Majeure
d) Hours of Presentation
Which of the following is True as per the provisions of UCPDC?
a)
A document may be dated b) If the expiry date of a credit or the
prior to the issuance date of
last day for presentation falls on a
day when the bank is closed for
the credit, but must not be
dated later than its date of
reasons other than Force Majeure,
presentation.
the expiry date or the last day for
presentation, as the case may be,
will be extended to the first following
banking day.
c)
When
the
insurance d) All of the above
document indicates that it has
been issued in more than one
original, all originals must be
presented.
c)
47.
48.
49.
Page 27 of 141
THE WINGS 2014

50.
51.
52
53.
54.
SBLC, MASULIPATNAM
Which of the following is True with regard to UCPDC,600?

b) All Credits are treated as
a)
Negotiating bank / issuing
Irrevocable.
bank shall each have a
maximum of five banking days
following the day of
presentation to determine if
documents are complying.
c)
The No. of Articles have been d) All of the above
pruned down to 39
Which of the following is true as per Article 15 of UCPDC,600?
a)
When
an
issuing
bank b) When a confirming bank determines
that a presentation is complying, it
determines that a presentation
must honour or negotiate and
is complying, it must honour.
forward the documents to the issuing
bank.
c)
When a nominated bank d) All of the these.
determines that a presentation
is complying and honours or
negotiates, it must forward the
documents to the confirming
bank or issuing bank.
Which Article of UCPDC deals with Original Documents & Copies?
a)
12
b) 13
c)
17
d) 19
Which Article deals with Teletransmitted and Pre-Advised Credits and
Amendments?
a)
10
b) 11
c)
21
d) 31
Article 25 of UCPDC deals with ____________.
a)
Courier Receipt, Post Receipt b) Commercial Invoice
or Certificate of Posting
c)
Bill of Lading
d) Original Documents
55.
As per Article 17 of UCPDC, which of the following is true?

a)
At least one original of each
b) A bank shall treat a document as
document stipulated in the
original, if it is bearing an apparently
credit must be presented.
original signature, mark, stamp, or
label of the issuer of the document,
unless the document itself indicates
that it is not an original.
c)
If
a
credit
requires d) All of these
presentation of copies of
documents, presentation of
either originals or copies is
permitted.
56.
Which Article of UCPDC deals with Non Negotiable Sea Way Bill?
a)
15
b) 17
c)
19
d) 21
Page 28 of 141
THE WINGS 2014

57.
58.
59.
60.
SBLC, MASULIPATNAM
Article 26 of UCPDC deals with _____________.

a)
Air way Bill of Lading
b) Clean Transport Document
c)
Courier Receipt, Post Receipt d) "On Deck", "Shipper's Load and
or Certificate of Posting
Count", Said by Shipper to Contain
and Charges Additional to Freight.
Which of the following is True with regard to UCPDC,600?
a)
These Articles/provisions are b) They are binding on all parties
thereto unless expressly modified or
applicable
to
excluded by the credit.
Foreign/Import/Export
transactions only.
d) Both b & c
c)
These are applicable to both
Inland and Foreign Credits
(L/Cs).
Which Article of UCPDC deals with Road, Rail or Inland Waterway Transport
Documents?
a)
20
b) 22
c)
23
d) 24
Which of the following is True with respect to UCPDC,600?
a)
Issuing bank means the bank b) Negotiation means the purchase by
that issues a credit at the
the nominated bank of drafts,
request of an applicant or on
documents under a complying
its own behalf.
presentation.
c)
Credit means any irrevocable d) All of the above.
arrangement that constitutes a
definite undertaking of the
issuing bank to honour a
complying presentation.
ANSWERS
1.
11.
21.
31.
41.
51.
a
a
d
a
a
d
2.
12
22
32
42
52
a
a
a
d
c
c
3.
13.
23.
33.
43.
53.
c
b
d
c
b
b
4.
14.
24.
34.
44.
54.
b
b
a
d
a
a
5.
15.
25.
35.
45.
55.
c
a
b
d
d
d
6.
16.
26.
36.
46.
56.
d
d
a
c
d
d
Page 29 of 141
7.
17.
27.
37.
47.
57.
a
a
c
d
c
d
8.
18.
28.
38.
48.
58.
a
c
d
a
a
d
9.
19.
29.
39.
49.
59.
a
a
d
c
d
d
10.
20.
30.
40.
50.
60.
b
c
c
b
d
d
THE WINGS 2014
SBLC, MASULIPATNAM
INTERNATIONAL BANKING: EXPORTS & IMPORTS

Compiled by Shri R PRABHAKARA RAO, Manager (Training)
1.
2.
3.
4.
5.
6.
7.
8.
With effect from 10th May,2012, the exporters are allowed to retain ______% of
their foreign exchange earnings in EEFC accounts.
a)
50
b) 75
c)
100
d) 125
Where an exporter receives advance payment (with or without interest), from a
buyer outside India, the exporter shall be under an obligation to ensure that the
shipment of goods is made within ____________ from the date of receipt of
advance.
a)
Three months
b) Six months
c)
one year
d) 15 months
AD Category I banks may consider granting permission to Indian exporters for
opening / hiring warehouses abroad, if the applicants export outstanding does
not exceed ______% of exports made during the previous financial year and the
applicant has a minimum export turnover of USD 100,000/- during the last
financial year.
a)
5
b) 10
c)
15
d) 20
Any export of Indian currency of value exceeding ________ except to the extent
permitted under any general permission granted by RBI, will require prior
permission of the Reserve Bank.
a)
Rs.5000
b) Rs.7500
c)
Rs.10000
d) Rs.25000
The SDF/PP forms should be submitted by the exporter to the Banker (AD
Category-1) within _____________ days.
a)
7
b) 14
c)
21
d) 30
If the exporter fails to arrange for delivery of the proceeds within ______ or seek
extension of time beyond ______, the matter should be reported to the Regional
Office of RBI.
a)
6 months, 12 months
b) 6 months, 9 months
c)
9 months, 12 months
d) 12 months, 12 months
The aggregate amount of write off allowed by the AD Category I (o/a unrealized
bills) banks during a financial year does not exceed ______ of the total export
proceeds realised by the exporter through the AD Category I banks during the
previous financial year.
a)
10 %
b) 15%
c)
20%
d) 25%
Status Holders exporters and manufacturer exporters exporting more than 50
per cent of their production and recognized as such by DGFT, are permitted to
write off outstanding export dues to the extent of______ % of their average
annual realization during the preceding three financial years or 10 per cent of the
export proceeds due during the financial year, whichever is higher.
a)
5
b) 10
c)
15
d) 20
Page 30 of 141
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9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
SBLC, MASULIPATNAM
EBW statement in the context of exports is for _________________.

a)
Export Bills Withheld
b) Export Bills Without Payment
c)
Exports Bills Withdrawn
d) Export Bills Written Off
Who is the authority for considering requests by Indian exporter, for refund of
export proceeds of goods exported from India and being re-imported into India on
account of poor quality?.
b) Authorised Dealer, who handled the
a)
Once exported from India
export realisation
cannot be imported back to
India.
c)
Any authorized Dealer
d) RBI
FEMA rules have come into force with effect from ____________.
a)
1st June,2000
b) 1st June,2010
st
c)
1 May,2000
d) 1st April, 2000
The periodicity for reporting of software exports to STPI is ________.
a)
Monthly
b) quarterly
c)
Half yearly
d) yearly
EBW statement should be submitted by Authorised dealers to RBI at _____
intervals.
a)
Quarterly
b) Half yearly
c)
Yearly.
d) It has been dispensed with recently.
For setting up of an office abroad by Indian exporter, the maximum remittance
towards initial expenses, up to ____________% of the average annual
sales/income or turnover during the last two financial years or up to twenty-five
per cent of the net worth, whichever is higher can be permitted by authorised
dealers.
a)
5
b) 10
c)
15
d) 25
The rate of interest payable on the advance payment received by Indian
exporter, should not exceed ____________ basis points.
a)
LIBOR + 10
b) LIBOR + 50
c)
LIBOR + 75
d) LIBOR + 100
Exporters having a minimum export turnover of ___________ during the last
financial year can be granted permission by the authorised dealers, for opening /
hiring warehouses abroad.
a)
USD 50,000/b) USD 75,000/c)
USD 150,000/d) USD 100,000/EBW Statement should be submitted to RBI by Authorised dealers as at the end
of _____________ & _________________ every year.
b) 31st March, 30th Sept
a)
30th June & 31st Dec
st
c)
31 July & 31 st Jan
d) Every quarter
The Authorised dealer can directly dispatch the documents to the consignee
directly, in some special cases, provided the value of such exports is not
exceeding Rs.________.
a)
10,000
b) 20,000
c)
25,000
d) 50,000
Applications by persons, firms and companies for making payments, exceeding
_______or its equivalent, towards imports into India must be made in Form A-1.
a)
USD 5000
b) USD 7500
c)
USD 10000
d) USD 50000
Page 31 of 141
THE WINGS 2014

20.
21.
22.
23.
24.
25.
26.
27.
SBLC, MASULIPATNAM
AD (CategoryI) banks may permit settlement of import dues delayed due to

disputes, financial difficulties, etc. and Interest thereon, for a period of less
than_________ from the date of shipment.
a)
1 year
b) 2 years
c)
3 years
d) 5 years
Remittances against import of books may be allowed within ________, as to the
time limit, provided interest payment is as prescribed from time to time for trade
credit.
a)
1 month
b) 2 months
c)
3 months
d) without restriction
Which of the following is true with respect to pre-payment of usance import bills?,
a)
remittances may be made,
b) prepayment of usance import bills is
after reducing proportionate
allowed only for 30 days.
interest for the unexpired
portion of usance at the rate at
which interest has been
claimed or LIBOR applicable.
c)
prepayment of usance import
d) No, prepayment of usance import
bills is allowed freely.
bills is not allowed.
AD Category I banks may make remittances where import bills have been
received directly by the importers from the overseas supplier provided the value
of import bill doesnot exceed USD _________.
a)
100000
b) 150000
c)
200000
d) 300000
AD Category - I banks may allow remittance for imports up to ______, where the
importer of rough diamonds, rough precious and semi-precious stones has
received the import bills / documents directly from the overseas supplier.
a)
USD 100,000
b) USD 200,000
c)
USD 300,000
d) No amount is allowed.
Currency declaration Form (CDF) to customs authorities need not be submitted if
at any one time, the value does not exceed ________ and/or the aggregate
value of foreign currency notes (cash portion) alone brought in does not exceed
USD 5,000 (US Dollars five thousand) or its equivalent.
a)
USD 50,000
b) USD10,000
c)
USD 1,00,000
d) USD 5,000
Which of the following is true with regard to advance payments for import of
goods to India?
a)
Banks can allow upto USD
b) Banks can allow upto USD 200000,
200000
subject to RBIs approval.
c)
Banks can allow upto USD
d) No import of goods to India is
100000
permitted now & hence no advance
payment.
If the importer, other than a PSU a Department of the GOI /State Government is
unable to obtain bank guarantee from overseas suppliers and the AD Category
I bank is satisfied about the track record and bonafides of the importer, the
requirement of the bank guarantee / standby Letter of Credit may not be insisted
upon for advance remittances up to USD ________.
a)
100000
b) 200000
c)
3000000
d) 5,000,000 (US Dollar five million).
Page 32 of 141
THE WINGS 2014

28.
29.
30.
31.
32.
33.
34.
SBLC, MASULIPATNAM
Authorised Dealer (CategoryI) may allow payment of interest on usance bills or

overdue interest for a period of __________, from the date of shipment at the
rate prescribed for trade credit from time to time.
a)
less than 6 months
b) less than 1 year
c)
less than 2 years
d) less than three years
Import bills and documents should be received from the banker of the supplier by
the banker of the importer in India. AD Category I bank should not, therefore,
make remittances where import bills have been received directly by the importers
from the overseas supplier, except Where the value of import bill does not
exceed USD ____________.
a)
100000
b) 200000
c)
250000
d) 300000
What is Currency Declaration Form (CDF)?
b) Which is submitted to Customs when
a)
Which is submitted to
an individual sales foreign currency,
Customs when an individual
after arrival in India
carries foreign currency
(import of currency)
c)
Which is submitted to
d) Which is submitted to Customs when
Customs when an individual
an individual exports foreign
consumes foreign currency
currency (export of currency)
SOFTEX Form relates to _____________.
a)
Soft foreign remittances
b) Import and export of Softwares
c)
Soft form of Foreign Exchange d) Form to be submitted to RBI by
related returns
Authorised dealers at monthly
intervals.
Authorised Dealers need not obtain any document, including Form A-1, except a
simple letter from the applicant , as long as it is a current account transaction, if
the amount does not exceed ___________.
a)
USD 100
b) USD 500
c)
USD 750
d) USD 5000
Any person resident in India who had gone out of India on a temporary visit, may
bring into India at the time of his return (other than from Nepal and Bhutan),
currency notes of India up to an amount not exceeding __________.
a)
Rs.15,000/- per person
b) Rs.25,000/- per person
c)
Rs.7,500/- per person
d) No such cap, since he is bringing
back Indian currency.
Which of the following is true with respect to advance payments for import of
goods?
a)
Irrevocable Letter of Credit or b) Irrevocable Letter of Credit or Bank
Bank Guarantee to be
Guarantee to be obtained if the
obtained if the amount of
amount of remittance exceeds USD
remittance exceeds USD
50000.
100000.
c)
No Irrevocable Letter of Credit d) Irrevocable Letter of Credit or Bank
or Bank Guarantee need to be
Guarantee to be obtained if the
obtained now.
amount of remittance exceeds USD
200000.
Page 33 of 141
THE WINGS 2014

35.
36.
37.
38.
39.
40.
41.
42.
SBLC, MASULIPATNAM
Under sector specific measure, AD (Category-I) banks are permitted to allow

remittance for imports up to _____________ where the importer of rough
diamonds, rough precious and semi-precious stones has received the import bills
/ documents directly from the overseas supplier.
a)
USD 100,000
b) USD 200,000
c)
USD 250,000
d) USD 300,000
In case of all imports, where value of foreign exchange remitted/ paid for import
into India exceeds ___________, the Authorised Dealer through whom the
relative remittance was made, is to ensure that the importer submits the
Exchange Control copy of the Bill of Entry for home consumption.
a)
USD 50,000
b) USD 75,000
c)
USD 100,000
d) USD 200,000
Airline companies which have been permitted by the Directorate General of Civil
Aviation to operate, can make advance remittance without bank guarantee, up
to_____________ for purchase of aircrafts/ Helicopters.
a)
USD 25 million.
b) USD 50 million.
c)
USD 75 million.
d) USD 100 million.
With respect of direct import of Gold, which of the following is true?
a)
Suppliers and Buyers Credit, b) Suppliers and Buyers Credit,
including the usance period of
including the usance period of LCs
LCs opened should not
should not exceed 180 days.
exceed 90 days.
c)
Suppliers and Buyers Credit, d) No Suppliers and Buyers Credit, is
including the usance period of
allowed for direct import of gold.
LCs opened should not
exceed 360 days.
Documents evidencing import into India should be preserved by AD Category I
banks for a period of ___________ from the date of its verification
a)
6 months
b) 9 months
c)
one year
d) 3 years.
Where imports are made in non-physical form, i.e., software or data through
internet / datacom channels and drawings and designs through e-mail/fax, a
certificate from ______________ that the software / data / drawing/ design has
been received by the importer, is to be obtained by the authorised dealer.
a)
Concerned receiving Bank.
b) Chartered Accountant
c)
Exporter
d) RBI
What is BEF statement?
a)
Statement submitted by
b) Statement submitted by authorised
authorised dealer to RBI with
dealer to RBI with regard to
regard to importers defaulting
exporters who defaulted submission
submission of import
of documents.
documents
c)
Statement submitted by
d) Statement submitted by RBI to GOI
authorised dealer to RBI with
with regard to importers.
regard to defaulting importers
& exporters.
Which of the following is true with regard to Merchanting Trade?
a)
The entire merchant trade
b) The entire merchant trade
transaction is to be completed within
transaction to be completed
within a period of 3 months.
a period of 45 days.
Page 34 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
d) Merchanting Trade transactions are

The entire merchant trade
not being permitted now.
transaction to be completed
within a period of 6 months.
AD CategoryI bank may accept, in lieu of Exchange Control copy of Bill of Entry
for home consumption, a certificate from the Chief Executive Officer (CEO) or
auditor of the company that the goods for which remittance was made have
actually been imported to India, provided the company is a listed one and its
networth is not less than Rs._________crores.
a)
50
b) 100
c)
150
d) 250
What is PP form?
a)
Used for exports made by
b) Used for exports made by personally
Post
carryings & delivering.
c)
Used for Postal exports where d) Post Parcel which is for deemed
advance is received.
exports.
Bill of Entry is ______________.
a)
Evidence of export
b) Evidence of payment
c)
Evidence of import
d) Evidence of remittance
EEFC stands for __________________.
a)
Earners Exchange & Foreign
b) Exchange Earning Foreign Currency
Currency
c)
Exchange & Earning Foreign
d) Exchange Earners Foreign Currency
Currency
The periodicity of BEF statement is _______________.
a)
Monthly
b) Quarterly
c)
Half yearly
d) Annually.
What is SDF in exports?
a)
Statutory declaration Form
b) Statutory Delivery Form
c)
Statutory Demand Form
d) State Declaration Form
Bill of Lading is _______________.
a)
Evidence of shipment
b) Evidence of import
c)
Evidence of payment
d) Evidence of remittance.
At what intervals the BEF statement is submitted to RBI?
a)
Every June & December
b) Every May & November
c)
Every March & September
d) It has recently been dispensed with.
c)
43.
44.
45.
46.
47.
48.
49.
50.
ANSWERS
1.
11.
21.
31.
41.
A
A
D
B
A
2.
12
22
32
42
C
A
A
D
C
3.
13.
23.
33.
43.
A
B
D
C
B
4.
14.
24.
34.
44.
B
C
C
D
A
5.
15.
25.
35.
45.
C
D
B
D
C
6.
16.
26.
36.
46.
D
D
A
C
D
Page 35 of 141
7.
17.
27.
37.
47.
A
A
D
B
C
8.
18.
28.
38.
48.
A
C
D
A
A
9.
19.
29.
39.
49.
D
A
D
C
A
10.
20.
30.
40.
50.
B
C
A
B
a
THE WINGS 2014
SBLC, MASULIPATNAM
DEPOSIT PRODUCTS
Compiled by Shri R.Prabhakara Rao, Manager (Training)

1
10
Which of the following are not true in respect of Multi Option Deposit Scheme
(a)
It can be linked either to
(b)
Min. Rs.10000 and in multiples
Current Account or Savings
of Rs.1000
Account
(c)
Subsequent deposits of
(d)
None of these
Rs.5000 and in multiples of
Rs.1000
What is the min. and max. Period for which MOD can be accepted ?
(a)
1 and 5 years
(b)
6 Months and 120 Months
(c)
7 days and 10 years
(d)
None of the above
The type of deposit that can be opened in MODS
(a)
TDR
(b)
STDR
(c)
Either a or b
(d)
None of the above
Corporate Liquid Term Deposit can be accepted for amounts of
(a)
Min Rs.50000 and in multiples (b)
Subsequent deposits Min.25000
of Rs.5000
and in multiples of Rs.5000
(c)
Both a and b are true
(d)
None of the above
Savings Plus is the combination of
(a)
SB and MODS
(b)
SB and CLTD
(c)
Current account and MODS
(d)
None of these
Which of the following are not true in respect of Savings Plus ?
(a)
Min. balance Rs.5000
(b)
Deposits matured will be rolled
over unless indicated otherwise
(c)
TDS is applicable for MODS
(d)
None of these
created
Withdrawals are permitted from Savings Plus Account through
(a)
Cheque
(b)
ATM
(c)
INB
(d)
All of the these
Which of the following are true in respect of Savings Plus account
(a)
No overdraft will be allowed
(b)
Deposits cannot be accepted as
against SBI MOD Deposits
margin for any NF business
(c)
Both are true
(d)
None of the above are true
Which of the following are true in case of Senior Citizen Deposit Scheme
(b)
Min. 1year and Max. 10 years
(a)
Objective is to provide
differential interest rate to
Senior Citizens
(c)
Min. Rs.10000 and in multiples (d)
All of these
of Rs.1000
Which of the following are not true in respect of Capgain Plus Scheme
(a)
Parking of capital gains for a
(b)
Min Rs.1000 in SB a/c and Min
max period of 3 years
Rs.5000 in TD Account
(d)
None of these
(c)
Deposit can neither be
accepted as margin nor as
collateral
Page 36 of 141
THE WINGS 2014

11
12
13
14
15
16
17
18
19
20
21
SBLC, MASULIPATNAM
Amount withdrawn from deposits under Capgain Plus to be utilized within

(a)
30 days
(b)
60 days
(c)
90 days
(d)
None of the above
Upper limit (ceiling) for issue of MCC for Per segment Savings Account holders
(Others)
(a)
Rs.2 lacs
(b)
Rs.5 lacs
(c)
Rs.10 lacs
(d)
None of these
What are the variants available under Corporate Salary Package
(a)
Silver
(b)
Gold
(c)
Diamond & Platinum
(d)
All of the above
What is the eligibility criteria for opening salary accounts under Corporate
Salary Package
(a)
Min. 25 employees
(b)
Min. payout of Rs.1.25 lacs
(c)
Both a & b
(d)
None of the above
The deposit scheme available in the bank that offers both higher interest and
tax benefits u/s 80 C
(a)
Cap Gain Plus
(b)
MODS
(c)
SBI Tax Savings Scheme 2006 (d)
None of the above
Savings Bank Account or Current Account is to be categorized as inoperative
if there are no customer induced transactions for the last _______
(a)
12 Months
(b)
18 Months
(c)
24 Months
(d)
36 Months
The maximum number of debit entries permitted in savings account per half
year is ---------- except transactions routed through alternate channels.
(a)
60
(b)
40
(c)
30
(d)
20
A person to become eligible to open No Frills Account, he should
(a)
Be of 18 years and above
(b)
Be earning gross monthly
income of Rs. 5000 or less
(c)
Both a & b
(d)
None of the above
Small Deposit account means
(a)
Balance at any point of time
(b)
Aggregate of all credits in a
does not exceed Rs.50000
financial year does not exceed
Rs.100000
(c)
Aggregate of all withdrawals
(d)
All the above
and transfers in a month does
not exceed Rs.10000
Which of the following are not features of No Frills Account
(a)
Aggregate balance of all
(b)
ATM card will be issued
deposit accounts taken
together should not exceed
Rs.10000
(c)
No INB facility available
(d)
None of the above
Salient feature of Yuva SB account include
(a)
Young individuals between 18
(b)
Min. balance Rs.5000
and 30 years are eligible
(c)
Free INB
(d)
All of these
Page 37 of 141
THE WINGS 2014

22
23
24
25
26
27
28
29
30
31
32
SBLC, MASULIPATNAM
Penalty applicable on premature payment of TDRs

(a)
0.50% less from the rate
(b) Nil between 7 days to 180 days
applicable for the period
for single deposit of less than
Rs.15 lac
(c)
Nil between 7 days to 1 year for (d) All of the above
deposits more than Rs.15 lacs
Norms for loan/overdraft against TDRs are
(a)
0.50% above contracted rate
(b)
90% of principal and accrued
interest can be sanctioned as
loan
(c)
Both a & b
(d)
None of the above
Recurring Deposit with flexibility in amount of installment
(a)
SBI Flexi
(b)
MODS
(c)
SBI Tax Savings Scheme 2006 (d)
None of the above
Features of SBI Flexi Deposit include
(a)
Min. Rs.5000 per year and
(b)
Max. Rs.50000 in a financial
Rs.500 at any one instance
year
(c)
Min 5 years and Max 7 years
(d)
All the above
Which of the following are not true in respect of SBI Surabhi
(a)
SB or CA will be linked to
(b)
Min bal for CA is Rs.10000
CLTD
(c)
Min bal for SB is Rs.1000
(d)
None of the above
In Surabhi, CLTD will be created for the periods
(a)
Min 12 months and Max 36
(b)
Min 7 days and max 10 years
months
(c)
Min 6 months and Max 10
(d)
None of the above
years
Which of the following are not true in case of SBI Surabhi ?
(a)
No loan or OD is permissible
(b)
Partial withdrawal based on
against the deposit
LIFO
(c)
Periodicity for Sweep is weekly (d)
None of the above
The following are not true in case of SBI Tax Saving Scheme 2006
(a)
PAN is mandatory
(b)
Min Period of deposit is 5 years
(c)
Min deposit is Rs.1000
(d)
None of the above
The product available with us to make banking facility accessible to low profile
trading community and Non-individual customers
(a)
SME Sahaj
(b)
PowerJyothi
(c)
SME Powerpack
(d)
None of these
The following are the salient features of our SME Sahaj
(a)
QAB is Rs.1000
(b) No cash withdrawal is permitted
at Cash Counter of branch
(c)
Withdrawal limit through card is (d) All the above
Rs.15000 per day
Deposit product available for providing fee collection facility for institutions
(a)
Power Jyothi
(b)
SBI Shakti
(c)
SME Power Pack
(d)
None of the above
Page 38 of 141
THE WINGS 2014

33
34
SBLC, MASULIPATNAM
Features of the following are true in respect of Power Jyoti

(a)
QAB Rs.25000
(b)
Penalty for non-maintenance
Rs.1000 per quarter
(c)
No cheque book facility
(d)
All of these
available
Which of the following combination of SME power accounts is not true
(a)
QAB for Power Pack is Rs.5
(b)
QAB for Power Gain is Rs.1 lac
lacs
(c)
35
36
37
38
39
40
41
42
QAB for Power Super is

(d)
None of the above
Rs.75000
Which of the following are not true with regard to penalty for non-maintenance
of QAB in case of SME Power accounts
(a)
Power Pack Rs.10000/Qtr
(b)
Rs.Power Premium Rs.9000/Qtr
(c)
Power Lite Rs.4000/Qtr
(d)
None of these
Name the deposit scheme which allows lump sum deposit and payment of
principal and interest at equated monthly installments
(a)
SBI Annuity Deposit
(b)
SBI Flexi
(c)
SBI Power Jyothi
(d)
None of these
Which of the following are not features of SBI Annuity Deposit
(a)
Min Deposit Amount Rs.25000 (b)
Min Monthly Annuity Rs.1000
(c)
Period of Deposit 36/60/84/120 (d)
None of the above
months
Salient features of SBI Shakti
(a)
QAB Rs.20000
(b)
Penalty for non maintenance of
QAB Rs.750 per qrtr
(c)
Penalty on closure of A/c within (d)
All of these
12 months Rs.750/Which of following combinations are not true in respect of deposit of Cash at
Home Branch in case of SME Power variants
(a)
Power pack- unlimited, free
(b) Power premium Free up to
Rs.30 lacs p.m
(d) All of the above
(c)
Power privilege Free upto
Rs.25 lacs p,m
Maximum amount of cash that can be permitted to be deposited at non home
branch in case of SME Power Variants
(a)
50000
(b)
100000
(c)
200000
(d)
None of the above
Maximum amount of cash that can be permitted to be withdrawn at non home
branch in case of SME Power Variants
(a)
Rs.100000 per day
(b)
Rs.50000
(c)
Rs.100000 per day by account (d)
None of the above
holder only
What is the basis for determining the variant of Salary Account under
Corporate Salary Package
(a)
CSP Gross Salary
(b)
Rank of the employee in all
other packages
(c)
Both a & b are true
(d)
None of the above
Page 39 of 141
THE WINGS 2014

43
44
45
46
47
48
49
50
51
52
SBLC, MASULIPATNAM
Following are the common features of all Salary Packages

(a)
Savings Plus accounts will be
(b)
Overdraft facility available up to
opened
2 months net salary
(d)
All the above
(c)
1% discount on purchase of
Gold Coins of all
denominations
Personal Accident Insurance cover available for Gold & Diamond variants in
all the salary packages
(a)
Rs.5.00 lacs
(b)
Rs.4.00 lacs
(c)
Rs.3.00 lacs
(d)
None of these
The following offers are available for Platinum Variant in all the salary
packages
(a)
SBI Vishesh Status
(b)
Free Platinum International
Debit Card
(c)
25% concession in locker
(d)
All of these
charges
Authority vested with CGM to permit coverage of employees having salaries of
less than Rs.5000 p.m under Silver variant provided:
(a)
All the salary accounts are
(b)
Employees drawing gross
maintained with our Bank
salary of less than Rs.5000
should not be more than 20% of
total
(c)
Both a & b are true
(d)
None of these
Max amount of cash deposit permitted at non home branch per day in respect
of P segment customers
(a)
Rs.25000
(b) Rs.100000
(c)
Rs.50000
(d) None of these
Max amount of cash withdrawal permitted at non home branch by account
holder in respect of P segment customers
(a)
50000
(b)
100000
(c)
200000
(d)
None of the above
What is the service charge levied in a savings bank account if the number of
stipulated transactions are exceeded ?
(a)
Rs.5 per entry
(b)
Rs.10 per entry
(c)
Rs.100 per half year
(d)
None of the above
If a customer feels that the services rendered by the branch are not
satisfactory he can close his SB account with in _ _ _ _ _ and the SB account
closure charges are waived
(a)
14 days
(b)
15 days
(c)
30 days
(d)
18 days
What is the margin stipulation for loan against term deposits ?
(a)
10% of the face value plus
(b)
accrued interest
accrued interest
(c)
(d)
None of these
accrued interest
The interest will be paid on pre-mature payment of term deposits, if the deposit
remained in the Bank for a minimum period of _ _ _ _ _ _ days
(a)
15 days
(b)
14 days
(c)
7 days
(d)
30 days
Page 40 of 141
THE WINGS 2014

53
SBLC, MASULIPATNAM
The cap of 120 months on the tenor of term deposits is as per the guidelines
of _ _ _ _
(a)
RBI
(b)
IBA
(c)
Min. of Finance, GOI
(d)
None of these
Dishonor of electronic funds transfer has to be treated as dishonor of
negotiable instrument as per the provisions of ..
(a)
BR Act
(b) NI Act
(c)
Payment and Settlement
(d) None of these
Systems Act
Which of the following statement are incorrect
(a)
Witness has to be obtained in
(b)
Two witness signatures have to
all nomination forms
be obtained on nomination
forms given by illiterate persons
(c)
For E or S deposit account
(d)
Nomination should be in favor
nomination can be obtained
of an individual only
For Silver category of CSP account the gross monthly salary is between ____
and ___
(a)
Rs.7000 and Rs.10000
(b)
Rs.5000 and Rs.20000
(c)
Rs.5000 and Rs.10000
(d)
Rs.5000 and Rs.15000
For Gold category of CSP amount the gross monthly salary is between Rs._ _
_ _ _ and _ _ _ _ _
(a)
Rs.20000 and Rs.50000
(b)
Rs.20000 and Rs.30000
(c)
Rs.20000 and Rs.100000
(d)
Rs.20000 and Rs.40000
On pre-mature payment of deposits the reduction in waiver of penalty can be
permitted by ____
(a)
CGM of the circle
(b)
GM of the Network
(c)
DGM of the Module
(d)
No discretion
What is the minimum monthly pay out in CSP facility ?
(a)
Rs.1.25 lacs
(b)
Rs.1.50 lacs
(c)
Rs.2.00 lacs
(d)
Rs.5.00 lacs
For Diamond category of CSP account the gross monthly salary is between
____ and ___
(a)
Rs.50000 and Rs.100000
(b)
Rs.70000 and Rs.100000
(c)
Rs.20000 and Rs.50000
(d)
Rs.100000 and Rs.200000
54
55
56
57
58
59
60
ANSWERS
1
2
3
4
5
6
7
8
9
10
d
a
c
c
a
d
d
c
d
d
11
12
13
14
15
16
17
18
19
20
b
c
d
c
c
c
c
c
d
d
21
22
23
24
25
26
27
28
29
30
d
d
c
a
d
d
a
d
d
a
31
32
33
34
35
36
37
38
39
40
d
a
d
d
d
a
d
d
d
c
Page 41 of 141
41
42
43
44
45
46
47
48
49
50
c
c
d
a
d
c
a
a
a
a
51
52
53
54
55
56
57
58
59
60
a
c
b
c
a
b
a
d
a
a
THE WINGS 2014
SBLC, MASULIPATNAM
FOREIGN EXCHANGE
Prepared by Shri R.Prabhakara Rao, Manager (Training)

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
NRI status is derived from

A Residential status
B Citizenship/origin of a person
C Both the above
D None of the above
Who among the following is a PRI (Person resident in India)?
A An IBO of SBI leaving the country B A student staying abroad for the
just now
2nd year.
C A foreigner who stayed in India
D All the above.
for 8 months in the previous year.
OCBs (Overseas Corporate bodies) are
A Indian firms in which majority
B Any firm in which majority stake
stake was held by NRIs
was held by NRIs
C Any firm in which ownership of
D foreign firm in which ownership of
NRIs is atleast 60%.
Indians is atleast 60%
OCB (Overseas Corporate Body) is permitted to open
A NRE account only
B FCNR account only
C Both the above
D None of the above
The main difference between NRI and NRO account is
A Repatriability of funds
B Nature of accounts
C Both the above
D None of the above.
A foreign national of PRI status
A Can open a NRO account like a
B He should open only NRE account
resident Indian
C He can open both the accounts
D He cant open any account
Which of the following is not true about NRO account?
A NRO account can be opened
B NRO account can be opened
jointly with resident.
jointly with Non-Resident.
C Nomination facility is available to
D A resident cant operate a NRO
NRO account holders.
account based on a POA.
Which of the following is not true about NRO account?
A Account holder can deposit any
B Legitimate income earned by NRI
convertible foreign currency
in India can be credited to NRO
brought in by him through legal
account.
means.
C The NRO account holder can
D International credit card payments
repatriate his current income.
cant be made by debit to NRO a/c
A NRI can repatriate balance in his NRO account for bonafide purposes up to
A USD one million for FY
B USD 0.1 million for FY
C USD 10 million for FY
D Cant be repatriated.
A resident POA holder can operate on the NRO account of NRI for
A All local payments in rupees
B For transfer of amount to other
including payments for eligible
NRO accounts
investments.
C Make gift to a resident on behalf
D All the above.
of the NRI
Page 42 of 141
THE WINGS 2014

11.
12.
13.
14.
15.
16.
17.
18.
SBLC, MASULIPATNAM
A person having a overdraft facility became NRI. Then,

A The OD should be closed
B The OD may be allowed to
immediately.
continue subject to repayment from
domestic sources alone.
D Before leaving for foreign country,
C The OD may be allowed to
the account should be closed.
continue subject to repayment
either from domestic sources or
legitimate inward remittances.
NRE accounts are
A Rupee designated accounts
B Opened in 6 foreign currencies
C POA holder of NRI can open the
D Both (a) & (c) are correct
account for NRI
Which of the following is true regarding NRE accounts?
A Balances in the accounts are fully B Balances with interest can be fully
repatriable.
repatriated.
C They are exempted from income
D They are not exempted from any
tax, but not form wealth tax.
tax.
Which of the following is true regarding NRE account?
A Pradeep, NRI from India can
B Pradeep, NRI can open joint
open joint account with Rose
account with his father Rajesh who
Mary of Malaysian passport.
is a resident Indian.
C Pradeep, NRI can open joint
D Both (a) & (c) are correct.
account with Shyam, another
NRI.
Which of the following is false about NRE accounts?
A NRE accounts can be opened as B Interest rates are totally deSB,CA and STDR with normal
regulated for NRE deposits.
maturity periods as applicable to
domestic deposits.
C Transfers from FCNR accounts is D All the above.
strictly restricted for NRE
accounts.
Which of the following is not a permitted debit for NRE account?
A Local disbursements
B Transfer to FCNR/NRE accounts of
other people.
C Remittance outside India
Which of the following is correct about NRE accounts?
A NRE account balances cant be
B FCNs tendered by POA of NRI can
used for payment of charges of
be credited to NRE account of the
International credit cards.
NRI
C POA holder of NRE account cant D All the above.
make gifts on behalf of the NRI
Upon return to India, the NRE account of a NRI is
A Is redesignated as resident rupee B Converted into RFC (HCD)
account
deposit.
C Either of the two at the option of
D Can be continued as NRE account.
the depositor.
Page 43 of 141
THE WINGS 2014

19.
20.
21.
22.
23.
24.
SBLC, MASULIPATNAM
Upon return of NRI, the fixed deposit in NRE account

A Will be converted into resident
B Can be continued as NRE account
account and will earn applicable
till the date of maturity and as per
deposit rates to domestic deposits
NRE deposit rates
C Will be converted into resident
D None of the above
account but continue to earn NRE
rates if the same is continued till
the date of maturity
Which of the following is true regarding FCNR(B) deposit scheme?
A They are 6 foreign currency
B They are foreign currency
designated accounts in the form
designated term deposits with
of STDR,SB,CA etc
maximum maturity period is five
years irrespective of the currency.
C The interest income from these
D Recurring deposits can be
accounts is not free of tax.
accepted under FCNR(B).
The designated currencies for opening FCNR(B) are
A USD,Euro,Pound Sterling,
B USD,Euro,Pound Sterling,
Japanese Yen, Canadian Dollar
and Australian dollar
and Singapore dollar
C USD,Euro,Pound Sterling,
D USD,Euro,Pound Sterling,
Japanese Yen, Singapore Dollar
and German Duetchmark
and German deutchmark.
Which of the following is not a permitted mode to open FCNR(B) account?
A By a transfer of funds from
B By transfer of funds from existing
existing NRE accounts.
FCNR(B) account.
C By transfer of funds from NRO
D With funds received by debit to the
accounts.
account of non-resident bank
maintained with authorized dealer
in India.
Which of the following is true regarding FCNR(B) accounts?
A All credits permitted in NRE
B All debits permitted in NRE
accounts are also permitted in
accounts are not permitted in
FCNR(B) accounts.
FCNR(B) deposits as well.
C The maturity proceeds of the
D Only (b) & (c) are true.
FCNR(B) deposit can not be
remitted to third parties outside
India.
Which of the following is true regarding maturity proceeds of FCNR(B) deposit
scheme?
B TT buying rate will be offered to the
A The maturity proceeds will be
depositor for converting the
paid in the same designated
maturity proceeds into Rupees.
currency and the depositor cant
convert it into the currency of his
choice.
D All the above.
C Interest is payable quarterly on
FCNR(B) deposit as per the
choice of the depositor.
Page 44 of 141
THE WINGS 2014

25.
26.
27.
28.
29.
30.
31.
32.
33.
SBLC, MASULIPATNAM
Interest on FCNR(B) deposits will be paid

A Half yearly alone.
B
Interest can be credited into NRO

account of the depositor.
C As per individual banks direction. C Based on 365 days per year.
Which of the following is true regarding the interest on FCNR(B) deposits.
A With compounding irrespective of B 1% additional interest can be paid
period of deposit.
to SBI staff with NRI status within
RBI ceiling.
C Compounding will be done on half D All the above.
yearly basis.
Which of the following is true regarding Savings Plus scheme to NRI
customers?
A The MOD component should not
B Domestic TDR rate of interest is
exceed 3 years.
offered to MOD component.
C The minimum deposit in NRE SB D None of the above
account should be Rs.5,000/- and
the min MOD sweep should be
Rs.1,000/Which of the following is false regarding Dollar premium account?
A It has a forward cover
B The period of deposit is 3 years
only.
C Minimum deposit is the same as
D All the above.
in case of FCNR(B) deposits.
Which of the following statement is true regarding loans to NRIs against
deposits?
A No loans can be granted to third
B The loan amounts can be fully
parties against NRI deposits.
repatriated.
C The loan amount can be credited D The loan can be repaid out of local
to NRE account of the NRI
rupee resources in the NRO
account of the NRI.
Which of the following is true regarding loans in foreign currencies to NRIs?
A Documents can be executed by
B Loan proceeds can be used for
POA holder
investments in India.
C Repayment of the loan can be
D Loans can be sanctioned against
made from NRO account.
third party deposits.
For remitting sale proceeds on account of sale of immovable property, NRI has
A To be in possession of the
B To lock in the sale proceeds for a
property for a minimum period of
minimum period of 3 years.
3 years.
C To sell 3 properties only in a
financial year.
In case of remittance of sale proceeds of immovable property purchased by NRI
with foreign exchange, the sale proceed are restricted to
A USD 2 million for FY
B 2 properties in a FY
C 2 years lock in period is
stipulated.
A student with NRI status can receive from close relations in India, a foreign
remittance of
A USD 100,000 for maintenance
B USD 200,000 for maintenance
C USD 50,000 for maintenance
D He cant receive
Page 45 of 141
THE WINGS 2014

34.
35.
36.
37.
38.
39.
40.
SBLC, MASULIPATNAM
SBI Express is a
A A remittance product for US & UK B A remittance product for Gulf NRIs
NRIs
C A remittance product for US NRIs D None of the above.
alone
SBI Express is presently being facilitated by
A GLS (Global Link Services)
B GMU (Global Markets Unit)
C OB,Mumbai
D Exchange companies in Gulf
Which of the following is true about SBI Express?
A In case of SBI customers, it is
B The maximum amount of
directly credited to the account.
remittance is Rs.10,00,000/- per
transaction.
D All the above.
C The maximum limit for
professionals to remit under the
scheme in a calendar year is
Rs.40 lacs.
SBI Express Remit is a product for
A US & UK NRIs
B US NRIs alone
C UK NRIs alone
D None
The remittance facility offered to Singapore NRIs is
A S-Remit
B e-Remit
C Express remit Singapore.
D None
RNOR (Resident but not ordinarily resident) is defined
A Under FEMA Act
B Under IT Act
C Defined by RBI
D Defined by ministry of finance.
A NRI after coming back to India got his NRE accounts converted into RFC
accounts. When he becomes NRI again
A The RFC accounts will become
B They will continue as RFC
NRE accounts
accounts.
C Either of the above as per his
D None of the above
choice
ANSWERS
1. c
11. c
21. a
31. d
2. c
12 a
22 c
32 b
3. c
13. b
23. a
33. a
4. d
14. c
24. b
34. b
5. a
15. d
25. b
35. a
6. a
16. d
26. b
36. d
Page 46 of 141
7. d
17. c
27. c
37. a
8. d
18. c
28. b
38. b
9. a
19. c
29. d
39. b
10. a
20. b
30. c
40. a
THE WINGS 2014
SBLC, MASULIPATNAM
INTER BRANCH TRANSFER SYSTEM (IBTS)

Prepared by Shri R.Prabhakara Rao, Manager (Training)
1.
2.
3.
4.
5.
6.
7.
8.
IBTS is
A Inter branch transfer system
B Inter branch transaction system
C Inter branch transfer scheme
D Inter branch transaction scheme
IBTS is meant for
A Inter branch transfers other than
B Inter Branch transfers including
SC/DDPs
SC/DDP
C Inter Branch transfers other than
D None of the above
staff purpose.
How many new BGL accounts have been created for IBTS purpose?
A 4
B 3
C 2
D 8
The purpose of IBTS is
A To ensure better control on inter
B To replace Branch Clearing General
Branch transactions.
Account (BCGA) as IBTS is self
reconciliation facility.
C Due to RBI compulsions.
D To enable faster realization of
SCs/DDPs
In IBTS, the transaction originated by the originating Branch
A Can be monitored till the same is B The other Branch should be
responded by other Branch.
responding instantly.
C The originating branch cant view D The controllers will be able to see
the status after originating
the status for follow up.
transaction.
The transaction originated by the originated Branch
A Should be accepted by the
B Can be accepted or declined by the
responding Branch.
responding Branch.
C Can be reversed by it at any point D Cant be reversed by the originating
of time.
Branch
The transaction originated by the originating Branch in IBTS
A Can be reversed by the
B Can be reversed by the originating
originating Branch at any point of
Branch on the same day without
time without the involvement of
involvement of the responding
the responding Branch.
Branch.
C Cant be reversed by the declining D None of the above.
Branch without getting declined
by the responding Branch.
Once the transaction in IBTS is declined by the responding Branch
A The originating Branch has no
B The originating Branch can either
option but to reverse it.
reverse or re-originate the same.
D Both (a) & (c)
C The originating Branch can only
re-originate the entry after
reversal.
Page 47 of 141
THE WINGS 2014

9.
10.
11.
SBLC, MASULIPATNAM
Re-origination of entry in IBTS by the originating Branch involves

A Accounting entries.
B No accounting entries.
C Automatic accounting entries at
D Automatic accounting entries both
originating Branch by the system.
at originating Branch and at
receiving Branch by the system.
While re-origination of the entry by the originating Branch, which of the following
can be changed/modified.
A Destination Branch code, amount B Destination Branch BGL No, amount
and narration
and narration.
C Destination Branch code, amount D Destination Branch code, BGL
and destination BGL account.
account and narration.
For responding a IBTS entry, the responding Branch
A Need not depend on any
B It can respond after receiving
documents.
system generated forward letter and
documents.
C It can respond on the strength of
Branch Clearing General
Account.
ANSWERS
1
B 2 A 3 A 4 B 5
B 7 B 8 B 9 B 10 D
11 B
Page 48 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
LEGAL ASPECTS
Prepared by Shri R Prabhakara Rao, Manager (Training)

1.
2.
3.
4.
5.
6.
7.
8.
The five new professions approved by Ministry of Corporate affairs as

eligible to form LLP (Limited liability partnerships) are
a) Engineers, lawyers, educationists, b) Engineers, lawyers, architects,
financial consultants &
physicians.
physicians.
c) Engineers, lawyers, architects,
d) Engineers, lawyers, architects,
financial consultants and Actuary
physicians.
An account holder is found guilty of criminal charges and convicted. The
operations in his account
a) Are temporarily put under hold.
b) Referred to the police
authorities.
d) Transactions to be continued.
c) Advise customer to close his a/c.
Banking ombudsman cant reject complaints in case of
a) Customer approaching ombudsb) Complaints relating to non
man after approaching bank for
sanction of loans.
genuine grievance relating to
deficiency of service relating to
deposit product.
c) Frivolous complaints in nature.
d) Case pending in a court of law
in respect of settlement of a
deposit.
A contract of insurance is a
a) Contract of security
b) Contract of guarantee.
c) Contract of indemnity
Under law of limitation, the liability of a guarantor is
a) 3 years from the dt. of document. b) 3 years from the date of
advance.
c) 3 years from the dt. of invocation
Lien becomes time barred after 3 years
b) Date of delivery of relative
a) From the date of loan
goods.
c) Due date of loan.
d) Lien has no limitation period.
Negative lien means
a) A declaration by company not to
b) Deposit of title deeds with the
encumber assets of company
bank with an oral declaration to
without prior consent of banker.
mark banks lien.
c) A lien letter executed by a
d) A trust letter executed by
company authorizing the bank to
company when goods are
mark lien on its FDR receipt.
taken from the pledged stock.
Letter of probate means
a) A letter attached with a will
b) Confirmation of succession
containing signatures of
certificate.
witnesses.
Page 49 of 141
THE WINGS 2014
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
SBLC, MASULIPATNAM
c) Certificate issued by court

d) Certificate issued by the court
containing the name of the person
containing also the name of
who has to administer the
the executor of a will.
property of the deceased.
Bankers lien is a
a) Hypothecation
b) Mortgage.
c) Implied pledge.
d) Pledge.
Not negotiable crossing on a cheque means
a) Not within the purview of NI act.
b) It should be paid only to the
payee of the cheque.
c) It restricts further endorsements.
d) None of these.
Customer is defined in
a) BR Act.
b) NI Act
c) RBI Act
d) Nowhere it is defined.
The date of maturity of a usance bill dt. 13-6-2013 payable 60 days after
date will be
a) 14th August,2013
b) 16th August, 2013
c) 15th August, 2013
d) 18th August, 2013.
Prospectus is issued by a private limited company when it issues
b) Shares
a) Debentures
c) Both debentures and shares
IBA (Indian banks association) commissioned Gallup India Private Limited
b) Which is to give comparative
a) Which is a market research and
consultancy services company
opinions on individual banks
products
c) For customer education regarding d) For promoting cooperation
banking and financial services
amongst its member banks in
promotion of technology
products.
Hypothecation is defined in
a) Indian Contract Act
b) Transfer of property act.
d) SARFAESI Act.
c) Indian easements act
The stamped affidavit for settlement of deceased constituents accounts is
not insisted up to
a) Rs.50,000/b) Up to Rs.1,00,000/c) Up to Rs.5,00,000/d) No maximum limit.
Codicil relates to one of the following?
a) Will
b) Probate
c) Succession certificate
d) paper
A probate is which of the following?
a) Certified copy of will
b) Certified copy of will by
magistrate
c) Copy of will in duplicate
d) Will amended later on
Which of the following security cant be created as EM?
a) Plant & Machinery
b) Movable assets
c) Crops, stocks
d) All of the above.
Borrowing powers of Directors of a company are found in
a) Memorandum of association
b) Articles of association
c) Cert. commencement of business d) Balance sheet
Page 50 of 141
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21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
SBLC, MASULIPATNAM
Once a bearer always a bearer under section 85(2) is applicable to

a) Cheques
b) Cheques, drafts, bills of
exchange.
c) Cheques and bills of exchange
d) All the above.
The meeting under official language act is held
a) Monthly
b) Quarterly
c) Half yearly
d) yearly
Financial contracts outlining an exchange of payments linked to the
performance of a specified underlying credit sensitive asset is called
a) Securitization
b) Derivatives
c) Leasing
d) Factoring.
Registration of charge in case of a company is done as per which section of
companies act?
a) Section:125
b) Section:110
c) Section:115
d) Section:124
The relationship in case of standing instructions between bank and
customer is
a) Bailor - bailee
b) Agent- principal
d) Creditor-debtor
c) Debtor- creditor
In case of banks corporate governance clause-49 is governed by
a) IRDA
b) SEBI
d) IBA
c) RBI
Two firms are said to have identical constitutions when
a) They have identical partners
b) Partners of the firm are their
relatives
c) When the two partnerships were
d) When the firms have same
registered on the same date.
name.
Guarantees are defined in
b) Br act
a) Indian contract act
c) Transfer of property act
d) NI act
Which one of the following documents will be made invalid by
overstamping?
a) Indemnity
b) DP Note
c) Hypothecation agreement
Bank can not grant advance against
a) Shares of Pvt. Ltd. companies
b) Partly paid shares
d) All the above
c) Banks own shares
The probate issued by whom is valid throughout India irrespective of the
value of property as per section:223 of Indian succession act.
a) High court
b) District court
c) Supreme court
Our Chennai Branch has purchased a post dated cheque favouring Mr.X.
the cheque was returned with the reason exceeds arrangement. The bank
can proceed against
a) Mr.X
b) Drawer
c) None
d) Both.
Which of the following is a class-II legal heir of a Hindu?
a) Son
b) Father
d) Mother
c) Widow
Page 51 of 141
THE WINGS 2014

34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
SBLC, MASULIPATNAM
What are the maximum and minimum stipulations for SLR to be maintained
by Banks as per BR Act?
a) Min: Nil & Max: 40%
b) Min:10% & Max:40%
c) Min:20% & Max:40%
d) Min:25% & Max: 40%
Mr.X has a Overdraft account of Rs.50,000/- drawn in full and is time
barred. He signs RL and also credits into account a sum of Rs.5,000/-.
Does this revive the limitation?
a) Yes
b) No
c) RL itself revives
d) The act of crediting the
account with Rs.5,000/- alone
can revive.
Father of a minor is convicted and imprisoned. Then the natural guardian of
the child will be
a) Mother
b) Elder brother
c) Paternal grand father
d) Father.
Unstamped document cant be rectified in case of
a) Mortgage deed
b) Sale deed
c) Partition deed
Within how many days the CPIO has to provide information under RTI Act?
b) 21 days
a) 20 days
c) 25 days
d) 30 days
Consumer protection act is not applicable to
b) Failure to issue draft
a) Failure to open accounts
c) Failure to accept small
d) Non-sanction of loans and
denominations & small coins
advances.
Inchoate instrument is
b) Instrument partially or fully
a) No proper name
destroyed
c) Incomplete instrument
d) Instrument not legible.
Which act governs issue of a probate of a will?
a) Indian contract act
b) NI act
d) Indian succession act
c) Transfer of property act
Bankers lien is available as per which act?
a) TP Act
b) SARFAESI Act
c) Indian contract Act
d) Limitation Act
Which document constitutes the foundation for settlement of a deceased
constituents accounts?
a) Legal heir certificate
b) Proper person certificate
c) Death certificate
d) Letter of administration.
Claytons rule is applicable in case of
a) Term loan & cash credit
b) Demand loan & overdraft
c) Term loan & overdraft
d) Cash credit & overdraft
45.
Property on which EM is created should be in and deposit of title deeds in

case of EM can be done at
a) Notified centers only
b) Notified & any where
c) Anywhere & notified
d) Anywhere
46.
Mortgage is defined in
a) Indian succession act
c) Contract act
b) Transfer of property act

d) Easement rights act
Page 52 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
47.
The minimum and maximum CRRs as per RBI Act are

a) Minimum 5% & maximum 25%
b) Minimum 5%, but no
maximum
c) Such stipulations are abolished
d) Minimum:Nil & Maximum 25%
48.
Section:171 & 172 of Indian contract Act relate to

a) General lien & pledge
b) General lien & hypothecation
c) Pledge & hypothecation
d) Pledge & general lien
49.
Section:45ZA of Banking regulation Act, 1949 is related to

a) Unclaimed deposits
b) Maintenance of SLR
c) Nomination facility
d) Procedure for opening new
Brs.
50.
uberrimae fides contracts are pertinent to

a) Banking sector
b) Capital markets
c) Insurance sector
d) Mutual funds sector
ANSWERS
1.
11.
21.
31.
41.
c
d
a
a
d
2.
12.
22.
32.
42.
d
a
b
d
c
3.
13.
23.
33.
43.
a
d
a
b
c
4.
14.
24.
34.
44.
c
a
a
a
d
5.
15.
25.
35.
45.
c
d
b
b
c
6.
16.
26.
36.
46.
d
b
b
d
b
7.
17.
27.
37.
47.
a
a
a
d
c
8.
18.
28.
38.
48.
d
b
a
d
a
9.
19.
29.
39.
49.
c
d
d
d
c
10.
20.
30.
40.
50.
* The term refers to the good faith reposed by the insurer on the facts mentioned in
the application form which the applicant warrants to be true. Hence all life insurance
contracts are uberrimae fides.
Page 53 of 141
d
b
d
c
c*
THE WINGS 2014
SBLC, MASULIPATNAM
REMITTANCES
Compiled by Shri R Prabhakara Rao, Manager (Training)

The RBI draft is valid for ____ ( becomes stale after)
a) 1 month
b) 2 months
c) 3 months
d) 6 months
2. RBI draft becomes lapsed if not paid within
a) 6 months from the date of its
b) 1 accounting year from the date
issue
of its issue
c) 2 accounting years from the date d) 3 accounting years from the date
of its issue
of its issue
3. RBIs accounting Year is
a) April to March
b) July to June
c) January to December
d) Either of the above
4. A lapsed RBI draft can be revalidated
a) With the clearance of Local Office b) With the clearance of Central
of RBI
Office of RBI
c) With the clearance of Dy.
d) With the clearance of Currency
Governor of RBI
Chest Branch of a Bank
5. Which of the following statements is not true in respect of RBI draft
b) Duplicate Draft can be cancelled
a) Duplicate draft can be issued
against indemnity
only if both the original &
duplicate are produced
d) Duplicate
c) If the original is not produced,
draft
cannot
be
the payment of the duplicate to be
cancelled
under
any
obtained at the drawee office
circumstances
6. RBI Interest warrant lapses _________ months after issue
a) 6
b) 8
c) 12
d) 18
7. Relationship of Banker with purchaser of Bank Draft:
b) Creditor& Debtor
a) Debtor & Creditor
c) Principal & Agent
d) Agent & Principal
8. Relationship of Banker with Payee of Bank Draft:
a) Trustee & Beneficiary
b) Debtor & Creditor
c) Creditor& Debtor
d) Principal & Agent
9. Hologram is affixed on drafts of Rs.______ against the Payees Name To
Prevent Tampering
a) Rs.50000 & above
b) Rs 1 lakh & above
c) Rs.2 lakhs & above
d) Rs.5 lakhs & above
10. Drafts of Rs. ________should be issued only by debit to customers A/C or
against cheque, etc.
a) Rs.20000/- and above
b) Rs.50000/- and above
c) Rs.100000/- and above
d) Rs.200000/- and above
11. Payment of Drafts of Rs ___ should be made through Bank A/C and not in
cash
a) Rs.20000/- and above
b) Rs.50000/- and above
c) Rs.100000/- and above
d) Rs.200000/- and above
1.
Page 54 of 141
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SBLC, MASULIPATNAM
12. Which of the following statements is not true in respect of Bank draft
a) If PAN is provided cash
b) Drafts of Rs.1,50,000/- and
transactions of Rs 50000/- and
above should be signed by two
above are permissible
officials
c) No Advice is sent for Drafts
d) Even If PAN is provided cash
transactions of Rs 50000/- and
below Rs 10 Lakh
above are not permissible
13. Inter Office Instrument (IOI) is a single running security form for issuing ___
a) Demand Draft
b) Associate Bank Draft
c) Bankers Cheque
d) All the above
14. BGL A/C 98602BBBBBC represents
a) IOI Account
b) IOI to be issued Account
c) Drafts Account
d) Bankers Cheque
15. BGL A/C 98505BBBBBC represents
a) IOI Account
b) IOI to be issued Account
c) Drafts Account
d) Bankers Cheque
16. Which of the following statements is not true in respect of IOI
a) Duplicate IOI can be issued
b) Duplicate IOI shall not be
by the issuing branch only.
hand written
c) Triplicate IOI cannot be
d) Triplicate IOI can be
issued
issued
17. Which of the following statements is not true in respect of IOI
a) Can be issued for all
b) Serial number of IOI will be
denominations including HC
a unique 12 digit number
series upto Rs.99,99,99,999/without any Circle prefix
c) Serial number of IOI will be
d) Instrument type for IOI is 16.
a unique 12 digit number with
Circle prefix
18. Which of the following statements is not true in respect of Bill of Exchange
a) A bill of exchange is a written
b) signed by the maker, directing
instrument containing
to pay a certain amount of money
an unconditional order,
only to a particular person, or to
the bearer of the instrument
c) It is a negotiable instrument
d) It is a negotiable instrument
drawn by the seller on the buyer
drawn by the buyer on the seller
for value of the goods delivered to
for value of the goods delivered
him.
to him.
19. Which of the following statements is not true in respect of Bill of Exchange
a) A demand bill is payable on
b) Clean Bills are accompanied by
demand whereas a Usance bill is
documents of title to goods
payable after a specified time.
c) Documentary Bills are supported d) Clean Bills are not accompanied
by Railway Receipt (RR) or Lorry
by documents of title to goods
Receipt (LR) or Bill of Lading (BL)
20. In case Blank IOI forms are lost during the transit from Printer to Circle
Stationary Department, such losses are to be reported by _______ to _____.
a) Branch to Central Stationery
b) Circle Stationery Department to
Department
Central Stationery Department
c) Central Stationery Department to d) None of the above
Circle Stationery Department
Page 55 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
21. As per the benchmark prescription known as 'CTS-2010 standard' issued by

RBI, no changes/ corrections should be carried out on the cheques other than
____ for validation purpose, if required effective from Dec 1, 2010. (under the
image-based Cheque Transaction System and not applicable to cheques
cleared under other clearing arrangements such as MICR clearing, non MICR
clearing , over the counter collection for cash payment or direct collection of
cheques)
a) Date
b) Amount
c) Signature
d) None of these
22. In case Blank IOI forms are lost at Branch, such losses are to be reported by
_______ to _____________.
a) Branch to Central Stationery
b) Circle Stationery Department to
Department
Central Stationery Department
c) Branch to Controllers besides
d) Central Stationery Department to
making necessary input in CBS
Circle Stationery Department
23. As the __________is updating the whole Bank level data of Draft/IOI reported
lost, the maintenance of Draft/IOI lost register at Branches is redundant and
hence is dispensed with.
a) Draft Reconciliation Department
b) IOR
c) CRMD
24. RBI has advised that Savings as well as Current Account should be treated
as ________ if there are no debit as well as credit transactions induced at the
instance of customers in the account for over a period of ____ years.
a) Dormant, 2
b) Inoperative, 2
c) Dormant, 1
d) Inoperative, 1
25. IBTS is
B Inter branch transaction system
A Inter branch transfer system
C Inter branch transfer scheme
D Inter branch transaction scheme
26. IBTS is meant for
A Inter branch transfers other than
B Inter Branch transfers including
SC/DDPs
SC/DDP
D None of the above
C Inter Branch transfers other than
staff purpose.
27. How many new BGL accounts have been created for IBTS purpose?
A 4
B 3
C 2
D 8
28. The purpose of IBTS is
A To ensure better control on inter
Branch transactions.
B To replace Branch Clearing

General Account (BCGA) as IBTS
is self reconciliation facility.
C Due to RBI compulsions.
D To enable faster realization of
SCs/DDPs
29. In IBTS, the transaction originated by the originating Branch
A Can be monitored till the same is
B The other Branch should be
responded by other Branch.
responding instantly.
C The originating branch cant view
D The controllers will be able to see
the status after originating
the status for follow up.
transaction.
Page 56 of 141
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30. The transaction originated by the originated Branch

A Should be accepted by the
B Can be accepted or declined by
responding Branch.
C Can be reversed by it at any point D Cant be reversed by the
of time.
originating Branch
31. The transaction originated by the originating Branch in IBTS
A Can be reversed by the originating B Can be reversed by the
Branch at any point of time without
originating Branch on the same
the involvement of the responding
day without involvement of the
Branch.
responding Branch.
C Cant be reversed by the declining D None of the above.
Branch without getting declined by
32. Once the transaction in IBTS is declined by the responding Branch
A The originating Branch has no
B The originating Branch can either
option but to reverse it.
reverse or re-originate the same.
C The originating Branch can only
D Both (a) & (c)
re-originate the entry after reversal
33. Re-origination of entry in IBTS by the originating Branch involves
A Accounting entries.
B No accounting entries.
C Automatic accounting entries at
D Automatic accounting entries both
originating Branch by the system.
at originating Branch and at
receiving Branch by the system.
34. While re-origination of the entry by the originating Branch, which of the
following can be changed/modified.
A Destination Branch code, amount B Destination Branch BGL No,
and narration
amount and narration.
C Destination Branch code, amount D Destination Branch code, BGL
and destination BGL account.
account and narration.
35. For responding a IBTS entry, the responding Branch
A Need not depend on any
B It can respond after receiving
documents.
system generated forward letter
and documents.
C It can respond on the strength of
Branch Clearing General Account.
36. If IOI security form fails to get printed or the printing is defective or the form
gets corrupted/torn while printing, the security form shall be treated as
damaged and destroyed, as it cannot be put to use. Who can mark such IOI
as damaged in CBS
a Vault teller only
b VPIS custodian only
c Branch Manager
d either a or b
37. Which of the following statement is not true in respect of blank IOI forms
a Blank IOI forms lost during the b Blank IOI forms lost during the
transit from Printer to Circle
transit from Circle Stationary
Stationary
Department
then
Department
to
Central Stationary Department
Branch: The Circle stationary
will make necessary input in CBS
Department will inform the details
up on receipt of information from
of lost blank IOI forms to Central
circle stationary department
Stationary Department which will
make necessary input in CBS.
Page 57 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
Loss of blank IOI forms at d Draft/IOI lost register is dispensed

with
Branch: The branch will inform
Central Stationary Department
who will make the necessary
input in CBS
Which is the customized forex outward remittance facility on the Retail
Internet Banking platform introduced by the Bank
a RemXout
b Xoutrem
c
d remoutX
remoutX
The customized forex outward remittance facility on the Retail Internet
Banking platform named remXout is presently permitted in
a USD
b Euro
c GBP
d All of these
Under a customized forex outward remittance facility with RINB, a user can
make
Upto ______ remittances in a calendar month.
a 8
b 4
c 12
d 18
Under remXout, Remittances will initially be permitted to be made for which
of the following purposes on self-declaration basis:
a Education
b Medical treatment abroad
c Maintenance of close relatives
d All of these
Under remXout, Remittance will initially be restricted to how many countries?
a 10
b 11
c 12
d 13
How many remittances can a person receive in a single calendar year under
Money Transfer Service Scheme (MTSS) through Western Union and
Moneygram
a 10
b 20
c 30
d 40
Bank has tied up with which of the following for Remittance Business with
Moneygram
a M/S Thomascook Ind Ltd
b M/s Quwait India International
c Master Card International
d None of the above
Cheques drawn on branches of other banks located at State Capitals/Major
A class Cities/other locations will be collected within __, __, ___ days
respectively.
a 5,10,15
b 7,10,14
c 7,14,21
d 6,12,18
Cheques drawn on branches of SBI branches located at State Capitals/Major
A class Cities/other locations will be collected within __, __, ___ days
respectively.
a 6,8,10
b 7,10,14
c 1,1,1
d 5,10,15
38.
39.
40.
41.
42.
43.
44.
45.
46.
Page 58 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
ANSWERS
1
11
21
31
41
d
b
a
b
d
2
12
22
32
42
d
d
c
b
b
3
13
23
33
43
b
d
a
b
c
4
14
24
34
44
b
a
b
d
a
5
15
25
35
45
d
b
b
b
b
6
16
26
36
46
b
d
a
d
a
Page 59 of 141
7
17
27
37
a
c
a
c
8
18
28
38
a
d
b
a
9
19
29
39
b
b
a
d
10
20
30
40
b
b
b
b
THE WINGS 2014
SBLC, MASULIPATNAM
ORGANISATIONAL STRUCTURE & BPR

1
10
Which one of the following is NOT a BPR initiative ?

A
Grahak Mitra
B
Drop Box
C
Project Ambience
D
Cross Selling
How many compartments does the Drop Box have, to accept the
instruments/Cheques through it for processing ?
A
Two
B
Four
C
Three
D
None of these
Which one of the following Business Unit is not a part of National Banking
Group (NBG) at Corporate Centre ?
A
SME Business Unit
B
Government Business Unit
C
Financial Institutions Business D
Agri Business Unit
Unit
What is the Annual Turnover Range defined for any unit to be classified
under Mid Corporate Group ?
A
Rs. 10 Cr to Rs.100 Cr
B
C
D
Which one of the following is the major role of Green Banking Cell that has
been set up in the Bank ?
A
Setting up of Green Channel
B
Providing Internet Banking
Counters in the Branch
Facility to all the customers
C
Providing Green Remit Cards
D
Undertaking various initiatives
to the Customers
like Energy efficient lighting,
tree plantation, water & waste
management etc
CENMAC (Central Office Management Committee) consists of
A
CGM, CDO, MDs
B
Chairman, MDs, DMDs
C
MDs, DMDs, Circle CGMs
D
None of these
The Bank's Registered Office is at
A
Mumbai
B
New Delhi
C
Kolkatta
D
Chennai
The reduction of liquidity and interest rate risk and optimization of returns, is
managed by which committee ?
A
Asset Liability Management
B
Inspection and Audit
Committee
Management System
C
Bank Risk Management
D
Corporate Risk Mitigation
Committee
Department
BPR is introduced as per the recommendations of which consultancy
organization
A
Rangarajan Committee
B
Narasimham Committee
C
Mckinsey & Co
D
Tata Consultancy Services
The functionality of Loan Origination Software (LOS) refers to
A
Designing a Loan Product
B
Registration, Processing and
using the software
Generation of Loan
Documents and tracking the
status of Loan applications
C
NPA Tracking
D
None of these
Page 60 of 141
THE WINGS 2014

11
12
13
14
15
16
17
18
19
20
21
SBLC, MASULIPATNAM
As per the revised Bank's organizational structure, The Regional Manager of

a Region will directly report to
A
DGM (O & C)
B
DGM (B & O)
C
GM (Net Work)
D
CGM of the Circle
Which of the following is not a profitability Ratio for the Bank ?
A
Gross Rate of Return
B
Net Profit Per Employee
C
Expenses Ratio
D
Net Interest Margin
What is the role of Currency Administration Cell ?
A
Managing of Currency Chest
B
It is the cell provided at RBI to
functioning
take care of Cash needs of the
Branches
D
Printing of Currency Notes
C
Optimisation of currency
balances at our branches,
efficient movement planning,
insurance and security
arrangements
Which is the software used at Currency Administration Cells ?
A
Finance One
B
B@ncs 24
C
Bancslink
D
Kubera
The Role of CRO is linked to which Cell under BPR initiative ?
A
Currency Administration Cell
B
Liability CPC
C
Multi Product Sales Team
D
RACPC
Trade Finance Central Processing Center deals with
A
Letters of Credit
B
Bank Guarantees
C
LC & BG
D
LC, BG and Bills both rupees
and foreign currencies
Which is the unit set up by Bank which performs the various services like
receiving voice calls, emails, letters, complaints from the customers, in
addition to accepting the requests for cheque book, fund transfer, bill
payment etc.
A
Liability Centralised Processing B
Contact Centre
Center
C
Complaint Centre
D
Outbound Sales Force
Presently, how many associate Banks are there in the State Bank Group ?
A
7
B
6
C
5
D
None of these
What is the role of Document Archival Centre (DAC) under BPR ?
A
Decongest the Branches by
B
Execution of Bank's Loan
removing records maintenance
Documents
C
Printing of Bank's Loan
D
None of these
Documents
Which is Module-17 of BPR project?
A
CPPC
B
DAC
C
LCPC
D
CAC
Which of the following is true regarding DAC operational area?
A
It covers all Branches only
B
It covers Branches as well as
CPCs
C
It covers Branches as well as
D
None of the above is correct
CPCs, but loan documents will
not be covered.
Page 61 of 141
THE WINGS 2014

22
23
24
25
26
27
28
29
30
1
D
11
B
21
B
SBLC, MASULIPATNAM
Which of the following is true regarding DAC?

A
First DAC is opened at
B
DACs do not deal in soft
Bhubaneswar
copies.
C
DACs work on a workflow
D
None of these
software on SBI Connect.
Head of DAC should be reporting to
A
The Regional Manager where
B
To all AGMs of all Regions and
the DAC is located
heads of CPCs
C
DGM (B&O)
D
BPR Cell at LHO
The DAC is bifurcated into
A
Management unit & archival
B
Retrieval unit & archival unit
unit
C
Collection unit & storage unit
D
The DAC functions as a single
entity
Who is a MANAGER(BO) in a BPR Branch?
A
Accountant
B
Branch Manager
C
CRO
D
RMPB
Which of the following roles is not stipulated by BPR manual for CAC?
A
Mobile messengers
B
Deputy Manager
(transportation)
C
Deputy manager
D
Mobile Cashiers
(Maintenance)
Which of the following is true regarding IRC?
A
IRC is an IBG outfit.
B
IRC will be reporting to GMU-K
for administrative purpose
C
IRC will reporting to
D
All of these
GLS(Global
link services), IBG for
performance purpose.
The number of IRCs (Inward Remittance Cell) in the country are
A
Only two
B
14 at all LHOs
C
4 at Delhi, Chennai, Calcutta
D
Only one.
and Mumabi
The purpose behind establishing IRC is
A
To reduce processing costs.
B
To allot skilled man power for
processing
C
To ensure faster credit to
D
All the above.
beneficiarys accounts.
Which of the following is not a BPR initiative?
A
IBCH
B
RMPB
C
Grahak Mitra
D
RCPC
ANSWSERS
2
C
12
C
22
C
3
C
13
C
23
C
4
D
14
D
24
A
5
D
15
B
25
A
6
B
16
D
26
C
Page 62 of 141
7
C
17
B
27
D
8
A
18
C
28
D
9
C
19
A
29
C
10
B
20
B
30
D
THE WINGS 2014
SBLC, MASULIPATNAM
P SEGMENT LOANS (OTHER THAN HOUSING AND CAR LOANS)

Prepared by Shri Bussa Chakrapani, Manager (Training)
10
For securing Education loan which of the following documents is mandatory

for both the student and parent/guardian
a) Ration card
b)
PAN card
c) Passport
d)
Voter ID
How many Demand Loans can be sanctioned against same TDR/STDR within
the overall permissible amount?
b)
Two
a) One
c) Three
d)
Four
In special cases, the AGM/RM can permit ____ loan against the same
TDR/STDR within the overall permissible amount
a) Second
b)
Third
c) Fourth
d)
Fifth
Our Educational loan scheme does not cover
a) Within India
b)
Foreign Study
c) Distance Education
d)
None of the above
Expenses for like study tours, project work, thesis, etc. can be considered for
loan subject to the condition that these should be capped at ____ of the total
tuition fees payable for completion of the course.
a) 40%
b)
35%
c) 20%
d)
None of the above
Cost of a two-wheeler upto Rs. ___________ can be included in the expenses
considered eligible for finance where the loan amount is secured by a suitable
third party guarantee and/or tangible collateral security.
a) 1,00,000/b)
45,000/c) 50,000/d)
None of the above
Educational loan Quantum of finance____?
a) Rs.10 lacs for studies in India &
b)
Rs.15 lacs for studies in India
Rs.30 lacs for studies abroad
& Rs.30 lacs for studies
abroad
c) Rs.20 lacs for studies in India &
d)
None of the above
Rs.10 lacs for studies abroad
Borrower Margin for Education loans of above Rs.4 lacs ?
a) Studies in India: 10%
b)
Studies in India: 5%
Studies abroad: 15%
Studies abroad: 15%
c) Studies in India: 10%
d)
None of the above
Studies abroad: 15%
Security for Education loan upto Rs.4 lac ?
a) NIL
b)
Coobligation of parent(s) &
No Security
c) Third party guarantee
d)
None of the above
Which branch is identified as Nodal branch in respect of education loan for
economically weaker sections for submission of claims under the scheme
a
New Delhi Main branch
b Kolkata Main branch
c
Mumbai main branch
d Chennai Main branch
Page 63 of 141
THE WINGS 2014

11
12
13
14
15
16
17
18
19
20
21
22
23
SBLC, MASULIPATNAM
Under SBI Loan to Affluent Pensioners what is the maximum amount that can
be sanctioned to pensioner and family pensioner respectively
a)
3 lacs and 1.50 lacs
b) 1 lac and 50,000/c)
2 lacs and 1 lac
d) 4 lacs and 2 lacs
The maximum amount that can be sanctioned against security of shares is
a)
5 lacs
b) 20 lacs in demat form and 10
lacs for physical shares
c)
50 lacs
d) No limit
The maximum Gold Loan amount that can be sanctioned under Per segment
a)
1 lac
b) 5 lacs
c)
10 lacs
d) No limit
What is the margin prescribed for advances against shares granted for the
purpose of acquiring new shares?
a)
50%
b) 40%
c)
33 1/3%
d) 75%
EMI should not exceed by ____ of pension in Affluent family pensioner loan
scheme.
a)
50%
b) 40%
c)
25%
d) 10%
Maximum repayment period permissible for a pensioner aged 71 years while
sanctioning a pension loan is
a)
24 months
b) 36 months
c)
48 months
d) 60 months
Maximum amount of loan that can be sanctioned to family pensioners
a)
25,000/b) 50,000/c)
75,000/d) 1,00,000/While sanctioning loan against TDR where none of the depositors are
borrowers of the loan against the same deposit, the following form is to
be obtained.
a)
A1
b) A2
c)
A3
d) A4
If outstandings of loan against shares exceed Rs ______the shares should be
transferred in Banks favour
a)
20 lacs in Demat form 10 lacs
b) 15 lacs
Physical
c)
20 lacs
d) 25 lacs
The surrender value of an LIC policy is Rs 10,000/-. How much loan can be
sanctioned?
a)
9,000/b
9,500/c)
10,000/d) 5,000/How much % of face value and accrued interests of an NSC can be
sanctioned as loan
a)
50%
b
60%
c)
75%
d) 85%
Maximum repayment period allowed for loan under Jai Jawan Pension loan
a)
48 months
b) 60 months
c)
84 months
d) 36 months
____ % margin should be met by pensioner while availing a pension loan?
a)
15%
b) 10%
c)
5%
d
No margin
Page 64 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
24
Maximum loan can be sanctioned under Jai Jawan pension loan

a)
1 lac
b
2 lacs
c)
3 lacs
d) No limit
25 Maximum repayment period of loan sanctioned against shares
a)
24 months
b
30 months
c)
36 months
d) 60 months
26 ____% of Face value and accrued interest can be sanctioned to staff
members while sanctioning loan against NSCs
a)
65%
b) 85%
c)
90%
d) 100%
27 What is the maximum loan under SBI student loan for studies in India?
a) 5 lakhs
b) 10 lakhs
c) 15 lakhs
d) 20 lakhs
28 What is the maximum loan under SBI student loan for studies abroad?
a) 10 lakhs
b) 15 lakhs
c) 30 lakhs
d) 25 lakhs
29 What is the margin for studies in India for loans above Rs. 4 lakhs
a) 5%
b) 10%
c) 15%
d) 20%
30 What is the margin for studies abroad for the loans above 4 lakhs?
b) 10%
a) 5%
c) 15%
d) 20%
31 What is the repayment period under SBI student loan?
b) 5-7 years after commencement of
a) 5 years
repayment
c) 7 years
d) 7-8 years
32 What is the security for loans up to Rs.4 lakhs under SBI student loan?
a) Co-obligation of parent (s)
b) No collateral security
c) Both a&b
d) TPG
33 What is the security for loans between 4 - 7.5 lakhs under SBI student loan?
a) Co-obligation of parents
b) collateral security at least
equivalent to loan amount
c) TPG
d) Both a) & c
34 What is the security for loan above Rs. 7.5 lakhs under SBI student loan?
a) Co-obligation of parents
b) Tangible collateral security along
with assignment of future income
of the student for payment of
instalments
c) TPG
d) Both a) & b
35 What is the rate of interest concession if full interest is repaid during
moratorium period?
a) 1%
b) 1.5%
c) 1.75%
d) 2.00%
36 What is the processing fee for loans up to Rs.4 lakhs?
a) 0.5%
b) 0.75%
c) 1.00%
d) Nil
37 What is the maximum loan under SBI Scholar schme
b) 10 lakhs
a) 5 lakhs
c) 15 lakhs
d) 30 lakhs
Page 65 of 141
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39
40
41
42
43
44
45
46
47
48
49
SBLC, MASULIPATNAM
For availing loan under SBI Education plus the applicant must be permanent
employee with____years of service?
a) 1
b) 2
c) 3
d) 5
The age of the applicant under SBI Education plus should be below
a) 45 years
b) 50 years
c) 60 years
d) 65 yeasrs
What is the minimum loan under SBI Education plus ?
a) 10000/b) 15000/c) 20000/d) 25000/What is the maximum loan under SBI Education plus?
a) 25000/b) 50000/c) 75000/d) 100000/What is the limit of Education loan that can be classified as priority sector
advance for studies in India?
a) 5 lakhs
b) 10 lakhs
c) 15 lakhs
d) 20 lakhs
What is the limit of education loan that can be classified as priority sector
advance for studies abroad?
b) 15 lakhs
a) 10 lakhs
c) 20 lakhs
d) 25 lakhs
What is the limit up to which education loans are eligible for interest subsidy
during moratorium for students from economically weaker sections with annual
gross parental/family income up to Rs.4.5 lakhs
a) 2 lakhs
b) 5 lakhs
c) 7 lakhs
d) 10 lakhs
Who is the competent authority for waiving third party guarantee for loans
above Rs.4 lacs and up to Rs.7.5 lacs
a) GM
b) AGM of CPC/ Region
c) DGM of the AO
What is the repayment period of education loans sanctioned to wards of staff?
a) 60 months
b) 84 months
c) 108 months
d) 120 months after moratorium
Which of the following statements about SBI student loan is correct?
a) No qualifying marks stipulated in
b) Admission through management
the last qualifying examination
quota may be considered.
c) Evening courses of approved
d) All of these
institutes
Which courses are not eligible under SBI student loan scheme?
a) Vocational training & skill
b) Medical courses in
development study courses
USSR,China,Nepal &other
countries not recognized by
Medical council of India.
d) All of these
c) Courses conducted by
universities through distance
mode of learning.
What is the maximum no. of loans in a family under the scheme?
b) 2 only
a) 1
c) 3 only
d) No ceiling
Page 66 of 141
THE WINGS 2014

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51
52
53
54
55
56
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59
60
SBLC, MASULIPATNAM
2% penal interest to be charged for loans of Rs. ---- for the overdue amount
and overdue period?
a) 2 lacs
b) Above 2 lakhs
c) 4 lakhs
d) Above 4 lakhs
Which of the following expenses can be considered for arriving at loan
amount?
b) Expenses like study tours, project
a) Fee payable to college/hostel
including examination fee.
work, theses etc.
c) Purchase of computers
d) All of these
What is the repayment holiday/moratorium under SBI student loan?
a) Course period + 1 year
b) Course period + 6 months after
getting job
c) Course period only
d) Course period+ 1 year or 6
months after getting job whichever
is earlier
Loan applications under SBI student loan have to be disposed off within a
period of ---- days?
a) 7 days
b) 7 weeks
c) 9 days
d) 15 days
The processing of education loan applications should be monitored by the
controllers and RACPCs on ------ basis?
b) Weekly
a) Daily
c) Fortnightly
d) monthly
What is the maximum age limit prescribed for the students availing the loan?
a) 21 years
b) 25 years
c) 30 years
d) No age limit
Application for educational loan should not be rejected without the concurrence
of
a) BM
b) AGM
c) GM
d) Next higher authority.
No Dues Certificate need not be insisted upon as a pre-condition for
considering education loan.
a) True
b) False
c) Cant Say
d) None of these
Loan applications received and disposed off register should be properly
maintained
a) True
b) False
c) Cant Say
d) None of these
Our branches can issue the capability certificate for the students going abroad
for higher studies
a) True
b) False
c) Cant Say
d) None of these
Government of India has formulated a scheme of providing Interest Subsidy for
Education Loans of students of Economically Weaker Sections whose
parental/family gross Annual Income is up to Rs.__________
a) Rs.1.00 lac
b) Rs.2.50 lacs
c) Rs.3.00 lacs
d) Rs.4.50 lacs
Page 67 of 141
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63
64
65
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67
68
69
70
71
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Concession in interest for girl students availing SBI student loan and SBI
Scholar loan w.e.f. 02.03.09 is
a) 1 %
b) 0.75 %
c) No concession
d) 0.50 %
Maximum Loan Amount for Studies Abroad is
a) Rs 20 lacs
b) Rs 25 lacs
c) Rs 30 lacs
d) Rs 50 lacs
For the purpose of reporting Priority Sector Lending, loans upto Rs. ____ Lacs
for studies abroad will only be taken into consideration.
b) 25 lacs
a) 20 lacs
c) 30 lacs
d) 50 lacs
Under SBI Loan Scheme for Vocational Education and Training quantum of
finance for course duration upto 6 months is subject to the ceiling of
a) Rs 25,000/b) Rs 50,000/c) Rs 1,00,000/d) Rs 2,00,000/Under SBI Loan Scheme for Vocational Education and Training quantum of
finance for course duration above 6 months is subject to the ceiling of
a) Rs 50,000/b) Rs 1,00,000/c) Rs 2,00,000/d) Rs 2,50,000/The margin % stipulated under SBI Loan Scheme for Vocational Education
and Training
b) 10%
a) 5%
c) 15%
d) NIL
Moratorium Period under SBI Loan Scheme for Vocational Education and
Courses Training, of duration up to 6 months
a) 3 months from the completion
b) 6 months from the completion of
of the course
the course
c) 9 months from the completion of d) 12 months from the completion of
the course
the course
Moratorium Period under SBI Loan Scheme for Vocational Education and
Courses Training, of duration above 6 months
b) 6 months from the completion of
a) 3 months from the completion of
the course
the course
c) 9 months from the completion of d) 12 months from the completion of
the course
the course
Repayment Period under SBI Loan Scheme for Vocational Education and
Courses Training, of duration up to 6 months
a) 3 years
b) 5 years
c) 7 years
d) 10 years
Repayment Period under SBI Loan Scheme for Vocational Education and
Courses Training, of duration above 6 months
a) 3 years
b) 5 years
c) 7 years
d) 10 years
Under SBI Scholar Loan scheme, enhanced maximum loan limit without any
tangible collateral, only Parent/ Guardian as co-borrower for List A, B and C
category institutes are ___________ Respectively.
a) Rs15lacs, Rs10lacs, Rs7.50 lacs b) Rs 20 lacs, Rs15lacs, Rs 10 lacs
c) Rs25lacs, Rs20lacs, Rs 12.5lacs d) Rs30lacs, Rs20lacs, Rs15 lacs
Page 68 of 141
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74
75
SBLC, MASULIPATNAM
Under SBI Scholar Loan scheme, enhanced maximum loan limit with tangible
collateral of full value for List A, B and C category institutes are ___________
respectively.
a) Rs15lacs, Rs10lacs, Rs7.50lacs
b) Rs20lacs, Rs15lacs & Rs 10 lacs
c) Rs25lacs, Rs20lacs, Rs12.5lacs
d) Rs30lacs, Rs20lacs, Rs 15 lacs
Under Xpress Credit Loan Scheme, the maximum loan amount for
School Teachers shall be a maximum of.
a) 6 months Gross Salary
b) 12 months Gross Salary
c) 18 months Gross Salary
d) 24 months Gross Salary
Apart from PAN Verification, the Xpress Credit proposals should be processed
through LOS without any exception to ensure
b) Validation under Risk Scoring
a) CIBIL Defaulters
c) De-dupe Check
d) All of these
Respective RM, RBO to the DGM(B&O) will certify _______ that all Control
Returns in respect of Xpress Credit Loans sanctioned by the Branches
under their control up to the end of previous month have been scrutinized and
found in order.
a) Monthly
b) Bi-monthly
c) Quarterly
d) Half yearly
ANSWERS
1
11
21
31
41
51
61
71
B
A
B
B
D
D
D
B
2
12
22
32
42
52
62
72
D
B
C
A
B
D
C
D
3
13
23
33
43
53
63
73
D
C
D
D
C
D
A
A
4
14
24
34
44
54
64
74
C
A
B
D
D
B
B
D
5
15
25
35
45
55
65
75
C
C
B
A
B
D
B
A
6
16
26
36
46
56
66
C
A
B
D
D
D
D
Page 69 of 141
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17
27
37
47
57
67
A
B
B
D
D
A
B
8
18
28
38
48
58
68
B
B
C
B
D
A
D
9
19
29
39
49
59
69
B
A
A
A
D
A
A
10
20
30
40
50
60
70
C
B
C
D
D
D
B
THE WINGS 2014
SBLC, MASULIPATNAM
SBI HOUSING LOAN SCHEME
Prepared by Shri R Prabhakara Rao, Manager (Training)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
The maximum age limit of the applicant for sanctioning housing loan under SBI
Yuva Home loan scheme is
a)
45 years
b) 30 years
c)
40 years
d) 25 years
In the case of residential complexes what is the permissible moratorium period
for the 14th floor of an apartment.
a)
6 months
b) 12 months
c)
18 months
d) 24 months
Which of the following is true with regard to CRE Home Loans
a)
Maximum loan tenor will be 25
b) Exposure for the third house
years.
onwards will be classified as a
CRE Home Loan
c)
Interest is 0.25% more than the
d) a, b & c are correct
normal rate
For staff Housing purpose maximum how many months repayment can be
allowed for a Gold loan?
a)
36 months
b) 48 months
c)
50 months
d) 60 months
Maximum loan that can be sanctioned under SBI realty
a)
1 Cr
b) 2 Cr
c)
5 Cr
d) 10 Cr
Maximum repayment period allowed under SBI Realty
a)
60 months
b) 120 months
c)
180 months
d) 240 months
Under reverse mortgage loan how much % of the value of the property is
sanctioned?
a)
60%
b) 75%
c)
90%
d) 100%
The target group of loans under Sahayog Niwas
a)
Tribals
b) High net-worth business people
c)
SHGs
d) Cooperative societies
Under Sahayog Niwas how much loan per head is sanction for repairs
a)
Rs 25,000/b) Rs 50,000/c)
Rs 1,00,000/d) Rs 2,00,000/For how many years an employee should be staying abroad for sanction of
NRI Housing loans?
a
1 year
b
2 years
c
3 years
d
5 years
What is the minimum amount of loan under SBI Reverse Mortgage Loan
a
1 lac
b
3 lacs
c
5 lacs
d
No minimum
Borrowers availing loans upto Rs_____ can opt for paying interest either at
fixed rate or floating rate
a
Rs 75 lacs
b
Rs 100 lacs
c
Rs 200 lacs
d
No fixed rate of Interest scheme
Page 70 of 141
THE WINGS 2014

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14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
SBLC, MASULIPATNAM
What is the target group of Sahayog niwas?

a
High net-worth customers
b
Rural employees
c
Joint families
d
SHGs
Purchase of house /flats which are more than ____ years old:
Administrative Clearance should be obtained from the next higher authority
a
15
b
20
c
25
d
10
What is the maximum moratorium period allowed for a building of 25 floors
a
18 months
b
24 months
c
30 months
d
36 months
Maximum loan that can be sanctioned for repairs/renovation under NRI
Housing loan is
a
10 lacs
b
20 lacs
c
1 cr
d
10 cr
Maximum loan that can be sanctioned under SBI Reverse Mortgage loan?
a
25 lacs
b
50 lacs
c
100 lacs
d
No limit
Maximum amount that can be financed for the purpose of House repairs and
renovations
a
5 lacs
b
10 lacs
c
15 lacs
d
20 lacs
What is the minimum amount of sanction under NRI Housing loans?
a
3 lacs
b
5 lacs
c
20 lacs
d
25 lacs
Pre-closure penalty is levied if the housing loan account is pre-closed within
how many years?
a
2 years
b
3 years
c
5 years
d
No penalty for pre-closure
As per revised processing fee structure effective from 1st May,2011, the
processing fee to be collected for a Home Loan above Rs.75 lacs would be
Rs._____
a
5000/b
10000/c
15000/d
20000
What is the maximum moratorium period allowed for a building of 20 floors
a
30 months
b
24 months
c
18 months
d
36 months
What is the Risk weight on Housing loan of Rs 50 lacs where LTV ratio is 75%
a
50%
b
75%
c
100%
d
150%
What is the minimum age to get a housing loan sanctioned in SBI?
a
18
b
21
c
25
d
26
What is the maximum age limit to sanction a Housing loan under Platinum Age
Limit.
a
70 years
b
75 years
c
60 years
d
80 years
Housing loans up to _____amount is reckoned under priority sector advances
a
10 lacs
b
15 lacs
c
20 lacs
d
25 lacs
Page 71 of 141
THE WINGS 2014

27.
28.
29.
30.
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33.
34.
35.
36.
37.
38.
39.
SBLC, MASULIPATNAM
The project cost of the Housing may consist cost of furnishing consumer
durables to an extent of
a
10% subject to max of Rs 3 lacs b
10 % subject to max of Rs 5 lacs
c
15% subject of Max 2 lacs
d
15% subject to max of 3 lacs
What is the permissible EMI/NMI ratio for an annual income of more than Rs
10 lacs
a
50%
b
55%
c
60%
d
65%
Which of the following Housing loan variants is not withdrawn
a
SBI Tribal plus
b
SBI Flexi home loan
c
SBI Freedom
d
SBI Optima
In the case of tie up with builders, joint publicity expenditure towards the cost of
advertisement material etc., shall be shared with the builder subject to a
maximum of ____% of the expenditure incurred
a
30%
b
40%
c
25%
d
50%
Maximum moratorium period allowed in housing loans
a
18 months
b
24 months
c
30 months
d
36 months
Which of the following gets included in the project cost in Housing loans?
a
Cost of site
b
Cost of Stamping
c
Cost of Registration
d
All of these
The outstandings in Home loans to NRIs should be liquidated before the
borrower reaches
a
60 years
b
70 years
c
75 years
d
80 years
What is the LTV Ratio in the case of house for ready possession where the
Home Loan is for above RS.20 lacs?
a
75%
b
80%
c
85%
d
90%
If the proposal is strictly within the scheme, no administrative clearance is
required for loan proposals up to Rs ____
a
1 cr
b
2 cr
c
7.5 cr
d
10 cr
Processing fee to be recovered for housing loan sanctioned under Sahayog
Niwas
a
0.50% of the loan amount
b
1000/- per loan
c
0.25% of the loan amount
d
None of these
What is the minimum limit amount under SBI Home loan PAL (Pre approved
loan)
a
10 lacs
b
20 lacs
c
25 lacs
d
30 lacs
Which of the following Home loan variants is not withdrawn
a
SBI Maxgain
b
SBI Flexi Home Loan
c
SBI Easy Home Loan
d
SBI Optima
What is the maximum amount that can be sanctioned under SBI Realty
a
1 crore
b
5 crore
c
10 crore
d
No limit
Page 72 of 141
THE WINGS 2014

40.
41.
42.
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48.
49.
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51.
52.
53.
SBLC, MASULIPATNAM
What is the maximum number of co-borrowers allowed in Housing loans

a
2
b
3
c
4
d
6
A higher margin of ______will be insisted upon Reimbursement of investment
in housing, made during the preceding 12 months
a
15%
b
20%
c
25%
d
30%
At the request of the borrower recovery of interest during the moratorium
period may be deferred only if moratorium period does not exceed ____
months
a
18
b
24
c
30
d
36
The LTV ratio for a loan of Rs.10 lacs in the case of construction is :
a
75%
b
80%
c
90%
d
None of these
No penal rate is chargeable for a Housing loan up to Rs _______
a
25000/b
50,000/c
1,00,000/d
None of these
What is the Risk weight on a housing loan of Rs 30 lacs where LTV ratio is
75%
a
50%
b
75%
c
100%
d
150%
The permissible age for eligibility under SBI YUVA home loan
a
From 18 years to 40 years
b
c
d
What should be the minimum residual life of property in case of single borrower
for sanction of loan under Reverse Mortgage ?
a
10 years
b
20 years
c
25 years
d
30 years
Maximum EMI/NMI Ratio for a loan of Rs 20 lacs under SBI Realty
a
30%
b
40%
c
50%
d
60%
In YUVA family( home loan) minimum ____% income should be contributed by
YUVA or YUVA couple
a
50%
b
60%
c
75%
d
85%
How much amount can be sanctioned for purchase of land under Gram Niwas
a
1 lac
b
2 lac
c
5 lac
d
No amount is sanctioned
Minimum loan amount under Home loan to business men
a
10 lacs
b
20 lacs
c
25 lacs
d
35 lacs
What is the minimum age of the spouse when loan is sanctioned in jointly with
the spouse in the case of SBI Reverse Mortgage loan
a
55 years
b
Above 58 years
c
60 years
d
No age restriction
What is the maximum amount that can be sanctioned for construction of house
under Sayahog Niwas
a
25000/b
50,000/c
75,000/d
1,00,000/Page 73 of 141
THE WINGS 2014

54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
SBLC, MASULIPATNAM
SBI Home plus can be availed for how many times during the currency of the
Housing loan?
a
5 times
b
4 times
c
3 times
d
2 times
To be eligible under Platinum age limit minimum margin stipulated is
a
20%
b
20%
c
25%
d
30%
Under CRE home loans Provision on standard assets to be made at
a
0.40%
b
1%
c
0.75%
d
0.65%
Under SBI Realty what is the minimum margin for a loan of Rs 1 Cr
a
15%
b
20%
c
25%
d
30%
The minimum periodicity stipulated for Inspection of NPA housing loan
accounts
a
monthly
b
quarterly
c
Half yearly
d
Every week
Maximum amount that can be sanctioned under Tribal plus
a
5 lacs
b
10 lacs
c
20 lacs
d
No limit stipulated
Which of the following is not true in respect of SBI Realty loans for above
Rs.50 lacs
a
Independent valuation of the b
To obtain two title search reports
property by two empanelled
from different lawyers one
valuers and lower of the two
before loan
sanction, and one
valuations will be considered for
before disbursement
loan assessment.
c
One CIBIL Credit Information d
Neither a) nor b) true
Report on the borrower is
sufficient which is obtained as
part of loan sanction process
The revised Home Loan Counsellor remuneration structure is
a
0.25% of the loan amount, b
Rs.25000/- per proposal
maximum
Rs.25000/per
proposal
c
d
0.15% of the loan amount , max
SBI Home loan PAL(Pre approved limit) facility is available
a
At all branches of SBI
b
At metro branches only
c
At RACPC only
d
At selected Brs. as approved by
Controllers only
Minimum size of the housing loan under SBI Home loan PAL is
a
Rs.25 lacs
b
Rs.10 lacs
c
Rs.35 lacs
d
Rs.20 lacs
Pre Approved loan arrangement letter (PLAL) under SBI Home Loan PAL
facility is valid for----- months
a
2
b
3
c
1
d
6
Page 74 of 141
THE WINGS 2014

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67.
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70.
71.
72.
73.
74.
SBLC, MASULIPATNAM
Reverse Mortgage Loan scheme is sanctioned as .

a
Term Loan
b
Overdraft without repayment
schedule
c
Non renewable Overdraft
d
Overdraft with repayment
schedule
Panel of Valuers for valuation of Immovable Assets for fixation of Reserve
Price for enforcement of the Banks rights under the SARFAESI Act, 2002, is
approved by
a
Authorized Officer
b
Regional Manager
c
LHO
d
ECCB
Opinion on Power of Attorney in TIR r is to be wetted by law officer. This has
been recently relaxed and opinion can be obtained from ___________ if the
loan amount is up to Rs._______
a
Two Bank's empanelled
b
By Law Officer ; Rs.20.00 lacs
advocates ; Rs.20.00 lacs
c
Two Bank's empanelled
d
By Law Officer ; Rs.30.00 lacs
advocates Rs.30.00 lacs
Updating Security Interest over the property created is done in Central
Electronic Registry under ____________ Act.
a)
RBI Act
b) SARFAESI Act
c)
PMLA Act
d) SBI Act
Adding back of depreciation to compute Net Annual Income of the borrower
under Home Loan scheme will be ascertained on the basis of last three years
Audited Balance Sheet of business/ activity and the latest audited balance
sheet should not be older that_________
a)
3 months
b) 9 months
c)
6 months
d) 12 months
Name the product that has been launched for existing Home Loan borrowers to
meet their personal needs like expenditure on education, marriage, health
care, renovation/furnishing etc. is ________
a)
SBI Home Equity
b) Reverse Mortgage Loan
c)
SBI Cash Plus
d) Home Plus Scheme
Minimum and Maximum loan amount under SBI Home Equity are _____
a)
Rs 10000/- & Rs 50.00lacs
b) Rs 20000/- & Rs 100.00 lacs
c)
Rs 40000/- & Rs 150.00 lacs
d) Rs 50000/- & Rs 200.00 lacs
Application having net annual income of less than_________ will not be
eligible for loan under SBI Home Equity.
a)
Rs 1.00 lac
b) Rs 2.00 lac
c)
Rs 3.00 lac
d) Rs 4.00 lac
At any point of time not more than two loans will be allowed to exist under the
Home Equity. Second loan under this scheme may be considered only after a
gap of ________ from the date of disbursement of first loan.
a)
One year
b) Two years
c)
Three years
d) Four years
Extension of mortgage for loan under SBI Home Equity will not be mandatory
up to the loan of _________
a)
Rs 2.00 lacs
b) Rs 3.00 lacs
c)
Rs 4.00 lacs
d) Rs 5.00 lacs
Page 75 of 141
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76.
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78.
79.
80.
81.
82.
83.
84.
SBLC, MASULIPATNAM
Permissible loan amount under SBI Home Equity is ________ of present

market value of the house property less present outstanding in the Home Loan
account.
a)
50%
b) 90%
c)
75%
d) 80%
All home loan borrowers having regular and standard accounts in higher
interest buckets may switch over to current card interest rates on upfront
payments of one time switch-over fee of __________ of their outstanding
a)
1.00%
b) 2.00%
c)
0.56%
d) 0.25%
SBI YUVA Home Loan scheme will be available to the salaried employees of
Central/State Government, Government undertakings/ PSUs/ MNCs and
reputed private sector companies in the age bucket of________________.
a)
18 years and above and upto
b) 21 years and above and upto 30
30 years
years
c)
21 years and above and upto 35 d) 21 years and above and upto 45
years
years
Under the SBI YUVA Home Loan scheme, _______higher home loan amount
than the eligibility calculated through EMI/NMI method has been permitted to
young salaried customers.
a)
25%
b) 30%
c)
20%
d) 35%
To eligible under SBI YUVA Home Loan scheme, minimum Net monthly
Income of salaried customers should be ___________
a)
Rs30000/b) Rs50000/c)
Rs25000/d) Rs 100000/A concession of _________ over the corresponding interest rate applicable to
regular Home Loan will be available under the SBI YUVA Home Loan Scheme.
a)
0.25%
b) 0.10%
c)
0.50%
d) 1.00%
Loan under Home Equity Scheme may be considered after the
Takeover of Home Loan provided that the satisfactory repayment
track record of the applicant for, at least, the previous ____________
a)
Six months
b) One Year
c)
Two Years
d) Three Years
Under the Interest Subvention Scheme, Home Loans upto Rs.15 Lacs
with project costs of the Housing Unit not exceeding .. are eligible
for 1% Interest Subvention for the Financial Year 2012-13.
a)
Rs. 15.00 Lacs
b) Rs.20.00 Lacs
c)
Rs. 25.00 Lacs
d) Rs. 30.00 Lacs
Obtention of Revival Letters and Balance Confirmation Letters may
be dispensed with in case of.which are being serviced regularly
and are classified as Standard Assets.
a)
Term Loan A/c in the P Segment b) Maxgain Home Loans
c)
Both (A) & (B)
d) None of these
Maximum Home Loan for Purchase/construction of a dwelling unit per family at
Metro centers with population above 10 Lacs that comes under priority
sector is
a)
Rs.15.00 Lacs
b) Rs.20.00 Lacs
c)
Rs.25.00 Lacs
d) Rs.50.00 Lacs
Page 76 of 141
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90.
91.
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SBLC, MASULIPATNAM
Maximum Home Loan for Purchase/construction of a dwelling unit per family at

other centers that comes under priority sector is.
a)
Rs.15.00 Lacs
b) Rs.20.00 Lacs
c)
Rs.25.00 Lacs
d) Rs.50.00 Lacs
Maximum Home Loan for Repairs to damaged dwelling units per family
at Rural & Semi-urban areas that comes under priority sector
is..
a)
Rs.1.00 lac
b) Rs.2 lacs
c)
Rs.5 lacs
d) Rs. 10 lacs
Maximum Home Loan for Repairs to damaged dwelling units per family
at Urban & Metropolitan areas that comes under priority sector is
a)
Rs.1.00 lac
b) Rs.2 lacs
c)
Rs.5 lacs
d) Rs. 10 lacs
If an individual owns two or more houses, singly or jointly, then the exposure
for the third house onwards or purchase of flat/residential plot will be treated
under.
a)
CRE Home Loans
b) SME Home Loan
c)
C&I Home Loan
d) Business Home Loan
The total number of houses/flats/residential plots under Personal Segment
Home Loans Scheme should not be more than
a)
3
b) 4
c)
5
d) 6
Revised average annual use hold income, permissible under Interest Subsidy
Scheme for Housing to the Urban Poor for Low Income Groups is.
a)
Above Rs. 0.50 Lacs toRs. 1.50 b) Above Rs. 1.00 Lacs toRs. 2.00
Lacs
Lacs
c)
Above Rs. 1.50 Lacs toRs. 2.50 d) Above Rs. 2.00 Lacs toRs. 3.00
Lacs
Lacs
While processing high value Home Loan proposals i.e. Home Loans
of , two Valuation Reports from different empanelled Valuers of
the Bank should be obtained.
a)
Rs.50.00 Lacs & above
b) Rs.50.00 Lacs & above
c)
Rs.150.00 Lacs & above
d) Rs.200.00 Lacs & above
As per Revised Home Loan Eligibility Norms, Regular income from all
sources including
Variable
pay,
performance/Production
Linked
Incentives, Bonus, Overtime etc. can be considered, in whole or in part,
on the basis of the average of the last , to arrive at
the eligible loan amount.
a)
One year
b) Two years
c)
Three years
d) None of these
For new Home Loan above Rs.1.00 Crore under Maxgain Scheme, a premium
of over and above the applicable interest rate will be
Recovered
a)
0.25% p.a.
b) 0.50% p.a
c)
0.75% p.a.
d) 1.00% p.a.
Reverse Mortgage Loan Scheme is launched specifically for the benefit of
a)
Doctors
b) Senior Citizens
c)
Agriculturist
d) None
Page 77 of 141
THE WINGS 2014

95.
96.
97.
98.
99.
100.
101.
102.
103.
104.
105.
106.
SBLC, MASULIPATNAM
Under Reverse Mortgage Loan Scheme the loan amount can be disbursed as
lump sum amount to ___ % of the limit
a) 25
b) 35
c) 40
d) 50
In the case of the death of the borrower under Reverse Mortgage Loan
Scheme the outstanding will be liquidated by
b) Legal heirs can settle the loan
a) Selling of the House
c) (a) or (b)
d) Declared as Banks property
The minimum age of the borrower under Reverse Mortgage Loan Scheme is
a) 60 Years
b) Above 60 Years
c) 58 Years
d) 55 Years
The residual life of the property to be obtained as security under Reverse
Mortgage Loan Scheme in the case of single borrower is ______ Years
a) 60 Years
b) 58 Years
c) 20 Years
d) 25 Years
The residual life of the property to be obtained as security under Reverse
Mortgage Loan Scheme in the case of spouse being below 60 Years of age
______ Years
b) 58 Years
a) 60 Years
c) 20 Years
d) 25 Years
The tenor of the loan under Reverse Mortgage Loan Scheme when the age of
the younger of the borrowers is between 58 and upto 68 years of age is _____
Years or till be death of the borrower (s), whichever is earlier.
b) 10 Years
a) 15 Years
c) 20 Years
d) 25 Years
The tenor of the loan under Reverse Mortgage Loan Scheme when the age of
the younger of the borrowers is above 68 years of age is _____ Years or till be
death of the borrower (s), whichever is earlier.
b) 10 Years
a) 15 Years
c) 20 Years
d) 25 Years
Quantum of loan under Reverse Mortgage Loan Scheme would be ____ % of
the value of the property
a) 65
b) 75
c) 85
d) 90
Quantum of loan under Reverse Mortgage Loan Scheme is inclusive of
a) Interest for one year
b) Processing charges
c) Interest till maturity of the loan
d) None of these
Maximum quantum of loan under Reverse Mortgage Loan Scheme
a) Rs.10.00 lacs
b) Rs.25.00 lacs
c) Rs.100.00 lacs
d) No ceiling
Pre-payment penalty of the loan during the tenure of the loan under Reverse
Mortgage Loan Scheme is
a) 0.75 %
b) 1.00 %
c) 1.50 % of pre paid amount
d) No prepayment penalty
Processing fee under Reverse Mortgage Loan Scheme is
a) 1.00 % of loan amount
b) 0.50 % of the loan amount
c) No processing charges
d) None of these
Page 78 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
107. Reverse Mortgage Loan Scheme is sanctioned as

a) Term Loan
b) Overdraft without repayment
schedule
c) Non-renewable Overdraft
d) Overdraft with repayment schedule
108. Reverse Mortgage Loan Scheme can be sanctioned by the following branches
a) Only Metro branches
b) All branches
c) PBBs
d) PBBs and branches with P
Divisions
109. Maintenance of the properties charged for availing Reverse Mortgage Loan
Scheme lies with
a) Bank
b) Borrower
c) Sharing by Bank & Customer 50- d) Sharing by Bank & Customer 2550
75
110. Ownership of the property mortgaged for availing Reverse Mortgage Loan
Scheme is with
a) Borrower
b) Bank
c) (a) and (b)
d) None of these
111. In case of the death of the borrower under Reverse Mortgage Loan Scheme
the legal heirs will be allowed to repay the loan within a period of
b) 9 Months
a) 3 Months
c) 6 Months
d) None
112. Reverse Mortgage Loan is sanctioned only if the surviving spouses are ___.
a) 2
b) 1
c) Not related
d) None of these
113. Under Reverse Mortgage Loan Scheme the title holder has to make a will
superseding earlier will if any in favour of _______
b) Spouse
a) Bank
c) No need of any will
d) None of these
114. Under Reverse Mortgage Loan, reasonable amount of time
may be provided to the legal heirs for selling the house and settlement
of the outstanding from the date the outstanding amount falls due for
repayment before initiating recovery measures.
a) up to the 3 months
b) up to the 6 months
c) up to the 9 months
d) up to the 12 months
115. If the outstanding of Reverse Mortgage Loan is not liquidated, then it will be
classified as a Sub-standard Asset on the....... day after the due date.
b) 120 days
a)
90th day
th
c)
180 day
d) 365 days
116. Revised average annual use hold income, permissible under Interest Subsidy
Scheme for Housing to the Urban Poor for Economically Weaker Sections
is
a)
Upto Rs. 0.50 Lacs per annum
b) Upto Rs. 1.00 Lacs per annum
c)
Upto Rs. 1.50 Lacs per annum
d) Upto Rs. 2.00 Lacs per annum
Page 79 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
ANSWERS
1
11
21
31
41
51
61
71
81
91
101
111
a 2 d 3 d 4 d 5 d 6 b 7
b 12 a 13 d 14 a 15 d 16 a 17
b 22 a 23 b 24 a 25 b 26 d 27
d 32 d 33 a 34 b 35 c 36 d 37
c 42 a 43 c 44 a 45 a 46 d 47
c 52 b 53 b 54 d 55 d 56 b 57
a 62 c 63 b 64 a 65 c 66 d 67
d 72 b 73 a 74 a 75 c 76 c 77
b 82 c 83 c 84 c 85 a 86 b 87
b 92 b 93 a 94 b 95 d 96 c 97
b 102 d 103 c 104 c 105 d 106 b 107
c 112 b 113 b 114 b 115 a 116 b
Page 80 of 141
c 8
c 18
a 28
a 38
b 48
c 58
c 68
d 78
c 88
b 98
c 108
c 9
b 19
d 29
a 39
c 49
c 59
b 69
c 79
a 89
c 99
b 109
a 10 b
a 20 d
a 30 a
c 40 b
c 50 a
b 60 c
b 70 a
a 80 b
c 90 b
d 100 a
b 110 a
THE WINGS 2014
SBLC, MASULIPATNAM
CAR LOAN

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
A car loan can be sanctioned under which of the facilities?

a)
Term Loan
b) Demand Loan
c)
Overdraft
d) Either TL or OD
Who of the following are eligible to apply for a car loan?
a)
Salaried employees
b) Professionals, self- employed
persons, businessmen
c)
Agriculturists
d) All the above
Which of the following category of car loan applicant need not submit Income
Tax Return/Form 16?
a)
Salaried employees
b) Professionals, self- employed
persons, businessmen
c)
Agriculturists
d) All the above
The age of a car loan applicant should be between _______
a)
18-60 years
b) 21-60 years
c)
21-65 years
d) 21-70 years
A car loan must be fully repaid before the borrower attains the age of :
a)
60 years
b) 65 year
c)
70 years
d) 75 years
The minimum Net Annual Income of( salaried) applicant and/or co-applicant if
any, together for car loan should be________
a)
100000
b) 120000
c)
200000
d) 300000
In respect of car loan applicants- Professionals, self-employed, Proprietary
/partnership firms, businessmen, the minimum Net Profit/ Gross Taxable
Income per annum as per I T Return after adding back depreciation and
deducting repayments of existing loans should be _____
a)
100000
b) 120000
c)
200000
d) 400000
The minimum Net Annual Income of (Agriculturists) applicant and/or coapplicant if any, together for car loan should be________
a)
100000
b) 120000
c)
200000
d) 400000
Income from other sources like ______can be added for arriving at minimum
Net Annual Income of a car loan applicant.
a)
Bank interest, rents
b) Dividends of listed Companies
c)
Agriculture income
d) All the above
The Net Annual Income of an agriculturist car loan applicant will be arrived at
based on ------------------a)
Nature of activity
b) Land holding & cropping pattern
c)
Yield
d) All the above
The maximum car loan amount that can be granted to a salaried person is
restricted to ---------------- times of Net Monthly Income
a)
24
b) 30
c)
36
d) 48
Page 81 of 141
THE WINGS 2014

12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
SBLC, MASULIPATNAM
The maximum car loan amount that can be granted to Self Employed,
Professionals and businessmens etc, is restricted to ---------------- times of Net
Annual Income/Net Profit/Gross Taxable Income
a)
2
b) 2.50
c)
3
d) 4
For a car loan applicant having a Net Annual Income up to Rs.5 lacs, the
EMI/NMI ratio should not exceed_______
a)
50%
b) 60%
c)
70%
d) 75%
For a car loan applicant having a Net Annual Income above Rs.5 lacs and up
to Rs.10 lacs, the EMI/NMI ratio should not exceed_______
a)
55%
b) 50%
c)
70%
d) 75%
For a car loan applicant having a Net Annual Income above Rs.10 lacs, the
EMI/NMI ratio should not exceed_______
a)
50%
b) 75%
c)
70%
d) 60%
The margin for a car loan on On road Price of the vehicle would be _____
a)
5%
b) 10%
c)
15%
d) 25%
While considering a car loan, the maximum cost of accessories should not
exceed -------%of the cost of vehicle or Rs.____________ whichever is less.
a)
5% or Rs. 50,000/b) 5% or Rs. 30,000/c)
5% or Rs. 50,000/d) 5% or Rs. 75,000/What is maximum repayment period allowed for a car loan?
a)
3 years
b) 5 years
c)
7 years
d) 10 years
If a car loan is sanctioned as Overdraft account, the differential rate of
interest would be ______
a)
0.50% above the applicable b) 0.50% below the applicable rate
rate for TL
for TL
c)
1% above the applicable rate d) Same as the rate applicable to
for TL
TL
In respect of a car loan, if the irregularity exceeds EMI, for a period of-----------, then the penal interest would be charged @2% p.a. (over and above the
applicable interest rate) on the------------------- for the period of default.
a)
One month/ overdue amount
b) 3 months/ overdue amount
c)
3 months/ outstanding amount d) One month/ outstanding amount
The processing fee for a car loan is 0.51% of the loan amount subject to a
minimum and maximum of ________
a)
Rs.500 & Rs.5000
b) Rs.1020 & Rs.10200
c)
Rs.1000 & Rs.5000
d) Rs.5000 & Rs.10000
If a car application is rejected after pre-sanction survey ------- % of the
Processing Fee will be retained subject to Minimum of Rs. 510/- and
maximum of Rs.2550/-.
a)
25%
b) 50%
c)
60%
d) 75%
Page 82 of 141
THE WINGS 2014

23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
SBLC, MASULIPATNAM
For car loan applicants other than agriculturists, I T Return/ Form 16 for the
last _______ years should be obtained.
a)
One year
b) 2 years
c)
3 years
d) 5 years
Takeover of car loans will be considered selectively subject to which of the
following conditions?
a)
The vehicle is not more than 2 b) The account of the borrower with
the other bank is a Standard
years old, It is a single
ownership vehicle & no
Asset
insurance claim has been
availed
c)
The loan should be repaid d) All the above
within 7 years from the date of
the original purchase of the
vehicle
We may also reimburse finance for the cars purchased out of own funds,
which are not more than ------------- old.
a)
3 months
b) 6 months
c)
12 months
d) 24 months
Presently the maximum time schedule for receipt of application and
sanction/disbursal of a car loan is days.
a)
2 days
b) 5 days
c)
7 days
d) 15 days
What is the pre-payment penalty for a car loan?
a)
1% of outstanding
b) 2% of outstanding
c)
5% of outstanding
d) No penalty
For car dealer sales executives, the incentive would be paid at _____ rate for
the loan applications sourced by them.
a)
0.25% of the loan amount b) 0.50% of the loan amount
(maximum Rs.3000/-)
(maximum Rs.3000/-)
c)
0.25% of the loan amount d) 0.50% of the loan amount
(maximum Rs.5000/-)
(maximum Rs.10000/-)
Who of the following can be appointed as Auto Loan Counselors?
a)
Retired SBI Officers
b) SBI Customers and others with
certain qualifications
c)
Car Dealers
d) A & b above
Auto Loan Counselors will be paid an incentive of _______ of the car loan
amount for the proposal sourced and sanctioned.
a)
0.1%
b) 0.2%
c)
1%
d) 2%
What is the maximum loan amount for new car loans?
a) 15 lakhs
b) 25 lakhs
c) 50 lakhs
d) No ceiling
What is the maximum loan amount for used car loans?
a) 5 lakhs
b) 10 lakhs
c) 15 lakhs
d) 20 lakhs
Page 83 of 141
THE WINGS 2014

33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
SBLC, MASULIPATNAM
What is the minimum NAI for pensioners to apply for a car loan?
a) 75000/b) 300000/c) 150000/d) 175000/What is the repayment cycle in car loans?
a) 10th for loans disbursed upto b) 20th for loans disbursed after 16th
15th of month
of the month
c) (a) and (b) are correct
d) End of the month
Which mode of disbursement is correct in case of car loans?
a) Direct credit into dealers b) Through RTGS/NEFT if dealer
account, if dealer maintains
maintain their account with other
their account with us
banks.
c) Through DD/BC
d) (a) and (b) are correct
What types of facilities are available under SBI Combo Loan Scheme?
a) Only OD
b) Composite Term Loan
c) Only TL
d) Both TL & OD
What is the repayment period of used cars?
a) 5 Years
b) 7 Years
c) 7 Years from the date of original d) 5 years from the date of original
purchase
purchase.
The maximum car loan amount that canb be granted to agriculturist pesons is
restricted to _____________ times of Net Annual Income
a) 2 times NAI
b) 4 times of NAI
c) 2.5 times NAI
d) 3 times of NAI
What is the margin of the borrower in case of car loans?
a) 5%
b) 10%
c) 15%
d) 25%
Where a check-off from the reputed employer is available the sanctioning
authority has discretion to reduce the margin by ---%
a) 1%
b) 2%
c) 3%
d) 5%
Recently bank entered tie-up with the following agency for seizure of car
loan.
a) TATA Motors
b) Maruti True value
c) SAMIL (Shrirama Automall India d) None of the above
Ltd)
Advantage Car loan is sanctioned for amounts
a) Above 5 lakhs
b) 5 lakhs
c) Below 5 lakhs
d) Scheme since dispensed with
What is the minimum credit score for considering the proposals good loans
(clean sanction)
a) 45 & above
b) 50 & above
c) 76 & above
d) 60 & above
What is the minimum EMI/NMI percent in case of car loan applicant having
NAI upto Rs.5 lacs?
a) 40%
b) 50%
c) 55%
d) 60%
Page 84 of 141
THE WINGS 2014

45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
SBLC, MASULIPATNAM
What is the EMI/NMI percent for car loans in case of tie-ups with reputed
PSU/Corporate institutions for applicants with Net Annual Income upto Rs.5
lacs?
a) 40%
b) 50%
c) Since withdrwan
d) 70%
Which of the repayment method is correct in case of car loan sanctioned to
agriculturists.
a) Half year installments
b) EMI method
c) Yearly installments
d) As per Agriculture Harvesting
year
Under SBI Combo Loan scheme, the following loans can be sanctioned at a
time.
a) Car and Tractor
b) 2 Cars
c) Car and 3 wheeler
d) Car and Two wheeler
Insurance of the car is done in the name of borrower?
a) Comprehensive insurance for b) At least 10% above loan amount
market value
c) Higher of a or b
d) None of these
The income of the following can be clubbed with that of the applicant for a car
loan?
a) Spouse
b) Father, Mother
c) Brother, sister
d) Any of these
How many applicants can be there in a car loan?
a) Only1
b) Up to 2
c) Up to 3
d) Up to 4
What is the maximum cost of accessories to be financed?
a) 5% of the cost of vehicle
b) Rs.50000/c) Lower of a or b
d) Only a
What is the minimum of processing charges of car loan?
a) 500/b) 1020/c) 2000/d) 2500/What is the maximum of processing charges of car loan?
a) 5000/b) 10200/c) 15000/d) 20000/What is the percent of processing charges for a car loan?
a) 1%
b) 0.75%
c) 0.51%
d) 0.25%
In the case of short-term promotional drives, the G. M. Of Network can
reduce the processing fee of car loans up to?
a) 25%
b) 50%
c) 75%
d) 100%
What percent of processing fee will be retained if the application is rejected
after pre-sanction?
a) 25%
b) 50%
c) 75%
d) 100%
As per recent instructions, the loan tenor of a car loan can be extended upto
_______ years if interest rates on the existing loans go up and the EMIs are
left unchanged.
a) 8 years
b) 9 years
c) 10 years
d) 12 years
Page 85 of 141
THE WINGS 2014

58.
59.
60.
61.
62.
63.
64.
65.
66.
67.
68.
69.
70.
SBLC, MASULIPATNAM
Who will be borrower in case of NRI Car loan scheme?

a) Resident Indian
b) NRI
c) Resident Indian & NRI
d) Only NRI
Who will be guarantor in case of NRI Car loan scheme?
a) Resident Indian
b) NRI
c) Resident Indian & NRI
d) NRI & employer
What is the percent of margin under NRI CAR loan scheme for loans?
a) 5%
b) 10%
c) 15%
d) 20%
The sanctioning authority of NRI car loan will have discretion to reduce
margin by _____% where check off from a reputed employer is available
a) 5%
b) 10%
c) 20%
d) 30%
What is the minimum NMI/NAI of the guarantor under NRI car loan scheme?
a) $ 500 NMI or $ 10000 NAI
b) $ 1000 NMI or $ 12000 NAI
c) $ 1200 NMI or $15000 NAI
d) $1500 NMI or 18000 NAI
What is the basis of loan amount of NRI car loan?
a) 6 times NMI or 0.5 times NAI
b) 12 times NMI OR 1 time NAI
c) 18 times NMI or 1.5 times NAI
d) 24 times NMI or 2 times NAI
The incentive payable to Auto Loan counsellors is ___ % of Car Loan
proposal sourced and sanctioned
a) 0.2 %
b) 0.3 %
c) 0.5 %
d) 1 %
EMI of the Car Loan may be reduced once during its tenure, if the account is
a Standard
Asset
and
the
loan
outstanding
is
at
least....and the interest rate reduction is of 1% or more.
a) Rs. 2.00 Lacs
b) Rs. 3.00 Lacs
c) Rs. 4.00 Lacs
d) Rs. 5.00 Lacs
If the Car Loan application is rejected after pre-sanction survey,
..of the Processing Fee will be retained subject to minimum of
Rs.510/-and maximum of Rs. 2550/-.
a) 25 percent
b) 50 percent
c) 75 percent
d) 100 percent
The cut-off score for clear sanction under revised car loan scoring model has
been reduced from 76 marks to...
a) 76
b) 70
c) 64
d) 60
Eligibility criteria to avail car loan by Ex-servicemen Clerical Staff are
minimum 5 years service including that in Armed forces, but subject to
completion of .confirmed service in the Bank.
a) 6 months
b) 1 year
c) 2 years
d) 3 years
As per revised Car Loan Scoring Model, a loan application may be declined if
its score is ..& below
a) 60
b) 55
c) 45
d) 35
What is the age group for availing a car loan?
a) 18-60
b) 21-65
c) 21-70
d) 25-75
Page 86 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
ANSWERS
1
11
21
31
41
51
61
d
d
b
d
c
c
a
2
12
22
32
42
52
62
d
d
a
c
d
b
b
3
13
23
33
43
53
63
c
a
b
b
c
b
c
4
14
24
34
44
54
64
c
b
d
c
b
c
a
5
15
25
35
45
55
65
c
d
a
d
c
b
d
6
16
26
36
46
56
66
d
c
a
c
b
a
a
Page 87 of 141
7
17
27
37
47
57
67
d
a
d
c
d
a
d
8
18
28
38
48
58
68
d
c
a
d
c
a
c
9
19
29
39
49
59
69
d
d
d
c
d
b
c
10
20
30
40
50
60
70
d
a
b
d
b
c
b
THE WINGS 2014
SBLC, MASULIPATNAM
CASH DEPARTMENT PROCEDURES

Compiled by Shri. Bussa Chakrapani, Manager (Training)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
Currency held by non-chest branches of SBI is the property of

a) Govt of India
b) SBI
c) RBI
d) None of these
Strong Room fitness certificate has to be renewed once in
b) A quarter
a) Once in two months
c) Once in a year
d) Six months
Balances in Currency Transactions account are transferred to FSLO on last
working day of
a) April & October
b) March & September
c) February & August
d) January & July
Excess cash found in the cash balance of a SWO has to be credited to
a) Suspense account
b) Charges account
c) Sundry Deposit account
d) Commission account
The deposit and withdrawal of Cash Box in/from Vault under IBCH will be
entered in
a) Cash Receipt / Delivery Register
b) Cash officers jotting book
c) Cash box receipt Delivery
d) None of these
Register
Cash held in the cash box overnight, will be treated as:
a) Sundry balance
b) Petty cash balance
d) None of these
c) Branch Cash balance
Specific gravity of pure gold is
a) 18.1
b) 20.1
c) 19.1
d) None of these
Cash officer is responsible for ______ while sanctioning gold loan
b) Weight
a) Purity
c) Value
d) All the above
Gold ornaments of deceased borrower pending their settlement will have to be
kept in
a) Joint custody
b) Safe Deposit Articles
c) In a separate locker
d) None of these
Vault Register will always be kept in
a) Accountants Hand Safe
b) Strong Room
c) With Cash Officer
d) None of these
Minimum Transaction that can be made to currency chest
a) Rs 1 lakh & multiples of Rs 1 lak
b) Rs 1 lak & in multiples of Rs
only
50,000 there of
c) Rs 50,000 & multiples of Rs
d) None of these
50,000
Currency Chest is the property of
a) Government of India
b) SBI
c) Reserve Bank of India
Small Coin Depot consists of
b) Coins upto Rs. 1/a) All coins
c) Coins below Re. 1/d) Coins upto Rs. 5/Page 88 of 141
THE WINGS 2014

14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
SBLC, MASULIPATNAM
Small Coin Depot (SCD) is the property of

a) SBI
b) RBI
c) Govt. of India
d) None of these
Rs 1/- notes are issued by
b) RBI
a) Govt of India
c) IBA
d) None of these
Min. withdrawal / deposits in SCD
a) Rs 100/- & multiples of Rs 50/b) Rs 500/- & multiples of Rs 50/c) Rs 1000/- & multiples of 100/d) None of these
Small coin depot transactions are to be reported to
a) Zonal Office
b) RBI
c) FSLO
d) None of these
Clean Note Policy (CNP) is governed by
a) Sec 35 of Indian Currency Act
b) Sec 35 A of B.R Act
c) Sec 35 A of RBI Act
d) None of these
Relationship between RBI & SBI in case of currency chests is
a) Principal & Agent
b) Bailor & Bailee
c) Agent & Principal
d) None of these
Person preparing the note packet is responsible for both quality & quantity upto
b) Rs 50/a) Rs 100/c) Rs 10/d) Rs 500/IBCH overnight cash retention limit is
a) Rs 2 lakh
b) Rs 5 lakh
d) None of these
c) Rs 1 lakh
In Branch Cash Handling (IBCH) is applicable to
a) Metro branches
b) Non currency chest branches
c) All branches
d) Currency chest branches
For Rs 500/- & Rs 1000/- person preparing the note packet is responsible for
b) Quality only
a) Quantity only
c) Both quality & quantity
d) None of these
Balances in Currency Chest have to be verified by an official other than the joint
custodians once in
a) Once in two months
b) Half year
d) Once in a year
c) Quarter
The difference between days total withdrawals and days total deposits in the
chest is
a) Treasury Transfer
b) Cash Transfer
c) Currency Transfer
d) None of these
The certificate of chest balance as on ____ is submitted to RBI by the Chest
branch
a) 31st March
b) 31st May
c) 30th June
d) 31st Dec
In a soiled note remittance to RBI if more than ___% of notes is found to be
issuable notes, then entire remittance will be returned by RBI at sending banks
cost
a) 10
b) 5
c) 20
d) None of these
Page 89 of 141
THE WINGS 2014

28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
SBLC, MASULIPATNAM
Name the of the Register to record exchange of Cash between SWOs in Cash
Dept.
a) Cash Transfer Register
b) Cash Receipts Delivery Register
c) Cash Officers Jotting Book
d) Cash Transaction Register
What type of insurance cover is obtained for Cash Remittances?
a) Comprehensive insurance cover
b) Fidelity Insurance cover
c) Transit Insurance cover
d) None of these
As per the latest instructions of the RBI, FIR has to be lodged in case of Fake
Currency notes, if the no. of notes is:
a) More than 5
b) More than 4
c) Less than 5
d) More than 6
Days net Withdrawal/ Deposit to reported to FSLO through
a) ICCOMS
b) IFAMS
c) Fax
d) email
Verification of Currency Chest balances by officials other than Joint custodian is
done at___________ intervals
a) Once in a month
b) Once in 2 months
c) No periodicity stipulated
d) Once in a quarter
Surprise verification of Critical Currency Chests is made by LHO at
b) Quarterly Interval
a) Monthly Interval
c) Half Yearly Interval
d) No periodicity stipulated
Which of the following is true when remittance is sent from one currency chest
to another currency chest?
b) Branch Cash Balance is debited
a) Branch Cash Balance is credited
and RBIs Account is debited
and RBIs Account is credited
c) No Entry is passed
d)
Charges towards police escorts, transport etc. for chest to chest remittances of
treasure is
b) Paid by RBI
a) Borne by Bank
c) Paid initially by Bank, then
d) None of these
reimbursed by RBI
Repository is part of
a) Branch Cash Balance
b) Currency Chest
c) Small Coin Depot
d) None of these
Printing & Circulation of forged Indian currency notes is an offence u/s
a) Sec 292 of Criminal Procedure
b) Sec 489A to 489E of Indian Penal
Code
Code
c) Both
d) None
Forged Note Vigilance Cell (FNVC) of the bank is required to submit data on
counterfeit notes detected during a month on all India basis by email to
____before the end of succeeding month
a) RBI Issue Office
b) FIU-IND, New Delhi
c) National Crime Records Bureau,
d) Currency Management Dept. of
New Delhi
RBI, Mumbai
Fidelity insurance cover for single window operator is obtained for
a) Rs 1 Lakh
b) Rs 2 Lakh
c) Rs 5 lakh
d) Rs 8 Lakh
Recounting of note packets is not required for denominations upto
a) Rs 50/b) Rs 100/c) Rs 500/d) All note packets to be recounted
Page 90 of 141
THE WINGS 2014

41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
SBLC, MASULIPATNAM
Who will be responsible for tampered bundles / note packets kept in the vault?
a) Cash-in-Charge alone
b) Joint Custodian of Vault
c) Accountant alone
d) Branch Head alone
In respect of soiled notes bundles prepared for remittance to RBI, who is/are
responsible for Quality & Quantity of notes in the bundle
a) Person preparing the bundle
b) Cash-in-charge
c) Accountant
d) Joint Custodian
Mahesh, single window operator, reported shortage of cash of Rs 5000/- in his
counter on 3rd Jan 2014. He is also not in position to deposit the same.
Shortage will be made good by debit to
a) Suspense A/c
b) System Suspense A/c Originating
Debit
c) Recalled Asset A/c
d) Charges A/c
Ceiling for petty cash expense is
a) Rs.100/b) Rs.25/c) Rs.50/d) Rs.49/Petty Cash should be checked by ____________ at _____________ interval
a) BM, Monthly Irregular
b) Accountant, Regular
c) RM, Monthly
d) BM, Fortnightly
Which of the following is not true regarding In- Branch Cash Handling Process?
a) Size of the aluminium box should b) Each SWO/Asstt. Cash is provided
be 14X11X4 size
with an aluminium box having
Overnight cash retention
limit of Rs 1.00 lakh
c) Every day, in the beginning,
d) This process will reduce the time
Cash-in-Charge verifies the
spent by the Cash Officer/Cashiercontents of Cash box on the
in-charge/SWO/Assistant
basis of system generated
(Cash) in handing over and
random list
receiving cash at the
beginning/close of the day
Safe deposit receipt relating to deposit of duplicate keys is entered in BD
register and the safe deposit receipt is held by _________________
a) Accountant outside the strong
b) Accountant inside the strong room
room
c) BM outside the strong room
d) BM inside the strong room
One Re coin is issued under _______ act
a) Coinage Act, 1906
b) RBI
c) SBI
d) BR Act
Currency Notes are printed at
a) Nasik, Dewas, Mysore & Salboni b) Nasik, Pune, Indore & Kanpur
c) Nasik, Pune, Dehradun &Mysore d) Nasik, Hissar, Salboni & Pune
Cash retention limit of the branch will be reviewed by _________ every year in
the month of__________
a) RM or CM (Admin), May
b) CM (Admin), May
c) Regional Manager, Nov
d) RM or CM (Admin), Nov
RBI has extended the date of exchange pre-2005 bank notes to ?
a) 01 March, 2016
b) 01 January, 2015
c) 30 June, 2015
Page 91 of 141
THE WINGS 2014

52
53
54.
55
SBLC, MASULIPATNAM
The Controller of the branches will arrange for periodical cash verification of
Hand Balance Branches ____
(a) at half yearly interval by the
(b)
By the Branch Manager of the
Branch Managers of nearby
Branch
branches
(c) No need for verification
(d)
None of the above
The coverage of cash-in transit insurance will be limited to _____?
(a) The cash retention limit of the
(b)
Upto 50,00,000/branch.
(d)
None of the above
(c) Upto 49,00,000/What is Shrink Wrapping in Cash Department?
(a) While sending soiled remittance (b)
While sending soiled remittance
to RBI Wrapping 1000 pieces in
to RBI packing 10 packets of 100
a bundle instead of packing 10
pieces in a bundle
packets of 100 pieces in a
bundle
While sending Soiled Note Remittance to RBI, remittance should sent in
multiples of________?
(b)
Rs.50000/(a) Rs.100000/(c) Rs.500/(d)
None of the above
ANSWERS
1.
11.
21.
31.
41.
51.
B
B
C
B
B
B
2.
12.
22.
32.
42.
52
C
C
C
B
A
A
3.
13.
23.
33.
43.
53.
A
C
B
B
C
A
4.
14.
24.
34.
44.
54.
C
C
A
C
C
A
5.
15.
25.
35.
45.
55
C
A
C
C
A
B
6.
16.
26.
36.
46.
C
A
B
B
C
Page 92 of 141
7.
17.
27.
37.
47.
C
C
B
B
C
8.
18.
28.
38.
48.
D
B
B
D
A
9.
19.
29.
39.
49.
B
A
C
C
A
10.
20.
30.
40.
50.
B
A
B
B
A
THE WINGS 2014
SBLC, MASULIPATNAM
GOVERNMENT BUSINESS

1
10
11
12
SBI handles Govt. Business as agent of RBI as per

(a)
Sec 45 of RBI Act
(b)
Sec 32 of SBI Act
(c)
Both a & b
(d)
None of these
TDS deducted during the month should be deposited to the credit of Govt
Account
(a)
Before 1st of subsequent month (b)
On the last working of the
respective month
(c)
Before 7th of subsequent month (d)
None of these
Agency commission paid by RBI in respect of Govt. Receipts - Physical mode
(a)
Rs.45 per transaction
(b)
(c)
9 paise per Rs.100
(d)
None of these
Agency commission paid by RBI in respect of Govt. Receipts-e-mode
(a)
(b)
(c)
9 paise per Rs.100
(d)
None of these
Agency commission paid by RBI in respect of pension payments where Pension
Files are held by the Bank
(a)
(b)
(c)
5.5 paise per Rs.100 turnover
(d)
None of these
Agency commission paid by RBI in respect of payments other than pension
(a)
9 paise per Rs.100 turnover
(b)
5.5 paise per Rs.100 turnover
(c)
(d)
None of these
PPF account can be opened by
(a)
Adult Individuals
(b)
HUF
(c)
NRI
(d)
All the above
Maximum amount that can be deposited in a PPF account during financial year
(a)
Rs.50000
(b)
Rs.70000
(c)
Rs.100000
(d)
None of the above
How many installments in a financial year are allowed for depositing amounts in
PPF account
(a)
5
(b)
9
(c)
12
(d)
None of these
Withdrawal is allowed from PPF account from _ _ _ _ _ _ _ _ onwards.
(b)
5th financial year
(a)
3rd financial year
(c)
7th financial year
(d)
All the above are true
What is the maximum period for which a PPF account can be opened
(a)
5 years
(b)
10 years
(c)
15 years
(d)
None of the above
Who are eligible to open accounts under Senior Citizen Saving Scheme 2004
(a)
An individual who has attained (b)
Who has attained the age of 55
the age of 60 years and above
years or more but less than 60
on the date of opening of an
years and who has retired on
account
superannuation or otherwise on
the date of opening the account
(c)
Both a & b
(d)
None of the above
Page 93 of 141
THE WINGS 2014

13
14
15
16
17
18
19
20
21
22
23
24
SBLC, MASULIPATNAM
Min and Maximum amount that can be accepted under Senior Citizen Savings
Scheme 2004
(a)
Min Rs.1000 and Max Rs.15
(b)
Min Rs.10000 and Max Rs.15
lacs
lacs
(c)
Any amount can deposited
(d)
None of the above
What is the maximum amount of deposit that can be accepted in cash under
Senior Citizen Savings Scheme 2004
(a)
100000
(b)
500000
(c)
1500000
(d)
No cash is accepted
Deposits under Senior Citizen Savings Scheme 2004 is accepted for a
maximum period of
(a)
3 years
(b)
5 years
(c)
5 years and extension by 3
(d)
None of the above
more years
What is the time limit within which Govt Transactions are to be settled with Govt
of India
(a)
T+3 working days where
(b)
T+5 working days where Dealing
Dealing Branch and FPLB are
Branch and FPLB are different
at the same centre
centres
(c)
Both a & b are true
(d)
None of these
CBDT transactions to be settled within
(a)
T+3 working days irrespective
(b)
T+5 working days
of location
(c)
T+1 working day
(d)
None of the above
All Govt Transactions through e-mode to be settled within
(a)
T+1 day
(b)
T+3 days
(c)
T+5 days
(d)
None of the above
Penalty rate for delay in settlement of Govt Transactions beyond permitted
period is
(a)
At Bank Rate
(b)
Bank Rate+1%
(c)
Bank Rate + 2%
(d)
None of the above
What is the expansion of EASIEST
(a)
Electronic Accounting System
(b)
Electronic Accounting Standards
in Excise and Service Tax
in Excise and Service Tax
(c)
Eectronical Accounts Services (d)
None of the above
in Excise and Sales Tax
Challan format to be used for CBEC credits is
(a)
GAR 7
(b)
ITS 280
(c)
GAR 9
(d)
None of the above
Settlement of State Govt transactions with regional office of RBI is the
responsibility of
(a)
GAD
(b)
FLSO
(c)
FSLO
(d)
None of the above
GBSS has been launched w.e.f.
(a)
01.1.2009
(b)
01.02.2009
(c)
01.03.2009
(d)
None of the above
Which of the following are not true with regard to e-Focal Point Link branches
(a)
e-FPB for CBDT Bangalore
(b)
e-FPB for Central Excise World
Main Branch
University Service Centre Branch,
Chennai
Page 94 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
(c)
25
26
27
28
29
30
31
32
33
34
35
e-FPB for Service Tax Fort

(d)
None of these
Market Branch, Mumbai
Which of the following statements are not true in case of CBDT Transactions
(a)
CIN will be generated for each (b)
CIN consist of BSR code, Date
credit transaction
and serial number of challan
(c)
Quoting PAN/TAN mandatory
(d)
None of these
in challans
Issue of Bankers Cheques at the request of Government Departments convered
under RBI Remittance facility Scheme
(a)
Yes, Exchange need not be
(b)
No, not covered under RBI
collected
Remittance facility Scheme,
hence exchange to be collected
Expand GBSS?
(a)
Government Business
(b)
Government Business Software
Software Solutions
System
(c)
Government Business System (d)
Government Banking Software
Software
Solutions
Certified copy of Datewise Monthly Statement (DMS) is called
(a)
Verified Datewise Monthly
(b)
Valued Datewise Monthly
Statement (VDMS)
Statement
(c)
Certified Datewise Monthly
(d)
None of the above
Statement (CDMS)
While transferring PPF account from one branch to the other what to be done
regarding the Accured Interest on the PPF A/c ?
(a)
A separate Draft has to be sent (b)
Advise the Accured interest to the
to the other branch
other branch so as to incorporate
the same in CBS.
The time frame for crediting the pension/ family after despatch of New PPO ?
(a)
Within 5 days
(b)
With in a week
(c)
Within a fortnight
(d)
At the month end
Interest paid on PPF Account on ?
(a)
31 January
(b)
On 31St March
(c)
31 December
(d)
None of the above
Interest will be accured on the balance available in PPF as on ?
(a)
Minimum balance between 5th
(b)
Minimum balance between 10th to
to 30th of every month
30th of every month
(c)
On daily balance
(d)
None of the above
Nomination facility available in PPF account ?
(a)
Available in the name of single (b)
Available infavour of one or more
individual
persons
(c)
Not available
(d)
None of the above
TDS parking system suspense A/c No.
(a)
3199363bbbbbc
(b)
3199362bbbbbc
(c)
3198363bbbbbc
(d)
None of the above
TDS decuted on Bank Deposits during the month of March to be remitted to
Govt. by
(b)
27th April
(a)
7th of next month
(c)
30th April
(d)
None of the above
Page 95 of 141
THE WINGS 2014

36
37
38
39
SBLC, MASULIPATNAM
Electronic filing of Quarterly TDS retunrs to be normally filed by

(a)
15th day of next calendar
(b)
30th day of next calendar Quarter
Quarter
(c)
6th day of the next calendar
(d)
None of the above
Quarter
Electronic filing of Quarterly TDS retunrs for the Quarter ending March 31 to be
filed by
(a)
15th day of next calendar
(b)
30th day of next calendar Quarter
Quarter
(c)
15 th May
(d)
None of the above
Penalty for furnishing of Quarterly returns
(a)
Rs.300/- per day till the date of (b)
Rs.200/- per day till the date of
filing of returns
filing
(c)
Flat 10,000/(d)
None of the above
e-payment of central excise duty and service tax is mandatory for all tax payers
paying the tax of ___________ w.e.f. 01.01.2014.
(a)
Rs 1,00,000.00 (Rs One Lac) & (b)
Rs.10,00,000/over
(c)
e-payment not required
(d)
None of the above
ANSWERS
1
11
21
31
c 2
c 12
a 22
b 32
c
c
c
a
3
13
23
33
b
a
b
b
4
14
24
34
b
a
d
b
5
15
25
35
b
c
d
b
6
16
26
36
Page 96 of 141
b
c
b
a
7
17
27
37
a
a
a
c
8
18
28
38
c 9 c 10
a 19 c 20
a 29 b 30
b 39 a
c
a
b
THE WINGS 2014
SBLC, MASULIPATNAM
INFORMATION SYSTEMS SECURITY & CORE BANKING SOLUTIONS

1
The need to establish information system security is to achieve _____ ?

(a)
Confidentiality
(b)
Integrity
(c)
Availability of information and
(d)
All of the above
information system
CISO is a ?
(a)
Chief Information Security
(b)
Chief IT Systems Officer
Officer
(c)
Central Information Security
(d)
Chief Information Safety
Office
Officer
Who approves IS Policy of the Bank ?
(a)
Chairman
(b)
CMC
(c)
ECCB
(d)
ACB
Encryption means ?
(a)
Make readable data as an
(b)
Make unreadable data as a
unreadable one
readable one
(c)
Both a & b
(d)
None of the above
Which is not true about Phishing ?
(a)
It is an example of social
(b)
It is typically carried out by eengineering Technique
mail spoofing
(c)
It is a way of attempt to acquire (d)
It is a type of computer virus3
vital information as a
trustworthy entity in an
electronic communication
If you ever receive an unsolicited telephone call from someone claiming to
need your password, what would you do ?
(a)
Tell him/her the password and (b)
Send him/her the password via
change it the following day
email
(c)
Refuse and report immediately (d)
Write the password on a piece
of paper, put it in an envelope
and send it by mail
When it is safe to open a file attached to an e-mail ?
(b)
When the e-mail is only sent to
(a)
When you know the sender,
you
the attachment is expected,
and it is not unusual in any way
(c)
When the attachment is not an (d)
When you know the sender
.exe or .com
Which of the following is characteristic of spyware ?
(a)
Blocking access to antivirus
(b)
Aggregating surfing habits
and antispyware updates
across multiple users for
advertising
(c)
Customizing search results
(d)
All of the above
based on an advertisers needs
Page 97 of 141
THE WINGS 2014

9
10
11
12
13
14
15
16
17
18
19
SBLC, MASULIPATNAM
How can we ensure the security of Backup media ?

(a) To secure against
(b)
To secure against environmental
unauthorized access
and physical threats
All the above are true
(c) Multiple copies of Backup to be (d)
maintained to deal with media
failure
What is the biggest vulnerability to computer information security ?
(a) End Users
(b)
Malware virus, worms, spyware
(c) Spam, Phishing attacks
(d)
Instant Messaging, Peer-to-Peer
(P2P) applications
The Encryption Mechanism implemented for online banking www.onlinesbi is ?
(a) 32 Bit SSL
(b)
64 Bit SSL
(c) 128 Bit SSL
(d)
256 Bit SSL
Process of attempting to acquire sensitive information is called ?
(a) Spoofing
(b)
Phishing
(c) Morphing
(d)
Spam
A program that migrates through networks and operating systems by attaching
itself to different programs and databases is ?
(a) Virus
(b)
Worm
(c) Damage
(d)
Denial of service
Where is the facility available to employees to report incidents related to
information security after logging in with their PF Index No. ?
(a) In B@ncs24
(b)
In service desk
(c) In EMS
(d)
In Onlinesbi
Who is primarily responsible for the Physical and Logical security of Desktop as
per the Acceptable Usage Policy of the Bank /
(a) Branch Manager/Head of the
(b)
System Administrator
Department
(d)
Information Security Department
(c) User to whom the desktop is
allotted
(ISD)
New mode for registering to Internet Banking is
(a) User Driven Registration
(b)
PPK Through Post
Process for Internet Banking
(URIB)
(c) Hand delivery of PPK
(d)
None of the above
What is SGTU in Registration process
(a) Sysem Generated Temporary
(b)
System Guaranteed Temporary
User Name
User name
(c) System Generated Typical
(d)
None of the above
Username
Each Scale I/ II/ III permitted to have __ MS Office licence.
(a) 2
(b)
1
(c) 4
(d)
None of the above
Branches of incumbancy Scale IV/ V may be permitted to have upto ___
additional licences.
(a) 2
(b)
1
(c) 4
(d)
None of the above
Page 98 of 141
THE WINGS 2014

20
21
22
23
24
25
26
27
28
29
30
31
32
33
SBLC, MASULIPATNAM
Branches headed by DGMs, MCG and CAG branches may be permitted to

have up to ___ licenses depending upon functional requirements
(a) 5
(b)
10
(c) 15
(d)
None of the above
E-Aadhar is an ______
(a) Officially Vaild Document for
(b)
Not an officially valid documents
opening of account
for opening of account
(c) In eligible document
(d)
None of the above
ATM card can now be blocked through
(a) Branch
(b)
By contacting call centre
(c) By SMS & Internet Banking
(d)
All of the above
Key word for blocking of ATM card through SMS
(a) BLOCK XXXX
(b)
BLOCK VVVV
(c) BLOCK XXXXX
(d)
BLOCK YYYY
For blocking ATM card SMS to be sent to
(a) 1800112211
(b)
567676
(c) 9223440000
(d)
None of the above
For blocking ATM card SMS to be sent to
(a) 1800112211
(b)
567676
(c) 9223440000
(d)
None of the above
For blocking ATM card through Internet Banking the menu is available in which
TAB
(a) My Accounts
(b)
Funds Transfer
(c) e-Services
(d)
None of the above
For funds transfer through NEFT cash can be accepted ?
(a) For less than Rs.50000/(a)
Upto Rs.50000/(c) Cash cannot be accepted
(c)
None of the above
Under Mobile Banking Service for SME Customers is available for
(a) Current Accounts only
(b)
Current Account & Cash Credit
(c) OD, CA, CC Accounts
(d)
None of the above
Under Mobile Banking Service for SME Customers is available for
(a) Current Accounts only
(b)
Current Account & Cash Credit
(c) SB, CA, CC Accounts
(d)
None of the above
Internet Banking users can now login after ____ minutes on the same day once
they are enabled in CBS
(a) 60 Min
(b)
30 Min
(d)
None of the above
(c) After EOD
Roles in INB Branch Interface
(a) INB Officer, Rule Authoriser 1, 2 (b)
Makers & Checkers
(c) Rule Authorier 1, 2
(d)
None of the above
What is BAS & what factor of authorization is this?
(a) Biometric Authentication
(b)
Biometric Access Solutions &
Solution & Second Factor
Second Factor
(c) Biometric Authentication
(d)
None of the above
Solution & First factor
Our Banks Centralized Antivirus Solution is ?
(a) Symantic Anti Virus
(b)
Trend Micro Antivirus
(c) Avast Anti Virus
(d)
None of the above
Page 99 of 141
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44
SBLC, MASULIPATNAM
Visually Challenged internet banking user should login to ?

(a) https://www.onlinesbi.com/sbivc. (b)
Normal internet banking site
html
https://www.onlinesbi.com
(c) Any one of the above
(d)
None of the above
State Bank Xpress Money Card, a new variant of rupee prepaid card has been
rolled out. Inward remittances received through ______ can be loaded into the
card.
(a) UAE Exchange and Financial
(b)
UAE Exchange only
Services Ltd only
(d)
None of the above
(c) Westrun Union Money Transfer
What is GRC, and its issue Charges?
(a) Green Remit Card, Rs.20/(b)
Green Return Card, Rs.100/(c) Green Red Card, Rs.50/(d)
None of the above
What is GRC cash deposit limit?
(b)
Rs.25000/- per txn, maximum
(a) Rs.5000/- per txn maximum
Rs.25000/- pm
Rs.100000/(c) Rs.1000/- per txn, maximum
(d)
None of the above
Rs.5000/- pm
What are various modes of accessing SBI Freedom?
(a) SMS, USSD, Application based, (b)
SMS, USSD, GPRS
GPRS
(d)
None of the above
(c) USSD, SMS only
What is new variant of Internet banking?
(a) SBI Freedom Plus google play (b)
SBI New Internet Banking
application
(c) SBI Freedom
(d)
None of the above
How many Gift Card can be ordered by a customer during a month?
(b)
10 cards
(a) 5 cards
(c) 50 cards
(d)
None of the above
Where Gift card can be delivered?
(a) At the address of the customer
(b)
At the address of the customer
or at the address of the
beneficiary
(c) At the address of the beneficiary (d)
None of the above
What are the minimum and maximum amount of top up of a Gift card?
(a) Min Rs.500/- Maximum
(b)
Min Rs.100/- Maximum
Rs.50000/Rs.10000/(c) Flat Rs.10000/(d)
None of the above
How many times the Gift card can be topped up?
(a) Any number of times
(b)
Only once
(c) 5 times
(d)
None of the above
Who can avail the facility of Virtual Card?
(a) All the account holders
(b)
Only user of Internet Banking
(c) Users of Mobile Banking
(d)
None of the above
Page 100 of 141
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Validity period of Virtual Card?

(a) As soon as transaction is
(b)
After cancellation
completed. Or If the card is
cancelled. Or Card is not used
for 48 hours after creation.
(whichever is earlier)
(c) 24 hours
(d)
None of the above
What are the minimum and maximum amount of top up of a Virtual card?
(a) Min Rs.500/- Maximum
(a)
Min Rs.100/- Maximum
Rs.50000/Rs.10000/(c) Flat Rs.10000/(c)
None of the above
Validity period of Smart Payout Card?
(a) 10 years from the date of issue
(a)
1 year from the date of issue
(c) 5 years from the date of issue
(c)
None of the above
What are the minimum and maximum amount of top up of Smart Payout Card?
(a) Rs.100/- to Rs.10000/(a)
Rs.500/- to Rs.50000/(c) Rs.10000/- to Rs.100000/(c)
None of the above
How many Smart Payout Cards can be issued to an SB Account holder?
(a)
Maximum 5 cards
(a) Maximum 3 cards
(c) Maximum 10 cards
(c)
None of the above
What is IMPS?
(a)
Immediate Mobile Service
(a) Immediate Payment Service
(IMPS)
(c) Maximum 10 cards
(c)
None of the above
ANSWERS
1
11
21
31
42
d
d
a
B
a
2
12
22
32
43
a
b
d
A
b
3
13
23
33
44
c
a
a
B
b
4
14
24
34
45
a
b
b
B
a
5
15
25
35
46
d
c
b
A
a
6
16
26
36
47
Page 101 of 141
c
a
c
a
a
7
17
27
37
48
a
a
a
b
a
8
18
28
38
49
d
b
a
a
a
9
19
29
39
50
d
c
a
a
a
10
20
30
40
a
B
B
B
THE WINGS 2014
SBLC, MASULIPATNAM
AGRICULTURE
Compiled By Shri P.Padma Babu Goud, Manager (Training)

1
10
11
12
D.C.B register is to be prepared as on what date every year?

A
31st May
B
30th April
C
30th June
D
31st July
Which of the following is one of SBIS initiatives under Bonding with Farmers
A
Apka Gaon
B
Hamara Gaon
C
SBI Ka Apna Gaon
D
Apna Gaon
Maximum limit under KCC is ----- Lakhs
A
15
B
20
C
75
D
No Limit
According to The Ministry of Water Resources, What is the bench mark
percentage for exploitation of ground water in respect of white area for irrigation
purpose
A
Less than 90%
B
Less than 70%
C
Less than 80%
D
Less than 65%
SHG financing is based on which committee ?
A
Kalia Committee
B
Narasimham Committee
C
Ghosh Committee
D
Rangarajan Committee
What is the Land Holding criteria for Small Farmer ?
A
2.5 acres of Wet land and 4
B
2.5 acres of wet land and 5 acres of
acres of dry land
dry land
C
4 acres of wet land and 2.5
D
None of the above
acres of dry land
Where is ICRISAT located
A
Chandigarh
B
Chennai
C
Bangalore
D
Hyderabad
The Document AB 3 refers to what in agriculture advances ?
A
Hypothecation Agreement
B
Gurantee Agreement
C
Simp Hypothecation
D
Mortgage Deed
Agreement
Which Document is to be obtained from the Agriculture Borrower at the time of
conversion of Crop Loan to Term Loan
A
AB 1
B
AB 7
C
AB 5
D
AB 6
What is the validity of KCC Card as per the revised KCC Scheme guidelines
A
4 Years
B
6 years
C
2 Years
D
5 Years
As per the revised KCC scheme the limit will be stepped up by ----% for every
successive year(2nd, 3rd, 4th and 5th year)
A
10%
B
20%
C
15%
D
25%
Under the KCC Scheme, consumption expenses can be included in the over all
limit to a maximum extent of ----% of the original limit
A
10%
B
20%
C
15%
D
25%
Page 102 of 141
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21
22
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Processing Charges are waived upto what limit in Kisan Credit Card Scheme ?
A
2 lac
B
1lac
C
3 lac
D
5 lac
Personal Accident Insurance Scheme to KCC Borrowers can be covered upto
Maximum Age ?
A
70 Year
B
72 Years
C
75 Years
D
65 Years
Under PAIS to KCC Borrowers what is the ratio of fee borne by Bank and
Borrower
A
1:2
B
3:1
C
1:3
D
2:1
What is the maximum coverage to a KCC Borrower under PAIS, who died
due to accident ?
A
50000/B
25000/C
75000/D
100000/What is the maximum premium to be paid by a KCC Borrower under PAIS ?
A
Rs.5/B
Rs.15/C
Rs.10/D
None of these
In which scheme Self Employed persons such as fishermen, rickshaw owner,
handloom weavers and SHGs can be sanctioned Working Capital and Term
Loan in same lines of KCC ?
A
Kisan Gold Card
B
General Credit Card
C
Swarojgar Credit Card
D
Kisan Sarpat Yojana
What is the Maximum Quantum of finance can be extended under Kisan Gold
Card Scheme ?
A
Rs.10 lacs
B
Rs.15 lacs
C
Rs. 5 lacs
D
Max. 5 times the annual farm
income/50% value of the land
mortgaged less term loan
outstandings/Rs. 10 lacs
whichever is less
What is the validity of General Credit Card ?
A
3 years
B
5 years
C
4 years
D
1 year
What is the minimum and maximum quantum of loan that can be sanctioned
as a mortgage loan to seed processing units ?
A
Rs.5.00 lacs and Rs.50 lacs
B
C
D
Rs.1.00 lac and Rs.50 lacs
What is the Margin fixed for mortgage loan to seed processing units ?
A
35%
B
25%
C
20%
D
50%
What is the maximum amount of advance that can be sanctioned under
Produce Marketing Loan Scheme ?
A
Rs.10 lacs
B
Rs. 50 lacs
C
Rs.30 lacs
D
Rs.15 lacs
What is the margin applicable for loans under PML Scheme ?
A
40%
B
5%
C
10%
D
15%
Page 103 of 141
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SBLC, MASULIPATNAM
What is the maximum repayment period in respect of Term Loans for Power
Tillers ?
A
7 years
B
9 years
C
5 years
D
6-7 years
What is the Maximum Project Cost for financing of Agri Clinic and Agri
Business Centres for single agri graduate and group of agricultural graduates
respectively ?
A
20 lacs, 50 lacs
B
25 lacs, 50 lacs
C
25 lacs, 100 lacs
D
20 lacs, 100 lacs
As per the Supreme Court ruling, no advance should be granted to ------- type
of agricultural activity
A
Sericulture
B
Advances for cold storages
C
Pisci culture
D
Brackish Water Aquaculture
Maximum amount can be sanctioned to a farmer under SBI Krishak Uthaan
Yojana ?
A
1 lac
B
2 lac
C
0.50 lac
D
1.5 lac
What is the maximum amount can be financed under scheme for financing
Private Cold Storage / Private Warehouses for on-lending to farmers ?
A
100 lacs
B
200 lacs
C
300 lacs
D
400 lacs
What should be the minimum capacity of cold storage to be considered for
finance under scheme for cold storage/private ware houses for on lending to
farmers ?
A
2000 mt
B
2500 mt
C
1000 mt
D
5000 mt
What is the minimum land criteria for financing a self propelled Combine
Harvestor ?
A
8 Acres Irrigated land
B
C
D
What should be the minimum usage per annum for Combine Harvestor to
become a viable project, for finance ?
A
500 hrs
B
1500 hrs
C
2000 hrs
D
1000 hrs
Which type of Alternate Channel product is being provided to KCC Borrower ?
A
State Bank Gift Card
B
Green Remit Card
C
State Bank Kisan Card
D
State Bank Credit Card
What is the minimum land holding should a borrower possess to become
eligible for finance under New Tractor Loan Scheme ?
A
4 Acre
B
2 Acre
C
1.5 Acre
D
1 Acre
What is the maximum repayment period under New Tractor Loan Scheme ?"
A
5 years
B
9 years
C
7 years
D
6 years
Page 104 of 141
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SBLC, MASULIPATNAM
What is the maximum limit/limits for waiver of collateral security as per the
revised KCC Scheme ?
A
3 lacs
B
1 lac
C
2 lacs
D
1 lacs and 3 lacs with tie-up
arrangement
What Flexible Limit can be sanctioned to KCC borrowers, to meet post
harvest expenses, consumption needs, storage cost and small means of
investment etc as per the revised KCC Scheme
A
Rs. 10000/B
Rs.50000/C
Rs.10000/- to Rs.50000/D
None of the above
RBI has directed the banks that the shortfall in Agricultural credit of 18% and
shortfall in priority sector lending target of 40% should be invested in
A
RBI
B
RIDF
C
PM's Relief Fund
D
Agriculture Development
Fund
What is the Bank's reward and recognition scheme to reward the officers
who have excelled in Agri Business
A
The Achiever Award
B
Green Channel Program for
Excellence
C
The Gold Crown
D
The Silver Crown
What is the maximum loan amount can be financed to a Dairy unit under
Dairy Plus Scheme ?
A
5 lacs
B
2 lacs
C
3 lacs
D
10 lacs
What is the maximum repayment period for a term loan in Dairy Plus ?
A
7 years
B
5 years
C
3 years
D
4 years
What should be maximum age for a borrower to get a finance under Dairy
Plus ?
A
Below 65 years
B
Below 70 years
C
Below 60 years
D
No age limit
For a big dairy unit of 10 animals and above applicant should own ----- acres
of land
A
1.5 acre
B
2 acre
C
1 acre for every 5 animals
D
None of the above
No. of persons in a SHG shall not be more than ------- members ?
A
20
B
10
C
25
D
No limit
Maximum Credit Limit permissible to an SHG under SHG Credit Card
Scheme?
A
4 times savings corpus
B
8 times savings corpurs
C
6 time savings corpurs
D
Rs. 500000/What is the validity of SHG Credit Card ?
A
1 year
B
5 years
C
2 years
D
3 years
What is the minimum limit amount as per the SHG Gold Card ?
A
1 lac
B
2 lac
C
3 lac
D
0.50 lac
Page 105 of 141
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What is the maximum sub limit amount can be financed for purchasing a Bulk
Chilling Unit for a dairy society under Dairy Plus Society scheme
A
2 lac
B
3 lac
C
4 lac
D
1 lac
What is the minimum DSCR to sanction a loan under dairy plus scheme ?
A
2:1
B
1.75:1
C
2.5:1
D
None of the above
What is the maximum loan amount under SHG finance ?
A
10 times the corpus or savings
B
8 times the corpus or savings
C
6 times the corpus/savings
D
4 times the corpus or saviangs
What should be the collateral value in respect of an agricultural gold loan ?
A
110% of advance value
B
C
100% advance value
D
With a view to mitigate the inconvenience to the borrowers RBI has dispensed
with obtaining No dues Certificate from applicant requiring loan limit upto ----A
Rs.50000/B
Rs.10000/C
Rs.25000/D
Rs.100000/Crop insurance is required to be done compulsorily for ----A
Compulsory for all crops
B
Not compulsory
C
Compulsory for all notified crops D
Only Small and Marginal
Farmer crops
SBI Krishak Uthaan Youjana aims to provide short term production and
consumption credit to----A
Small and Marginal Farmers
B
Agriculture Labour
who own agri land
C
Tenant farmers, oral lessees
D
None of the above
and share croppers
What is the minimum land holding criteria for financing tractor up to 35 horse
power is
A
2 acres of perennially irrigated
B
land
land
C
D
land
land
What is the minimum hours of work per annum required to get finance under
Tractor Loan Scheme ?
A
600 hours
B
800 hours
C
1000 hours
D
500 hours
Instead of obtaining No dues Certificate a self declaration from the borrower in
respect of KCC/ACC loans upto ------------ and production loans upto ---------respectively ?
A
Rs. 50000/- and Rs.50000/B
Rs.100000/- and Rs.50000/C
Rs.25000/- and Rs.50000/D
Rs.50000/- and Rs.100000/What is the name of the Scheme that facilitates, financing the cost of repairs
for Tractors ?
A
Repairs to Tractors
B
Sanjivani
C
Tractor Plus
D
None of the above
What is the periodicity for inspection of a Irregular Tractor Loan account
A
Quarterly
B
Half Yearly
C
Monthly
D
Annually
Page 106 of 141
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What is the maximum repayment tenor under tractor finance ?

A
7 Years
B
5 Years
C
6 Years
D
9 Years
What is the name of Bank's Scheme for financing Commission Agents who
support the farmers to meet their needs at the time of harvest ?
A
Artisan Credit Card
B
Arthias Plus
C
General Credit Card
D
None of the above
What is the maximum loan limit that can be sanctioned under Arthias Plus
Scheme ?
A
Rs. 50 lacs
B
Rs. 25 lacs
C
Rs. 20 lacs
D
Rs. 10 lacs
What is the margin for Arthias Plus ?
A
25%
B
40%
C
50%
D
15%
SHG Linkage is of how many types ?
A
Three
B
Two
C
Four
D
One
What is the document executed by Authorised representatives of SHG while
financing an SHG ?
A
B
Guarantee Agreement
C
Inter Se Agreement
D
Articles of Agreement
What is the document executed by all the group members of SHG while
financing SHG ?
A
B
Guarantee Agreement
C
Inter Se Agreement
D
Articles of Agreement
Inspection Charges on SHG Laons above Rest. 2 lacs is Rs. --------- per lacs
A
75
B
100
C
125
D
150
Under SHGs Financing Scheme of Schedule Tribes the max amount of Rs.------ per member subject to a max. limit of Rs. 5.00 lac per group
A
35000
B
50000
C
25000
D
75000
Under SHGs Financing Scheme of Scheduled Tribes (Refinance by NSTFDC)
Bank will charge 6% p.a interest (Fixed) on reducing balance on SHG Loan
accounts and the NSTDFC will charge ------p.a on funds released to the Bank
as 100%
A
5
B
4
C
3
D
2
As per the revised guidelines Interest subvention entry has to be passed on
last working day of each -------------- without fail.
A
Quarterly
B
Half Yearly
C
Yearly
D
Monthly
In the revised scoring model maximum no. of marks are given to which
parameter ?
A
Hiring Potential
B
Social Status
C
Cropping Pattern
D
Perennial Source of Irrgiation
Financing of both Working Capital and Term Loan simultaneously is called
as?
A
Loan Syndication
B
Composite Loan
C
Combined Loan
D
Loan Syndication
Page 107 of 141
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While financing for crop production in Agriculture the amount of finance per
acre is called as ?
A
Working Capital Finance
B
Crop Finance
C
Scale of Finance
D
None of the above
Scale of Finance i.e., amount we sanction per acre under KCC is decided by ?
A
NABARAD
B
RBI
C
AGM of the Region
D
District Level Technical
Committee
The limit in KCC depends on the following
A
Farmer, Area, Crop
B
Farmer, Security, Cropping
C
Operational Land Holding,
D
None of the above
Cropping Pattern, Scale of
Finance
In KCC consumption credit is calculated on the following
A
Crop Production Limits
B
Total Limit Sanctioned
C
On allied production needs
D
On total production needs
In KCC upto ------------ limit no collateral security is obtained ?
A
0.50 lac
B
1.00 lac
C
2.00 lac
D
3.00 lac
The Primary Security in case of KCC is
A
Hypothecation of Standing
B
D P Note
Crops
C
Charge on Land
D
Mortgage of Land
Crop Insurance is covered by which of the following Insurance Companies ?
A
The United India Insurance Co
B
The Oriental Insurance Co. Ltd
C
SBI General Insurance Co. Ltd
D
The National Agriculture
Insurance Co.
Crop insurance is applicable to which crops ?
A
All crops
B
Cereals only
C
Pulses
D
Crops as decided by GOI for
each district and for each
season
Crop Insurance should be covered by -----A
Month wise
B
Monthwise , Crop wise
C
Monthwise, Crop wise, and
D
Month wise Crop Wise Mandal
Mandal wise
Wise and SF/Big Farmer wise
Zonal Office Scales are almost ----- times to normal scales of finances
A
2
B
3
C
4
D
5
KCC is sanctioned for the following purposes
A
Crop production needs
B
Allied Production needs
C
Miscellaneous needs
D
All the above
In contract Farming with the Tie Up Arrangement obtention of collateral
security is waived upto Rs.------A
2 lacs
B
1 lac
C
3 lacs
D
5 lacs
In Agricultural Term Loans, collateral is waived upto a limit of Rs.
A
5 lac
B
3 lac
C
2 lac
D
1lac
Page 108 of 141
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96
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In Agriculture Term Loans where movable assets are not created out of bank
finance what is the limit above which collateral security is obtained ?
A
1 lac
B
0.20 lac
C
0.50 lac
D
2.00 lac
In Kisan Gold Card (KGC) how many number of loans can be sanctioned to a
single borrower ?
A
3
B
4
C
5
D
6
In personal accident insurance what is the time limit within which the nominee
of the injured has to report to the concerned bank ?
A
With in 1 week
B
Within 10 days
C
Within 15 days
D
Within 30days
The corpus fund in SHG does not include the following ?
A
Cash in Hand
B
Bank Loan
C
Cash in their Savings Account
D
Internal Loan outstanding with
the borrowers
Government of India is providing Interest Subvention to Short term agriculture
advances to
A
Only commercial banks
B
Commercial banks, RRBs
C
Commercial Banks, RRBs, and D
None of the above.
Cooperative Banks
In Agriculture Cash Credit interest @7% is charged upto a limit of Rs.
A
1 lakh
B
3 lakh
C
5akh
D
2 lakh
RIDF stands for
A
Rural India Development Fund
B
Rural Integrated Deposit Fund
C
Rural Industrial Development
D
Rural Infrastructure
Fund
Development Fund
NABARD prepares --------plan taking into consideration the potentials
available in the district before preparing the annual credit plan ?
A
Potential Credit Plan
B
Annual Credit Plan
C
Service Area Credit Plan
D
Potential Linked Credit Plan
Inspection charges for advances to weaker sections ?
A
No charges
B
25% of actual charges
C
75% actual charges
D
50% of actual charges
In agriculture advances, detailed opinion is compiled on borrowers whose
aggregate credit limits are more than Rs.
A
2 lac
B
1 lac
C
0.50 lac
D
0.25 lac
AB1 Simple Documentation is obtained for borrowers whose limits are ------A
Upto 0.50 lac
B
Upto 2 lac
C
Upto 1 lac
D
Upto 3 lac
The minimum amount in KCC for take over ------A
1 lac
B
2 lac
C
3 lac
D
5 lac
Demand Collection Balance Register is maintained for
A
CC & ACC accounts
B
KCC Accounts
C
ATL Accounts
D
ACC/KCC/ATL accounts
Page 109 of 141
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What is meant by mixed farming ?

A
Growing more than 1 crop
C
100
101
102
103
104
105
106
107
108
109
110
111
Growing crops and allied

D
activities
In Agricultuer, Document AB 6 refers to
A
Revival Letter - borrower
B
C
Guarantee Deed
D
Growing crops on community

basis
None of the above
Revival Letter Gurantor

Letter sent to Borrower by
Bank if the loan is not repaid
on due date
Stamp duty for AB 1 in case of agriculture cash credit where the loan is
secured by mortgage crop is --------% of loan amount or maximum
A
0.5%
B
0.6%
C
2%
D
2.%
Annewari indicates
A
Cropping pattern
B
Rainfall
C
Land Cess
D
The extent to which crops are
damaged due to natural
calamity
What does AB 4 refer to ?
A
Notice to Borrower
B
Notice to Guarnator
C
Revival Letter - Borrower
D
Revival Letter - Guarantor
Which segmental advances will be covered under Differential Interest Rate
Scheme 1971
A
SSI
B
SBF
C
Agri
D
All of these
What is the annual family income criteria for Urban and Semi Urban areas to
become eligible for finance under DIR Scheme ?
A
Rs.40,000/B
Rs.24,000
C
Rs.30,000/D
None of these
What is the annual family income criteria for Rural area, to become eligible
for finance under DIR Scheme ?
A
Rs.20,000/B
Rs.22,000/C
Rs.18,000/D
Rs.25,000/What is the revised or enhanced loan ceiling under DIR Scheme ?
A
Rs.15,000/B
Rs.25,000/C
Rs 20,000/D
Rs. 6,500/What is the revised loan ceiling for housing under DIR Scheme ?
A
Rs.24,000/B
Rs.20,000/C
Rs.25,000/D
Rs.26,000/What is the ROI and Margin respectively under DIR Scheme ?
A
3% , 10%
B
4%, 15%
C
4%, 5%
D
4%, nil
The Banks are required to lend under DIR at least ----% of the total credit as
at the end of the previous year.
A
18%
B
40%
C
24%
D
1%
What is the loan maximum loan repayment tenor under DIR ?
A
3 years
B
4 years
C
5 years
D
2 years
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What is the criterion for land holding irrigated and non irrigated respectively to
become eligible for finance under DIR scheme ?
Not to exceed 2 acre of
A
Not to exceed 1 acre of irrigated B
irrigated and 5 Acres of Non
and 2.5 Acres of Non irrigated
irrigated land
land
C
No such ceiling
D
None of these
What is the criterion for land holding irrigated and non irrigated respectively
for SC/ST community farmers to become eligible for finance under DIR
scheme ?
Not to exceed 0.5 acre of
A
Not to exceed 1 acre of irrigated B
irrigated and 1.25 Acres of Non
and 2.5 Acres of Non irrigated
irrigated land
land
C
No such ceiling
D
None of these
What is the full form of PMEGP ?
A
Prime Ministers Education
B
Prime Ministers Environment
Guarantee Proramme
Guarantee Plan
C
Prime Ministers Employment
D
None of these
Guarantee Programme
What is the single national level nodal implementation agency for PMEGP ?
A
NREGS
B
PMRY
C
KVIC
D
NHB
As per the Scheme of Capital Investment Subsidy Scheme for commercial
production units of organic inputs, out of three components what was the
component that was withdrawn from the scheme w.e.f 11/8/2010 ?
A
Fruit and vegetable waste
B
Vermi Hatcheries
compost production unit
C
Biofertilizers and Biopesticides
D
None of these
production units
What is the subsidy provided for Fruit and vegetable waste compost
production unit by the NABARD under the above Scheme ?
A
33% of capital cost max. 60 lakh B
33% of capital cost max. 40 lakh
C
25% of capital cost max. 60
D
lakh
lakh
What is the subsidy provided for Bio Fertilizers/Bio Pesticides unit by the
NABARD under the above Scheme ?
A
B
25 % of capital cost max. 40
lakh
lakh
C
D
lakh
lakh
What is the implementing agency under the above scheme ?
A
National Centre of Organic
B
NABARD
Farming
C
National Horticulture Board
D
Central Government of India
As per the finance under Capital Investment Subsidy for Cosntruction / Renovation
of Rural Godown what is the project cost for godowns upto 1000mt
A
Project cost as appraised by
B
financing Bank or
financing Bank or
actual cost of Rs.3500/- per MT
actual cost of Rs.2500/- per
of storage
MT of storage
capacity, whichever is lower
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SBLC, MASULIPATNAM
D
financing Bank or actual cost
financing Bank or actual cost of
of Rs.3000/- per MT of storage
Rs.5000/- per MT of storage
What is the ceiling on maximum subsidy in any category for the finance under
the scheme Capital Investment Subsidy for Cosntruction/Renovation of Rural
Godowns ?
A
Rs. 2 Crore
B
Rs.2.25 Crore
C
Rs.1.35 Crore
D
Rs. 3 crore
What is the eligible DSCR to get finance under New Tractor Loan Scheme ?
A
1.75 : 1
B
1.5 : 1
C
2:1
D
2.25 : 1
What is the IT platform used for issuing State Bank Kisan Card for usage
through ATM and POS ?
A
Ru Pay
B
Verisign
C
Maestro
D
Visa
What is the Margin on market value of gold to be retained in case of
Agriculture Gold Loans ?
A
20%
B
25%
C
30%
D
35%
Branch should obtain a certificate from a local jeweler for the loans above the
limit ---------?
A
Rs.50000/B
Rs.100000/C
Rs.75000/D
Irrespective of the limit
What is the minimum land holding criteria for financing tractor above 35 horse
power is
A
6 acres perennially irrigated
B
land
land
C
10 acres of perennially irrigated D
None of the above
land.
What is Green Power?
A
Scheme to donate solar street
B
Villages having recovery of
lights to villages with excellent
50% or more should be
track record of recovery of
selected.
Agri NPAs.
C
Each RBO to select 3 to 5 best D
All of these.
villages in their area.
Limits sanctioned to dealers/sellers of fertilizers, pesticides, seeds, cattle
feed, poultry feed , agricultural implements and other inputs is.
A
Rs.5.00 crores.
B
Rs.1.00 crore.
C
Rs.50 lacs.
D
None of these.
Kharif season is from______ to ______.
A
April to September.
B
January to June.
C
October to March.
D
July to December.
Rabi season is from______to________.
A
April to September.
B
January to June.
C
October to March.
D
July to December.
Apiculture is________cultivation.
A
Bee keeping
B
Mushroom
C
Mulbery
D
None of these.
C
121
122
123
124
125
126
127
128
129
130
131
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133
134
135
136
137
138
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Silviculture relates to___________.

A
Bee keeping
B
Sericulture
C
Floriculture.
D
Forest tree cultivation.
Pisci culture relates to___________
A
Rearing of silk worm
B
Food grain production
C
Fish farming
D
Mushroom cultivation.
Aqua culture relates to___________
A
Prawn / Shrimp production
B
Floriculture
C
Bee keeping
D
Mushroom
Vermiculture relates to__________
A
Fish farming
B
Rearing of earthworms
C
Prawn / Shrimp production
D
Forest tree cultivation
Seri culture relates to____________
A
Bee keeping
B
Rubber producion
C
Rearing of Silk worms
D
Mushroom cultivation
Minimum and maximum limit under KCC is Rs._____ and Rs._______.
A
3000, No upper ceiling
B
1000, No upper ceiling
C
1000, Rs.3.00 lacs
D
None of these.
KCC is valid for ________ years.
A
1
B
3
C
5
D
2
CC SHG is valid for a maximum period of______years.
A
3
B
5
C
1
D
10
Inter cropping means.
A
Cultivation of crops once in
B
Cultivation of crops
along with two years.
dairy farming.
C
Cultivation of short duration
D
None of the above.
crops between the rows of
main crop.
Service Area is applicable for_________.
A
All agricultural loans
B
Only for crop loans
C
Only for Government sponsored D
Only for Agricultural Termschemes.
Loans.
Green revolution relates to ___________.
A
Paddy
B
Grass production
B
Food-grains production.
D
Dairy farming
Trail Netting techniques is employed in________.
A
Pisciculture
B
Tissue culture
C
Moriculture
D
Dairy finance
Brown revolution relates to____________.
A
Cocoa production
B
Rubber production
C
Wheat producton
D
Paddy production
Black revolution relates to_____________.
A
Black water
B
Rubber production
C
Oil seed production
D
Forest tree production.
Blue revolution relates to______________.
A
Fish farming
B
Sea water
C
Rain water harvesting
D
None of these.
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148
149
150
151
152
153
154
155
156
157
158
159
160
SBLC, MASULIPATNAM
Under Minor irrigation, the spacing norms between two bore wells is?
A
250 meters
B
180 meters
B
215 meters
D
None of these.
No fresh minor irrigation loan can be sanctioned in
A
Green area
B
Dark area
C
Grey area
D
White area
White revolution relates to___________
A
Milk production
B
Rain water harvesting
C
Fish farming
D
Prawn cultivation
Yellow revolution relates to__________
A
Milk production
B
Flower production
C
Oil seed production
D
Rubber production.
An area is grey block where the underground wate exploitation is more
than______% but up to __________%
A
50, 50
B
60, 70
C
70, 90
D
50, 75
Underground water exploitation not more than_______% is called white block.
A
50
B
25
C
10
D
70
Broiler farming means__________
A
Rearing of layers
B
Rearing of ducks
C
Poultry farming for meat
D
Meat.
Performance test report for tractors, combine harvesters and power tillers
should be obtained by the manufacturers from
A
Dealer
B
Manufacturer
C
Central Farm Machinery Training D
RBI
& Testing Institute, Budni(M.P) /
Hissar (Haryana)
Small farmer means a person who is having
A
Up to 5 acres of dry land
B
10 acres of dry land
or 2.5 acres of wet land.
C
2.5 acres of dry land
D
5 acres of wet land
A Person having agricultural income has to producre form No____ for
depositing cash into a deposit account, as per IT rules.
A
60
B
61
C
50
D
54
Marginal farmer is a person having
A
5 acres of wet land
B
Up to 2.5 acres of dry land
B
Up to 1.25 acres of wet land
D
None of these
& up to acres of dry land.
Agriculture labourer means
A
Person having up to 0.5 acres
B
Has home stead
C
More than 50% of the income
D
All of these.
is from agricultural wages
Debeaking relates to________
A
Sheep rearing
B
Poultry
C
Fisheries
D
Duck rearing
Of the Bank's Net Bank Credit _______ % should go to agricultural sector.
A
40%
B
18%
C
10%
D
20%
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ANSWERS
1
c
11
a
21
c
31
a
41
b
51
b
61
b
71
b
81
d
91
b
101
b
111
c
121
d
131
a
141
c
151
a
2
c
12
b
22
a
32
d
42
a
52
c
62
a
72
b
82
a
92
d
102
d
112
a
122
b
132
d
142
b
152
d
3
d
13
c
23
b
33
c
43
c
53
c
63
b
73
c
83
d
93
d
103
c
113
c
123
a
133
c
143
a
153
c
4
b
14
a
24
a
34
b
44
a
54
c
64
a
74
d
84
c
94
a
104
d
114
c
124
b
134
a
144
a
154
c
5
a
15
d
25
b
35
a
45
a
55
c
65
d
75
c
85
d
95
b
105
b
115
c
125
a
135
b
145
b
155
a
6
b
16
a
26
d
36
d
46
d
56
a
66
c
76
d
86
a
96
c
106
c
116
b
126
a
136
c
146
a
156
b
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7
d
17
a
27
d
37
c
47
b
57
d
67
c
77
b
87
c
97
a
107
a
117
a
127
d
137
a
147
a
157
b
8
d
18
c
28
a
38
b
48
c
58
b
68
a
78
a
88
d
98
d
108
b
118
b
128
a
138
c
148
b
158
d
9
b
19
d
29
a
39
b
49
b
59
c
69
c
79
d
89
b
99
c
109
d
119
a
129
a
139
b
149
a
159
b
10
d
20
a
30
d
40
a
50
d
60
d
70
d
80
d
90
c
100
d
110
d
120
a
130
c
140
c
150
c
160
b
THE WINGS 2014
SBLC, MASULIPATNAM
GENERAL AWARENESS
Compiled by Shri S.Sivajee, Manager (Training)

1.
Commodity exchange markets in India are regulated by

a) Commodities exchange Board
b) Forward markets commission
c) Commodities Exchange Regulation
d) Commodities Exchange
Commission.
Regulation Board.
2. MCA-21 relates to
a) Mopping up of black money in the
b) Prevention of malpractices by
country.
companies.
c) Computerization of ROC/MCA
d) Governing companies in a
(Registrar of companies) dealings.
better way in the wake of
Sathyam.
3. Bombay Stock Exchange (BSE) is situated at Mumbai. Where is the National
Stock Exchange (NSE)?
a) Kolkata
b) New Delhi
c) Bangalore
d) Mumbai
4. Stress Testing in financial parlance relate to
b) An advanced approach for
a) Finding out Banks strength to
withstand various stresses emanating
asset liability management of
from various risks.
financial institutions.
c) Business strategy of banks by testing d) An approach for measuring
the stress in the economy.
stress levels in bank
employees.
5. IRDA Chairman is
a) Amitabh Chowadhary
b) J.Hari Narayan
c) K.Chakraborthy
d) T.S.Vijayan
6. The headline inflation measure in Indian economy are based on
a) Year-on-year variation of WPI.
b) Year-on-year variation of CPI.
c) Real time variation of WPI
d) Real time variation of CPI.
7. Bit coins in the economy means
a) Bit coins is digital currency not
b) New currency going to be
backed by any Government.
introduced.
c) Coins in bit form
d) Plastic coins.
8. As per IRDA, a pension insurance policy should also contain a provision for
a) One time withdrawal
b) An annuity
c) Benefits of accident
d) Both (b) & (c)
9. M-3 money supply measurement in India takes into consideration
a) Post office SB savings
b) Time deposits with banks
d) All the above.
c) Interbank deposits
10. The social web site ORKUT is owned by
a) msn.com
b) Rediff.com
c) Google
11. 3G SPECTRUM is
a) New generation of cell phones
b) Allotment of new and higher
bandwidths in cellular
communication
d) Multimedia cellular
c) New technology in cellular
.communication.
communication technology.
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12. The managing director of IMF is

a) Percy Anderson
b) Lileon Mathew
c) Christine Lagarde
d) Lely Cipora
13. Vijay Malya Chairman of the ill fated Kingfisher Airlines is heading the famous
a) VB Group
b) UB Group
c) Jaiswal Group
d) Jindal Group
14. Who is the president of CII?
a) Adi Godrej
b) Ajay S Shriram.
c) D.Parekh
c) Anil Ambani
15. The world Bank consists of
a) IBRD (International Bank for
b) IBRD only and IDA is an
reconstruction and Development) &
independent and
IDA (International development
complementing agency.
Agency).
c) IDA only and IBRD is an independent d) None of the above is correct.
and complementing agency.
16. Worlds largest bank in terms of balance sheet size is
a) BNP Paribas
b) Deutche Bank
d) JP Morgan Chase.
c) HSBC Bank
17. Procyclicality is a word associated with
a) Credit Risk
b) Market Risk
d) Systemic Risk
c) Country Risk
18. Carbon credits are systematized following
a) Paris protocol
b) Kyoto protocol
c) Manila protocol
d) Washington protocol
19. The institution which looks after regulation of insurance sector in the country is
b) AMFI
a) IRDA
c) ICDA
d) SEBI
20. As per the recommendations of Basel-III, the Tier-2 capital is to be ______
a) Enhanced
b) Reduced
c) Eliminated
d) Harmonized.
21. The tag line of which of the following banks is worlds local bank
a) HDFC
b) ABN AMRO
c) HSBC
d) CITY BANK
22. Who is the chairman of IBA (Indian Banks Association)?
a) Smt.Chanda Kochchar
b) Sri.Pratip Chaudhuri
d) Shri.K.R.Kamath
c) Shri.Bhaskar Sen
23. Aadhar Payment Bridge System (APBS) was developed by
a) NPCI
b) RBI
c) SBI
d) CCIL
24. Which bank / Financial Institution took the lead in setting up of CCIL (Clearing
Corporation of India Limited)?
a) SBI
b) IDBI
c) LIC
d) ICICI
25. As per SEBI Rules, what is the maximum investment limit for Retail Inventors in
public issues?
a) Rs.50,000/b) Rs.100,000/c) Rs.125,000/d) Rs.200,000/-
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THE WINGS 2014
SBLC, MASULIPATNAM
26. Jean Claude Trichet is a personality associated with______?

a) IMF
b) World Bank
c) European Central Bank
d) Federal Reserve
27. Which of the following summits is related to climate change?
a) Canberra summit
b) Greenland summit
c) Copenhagen summit
d) Venice summit
28. Who is the honorary secretary of IBA?
a) Shri.T.M.Bhasin
b) Sri.Pratip Chaudhury
c) Shri.Bhaskar Sen
d) Shri.K.R.Kamath
29. Monetary review will be taken up by RBI at
a) Half yearly intervals
b) Annual policy
c) Quarterly intervals
d) Bi-monthly intervals.
30. Finacle is a CBS software developed by
a) TCS
b) Infosys
c) IBM India
d) i-flex solutions
31. Recently which European countrys economic state sent shivers in the global
economy?
a) Germany
b) Netherlands
d) France
c) Greece
32. Technology up-gradation fund scheme (TUFS) promoted by Government of
India is applicable to
b) Sugar industry
a) Textile & Jute Industry
c) Tea & coffee industry
d) Food industry
33. NASSCOM is the
a) Indo-American venture for
b) American outsourcing
collaboration in software.
regulatory authority
c) National Association of Software and d) Chamber of commerce of ITService Companies
BPO industries in America.
34. Rail Bandhu is a
a) Indian Railways magazine
b) Indian Railways Volunteer
c) Indian Railways co-branded card
d) Railways Hotel chain
35. Which committee on customer service appointed by RBI recommended for
restoration of cash failed to be dispensed through ATMs to the customers
accounts within 5 days?
a) Damodaran Committee
b) Khale committee
c) Usha Thorat Committee
d) Narendra Dev committee
36. Blue green algae is a
a) Toxic bacteria
b) Infectious bacteria affecting
crops
c) A bio fertilizer
d) Found in seas affecting ship
movements in sea routes.
37. BRIC stands for
a) Brazil, Russia, Indonesia & Chile
b) Britain, Russia, India and Chile
c) Britain, Russia, Indonesia and China. d) Brazil, Russia, India and China
38. VAT is imposed ---------a) Directly on consumer
b) On final stage of production
c) On first stage of production
d) On all stages between
production and final sale.
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39. Viticulture refers to

a) Preparing honey
b) Preparing wine from grapes.
c) Preparing olive oil
d) Preparing narcotics.
40. DGFT is related to
a) Exports & imports form India
b) Transportation in India.
c) Civil aviation in India
d) Industrialization of the country.
41. Julian Assange is a name known for association with
a) Apple
b) Dell
c) Wikileaks
d) Times magazine
42. Which city has been identified as the hottest ( i.e. first ranking ) outsourcing
destination in the world.
a) Banglore ( India)
b) Dublin ( Ireland)
c) Makati City (The Philippines)
d) Tokyo (Japan)
43. How many capital buffers were recommended by Basel-III?
a) One
b) Two
c) Three
d) Four
44. RIDF is a scheme to be operationalized by
a) State Governments
b) Ministry of Rural development
d) Nationalized Banks
c) NABARD
45. Which Indian Bank recently entered the mortgage loan market in UK?
a) BOB
b) SBI
d) HDFC
c) ICICI
46. OTCEI is __________
a) Atomic submarine of china
b) Economy policy of USA
c) An Indian Share market
d) A Defence research
organisation
47. The cap on FDI in insurance sector presently is
a) 74%
b) 49%
c) 26%
d) 51%
48. The entities identified by PFRDA for floating their pension funds are
a) LIC,SBI & UTI-AMC
b) LIC, SBI & UTI
d) SBI, BOB & UTI
c) SBI, BOB & AXIS Banks
49. Swavalamban is related to
a) RIDF (Rural Infrastructure
b) Health insurance programme
development fund) scheme
launched for rural poor
c) Rural housing scheme.
d) Governments assistance to
NPS (New pension scheme)
50. According to 2001 census, the state with lowest literacy rate is
a) Bihar
b) Rajastan
c) Madhya Pradesh
d) Nagaland
51. The capital conservation buffer recommended by Basel-III as percentage os
RWA (Risk Weighted Assets) is
a) 2%
b) 2.5%
c) 3%
d) 5.0%
52.
The base of Consumer Price Index for Industrial Workers is being shifted from
1982 to ______
a) 1995
b) 1998
d) 2001
c) 2000
Page 119 of 141
THE WINGS 2014

53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
SBLC, MASULIPATNAM
TALLY is a
a) Software for book keeping
b) Software for balancing banks daily

transactions
c) Software for Banks balance

sheets.
Incredible India is
a) A campaign for promoting India
b) A campaign for promoting India as
as a investment destination
a global tourist hot spot
c) A campaign launched for
d) A campaign launched to promote
promoting SBI as a global bank.
India as an exporter.
Contribution is
a) Sales fixed cost
b) Sales/variable cost
c) Sales variable cost
d) Sales/fixed cost.
Which of the following is not a Credit Rating Agency?
b) ICRA
a) CAMELS
c) CRISIL
d) CARE
MCX is a
a) Exchange for gold trading
b) Commodities exchange
d) Metals exchange
c) Forex exchange
ETF stands for
a) Exchange traded fund
b) Electronic traded fund
d) Electronic traded future
c) Exchange traded future
Who is the NSE chairman?
a) Vijay Khelkar
b) S.B.Mathur
c) J.Hari Narayan
One of the focus areas of Bharath Nirmaan programme is
b) Removal of poverty through
a) Construction of rural dwellings
employment assurance
programme
c) Rural & urban upliftment
d) Literacy programme.
programme
Chairman of Federal reserve of USA is
a) Alen Greenspan
b) Ben Bernanke
c) Steve Goldstein
d) Janet L.Yellen
iPhone is the product of
a) Microsoft
b) Samsung
d) Motorola
c) Apple
SAARC University will have its head office in
a) Dhaka ( Bangledesh)
b) New Delhi ( India)
c) Colombo ( Srilanka )
d) Male ( Maldives )
SEZ (Special economic Zone) is a
a) Improvement over EPZ concept
b) Renamed EPZ concept.
c) Old form of EPZ concept.
d) No relation between EPZ and SPZ
concept.
There is a raging controversy regarding introduction of a new tax system as it is
being opposed by some states. What is the tax?
a) Direct tax code
b) Uniform CST (Central sales Tax)
c) GST (Goods and Services Tax)
d) All the above
Page 120 of 141
THE WINGS 2014

66.
67.
68.
69.
70.
71.
72.
73.
74.
75.
SBLC, MASULIPATNAM
Oligopoly refers to
a) Perfect competition
b) Competition between few players
b) A pure form of monopoly
360 degrees feedback is
b) Subordinate appraisal
a) Boss appraisal
c) HR system
Factoring relates to
a) Bill finance
b) Export finance
c) Receivable finance
d) Infrastructure finance
Take out finance is best used for
a) Bill finance
b) Real estate sector
c) Stock broker finance
d) Infrastructure finance
Derivatives derive their value
a) From SWAPs
b) Based on market prices
c) From the underlying security
d) Future tradable proposition.
Call option refers to
a) The right of the investor to buy a
b) The right of the investor to sell a
stock
stock.
d) The right of the investor both to
c) The obligation of the investor to
buy a stock
buy and sell a stock.
Which of the following is an Indian e-commerce firm?
b) Flipkart.com
a) Expedia.com
c) Bestbuy.com
d) Amazon.com
Reverse mortgage loans are introduced by banks
a) At the behest of RBI advice.
b) To help out old age people.
c) Changing population profile.
d) All the above
RBI advised Indian banks to adapt RBS (Risk Based Supervision)
b) To facilitate RFIA.
a) To fall in line with BASEL-II
framework.
c) To quantify risk
IFRS refers to
b) International Financial Reporting
a) International financial
reconstruction system
Standards
c) Internal Financial Regulation and d) Internal Financial reporting system
Supervision.
ANSWERS
1.
11.
21.
31.
41.
51
61
71
b
b
c
c
c
b
d
a
2.
12.
22.
32.
42.
52
62
72
c
c
d
a
a
d
c
b
3.
13.
23.
33.
43.
53
63
73
d
b
a
c
b
a
b
d
4.
14.
24.
34.
44.
54
64
74
a
a
a
a
c
b
a
a
5.
15.
25.
35.
45.
55
65
75
b
a
a
a
b
c
c
b
6.
16.
26.
36.
46.
56
66
a
a
c
c
c
a
b
Page 121 of 141
7.
17.
27.
37.
47.
57
67
d
d
c
d
c
b
a
8.
18.
28.
38.
48.
58
68
d
b
b
d
a
a
c
9.
19.
29.
39.
49.
59
69
b
a
c
b
d
b
d
10.
20.
30.
40.
50.
60
70
c
d
b
a
a
a
c
THE WINGS 2014
SBLC, MASULIPATNAM
GENERAL AWARENESS PERTAINING TO BANKING

1.
2.
3.
4.
5.
6.
7.
8.
9.
CAPART is related with ___

a) Assisting and
b) Computer hardware
Evaluating rural
welfare
programmes
c) Consultanat
d) Controlling pollution in big
Service of
cities.
export
promotion.
Note issuing deptt. of RBI should always possess the minimum gold stock of
worth _________
a) Rs.85
b) Rs. 115 crore
crore
b) Rs. 200
d) None of these.
crore.
Which of the following does not grant any tax rebate ?
a)
National Saving Certificate
b) Indira Vikas Patra
c)
National Saving Scheme
d) Public Provident Fund
Ad hoc Treasury Bill System of meeting budget deficit in india was abolished on
_____
a)
31 March , 1997
b) 31 March , 1996
c)
1 April , 1992
d) 1 April , 1995
SEBI was established in _______
a)
1993
b) 1992
c)
1988
d) 1990
The working of SEBI includes ________
a)
To regulate the dealings of b) To check the foul dealings in
share market.
share market
c)
To control the inside
d) All of these.
trading of shares
The recommendations of the 13th Finance Commission has become / will be
operational during the period
a)
2009-14
b) 2010-15
c)
2011-16
Which statement of the following is true for IMF ?
a)
It is not an agency of UNO b) It can grant Loan to any
country of the world
c)
It can grant loan to state
d) It grants loan only to
Govt. of a country.
member nations.
The Ad hoc Treasury Bill system of meeting budget deficit in India was
replaced by Ways and Means Advances System which has come into force on
_____
a)
March 31, 1997.
b) April 1, 1996.
c)
April 1, 1997.
d) None of these.
Page 122 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
10. Indian economy is __________

a)
Socialistic economy
b) Gandhian economy
c)
Mixed economy
d) Free economy .
11. The most important source of capital formation in india has been ?
a)
House Hold savings
b) Public sector savings
c)
Government revenue surpluses
d) Corporate savings
12. In india , the public sector is most dominant in ?
a) Transport
b) Steel production
b)
d) Organised term lending
Commer
financial institutions.
cial
banking
13. Goas economy is mainly based on ?
a)
Tourism
b) Export of ores.
c)
Agriculture
d) None of these
14. As per Finance Ministers speech while presenting the Union Budget, the
Current Account deficit continues to be high due to excess dependence on
15.
16.
17.
18.
19.
20.
21.
a)
Oil & Coal imports
b) Coal & Gold imports
c)
Gold & Oil imports
d) All the three.
Indias wage policy is based on ?
a)
Cost of living
b) Standard of living
c)
Productivity
d) None of these.
Which of the following is correct regarding the Gross Domestic Savings in
India.
a)
Contribution of the
b) Contribution of
household sector is the
Government sector is
largest.
the largest.
c)
Contribution of the
corporate sector is the
largest.
The modern economy is not characterized by
a)
Capital intensive mode of
b) Development of money
production
economy
c)
Production for market.
d) Self Sufficient village
system.
One of the problems in calculating the national income in India correctly is ?
a)
Under employment.
b) Inflation.
c)
Non monetized consumption. d) Low savings.
The main source of Indias national income is ?
a)
Industry.
b) Agriculture.
c)
Forestry
d) None of these.
Which of the following are the main causes of slow rate of growth of per capita
income in India. ?
a)
High capital output ratio.
b) High rate of growth of
population.
c)
High rate of capital
d) All the above
formation.
Among Indian economists who had done pioneering work on National Income?
a)
P N Dhar
b) Jagdish Bhagwati
c)
V K R V Rao
d) Prof. Shenoi
Page 123 of 141
THE WINGS 2014

22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
SBLC, MASULIPATNAM
Which of the following is not a method of estimating national income ?

a)
Income method
b) Value added method.
c)
Expenditure method
d) Export import method.
In our country , which of the following affects poverty line the most ?
a)
Level of Prices
b) Expenditure method
c)
Export import method.
d) None of these.
The largest revenue in india is obtained from
a)
Sales tax.
b) Direct taxes.
c)
Excise duties.
d) None of these.
DTC is related to
a)
Income Tax
b) Excise duty
c)
Customs duty
d) Service Tax
Which of the following is an advice rendered by RBI to banks to curtail frauds
involving stolen/theft cards?
a)
Introducing additional
b) Introducing photo embossed cards
passwords
c)
Introducing online tracking
d) Introduction of comprehensive chip
mechanism for cards
based cards
Who is Prime Ministers economic advisory council chairman?
a)
Mr.C.Rangarajan
b) Dr.Y.V.Reddy
c)
Mr.Ahluwalia
d) Prof.Amarthya Sen
Stagflation is a characterized by
a)
High growth rate and low
b) High growth rate and high inflation
inflation rate
rate
c)
Low growth rate and low
d) Low growth rate and high inflation
inflation rate
rate
As per specific guidelines of RBI, repayments into loans can be
a)
Through ECS only wherever
b) Either through ECS or through Post
ECS is available
dated cheques as per the choice of
banks at all centers
d) No specific instructions.
c)
Either through ECS or through
Post dated cheques as per the
choice of banks at centers
where ECS is available.
Which is the first state in the country to come out with budget proposal for
agriculture sector?
a)
Gujarat
b) Bihar
c)
West Bengal
d) Andhra Pradesh
WMA (Ways and means advances) is
a)
Banks borrowings from RBI
b) Government borrowings from RBI
c)
Government borrowings from
d) RBIs borrowings from banks
banks
The interest rate charges on WMA outstanding is
a)
Repo rate
b) Reverse Repo Rate
c)
Bank rate
d) Standing Facility Rate
After the recent infusion of capitalization of SBI by Government of India to the
tune of Rs.3,004 Crores, the share holding of Government of India will go up to
a)
62.31%
b) 59.24%
c)
52.35%
d) 55.0%
Page 124 of 141
THE WINGS 2014

34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
SBLC, MASULIPATNAM
CAMELS framework is meant for

a)
Credit appraisal
b) Assessing health of banks
c)
Sovereign credit rating method
d) Trends in global economic
used by credit rating agencies
situations
As per the census of India, which city (with a population of more than 1 million)
tops the list of cities with largest number of slum households?
a)
Mumbai
b) New Delhi
c)
Chennai
d) Visakhapatnam
CDs (Certficate of Deposits) are basically
a)
Short term instruments issued
b) Promissory notes issued by banks
for short term fund raising
by Corporates
c)
Promissory notes issued by
d) All the above
Corporates for short term fund
raising
Minimum public shareholding (MPS) norms of SEBI are applicable to
a)
PSUs alone
b) Non-PSUs only
c)
To both PSUs and Non-PSUs
d) PSBs alone
as well
As per the census of India, which State tops the list of cities with largest number
of slum households?
a)
Andhra Pradesh
b) Bihar
c)
Delhi
d) Maharastra
CAMELS was developed by
a)
IMF
b) World Bank
c)
US Federal reserve
d) European Central Bank
FSLRC (Financial Sector Legislative Reforms Commission) was led by
a)
Mr.C.Rangarajan
b) Justice. B.N. Sri Krishna
c)
Sri Tarapore
d) Mr.Chidambaram
Banks are being asked to populate Aadhaar Numbers along with bank account
numbers for the purpose of
a)
Rapid cheque clearing and ECS b) Replacement of IFSC code for
operations
NEFT/RTGS transactions in the
long run
c)
Identification of government
d) All the above
beneficiaries
IBAN stands for
a)
International Bank Account
b) Indian Banks Association Number
Number
c)
International Bankers
d) International Bankers
Authentication Number
Authentication Norm
A post dated instrument/ debit mandate issued in favour of the creditor by the
debtor in some financial markets like Singapore, Indonesia are popularly called as
a)
PIRO
b) LIRO
c)
TEMPO
d) GIRO
The principal recommendation of FSLRC (Financial Sector Legislative Reforms
Commission) is
a)
One super regulator for entire
b) RBI to be the super regulator for
financial sector
entire financial sector
c)
Stringent law enforcement to
d) Widening the scope of laws for
better controlling financial sector
regulate financial sector
Page 125 of 141
THE WINGS 2014

45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
SBLC, MASULIPATNAM
Report on Currency and Finance is published by

a)
RBI
b) Ministry of Finance, Government of
India
c)
Central Statistical Organization d) International Monetary Fund(IMF)
(CSO)
Who is the present appellate authority of Banking Ombudsman?
a)
Dr.K.C.Chakrabarty, Deputy
b) Dr.Subba Rao, Governor of RBI
Governor of RBI
c)
Sri.Anand Sinha, Deputy
d) Sri.H.R.Khan, Deputy Governor of
Governor of RBI
RBI
NIBM (National Institute for Bank Management) is an autonomous training
institute of
a)
Promoted by Government of
b) IBA
India.
c)
NABARD
d) RBI
Which bank declared 2013-14 as MSME year?
a)
SBI
b) SBH
c)
PNB
d) Andhra Bank
Who is the current World Bank president?
a)
Mr.Jim Yong Kim
b) Mr.Bon Yong Moon
c)
Mr. Ravulfson
d) Mr.Richard Calson
e-filing of income tax returns is mandatory for individuals with annual taxable
income of
a)
Above Rs.5.00 lakhs
b) Above Rs.5.50 lakhs
c)
Above Rs.7.50 lakhs
d) Above Rs.8.00 lakhs
El Nino is
a)
A Korean trading Company
b) A weather pattern in Pacific which
affects monsoon arrival in India
c)
A pattern of movement in Dow
d) Statistical tool for arriving at stock
Jones index of New York stock
price sensitivities
exchange
PMI (Purchasing Managers Index) , an index relating to purchasing orders by
manufacturers company, is published by
a)
HDFC
b) CMIE (Center for monitoring Indian
economy)
c)
HSBC India
d) Ministry of Finance
EMV Compliance is related to
a)
Cross border money transfers
b) Payments systems in India
c)
Debit cards
d) Forex transactions
The Core Sector Industries in India are
a)
5
b) 6
c)
7
d) 8
Which of the following is not Core sector industry in Indian economy?
a)
Gas & Oil production
b) Coal mining
c)
Cement industry
d) Capital goods industry
The minimum capital required for setting up a new bank under RBIs new
licensing norms is
a)
Rs.75 Cr
b) Rs.100 Cr
c)
Rs.250 Cr
d) Rs.500 Cr
Page 126 of 141
THE WINGS 2014

57.
58.
59.
60.
61.
62.
63.
64.
65.
66.
67.
SBLC, MASULIPATNAM
Which of the following is a must for new banks under new licensing norms of
RBI?
a)
The new banks should be stock b) Foreign share holding should not
market listed within 3 years of
exceed 49% within the first 5 years
commencement
c)
th of the branches should be
d) All the above
opened in rural areas.
As per WTO estimates for 2012, India is the _______largest merchandise
exporter and _______largest merchandise importer in the world.
b) 12th and 19th
a)
19th and 12th
rd
th
c)
3 and 7
d) 7th and 3rd
A recent committee appointed by Ministry of Finance suggested that currency
bins occupancy rate should not be more than ____% of Vault Holding Limit(VHL)
so that more shuffling of currency takes place.
a)
10%
b) 25%
c)
50%
d) 75%
Fresh evaluation of every item of expenditure from the very beginning of each
financial year is called ?
a)
Fresh Budgeting
b) Deficit Budgeting
c)
Performance Budgeting
d) Zero-based Budgeting
SBI recently opened its second Branch in China at
a)
Shangai
b) Beijing
c)
Tianjin
d) Shangdu
Mr.Montek Singh Ahluwalia is
a)
Deputy Chairman, Planning
b) Chairman, Planning Commission
Commission
c)
Special Advisor to GOI
d) Cabinet Secretary, Ministry of
Finance
SDRs are part of
a)
Balance of payments
b) Forex Reserves
c)
Current Account deficit
d) Trade deficit
The purpose of allowing banks to introduce Gold Deposit scheme by RBI is
a)
To channelize idle gold with
b) To check unbridled Gold imports
public into productive purposes
c)
As suggested by K U B Rao
d) All the above
committee
The FDI limits in retailing as introduced by Government of India recently are
a)
51% in single brand and 49% in b) 100% in single brand and 49% in
multi brand
multi brand
c)
100% in single brand and 51%
d) 100% in both single and multi
in multi brand
brands
CAD (Current Account Deficit) is always measure as a proportion of
a)
GNP
b) GDP
c)
NNP
d) NDP
The proposed GST (General Sales Tax) is a replacement of
a)
Central Excise duty
b) Value added tax (VAT)
c)
Service tax & other local taxes
d) All the above
Page 127 of 141
THE WINGS 2014

68.
69.
70.
71.
72.
73.
74.
75.
SBLC, MASULIPATNAM
An ad valorem duty is a tax on the basis of

a)
Check the accumulation of
b) Run the machinery of the state
wealth among the rich.
b)
Uplift weaker sections.
d) None of these
Troika is the name for
a)
IMF, World Bank and United
b) IMF, World Bank and European
Nations
Central Bank
c)
IMF, United Nations and
d) IMF, European Union and
European Central Bank
European Central Bank
Which group of firms is facing charges from SEBI for violating various norms of
mobilization of funds from the public?
a)
Aditya Birla Group
b) Vijaya Malya Group
c)
Sahara Group
d) All the above
Recently a sting operation on money laundering activities by some private banks
was conducted in India by
a)
Financial Express
b) Cobra Post
c)
Wikileaks
d) RBI and SEBI jointly
According to recent Banking Ombudsman Report, which type of complaints are
more in number form Banking Sector?
a)
Card related complaints
b) Excess Interest charged related
complaints
c)
SB Account maintenance
d) Cheque collection delay related
related complaints
questions
Visa / Master Card Secure is a
a)
Card to Card transfer
b) A second factor authentication
mechanism
c)
A special Card offered by both
d) A special mechanism between
Visa and Master jointly
Visa and Master to settle their
transactions
Which type of cards are being introduced on a large scale to protect unsers from
skimming and cloning?
a)
Secure Cards
b) Second factor authentication
c)
Chip based Cards
d) All the above
What is the name of the scheme launched under PDS (Public Distribution
Scheme) to benefit poor families with foodgrains availability?
a)
AAY (Antyodaya Anna Yojana) b) Antyodaya Dhanya Yojana (ADY)
scheme
scheme
c)
Rajiv Anna Yojana
d) Rajiv Dhanya Yojana
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THE WINGS 2014
SBLC, MASULIPATNAM
ANSWERS
1
6
11
16
21
26
31
36
41
46
51
56
61
66
71
a
d
a
a
c
b
b
b
c
a
b
d
c
b
b
2
7
12
17
22
27
32
37
42
47
52
57
62
67
72
b
b
b
d
d
a
a
c
a
d
c
d
a
d
a
3
8
13
18
23
28
33
38
43
48
53
58
63
68
73
b
d
b
c
c
d
a
a
d
b
c
a
b
b
b
Page 129 of 141
4
9
14
19
24
29
34
39
44
49
54
59
64
69
74
a
c
d
b
c
a
b
c
a
a
d
b
d
d
c
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
c
c
a
a
a
d
d
b
a
a
d
d
c
c
a
THE WINGS 2014
SBLC, MASULIPATNAM
GENERAL AWARENESS
Prepared by Shri S.Sivajee, Manager (Training)

1.
2.
3.
4.
5.
6.
7.
8.
9.
Benhhazi is a place popular in news recently. In which country is this town

located?
a) Syria
b) Libya
c) England
d) Kenya
Libya is known for its
a) Metals and minerals
b) Coal mines
c) Oil reserves
d) All the above
Bhimsen Joshi who passed away recently is a famous
a) Hindustani vocalist
b) Politician
c) Hindi Writer
d) Economist
Which airliner borrowed substantially from SBI is facing liquidity problems?
a) Air India
b) Jet Airways
c) Kingfisher Airlines
d) Indigo Airlines
MCX stands for
a) Money Commodities Exchange
b) Multiple Commodities Market
c) Multi Commodities Xchange
d) Multi Commodities Exchange of
India
Subir Gokarn is
a) SEBI chief
b) Election Commissioner
c) RBI Deputy Governor
d) Advisor to Ministry of Finance.
White Label ATM (WLA) is an ATM owned by
b) NBFC
a) Banks
c) Owned by non-bank and runs for
d) By many banks together for
banks on fee basis
collective use.
PPP represents
a) A political party in Uttara Pradesh b) An investment concept for
infrastructure projects
c) A new concept in financial
inclusion.
In recent times SENSEX generally became more sensitive to which of the
following factors?
a) FII flows
b) FDI flows
c) Money flow from Mutual Funds
d) Profits announced by companies.
10. Which five countries together are known as PIIGS?

a) 5 East Asian Countries
b) 5 Latin American countries
c) 5 Southern Eurozone nations
d) 5 Central Asian Nations
11. As per recent RBI guidelines which of the following is correct regarding White
Label ATM?
a) Five free transactions per month
b) WLA is hired by one bank.
can be conducted by customers
c) Usage charges are displayed for
d) All the above
the customers
Page 130 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
12. The budget is presented to the parliament on

a) The last day of Feburary.
b) 15th March.
c) The last day of March.
d) Ist April.
13. Who is the chairman of Bank of Baroda?
a) Chanda Kochchar
b) M.D.Mallya
c) Aditya Puri
d) S.S.Mundra
14. Which of the following rates provide direction to interest rates in the country?
a) Bank Rate
b) Prime Lending Rate
c) Repo and Reverse Repo Rates
d) Base Rate
15. If RBI cuts CRR, then
a) Excess Cash will be removed from b) Liquidity will be infused into the
the economy
economy
c) Foreign Inward Remittances will
d) Either (a) or (b)
take place on large scale.
16. What are the main components for fixing base rate by a bank?
a) Cost of Deposits, Operating Costs b) Cost of Deposits, CRR & SLR
and Profit Margin
Costs and Profit Margin
c) Profit Margin , Operating Costs
d) Cost of deposits, Profit Margin ,
and CRR & SLR Costs
Operating Costs and CRR & SLR
Costs
17. Which of the following rates play a key role in RBIs LAF (Liquidity Adjustment
Facility)?
b) Bank Rate
a) Repo and Reverse Repo Rates
c) PLR
d) All the above
18. The income tax in india is a
a) Indirect and Progressive
b) Direct and Proportional
d) Indirect and proportional
c) Direct and Progressive
19. Which of the following is true with respect to Bank rate?
a) A statutory rate in terms of
b) A non-statutory rate used by RBI to
Banking Regulation Act
provide direction to the interest rate
regime
c) A statutory rate in terms of RBI Act d) Bank Rate moves in tune with
Repo and Reverse Repo Rates
20. The state with highest population density in India as per census 2011 is
b) Bihar
a) NCT Delhi
c) Tamilnadu
d) Kerala
21. Fiscal policy is connected with ______
a) Issue of currency.
b) Exports and imports.
d) None of these.
c) Public revenue and expenditure.
22. AMA (Advanced Measurement Approach) is used to calculate
a) Operational risk
b) Credit Risk
c) Market Risk
d) Sovereign risk
23. Capital Conservation Buffer was mentioned in
b) Basel-II
a) Basel-1
c) Basel-III
d) RBI Mid term policy Review.
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THE WINGS 2014
SBLC, MASULIPATNAM
24. Malegaom Committee was set up by RBI for

a) Reviewing LAF
b) Looking into Micro Finance
Institutions regulation issue
c) Review Bank rate concept
d) To look into issues related to
MSME finance.
25. Government Business can be conducted by
a) Public Sector Banks only
b) Public Sector Banks and a few
private sector Banks
c) All public Sector and Private sector d) None of the above
banks
26. Under FRBM (Fiscal responsibility and Budget management) mechanism, the
fiscal deficit to be restricted to
a) 3% of GDP
b) 4.5% of GDP
c) 5% of GDP
d) No such restriction
27. Gross Domestic Savings of India as part of GDP hover in the range of
a) 10-15%
b) 15-18%
c) Around 20%
d) Around 30%
28. Which of the following are called EMV Cards?
b) Signature based cards
a) Magnetic stripe cards
c) Chip based cards
d) All the above
29. At present which bank is leading in setting up of POS machines?
b) Axis Bank
a) ICICI Bank
c) SBI
d) Bank of Baroda
30. A CRR cut is expected to
a) Increase liquidity in the market
b) Boost NIM of banks
c) Increase trends of inflation
d) All the above
31. Which country is the largest consumer of sugar in the world?
a) USA
b) China
c) India
d) Brazil
32. Which of the following is not a direct tax ?
a) Wealth tax
b) Income tax
c) Estate Duty
d) Sales tax.
33. Recently RBI gave banking licenses to which of the following institutions ?
a) IDBI and Bandhan
b) Godrej and videocon
c) Bajaj and Reliance
d) Sundaram and Manapparam
34. HDI (Human Development Index) is a measure of human development used by
a) World Bank
b) IMF (international Monetary fund)
c) G- 7 Nations
d) UNDP of UNO (United Nations
Organization)
35. A decrease in general price level of goods and services in an economy is called
a) Inflation
b) Hyperinflation
c) Deflation
d) Disinflation
36. Broad Money in Indian economy is denoted by
a) M1 money supply
b) M2 money supply
c) M3 money supply
37. The effective literacy rate of India as per census 2011 is
a) 68.34%
b) 74.04%
c) 70.12%
d) 68.25%
Page 132 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
38. The population density of India as per census 2011 is

a) 282
b) 382
c) 252
d) 352
39. The agency to look after the regulation of foreign trade of India is
a) Ministry of commerce
b) EXIM House
c) EXIM Bank
d) DGFT
40. Special Focus Market Scheme (SFMS) & Market Linked Focus Product Scheme
(MLFPS) are part of
a) MODVAT Scheme
b) GST Scheme
c) Foreign Trade Policy for 2009-14
d) Direct Tax Code
41. Insurance for exports from and imports to India is provided by
a) Banks
b) ECGC
b) EXIM Bank
d) All the above
42 Which two organizations are popularly known as Brettenwoods Twins?
a) World Bank & United Nations
b) IMF and UNDP
Development Program (UNDP)
c) IMF and World Bank
d) IMF and International
Reconstructions Fund
43 SDR is a drawing facility available
a) From world Bank to member
b) From IMF to member nations
nations
c) From Exim bank to big Corporate
d) Aid from UNDP
houses in India
44 IMF chairman is
a) Nicolas Sarkozy
b) Alexi Kudrin
c) Robert Zoellick
d) Christine Lagarde
45. The much disgraced former chairman of IMF is
a) Alexi Kudrin
b) Dominique Strauss Khan
c) Rolland Gullick
d) Nicolas Sarkozy
46 The president of World Bank is
a) Nicolas Sarkozy
b) Alexi Kudrin
c) Robert Zoellick
d) Christine Lagarde
47. There is a growing controversy about the deliberate undervaluation of a particular
currency to gain unfair advantage in trade by that nation. Which currency is that?
a) Yuan
b) Yen
c) Rial
d) Euro
48. Chief Executive of IBA (Indian Banks Association) is
a) K.Ramanathan
b) K.Ramakrishnan
c) Sandeep Deshpande
d) Sudip Gokarn
49. Gen X is a deposit product launched by
a) Oriental Bank of commerce
b) SBH
c) Andhra Bank
d) Bank of Baroda
50. There is a growing controversy between Tamilnadu and Kerala regarding which
dam?
a) Periyar Dam
b) Udukki dam
c) Mullaperiyar dam
d) Idukki dam
Page 133 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
ANSWERS
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
b
c
a
c
d
c
c
b
a
c
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
c
a
d
c
b
d
a
c
c
a
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
c
a
c
b
c
a
d
c
a
d
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
c
d
d
d
c
c
b
b
d
c
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
b
c
b
d
b
c
a
b
b
c
NOTES :
10. PIIGS
Portugal, Italy, Ireland, Greece and Spain.
11. WLA Notes

- In a bid to accelerate the growth and wider spread of ATMs,
the Reserve Bank today issued draft guidelines for permitting non-banking entities to
set up, own and operate such money dispensing machines.
Non-bank entities proposing to set up such service will have to have a minimum net
worth of Rs.100 crore, RBI said.
Being non-bank owned ATMs, the guidelines on five free transactions in a month for
using other bank ATMs would not be applicable for transactions effected on the
WLAs. The charges for the transactions should be displayed on the screen before
the customer initiates the transaction
Page 134 of 141
THE WINGS 2014
SBLC, MASULIPATNAM
BUSINESS CORRESPONDENTS & BUSINESS FACILITATORS

1
As per latest instructions, Savings Bank accounts opened by Business

correspondents/CSPs the instruction is
(a)
Biometric machines to be
(b)
Signatures of the account
holders to be scanned and
provided at branches in future.
withdrawls to be allowed at
branches.
(d)
All the above.
(c)
Transactions may be allowed
at branches, based on photo
identification as in the case of
illiterate customers, till
biometric machines are
installed.
The services of Business facilitators to be
(a)
Terminate the existing
(b) Discontinue the engagement of
individual B.Fs on expiry of
fresh individual B.Fs.
their agreements
wef.11.04.2012.
(c)
New entity B.Fs(Corporate &
(d) All the above.
NGOs) may be engaged on
selective basis and existing
entities may be reviewed
based on their contribution and
action taken.
An officer of the link branch will visit the CSPs once a week on fixed time and
day, and will use the visit for
(a)
Monitor the activities at CSP.
(b)
Deposit mobilization,
Collect and check all
Marketing for loans and
applications for opening of new
advances, follow up for
savings account.
recovery of loans/NPAs.
(c)
To meet the villagers to create (d)
All the above.
awareness and to get feed
back.
The Software that has been developed with the various objectives like
maintenance of BC/BF details, their commission details, computation of
commissions payable, MIS and performance control is.
(a)
ChannelManagement Software (b)
SBI connect
(c)
China systems
(d)
B@ncs 24
Outsourcing of certain banking activities through Business Facilitators (BFs)
and Business Correspondents (BCs) has been permitted by which Authority?
(a)
R.B.I
(b)
S.B.I
(c)
S.E.B.I
(d)
I.R.D.A
The objectives of engaging BC/BF
(a)
Greater financial inclusion
(b)
Increasing the out reach of the
banking sector.
(c)
Only (a)
(d)
Both (a) & (b)
Page 135 of 141
THE WINGS 2014

7
10
11
12
13
14
15
16
17
SBLC, MASULIPATNAM
Can BC/BFs source large value deposits / loans

(a)
Yes
(b)
No
(c)
None
(d)
Cant say
FIC (FINANCIAL INCLUSION CENTER) is primarily meant for
(a)
Creating awareness about
(b)
Supporting Business
financial inclusion
Correspondents
(c)
RBI move
(d)
All the above
The security deposit for individual Business Correspondents is
(a)
average turnover of 3 days with (b)
average turnover of 2 days
minimum Rs. 0.50 lacs.
with minimum Rs. 0.50lacs.
(c)
average turnover of 4 days with (d)
average turnover of 5 days
minimum Rs. 0.50 lacs.
with minimum Rs. 0.50 lacs.
The minimum security deposit of Rs.10 lacs to be applicable for Entity BCs
(NGOs, Sec. 25 companies, Societies etc) is
(a)
upto 1000 CSPs.
(b)
upto 2000 CSPs
(c)
upto 3000 CSPs
(d)
upto 4000 CSPs
The maximum amount that can be accepted by a BC/CSP under message
based Cell phone channel of technology provider Eko is
(a)
Rs.20000/(b)
Rs.10000/(c)
Rs.5000/(d)
Rs.15000/The maximum amount that can be accepted in cash for deposit to a
customers account by third party in kiosk banking is
(a)
Rs.20000/(b)
Rs.10000/(c)
Rs.5000/(d)
Rs.15000/Who is the head of the committee on Financial Inclusion?
(a)
V. Khelkar
(b)
Usha Thorat
(c)
C.Rangarajan
(d)
Vepa Kamesam
At what periodicity is commission payable to BC/BF
(a)
Monthly
(b)
Weekly
(c)
Quarterly
(d)
Halfyearly
Which account is to be debited while paying commission to BC/BF?
(a)
Charges fees paid to BC/ BF
(b)
Commission fees paid to
BC/BF
(c)
Interest account
(d)
Suspense account
What is a small value transaction?
(a)
Cash withdrawl/deposit upto
(b)
Rs.10000/Rs.1000/(c)
(d)
Rs.5000/Rs.100/What is the difference between a BC and BF?
(a)
Both are same
(b)
A BF will only source
applications for deposits. A BC
in addition to the activities of
the BF will also carry out small
value transactions cash /
transfer
(c)
A BC in addition to the
(d)
None of the above.
activities of the BF will also
carry out high value
transactions cash / transfer
Page 136 of 141
THE WINGS 2014

18
19
20
21
22
23
24
25
26
27
SBLC, MASULIPATNAM
Whether commission is to be recovered from BC/BF in case of premature

payment of TDR?
(b)
Yes. In case the pre-mature
(a)
payment is before a period of 6
payment is before a period of
months.
1 year.
(d)
(c)
payment is before a period of 3
payment is before a period of
months.
2 years.
What is the minimum period for which a term deposit can be
sourced by a BC/BF?
(a)
3 months
(b)
1 year
(c)
9 months
(d)
6 Months
Whether renewal of TDR is eligible for commission?
(a)
Yes, sourced by any body
(b)
No such provision
(c)
Yes, provided it is originally
(d)
None of the above
sourced by a BC/BF.
What is the rate of commission payable to BC/ BF on SB account?
(a)
Rs.20/- is payable for every
(b)
S.B account
S.B account
(c)
(d)
Rs.5/- is payable for every S.B
S.B account
account
________Committee report is on Rural Credit and Micro Finance and deals
with modalities for appointment of banking correspondents
(a)
Khan committee report
(b)
Narasimham committee
(c)
Rangarajan committee
(d)
None of the above
Can BC accept cash
(a)
Yes, maximum of Rs.20000/(b)
Yes, maximum of Rs.500/- per
per day per customer
day per customer
(c)
Yes, maximum of Rs.10000/(d)
Yes, maximum of Rs.1000/per day per customer
per day per customer
Can an individual/entity affiliated to a political party be engaged as a BC/BF.?
(a)
Yes
(b)
Yes, but with satisfactory
record
(c)
None
(d)
No
Are the BCs required to make investment before commencing
transaction on behalf of the bank?
(a)
Only laptop
(b)
The BCs need to make
investment
in
POS
devices,finger print capturing
machine, receipt printer and
finger print scanner, laptop and
a digital camera.
(c)
None
(d)
Fixed amount of Rs.50000/What is a CSP?
(a)
Customer Sales Point
(b)
Consumer sales point
(c)
Customer sales procedure
(d)
Customer Service Point
Does the BC/BF also required to maintain a complaint register?
(a)
No
(b)
Maintained at the link branch
(c)
Maintained at the R.B.O
(d)
Yes
Page 137 of 141
THE WINGS 2014

28
29
30
1.d
13.c
25.b
SBLC, MASULIPATNAM
Who will obtain insurance of the cash at the BC outlet?

(a)
B.C himself
(b)
Link Branch
(c)
Channel manager
(d)
Regional Business office
Will the BCs/BFs be given any business targets?
(a)
No targets
(b)
Yes, Individual targets given
(d)
Yes, maximum target of
(c)
Yes. The target given to the
Rs.100000/Channel Manager / Channel
Manager Advisor will be
distributed among the
BCs/BFs.
Can the customers who have opened an account with BC Smart
Card / transact through the Branch also
(b)
Yes. The customer has the
(a)
Yes. The customer has the
freedom to use only at CSP.
freedom to use Branch
banking facilities.
(c)
No such facility
(d)
None of the above
ANSWERS
2.d
3.d
4.a
5.a 6.d
7.b 8.b 9.a
14.a 15.a 16.a 17.b 18.a 19.d 20.c 21.b
26.d 27.d 28.a 29.c 30.a
Page 138 of 141
10.a 11.b 12.b

22.a 23.c 24.d

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STATE BANK LEARNING CENTRE

Asst General Manager

STATE BANK LEARNING CENTRE

Shri. D. Syam Prasad

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Shri. R. Prabhakara Rao

Shri. K. Bala Subramanyam

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