Promotion Exam Mock Test-7
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1.
If an allegation of fraud is being examined by a bank, the issuance of a detailed Show Cause Notice (SCN) to the Persons, Entities and its Promoters / Whole-time and Executive Directors is required. Such persons should be given a reasonable time to respond to the said SCN. What is the response period?
2.
In case of transfer of stressed loans undertaken as a resolution plan under the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019, the transfer is possible with the approval of signatories to the inter-creditor agreement (ICA) representing ___ percent by value of total outstanding credit facilities (fund based as well as non-fund based) and ___ percent of signatories by number.
3.
RBI's regulatory directions are applicable in respect of a borrower or a guarantor who has committed willful default and if the outstanding amount is Rs.____ and above?
4.
Each bank shall have at its Head Office, a Forged Note Vigilance (FNV) Cell, which shall submit a status report on a ____ basis to RBI, Central Office and to the concerned Issue office of RBI under whose jurisdiction the FNV Cell is functional, within a ____ from the end of the respective period.
5.
Under RBI's willful default guidelines, the evidence of willful default shall be examined by whom?
6.
In which of the following cases is the ceiling of USD 2,50,000 under LRS not applicable, and AD banks may remit higher amounts with RBI permission, subject to prescribed conditions? 1. Going abroad for emigration. 2. Medical treatment abroad. 3. Education abroad.
7.
At present, which banks have been classified by RBI as Domestic Systematically Important Banks?
8.
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 repetition or reoccurrence of non-compliance with operational guidelines (such as CCTV not working, branch cash in currency chest etc.) by currency chests detected by RBI officials, what is the penalty, for each instance of irregularity?
9.
In securitization transactions, the originators are required to sell assets to the special purpose entity (SPE) only on a cash basis and the sale consideration should be received not later than the transfer of the asset to the SPE. What is the maximum gap period between the transfer of the assets and the issuance of securitization notes?
10.
An account where suspicion of fraudulent activity is thrown up by the presence of one or more early warning signal indicators, alerting / triggering deeper investigation from a potential fraud angle and initiating preventive measures by the banks, is known as?
11.
To obtain the value of bank notes that have turned extremely brittle or are badly burnt, charred, or inseparably stuck together and, therefore, cannot withstand normal handling, where should these be presented by tenderers?
12.
In case of Co-Lending Arrangements (CLA) between an NBFC and a Bank, account has become NPA with NBFC. What the time limit during which NBFC should inform the bank about NPA status, so that bank also classifies the account, as NPA?
13.
Which of the following statements related to CRR is correct? (1) RBI allows interest on CRR balance @ current bank rate (2) There is a time lag of one fortnight to maintain CRR balance (3) Banks submit CRR statement on Form-1 for non-scheduled coop banks.
14.
Full Fledged Money Changer (FFMC) licensed by RBI, should commence its operations within which max period from the date of issuance of licence?
15.
Scheduled commercial banks operating in India shall maintain a minimum total capital (MTC) of 9% of total risk weighted assets (RWAs). Tier 1 capital must be at least ___ % of RWAs on an ongoing basis and within the minimum Tier 1 capital and Additional Tier 1 capital can be admitted maximum at ___% of RWAs.
16.
Banks are placed by RBI in different buckets under the framework of Domestic Systematically Important Banks, for the purpose of maintaining additional CET1 capital. At present, the placement of D-SIB, in respective buckets is mentioned correctly, in which cases below? (1) SBI – Bucket 4 (2) HDFC – Bucket 2 (3) ICICI – Bucket 1
17.
What is rate of tax deduction at source in case of Non-Resident Ordinary (NRO) Account?
18.
Bank must implement a system for periodic review of the risk categorization of accounts. What is the periodicity?
19.
Banks are required to maintain a minimum CRR of not less than what percent of the required CRR on all days during the reporting fortnight?
20.
: For a loan for long duration crops, what is time line for the overdue period when account shall be classified as NPA?
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