Promotion Exam Mock Test-8
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1.
Which type of residents/entities are allowed remittance under Liberalised Remittance Scheme, (1) corporates, (2) partnership firms, (3) HUF, (4) Trusts, (5) individuals (6) minors?
2.
For the purpose of regulatory retail portfolio, the aggregate exposure to one counterpart should not exceed ___ per cent of the overall regulatory retail portfolio.
3.
As per RBI regulatory guidelines, a Large Defaulter is a defaulter with an outstanding amount of ____and above?
4.
Banks are required to make use of Note Sorting Machines (NSMs) for sorting of notes of high denomination notes and for authenticity, received over the counter. For this purpose, what is the value of denomination?
5.
In the case of Small PPIs (or Minimum-detail PPIs), the total amount loaded during the financial year shall not exceed Rs. _____?
6.
Which type of pre-paid payment instruments (PPIs) are issued by an entity for facilitating the purchase of goods and services from that entity only and do not permit cash withdrawal? Further, these instruments cannot be used for payment or settlement for third-party services.
7.
As per Reserve Bank of India (Interest Rate on Deposits) Directions, 2016, in the case of Regional Rural Banks and Local Area Banks, the term bulk deposit means a single Rupee term deposit of Rupees _____ and above?
8.
A person who does not have an account-based relationship with the Regulated Entity (RE) but undertakes transactions with the RE is called?
9.
Scheduled commercial banks operating in India shall maintain a minimum total capital (MTC) plus Capital Conservation Buffer at ___% of RWAs.
10.
As per Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016, every NBFC-D shall invest and continue to invest in India, in unencumbered approved securities valued at the price not exceeding the current market price of such securities an amount which shall, at the close of business on any day, not be less than ___% of the “public deposit”?
11.
Within overall limit of LRS, a resident individual can allow loan in rupees to NRI/PIO relative. What is minimum maturity of such loan?
12.
Every bank is required to have a Fraud Risk Management Policy. It shall be reviewed by the Board within what period?
13.
For a loan guaranteed by Central Government which of the following normal NPA rule is applicable 1) Income recognition, 2) classification as NPA 3) Provisioning
14.
Which of the following specific measures against willful defaulters are allowed as per RBI guidelines? (1) Lenders shall, wherever warranted, initiate legal action against borrowers/guarantors for foreclosure/recovery of dues expeditiously; (2) Lenders can publish photographs of persons classified and declared as willful defaulter as per a non-discriminatory board-approved policy.
15.
Premature withdrawal of FCNR (B) deposits when takes place before the completion of what period, no interest shall be paid?
16.
If an applicant has to make remittances for capital account transactions under LRS, he should have maintained the bank account with the bank for what minimum period?
17.
Data on Counterfeit Notes detected by all branches and currency chests shall be compiled and reported to the Issue Office of RBI on monthly basis, by ____ of the following month.
18.
The early warning signal indicators identified for monitoring credit facilities / loan accounts and other banking transactions shall be approved by the Risk Management Committee of the Board. For examination of EWS alerts / triggers, what turnaround time can be prescribed by the RMCB?
19.
As per the policy on KYC Updation/Periodic Updation, the bank shall adopt a risk-based approach, requiring updation of KYC, at least once every ____ years, for medium-risk. Fill in the blanks?
20.
As per Minimum Standards for a Currency Chest guidelines of RBI, a large currency chest means a CC having an area of the strong room/ vault of at least ___ sq. ft.
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