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CLERK TO JMG I MODEL TEST 4

1. Government share holding in Canara Bank as at 31.03.2011 is

A) 73.17%
B) 67.72%
C) 80.13%
D) 75.17%
2. Dividend declared by canara bank for the year 2010-11 is

A) 80%
B) 90%
C) 100%
D) 110%
3. Tier 1 capital of Canara bank as at 31/03/2011 is

A) 11.68%
B) 9.98%
C) 10.87%
D) 15.38%
4. Provision Coverage Ratio of Canara Bank as at 31.03.2011

A) 70%
B) 68%
C) 85%
D) 72.99%
E) 76.26%
5. Any complaint relating to ATM is to be resolved within

A) 12 days
B) 10 days
C) 15 days
D) 7 days.
6. Mandatory registration of EMT transactions with “CERSAI” is applicable from

A) EMT created w.e.f. 01/03/2011
B) EMT created w.e.f. 31/03/2011
C) EMT created w.e.f. 01.04.2011
D) EMT created on or after 31/03/2011
7. In RTGS transaction, When Incoming message fails in Automatic Accounting (Autoaccounting) process, the amount will be credited to the beneficiary branch by

A) Our CUFFE PARADE, MUMBAI (DP1879) branch through a CBS-TO-CBS IBA.
B) Our RTGS gateway at T & I.O. Wing, Mumbai
C) Directly by RBI
D) None of the above.
8. In RTGS transaction, Initiator, Authoriser, 2nd Authoriser and Releaser passwords are required (4 persons), if the RTGS amount is

A) More than Rs. 1 crore
B) More than Rs. 5 crores
C) More than Rs. 10 crores
D) More than Rs.100 crores
9. Permissible debits in EEFC account

A) Advance payments to overseas suppliers under the merchanting trade transactions subject to compliance with the terms and conditions as applicable.
B) Payment of freight on imports into India/exports from India by the account holder to shipping/airline companies or their agents operating in India.
C) Payment of Customs duty in accordance with provisions of Exim Policy of Government of India.
D) Payments to residents in India in consideration of supply of goods/services including payments for air fare and hotel expenditure. (The resident beneficiaries of foreign exchange in such cases will not be eligible for EEFC facility).
E) All the above.
10. 10) “Script Magic” is

A) a software which facilitates our employees to carryout banking work in Hindi in CBS.
B) It is magical software
C) It is used in aircraft
D) It is a games software.
11. Recent inclusion w.e.f. 01/07/11 for quoting of PAN number in respect of financial transaction

A) Any credit to account beyond Rs.50,000
B) Any cash deposit in an account beyond Rs.50,000
C) Issue of credit cards
D) Submission of application for issue of debit card
12. Rental ceiling for quarters in the case of SCALE III officers in Area II centre w.e.f. 01/05/11 is

A) Rs.5000
B) Rs.5200
C) Rs.4200
D) Rs.6300
13. As per the guidelines for Recovery contest 2011-12, cash incentives for recovery under Substandard and Written off accounts

A) 3% and6%
B) 2% and 5%
C) 1% and 10%
D) Nil and 5%
14. “CANMOBILE”

A) A loan scheme of our bank for purchase of vehicle by our customers.
B) A loan scheme of our bank for purchase of vehicle by our staff
C) Mobile Banking Service introduced by our bank recently
D) None of the above.
15. SARFAESI act provisions are applicable in the case of

A) Claim / liability upto Rs.1.00 lac .......
B) Security interest (mortgag created in agricultural land
C) ........Pledge of movables within the meaning of Section 172 of Indian Contract Act
D) .......In case where the amount due is less than twenty percent of the principal amount and interest thereon.
E) All the above
F) Non of the above.
16. Currency of loan in PCFC is

A) Any foreign currency
B) AUD, CAD, USD
C) USD, GBP, EURO
D) USD, AUD, CHF
17. Form “A2” is used for

A) Any remittance towards imports
B) Any outward remittance other than imports
C) Any outward remittance
D) For all the above
E) None of the above.
18. A resident Indian traveling to Islamic republic of Libya. How much currency notes we can issue to him?

A) Not exceeding USD 3000 or equivalent
B) Not exceeding USD 5000 or equivalent
C) Upto USD 3000
D) Upto 5000 in any currency
19. Liberalised Remittance Scheme for Resident Individuals of USD 200,000 Per financial year is permissible for

A) Any permissible current or capital account transactions or a combination of both.
B) Acquire and hold immovable property or any other assets outside India. investment in Overseas Companies listed on a recognized stock exchange abroad.
C) debt instruments/ units of mutual funds/ venture funds etc.
D) Gift and Donation.
E) All the above.
20. 20. SWIFT inward payment orders upto ----------are executed directly by FD/FEX cells without calling for disposal instructions from the branches.

A) Not exceeding USD 5000 or equivalent
B) Not exceeding 5000 in any currency
C) Not exceeding USD 10000 or equivalent.
D) Not exceeding 10000 in any currency.
21. "REMITMONEY" is

A) a WEB based product of our Bank which facilitates faster And hassle free remittance to beneficiaries in India
B) a remittance facility from Arab countires
C) a product through which we can send money to any Beneficiary in India
D) a product which help in sending money to anywhere in the world.
22. Any remittance under the Liberalized Remittance Scheme is not permissible for the following countries

A) South Africa and Nigeria
B) Iran and Democratic People's Republic of Korea
C) Pakistan and Sri Lanka
D) Pakistan and Malysia
23. Housing Loan to individuals - Priority Sector ceiling is

A) Rs. 20 lacs
B) Rs. 25 lacs
C) Rs. 30 lacs
D) Rs. 15 lacs
24. Our bank’s ATM outsourcing agency is with

A) M/S Can Bank Computer Services Ltd
B) M/S Integra Computer systems Ltd.
C) M/S G4 Saecurites Ltd.
D) M/S H P ltd.
25. Credit Information Report from CIBIL is to be drawn by branches in the case of credit cards

A) At the time of fresh issue of credit card
B) At the time of fresh issue of credit card except for staff members
C) At the time of fresh issue or renewal of credit card.
D) In all the above cases.
26. “Buyer’s Credit” including the usance period in the case of Import of ROUGH, CUT AND POLISHED DIAMONDS

A) Not to exceed 60 days
B) Not to exceed 90 days from the date of shipment
C) Not to exceed 180 days from the date of shipment
D) Not exceed 360 days.
27. Gold loans to individuals is permitted against

A) Only against gold jewellery
B) Only against gold coins
C) Against gold Jewellery and specially minted gold coins sold by banks
D) Against gold Jewellery as well as gold coins.
28. The limit for advance remittance towards import of goods is

A) USD 100,000 or equivalent without guarantee from an international bank
B) USD 200,000 or equivalent without guarantee from an international bank
C) USD 200,000 or equivalent
D) An amount of 200,000 in any currency
29. “AADHAAR” meas

A) Aadhaar is a 12-digit unique number which the Unique Identification Authority of India (UIDAI) will issue for all residents.
B) It is a scheme of central government for providing employment to rural youth
C) It is an identification number issued to Non resident Indians
D) None of the above.
30. New services included under MSME Services Sector

A) Medical transcription services
B) Production of TV serial and other programmes
C) Ripening of Raw Fruits under controlled conditions
D) Service Rating Agency
E) All the above
F) None of the above.
31. Our bank’s Financial Inclusion Plan is implemented through

A) M/s Integra Micro Systems (P) Ltd
B) M/S Bartronics Ltd
C) M/S Can Bank Computer services Ltd.
D) All the above
E) a & b above.
32. Whistle Blowing means

A) The act of informing authorities of harmful, dangerous, or illegal activities.
B) Blowing a whistle to start a new activity
C) Setting of alarm when some theft or robbery took place
D) All the above.
33. Post Shipment export credit can be liquidated

A) Out of balances held in EEFC account
B) Proceeds of any other un-financed export bill
C) Proceeds of the export bill received
D) Rupee resources, when the export bill is overdue for payment
E) All the above.
34. M/S Integra Pvttl. Ltd. is enjoying an OCC limit of Rs. 1200 lacs with your branch headed by the Chief Manager. The account is rated as “High Risk.” The borrower is in urgent need of funds to make some statutory payments and requests for an adhoc overlimit for a few days. Upto what amount it can be permitted by the chief manager?

A) Rs. 25 lacs
B) Rs. 30 lacs
C) Rs.10 lacs
D) No amount can be permitted at branch level.
35. Delegated powers to the Senior Manager in VLB/ELB for permitting loans and advances against NRE/FCNR deposit to the depositor

A) Rs.10 lacs
B) Rs. 25 lacs
C) Rs. 50 lacs
D) Rs. 100 lacs.
36. Periodicity for valuation of EMT property in the case of Canara Trade

A) at the time of availment and subsequently every year.
B) At the time of availment and subsequently once in three years
C) At the time of availament and subsequently once in five years
D) None of the above.
37. As per recent RBI guidelines NBFC can contribute to the capital of a partnership firm

A) True
B) False
38. Canara Gift Card is available in the denominations of

A) Rs.500, Rs.1000, Rs.2000,Rs.5000.
B) Rs.50, Rs.100, Rs.500, Rs.,1000
C) Rs.1000, Rs.2000,Rs.5000
D) Rs. 2000, Rs.5000, Rs.10,000
39. Service Charges for Speed Clearing

A) Upto Rs.100000 -nil and above Rs.100000 - Rs.150
B) Upto Rs.100000 - Rs. 25 and above Rs.100000 - Rs.100
C) Upto Rs.100000 -Nil and above Rs.100000 - Rs.100
D) Upto Rs.100000 - Rs. 25 and above Rs.100000 - Rs.150
40. Agri Clinic and Agri business centre - Ceiling on Project cost

A) Rs.10 lacs for individual and Rs.50 lacs for group
B) Rs.20 lacs for individual and Rs.100 lacs for group
C) Rs.25 lacs for Individual and Rs.125 lacs for group
D) Rs.5 lacs for individual and Rs.25 lacs for group
41. Canara Platinum Debit Card - Purchase limit per day

A) Rs. 50,000
B) Rs. 1,00,000
C) Rs.2,00,000
D) None of the above.
42. Limited Liability Partnership is

A) a hybrid corporate form entity, combining the features of existing partnership firms and limited liability companies.
B) A new business model came into force w.e.f 09.01.2009
C) LLP is a body corporate & legal entity separate from its partners.
D) It is only a form of partnership.
E) All the above.
F) a,b & c above.
43. Bank has coined “CRAR” as the theme for the current year. “CRAR” represents

A) Capital to risk adjusted ratio.
B) CASA, Retail , Ambience, Recovery
C) Credit, Recovery, Ambience and RD deposits
D) Credit risk adjusted ratio
44. The total business target of our bank for the current year is -----------consisting of -----------deposits and -------------advances.

A) Rs.6,25,000 crores, Rs.3,55,000 crores, Rs.2,70,000 crores
B) Rs.5,00,000 crores, Rs.3,00,000 crores, Rs.2,00,000 crores
C) Rs.5,25,000 crores, Rs.2,55,000 crores, Rs.1,70,000 crores
D) Rs.6,25,000 crores, Rs.3,50,000 crores, Rs.2,75,000 crores
45. An NRE customer visits your branch on 29/06/2011 and presents an NRE KDR deposit for Rs.10,00,000/-which has matured on 11/06/2011 and requested for renewal of the same for a further period of 1 year. What is the applicable Rate of interest?

A) ROI as ruling on the date of maturity; OR as ruling on the date of renewal, whichever is lower.
B) ROI as ruling on the date of maturity; OR as ruling on the date of renewal, whichever is lower. But renewed deposit should run for a further period of one year or more from the date of renewal.
C) NRE deposit cannot be renewed if the overdue period is 15 days or more.
D) NRE deposit cannot be renewed if the overdue period is 15 days or more. However, simple interest may be paid for the overdue period at the rate ruling on the date of maturity for the term for which the deposit is accepted as fresh deposit OR at the rate at which fresh deposit is made, whichever is lower.
46. The current ratio of a firm is 2.5:1 and quick ratio is 2:1. The current liability Of the firm is Rs.2,00,000. What is amount of stock.

A) Rs. 2,00,000
B) R.1,00,000
C) Rs.2,50,000
D) None of the above.
47. The maximum difference between Repo and Reverse Repo rate is

A) 150 basis points
B) 200 basis points
C) 100 basis points
D) 75 basis points
48. Sri Anil Khandelwal committee appointed by RBI relates to

A) Human Resources in banks
B) Government Sponsored Schemes.
C) NPA management
D) Asset management
49. “SWIFT” head quarters is situated at

A) Belgium
B) France
C) U.S.A.
D) U.K.
50. “IFRS” stands for

A) Indian financial reporting service
B) Indian financial reporting standards
C) International financial reporting standards
D) International financial reporting services.
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