Quiz -2
1.In which of the following, the cash credit
or overdraft account does not become out of order but becomes NPA directly?
a) where there
is no credit for 90 days as on date of balance sheet although balance is within
the limit & DP
b)
where the credit is less than interest debited during the same period although
balance is within the limit & DP
c)
where the borrower has not submitted due stock report for 3 months
d)
where account remains above the sanctioned limit or DP
e)
where the limit has not been renewed for more than 6 months after it had fallen
due for renewal
2.In a cash credit account, the party has not given due stock statement for
the last 9 months. The account is
showing a balance of Rs.2.56 lacs with a limit of Rs.3 lacs and DP of Rs.2.80
lacs based on the last stock report. The
party has paid interest regularly. The
account is otherwise conducted as per terms of the sanction. The account classification shall be:
a)
standard account
b)
out of order account
c)
sub-standard account
d)
at the discretion of the bank
e)
None of the above
3.What is the net working capital (margin)
requirement under second method of lending of Tandon Committee?
a) 25% of total current assets
b)
25% of total assets
c)
25% of working capital gap
d)
25% of total current liabilities
e) None
of the above
4.A business firm has been sanctioned working
capital limits of Rs.6 lacs at 25% margin by the bank and book debt limit of
Rs.4 lacs at
50% margin. What will be the total
margin requirement to avail the limit fully?
a) 4
lacs
b) 5
lacs
c) 6
lacs
d)
6.5 lacs
e) 8
lacs
5.The guarantee given by a guarantor to
secure a term loan falls under which of the following category?
a) performance
guarantee
b) financial guarantee
c)
specific guarantee
d)
continuing guarantee
e)
indefinite guarantee
6.A bank branch allows an advance to M/s.
Deena Nath & Co. which is secured by guarantee of one Mr. Mahesh
Chander. The guarantee extends to a
series of transactions. Such guarantee
is called:
a)
performance guarantee
b)
financial guarantee
c)
specific guarantee
d)
continuing guarantee
e)
indefinite guarantee
7.The pledge is defined u/s ___ of Indian
Contract Act:
a) 172
b) 272
c) 171
d) 372
e) 174
8.The charge on movable assets without
possession to be created is charge known as:
a) Lien
b) Assignment
c) Mortgage
d) Hypothecation
e)
Set off
9.In respect of documents signed jointly and
severally, the bank can seek recourse in the Court against:
a) all
b) any one
c) all separately
d)
All or any of the above
e) At
the discretion of the Court
10.Which of the following is not part of
prudent guidelines issued by Reserve Bank of India?
a) income
recognition
b) asset classification
c)
loan recovery rules
d)
provisioning norms
e)
none of the above
Ans:
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
|
e
|
c
|
b
|
c
|
c
|
c
|
a
|
d
|
c
|
c
|
