BRAIN STORMING

MOCK TEST 01 furnished to Director, FIU-IND by 15th of the succeeding

month.
( JAN 2023) a) 2 b) 3 c) 5 d) 10
1) As per RBI guidelines, the undrawn portion of cash
7) As per extant guidelines, banks shall not open
credit / overdraft limits sanctioned to the large borrowers Savings Accounts in the name of the following except:
having exposure of Rs. 150 crore and above, irrespective a) Municipal Corporations b) State Housing
of whether unconditionally cancellable or not, shall Boards
attract a credit conversion factor of: c) Panchayat Samitis d) Drainage Boards
a) 20% b) 25% c) 30% d) 40% e) Trust
2) The per transaction limit on Immediate Payment 8) The complaint is made to the Ombudsman within one
Service is Rs. ___ lakh (for all channels except SMS and year after the complainant has received the reply from
IVR). The customer can do transactions using IMPS the bank to the complaint or, where no reply is received,
through two options; (i) Using Beneficiary Account no. within one year and ____ days from the date of the
and IFS Code and (ii) Using Beneficiary Mobile no. and complaint:
MMID: a) 15 b) 21 c) 30 d) 45
a) 3 b) 5 c) 7 d) 10 9) Under COPRA, the Pecuniary Jurisdiction in case of
3) W.e.f. 01.07.2020, if the assesses has not filed income Distt. Forum is up to Rs. ___ lakh:
tax return for the last three consecutive years, TDS @ a) 25 b) 30 c) 40 d) 50
___% will apply on the cumulative cash withdrawn from 10) Banks shall ensure that the Note Sorting machines
are tested for accuracy and consistency on a
all accounts in a bank in a financial year exceeding Rs.1
__________basis and recalibrated, if required.
crore: a) Fortnightly b) Monthly
a) 3 b) 5 c) 6 d) 10 c) Quarterly d) Half yearly
4)RBI had launched IT- based system called 11) To curb rising gold imports, the government hiked
_________for better monitoring of export of goods and customs duty on the yellow metal to ______ cent from
software and facilitating AD banks to report various 10.75 per cent.
a) 11% b) 13% c) 15% d) 18%
returns through a single platform - (a) handling of
12) Currency chest holding banks levy service charges
shipping bills for caution listed exporters; (b) delayed
on cash deposited by non-chest bank branches at the
utilization of advances received for exports; and (c) rate of Rs. _____ per packet plus GST of 100 pieces and
exports outstanding: in case of the large modern Currency Chests at the rate
a) Export Data Process and Monitor System of Rs.____ per packet plus GST of 100 pieces.
b) Export Data Processing and Maintenance System a) 3 ; 5 b) 3 ; 8 c) 5 ; 8 d) 5 ; 10
c) Export Data Processing and Monitoring System 13) Pradhan Mantri Kusum Yojna was launched the
d) None scheme on Economic Affairs. In this, ‘Kusum’ stands for:
5) Under Inter-Bank Participations with Risk Sharing, the a) Kisan Urja Suraksha and Uthan Mahabhiyan
primary objective of the Participations is to provide b) Krishak Urja Suraksha and Uthan Mahabhiyan
some degree of flexibility in the credit portfolio of banks c) Kisan Urja Suraksha and Unnati Mahabhiyan
and to smoothen the working of consortium d) Kisan Urja Security and Uthan Manthan
arrangements. The minimum period of such Participation 14) The Chief Compliance Officer shall not be given any
will be ____ days, while the maximum period will be ____ responsibility which brings elements of conflict of
interest, especially any role relating to business.
days. Banks shall participate only in respect of
a) Double hatting b) Dual hatting
advances/portfolio consisting of investment grade c) Multiple hatting d) None
borrowers i.e. rated BBB and above. The aggregate 15) Government has launched a World Bank supported
amount of such Participations in any account should not Central Sector Scheme called RAMP. The scheme aims
exceed ____ per cent of the out standings in the account at strengthening institutions and governance at the
at the time of issue. Centre and State, improving Centre-State linkages and
a) 91, 180, 40 b) 91, 182, 40 partnerships and improving access of MSMEs to market
and credit, technology upgradation and addressing
c) 91, 180, 60 d) 91, 180, 90 issues of delayed payments and greening of MSMEs. Full
6) With respect to Cross Border Wire Transfer Reporting form of RAMP is ____________:
(CBWTR), every reporting entity is required to maintain a) Raising and Accelerating MSME Performance
the record of all transactions including the record of all b) Raising and Accelerating Micro enterprises Performance
cross border wire transfers of more than Rs.____ lacs or c) Rating and Accelerating MSME Performance
its equivalent in foreign currency, where either the origin d) Re-engineering and Accelerating MSME Performance
or destination of the fund is in India. Bank shall ensure
that the information of all such transactions shall be
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 BRAIN STORMING
16) PM Narendra Modi has unveiled India’s first b) 8:00 am and 7:00 p.m.
Passenger Drone named: c) 8:00 a.m. and 8:00 p.m.
a) Varuna b) Dhanush c) Tejas d) Garudha d) None of the above
24) Under Credit Guarantee Fund for Micro Units
17) Under PMEGP - second dose, the maximum cost of
(CGFMU), guarantee cover is available for loans upto
the project for up gradation of existing
Rs.5 lakh - ___% of the amount in default subject to a
PMEGP/MUDRA/REGP units for margin money subsidy
under manufacturing sector should be Rs. ____ and maximum of Rs. 4.25 lakh, above Rs.5 lakh & upto Rs.50
lakh, ____% of the amount in default subject to a
under Business/Service sector is Rs. _____ Lakh.
a) 50 lakh ; 25.00 Lakh b) 1 crore ; 25.00 Lakh maximum of Rs. 37.50 lakh, above Rs.50 lakh & upto
Rs.200 lakh, ____% of the amount in default subject to a
b) 1 crore ; 50 Lakh d) 1.5 crore ; 50 Lakh
maximum of 150 lakh.
18) Who has been appointed as the president of
a) 70%, 60%, 60% b) 75%, 65%, 65%
Financial Action Task Force (FATF)?
a) T. Raja Kumar b) Manoj Kumar c) 80%, 70%, 70% d) 85%, 75%, 75%
25) RBI has issued the Master directions on interest
c) R. Gandhi d) None of the above rates on deposits for scheduled commercial banks and
19) Currency chest holding banks levy service charges co-operative banks incorporating all the amendments
on cash deposited by non-chest bank branches at the made in recent past. The Overnight Alternative
rate of _____ per packet of 100pieces and in case of the Reference Rate for the respective currency / Swap rates
large modern Currency Chests at the rate of ______ per quoted / displayed by Financial Benchmarks India Pvt.
packet of 100 pieces. Ltd. (FBIL) shall be used as the reference for arriving at
a) Rs.2/- plus GST and Rs.5/- plus GST respectively the interest rates on ______ deposits.
b) Rs.5/- plus GST a) FCNR(B) b) NRE c) NRO d) RFC
c) Rs.5/- plus GST and Rs.8/- plus GST respectively 26) Which state has introduced the first digital Lok
d) Rs.3/- plus GST and Rs.5/- plus GST respectively Adalat in the country?
20) Keeping in view the increasing liquidity needs of the a) West Bengal b) Delhi
Micro, Small and Medium Enterprises (MSMEs) that often c) Rajasthan d) Odisha
face financial crunch, RBI has raised the limit of National
27) The Union Cabinet has approved to restore Interest
Automated Clearing House (NACH) from Rs. 1 crore to
Subvention on short term agriculture loans at_____% for
Rs. ______ crore for settlements related to the Trade
all financial institutions for the financial year 2022-23 to
Receivables Discounting System (TReDS) platform. This
2024-25 for lending short term agri - loans up to Rs 3
will strengthen the infrastructure for the financing of
receivables - invoice discounting mechanism-related lakh to the farmers.
a) 2.00% b) 1.50% c) 1.00% d) 2.0%
settlements.
28) Currency chest holding banks levy service charges
a) 2 b) 3 c) 5 d) 10
on cash deposited by non-chest bank branches at the
21) RBI has decided to temporarily increase the limit
rate of Rs. _____ per packet plus GST of 100 pieces and
under the automatic route from US$ ____ million or its
in case of the large modern Currency Chests at the rate
equivalent per financial year to US$ 1.5 billion. The all-in
of Rs.____ per packet plus GST of 100 pieces.
cost ceiling under the ECB framework is also being
3;5 b) 3 ; 8 c) 5 ; 8 d) 5 ; 10
raised by 100 basis points, subject to the borrower being
of investment grade rating. Accordingly, the all in cost 29) RBI has provided the glide path for the existing ARCs
ceiling for new foreign currency denominated ECBs has to achieve the minimum required Net Owned Funds
been temporarily raised to Benchmark rate + ____ bps criteria. As per the guidelines, ARC from the current
from the existing rate of Benchmark rate + 500 bps. The minimum NOF of Rs. 100 crore has to glide to Rs. _____
above dispensations are available up to December 31, by March 31, 2024 and further to Rs. ____ crore by March
2022. 31, 2026.
a) 750 ; 600 b) 750 ; 1000 a) 150 ; 200 b) 200 ; 250 c) 200 ; 300 d) 250 ; 500
c) 750 ; 1500 d) 1000 ; 1500 30) Central Board of Indirect Taxes and Custom (CBIC)
22) Under PMEGP scheme, the maximum subsidy for up has upped the threshold for launching prosecution and
gradation of existing units will be _______ (Rs.20.00 arrest to _______ in case of duty evasion.
Lakhs in case of NE States & Hilly areas) for a) Rs.1.00 cr b) Rs.50.00 Lakh
manufacturing sector and Rs.3.75 Lakhs (Rs.5.00 Lakhs c) Rs.2.00 cr d) Rs.5.00 cr
in case of NE States & Hilly areas) for Business/service
sector.
a) Rs.7.5 Lakh b) Rs.10.00 Lakh
c) Rs.15.00 Lakh d) Rs.20.00 Lakh
23) As per the RBI guidelines on responsibilities of
Regulated Entities employing recovery agents, it should
be ensured by Banks that, the agents should not call the
borrower before_____ am and after ______ pm for
recovery of dues.
a) 7:00 a.m. and 7:00 p.m.

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