A K GUPTAS BANKERS TRAINING INSTITUTE

(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

MEMORY BASED QUESTIONS OF

PNB EXAM ON 7 MAY
CANARA BANK EXAM HELD ON 23.04.2017
III TO IV
1. Which of the following union territory is included in A region(Official Language)?: Andman & Nicobar
2. What is the loan limit for Agriculture Infrastructure under Priority Sector?: Rs 100 crore per borrower
from banking system.
3. What is the loan limit for financing of Agro Food Industry as part of Ancillary activity in agriculture?:
Rs 100 crore per borrower from banking system.
4. What is the loan limit for financing of Social infrastructure for coverage under priority sector?: Rs 5
crore per borrower
5. What is the maximum amount of loan to corporate for agriculture and allied activity for coverage
under priority sector?: Rs 2 crore per borrower.
6. What is the maximum amount of loan that can be granted to co-operative societies of farmers for
disposing of the produce of members: Rs 5 crore
7. What is the maximum amount of loan to farmers against pledge/hypothecation of agricultural produce
for coverage under PS?: Rs 50 lac for 12 months
8. Loans to individuals up to _____ in metropolitan centres (with population of ten lakh and above) for
purchase/construction of a dwelling unit per family will be part of priority sector provided the overall
cost of the dwelling unit in the metropolitan centre does not exceed _____: Rs 28 lakh; Rs 35 lakh
9. What are the components of MCLR in addition to marginal cost of funds?: (a) Negative carry on
account of CRR; (b) Operating costs; (e) Tenor premium.
10. What is the present LCR requirement of Indian Banks? 80% (Liquidity Coverage Ratio is calculated
as Stock of high quality liquid assets (HQLAs)/ Total net cash outflows over the next 30 calendar
days should be 100%. The requirement would be minimum 60% for the calendar year 2015 i.e. with
effect from January 1, 2015, and rise in equal steps to reach the minimum required level of 100% on
January 1, 2019. January 1 2015: 60%; January 1 2016: 70%; January 1 2017: 80%; January 1
2018: 90%; January 1 2019: 100%).
11. For the purpose of calculating capital for credit risk based on rating of the corporate, in the case of
more than 2 ratings, which rating will be used? : The ratings corresponding to the two lowest risk
weights should be referred to and the higher of those two risk weights should be applied. i.e., the
second lowest risk weight (i) If there is only one rating by a chosen credit rating agency for a
particular claim, that rating would be used to determine the risk weight of the claim. (ii) If there are
two ratings accorded by chosen credit rating agencies that map into different risk weights, the higher
risk weight should be applied. (iii) If there are three or more ratings accorded by chosen credit rating
agencies with different risk weights, the ratings corresponding to the two lowest risk weights should
be referred to and the higher of those two risk weights should be applied. i.e., the second lowest risk
weight.
12. Risk weight for housing loans more than Rs 75 Lakhs and LTV<= 75?: 75%
13. Without collateral loans to be given upto what amount under CGTMSE?: Rs 200 lakh ( Rs 2 crore)
14. Foreign DD deposited in NRE account, which rate will be used for conversion?: TT Buying Rate
15. In an E or S account, party A has issued the cheque, party B has corrected the date and signed.
Whether cheque can be passed?: Yes. Either can confirm material alteration
16. Consumer protection act Limitation period?: 2 year from date of cause of action
17. What is the CRAR requirement as per Basel III as on 31.03.2019(including Capital conservation
Buffer): 11.5% of risk weighted assets. Tier I should be 9.5%; CET I should be 8%.
18. What is the additional single entity exposure under infrastructure?: Exposure to single borrower 15%
of the capital funds of the bank and for infrastructure additional 5% exposure can be taken.
 A K GUPTAS BANKERS TRAINING INSTITUTE
(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

19. Maximum holding of shares in a company by a bank : 30% of the paid up capital of the company or
30% of the paid up capital and reserves of the bank which ever is lower.
20. FCNR(B) maximum interest rate for 1year to less than 3 year: LIBOR plus 200 Basis points
21. Capital X, reserves Y, preoperative expenses Z, what is the tangible net worth?: X plus Y minus Z
22. Which is the amount to be attached under Garnishee Order after operations in the account?: Amount
available at the time of receiving the order and not deposited afterwards
23. Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises is applicable to
MSMEs having loan limits up to ______including accounts under consortium or multiple banking
arrangement (MBA): Rs 25 crore.
24. If investment in Plant & machinery is more than Rs 5 crore but up to Rs 10 crore, it will be classified
as: Medium manufacturing enterprise.
25. How much Carve out is there under SLR for the purpose of maintaining LCR: 11% (The assets
allowed as the Level 1 High Quality Liquid Assets (HQLAs) for the purpose of computing the LCR of
banks, inter alia, include Government securities in excess of the minimum SLR requirement and,
within the mandatory SLR requirement, Government securities to the extent allowed by RBI under
Marginal Standing Facility (MSF) [presently 2 per cent of the banks NDTL] and under Facility to Avail
Liquidity for Liquidity Coverage Ratio (FALLCR) presently 9 per cent of the banks NDTL. Hence, the
total carve-out from SLR available to banks would be 11 per cent of their NDTL.
26. Profit before Tax- 240, income tax-90, term loan instalment -85, interest on TL -45; Depreciation -
65. What is the DSCR: (240 90 + 45 + 65)/ (85 + 45): 2:1
27. Profit after tax 90; Depreciation Rs 30; Interest on term loan 40; DSCR 1.6:1; What will be
instalment : Rs 70
28. What is the annual cost escalation for Kisan credit card: 10%
29. Fixed Assets-200 revalued to 400, how much can be included under Tier I capital?: 90 (Revaluation
reserves taken at 55% discount)
30. For being eligible for cover under Guarantee scheme, the amount of educational loan can be upto :
Rs 7.5 lakh
31. For a micro enterprise of Women with Rs 68.00 Lakhs liability,what is the amount which can be
claimed under CGTMSE ?: Rs 49 lakh
32. In money laundering, the introduction of the unauthorised money into the system is called by the
term: Placement. (There are three stages involved in money laundering; placement, layering and
integration. Placement This is the movement of cash from its source)
33. The account of a foreign student before receipt of full KYC, the deposit allowed is upto: USD1000 in
first 30 days ( withdrawal is restricted to Rs 50,000 in first 30 days)
34. Under CGTMSE if the amount under recovery is not passed to the trust within one month what is the
penal rate?: Bank Rate plus 4% (Every amount recovered and due to be paid to the Trust shall be
paid without delay, and if any amount due to the Trust remains unpaid beyond a period of 30 days
from the date on which it was first recovered, interest shall be payable to the Trust by the lending
institution at the rate which is 4% above Bank Rate for the period for which payment remains
outstanding after the expiry of the said period of 30 days).
35. Unsecured exposure, the security is: 10% or less than 10% of the exposure taken.
36. The supreme court has issued judgement that which one of the following can not be a partner in a
partnership firm: HUF
37. 15 G is to be preserved for how many years?: up to 7 years from close of the financial year in which it
was submitted
38. Small savings bank account, balance and the aggregate credit amount limit?: Balance not to exceed
Rs 50,000 and aggregate credit in a financial year not to exceed Rs 1 lac
39. Preferential rate of interest is not applicable to which among the following? Term deposit of Rs 15
lac and above (Banks are allowed to offer differential rate of interest on domestic term deposits on
the basis of the following: (a) Tenor of Deposits; (b) Size of Deposits: Banks are allowed to offer
differential rates of interest on the basis of quantum for single term deposits of 1 crore and above;
(c) Availability of early withdrawal option: With effect from April 16, 2015 banks have been allowed
 A K GUPTAS BANKERS TRAINING INSTITUTE
(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

the discretion to offer differential interest rates based on whether the term deposits are with or
without-premature-withdrawal-facility,
40. Maturity period of the certificate of deposits: 7 days to one year.
41. The minimum number of persons required for SHG in difficult areas?: 5
42. In PMJDY account, the overdraft limit is to be fixed based on the account balance for what period?: if
account is satisfactory for at least 6 months.
43. A garnishee order has come, no balance in current account, OD limit available, which of the following
to be done?: Not applicable on unutilized OD/CC limits.
44. DER 2:1, Long term borrowings Rs 40 lakhs, Loss 4lakhs, what is the net worth: Rs 24 lakh (
Tangible net worth will be Rs 20 lakh)
45. Current account opening with A ,B and C. C is a Pardanishin lady and has not given photograph.
Which of the following to be done: As per KYC guidelines, photograph is must in all cases
46. Section no of Inchoate instrument?: Section 20 of N I Act
47. Outstanding Rs 50 lakh, Realisable value of security Rs 30 lac; Account doubtful for more than 3
years. Amount of provision?: 100% of outstanding i.e. Rs 50 lakh
48. The time limit for charge creation with registrar of companies: 30 days; Extension up to 270 days;
Total period for registration: 300 days
49. The premium for different types of crops under fasal bima yojana: Rabi 1.5%; Kharif 2%; Annual
crops: 5%
50. RTI, if information not given under 30 days, what is fine per day and upto what amount?: Rs 250 per
day maximum Rs 25000
51. Unhedged foreign currency exposure-loss as a % of earnings before interest and taxes is 30-50%
what is the incremental provision? 40 basis points (Likely Loss/EBID (%) - Incremental Provisioning
Requirement on the total credit exposures over and above extant standard asset provisioning:
Upto15 per cent 0; More than 15 per cent and upto 30 per cent - 20bps; More than 30 per cent and
upto 50 per cent - 40bps; More than 50 percent and upto 75 per cent - 60bps; More than 75 per cent
- 80 bps)
52. Weighted average interest charged under Deendayal antyodaya yojana(NRLM) for 2016-17?: In PNB
weighted average interest is 11.5% and interest subvention will be 4.5%
53. The minimum % of women beneficiaries under Deendayal antyodaya yojana(NULM): 30%
54. Under SDR, after divestment, the minimum promoter stake shall be? 26% (the asset classification
benefit will be available to the lenders provided they divest a minimum of 26% of the shares of the
company to the new promoters within the stipulated time line of 18 months and the new promoters
take over management control of the company.
55. What is the maximum NEFT charges from 2lakhs to 5 lakhs: Rs 25 plus service tax

II TO III
1. SPOT TRANSACTIONS ARE SETTLED ON T +2 BASIS I.E. 3RD WORKING DAY
2. INTEREST RATE BY RBI ON CRR BALANCES: NIL
3. REVERSE REPO RATE FROM 6.4.2017: 6%
4. THE GUARANTEE FEE IS CHARGED BY CGFT ON THE BASIS OF : LEVEL OF NPA OF THE
BANK FOR LOANS OVER RS 5 LAC
5. FINAL IMPLEMENTATION OF BASEL III: 31 MARCH 2019
6. ACCOUNT OF A CONTRACTOR FALLS IN WHICH CATEGORY: MEDIUM
7. WHAT IS FUNCTION OF ALM: TO PROTECT NET INTEREST INCOME AND NET INTEREST
MARGIN
8. IN TERMS OF PILLAR 1 OF BASEL III, BANKS IS REQUIRED TO BRING CAPITAL FOR: CREDIT
RISK + MARKET RISK + OPERATIONAL RISK
9. THE SCHEME FOR REHABILITATION AND REVIVAL OF MICRO, SMALL & MEDIUM
ENTERPRISES IS APPLICABLE FOR OUTSTANDING UPTO: RS 25 CRORE
10. INTEREST ON SAVING BANK ACCOUNTS IS TO BE PAID: QUARTERLY
11. BENEFICIARY CONTROL IN PARTNERSHIP ACCOUNT: 15%
 A K GUPTAS BANKERS TRAINING INSTITUTE
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12. WHICH OF THE FOLLOWING DOES NOT PERTAIN TO OPERATIONAL RISK: DEFAULT BY
BORROWER
13. WHAT IS THE IMPACT OF OVERVALUATION OF CLOSING STOCK: GROSS PROFIT
INCREASES
14. WHAT IS THE MAXIMUM AMOUNT THAT CAN BE REMITTED UNDER LRS FOR MEDICAL
TREATMENT: NORMALLY USD 250000 BUT IF ESTIMATE FROM FOREIGN HOSPITAL IS GIVEN
THEN HIGHER AMOUNT CAN ALSO BE REMITTED
15. WHICH OF THE FRAUDS ARE REPORTED TO ECONOMIC OFFENCE WING OF CBI: WHEN
AMOUNT OF FRAUD IS BETWEEN RS 3 CR TO RS 25 CRORE AND NO STAFF INVOLVEMENT.
16. WHAT IS CONTRIBUTION IN THE CONTEXT OF CVP ANALYSIS: SALES MINUS VARIABLE
COST
17. IF BREAK EVEN POINT IS HIGH, IT MEANS MARGIN OF SAFETY IS: LESS
18. FOR OFFICIAL LANGUAGE POLICY, WHICH OF THE UNION TERRITORIES IS PART OF
REGION B : CHANDIGARH
BANKING LAW ( NI/BR / RBI ACT)
19. AGENT DIED AND CHEQUE PRESENTED -SHOULD BE PASSED
20. IF GUARANTOR CLEAR ALL LOANS OF BORROWER RIGHT OF SUBROGATION
21. AS PER LATEST RBI CIRCULAR, 2016 UNIFORM RATE OF INTEREST SHOULD BE APPLIED
UPTO WHAT AMOUNT IN AN SB ACCOUNT- ONE LAC .
22. IMPLEMENTAION OF BASL III DATE 31.03.2019
23. PILLER-1 CAPITAL CALCULATED ON CREDIT RIST/MARKET RISK/OPERATION RISK
24. BANK SHALL NOT HOLD SHARES IN ANY COMPANY MORE THA 30% OF PAID UP CAPITAL OF
THE COMPANY OR 30% OF THE PAID UP CAPITAL AND RESERVES OF THE BANK
WHICHEVER IS LOWER.
25. SME REHABILITATION FOR HOW MUCH AMOUNT - 25 CRORE
26. WHAT IS TANGIBLE NETWORTH - PAID UP CAPITAL + RESERVED - INTANGIBLE ASSET
27. WHAT IS RESULT OF OVER VALUATION OF CLOSING STOCK - INCREASED IN GROSS PROFIT
28. WHAT IS GREEN CLAUSE LC: WHICH CONTAINS A CLAUSE TO PROVIDE FINANCE FOR
STORAGE & TRANSPORTATION IN ADDITION TO FINANCE FOR PACKING CREDIT.
29. LOAN COVER UNDER PRIOTIRY SECTOR FOR WOMEN UNDER WEAKER SECTION- 100000
30. MEDIUM RISK CATEGORY CUSTOMER CONTRACTOR
31. CGMSE CLAIM SETTLEED TO WOMEN FOR RS.25 LACS 80%
32. MAX PROJECT COST OF AN INDIVIDUAL APPLICANT IN AGRI CLINIC - 20 LACS
33. PENALTY FOR NOT PASSING RECOVERY WITHIN 30 DAYS TO CGTMSE- BANK RATE+4%
34. WHAT SHOULD BE MIN PERCENTAGE OF WOMEN/SC/ST IN GRP FOR STANDUP INDIA - 51%
35. WHAT IS THE MAX LOAN AMOUNT, FOR WHICH CIBIL IS NOT MANDATORY TO BE DRAWN IN
GOVT SPONSORED SCHEMES -2.00 LAKHS
36. PURPOSE OF DEBT SWAPPING -TO PAY OFF DUES OF MONEYLENDERS
37. EXPOSURE IN SHG/JLG AS QUALIFYING ASSETS FOR AN MFI TO QUYALIFY FOR PRIROTY
SECTOR LENDING -85%
38. PREMIUM OF CGMSE BY THE TRUST ON NPA LEVEL
39. CLASSIFICATION OFNPA IN CONSORTIUM - BY THE INDIVIDUAL BANK
40. PROVISION FOR DOUBTFULL ACCOUNT FOR 1 TO 3 YEARS ON SECURED PORTION -40% OF
RVS
41. LIMIT NOT RENEWED / ADHOC NOT CLEARED / WHEN SHALL BE NPA -180 DAYS
42. WHAT IS DEBT SECUTERISATION: CONVERTING DEBT INTO MARKETABLE SECURITIES
43. REPLY IN CASE OF BORROWER OBJECT IN SARFESAI ACT NOTICE- 15 DAYS
44. WHAT IS REVERSE REPO RATE 6%
45. ROI ON CRR GIVEN BY RBI NIL
46. WHO CAN NOT BE A PARTNER HUF
47. MAXIMUM COMPENSATION BY OMBUDSMEN ON CREDIT CART 100000
48. FUNCTION OF ALM PROTECT NET INTEREST INCOME
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49. SPEED CLEARING TIME TO BE PERMITTED FOR OUT STATIONS CHEQUES- 48 HOURS
50. LLP IS GOVERNED BY- ROC
51. UNION TERETORY UNDER B REGION CHANDIGARH
52. LEGAL POSITION OF NOMINEE TRUSTEE OF LEGAL HIERS
53. UN SPENT FOREX BY VISITORS FOR HOW MENY DAYS TO BE SURRENDER 180 DAYS
54. SPOT TRANSACTION TO BE DONE ON: 3RD WORKING DAY (A SPOT CONTRACT, SPOT
TRANSACTION, OR SIMPLY SPOT, IS A CONTRACT OF BUYING OR SELLING A COMMODITY,
SECURITY OR CURRENCY FOR SETTLEMENT (PAYMENT AND DELIVERY) ON THE SPOT
DATE, WHICH IS NORMALLY TWO BUSINESS DAYS AFTER THE TRADE DATE)
55. INTEREST PAID ON SAVING BANK ACCOUNTS - QUARTERLY
56. PMFBY PREMIUM FOR KHARIF- 2%
57. AS PER KYC GUIDELINES, WHERE THE CUSTOMER IS A PARTNERSHIP FIRM, THE
BENEFICIAL OWNER IS THE NATURAL PERSON(S), WHO, WHETHER ACTING ALONE OR
TOGETHER, OR THROUGH ONE OR MORE JURIDICAL PERSON, HAS/HAVE OWNERSHIP
OF/ENTITLEMENT TO MORE THAN: 15 PER CENT OF CAPITAL OR PROFITS OF THE
PARTNERSHIP
58. CHANGE OF ADDRESS TO BE INFORMED TO THE BANK - WITHIN 6 MONTH
59. WHICH IS NOT PERTAINS TO OPERATIONAL RISK - DEFAULT BY THE BORROWER
60. AADHAR CAN NOT BE DISCLOSED IN PUBLIC
61. ATM FAILED TRANSACTIONS COMPENSATION TO BE PAID AFTER 7 DAYS - RS100 PER DAY
62. WHAT IS IFSC CODE INDIAN FINANCIAL SYSTEM CODE
63. EXPAND IMPS: IMMEDIATE PAYMENT SYSTEM
64. WHAT IS THE MEANING OF HOT LISTING ATM CARDS: BLOCKING CARD WHEN IT IS LOST
65. WHICH IS NOT THE WAY FOR HOT LISTING BY EMAIL
66. PENALTY FOR LATES CREDIT IN NEFT: REPO RATE PLUS 2%
67. HL ABOVE RS.75 LAKH, LTV 75% - RISK WEIGHT WILL BE 75%

SCALE 1 TO 2
1. Right of guarantor after repayment of loan: Right of Subrogation
2. Liability of partner in partnership firm: Joint and several
3. Pari passu charge means: Sale proceeds of security shared among banks in proportion to their
outstanding
4. The mortgage in which rent and profit comes to the mortgagee and possession is transferred to
mortgagee is called: Usufructory mortgage
5. CC account is overdrawn for 9 mths, outstanding is over dp/sanctioned limit, what will be
classification of the account sub standard, doubtful, out of order: Sub standard
6. Which of the foll wrong about RTI ACT fee to be paid, can be given in physical/ eform, reason to be
mentioned: Reason to be mentioned
7. Tax saver maximum amount of deposit: Rs 150000
8. Under NRLM, maximum loan amt that can be given without collateral security: Rs 10 lakh
9. Operation risk management ; which of the following is not related RCSA,KRI,ORMF,AMA,IMM : IMM
(RCSA (Risk Control Self Assessment) is an empowering method/process by which management
and staff of all levels collectively identify and evaluate risks and associated controls; A Key Risk
Indicator, also known as a KRI, is a measure used in management to indicate how risky an activity is;
ORMF Operational Risk Management Framework; Advanced Management approach; IMM: Internal
Models method)
10. Capital Rs 100; Reserve Rs 200; Undistributed profit Rs 50; Long term liability 700; What is debt
equity ratio: 2:1
11. What is Capital gearing ratio?: tool to analyze the capital structure of a company and is computed by
dividing the common stockholders' equity by fixed interest or dividend bearing funds.
12. CURRENT RATIO REVEALS: Liquidity of a firm or ability to pay current liabilities in time
 A K GUPTAS BANKERS TRAINING INSTITUTE
(75, Block BG-I, Paschim Vihar, New Delhi 110063; 09350476949; akg.bti@gmail.com)

13. What is the time limit for accepting award by Banking ombudsman: 30 days from receiving copy of
award.
14. Charges for delay in NEFT credit: Repo rate plus 2%
15. What is the limitation period for demand loan for which demand promissory note was obtained: 3
years from date of DPN
16. Rbia stands for: Risk based internal audit in a bank
17. In educational loans, guarantee cover is available for loans upto: Rs 7.5 lac
18. EEFC opened by resident jointly with resident, what is operation condition: Former or Survivor
(Resident individuals are permitted to include resident relative(s) [as defined in section 2(77) of the
Companies Act, 2013] as joint holder(s) in their EEFC account on 'former or survivor' basis).
19. For demat, when Pan no is required: In order to enhance Know Your Client norms, the Securities
and Exchange Board of India has made Permanent Account Number (PAN) mandatory for opening
demat accounts on or after April 1, 2006.
20. A cheque was made from Bearer to order by striking the word bearer and this alteration is not
confirmed by drawer. What should the bank do: Bank not liable if paid in due course.
21. Banks can offer differential rate of interest in sb accounts over what amount: Rs 1 lakhs
22. A person cannot have more than one BSBD Accounts. All other savings accounts in that bank should
closed within what time: 30 days of opening BSBDA.
23. Standing instruction relation of bank and customer: Agent and Principal
24. Cersai has been created as per provisions of which of the following BR Act, IBA rules, RBI
guidelines, Sarfaesi Act: Sarfaesi Act
25. In case of loan given by more than one bank under a consortium, how the asset classification is done
by various banks?: Each bank will classify the account based on its record of recovery
26. Cash Reserve Ratio is maintained as per provisions of which Act?: Section 42 (1) of RBI Act.
27. When a company requests for numerous cheques for various transactions, to whom all it is to be
reported/informed ---FIU IND, RBI, home ministry, finance ministry: FIU IND (Suspicious
transactions are reported to FIU. Transactions may include Unusual or unjustified complexity; No
economic rationale or bonafide purpose; Source of funds are doubtful; Appears to be case of insider
trading; Investment proceeds transferred to a third party; Transactions reflect likely market
manipulations; Suspicious off market transactions
28. What is the minimum qualification required to be eligible under PMEGP scheme for a Manufacturing
unit with investment in P&M above 10 Lac upto Rs 25 Lac and service enterprise with investment in
equipment more than Rs 5 Lakh: 8TH Class pass
29. Bank credit to Micro Finance Institutions (MFIs) extended for on-lending to individuals will be eligible
for categorisation as priority sector advance under respective categories provided not less than 85
percent of total assets of MFI (other than cash, balances with banks and financial institutions,
government securities and money market instruments) are in the nature of qualifying assets. For
this purpose, a qualifying asset shall mean a loan disbursed by MFI, in which tenure of loan is not
less than 24 months when loan amount exceeds: Rs 30,000/-
30. How does a BC function-- biometric machine, atm , credit card, debit card: Biometric machine
31. What is BEP: Level of sales at which there is no profit or loss; cost equal to revenue
32. Customer has deposited money for specific purpose. What is the status of bank?: trustee, debtor,
creditor, lessor: Trustee
33. Atal pension yojana is discontinued if defaulted payment more than: 12 months (If default in
payments, then deduction would be made in the subscribers account for account maintenance
charges and other related charges on a periodic basis. Once the account balance in the subscriber's
account becomes zero due to deduction of account maintenance charges, fees and overdue interest,
the account would be closed immediately. If there's a continuous default for 6 months, pension
account will be freezed and if there's a continuous default for 12 months, the account will get closed
and whatever balance is left after the above said deductions will be given to the subscriber. For
delayed contributions a penalty of Rs. 1 per month for contribution of every Rs. 100, or part thereof,
for each delayed monthly contributions.
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34. Collecting banker protection under which section: Section 131 of N I Act
35. If Paying banker cant detect material alteration as it is not visible & cheque is paid, what will
happen?: Bank gets protection under section 89 of N I Act
36. BASEL iii implementation by what date: 31.03.2019
37. What is not domain of ALCOINTEREST RATE RISK, LIQUIDITY OF FUNDS, NIM, BUDGET
ACHIEVEMENT,NONE OF THESE: Budget achievements
38. RTGS payment under which act PSS, IBA, NI, RBI: Payment and Settlement Systems Act
39. Penalty to be paid per year for revival of sukanya samriddhi account: Rs 50 per year (A minimum of
Rs.1000/- must be deposited in a financial year. Where minimum amount of Rs. 1000/- a year has
not been deposited then such irregular account may be regularised on payment of a penalty of fifty
rupees per year.
40. SARFAESI eligible if outstanding including interest is more than what amount: Rs one lac
41. BC implemented by which committee recommendation: H R Khan Committee
42. Cgtmse cover for micro units for loans up to Rs 5 lakh: 85% of the amount in default
43. Limitation period for filing suit under sec 138 when the chq is returned3yrs from dt of demand,
15dys, one month by refusal: One month from date of cause of action
44. Letter of administration is required when: If someone dies intestate before administration of estate is
entrusted to someone or when no executor is appointed under the will of deceased or when executor
is appointed but he refuses to act, then Letters of administration may be issued to entitle the
administrator to all rights required for effective administration of the estate of deceased.
45. Life cover under PMJDY for eligible accounts: Rs 30,000
46. DPG is what type of guarantee- bid bond, performance, financial: financial
47. Treasury bills can be issued upto how many days: 364 days
48. Standby letter of credit is same as: Bank Guarantee
49. Weavers mudra loan: Cash credit limit up to Rs 5 lakh. The Weaver MUDRA scheme facilitates
margin money of up to Rs 10,000.
50. Joint SB account of A and B , POA to C, information received by Bank that B dies, chq signed by C
comes. What will you doreturn chq as POA not valid anymore, pass after taking sign of A, pass
after getting confirmation from A: Return the cheque as one of the principals have died
51. CURRENT account of a company account operated by Financial Director, he dies: Pass the cheque
if otherwise in order.
52. Accrual concept means: Considering the income and expenses when these become due and not
waiting for actual receipt or payment
53. Women SHG what is the interest subvention for 2016 -17 for PNB if ROI is charged upto 7%: 4.5%
54. In FD amount not to be paid in cash if principal and interest is: Rs 20000 or above
55. Low risk account updation once in how many years: once in 10 years
56. Long term sources Rs 1500; long term uses Rs 1200; Total assets 2500; Find NWC: LTS
minus LTU Rs 300
57. Cheque returned due to insufficient funds. Within how many days drawer has to make payment
before any action is initiated under 138: 15 days
58. For enforcing right under SARFESAI Act, in the case of consortium advances, consent of which
bankers is required?: consent of 60% bankers by value is required
59. What is the maximum amount of Guarantee cover under CGFT scheme?: Rs 1 crore ( earlier max Rs
50 lakh)
60. What is the maximum amount of loan covered under CGSMSE?: Rs 2 crore
61. DD more than 20,000 to be crossed as per which act?: As per RBI guidelines issued under section
35 A of BR Act.
62. Internal ombudsman to csso as per which committee recommendation: As per Damodaran
Committee (On the recommendations of the Damodaran Committee, PNB appointed Chief Customer
Service Officer (CCSO) to act as Internal Ombudsman (IO) for ensuring that the minimum number of
cases get escalated to the Banking Ombudsman (BO). Max amount of Award by IO in PNB : Rs
50,000
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63. Rtgs customer time ends at: 16.30 PM; IDL Reversal 19:45 hours - 20:00 hours; End of Day
20:00 hours
64. What is noting in NI act: Recording the fact of dishonour of Bill by Notary public
65. Why registration of partnership is required: Unregistered firm cannot file a suit for recovery of its debt.
66. Cgtmse cover is available for loans in MSME upto what amount: Rs 2 crore ( Max claim Rs 1 crore)
67. For restructured housing loan , addl RW required is: 25%; Restructured housing loans should be risk
weighted with an additional risk weight of 25 per cent to the risk weights.
68. Clean note policy of rbi-notes should not be stapled, sorted as issuable/ nonissuable, no noting on
the currency notes: All of these
69. Turnover of a msme company is 200 lakhs last year and 300 projected for next year, max working
capital limit can be permitted is: 60 lakh
70. After return to India upto what amount can be retained without conversion beyond 180 days: USD
2000
71. Pmfby indemnity based on high, moderate, low risk is: 70%; 80%; 90% (Pradhan Mantri Fasal Bima
Yojana (PMFBY) aims at supporting sustainable production ... CCE based yield data will be
submitted to insurance company. Three levels of Indemnity, viz., 70%, 80% and 90% corresponding
to high, moderate and low risk level of the areas shall be available for all crops.
72. Safe custody article under which act: Indian Contract Act
73. Party wants to purchase goods worth 30 lakhs and payment in 10 months which type of LC is
suitable -- DA LC
74. When counterfeit notes are received upto notes we have to report at month end: up to 4 in one
deposit; For 5 & above FIR to be lodged.