Promotion Exam Mock Test-2
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1.
Remittances under LRS can be used for purchasing objects of art. For this, compliance of which of the following is required?
2.
Under RBI Master Direction on Facility for Exchange of Notes and Coins, which denomination coins can be accepted by weighment?
3.
The Franchisees appointed by the franchisers (AD Banks) should surrender foreign currency notes, coins and travellers' cheques purchased only to their franchisers within what period?
4.
ADs Category I, ADs Category II and FFMCs may provide facility for reconversion of Indian Rupees to the extent of Rs.____ to foreign tourists (not NRIs) against ATM Receipts based on Valid Passport and VISA, Ticket confirmed for departure within ___ days and Original ATM slip (to be verified with the original debit/credit card).
5.
The live testing of new products or services in a controlled/test regulatory environment for which regulators may (or may not) permit certain regulatory relaxations, for the limited purpose of the testing, is known as?
6.
A bank's exposure with which of the following has a risk weight of 20%? (1) DICGC (2) Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) (3) Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) (4) National Credit Guarantee Trustee Company Ltd. (5) ECGC
7.
As per KYC policy of RBI, a small account can remain operational initially for what period?
8.
Where the number of mutilated notes presented by a person is more than 5 pieces but not exceeding ₹5,000 in value, what is the requirement for the tenderer?
9.
In securitization transactions, the minimum retention requirement (MRR) is primarily designed to ensure that the originators have a continuing stake in the performance of securitized assets so as to ensure that they carry out proper due diligence of loans to be securitized. In the case of residential mortgage-backed securities, what is the MRR for the originator as a percentage of the book value of the loans being securitized, irrespective of the original maturity?
10.
An amount is to be remitted from Non-resident external Rupee Account to account holder's account in UK. What exchange rate shall be used for this?
11.
If the Reserve Bank is of the opinion that there is a substantial increase in the potential systemic risk from specific NBFCs in the Upper Layer, in which category can such NBFC be placed by RBI?
12.
Every bank shall maintain in India by way of cash reserve (CRR), a sum equivalent to such percent of the total of its Net Demand and Time Liabilities (NDTL) in India, in such manner and for such dates, as the Reserve Bank may specify in terms of which of the following? (1) Section 42(1) of the RBI Act, 1934 (2) Section 18 (1) of BR Act, 1949 (3) Section 24 of BR Act 1949
13.
Which of the following statements are correct regarding Liberalized Remittance Scheme (LRS) of RBI? 1. Authorised Dealers may freely allow remittances by resident individuals up to USD 2,50,000 per Calendar Year 2. Remittance can be for any permitted current or capital account transaction or a combination of both. 3. The Scheme is not available to corporates, partnership firms, HUFs, Trusts, etc.
14.
What is minimum and maximum tenor of FDR in case of Non-resident external Rupee Account?
15.
In securitization transactions, the minimum retention requirement (MRR) is primarily designed to ensure that the originators have a continuing stake in the performance of securitized assets so as to ensure that they carry out proper due diligence of loans to be securitized. For underlying loans with original maturity of more than 24 months as well as loans with bullet repayments, what is MRR as a percentage of the book value of the loans being securitized?
16.
If a bank has acquired a loan from another bank, such loans can be transferred on completion of what period from the date on which the loan was taken into the books of the transferor?
17.
For cases of detection of Counterfeit Notes up to how many pieces in a single transaction, a consolidated report in the prescribed format shall be sent by ____ Officer to the police authorities or the Nodal Police Station, along with the suspect Counterfeit Notes, at the end of the month.
18.
Which of the following types of bank notes cease to be legal tender, and the claim on such a note will be rejected? (1) Notes with slogans (2) Notes with political messages (3) Notes with religious messages (4) Notes with scribbling and stains
19.
In the event of delay in reporting currency chest transactions, penal interest at what rate shall be levied by RBI on the amount due from the chest holding bank for the period of delay?
20.
NPA is a financial asset, which has ceased to generate income. The classification as NPA is done as part of which process in a bank?
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