Banking and Insurance (Part 33)

(321) Where the foreign banks fail to achieve the lending target for SSI under\r\npriority sector:

 (1) \r\nthey have to deposit the amount of shortfall with NABARD

 (2) they have to deposit the amount\r\nof shortfall with KVIC

 (3) they have to deposit the amount\r\nof shortfall with RBI

 (4) they have to deposit the amount\r\nof shortfall with SIDBI

 (5) none of the above

(322) What is the sub-target for advances to small scale industries by the\r\ncommercial banks for units having investment in plant and machinery above Rs.25\r\nlac ?

 (1) Minimum 40% of Net Bank Credit

 (2) Maximum 40% of net bank credit

 (3) 40% of the SSI advances

 (4) Minimum 40% of SSI advances

 (5) Maximum 40% of SSI advances

(323) Under Know Your Customer guidelines of RBI, for which period the records\r\nare required to be maintained

 (1) 1 years

 (2) 2 years

 (3) 4 years

 (4) 5 years

 (5) 10 years

(324) A month back the dollar-rupee rate was Rs.43.90 per dollar. Now it is\r\nRs.45.10 per dollar. Who among the following is the gainer:

 (1) who exports

 (2) who imports

 (3) who has to make outward\r\nremittance

 (4) who moves for a visit abroad

 (5) none of the above

(325) A bearer cheque is issued by one Mr. Ashok in favour of Aman, but he\r\nforgets to hand over the cheque to Aman. Aman however, picks up the cheque in\r\nhis absence from his table. Whether the negotiation has taken place ?  

  (1) No, endorsement is also needed  

  (2) No, delivery is also needed  

  (3) No, endorsement and delivery both required

  (4) yes, the cheque is drawn in his favour  

  (5) None of the above

(326) A bank can purchase NPA from another bank, if in the books of selling\r\nbank, the account was NPA for ____:  

  (1)  2\r\nyears

  (2) 3 years  

  (3) 4 years

 (4) 5 years  

 (5) 7 years

(327) Under the Nayak Committee recommendations, the quantum of working capital\r\nlimits from the bank is minimum ____ of the projected annual sales:  

 (1) \r\n5%  

 (2) 15%  

 (3) 20%  

 (4) 25%  

 (5) 3%

(328) What is the target (quota) for SC/ST and other backward classes under\r\nPMRY:  

  (1) \r\n40%, 10%

 (2) 30%, 20%  

 (3) 22.5%, 27%

 (4) 27%, 22.5%  

 (5) 20%, 30%

(329) For Term loan the period of limitation is three years from:  

  (1) \r\nDate of documents  

  (2) Date of default  

  (3) Date of sanction  

  (4) Due date of each instalment  

  (5) date of default of each instalment

(330) In the group approach system of lending, the following norms have been\r\nprescribed by RBI relating to ceiling on exposure of banks:  

  (1)  15%\r\nof capital fund for individual borrower

  (2) 40% of capital fund for borrowing group  

  (3) 5% for infrastructure projects  

  (4) 1 and 2 above  

  (5) 1 to 3 above

Answers : (321) 4 (322) 5 (323) 4 (324) 1 (325) 2  (326) 1 (327) 4 (328) 3 (329) 4 (330) 4

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