Practice Banking Operations Questions and Answers

• GeM portal deals with?
• What are sweat equity shares?
• As per section 2(52) of the CGST Act, 2017, the term "Goods" includes
• As per Schedule I, any kind of disposal or transfer of business assets made by an entity on a permanent basis qualifies as supply, even though it is withou...
• The digital payment system UPI, has been developed by which of the following institutions?  
• What is the maximum aggregate balance allowed in accounts opened using Aadhaar OTP-based e-KYC in non-face-to-face mode?
• What is the maximum aggregate withdrawal limit for a small account per month where KYC is not completed ?
• Which of the following is not allowed in small accounts?
• What is the maximum term loan sanction permitted for Aadhaar OTP-based e-KYC accounts?
• What is required for conducting V-CIP (Video-Based Customer Identification Process)?
• Which portal monitors outstanding dues to MSEs?
• What is the minimum duration for which a small account can remain operational after opening without furnishing an Officially Valid Document (OVD)?
• What is the threshold aggregate annual credit limit for deposit accounts opened using Aadhaar OTP-based e-KYC?
• A bank finds it difficult to repay the short term deposits on maturity because the funds of the bank are locked in ____
• The CIBIL MSME Rank (CMR) is a credit score that helps lenders assess the risk of lending to MSMEs. What is the scale used for CMR?
• Within how many days should payment to an MSME supplier be made to allow it as an expense, for the computation of income under Income Tax Act?
• As per the Nayak committee, what percentage of its annual projected turnover should a n MSME get as working capital from a bank?
• Which of the following entities was formed to identify and check fraudulent activity in lending transactions against equitable mortgages?
• Who is responsible for ensuring compliance with the obligations imposed under Chapter IV of the PML Act and for reporting to the Financial Intelligence Uni...
• What is a primary condition under RBI guidelines for REs when onboarding non-resident customers with limited KYC documentation?  
• What is the primary role of the Central KYC Records Registry (CKYCR)?  
• When REs use Aadhaar for customer verification in offline mode, what is mandatory according to RBI guidelines?  
• In cases where REs are unable to meet Customer Due Diligence (CDD) requirements due to a customer’s lack of cooperation, what is the recommended action? ...
• Which of the following would not affect bank reconciliation?
• A customer deposits ₹5 lakh in a fixed deposit for 3 years. The bank offers an interest of 6% per annum, compounded quarterly. Which formula is used to c...
• A customer reports unauthorized transactions on their digital banking app. Under RBI’s directions, if the customer informs the bank within 3 days, what i...
• The Pradhan Mantri Mudra Yojana completed 10 years of its launch. The government introduced a new category under this scheme to cover loans between ₹10 l...
• An Indian exporter raises a Letter of Credit (LC) worth USD 1,00,000. The exchange rate on the LC issuance date is ₹83.50/USD. The bank charges 0.25% as ...
• A borrower is offered two loan options: • Loan A: ₹50 lakh @ 9.5% with 1.5% upfront fee • Loan B: ₹50 lakh @ 10% with no fee Which is cheaper assum...
• A borrower has defaulted on a term loan for over 90 days. The bank categorizes the account as an NPA. Later, the borrower partially repays the overdue amou...