IOB PROMOTION EXAM 2023-24 Jan 11, 2024Jan 18, 2024 Mock Test on Recollected Questions from Misc Topics Start QuizPage 1 of 24 Bank will ensure filing of STR within ….. Days of arriving at conclusion by the Principal Officer of the Bank that any transaction is/are of suspicious nature 3 Days 5 Days 7 Days 15 Days 30 Days Page 2 of 24 The Exposure Ceiling Limit of Rs.100 crores fixed for Single Trust/ Society and 3% fixed for aggregate Trust/ Society accounts are not applicable for exposure of Trusts/ societies which are? Externally rated AAA Externally rated AA guaranteed by State/ Central governments or promoted or supported by state/ central government Externally rated BBB 1 & 2 All of the above Page 3 of 24 Under SPGRS what is the time limit ( in days) for redressal of complain related to Deficiency in normal banking service? 7 <=7 15 <=30 30 Page 4 of 24 Legal Entity Identifier ( LEI ) number is mandatory for all payment transactions of Rs…….. Crore & Above undertaken by entities ( non individuals ) Rs. 1 crore Rs.5 Crore Rs.10 Crore Rs.25 Crore Rs.50 Crore Page 5 of 24 District Commission shall have jurisdiction to entertain complaints where the value of the goods or services paid as consideration does not exceed? One Lakh Rupees Ten Lakh Rupees Ninety Lakh Rupees Fifty Lakh Rupees NOA Page 6 of 24 Under RTI, In Case of life and death issues the information is to be provided within 24 Hours 36 Hours 48 Hours 5 Days None of the above Page 7 of 24 What is the maximum amount of compensation that the RBI ombudsman can award 1 Lakh Rs. 5 Lakh Rs. 10 Lakh Rs. 20 Lakh Rs. 50 Lakh Page 8 of 24 Under LEF, The sum of all the exposure values of a bank to single counterparty must not be higher than __% of the bank’s available eligible capital base at all times 10 % 20% 25% 50% NOA Page 9 of 24 The loans proposed to be taken over from the Bank/ FI should have minimum ____ of regular repayment History from the date of first repayment 6 M 12 M 15 M 24 M NOA Page 10 of 24 under consortium, Due diligence report from Dun & Bradstreet, CRISIL is waived for purchase of Machineries / Equipment's? Limits up to Rs 50 Lakh or 5% of total cost. Limits up to Rs 25 lakh or 5% of total cost All limits up to Rs 1 crore All priority Advances NONE OF THESE Page 11 of 24 Normally permitted lending limit (NPLL), means ___ of the incremental funds raised by the specified borrower over and above its ASCL as on the reference date, in the financial years (FYs) succeeding the FY in which the reference date falls? 25 % 50 % 60 % 75 % NOA Page 12 of 24 Loan delivery system is applicable to....? WCDL limit up to Rs 10 crore WC limits upto Rs 25 crore WC limits up to Rs 100 crore WC limits of Rs 150 crore & above NOA Page 13 of 24 Fresh proposals for sanction of credit limits to be referred to New Business Committee (NBC) are? Above Rs.10 crore for FB+ NFB and above Rs.7.50 Cr only NFB Above Rs.10 crore for FB and above Rs.5 Cr only NFB Above Rs.15 crore for FB+ NFB and above Rs.7.50 Cr only NFB Above Rs.15 crore for FB+ NFB and above Rs.5 Cr only NFB NOA Page 14 of 24 For the Green field projects, consultants can be engaged for TEV Study for the projects of? Rs.10.00 crore and above Rs.25.00 crore and above Rs.50.00 crore and above Rs.100.00 crore and above NOA Page 15 of 24 Sanction of Fresh credit facilities to Accounts having only credit card NPA of our/other bank, the delegation will be? Branch RLCC & ABOVE HLCC (GM) & ABOVE MCB one layer higher than the sanctioning authority under whose discretionary power the proposed limit falls Page 16 of 24 What is IFRS in financial parlance Indian Foreign Revenue Service Indian Foreign Service Regulation Indian Financial Reporting system International Financial Reporting System Indian Financial Service Regulation Page 17 of 24 What is Revenue reserve? Accruing out of non- operating profit Reserve created to buy plant & machinery Reserve to pay tax libalities Reserve created from the net profit /Retained earnings and part of net worth Page 18 of 24 If Total Asset:40 lakhs, Current liabilities: 20 Lakhs , Capital & reserve : 10 Lakhs. Calculate DER 1:1 1.5:1 2:1 1.75:1 NOA Page 19 of 24 For a MSE unit with a turnover of Rs.10 crores and with a normal turnover of Rs.7.50 crores and a digital turnover of Rs.2.50 crores, what is the minimum permissible Bank Finance? Rs.2.00 Crore Rs.2.50 Crore Rs.2.36 Crore Rs.2.63 Crore NOA Page 20 of 24 What is the maximum Time line of settlement of claims in case of lockers subject to the production of required proofs and documents with reference to nomination. not exceeding 15 days from the date of receipt-of the claim not exceeding two weeks from the date of receipt-of the claim not exceeding one month from the date of receipt-of the claim not exceeding 30 days from the date of receipt-of the claim not exceeding 45 days from the date of receipt-of the claim Page 21 of 24 What is the minimum & maximum limit of investment in senior citizen scheme Rs 1000 & Rs 15 Lakhs Rs 1000 & Rs 30 lakhs Rs 10000 & Rs 30 lakhs Rs 10000 & Rs 15 lakhs NOA Page 22 of 24 What is minimum amount of deposit in PPF account in a financial year ? Rs 250 Rs 500 Rs 1,000/- Rs 10,000/- Rs 1,50,000/- Page 23 of 24 olericulture is the study of? Orange Fruits Vegetables Aromatic Crops Page 24 of 24 In DCCO , O stands for? Optimization Organisation Operation Obligation
