Banking Jobs IBPS Questions

Jun 2, 2012

Banking Awareness Questions and Answers

Q5. To be eligible for raising loan under PMEGP, the annual family income of the beneficiary should not be more than . a) Rs 100,000 b) Rs 200,000 c) minimum prescribed for Below poverty line d) None of these as there is no income ceiling. banking awareness questions and answers Q6. A loan is guaranteed by a surety. When the Principal Debtor failed to repay the loan, bank asked the surety to pay which was paid by him. On making payment, the surety became entitled to all rights and remedies which the bank had against the principal debtor. This right of surety is called . a) Right of Foreclosure b) Right of Redemption c) Right of Subrogation d) Right of Lien Q7. For how much period an NPA account remains sub standard after which it is classified as doubtful asset even if there is enough security to cover the advance? a) 12 months b) 18 months c) 24 months d) None Q8. Banks are required to use Turnover Method for calculating working capital requirements of the SSI borrowers where working capital limits are up to Rs 5 crore. This method assumes a working capital cycle of how many months? a) 1 month b) 2 months c) 3 months d)4 months Q9. When a banker may suffer loss due to movement of interest rates in the market, this risk is called__ a) Credit Risk b) Operational Risk c) Market Risk
Practice Exercise - 72 [ Banking Awareness Questions and Answers ]
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banking awareness questions and answers

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