SBI Clerk

IBPS PO mock test – BANK POs, Banking Special

1. Andhra Pradesh Grameena Vikas Bank (APGVB) established in the year 2006 and sponsored by State Bank of India has its Head Quarters in:
a) Vijayawada
b) Guntur
c) Warangal
d) Karimnagar
e) Hyderabad

2. To be eligible for classification under priority sector, the ceiling prescribed for lending to Agriculture Infrastructure (Cold Storage, Soil conservation, Tissue culture, Bio fertilizer, Vermiculture etc., is:
a) Rs. 50 Crore
b) Rs. 100 Crore
c) Rs. 200 Crore
d) Rs. 300 Crore
e) None

3. Which of the following statement is not correct with regard to RTGS?
a) Meant for Two lakh & above remittances only
b) Remittance should be through account transfer only
c) Maximum charges should not be more than Rs. 50 per remittance
d) Charges to be collected from the Beneficiary only
e) All the above

4. RBI initiates Prompt Corrective Action against commercial banks where:
a) CRAR below 9%
b) Net NPA above 10%
c) ROA below 0.25%
d) a & b
e) All

5. With regard to nomination to Illiterate account, which of the following statement is correct?
a) Can extend in favour of literate only
b) Nomination facility is not available
c) Consent from Nominee is required
d) Witness is a must
e) None

6. The Insolvency and Bankruptcy Board of India (IBBI) established on 1st October 2016 is given statutory powers through the Insolvency and Bankruptcy Code to speed up the resolution process for stressed assets in the country. The Chairperson of the IBBI is:
a) Suman Saxena
b) Dr. M. S. Sahoo
c) Vishal Sikka
d) Arvind Panagariya
e) None of the above

7. PMEGP cost of project for loans under manufacturing ____ and for Business/Service Sector ____
a) Rs. 15 lakhs & Rs. 10 lakhs
b) Rs. 20 lakhs & Rs. 15 lakhs
c) Rs. 25 lakhs & Rs. 15 lakhs
d) Rs. 25 lakhs & Rs. 10 lakhs
e) None

8. Under Cheque Truncation System (CTS), the instrument deposited by the customer for collection remain with ____
a) Collecting Branch
b) Service Branch of Collecting Branch
c) Paying Branch
d) Service Branch of Paying Branch
e) Clearing House

9. Fiscal Policy refers to:
a) Balance of Payments
b) Govt. taxes, expenditure and borrowings
c) Govt. borrowings from Equity Market
d) Sale and purchase of securities by RBI
e) None

10. As per the recent “Insolvency and Bankruptcy code” , the time frame fixed for insolvency resolution is 180 days, however it may be extended to______days by the Adjudicating Authority in exceptional cases.
a) 210 days
b) 240 days
c) 270 days
d) 300 days
e) None

11. The Central Government has constituted National Company Law Tribunal (NCLT) under section 408 of the Companies Act, 2013 (18 of 2013) w.e.f. 01st June 2016. In the first phase the Ministry of Corporate Affairs have set up eleven Benches. Which of the following city is not having such a bench?
a) New Delhi
b) Hyderabad
c) Allahabad
d) Chennai
e) None of the above

12. In order to secure the monetary stability in the country, all Scheduled Commercial Banks have to maintain Cash Reserve Ratio based on their Net demand and time Liabilities. Cash Reserve Ratio is defined under which Act? 
a) Banking Regulation Act 1949
b) Reserve Bank of India Act 1934
c) Negotiable Instruments Act 1881
d) Companies Act 1956 (Amended in 2013)
e) Not defined in any Act

13. The minimum education qualification stipulated for borrower availing credit limit of above Rs. 10 lakh (for manufacturing sector) under PMEGP is ____.
a) Intermediate (10+2)
b) 10th Standard
c) 8th Class
d) Graduation
e) None

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Mallikarjuna

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