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RBI Has put certain restrictions on loans and

advances by banks.
1 • to advances "against the security of True
2 bank's own shares, True
• advances to Bank's Directors or to any
3 entity in which any of its directors is False
interested.
• Advances against FDRs
4 Which of the following is not tool under
selective credit control?
a) By making the borrowing more costly for True
certain purposes
b) by imposing stringent conditions on True
lending True
c) by giving concessions for certain desired
types of activities.
5 LTV Ratio in Gold Loan to be maintained is 90%
_________
6 Maximum amount of the gold loan that can As per bank
be sanction is ________ board approved
policy
7 Margin Amount for Education loans upto Rs Nil
4 Lacs ______
8 Margin Amount for Education loans above 15%
Rs 4 Lacs study abroad is ______
9 Is it mandatory parent/ guardian to be co- Yes
borrower in case of education loan?
10 Repayment or holiday period in case of Course period +
education loan ____ 1 Year or 6
months after
getting job

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whichever is
earlier
11 Period of completion of studies in case of 2 years
education loan can be extended up to
______ years
12 If LTV ratio for Housing loan is ≤ 80 then 35
RWA will be _____
13 If LTV ratio for Housing loan is > 80 and ≤ 90 50
then RWA will be _____
14 Primary security in case of Housing loan is House itself
_____
15 Consideration and actual possession are Essential for
essential in case of holder or holder in due holder in due
course? course
16 Can holder complete an inchoate Yes
instrument?
17 If a bill is drawn payable to the drawer's False
order in a fictitious name, the acceptor is
relieved from liability to any holder in due
course, provided endorsement and the
drawer's signatures are in the same
handwriting (Sec. 42)
18 Endorsement is defined under section Section 15
______ of NI Act
19 Cheque and bill of exchange can only be False P/N can
endorsed also be
endorsed
20 Can a minor endorse or draw an Yes but minor
instrument? will not be
liable.
21 Which endorsement waives the condition Facultative
of notice of dishonour? endorsement

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22 Pay to Mr. A when he marries' – Is the bank No

to abide by this type of conditional
endorsement?
23 Pay Raghu or order without recourse to me. Sans recourse
This is what type of endorsement? endorsement
24 In a cheque amounting Rs 10,000. It is Partial
endorsed to PAY A an amount of Rs 7,000 endorsement,
and PAY B an amount of Rs 3,000. Which no it will not be
type of endorsement is this? And is this a applicable
valid endorsement?
25 Account payee crossing is covered under Outcome of
_____ act custom and
usage
26 Where amount in figures and words differ, words
the one in _____ will prevail (Section 18) and
be paid.
27 If amount in words only written it will be Inchoate
_________ and not paid. instrument
section 20
28 If cheque drawn in different ink, language, Will be paid
scripts and handwritings such cheques will
be paid or not if otherwise in order?
29 Cheque bearing impossible date like 30th of 28th Feb
Feb. when it will be paid?
30 How many number of times stale cheque Any number of
can be re-validated? times
31. Payment in due course is defined under Sec 10 of NI act
_____ NI act
32. Endorsement in bearer cheque is valid? Once a bearer
always a bearer

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33 For crossed cheque protection for paying Payment in due

bank is available u/s 128 of NI act if ____ course
34 u/s 138 of NI act payee or holder in due 30 days, 15 days
course should give notice to drawer within
____ days of return of cheque with the
reason 'insufficient balance and demanding
payment within _____ days of his receiving
information of dishonour.
35 u/s 138 of NI act SUMMARY PROCEEDINGS: up to Rs 5,000
Fine is ______ or
imprisonment
up to 1 year or
both
36 u/s 138 of NI act Regular PROCEEDINGS: Punishment is
Fine is ______ fine up to
DOUBLE the
amount of
cheque or
imprisonment
up to 2 years or
both
37 if nothing mentioned on cheque being order Order
or bearer it will be considered payable to
_______ cheque (order/ bearer)
38 if both words order and bearer are Bearer
mentioned, and none is deleted it will be
considered payable to bearer
39 ________ is the process of stopping the flow Truncation
of the physical cheque issued by a drawer
40 Paying banker's liability is to ensure the 85(1), 85 A as
regularity of endorsement and is not per NI act

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concerned with genuineness of

endorsement as per section _____ in case of
cheque and section _____ in case of draft
41 The genuineness of endorsement is the Collecting bank
liability of _____ banker. (collecting/ paying)
42 Under _______, each item of debit forms a Rule in Clayton’s
separate loan and each credit as a case
repayment of the earliest debits in case of
CC/ OD.
43 Medium Term loans are ranging in a period 2-7 years
of _______
44 Which of the following a non-fund based Co-acceptance
facility? 1. Term Loan 2. CC Limit 3. Co-
acceptance 4. Discounting of Bills
45 Under contract of indemnity, the promisor is Indemnifier,
called ______ and promise is called ______ indemnity
holder
46 The promisee is entitled to recover from All damages,
the promisor/ indemnifier, in respect of the costs and sums
matter to which the promise to indemnify
applies
47 DRT is applicable in case of debt / claims Rs 20 Lacs and
outstanding amounting to ________ above
48 DRT is headed by _____ and DRAT is headed Presiding officer
by ________ and chairperson
49 PO in DRT is appointed by central govt for 4 years or max
_______ upto the age of
70 whichever is
earlier

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50 Chairperson in DRT is appointed by central 4 years or max

govt for _______ upto the age of
70 whichever is
earlier
51 Qualification to be PO in DRT is: High court, 3
• Is qualified to be judge of ______ court and 3
or
• is a member of Indian Legal Services and
has a post in GRADE 1 of that services for
at least ____ years or
• has held office as PRO of a tribunal for at
least ___ years
52 Complaint application for DRT shall be Registrar, 4
presented to the ______ in the prescribed copies
form in _____ copies in book form
53 Under DRT an appeal against the order of 15 days,
the Registrar shall be made within ____ days Presiding officer
to the _________.
54 The proceedings of the DRTs are conducted English or Hindi
in ______
55 DRT will issues summons after accepting the 30 Days, 30
application within ______ days to all the Days`
defendants to show cause within _______
days
56 DRT is expected to dispose of the application 2 hearings or
with in ______ 180 days
57 APPEAL AGAINST THE ORDER OF DRT can be 30 Days
made to DRAT within _____ days of the
order

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58 FOR FILING THE APPEAL BEFORE DRAT 50%, 25%

DEFENDANT WILL HAVE TO DEPOSIT with
the Appellate Tribunal _____% of the
amount of decreed debt or as determined by
the Tribunal which can be reduced to
______%
59 Cases up to _____ are referred to Lok 20 Lakhs
Adalats
60 Accounts which have been settled by Lok 1 to 3 years
Adalat should be adjusted within ________
61 Loans which are not eligible under Rs 1 Lakh, 20%
SARFAESI Act
• Loan with outstanding balance up to Rs
_______
• Where the amount due is less than
_____% of the principal and interest.
62 Loan secured by pledge, lien and by security No it is not
of deposits is covered under SARFAESI or eligible
not?
63 Bank after giving _____ days demand 60 days demand
notice, in writing, can take the possession notice u/s 13(2)
of the assets. of SARFAESI act
64 In case of SARFAESI upon receiving demand 15 days
notice If the borrower makes an objection,
the bank to give the reply within _____
days.
65 Borrower aggrieved by the possession debt recovery
notice under SARFAESI can also make an Tribunal, 45
application to _______, within a period of days
_____ days

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66 For Sale under SARFAESI the publication is 2 (one local and

to be made in _____ newspapers. other national)
67 Under SARFAESI Bank will give minimum 30 days
______ day notice before selling the assets.
68 Under SARFAESI sale is confirmed by Bank 25%, 15 days
on receipt of _____% amount immediately
and balance in _____ days.
69 ARCs to maintain the capital adequacy of 15% of RWAs
______% of total RWAs.
70 ______% FDI is allowed in asset 100% FDI
reconstruction company. allowed
71 PSBs will maintain ______% ownership in 51%
NARCL (National Asset reconstruction
Limited)
72 A bad bank is a financial entity set up to Non-performing
buy __________, from banks. assets
73 Transactions under the CERSAI are to be No time limit
registered under ______ days.
74 Section ______ of SARFAESI Act provides Section 26E
that after the registration of security
interest, the debts due to any secured
creditor shall be paid in priority over all
other debts and all revenues, taxes, cesses
and other rates payable to the Central
Government or State Government or local
authority.
75 CERSAI: A extends loan to C, by creating a Since security
security interest on a Property X. interest of A was
Subsequently, B, who is unaware of the loan not registered, B

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extended by A, extends loan to C, by creating will have

a security interest in Property X. B then priority.
registers its security interest with CERSAI. In
this case, who will have priority?
76 A extends loan to C, by creating a security Since security
interest on a Property X and registers it’s interest of A is
security interest with CERSAI. Subsequently,registered, B
B, who is unaware of the loan extended by cannot take the
A, extends loan to C, by creating a securityplea that it was
interest in Property X. B then registers it’s
not aware of the
security interest with CERSAI. interest of A in
In this case, who will have priority? Property X.
Here, A will have
priority.
77 Minors and insolvents can execute the False
documents.
78 In HINDU UNDIVIDED FAMILY _____ Is Karta
authorized to execute the documents
79 Can illiterate or blind persons can execute Yes
the documents?
80 Stamping of the documents must be done On or before the
______ execution of the documents. execution
81 RBI has allowed the minor to open the Section 26 of NI
deposit a/c as per the powers to become the act
drawer granted to him as per Sec ________
of NI Act
82 Can two minors open a JOINT Account? Yes allowed if
both are literate
and are from
same family

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83 Karta’s liability is _______ (limited/ Unlimited

unlimited)
84 Min. no of members in private limited and 2, 7
public company are ________
85 Max. no of members in private limited and 200, No limit
public company are ________
86 For alteration of memorandum, special 3/4th , central
resolution with _______ majority in the govt.
General Body Meeting will be passed and
thereafter approval from ________ is
required.
87 ________ are the bye-laws and internal Articles of
rules and regulations of the company association
88 if a cheque signed by an authorized director It will be
who has died, is presented after his death, honored
will it be honored or not?
89 Sec 125 of companies act provides that all 30 Days
charges created on a company's assets otherwise it is
(except pledge, lien, set-off, appropriation, void
trust receipt have to be registered with the
Registrar of Companies within ______ days
of creation of the charge
90 overdraft/ loan should be granted to a False
minor, even if security is provided.
91 Minor can give stop payment instructions in False
partnership account
92 Trustee can delegate his powers even if it is False
provided in trust deed.

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93 Trustee's Death, Insanity or Insolvency: True

Cheque issued by the trustee will be paid if
otherwise in order.
94 Maximum number of partners in 50
partnership firm is ______ as prescribed
under rules.
95 The Company cannot become the partner in False
a partnership firm if permitted by Articles of
Association.
96 Liability of partners in partnership firm is Limited
_____ (Limited/ unlimited)
97 Cheques payable to Partnership firm or False
endorsed can be credited in the accounts of
partner.
98 In case of death/ retirement/ insolvency of True
partner operations in the account must be
stopped
99 citizens of India and NRIs can get False
information from Public authorities.
100 Who is to provide information under RTI? Public
information
officer
101 A request for obtaining information under Rs 10
Section 6(1) of RTI act is to be accompanied
by an application fee of Rs _______
102 Time for disposal of request for information 30 days
is _____ days
103 If a MSME enterprise crosses any of the False
criteria it will not be classified in that

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category and will be based on lower

category.
104 MSME Units listed with GSTIN for same PAN False
will be treated as different enterprise.
105 WTRE Ltd is having Annual turnover of Rs Small Enterprise
200 crores (export turnover 155 crores) and
investment in P&M is 7 crores. It will be
classified as ______ unit
106 The committee headed by _______ Dr. C.
recommended the setting up of ATMS in Rangarajan
India.
107 When an ATM is connected to a bank's Online ATM
database and provides online access to the
customers accounts, it is said to be _______
ATM
108 When an ATM is not connected to any ATM Standalone ATM
network. In this case, transactions at an ATM
are restricted to customers of the ATM
branch and its link branches is called as
_____
109 ______ initiated the process of setting up a
Institute for
"National Financial Switch' (NFS) to facilitate
Development
apex level connectivity of other switches and Research in
established by banks. Banking
Technology
(IDRBT)
110 _______ was the first service provider to Tata
launch and operate "White Label" ATMs in Communication
India. Payment

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Solution Limited
(TCPSL)
111 an e-Commerce solution of National RuPay
Payments Corporation of India (NPCI). PaySecure
________ provides a platform for e-
transactions

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