11. As per Bank’s Policy, Bank shall not execute a B G
a) Covering inter company deposits/ loans there by guaranteeing refund of deposits/loans accepted by NBFC from other NBFC
b) For the purpose of indirectly enabling the placement of deposits with NBFC
c) A or b
d) a & b
12. Bank can issue guarantee on behalf of stock/share brokers or commodity brokers. However margin to be maintained on such B G is
a) 25%
b) 30%
c) 50% by way of security of share
d) 25% by way of cash & 25% by way of security of share/stock
13. Bank can issue guarantees for export under FEMA regulations in favour of overseas buyer, however if the applicant is in the list of cautioned list of exporters
a) prior approval from RBI is necessary
b) Prior approval from RBI is not necessary and Bank can reprt to RBI within one month from issuance of such B G .
c) Prior approval from RBI is not necessary and Bank can reprt to RBI within 90days from issuance of such B G .
d) Bank can not issue such guarantee
14. As per Banks Policy for issuance of Bank Guarantee shall be issued in
a) Duplicate
b) Triplicate
c) quadruplicate
d) a or c
15. As per Bank’s Policy if B G issued for Rs 10000 and above shall be signed by
a) Branch Manager/Chief Manager
b) Branch Manager or other Officer
c) Branch Manager and Officer Jointly
d) a or b
16. As per Bank’s policy while issuing B G serial numbered security paper shall be used. The sr No should contain
a) 4 digit branch code, BG Sr,No., Financial Year
b) BG Sr No., Financial Year
c)BG Sr No. Name of the Branch , Financial Year
d) b or c
17. In case of Bank Guarantee where validity has expired, which statement is correct?
a) Can be renewed after expiry by giving extension/renewal letter either by applicant/ beneficiary
b) Can be extended by issue of fresh guarantee bond only
c) a or b
d) a & b
18 Bank may considered the request from applicant for cancellation of B G before expiry of validity period on
a) Receipt of returned of the original B G
b) Related original guarantee bond need not be returned
c) Related guarantee bond is returned duly discharged by the beneficiary
d) Separate letter from beneficiary confirming that guarantee is released and there is no liability to bank under that guarantee.
e) c or d
19. Bank Guarantee which has expired needs to be cancelled in the books of the Bank. For this
a) Beneficiary returns original B G duly discharged
b) Beneficiary should give letter stating that he has discharged bank from its obligation under the B G
c) Bank can send notice to the beneficiary and after expiry of 60 days from the date of notice does not receive any response from the beneficiary can be treated as cancelled
d) All the above
20 The borrower account who enjoys B G limit without ay funded working facilities shall be review at least once in a year where
a) Such exposure is above Rs 10 lakh
b) Such exposure is above Rs 50 lakh
c) Such exposure is above Rs 100 lakh
d) Such exposure is above Rs 25 lakh
Other Parts
Off Balance Exposure Part 1
a) Covering inter company deposits/ loans there by guaranteeing refund of deposits/loans accepted by NBFC from other NBFC
b) For the purpose of indirectly enabling the placement of deposits with NBFC
c) A or b
d) a & b
12. Bank can issue guarantee on behalf of stock/share brokers or commodity brokers. However margin to be maintained on such B G is
a) 25%
b) 30%
c) 50% by way of security of share
d) 25% by way of cash & 25% by way of security of share/stock
13. Bank can issue guarantees for export under FEMA regulations in favour of overseas buyer, however if the applicant is in the list of cautioned list of exporters
a) prior approval from RBI is necessary
b) Prior approval from RBI is not necessary and Bank can reprt to RBI within one month from issuance of such B G .
c) Prior approval from RBI is not necessary and Bank can reprt to RBI within 90days from issuance of such B G .
d) Bank can not issue such guarantee
14. As per Banks Policy for issuance of Bank Guarantee shall be issued in
a) Duplicate
b) Triplicate
c) quadruplicate
d) a or c
15. As per Bank’s Policy if B G issued for Rs 10000 and above shall be signed by
a) Branch Manager/Chief Manager
b) Branch Manager or other Officer
c) Branch Manager and Officer Jointly
d) a or b
16. As per Bank’s policy while issuing B G serial numbered security paper shall be used. The sr No should contain
a) 4 digit branch code, BG Sr,No., Financial Year
b) BG Sr No., Financial Year
c)BG Sr No. Name of the Branch , Financial Year
d) b or c
17. In case of Bank Guarantee where validity has expired, which statement is correct?
a) Can be renewed after expiry by giving extension/renewal letter either by applicant/ beneficiary
b) Can be extended by issue of fresh guarantee bond only
c) a or b
d) a & b
18 Bank may considered the request from applicant for cancellation of B G before expiry of validity period on
a) Receipt of returned of the original B G
b) Related original guarantee bond need not be returned
c) Related guarantee bond is returned duly discharged by the beneficiary
d) Separate letter from beneficiary confirming that guarantee is released and there is no liability to bank under that guarantee.
e) c or d
19. Bank Guarantee which has expired needs to be cancelled in the books of the Bank. For this
a) Beneficiary returns original B G duly discharged
b) Beneficiary should give letter stating that he has discharged bank from its obligation under the B G
c) Bank can send notice to the beneficiary and after expiry of 60 days from the date of notice does not receive any response from the beneficiary can be treated as cancelled
d) All the above
20 The borrower account who enjoys B G limit without ay funded working facilities shall be review at least once in a year where
a) Such exposure is above Rs 10 lakh
b) Such exposure is above Rs 50 lakh
c) Such exposure is above Rs 100 lakh
d) Such exposure is above Rs 25 lakh
Answers
|
|||||||||
1 b
|
2 b
|
3 d
|
4 c
|
5 d
|
6 e
|
7 b
|
8 d
|
9 b
|
10 b
|
11 d
|
12 d
|
13 a
|
14 b
|
15 c
|
16 a
|
17 b
|
18 e
|
19 d
|
20 d
|
Other Parts
Off Balance Exposure Part 1
Post Category :
Banking
,
Core Banking System
0 Comments For " Off Balance Exposure Part 2 "