1. Banks are required to submit CTR (Cash Transaction Report) to ___ within ___ of succeeding month.
a) FIU, 30 days
b) FIU, 15 days
c) FIU, 7 days
d) RBI, 7 days
e) RBI, 15 days
2. Premium payable on deposit insurance on every Rs.100 per annum is
a) 10 paise
b) 5 paise
c) 25 paise
d) 50 paise
e) None
3. Which of the following can’t be a nominee?
a) Illiterate Person
b) Minor
c) NRI
d) HUF
e) None
4. In case of dishonor of cheques on financial grounds, the holder is required to issue notice to the drawer within ___ days to claim remedy under section 138 of NI Act?
a) 7 Days
b) 30 Days
c) One Year
d) Three Years
e) None
5. National Payment Corporation of India (NPCI) has set up payment network to enable the member banks to issue Domestic Payment Cards with a brand?
a) Visa Card
b) Master Card
c) Prepaid Card
d) RuPay
e) Travel Card
6. Permanent Account Number (PAN) is mandatory for
a) Bank transactions (cash) of Rs. 50000/- & above
b) Purchase and sale of shares/ debentures/bonds of Rs. 50000/- & above
c) Purchase and sale of immovable property where the value of the property is Rs. 5 lakh & above
d) a & c
e) All
7. High Debt Service Coverage Ratio (DSCR) indicates?
a) Unable to meet the installment obligations
b) Able to meet payment of installments comfortably
c) Liquidity problem
d) a & c
e) None
8. Which of the following statement is not true with regard to Capital Gains Deposit Scheme?
a) Income Tax Assess who are eligible for exemption under section 54 of the IT Act are alone can open account with Banks
b) Accounts can be opened under Savings, Fixed and Term Deposits
c) Cheque book can be issued to eligible accounts.
d) No lien or deposit loan is allowed against such deposits
e) None
9. Which of the following statement is not correct with regard to Tax Saver Scheme of Banks?
a) Tax exemption is available for the deposit amount under section 80C of IT Act
b) Period of deposit is allowed up to 5 Years
c) TDS is applicable, if interest payment is above Rs.10000/- in a financial year
d) Maximum amount of deposit allowed is Rs. 5 lakhs
e) c & d
10. Financial statements includes
a) Balance Sheet
b) P & L
c) Cash & Funds Flow
d) a & b
e) a, b & c
