LATEST POLICY - A FEW QUESTIONS 1-22
Questions based on latest policy
1. Indian companies
in the manufacturing and infrastructure sector including Hotel Sector, which are consistent foreign exchange earners, are allowed to avail of
ECBs for repayment of outstanding Rupee loan(s) availed of from the domestic banking
system and / or for fresh Rupee capital
expenditure, For this purpose the total project cost in Hotel Sector
should be:
a)
Rs,100 cr or more b) Rs.250 cr or
more c) Rs.500 cr or more
d)
Rs.1000 cr or more
2. Rule 9(1A) of
the Prevention of Money Laundering
Rules, 2005 requires that every banking company, and financial institution, as
the case may be, shall identify the
beneficial owner and take all reasonable steps to verify his identity.
The term "beneficial owner" in this connection,
has been defined as (1) the natural
person who ultimately owns or controls
a client (2) the person on whose behalf
the transaction is being conducted (3) a person who exercises ultimate effective control over a juridical person.
a) 1
to 3 all b) 1 and 2 only c) 1 and 3 only d) 2 and 3 only
3. Under the Prevention of Money Laundering Rules, 2005 controlling
ownership of / entitlement to, means more
than _______% of shares or capital or profits of the judicial person
where judicial person is a company:
a) 10% b) 15% c) 20% d) 25%
4. Under the
Prevention of Money Laundering
Rules, 2005 controlling ownership of / entitlement to, means more than_____% of capital or profits of
the judicial person where judicial person is a partnership:
a) 10% b) 15% c) 20% d) 25%
5. Under the Prevention of Money Laundering Rules,
2005 controlling ownership of! entitlement
to, means more than ______ %
of capital or profits of the
judicial person where judicial person is a unincorporated
association or body of
individuals:
a) 10% b)
15% c) 20% d) 25%
6.
Under the
Prevention of Money Laundering Rules, 2005 controlling ownership of! entitlement to, means % or more interest through the settler, the
trustee, protector or the beneficiary in case of a trust:
a) 10% b)
15% c) 20% d) 25%
7. Banks are required to place a review of ATM transactions to its Board of Directors, indicating, inter alia, the quantum
of penalties paid, reasons thereof and the
action taken to avoid recurrence of such instances.
a)
monthly b) quarterly c) half-yearly d) yearly
8. Banks are required to place a review of ATM transactions to its Board of Directors, indicating, inter alia, the denial of services to the customers at ATM
sites, reasons thereof and the action taken
to avoid recurrence of such instances.
a)
monthly b) quarterly c) half-yearly d)
yearly
9. Rupee export credit interest
subvention of 2% is available to banks for specific exporters where
the banks allow export credit at _____________ rate of interest:
a) 5% b) 7% c)
bank rate of RBI
d) base rate of bank concerned
10. Rupee export
credit interest subvention of 2% is available to banks for a period up to:
a)
31.03.12 b) 31.03.13 c) 31,03.14
d)
till the scheme is closed by Govt. of India.
11. RBI has decided to enhance the ECB limit for
Non-bank Finance Company — Infrastructure
Finance Companies (NBFC-IFCs) under the automatic route from___% of
their owned funds to % of their owned funds, including the
outstanding ECBs.
a)
25 % to 50 % b) 25% to 75% c) 50% to 75% d) 50% to
100%
12. In case of ECB
obtained by Non-bank Finance
Company — Infrastructure Finance Companies
(NBFC-IFCS), RBI has decided to reduce the hedging requirement for
currency risk from % of their exposure to ___ of their exposure.
a)
100% to 75% b) 100% to 50% c) 75% to 50%
d)
50% to 25°/a
13. Submission of
which of the following statements relating to Priority Sector Lending by banks to RBI has been
discontinued from 01.04.2013 (1) Special
Return 1(2) Special Return III (3) Outstanding credit to medium enterprise (4) education and housing loans (5)
progress in respect of govt. sponsored schemes.
a) 1
to 5 all b) 1 to 4 only c) 2 to 5 only d) 3 to 5 only
14. The time limit
for submission of priority sector
loan returns for which of the following is not matched:
a)
monthly returns to be submitted within 5
days from close of the month
b)
quarterly returns to be submitted within 5
days from close of the month
c)
yearly statements are to be submitted within
45 days from close of the financial year
d)
none of the above
15.
In the
context of quarterly review of frauds, the information relating to frauds for
the quarters ending June, September and December may be placed before the ______ during
the month following the quarter to which it pertains
the month following the quarter to which it pertains
a) Management Committee of the Board b)
Audit Committee of the Board
c)Operational
Risk Management Committee d)
Board of Directors
16. Banks are required conduct an annual
review (for year ended March), of the frauds
and place a note before the Board of
Directors/Local Advisory Board for
information. The reviews should be put up before the end of the next :
a)
fortnight b) month c) quarter d) half-year
17. As per revised
directions of RBI on issue of
commercial paper, which of the following
eligibility criteria for companies is not correctly stated?
a)
tangible networth of the company as per latest audited balance sheet is not less than Rs.5 lac
b)
company has been sanctioned working capital
limits by a bank or FL
c)
borrowal accounts of the company are Standard
Assets
d)
Credit rating of rating agency is minimum A3.
18. As per revised
directions of RBI on issue of
commercial paper, which of the following
conditions relating to amount of CP is not correct:
a)
minimum amount —Rs.5 lac b)
Maximum amount— no limit
c) Multiple — Rs.1 lac d) none of the above
19. As per revised
directions of RBI on issue of
commercial paper, which of the following
conditions regarding maturity period
is correct (1) minimum period is 7 days
(2) maximum period is 12 months (3) maturity date will not go beyond the validity
period of credit rating.
a) 1 to 3 all b) 1 to 2 only c) 2 and 3 only d)
1 and 3 only
20. As per revised
directions of RBI on issue of
commercial paper, which of the following is correct:
a) commercial
paper can be surrendered prematurely at option of the investor
b) loan against
security of commercial paper can
be allowed
c)
company can buy back the commercial paper
any time after the minimum maturity period of 7 days
d)
none of the above
21. Within 60% of MSE
advances to micro enterprises target for priority sector lending, 40% point loans should be given to
micro enterprises with investment in plant and machinery in case of
manufacturing enterprises up to Rs.____ and investment in equipment in
case of service enterprises up to Rs._____.
a) 2
lac, 1 lac b) 5 lac, 2 lac c) 10 lac, 4 lac d) 10 lac, 5 lac
22. Within
60% of MSE advances to micro enterprises target of priority sector lending, 20% point advances can be given to
micro enterprises with investment in plant
and machinery for manufacturing enterprise above Rs.____ and investment in equipment for
servicing enterprises above Rs.
a) 2
lac, 1 lac b) 5 lac, 2 lac c) 10 lac, 4 lac d)
10 lac, 5 lac
answers
1.b 2.a 3.d 4.b 5.b 6.b 7.b 8.b 9.b 10.c
11.c 12.a 13.b 14.c 15.b 16.c 17.a 18.c 19.a 20.c
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