Tuesday, 11 April 2017

Banking Questions Test (MCQ)- 46

1. Asset classification of accounts under consortium should be based on …
a) Classification of lead bank     b) Classification adopted by majority lenders

c) Record of recovery of the individual member banks     d) None of the above

2. The criteria for asset classification of agricultural advances is based on …
a) Crop type  b) Crop grown by the farmer        
c) Crop season        d) None of the above

3. Short duration crops are those where the crop period is …
a) Up to 3 months    b) Up to 6 months    c) Up to 12 months  d) None of the above

4. Provision Coverage Ratio of Bank as on 31.12.2015 is …
a) 52.05%     b) 51.50%     c) 55.49%               d) 55.40%

5. INCA stands for …
a) Interest Not Credited Account      b) Interest Not Collected Account
c)  Interest Not Charged Account      d) None of the above

6. UIPY stands for …
a) Unrealized Interest for Previous Year
b) Unrealized Income for Previous Year
c) Unrealized Interest Portion of the Year
d) None of the above

7. Acquisition of secured assets by bank towards part liquidation of outstanding dues or full and final settlement of outstanding dues of the borrower is known as …
a) One Time Settlement     b) Compromise settlement
c) Debt-Asset Swap           d) None of the above

8. Preconditions for action under SARFAESI Act, 2002 are …
a) The account must be NPA
b) The amount of Debt due must be above Rs. 1 lac
c) The secured asset to be enforced must not be Agricultural Land
d) All of the above

9. Demand Notice issued under section 13(2) of SARFAESI Act, 2002 allows a time period of … days to the defaulting borrowers/guarantors to repay the entire dues.
a) 30             b) 60             c) 90             d) None of the above


10. Executives/officers of rank of ------------ & above are authorized by the board to act as Authorised Officers under SDARFAESI Act, 2002.

a) Scale-II     b) Scale-III    c) Scale-IV              d) Scale-V

Answer-
1
2
3
4
5
6
7
8
9
c
c
c
d
b
a
c
d
b
10
c
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