Bank Promotion Study

Bank Promotion Study (BPS) provides bank staff all the online study material for JAIIB Exam, CAIIB Exam and for promotion exam to various cadre in bank from officer scale 1 to scale 5 in various PSBs, private banks and RRBs including interview tips.

Multiple Choice Questions (MCQ-2)


MULTIPLE CHOICE QUESTIONS FOR PROMOTION EXAMS (MCQ 2)


1) EASE is based on……..action points.
A) 61
B) 62
C) 63
D) 64
E) 65

2) CERSAI has been set up under which Act.
A) SARFAESI-act
B) CGTMSE act
C) Transfer property act
D) Registration act
E) CERSAI Act


3) Bullion Dealers are categorized in as per KYC guidelines.
A) High RISK
B) Medium RISK
C) Low RISK
D) Moderate RISK
E) None of the above

4) Maximum project cost for Business (Service Sector) Under PMEGP scheme.
A) Rs.20 lakh
B) Rs.15 lakh
C) Rs.10 lakh
D) Rs.18 lakh
E) Rs.50 lakh

5) CRR is defined under.
A) Section 31 of RBI Act
B) Section of 35 of RBI Act
C) Section 42 (1) RBI Act
D) Section of 35 of BR Act
E) None of the above

6) Cash payment of Rs.20,000 and above in case of FDR is restricted under which Act.
A) IT act – u/s 269 T
B) IT act – u/s 296 T
C) RBI act – u/s 269 T
D) BRA act – u/s 269 T
E) There is no such restriction

7) Protection to Paying Bank in case of material alteration.
A) NI act U/s 98
B) NI act U/s 89
C) NI act U/s 198
D) NI act U/s 133
E) NI act U/s 138

8) Regulatory authority of Mutual Funds.
A) SEBI
B) RBI
C) IRDA
D) FICCI
E) MFAI


9) Bank rate is.
A) RBI grants loans to Government
B) Banks receives interest on their CRR deposit
C) RBI lends money to other banks or financial institutions
D) Banks extend loans at this rate to their prime customers
E) None

10) SWIFT is.
A) It is remittance package created by RBI
B) This is unique gate way provide to NRIs
C) It is a platform to remit money from overseas
D) Society for Worldwide Interbank Financial Telecommunication
E) None of the above

11) START-UP INDIA.
A) Started by Government of India with Initial corpus 2500 Cr.
B) Total corpus of 10000 Cr for 4 years
C) Promoting bank financing for start-up ventures to boost entrepreneurship and encourage startups with jobs creation
D) All the above
E) None of the above

12) Cash kept in currency chest is owned by.
A) Currency chest branch
B) SBI
C) RBI
D) Respective state government
E) Respective Bank

13) Stand by Letter of credit (L/C) is like a ………….
A) Bank guarantee
B) LC issued by PSB
C) Letter of comfort
D) Red clause LC
E) Revolving LC

14) Minimum amount can be remitted through RTGS is.
A) No cap
B) 50000
C) 2 lakh
D) 1 lakh
E) 5 lakh

15) In CTS, Image Replace Document (IRD) means.
A) An authenticated copy of a cheque
B) Cheque sent for collection
C) Truncated cheque
D) Cheque received for collection
E) None of the above

16) What is present rate of interest RBI pays on CRR balance.
A) Bank rate
B) 4%
C) NO interest
D) Repo
E) 3.50%

17) CRR is maintained on ………...
A) NDTL (net demand & time liabilities)
B) Gross loans & advance
C) Gross deposit
D) CASA deposit
E) Incremental Deposit

18) Under Agri Clinic scheme the maximum loan limit for individual is.
A) 20 lac
B) 10 lac
C) 30 lac
D) 50 lac
E) 25 lac

19) Unspent foreign currency can be retained up to.
A) 6 months
B) 3 months
C) 9 months
D) 12 months
E) 24 months

20) DSCR is.
A) Debt service coverage ratio
B) Debt service current ratio
C) Debt support coverage ratio
D) Debenture service coverage ratio
E) None of the above

21) Current ratio is 4:1, NWC Rs.60000. find the amount of Current asset.
A) 20000
B) 80000
C) 48000
D) 12000
E) 40000

22) Banking is defined in.
A) BR Act 5 (b)
B) BR Act 5 (n)
C) RBI 5 (n)
D) RBI 5 (b)
E) KYC-AML Act

23) Break Even Point (BEP).
A) Point of No profit No loss
B) Point where Company starts witnessing loss
C) Threshold limit of company fixed by ROC at time of registration
D) Point of sales where all the variable cost of the unit is recovered
E) None of the above

24) Under Special Crossing, protection to bank is available under Section.
A) 125 of NI act
B) 128 of NI act
C) 124 of NI act
D) 126 of NI act
E) 135 of NI act

25) Who is regulator of Export & Imports?
A) DGFT (Director General of foreign trade)
B) DGEI (director General of Export & Imports)
C) Director General EXIM
D) Dy Governor of RBI
E) None

26) What is noting?
A) Dishonored B/E noted from notary
B) Noting on the back of cheque by drawer
C) Certificate issued by Notary public
D) Anything noted down on back of cheque
E) None

27) Current account operated by finance director dies. Status of the cheque signed by him.
A) Can be paid
B) Return with note – drawer diseased
C) Can be paid subject to ratification by members
D) Can be paid if cheque is presented within one month of demise
E) None

28) Banker customer relationship in standing instruction.
A) Agent: principal
B) Debtor: creditor
C) Lessor: lessee
D) Bailer: Bailee
E) Principal: Agent

29) Abbreviation for UCPDC.
A) Uniform customs & practices for documentary credit
B) Uniform codes& practices for documentary credit
C) Uniform customs & procedures for documentary credit
D) Uniform customs & practices for domestic credit
E) Uniform practices for documentary credit

30) FCNR (B) deposit.
A) CASA deposit
B) Only term deposit
C) Time & demand deposit
D) High cost deposit
E) Only in Current Deposit

31) Under RTI person seeking information must provide.
A) Reason to get the information
B) Reason is not required to mention
C) Written request in stamp paper
D) Service charge to the institution
E) Application to be routed through advocate

32) BCSBI newsletter is known as.
A) Service matters
B) Customer Matters
C) Consumer is king
D) BCSBI darshan
E) No such newsletter

33) Protection to the Paying Bank in case of alteration in a cheque is available under.
A) Sec 85 of NI act
B) Sec 89 of NI act
C) Sec 90 of NI act
D) Sec 98 of NI act
E) No protection is available

34) Under RE-KYC the Period of KYC updating in case of high Risk customers.
A) 2 years
B) 8 years
C) 10 years
D) 3 years
E) No fix period

35) Agency which purchases NPA from banks is called.
A) Asset recovery company
B) Asset reconstruction Company
C) NPARC- NPA recovery cos.
D) Asset rehabilitation company
E) None

36) What is shishu?
A) This is first category under MUDRA scheme where up to 50000/ loan limit can be financed
B) This is loan product designed by our bank for minors
C) Online portal for student to open ZERO balance account
D) Deposit account up to Rs.50000
E) None

37) Maximum deposit in PPF in a financial year.
A) Rs.500000
B) Rs.100000
C) Rs.150000
D) Rs. 50000
E) Rs.250000

38) When a farmer in addition to agriculture is engaged in rearing of farm stock it is called.
A) Mixed farming
B) Allied farming
C) Livestock farming
D) Join farming
E) Integrated Farming

39) Maximum period of FCNR (B) deposit.
A) 3 years
B) 5 years
C) 2 years
D) 10 years
E) 7 years

40) What type of charge is created on LIC policy?
A) Lien
B) Pledge
C) Assignment
D) Simple mortgage
E) Hypothecation

41) Target for Weaker section loan are ___ % of ANBC.
A) 10
B) 5
C) 15
D) 12
E) 7

42) Final date for implementation of Basel III in India?
A) 01.01.2019
B) 31.03.2019
C) 31.03.2018
D) 01.01.2018
E) 31.03.2020

43) Safe custody of Articles is covered under which Act.
A) Indian Contract Act
B) India safety act
C) Transfer property act
D) NI act
E) BR Act

44) Pari-passu charge is.
A) Fixed charge
B) Floating charge
C) Charge due to GOVT dues
D) Charge on current assets
E) Charge in favor of many creditors on equal footing


45) Expand MUDRA bank.
A) Micro units’ development & reconstruction account
B) Major units’ development & Refinance Agency
C) Micro Units Development and Refinance Agency
D) Managing units for development and reconstruction Agency
E) Micro Units Refinance Agency

46) CGTSME has been set up by.
A) Govt. of India
B) SIDBI
C) RBI
D) SBI
E) A & B jointly


47) If Garnishee Order is received without description of amount,
A) Full amount to be attached
B) Ask clarification immediately from court regarding amount
C) Issue a notice to customer about the order & amount if any notice is received by him
D) Account not be attached till clarity about the amount
E) None

48) Minimum deposit to open BSBDA account is.
A) Nil
B) 100
C) 500
D) 50
E) 250

49) NPCI has developed the following infrastructure to suit all banks requirement which is not correct?
A) Unified payment system (UPI)
B) Indian money Payment services (IMPS)
C) National Automated clearing house (NACH)
D) Bharat Bill Payment System (BBPS)
E) None of the above

50) Maximum amount of claim that can be filed in Lok Adalat.
A) 20 lakh
B) 10 lakh
C) 05 lakh
D) 12 lakh
E) Any amount

ANSWERS:
Question.
1
2
3
4
5
6
7
8
9
10
Answer.
B
A
A
 C
C
A
B
A
C
D
Question.
11
12
13
14
15
16
17
18
19
20
Answer.
C
A
C
A
C
A
A
A
A
Question.
21
22
23
24
25
26
27
28
29
30
Answer.
 B
A
A
C
A
A
A
A
A
B
Question.
31
32
33
34
35
36
37
38
39
40
Answer.
 B
B
 A
B
A
C
B
C
Question.
41
42
43
44
45
46
47
48
49
50
Answer.
 A
B
A
E
 C
 E
 A
A
 A
A






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