Three to Four Recalled 19092010

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Canara Bank RSTC Gurgaon/Hyderabad

Recalled Questions 19.09.2010 Exam for Scale 3 to 4

1. Record of AML / KYC documents should be kept for _______ Answer: 10 years from the date of cessation of relationship.

2. Canara Trade : Stock Statement periodicity for above Rs.50 lacs: Ans: Quarterly3. RTGS Timings for customer transaction on normal days and on Saturdays: Ans: 9 am to 4-30 pm & 9

am to 1-30 pm4. Maximum quantum of loan that can be sanctioned under DIR-Indira Awas Yojana: ans: Rs.20,000/-5. Forex Reserves as on middle of August, 2010 :6. Premises Rent : Allocation between rent & maintenance: Ans: 80:207. RFC Term Deposit : Minimum and Maximum period: 1 Month & 3 years8. Interest on NRE Term Deposits: Ans: LIBOR/SWAP Plus 175 bps9. Immediate Credit of clean instrument without waiting for proof of pass sheet credit (other than Dollar ):

Ans: USD 10,00010. Unspent forex to be surrendered to AD with in: Ans: 180 days

11. RRB DD maximum amount that can be drawn on Canara Bank: Ans: Max.Rs.5 lakhs per day per party12. Periodical updation of customer data as per KYC guidelines: Ans: Low Risk once in 5 years andMedium, High Risk: 2 years

13. Non Wilful defaulters paying less than the realizable value what is the formula: Ans: Book Liability ason cut off date plus Base rate + 1%.

14. As per PMLA rules, in case of Non Customer Transactions - either single or series of transactionsexceeding Rs_______ and above are subjected to Due Diligence : Ans: Rs.50,000/-

15. What is the rate of discount in case of Sub Ordinate Debt Instrument, to quality under Lower Tier IICapital, which is maturing in 30 months : Ans: 60%

16. Value added services for IMB customers SMS alerts for Credit transactions of Rs._____ and above:Ans: Rs.10,000/-

17. Risk Weight in case of Consumer Credit: Ans: 125%18. Penal Interest for QOS/HOS : Applicable category of Borrowers and Penal Interest: Ans: Fund BasedWC limits for Rs.5 cr and above, 1% penal interest

19. Waiver of Status Report for Foreign Buyer ( in exports) without LC : Ans: DA Basis : Rs.10 lakhs, DPBasis: Rs.20 lakhs

20. Life Insurance Cover Creditor Protection Plan of M/s Canara HSBC OBC Life Insurance CompanyLimited Under Group Insurance: No medical check up for age group 18-35 years: Ans: Rs.25 lakhs

21. What is the subsidy for individual beneficiary under SJSRY USEP: Ans: 25% of project cost withmaximum Rs.50,000/-

22. Gold Loan Re Appraisal Charges: Ans: 30 paise per Rs.100/- with maximum Rs.100/-23. Maximum withdrawals under SB and charges if exceeds the limit: Ans: 50 withdrawals per half year

free of cost. Exceeding 50, charges of Rs.1/- per withdrawal min.Rs.5/-24. Which is not classified under Commercial Estate: a) Shopping Complex b) Integrated Town ship c)

Property linked to rental income d) Individual's loan for self occupied office Ans: d25. In case of failure of transactions thorugh ATM, if customer complains, we have to re credit with in 12

days. Other wise, what is the compensation: Ans: Rs.100/- per day26. Encashment of Foreign Currency for Residents and for foreign tourists/NRIs, by way of cash payment:

Ans: US$1000 for residents, US$3000 for foreigners/NRIs27. What is provisioning requirement for Sub Standard Assets Secured and Clean: Ans: 10% and 20%28. Provisions towards Standard Assets to be shown Tier II Capital under which head: Ans: Other

Liabilities and Provisions29. Roles & Responsibilities of Circle Level Help Desk(cir 89/2010) : (a) To resolve simple day to day

operational problems. (b) Cash Management of Branches c) Help to branches in CBS related issues (d)All the above. Answer: d

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30. Sale of NPA by purchasing bank after: Answer: 15 months.31. After receiving possession notice under SARFAESI, borrower can approach DRT by paying

___________ Answer: NO amount is to be paid.32. CIBIL's CIR is applicable to: Answer: Priority more than 2 lacs and NP > Rs.1 lacs.33. Current Ratio for take over: 1.33 / and 1.25 for T/o method.

34. LAS package Version 2 which report is not available to branches? Answer: Company's financialposition.

35. Garnishee order is served on a person who has 4 accounts as under: SB in personal Name; TD inpersonal name maturing in Oct next ; Joint account with his wife; another account in his name as trusteeof a Mandir. Which can be attached? Answer: Individual and TD.

36. Considering the importance of Co-operative Bank deposits in augmenting the deposit base, notionalweightage is permitted to term deposits from co-operative banks towards reckoning of targetachievement, subject to which of the following: (a) Minimum amount of Rs. 25 lakh. (b) Minimumperiod of 3 months. (c) 50% of the quantum of term deposit outstanding over and above the leveloutstanding as on 31.03.2010 (d) All the above. ( Cir.151/2010 ) Answer: (d) All the above.

37. For Ex-employee Senior citizens (60 years and above), an additional interest rate of 0.50% over andabove their eligibility for preferential rate of 1.00% (as detailed in Cir.15/2009) , is to be extended for domestic term Deposits of less than ______________, in the maturity slab of _____________ andabove. ( Cir.218/2010 ) Answer: Rs.1 crore // 5 years.

38. Interest subvention on crop loan upto 3 lacs for the year 2009-10: 2% interest subvention and 1%prompt payment subsidy.

39. The Basel II Framework has three components or ___________ Pillars. And the second pillar is ______.Answer : three // Supervisory Review Process (SRP).

40. BASEL 2 Standardised Approach (SA) for credit risk and Banks shall apply the_____________________ for computing capital requirement for market risks. Answer: StandardizedDuration Approach (SDA)

41. Valuation of Current Assets by External Valuers Stock Audit (Cir.71/2010) . For Unrated accounts thecut off limit shall be _________________ and above and yearly for standard and sub standard accountsand once in __________ years for Doubt full accounts. Answer: Rs.1 crore // two

42. Which is not exempted categories for pricing with reference to Base Rate: (a) DRI advances (b) Loans tobank's own employees (c) Loans to bank's depositors against their own deposits. (d) Loans up to Rs.2lacs. (Cir.217/2010) Answer: (d) Loans up to Rs.2 lacs.

43. Rupee export credit Interest subvention of 2% eligible for 2010-11 to 8 export sectors: Which of thefollowing is not eligible? (a) Handicrafts, (b) Handlooms (c) Gems and Jewellary (d) EngineeringGoods. Answer: Gems and Jewellary.

44. Post-shipment Advances against Duty Drawback Entitlements: Eligible for concessional ROI andrefinance from RBI up to a maximum period of _____________ _____ from the date of advance.

Answer: 90 days.45. MSE OTS : Payment Conditions: In deserving cases where borrowers are unable to pay the entireamount in one lump sum, Bank may consider recovering _________% of the amount of settlementupfront at the time of sanction and the balance amount should be recovered within a period of ________ months from the date of sanction (without interest) Answer: 25% // 3 months.

46. Which of the following are the features of Canara bank Debit card differs from non personalized cardAnswer: Validity period 3 years // Name not mentioned.

47. Business facilitator: Security deposit for individual and institutions: Rs.10000/- and Rs.1.00 lacs.48. MSME micro enterprise targets for 2010-2011 and 2011 -2012: 50% // 55%49. Canara Mobile 4 wheelers eligibility: Rs.1.50 lacs // 40% NTH50. New farmers How to identify? Answer: Declaration by farmer.

51. If an account is overdrawn by Rs._____ due to FTV debit, it will be temporarily blocked: answer:Rs.500/-

52. Canara Rent Quantum: Answer: 75% Rent receivables TDS and Advance received.2


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53. Tenanted properties to be discouraged for EMT. Which one is exempted from this? Answer: CanaraRent.

54. Fraud of more than Rs.2 Crores with prima facie evidence of staff involvement. It has to be reported to :Answer: CBI-Anti corruption bureau.

55. PMEGP subsidy is to kept in: Answer: Term Deposit Receipt for 3 years No interest.

56. CDR 1 and CDR 2 accounts: Answer: Standard & Substandard // Doubtful57. In case of Bill of exchange, drawers responsibility: Answer: Primary till acceptance by drawee and

secondary after acceptance by drawee.58. A cheque is presented with words and figures differ. As per section 18 of NI act what should be done by

bank? Answer: Pass the amount as per words.59. An account is to be classified as NPA if: Interest is not paid for _____________(30 /60/90) days from

the date of _____________ (debit / quarter end) answer: 90 days // debit.60. Classification in Priority of loans given to Repairs to House upto __________in rural and semi urban

areas and upto Rs._______________ in urban and metro. Answer: Rs.1 lacs / Rs.2 lacs.61. Working capital limits more than 25 crores may be assessed under: Cash budget or MPBF as per the

choice of borrower.62. Educational loan repayment holiday: 24 months from the course completion or 6 months from getting

job whichever is earlier.63. What is the loan for individual and group under Micro Credit Group? Answer: Rs.50000/- and Rs.5 lacs.64. Auto Renewal of Deposit exempted not applicable to: Minor / Encumbered deposit / Instruction

otherwise given by party / All the above. Answer: All the above.65. RD minimum period and multiples thereof: answer: 6 months and 3 months.66. Rupee Post-shipment Export Credit Period: In case of usance bills, credit can be granted for a

maximum duration of ______________days from date of shipment inclusive of Normal Transit Period(NTP) and grace period, if any. Answer: 365.

67. Loan Scheme For Reimbursement Of Investment Made In Fixed Assets By SMEs -Quantum of Loan for old machinery and age Answer: Maximum of Rs 15 lakhs for second handmachinery which is not more than 2 years old.

68. The bank shall, unless it has preferred an appeal, within __________ from the date of _________________ by the complainant, comply with the Award and intimate compliance to theBanking Ombudsman. Answer: one month // receipt by it of the acceptance in writing of the Award.

69. Janashree Bima Yojana: Death cum Disability insurance scheme by LIC of India. Coverage: Naturaldeath Rs.30000/- , Death due to accident Rs.75000/- .

70. Interest Subsidy Scheme For Housing The Urban Poor (ISHUP) : Loan quantum Upto_____________ for EWS and ______________ for LIG. Answer: Rs.1 lakh loan // Rs.1.60 lacs.

71. Preparation of bilingual training material C Regions Answer: 100%72. The words about or approximately is used in connection with the amount of the credit or the

quantity or the unit price stated in the credit are to be construed as allowing a tolerance not exceeding_____ _________ than the amount, the quantity or the unit price to which they refer. Ans: 10% more or 10% less.

73. A cheque signed by agent is presented for payment after his death. What should the bank do: Answer :The cheque will be paid if otherwise in order

74. Under the Basic Indicator Approach, banks must hold capital for operational risk equal to the averageover the previous __________ years of a fixed percentage (denoted as alpha) of positive annual grossincome. The percentage is _______ Answer: three // 15%

75. NEFT return timings: Batch + 2 hours.76. Canara Kisan OD Ceiling per acre mortgaged: _________ subject to ___________ of value of

mortgaged landed property. (Cir.189/2010) Answer : Rs.1.50 lakh per acre // 50%.

77. Scheme for Re-imbursement of service charge + service tax levied on petrol transaction done throughCanara Credit cards" Cir. 235/2009 Minimum turnover on purchase transaction (including petrol

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transactions) done through the card during the billing month shall be ______________ Answer: Rs2,500/-.

78. Dishonor of Cheque of Rs.1.00 crores and less 6 times will attract which of the following actions?Answer: Cheque book stopped. Account may be closed. One time fees of Rs.1000 is not there.

79. Loan to value ratio is more than 75% in HL. What is the risk weight? Answer: 100%

80. Wherever we are leaders in the consortium, the lead bank fee is to be collected on the total fund based___________ limits from the consortium as a whole at the rate of _________% p.a. i.e. the charges tobe collected normally. (Cir.68/2010) Answer: working capital credit // 0.30%

81. Current Assets 600/- ; Long term sources 600/- ; Total balance sheet total one side Rs.1000/- Whatis CR and NWC? Answer: CR 1.5 // NWC 200

82. DSCR calculation: PAT 100/- ; Income tax 30; depreciation 50 ; Interest on term loan 50/- ;installment on TL 75%; answer: 1.60

83. Classification of branches: Average aggregate deposits and advances of Rs.120 crores and 40 croresrespectively. The classification is______ Answer: VLB.

84. DPG commission > 2 years. Permission for payment annually if minimum amount is more than_________ and first shot is _____________.

85. Collection of DPG Commission in instalments: Collection of Commission on DPGs/Co-acceptance of bills on deferred basis may be permitted in exceptional cases. In case of DPGs of duration/bills co-accepted with usance of more than 2 years and where the total commission chargeable is________________, the amount of commission may, at the discretion of sanctioning authority, becollected in instalment at the specific request of the party. The first of such instalment shall not be lessthan __________________ and the balance of commission should be collected in equal instalmentspayable at the commecement of each subsequent year. (Source: TL Manual) Answer: Rs.1 lakh or over // Rs.25,000/-.

86. Banks may shift investments to/from HMT with the approval of the Board of Directors_______________. Such shifting will normally be allowed at the beginning of the accounting year. Nofurther shifting to/from HTM will be allowed during the remaining part of that accounting year.Answer: once a year.

87. Under canara jeevan, the maximum loan for independent house and flats: Rs.50 lacs and 25 lacs.88. Rs.80 lacs MSE loan sanction to women entrepreneur. In case of default CGMSE cover is available for :

Answer: Rs.55 lacs.89. Indirect finance to agriculture under custom service units can be given upto a maximum of

Rs.______________ Answer: Rs.50 lacs. Refer : AC and ABC.90. Term loans other than infrastructure but more than Rs.100 lacs. What is the FACR? Howmuch can be

relaxed? Answer: 1.33 // 1.2091. Adhoc overlimit time period? Answer: 10 days in a row and 15 days in a month.92. SME debt restructuring What is amount upto which branch can do viability study beyond which panel

valuer/ chartered account etc will prepare the same? Answer: Rs.25 lacs.93. Housing loan reimbursement by GM upto what % of loan quantum and period less than _______ Answer: 25% // 3 months.

94. Upper Tier II instruments shall be subjected to a clause in terms of which the issuing bank shall not beliable to pay either interest or principal, even at maturity, if I. the bank's CRAR is below the minimumregulatory requirement prescribed by RBI; OR II. the impact of such payment results in bank's capitalto risk assets ratio (CRAR) falling below or remaining below the minimum regulatory requirementprescribed by Reserve Bank of India. (c) Issue upto 10% of Tier I capital Answer: Both (a) and (b)

95. Terms and Conditions Applicable to Innovative PerpetualDebt Instruments (IPDI) to Qualify for Inclusion as Tier I Capital: The total amount raised by a bank through innovative instruments shall not exceed _____________ per cent of total Tier I capital. Not

more than _______________ per cent of the eligible amount can be issued in foreign currency.Answer: 15 // 49.

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96. Cash Reserve Ratio: In terms of Section 42 (1) of the Reserve Bank of India Act, 1934 the Reserve Bank having regard to the needs of securing the monetary stability in the country, prescribes the CRR for Scheduled Commercial Banks (SCBs) _______________________. Answer : without any floor or ceiling rate.

97. SGSY: For all individual loans exceeding _______________ and group loans exceeding

_________________, in addition to primary security such as hypothecation / mortgage of land or thirdparty guarantee as the case may be, suitable other secondary collateral security may be obtained at thediscretion of the bank. Answer : Rs.1 lakh // Rs.10 lakh.

98. Deposit closed before maturity before completion of 46 days. What is the applicable rule? (a) Penalty1% (b) Penalty 2% (c) No penalty (d) ROI for period run 1% Answer: (c).

99. What is the RBI rule regarding writing of Nomination details in pass book? Answer: Written only withthe consent of customer.

100. Which of the following is not part of Tier II capital? Floating provisions // Provision for Standardasset // disclosed free reserves. Answer:

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Three to Four Recalled 19092010

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