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 Bank Promotion Exam Practice Questions
Q1. As per Companies Act 2013 is a step in that direction
mandating companies to spend a minimum of 2% of their net
profit on developmental activities. As per provisions of
Section 135, a company with (Choose the wrong one)
(a) Company turnover of Rs.1000 crores or more
(b) Company net worth of Rs.500 crores or more
(c) Company Net Profit should be more than Rs 5 Cr
(d) Company Gross Profit should be more than Rs 25 Cr
Ans: (d)
Q2. What is Merchant Discount Rate (MDR) For Physical
POS powered by VISA and MasterCard for Small Merchants
(Turnover upto Rs.20 Lakhs during the previous FY).
(a) Not exceeding 0.40% + GST (MDR cap of Rs.200/- per
month)
(b) Not exceeding 0.50% + GST (MDR cap of Rs.200/- per
month)
(c) Not exceeding 0.60% + GST (MDR cap of Rs.200/- per
month)
(d) Not exceeding 0.90% + GST (MDR cap of Rs.200/- per
month)
Ans: (a)
Q3. What is Merchant Discount Rate (MDR) For QR Code
powered by VISA and MasterCard For Other Merchants
(Turnover above Rs.20 Lakhs during the previous FY)
(a) Not exceeding 0.80% + GST (MDR cap of Rs.1000/- per
transaction)
(b) Not exceeding 0.50% + GST (MDR cap of Rs.1000/- per
txn)
(c) Not exceeding 0.70% + GST (MDR cap of Rs.1200/- per
txn)
(d) Not exceeding 0.80% + GST (MDR cap of Rs.1500/- per
transaction)
Ans: (a)
Q5. Merchant shall obtain photo ID proof, Address proof,
Contact details and Xerox copy of International Cards (both
sides) for transactions above___________.
(a) Rs. 2,00,000/-
(b) Rs. 1.00,000/-
(c) Rs 10,000/-
(d) Rs 50,000/-
Ans: (d)
Q6. If the merchant transactions are disputed as fraud and
such fraud to sales ratio is more than _____for a given period,
transactions amount will not be released till completion of
_______ from the date of settlement.
(a) 20%,12 months
(b) 20%,20 months
(c) 25%,30 months
(d) 25%,24 months
Ans: (c)
Q7. An NBFC-MFI is defined as a non-deposit taking NBFC
(other than a company licensed under Section 25 of the Indian
Companies Act, 1956) that fulfils the following conditions-
Which of the condition is incorrect?
(a) Minimum Net Owned Funds of Rs.5 crore.
(b) For NBFC-MFIs registered in the North Eastern Region of
the country, the minimum NOF requirement shall stand at
Rs. 2 crore
(c) Not less than 75% of its net assets are in the nature of
“qualifying assets".
(d) Not less than 85% of its net assets are in the nature of
“qualifying assets”
Ans: (d)

Q4. Cash @ pos facility is an debit card holders minimum

amount of withdrawal will be Rs.100/- and thereafter in
multiples of Rs.100/- subject to maximum of ________ per debit
card in Tier I & II Cities and _________ in other centres.
(a) 500/ per day, 1000 per day
(b) Rs 1000/- per day, Rs.2000/-per day
(c) Rs 1500/- per day, Rs.2000/-per day
(d) Rs 1000/- per day, Rs.1500/-per day
Ans: (b)

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Q8. As Per Merchant Enrollment Policy- any transaction is Q14. In Internet Banking after ……… wrong attempts User id
called " High value" in respect of merchant categories like will automatically get locked
Jewelers& travel agents if the amount of a single transaction (a) 3
or total amount of more than one transaction done using a (b) 4
single card is_____________. (c) 5
(a) Rs.3.00 Lakhs or more per day per merchant (d) 6
(b) Rs.2.00 Lakhs or more per day per merchant Ans: (a)
(c) Rs.1.00 Lakhs or more per day per merchant
(d) Rs.5.00 Lakhs or more per day per merchant Q15. Maximum Validity Period for FAST TAG
Ans: (a) (a) Maximum 5 years
(b) Maximum 2 years
Q9. The transaction limits for Merchants and Customers (c) Maximum 3 years
transacting under BHIM Aadhaar PoS_____________. (d) Maximum 1 years
(a) Minimum Rs 500/- , Maximum Rs 10,000/- Ans: (c)
(b) Minimum Rs 10/- , Maximum Rs 10,000/-
(c) Minimum Rs 1000/- , Maximum Rs 10,0000/- Q16. Maximum Validity Period of Prepaid Classic & Prepaid
(d) Minimum Rs 100/- , Maximum Rs 10,000/- Plus is 3 years, what is the Maximum Validity Period for Gift
Ans: (b) Card_____.
(a) Maximum: 5 year
Q10. When any merchant is classified as Verified Merchant in (b) Maximum: 2year
UPI____________. (c) Maximum: 3 year
(a) Annual turnover (including group level) of Rs.25.00 crore (d) Maximum: 1year
and above. Ans: (c)
(b) Annual turnover (including group level) of Rs.50.00 crore
and above. Q17. The maximum value of prepaid instruments issued to
(c) Annual turnover (including group level) of Rs.70.00 crore a customer shall not exceed
and above (a) Rs 1,00,000/-
(b) Rs 5,00,000/-
(d) Annual turnover (including group level) of Rs.10.00 crore
(c) Rs 2,00,000/-
and above
(d) Rs 3,00,000/-
Ans: (b)
Ans: (c)
Q11. Under user hibernation in Internet banking user-id will
Q18. Prepaid Gift card having Maximum value Rs. 10,000/-
be locked after a period of ……. months, if the user has not
which is not reloadable. Alerts shall be sent to the Prepaid
logged-in for continuously from the time of last log-in.
Instrument (PPI) holder ________ prior to expiry of validity
(a) 6 months
period of the PPI through SMS/ E-mail/ post.
(b) 12 months
(a) 45 days
(c) 3 months
(b) 30 days
(d) 1 month
(c) 60 days
Ans: (a) (d) 90 days
Ans: (a)
Q12. Fund transfer limit for IMPS transactions through
Internet Banking shall be ……………per day. Q19. Prepaid Gift card Maximum value of each such
(a) Rs 5,00,000/- payment instrument shall not exceed Rs……
(b) Rs 1,00,000/- (a) Rs 10,000
(c) Rs 3,00,000/- (b) Rs 25,000
(d) Rs 2,00,000/- (c) Rs 5000/-
Ans: (a) (d) Rs 2,00,000
Ans: (a)
Q13. Internet Banking login Password should be of ______,
with a mix of minimum one uppercase, one lowercase, one Q20. How much charge shall be levied on expired prepaid
numeric and one special character. instrument
(a) minimum 8 to maximum 12 characters (a) Service charge @ Rs.300/- per year + applicable GST
(b) minimum 8 to maximum 16 characters (b) Service charge @ Rs.100/- per month + applicable GST
(c) minimum 6 to maximum 12 characters (c) Service charge @ Rs.200/- per month + applicable GST
(d) minimum 8 to maximum 20 characters (d) Service charge @ Rs.50/- per month + applicable GST
Ans: (a) Ans: (b)

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Q21. Bank is presently offering Rs……..- to the employees who Q27. E- donations through ATMs what is the minimum _____&
pass the NISM certificate exam, as per incentive scheme for maximum of ____.
capacity building. (a) Rs. 100, Rs. 50,000
(a) Rs 6000/- (b) Rs. 500, Rs. 20,000
(b) Rs 5000/- (c) Rs. 100, Rs. 10,000
(c) Rs 7000/- (d) Rs. 500, Rs. 15,000
(d) Rs 15,000 Ans: (a)
Ans: (a)
Q28. Cassettes in the ATM can be configured for any
denominations from Rs …./- to Rs ……/-
Q22. For Non credit items Powers of the DGM Head R.O in
(a) Rs 500/- to Rs 2000/-
case of WRITE OFF_______ and WRITE BACK is_____________.
(b) Rs 100/- to Rs 2000/-
(a) Rs. 25000/, Rs. 50000/ (c) Rs 50/- to Rs 2000/-
(b) Rs. 30,000/, Rs. 50,000/ (d) Rs 10/- to Rs 2000/-
(c) Rs. 50000/, Rs. 25000/ Ans: (d)
(d) Rs.25000/, Rs. 60,000/
Ans: (a) Q29. CASH RECYCLERS has a capacity of holding
upto___currency notes and will accept upto a maximum of ____
Q23. Preservation of records which is defined under Section currency notes in one go.
45 Y of BR ACT, the Records to be preserved for __from the (a) 17300, 300
date of transaction between the bank and the client as per (b) 17500, 500
Prevention of Money Laundering (Amendment) Act, 2009. (c) 17700, 250
(a) at least 3 years (d) 17900, 600
(b) at least 7 years Ans: (a)
(c) at least 10 years
(d) at least 5 years Q30. Whenever cash level in the ATM goes_______, an
Ans: (d) automated SMS/E-mail will be generated and sent across to
Branch-incharge / CRA executive.
(a) below Rs 2.00 lakh
Q24. Records to be Preserved which relate to disputes or
(b) below Rs 3.00 lakh
litigations in the Court of Law for
(c) below Rs 1.00 lakh
(a) 10 years after the disputes are over (d) below Rs 0.50 lakh
(b) 12 years after the disputes are over Ans: (c)
(c) 20 years after the disputes are over
(d) 15 years after the disputes are over Q31. If free limit transactions from other Bank ATMs/CRs in
Ans: (c) a calendar months are exceeded what are the Charges for
(Financial)..…….and for (Non-Financial)…….
Q25. The GCCO (Group Chief Compliance Officer ) shall have (a) Rs 21/- & Rs 10/-
an overall experience of at least …… years in the banking or (b) Rs 21/- & Rs 5/-
financial services, out of which minimum 5 years shall be in (c) Rs 20/- & Rs 10/-
the Audit / Finance / Compliance / Legal / Risk Management (d) Rs 20 /- & Rs 5/-
functions Ans: (a)
(a) 10 years and 5 years
(b) 15 years and 7 years
(c) 20 years and 10 years
(d) 15 years & 5 years
Ans: (d)

Q26. ATMs installed in a radius of ___from branch premises

shall be treated as deemed on-site ATM.
(a) 100 meters
(b) 500 meters
(c) 300 meters
(d) 1000 meters
Ans: (b)

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Q32. Free transactions from other Bank ATMs/CRs ……. Q38. Under arbitration for ATM/BNA/Recyclers Cash
transactions in Metro centers and ….. transactions in non- Transactions, Processing fee for referring the claim to PRD is
metro centers in a calendar month. Rs. …….with applicable GST.
(a) 3 & 5 (a) Rs 4500/-
(b) 4 & 6 (b) Rs 1000/-
(c) 5 & 3 (c) Rs 5000/-
(d) 3 & 6 (d) Rs 6000/-
Ans: (a) Ans: (a)

Q33. Cash withdrawal in our ATMs/CDs (Fin/Non-Fin), free

Q39. For Enrolling a New Merchants (like Flipkart, IRCTC)
transactions for our card holders, …… free transactions for
for Direct Integration with Debit Card / Internet Banking/
Senior citizens…….. free transaction & for staff…….. free
Mobile Banking/ UPI facility/ e-challan proposed Merchant
transactions WEF 1.1.22.
should be in the Market for at least …… years having a net
(a) 6 , 8, 10
worth of at least Rs……. Crore.
(b) 4, 6, 8
(a) 3 years and 5 Crore
(c) 5, 7, 10
(d) 6, 8 12 (b) 1 year and 25 Crore
Ans: (a) (c) 3 year and 25 Crore
(d) 1 year and 5 Crore
Q34. IMPS through ATM funds can be transferred upto Ans: (a)
Rs…….per day subject to a maximum of Rs ……./- per month.
(a) Rs 50,000/- & Rs 3,00,000/- Q40. For Enrolling a New Payment Aggregator for providing
(b) Rs 50,000/- & Rs 2,50,000/- Payment Gateway Services , the proposed Payment
(c) Rs 100,000/- & Rs 2,50,000/- Aggregator should be in the market for at least …… year having
(d) Rs 100,000/- & Rs 3,00,000/- a net worth of at least Rs…… Crore.
Ans: (b) (a) 1 year and Rs 5 crore
(b) 3 year and Rs 5 crore
Q35. ATMs which are more than _____can be taken up for (c) 1 Year and Rs 25 crore
replacement. (d) 3 years and Rs 25 crore
(a) 7 years old Ans: (c)
(b) 5 years old
(c) 10 years old Q41. GOI had directed Banks to draw a Financial Inclusion
(d) 12 years old Plan to map each district into Sub-Service Area (SSA) catering
Ans: (a)
______in such a manner that every habitation has access to
Banking Services within ________.
Q36. Under GROUP PERSONAL ACCIDENT INSURANCE
(a) 1000-1500 households,15 KMs
POLICY of EMPLOYEES- what is the Sum Assured for death To
(b) 1000-2500 households,10 KMs
scale 2?
(c) 1000-1500 households,5 KMs
(a) 6.5 lakhs
(d) 500-1500 households,10 KMs
(b) 6 lakhs
(c) 10.5 lakhs Ans: (c)
(d) 8.5 lakhs
Ans: (d) Q42. Overdraft facility to PMJDY accounts holders up to a limit
of Rs.10000/- per customer subject to complying the
Q37. Branches to load cash in ATM on daily basis and update stipulated conditions and OD up to a limit of Rs………../-
the physical cash details in ……. CBS option without any conditions for persons in the age group of_______.
(a) BAX03 (a) Rs 5000/- &18-60 years
(b) BAX05 (b) Rs 2000/- & 18-60 years
(c) BAX 02 (c) Rs 5000/- & 18-65 years
(d) BAX 01 (d) Rs 2000/- & 18-65 years
Ans: (a) Ans: (d)

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Q43. Bank Mitra shall operate from the fixed location in the Q49. In BHIM UPI , application shall auto logout in case of
allocated SSA villages at least for _______in a day and thereafter inactivity of the user for more than ….. Seconds.
he has to move around villages. (a) 60 seconds
(a) 6 hours (b) 30 seconds
(b) 2 hours (c) 90 seconds
(c) 4 hours (d) 45 seconds
(d) 3 hours Ans: (d)
Ans: (c)
Q50. Bank shall suspend the registration of BHIM UPI
Q44. Who has been nominated for effective MIS enrichment application of any user if the facility has not been accessed by
at Circle Level, for Circles with Business 10000 Cr and above? the user for consecutive …….. days or more.
(a) DM to be nominated (a) 180
(b) DGM to be nominated (b) 150
(c) AGM to be nominated (c) 90
(d) SM to be nominated (d) 120
Ans: (c) Ans: (a)

Q45. As Per EMPLOYEES’ GRIEVANCE(S) REDRESSAL POLICY, Q51. In BHIM-UPI Upper ceiling per user/day/ shall be
HRM Section shall acknowledge the grievance(s) ______for funds transfer and Limits for IPO/specified
immediately, in any case within _____of receipt of such Merchants is Rs ………..per txn per day.
grievance(s). (a) Rs 500,000/- & Rs 3,00,000/-
(a) 7 working days (b) Rs 500,000/- & Rs 100,000/-
(b) 6 working days (c) Rs 100,000/- & Rs 3,00,000/-
(c) 5 working days (d) Rs 1,00,000/- & Rs 5,00,000/-
(d) 3 working days Ans: (d)
Ans: (b)
Q52. Branches should submit the Micro finance progress
report on a _______quarterly basis as on 30th June,30th
Q46. In Mobile banking daily limit for fund transfer with
September,31st December and 31st March of each year to the
Canara Bank is Rs. ………..For fund transfer through IMPS, the
respective RO/CO before 10th of the succeeding month.
upper ceiling per day per customer is ………….
(a) PSR 61
(a) Rs 5,00,000/- & Rs 5,00,000/-
(b) PSR 76
(b) Rs 1,00,000/- & Rs 1,00,000/-
(c) PSR 83
(c) Rs 5,00,000/- & Rs 1,00,000/-
(d) PSR 85
(d) Rs 1,00,000/- & Rs 5,00,000/-
Ans: (b)
Ans: (a)
Q53. In case of SHG bank linkage programme, credit rating has
Q47. The user session shall expire in case of inactivity from
to be done for assessment of SHG's while extending credit. The
user for more than …… seconds in Mobile banking app.
minimum score to qualify for credit linkage is__________.
(a) 90
(a) 50%
(b) 120
(b) 60%
(c) 180
(c) 70%
(d) 150
(d) 65.60%
Ans: (a)
Ans: (c)

Q48. With effect from 01.07.2017 onwards, S/C is applicable Q54. In case of MFI s loans with exposure above Rs _____
on IMPS transactions above Rs……….. crores, ECAI to be obtained.
(a) Rs 5000 (a) 25 crore
(b) Rs 10000 (b) 10 crore
(c) Rs 25000 (c) 5 crore
(d) Rs 15000 (d) 15 crore
Ans: (a) Ans: (a)

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Q55. For sanction limit above ______to SHG/JLG, 2 CIR of all the Q61. NBFC MFIs having asset size of _____are to submit Asset
office bearers alone shall be drawn. Liability Management.
(a) Rs. 6 lakh (a) Rs. 200.00 Crore and above
(b) Rs. 9lakh (b) Rs. 100.00 Crore and above
(c) Rs. 7lakh (c) Rs. 500.00 Crore and above
(d) Rs. 10 lakh (d) Rs. 1000.00 Crore and above
Ans: (d) Ans: (b)

Q56. The maximum loan that can be permitted to the Micro Q62. Panchayath Level Federation (PLF), SHGs which are
Crdit Groups-MCG is restricted to______ in urban areas and _______and have passed the first credit rating are eligible to
_______- in rural areas and semi urban areas. become members of PLF.
(a) 2 lakh, 4 lakh (a) 3 months old
(b) 2 lakh, 6 lakh (b) 9 months old
(c) 2 lakh, 5 lakh (c) 6 months old
(d) 2.5 lakh, 5 lakh (d) 12 months old
Ans: (d) Ans: (c)

Q57. While advancing to SHGs Margin and collateral shall not Q63. Maximum Credit Limit under PLF not to exceed _____ per
be insisted for loan amount up to SHG . PLF Loan to individual member of the SHG not to exceed
(a) Rs. 20 Lakhs Rs ______.
(b) Rs. 10 Lakhs (a) 50,000 & 50.00 lakhs
(c) Rs. 5 Lakhs (b) 1,00,000/ 30.00 lakhs
(d) Rs. 7.5 Lakhs (c) 50.00 lakhs, 50,000/
Ans: (a) (d) 5 0 lakhs, 5 lakhs
Ans: (c)
Q58. The Micro Credit Groups is an informal group of 3-10
members, The minimum and maximum number of members Q64. Use of loans for augmenting livelihoods of SHG members
in a group is restricted to______ in urban areas and_______in -If loans are above Rs.4 lacs, which of the following is
rural and Semi urban areas. correct.
(a) 5 TO 10, 3 TO 5 (a) 50 % should be income generation activity only
(b) 3 TO 5, 5 TO 10 (b) 75% should be income generation activity only
(c) 1 TO5, 1 TO 10 (c) 85 % should be income generation activity only
(d) 1 TO 5, 5 TO 10 (d) 65% should be income generation activity only.
Ans: (b) Ans: (b)

Q59. JLG is an informal group comprising of _____individuals, Q65. Insurance cover for cash in transit____________.
How much incentives given by NABARD for promotion of JLGs (a) Rs. 5 crores
______. (b) Rs. 7.5 Crores
(a) 2-5, Rs 1000/ (c) Rs. 10 Crores
(b) 2-10,Rs.10000/ (d) Rs. 15 Crores
(c) 4-10 , Rs.4000/ Ans: (c)
(d) 2-10,Rs.5000/
Ans: (c)

Q60. In case of Term Loan, sanctioned to SHG, Which of the

following is correct.
(a) 1st year - 6 times corpus – minimum Rs.2 lac which ever
higher
(b) 2nd year – 8 times corpus – minimum Rs.4 lac which ever
higher
(c) 3rd Year – minimum Rs.5 lac – Micro Credit Planprepared
by the SHGs and appraised by the Federations/ Support
agency and the previous credit History.
(d) 4th year – Above Rs.6 lac – Micro Credit Plan prepared by
the SHGs
Ans: (d)

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Q66. Atleast one Armed Guard must be available for Cash Q73. Branch Heads in Scale 3 & above are empowered to
Remittance of __________. accord permission to break open the lockers where rental
(a) Rs. 10 lacs to Rs. 50 lacs arrears are pending for more than ….. years.
(b) Rs. 20 lakhs TO Rs. 50 lacs (a) 5 years
(c) Rs. 10 lakhs TO Rs. 20 lacs (b) 3 years
(d) Rs. 20 lakhs TO Rs. 40 lacs
(c) 2 years
Ans: (b)
(d) 7 years
Q67. Bank shall report the proposals involving transactions of Ans: (b)
Rs…… lacs and above to CBI‚ in respect of rent (per month),
quantum of rental deposit. Q74. Safe deposit locker balancing to be done on every …………
(a) 50 lacs (a) Monthly
(b) 25 lacs (b) Quarterly
(c) 100 lacs (c) Half yearly
(d) 300 lacs (d) Yearly
Ans: (b) Ans: (c)

Q68. Lease for Office / Branch premises is fixed for a Q75. As per Safe deposit locker policy entry and exit points of
minimum period of ….. years with reasonable rental increase
the strong room and the common areas of operation shall be
after the initial period of …….. years
(a) 10 years and 5 years covered under CCTV camera & Branches shall preserve its
(b) 20 years and 5 years recording for a period of not less than ……. Days.
(c) 5 years and 5 years (a) 30 days
(d) 10 years and 10 years (b) 60 days
Ans: (a) (c) 90 days
(d) 180 days
Q69. No new cabins shall be provided for Officers/ Executives Ans: (d)
upto Scale IV working in Administrative Offices/ Units. Half
height cubicles not exceeding ……. sft shall be provided to Q76. At least …….. % of the total number of branches (banking
Executives in Scale 4 outlet) opened during the financial year must be opened in
(a) 80 sft
Unbanked Rural tier …………… Centers.
(b) 70 sft
(a) 25 % & Tier 5 and Tier 6
(c) 90 sft
(d) 100 sft (b) 25 % & Tier 4 and Tier 5
Ans: (a) (c) 20 % & Tier 5 and Tier 6
(d) 10 % & Tier 4 & Tier 6
Q70. Monetary limit for handsets for Branch In charge Rs Ans: (a)
………………
(a) Rs 7000 Q77. Tier 5 population ………………as per 2011 Census
(b) Rs 8000 (a) 10000 to 19,999
(c) Rs 9000 (b) 5000 to 9,999
(d) Rs 6000 (c) 20000 to 49,999
Ans: (b)
(d) Less than 500
Ans: (b)
Q71. What is the Maximum carpet area stipulated for opening
a New & Existing Rural branch ……….
(a) Upto 1500 Sq feet Q78. A Banking Outlet is a fixed point service delivery unit,
(b) Upto 1700 Sq feet manned by either bank’s staff or its Business Correspondent
(c) Upto 1900 Sq feet where services of acceptance of deposits, encashment of
(d) Upto 2200 Sq feet cheques / cash withdrawal or lending of money are provided
Ans: (a) for a minimum of ……. hours per day for at least ……. days a
week.
Q72. SDL agreement number NF………… (a) 3 Hours and 6 days
(a) NF 114 (b) 4 Hours and 6 days
(b) NF 285
(c) 3 Hours and 5 days
(c) NF 280
(d) 4 Hours and 5 days
(d) NF 283
Ans: (b) Ans: (d)

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Q79. Out of the following which is the first Pillar of IBC 2016? Q86. Which among the following is not an Adjucating
(a) Insolvency Professionals’ (IP) authority under IBC 2016 ?
(b) Information Utilities (IU) (a) NCLT
(c) NCLT (b) DRT
(d) The Insolvency and Bankruptcy Board of India’ (IBBI) (c) Supreme Court
(e) DRT (d) High Court
Ans: (a) Ans: (d)

Q80. What is period of Resolution plan & its Implementation

Q87. In Case of Liquidation of the Company and payment will
including extension period in Fast Track mode?
be settled under Water fall mechanism who will get the first
(a) 270 days +45 days
priority
(b) 180 days +90 days
(c) 270 days + 90 days (a) Insolvency resolution process costs & liquidation cost
(d) 90 days + 45 days (b) Unsecured Creditors
Ans: (d) (c) Dues to employees other than workmen
(d) Due to Preferential shares
Q81. Which among the following will not be treated as Ans: (a)
Operation Creditors ?
(a) Due towards Employees & Workmen Q88. In case of Individual or Partnership firm Cases , who will
(b) Financial Creditors be the Adjucating Authority ?
(c) Providers of goods and services (a) NCLT
(d) Government dues (b) NCLAT
Ans: (b) (c) High Court
(d) DRT
Q82. CIR process under the IBC 2016 can be triggered in the Ans: (d)
event a Corporate Person commits a default of Rs.
………………or more in respect of a debt”. Q89. The IRP shall after collation of all the claims, constitute
(a) 1 CRORE
a Committee of Financial Creditors (COC) This committee has
(b) 10 LACSs
to necessarily comprise of Financial creditors only, no
(c) 10 CRORE
operational creditors. However, where there are no financial
(d) 5C RORE
Ans: (a) Creditors, ……… largest Operational Creditors by value shall
constitute such committee of financial creditors.
Q83. NCLT has to admit the application under IBC 2016 for (a) 18
CIRP process initiation ? (b) 12
(a) 07 Days (c) 25
(b) 10 Days (d) 23
(c) 30 Days Ans: (a)
(d) 14 Days
(e) 90 Days Q90. Pre-packaged insolvency resolution process mean
Ans: (d) Insolvency Resolution Process of Corporate Debtors classified
as MSMEs with minimum default of Rs…….lacs. Central
Q84. What is waterfall mechanism in IBC 2016 ? Government specified such minimum amount of default of
(a) Priority for Payment in case of CIRP higher value, which shall not be more than Rs……. Crore.
(b) Priority for Payment in case of Liquidation of Company (a) 10 lacs and 1 crore
(c) Payment given to RP professional for services (b) 10 lacs and 100 crore
(d) Priority of payments for operational Creditors
(c) 1 crore and 50 crore
Ans: (b)
(d) 1 crore and 100 crore
Ans: (a)
Q85. Application under IBC 2016 attracts a fee of Rs
……………….for Financial Creditor (FC) and …………….for
Operational Creditor. Q91. DAY – NRLM scheme launched by ____
(a) Rs 25000/- & Rs 3000/- (a) Ministry of Rural Development , GOI
(b) Rs 10000/- & Rs 2000/- (b) Ministry of Finance Development, GOI
(c) Rs 10000/- & Rs 1000/- (c) Ministry of Municipal Development, GOI
(d) Rs 25000 & Rs 2000 /- (d) Ministry of Mahila Development, GOI
Ans: (d) Ans: (a)

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Q92. As per the DAY – NRLM scheme guideliens, Women SHGs (a) Other than NE/UT Central - 60% : State – 40%
in _____Areas are only eligible (b) Other than NE/UT Central - 40% : State – 60%
(a) Rural Areas (c) NE – Central 90% : State 10%
(b) Semi Urban Areas (d) UT : 100% Central
(c) Urban Areas Ans: (b)
(d) All the above Areas
Ans: (a) Q98. As per the DAY – NRLM scheme guidelines, Which of the
following repayment condition is not correct?
Q93. As per the DAY – NRLM scheme guidelines, women group (a) 1st Dose to be paid- 2 to 3 years (monthly/Qtrly)
members max ___members (b) 2nd Dose to be paid- 3 to 4 years (monthly/Qtrly)
(a) 5 to 10 members (c) 3rd Dose to be paid- 4 to 5 years (monthly/Qtrly)
(d) 4th Dose to be paid- 5 to 6 years in (monthly/Qtrly)
(b) 10 to 15 members
Ans: (d)
(c) 15 to 20 members
(d) 10 to 20 members
Q99. As per the DAY – NRLM scheme guidelines, OD facility of
Ans: (d)
Rs ___is available for all verified woman SHG members having
PMJDY accounts.
Q94. As per the DAY – NRLM scheme guidelines, Which of the
(a) Rs. 5,000
following will not come under ‘panchasutra’? (b) Rs. 10,000
(a) Regular meetings (c) Rs. 15,000
(b) Regular savings, (d) Rs. 20,000
(c) Regular internal lending Ans: (a)
(d) Regular recoveries and
(e) Maintenance of premises & Accounts Q100. As per the DAY – NRLM scheme guidelines, Interest
Ans: (e) subvention is applicable for SHG loan amount up to Rs. ____
(a) Rs. 1 Lakh
Q95. As per the DAY – NRLM scheme guidelines, collateral (b) Rs. 2 Lakhs
security not to be insisted for the loans up to____? (c) Rs. 3 Lakhs
(a) Rs. 5 Lakhs (d) Rs. 4 Lakhs
(b) Rs. 10 Lakhs (e) Rs. 5 Lakhs
(c) Rs. 15 Lakhs Ans: (e)
(d) Rs. 20 Lakhs
(e) Rs. 50 Lakhs
Ans: (d)

Q96. As per the DAY – NRLM scheme guidelines, Which of the

following target is not correct ?
(a) 50% on this Loans to SC/ST,
(b) 15% Minorities,
(c) 3% Disabled persons
(d) 30% for WOMEN
Ans: (d)

Q97. As per the DAY – NRLM scheme guidelines, Which of the

following funding pattern is not correct ?

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