deposits objective07 08

7/18/2019 Deposits Objective07 08

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DEPOSITS

1. A Minor can be permitted to open SB a/c provided the age of ____________

(a) 10 yrs. (b) 12 yrs (c) 15 yrs (d) 16 yrs

2. When a new account is opened, a letter of thanks is sent to the introducer ifhe has not called on the Bank, to ensure _______________(a) that the introducers’ signature is not forged (b) bonafides of the depositor

(c) legal protection under the NI Act

3. What is the maximum deposit that can be accepted in SB a/c in the sole nameof the minor ?(a) Rs25,000/- (b) Rs.20,000/- (c) Rs.100000/- (d) Rs.200000/-

4. What is the minimum and maximum amount to which Savings Bank chequecan be drawn?(a) Rs.50 and no limit (b) Rs.5 and Rs.2,500 (c) Rs.10 & Rs.5000 d) None

5. Branches have to obtain periodical confirmation of balances from thecustomer furnishing power of attonery every _____ yearsa) 6 months b) 1 year c) 2 year d) obtained once is sufficient

6. What is the minimum amount of interest payable on Savings Bank a/c ?(a) Rs.5 (b) Rs.3 (c) Rs.2 (d) Rs.1

7. In the case of joint account held by A,B & C with nomination ‘D’ on the deathof A nomination can be changed by ____________(a) surviving depositors B & C (b) legal heirs of A and surviving depositors B & C

(c) Nominee D (d) no change in nomination is acceded to.

8. Unclaimed Pass books to be entered in separate folio of(a) Sundry Document Register (b) Branch Document Register(c) Pass Book retained Register (d) None of these

9. What is the pre-mature payment penalty under Super Saver Term DepositScheme?

(a) 0.50% (b) 0.75% (c) 1.00% (d) 1.50%10. Name of the nominee can be entered in the Savings Bank pass book

(a) not permitted under IBA guidelines(b) permitted only if a specific letter is obtained from the depositor and kept

along with the nomination form.(c) only if the client has other account like TDR(d) permitted after approval by the controllers, irrespective of the account.



11. Accounts in the name of companies can be opened without certificate for

commencement of business in the case of ______________(a) Public Limited Companies(b) Public Limited Companies with an authorised share capital of Rs.1 crore

(c) Private Limited Companies(d) None of these

12. In a partnership firm there are 2 adult partners and 2 minors have beenadmitted to the benefit of the partnership. In this case, the partnership letterwill be signed by ________________(a) adult partners only(b) adult partners and minors(c) adult partners and guardians of minors on behalf of minors(d) adult partners and consulated attorney of the minors

13. What is the minimum balance required for opening of current a/c in the nameof individual in rural centres ?(a) Rs.300 (b) Rs.2,500/- (c) Rs.750 (d) Rs.1,000

14. What is the minimum balance to be maintained in Savings Bank account withcheque facility in Branches in Urban Centres ?(a) Rs.250/- (b) Rs.500 (c) Rs.1,000/- (d) Rs.5,000/-

15. Branches reaching min. threshold premium of Rs.5 lacs in selling individualpolicies during a year are eligible for an award of Rs._____(a) 1000 b) 2000 c) 3000 d) 5000

16. Under KYC norms all transactions upto Rs. ____ lacs are exempted from thepurview of scrutiny/reporting.(a) 5 b) 10 c) 15 d) 20

17. What is the minimum amount that can be accepted in term deposit ?(a) Rs.50/- (b) Rs.100/- (c) Rs.500/- (d) Rs.1000/-

18. The maximum amount that can be accepted in TDR in the minor’s sole name(a) Rs.10,000/- (b) Rs.200000/- (c) Rs.50,000/- (d) Rs.1,00,000/-

19. Special Term Deposits are accepted for minimum period for ___________(a) 6 mths (b) 9 mths (c) 12 mths (d) 24 mths

20. Payment of proceeds of term deposit receipt maturing on Sunday/BankHoliday is made on next working day. What is the rate of interest allowed onthe deposit for the holiday period ?(a) interest as applicable to SB a/c(b) interest at the original contract rate(c) interest as applicable to 46 days deposit



21. The request of joint holders of a TDR for splitting the deposit in the name of

each of the joint holder be considered by the Bank provided.(a) the period of deposit does not undergo a change(b) the aggregate amount of deposits remain with the Bank

(c) Both (a) & (b)(d) Not at all considered

22. The request of the legal heirs for payment of TDR standing in the name ofdeceased. Before maturity date , can be allowed......(a) on levy of penalty (b) without levy of penalty(c) paid only on maturity date (d) by forfeiture of interest

23. Penalty recovered for delayed payment of instalments in RD account shouldbe credited to ____________(a) Interest account (b) RD interest account

(c) Commission account (d) Charges Account under ‘Interest’

24. While renting lockers, atleast _____________% of the lockers should beallotted by Branches on first-cum-first served basis(a) 60% (b) 80% (c) 90% (d) 95%

25. Under KYC norms the threshold limit of transaction will bea) 25 % of the annual income or Rs.10 lacsb) 35 % of the annual income or Rs.10 lacsc) 45 % of the annual income or Rs.10 lacsd) 50 % of the annual income or Rs.10 lacs

26. What is the amount to be recovered from hirer of a safe deposit locker in thecase of loss of key in addition to actual expenditure for breaking open thelocker & changing the key ?(a) Rs.50/- (b) Rs.500/- (c) Rs.100/- (d) Rs.200/-

27. The Deposit Insurance & Credit Guarantee Corporation covers the Depositupto a max. amount of(a) Rs.50,000/- (b) Rs.30,000/- (c) Rs.75,000/- (d) Rs.1,00,000/-

28. The Premium Paid to deposit Insurance Credit Guarantee Corporation for theguarantee cover on deposit is(a) 3 paid per 100/- (b) 4 paise per 100/-(c) 5 paise per 100/- (d) 6 paise per 100/-

29. In the case of Limited companies, for opening of A/cs(a) branches need not obtain photographs of depositors(b) photograph of MD to be obtained(c) photograph of secretary to be obtained(d) photograph of person authorised to open/operate the a/c to be

obtained



30. A fixed Deposit receipt can be(a) Assigned (b) Endorsed (c) Negotiated (d) Transferred

31. Banks generally insist that the first transaction in a running account should bea cash transaction(a) It is a long established practice(b) To confirm to RBI directives(c) A measure of precaution(d) With a view to qualifying for statutory protection under section 131 of NI

Act

32. When the maturity value of TDR is Rs.20,000/- and above. It should be paid(a) Other than by cash (b) Through depositors a/c(c) By way of Draft or a/c payee cheque (d) All the above

33. What is the penalty for delayed payment of instalments in RD a/c for 5 yearsand less(a) 5 paise per rupees five per month (b) 6 paise per rupees five per month(c) 10 paise per rupees five per month (d) Rs.1.50 for every Rs.100 p.m.

34. What is the penalty to be charged for exceeding stipulated 30 debits otherthan alternate channel in SB a/c in a half year ?(a) Rs.15/- per entry (b) Rs.10/- per entry(c) Rs.50/- per annum (d) Rs.20/- per annum

35. The bank reserves the right to close the inoperative SB account when(a) The balance falls below Rs.500/-(b) The balance falls below Rs.50/- after due notice to the customer( c ) The balance falls below minimum balance after due notice to thecustomer(d) Can not close unilaterally

36. What is the amount of loan that can be sanctioned under Capgains Plus ?(a) 75 % of the accrued value (b) 80 % of accrued value

(c) 90 % of accrued value (d) No loan can be granted

37. Renewal of matured TDRs/STDRs will be done(a) For the full amount (b) In multiples of Rs.100/- (c) Direct renewal not done

(d) In multiples of Rs.100/- and the balance credited to SB account/BC

38. Processing charges are recovered in overdraft against gold loan at _____________ intervals(a) Yearly (b) Once at the time of sanction(c) No processing charge (d) Half yearly



39. When annual test check is done, the accuracy of calculation will not be

verified if the difference in the interest calculation will not be verified if thedifference in the interest calculation does not exceed ____________ in eachsection

(a) Rs.500/- (b) Rs.100/- (c) Rs.200/- (d) Rs.50/-

40. What is the rate of interest to be paid on the current account balance held withus by RRBs.(a) 3 (b) 4 (c) Rates mutually agreed (d) Nil

41. Interest provision in case of current account pertaining to a deceasedconstituent is made at ____________rate from 1.5.83 date of death of thedepositor till date of payment to claimants.(a) rate applicable to SB as on date of payment(b) rate applicable to TDR as on date of death of depositor

(c) rate applicable to TDR as on date of payment

42. The minimum size of certificate of deposit is(a) Rs.20 lacs (b) Rs.1 lac (c) Rs.30 lacs (d) Rs.50 lacs

43. A return on distribution of loan/deposits according to interest rates & maturityperiod has to be submitted every(a) Half Yearly (b) Quarterly (c) Monthly (d) Yearly

44. The amount of deposit that can be accepted under MOD scheme at the timeof opening is(a) in multiple of Rs.1,000/- with a minimum of Rs.10,000/-(b) in multiple of Rs.100/- with a minimum of Rs.10,000/-(c) in multiple of Rs.1,000/- with a minimum of Rs.5,000/-(d) in multiple of Rs.2,000/- with a minimum of Rs.20,000/-

45. When a SB a/c is linked to MOD a/c, the minimum balance in SB a/c shouldnot fall below _________________ at any point of time(a) 200/- (b) 500/- (c) 1000/- (d) 100/-

46. MOD a/c can be broken in units of

(a) 500/- (b) 200/- (c) 1000/- (d) 100/-

47. What is the minimum amount which can be accepted as deposit for a periodof 7 days to 14 days ?(a) Rs.15 lacs (b) Rs.50,000/- (c) Rs.5 lacs (d) Rs.10,000/-

48. What is the minimum amount of deposit which can be accepted under seniorCitizen Deposit Scheme ?(a) Rs.5,000/- (b) Rs.10,000/- (c) Rs.20,000/- (d) Rs.50,000/-

49. Under Corporate Liquid Term Deposit Scheme the minimum amount accepted is

(a) Rs.1,500/- (b) Rs.10,000/- (c) Rs.25,000/- (d) Rs.50,000/-



50. Deposit under Corporate Liquid Term Deposit Scheme is held in units of(a) Rs.1,000/- (b) Rs.2,500/- (c) Rs.5,000/- (d) Rs.10000

51. What is the margin stipulated when the loan granted against TDR

(a) 10 - 15% (b) 15 - 20 % (c) 10 - 25%(d) Minimum 10%

52. What is the maximum period for which bank can accept a TDR(a) 60 months (b) 120 months (c) 1 year (d) No limit

53. What is the Minimum core amount of Deposit under Money Box DepositScheme?

(a) Rs.50 (b) Rs.100 (c) Rs.500 (d) Rs.1000

54. What is the minimum balance for SB a/c with cheque facility in Semi-urbanbranches(a) Rs.300/- (b) Rs.1,000/- (c) Rs.500/- (d) Rs.250/-

55. What is the repayment period for the loan availed under “NRI – CAR LOANSCHEME”?

(a) 4 years (b) 5 years (c) 3 years (d) 7 years

56. What is the minimum amount that can be accepted under “Liquid TermDeposit Scheme?

(a) Rs.1,000/- (b) Rs.1,500/- (c) Rs.10,000/- (d) Rs.5,000/-

57. What is the minimum period for which the deposit under KMJY has toaccepted ?(a) 6 months (b) 12 months (c) 24 months (d) No minimum

58. What is the minimum amount in units of which the deposit of KMJY if thepremature payment can be sought for ?(a) Rs.100/- (b) Rs.1,000/- (c) Rs.1,500/- (d) No minimum

59. What is the minimum period for which the Corporate Liquid Term Deposit canbe accepted ?(a) 15 days (b) 12 months (c) 18 months (d) 6 months

60. Deposits under the “Senior Citizen Deposit Scheme” can be accepted in thename of(a) the Senior Citizen only with nomination (mandatory)(b) in joint names by Senior Citizen & another person in the style ‘F’ or ‘S’

or ‘E’ or ‘S’ with the first name being that of senior citizen(c) either a or b



61. Senior citizen Deposit scheme can be made available to :

(a) any pensioner(b) any person of the age of 60 years or over(c) any person of the age of 65 years or over

(e) any retired person

62. TDS is applicable when interest paid on term deposits (excluding RD) perperson per branch exceeds(a) Rs.5,000/- (b) Rs.2,500/- (c) Rs.10,000/- (d) Rs.7,500/-

63. Payment of Time Deposits above Rs.20,000/- in cash is prohibited under(a) 271T of IT Act. (b) 56 of NI Act (c) 269T of IT Act (d) 7 of NI Act

64. Minimum amount of Deposit and Period that can be accepted under SeniorCitizen Deposit Scheme

(a) Rs.10,000 - 12 Months (b) Rs.10,000 - 36 Months(c) Rs.50,000 - 12 Months (d) Rs.1 lac - 12 Months

65. Under SBI-SURABHI what is the minimum balance in SB A/c?

(a) Rs.500 (b) Rs.1000 (c) Rs.10,000 (d) Rs.5000

66. What is the minimum period for which Term Deposit can be accepted inrespect of Deposits of more than 15 Lacs(a) 15 days (b) 46 days (c) 7 days (d) 91 days

67. The rate of interest in SB A/c(a) 3.5% (b) 4% (c ) 4.5% (d) 3%

68. Liquid Term Deposit Scheme has been introduced under the new name(a) Multi-option Deposit Scheme (b) Kisan Mitra Jama Yojana(c) Kisan Mitra Yojana (d) Kisan Credit Card(e) Multiple option credit scheme.

69. Under SBI-SURABHI what is the minimum balance in Current A/c?(a) Rs.20000 (b) Rs.1000 (c) Rs.10,000 (d) Rs.5000

70. The minimum amount of deposit in the Kisan Mitra Jama Yojana is Rs. _______ and in multiples of Rs.______(a) Rs.1500/- and Rs.100/- (b) Rs.1,000/- and Rs.500/-(c) Rs.5,000/- and Rs.1,000/- (d) Rs.1,000/- and Rs.100/-

71. The minimum amount of withdrawal under the Kisan Mitra Jama Yojana isstipulated at Rs._______:(a) Rs.500/- (b) Rs.100/- (c) Rs.1,000/- (d) Rs.2,000/- (d) None of them.



72. Deposits under the Kisan Mitra Jama Yojana canbe accepted

(a) only at rural branches(b) only at rural and semi-urban branches(c) only at ADBs/ABDs irrespective of their location

(d) at rural, semi-urban branches and ADBs/ABDs irrespective of location

73. The minimum period of deposit under the Kisan Mitra Jama Yojana is(a) 3 months (b) 6 months (c) 12 months (d) 24 months (e) None of them

74. The depositor will be issued a pass book under the Kisan Mitra Jama Yojanafor(a) the amount of deposit (b) the maturity amount of the deposit(c) the amount of stipulated withdrawal amounts (d) (a) and (b)

75. Under the Multi-option Deposit Scheme (MOD) scheme, the period of deposit

will be minimum ______year(s) and upto a maximum of _______ year(s)(a) 2 and 7 (b) 1 and 7 (c) 2 and 7 (d) 1 and 5 (e) 2 and 5.

76. The minimum balance requirements in the Savings Bank Account both forurban/metro centres under MOD scheme is :(a) Rs.250/- (b) Rs.400/- (c) Rs.500/- (d) Rs.1,000/-(e) None of them.

77. The minimum deposit requirement in term deposit under the MOD scheme is :(a) Rs.5,000/- (b) Rs.7,000/- (c) Rs.10,000/- (d) Rs. 20,000/- (e) None of them.

78. Under the MOD scheme, the depositor will be given a _______ at _________intervals.(a) Cheque Book at monthly (b) Pass Book at quarterly (c) Statement ofaccount at monthly (d) Statement of account at quarterly (e) none of them.

79. _______________________ will be provided to the depositor in lieu of TermDeposit Receipt.(a) Pass Book (b) Specially designed deposit advice(c) An acknowledgement of deposit (d) None of them.

80. An account under the MOD scheme can be opened by a minor either singly or

in joint names if his age is(a) 12 years and above (b) 10 years and above (c) 15 years and above (d) 5years and above (e) None of them.

81. The deposit if linked to Current Account/OD under the MOD scheme is treatedto be(a) lent to the bank (b) a lien (c) pledged to the bank(d) a normal deposit (e) none of them.

82. What is the minimum cash deposit that a person can deposit in Savings Bank Account

(a) Rs.10/- (b) 50/- (c) 100/- (d) 1000/-



83. How many cheque leaves are issued free to a customer in a calendar year

(a) 25 leaves (b) 50 leaves (c) 100 leaves (d) 200 leaves

84. What is the charges recovered for issue of MICR cheques per leaf from the

customer___(a) Rs.0.50 (b) Rs.1/- (c) Rs.3.00 (d) Rs.5/-

85. What is the service charges recovered if the balance in the in-operative isbelow the stiputated minimum balance ?(a) Rs.10/- (b) Rs.25/- (c) Rs.55/- (d) No charge is recovered

86. What is the threshold amount for Savings Plus account ?(a) Rs.1000/- (b) Rs.2000/- (c) Rs.5000/- (d) Rs.10000/-

87. What is the minimum instalment for Recurring Deposit account in non rural

area?(a) Rs.50/- (b) Rs.100/- (c) Rs.200/- (d) Rs.250/-

88. Kanakadhara may be accepted in the following currency ____(a) Indian rupees, US Dollars & Euro (b) Indian rupees only(c) Indian rupees, US Dollars & Yen (d) Indian rupees & USdollars only

89. What is the minimum amount for which Kanakadhara rupee deposit can beaccepted ?(a) Rs.5000/- (b) Rs.10000/- (c) Rs.50000/- (d) Rs.1,00,000/-

90. What is the minimum amount for which Kanakadhara in US Dollar and Eurocan be accepted ?(a) 1000/- (b) 1500/- (c) 2000/- (d) 5000/-

91. What is the period for which Kanakadhara scheme can be accepted in IndianRupees?(a) 1 year or 2 years (b) 3 years or 5 years (c) 5 years or 10 years

(d) no period

92. What is the period for which Kanakadhara scheme can be accepted in USDollar / Euro?(a) 1 year (b) 3 years (c) 5 years (d) no period

93. What is the maximum loan that can be sanctioned under Kanakadhara RupeesDeposit scheme ?(a) 75 % of the accrued value (b) 80 % of accrued value(c) 90 % of accrued value (d) 100 % of accrued value

94. What is the maximum loan that can be sanctioned under Kanakadhara USdollar & Euro Deposit scheme ?

(a) 75 % of the accrued value (b) 80 % of accrued value(c) 90 % of accrued value (b) No Loan can be granted



95. What is the minimum amount one can deposit under Capgains Plus in Term

Deposit ?(a) Rs.5000/- (b) Rs.10000/- (c) Rs.25000/- (d) Rs.1000/-

96. What is the minimum amount one can deposit under Capgains Plus inSavings Bank account(a) Rs.5000/- (b) Rs.10000/- (c) Rs.25000/- (d) Rs.1000/-

97. In case of premature closure of term deposits upto Rs one crore, penalinterest @ -----% less than normal interest rate will be levied.

a) 0.25 b) 0.50 c) 0.75 d) 1.00

98. Under Super Saver TDR, minimum maturity period of deposit will be ------- years.

a) 3 b) 5 c) 6 d) 4

99. Which of the following scheme is discontinued from 01.04.2007?

a) Bankers Cheque b) Gift Cheque c) SB Cheque d) Current a/c Cheque

100. Under Core Power, transactions above Rs ------ will be levied servicecharges.a) 10,000 b) 15,000 c) 50,000 d) 20,000

101. SBI Vishesh customer is one

a) having deposit of 5 Lac and moreb) having Home loan account with limit of 10 lac and more and with a

deposit of 2 Lac or morec) having Car loan account with limit of 5 lac and more and with a deposit

of 2 Lac or mored) All the above

102. Instant credit upto Rs ---------- will have to be provided to SBI Visheshcustomers

a) 20,000 b) 25,000 c) 50,000 d) 1 Lac

103. Minimum deposit to open a No Frills account will be Rsa) Nil b) 50 c) 100 d) 200

104. No Frills account is a --------- type accounta) Savings b) Current c) Term deposit

105. Specialised branches can open No Frills account.a) True b) False



106. Cheque book can be issued to customers of No Frills account

a) True b) False

107. Internet Banking facility can be offered to customers of No Frills account.

a) True b) False

108. ATM cum debit cards can be offered to customers of No Frills accounta) True b) False

109. How many No Frills account can be opened in the name of an individual?a) One b) Twoc) Five d) Any number of accounts can be opened

110. In case the aggregate balance in No Frills account and any other depositaccount (like RD, TDR etc) exceeds Rs ----------, the NO Frills account

has to be converted into an ordinary Savings Bank account.a) Not required b) 5,000c) 10,000 d) 25,000

111. Maximum monthly income criteria of the individual depositor to open a NoFrills account is -------a) 1,000 b) 2,500 c) 5,000 d) 10,000

112. To get interest on balance from No Frills account, minimum balance in theaccount should be ----------a) 50 b) 100 c) 250 d) 500

113. Name of the paper based mechanism to leverage capabilities of CBSintroduced by the bank is called as ---------

a) No Frills account b) Multi-city chequec) Pre paid card d) Gift card

114. What is the minimum balance to be maintained under “RICH SAVINGS ACCOUNT” ?

a) 10000 b) 15000 c) 25000 d) 50000

115. What is the Threshold Limit in the operation account to be maintained under“SBI-SURABHI”?

a) 10000 b) 15000 c) 25000 d) 50000



KEY

1 a 41 a 81 d

2 a 42 b 82 a3 d 43 a 83 a

4 a 44 a 84 c

5 c 45 b 85 c

6 d 46 c 86 c

7 b 47 a 87 b

8 c 48 b 88 a

9 d 49 c 89 a

10 b 50 c 90 c

11c

51d

91b

12 c 52 b 92 b

13 b 53 b 93 c

14 c 54 c 94 c

15 d 55 b 95 a

16 b 56 b 96 d

17 d 57 b 97 b

18 b 58 a 98 d

19 a 59 a 99 b

20 b 60 b 100 c

21 c 61 b 101 d22 b 62 c 102 c

23 a 63 c 103 b

24 b 64 a 104 a

25 a 65 b 105 b

26 d 66 a 106 a

27 d 67 a 107 b

28 c 68 b 108 a

29 d 69 c 109 a

30 a 70 a 110 c

31 a 71 a 111 c

32 d 72 d 112 d

33 d 73 c 113 b

34 d 74 a 114 c

35 c 75 d 115 d

36 d 76 c

37 b 77 c

38 d 78 c

39 c 79 b

40 a 80 b

deposits objective07 08

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