Retail Bank mock test with old question most imp question 5 year old question. Question multiple choice questions and answers prepared by senior officer’s click on finish test after attend all the question to know your result with right wrong answer

First ques   1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50   of 50 Finish Last

Q - 1 .This method of depreciation is generally adopted by industrial units because of advantage of lower income-tax

• Written Down Value (WDV) Method
• Straight Line Method
• both
• There are several methods to calculate depreciation, board of directors of company decides.

Q - 2 ....... is the first independent nation wide shared ATM network in Indi It is also the largest private shared ATM network with IDBI Bank acting as the settlement bank.

• Infinet
• Cash Tree
• BANCS
• Cashnet

Q - 3 .What is correct about subsidy under National Rural Livelihood mission scheme ?

• 30% max(7500/-),SC/ST 50% max 10000/-,SHG 50% max 1.25 lacs(Rs 10000 per member max)
• 25% for all(max 7500) Others 35% max 12000/-
• 35% max 20000,others 40% max 15000/-
• 40% project cost but max 35000 for all

Q - 4 .BCSBI was released by the Governor, Reserve Bank of India on & &

• 1st Apr 2006
• 1st Jul 2006
• 1st Aug 2008
• 1st Sep 2009

Q - 5 .In case of default in repayment, before repossession of the security, BCSBI representatives will contact you ('you' denotes customer) between ___ and ___, unless the special circumstances of your (customer's) business or occupation require otherwise.

• 0900 hrs to 2100 hrs
• 0800 hrs to 1800 hrs
• 1000 hrs to 2000 hrs
• 0700 hrs to 1900 hrs

Q - 6 .What is appropriate about incremental loans by banks under MSME to be reckoned as priority sector lending ?

• The incremental bank loans to medium service enterprises extended after November 13,2013, up to the credit limit of Rs. 10 crores, would qualify as Priority Sector Advances.
• In line with the above, similar incremental loans to micro and small service enterprises upto the credit limit of Rs. 10 crores, (as against the present ceiling of Rs. 5 crores), shall also be treated as priority sector advances.
• The above dispensation will remain in force up to March 31, 2014
• All the above

Q - 7 .Electronic Channels in retail banking refers to & &

• ATMs
• Internet Banking
• Mobile Banking
• All the above

Q - 8 .Bank loans to Housing Finance Companies (HFCs), approved by NHB for their refinance, for on-lending for the purpose of purchase/construction/reconstruction of individual dwelling units or for slum clearance and rehabilitation of slum dweller:

• Aggregate loan limit Rs 5 lacs per dwelling unit
• Rs 10 lacs per borrower
• Rs 5 lacs
• Rs 1 lacs

Q - 9 .Husband & Wife jointly raise a loan in April 2005 for constructing a house for self-occupation. The construction was completed in July 2006. They have been paying the housing loan installments on 50:50 Basis from their respective Incomes. During FY 2006-07, they paid Interest of Rs. 3,00,000. The maximum interest which each of them can claim as deduction is & &

• Rs. 1,50,000
• Rs. 1,00,000
• Rs. 75,000
• Rs. 50,000

Q - 10 .What are priority sector targets for foreign banks as per extant guidelines now:

• Foreign banks with 20 or more branches in India, are now at par with Indian banks i.e 40% target
• Foreign banks have 32% targets irrespective of number of branches
• Foreign banks with less than 20 branches in India, have 32% PS target
• a & c

Q - 11 .Types of credit cards issued by banks in general are

• Silver Card
• Gold Card
• Platinum Card
• All the above

Q - 12 .At which stage of product life cycle the customer develop a tendency of indifference to the product?

• maturity stage
• decline stage
• saturation stage
• Both A & C

Q - 13 .Each Debt Recovery Tribunal has & & Recovery Officers

• 1
• 2
• 3
• 4

Q - 14 .To consider the loan amount under housing loan scheme which of the following statements are true? a.The property is jointly held with the spouse and the spouse is co-borrower b.the property is held in single name and the spouse stands as a guarantor the borrower's son or daughter who has a steady income c.the salary is routed through Bank account and joins as a co-borrower d.expected rental less taxes, cess, et, in case the house/flat being purchased is proposed to be rented e. Regular income from all sources can be considered to arrive at total eligible loan amount.

• a, c, d
• a, b, d
• a, d, e
• All the above

Q - 15 .Which of the following is not a Retail Deposit Products?

• Recurring Deposit Account
• Term Deposit Account
• CC/OD account facility to a corporate office
• Current Deposit Account

Q - 16 .Any document other than a will has to be presented for registration within ...... months from the date of its execution. The term 'execution' means signing of the agreement. Under the present rules and regulations, all agreements in respect of a transfer of a immovable property have to be duly stampe

• 1
• 2
• 3
• 4

Q - 17 .Head institutions of public sector banks in Europe are known as & &

• Sparkassen
• Bundesbank
• Landesbanken
• None of the above

Q - 18 .As a Corporate Agent , Banks can distribute the products of & &

• One Life insurer
• One Non Life (general) insurer
• One Life Insurer and One Non Life insurer
• Anyone of the above

Q - 19 .Which of the following country doesn t come under Europe - Non-eurozone?

• Switzerland
• Poland
• Slovakia
• France

Q - 20 .Service charges under Priority sector lending are exempted for loans upto:

• 10000/-
• Rs 15000/-
• Rs 25000/-
• Rs 50000/-

Q - 21 .When the data is available product wise on a stand alone basis, this model is known as ____. i. Horizontally organized model ii. Vertically organized model iii. Predominantly Horizontally organized model iv. Predominantly Vertically organized model

• both i and ii
• both i and iii
• both iii and iv
• both ii and iv

Q - 22 .Which of the following is the enabler for building and translating a customer data base into retail banking business?

• Staff Approach
• Technology
• Cross Selling
• Up Selling

Q - 23 .When the data is not shared with other products and product platform, i.e., the functionality is limited to one product only, this process model is known as ____.

• Horizontally organized model
• Vertically organized model
• Predominantly Horizontally organized model
• Predominantly Vertically organized model

Q - 24 .Mr. Ravi took a Loan of Rs. 20.00 Lacs for purchasing a flat for self-occupation on 30/03/2000 & paid Rs. 1,80,000 towards Interest during FY. 2007-08. The maximum amount of Interest which he can claim as a deduction would be&

• Rs. 1,50,000
• Rs. 1,20,000
• Rs. 1,00,000
• Rs. 30,000

Q - 25 .Minimum amount due (MAD) is calculated at what % of the total current dues of the credit car....

• 5
• 7
• 8
• 10

Q - 26 .Data warehouse is one of the most important backbone of CRM. Which of the following is correct regarding data warehouse ? i. It is a relational database. ii. It is designed for query and analysis rather than for transaction processing. iii. It usually contains historical data derived from transaction date. iv. It enables an organization to consolidate data from several sources.

• i, ii, iii
• i, iii, iv
• ii, iii, iv
• i, ii, iii and iv

Q - 27 .EFMA conducted a study on global market in & &

• 1986
• 1992
• 2002
• 2006

Q - 28 .Which types of the following risks to the customers as well as to banks are carried by the ATMs?

• ATM is a double edged sword increasing the chances of fraudulent withdrawals
• Negative publicity due to break downs
• Cash out situation which reflect in the efficiency of the banks
• All of the above

Q - 29 .Cash Tree (a common networking arrangement) is owned by ......

• UBI
• OBC
• BOI
• SBI

Q - 30 .Loan origination not refers to ......

• Information acquisition,
• Credit appraisal and sanction,
• Disbursement.
• Repayment

Q - 31 .What is sub target for MSE under Priority sector lending ? Pick up the ODD one :

• 40% of total advances to MSME should go to micro units(manufacturing)with investment in P&M upto 10 lacs & services with investment in equipment upto 4 lacs
• 50% to go micro with investment in P&M upto 5 lacs & services upto 2 lacs
• Total 60% to go to MSEs
• 20% to go to Micro (Manufacturing)with investment in P&M above 10 lacs & upto 25 lacs and and services with investment above 4 lacs & upto 10 lacs

Q - 32 .Loans upto ________ to Producer Companies set up exclusively by only small and marginal farmers under Part IXA of Companies Act, 1956 for agricultural and allied activities, is part of ________ agriculture:

• 5 crore direct agri
• 2 crore indirect agri
• 5 crore indirect agri
• 1 crore agriculture

Q - 33 .The factors which are to be taken into account for calculation of Equated Monthly Installment (EMI) are&

• Principal
• No. of years of repayment
• Rate of Interest
• All the above.

Q - 34 .Tie ups are not entered into by banks for bulk sale of the following assets & &

• Home Loans
• Auto Loans
• CC/OD Accounts
• Education Loans

Q - 35 .The process of turning raw data into useful information (so that banks can learn more about the pattern and behaviour of customers) is known as ......

• data warehousing
• data mining
• data clustering
• data purification

Q - 36 .A good branch ambience will result in the following advantages for the bank & &

• Promotes efficiency and smooth flow of services which result in time benefits
• Proper placing of various service facilities enhances internal communication effectiveness
• The comfortable and congenial work environment results in high employee motivation
• All the above

Q - 37 .The maximum number of Mutual Funds that can be distributed by Banks as a Corporate Agent is & &

• One
• Two
• Five
• No Limit

Q - 38 .What is appropriate about targets under DRI scheme ?

• 1% of outstanding as target of DRI
• 2/3rd of DRI to be given through rural & semi urban branches.
• 3/4th to be routed through rural/semi urban branches
• a & b

Q - 39 .Personal Loans are sanctioned by banks based on & &

• Salary in case of employees
• Monthly/Annual Income in case of business
• Number of years of service/in business
• All the above

Q - 40 .The maximum period for Reverse mortgage loan is & &

• 10 yrs
• 15 yrs
• 12 yrs
• 20 yrs

Q - 41 .Securitisation Process involves the following :

• The lender first selects the assets they want to securitise.
• The issuer (Special Purpose Vehicle) makes payment to the lender for the loans securitise
• The assets are converted into a pool of securities by the issuer for the purpose of issuing Pass
• Through Certificate (PTC) and the PTCs are sold to other investors who are willing to invest.

Q - 42 .EFMA conducted a study on global market covering banks in & & Countries.

• 15
• 20
• 25
• 30

Q - 43 .Banks distribute the following types of products in life and non life insurance business & &

• Regular Premium Individual Policies
• Single Premium Individual Policies
• Group Insurance Policies
• All the above

Q - 44 .According to Maslow's Need Hierarchy Theory, needs may be broadly classified as

• Physiological Needs
• Safety Needs
• Social Needs
• All the above

Q - 45 .EMI Reset is applicable in case of

• Fixed loan borrowers.
• Floating rate borrowers
• Both A & B
• none

Q - 46 .In foreign banks and new generation private sector banks, is carried on as a ......

• separate departmental activity
• SBU (Strategic Business Unit)
• either of a or b
• both a and b

Q - 47 .An Individual took a Loan of Rs. 15.00 Lacs for purchasing a flat for self-occupation on 30/03/1999 & paid Rs. 1,20,000 towards Interest during FY. 2006-07. The maximum amount of Interest which he can claim as a deduction would be&

• Rs. 1,50,000
• Rs. 1,20,000
• Rs. 1,00,000
• Rs. 30,000

Q - 48 .Which of the following services are not offered for Internet Banking customers?

• View of Balance and last few transactions
• Transfer of funds between accounts within the bank
• Utility Payment facility payment of insurance premium, telephone bills, energy bills
• None of the above

Q - 49 .Product architecture consists of the following component/s

• The Generic Product - the core product
• The Expected Product - adding additional features
• The Augmented Product- adding value in addition to features
• All the above

Q - 50 .Discounting is used to determine

• the future value of present cash flows
• the present value of future cash flows
• Either a or b
• None of the above

Prv Next Finish Test

Click here to download our mobile app

Click here for jaiib study material 

Learing license Driving licence test

Learing license Rto exam test

Click here for Latest government jobs