Promotion Exam Mock Test-1
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1.
The non-fund exposure are converted to funded exposure by applying Credit conversion factor (CCF). In which of the following, the CCF is correctly mentioned? (1) Standby LC 100% (2) Performance bond 50% (3) Trade letter of credit 30%
2.
Standalone Primary Dealers (SPDs) are allowed to borrow from the call/notice market, on average in a ‘reporting fortnight’, up to what percent of their NOF as at the end of March of the preceding financial year?
3.
What is the lock-in period (i.e., pre-mature payment), from the date of its acceptance, in the case of public deposits accepted by a non-banking financial company?
4.
As per Master Direction on Framework of Incentives for “Currency Distribution & Exchange Scheme (CDES)” for bank branches including currency chests, additional incentive for distribution of coins, in rural and semi-urban area is Rs.___ per bag.
5.
A term loan instalment is payable by 30th September and it is not paid at day-end on Sept 30. What shall be classification of this account on Sept 30?
6.
As per RBI's Master Direction on the Scheme of Penalties for bank branches and currency chests for deficiency in rendering customer service to members of public, for shortages of notes in soiled note remittances and shortages of notes and coins in currency chest balances what is the penalty for notes in denomination of Rs.100 and above per piece, in addition to the loss?
7.
All term deposits accepted from individuals (held singly or jointly) should have a premature-withdrawal facility, where the amount is Rupees _____.
8.
Under Marginal Cost based Lending Rate (MCLR), the negative carry on the mandatory CRR, which arises due to the return on CRR balances being nil, will be calculated using which formula?
9.
Which of the following are part of 6 Officially Valid Document (OVD), as per Govt. notification? 1) passport, 2) PAN, 3) driving licence, 4) letter issued by National Population Register containing name and address details.
10.
1 Given here are statements regarding Liberalized Remittance Scheme (LRS) of RBI 1. LRS was introduced on 4 February 2004. 2. The Scheme is available to all individuals. 3. The Scheme is available for minors. 4. If the remitter is a minor, Form A2 must be countersigned by the minor's natural guardian.
11.
In India, the legal framework on Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) is contained in which of the following?
12.
A bank’s investments in the capital instruments issued by banking, financial and insurance entities should not exceed ___ % of its capital funds?
13.
Any balances held by a bank with the RBI under the Standing Deposit Facility qualifies to be taken into account for which of the following?
14.
When a banknote tendered at the counter of a bank branch / back office and currency chest is found to be counterfeit, an acknowledgement receipt in the prescribed format must be issued to the tenderer, after stamping the note as COUNTERFEIT. The receipt, in running serial number, shall be authenticated by whom?
15.
In case of an account opened by using V-CIP infrastructure, the video recordings should contain the live GPS coordinates of the customer undertaking the V-CIP and date-time stamp. These GPS coordinates are known as?
16.
The transferor bank can transfer loans only after a minimum holding period (MHP) of ____ in case of loans with tenor of above 2 years, which is counted from the date of registration of the underlying security interest with ______?
17.
A Non-resident external Rupee Account is allowed as a joint F/S account with close resident relative. Close resident relative, for this purpose should be one, which is defined under which Section of which Act?
18.
What is the maximum value of each prepaid gift instrument?
19.
As per RBI's NBFC-P2P directions, the exposure of a single lender to the same borrower, across all P2Ps, shall not exceed ___.
20.
What is the minimum amount of deposit into / withdrawal from currency. And thereafter, what is the multiples?
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