Question Bag

[1000 Qs. Ans.]

For

Ensuing Promotion Test

[CLERK TO OFFICER]

“NO REST TILL BEST”

WISHING YOU ALL THE BEST

STAFF COLLEGE BENGALURU

Dated: 11.12.2013

INDEX

S.N / Contents / QUESTION BAG NO. / PAGE NO.
01 / Our Organization-
  • Business parameters,
  • Annual Result of Bank –31.03 2013,
  • Our milestones
  • Financial result 30.09.2013
/ Q.set-1 / 3
02 / Commercial Law / Qset-2 &3 / 9
03 / Accountancy / Qset-4 &5 / 27
04 / Practical Banking-
  • Deposits
  • Negotiable Instrument Act
  • General banking –
Type of Customers,
banking-ombudsman,
 COPRA,
nomination
 death-claim
General credit awareness
NPA
KYC & AML
Financial inclusion / Q.set-6
Q.set.-7&8
Q.set.-9 &10
Qset-11
Qset-12 / 45
52
65
83
89
05 / IT awareness
  • Tech products,
  • TPPD products
/ Q.set.-13
Q.set-14 / 99
107
06 / English
  • Comprehension
  • Antonyms
  • Synonyms
  • Spotting error
/ Q.set-15
Q.set-16
Q.set-17
Q.set-18 / 114
119
126
131

Question Set-1

(OUR ORGANISATION)

1 / Our Bank’s global business mix ( 30,Sep 2013)-
a) Rs.400000 crs b) 355000 crs c)508713 Crs d) None
2 / Global deposits of our bank as on 30.09.2013
  1. 220000cr 3.232150 cr
  2. 287029 cr 4.none of these

3 / What is the CRAR as of Sep,2013 as per Basel III
a)9.72% b). 13.85% c). 10.85% 4. 13%
4 / Global advance of the Bank is………… as on 30.09.2013
a.150000 cr b. 165000 cr c.221684cr d. 185050 cr
5 / Our Bank has opened first E-focal point branch opened on 05.01.2012 at new Delhi for ______
a)Government business b) providing excellence customer service c) special service for HNIs d) customer grievances
6 / CASA share of total deposit of our bank as on Sep,2013 ……
1.28.25% 2. 33% 3. 32.10% 4. 30.98%
7 / What is NIM (global)on earning assets as of Sept, 2013 ?
a) 2.58% b) 3.53% c) 3.41% d) 3.1%
8 / Bank enhanced its ranking from 10th position (1991) to …… position in ranking of nationalized banksthe year of2011.
  1. 6th b.5th c. 7th d .8th

9 / During last 2 decade (1991-2011) union bank recorded higher growth in business(19.07%) compared to growth rate of 17.65% recorded by the all scheduled commercial banks.
a)True b) false
10 / We have launched Star Union Dai ichi Insurance Corpn in collaboration with bank of India what is the share of union bank of India as on may 2012
a) 26% b) 28% c) 24% d) none
11 / Bank has bagged golden peacock award 5th time for the year 2012
this prestigious award is given in the field of …………
a. Training b. technology c. customer service d. grievance redressal system
12 / Which of following is not correct?
  1. Bank has 5337 ATM as on 30.09. 2013
  2. Bank is the 3rd largest deployer of ATMs amongst public sector banks
  3. Rupay is debit card of our bank launched on 26.03.2012 by NPCI
  4. Bank has started series of SAMPOORNA ATM for its sponsored RRBs

14 / Cashless campus project is a unique innovation of bank where payments of the university / college within the campus to electronic mode using technology plateform( true/ false)
13 / Bank projects growth of 14.21% for deposits,16.29% for advances for the year-2013-14
( true / false)
14 / UNION CHETNA-which of the following is incorrect about this product.
  1. an information window for the customers as well as employees.where contents may be displayed in 18 regional languages
  2. To achieve the goal of financial literacy and awareness
  3. bankservice will be available to customers during the business hours wherein information on various products and services of the bank will be displayed along with other useful financial information. The same window will be the knowledge gateway for the staff after business hours
  4. Available other than 103 Village knowledge centers

15 / Overseas business of our bank as on 30.09.2013
  1. Rs18349cr
  2. Rs13017cr
  3. Rs.15105cr
  4. none

16. / How many branches have been identified as BBBs(Business Banking Branches) [Ic 11906 dated 25.10.2013)
  1. 700 b. 800 c 350 d 500

17 / The Tier I CRAR of our bank is at 7.11% as on 30.09.2013
a)True b) false
18 / Provision coverage ratio as on 30.09.2013.
a)63% b) 60.43 % c) 70% d) 65.5%
19 / Government shareholding in our bank as on 30.09.2013 is 57.89%
a)True b) false
20 / Bank launched a Customer care unit in Mumbai to……..
a)Resolve customer complaints and eliminate the root cause of complaints
b)Provide best customer service
c) Care 4 tier SB account holders
d)Boost Alternate Delivery Channel
21 / Union bank become first PSB to introduce UNION FLASH remit under tie up with ……… exchange
a)UAE
b)USA
c)UK
d)USSR
22 / CASA ( demand deposits) of our bank as on 30.09.2013
a)70000 crore
b)50429 crore
c)81075 crore
d)67905 crore
23 / Which of the following is not correct as on 30.09.2013
a)Global business YOY growth-26.30%
b) Global Advances has grown by 25.48%
c)Global Deposit growth-26.95%
d) Gross NPA have come down from 3.01 % to 2.5%
24 / As per survey conducted by ICMR & BFM ( banking & finance magazine)customer perception survey our bank has ranked the best nationalized bank and the………best among all banks in the country.
a)2nd b) 3rd c) 4th d) 5th
25 / UNION KBC asset management co. partnered with Belgium based KBC AM for entry into FM space in India and started operation( may-2011).In which bank has stake
a)76% b) 51% c) 56% d) 48%
26 / OUR bank our strategy paper our bank has declared FY-2013-14 as Year of retail lending. what is share of housing loanincomposition of retail assetsas on 30.09.2013
a)60.20%
b)65.53%
c)75.40%
d)65.05%
27 / Net profit for the year ended march 2013 increased by 20.76% to…………..
a)2082
b)1787
c)2158
d)2245
28 / Bank has made provision of 172 crore in Slandered assets as on 30.09.2013
a)True
b)false
29 / Bank has 5 rep.office in SHANGHAI,BEIJING,ABUDHABI,LONDON,SYDNEYand 2 international branches …………………………..
a)Hong kong & DIFC ( Dubai)
b) Hong Kong &Sydney
c) HONG KONG & shanghai
d)Abudhabilondon
30 / Net worth of bank is………….crore (30.09.2013)
a)14338 cr b) 16529cr c)16000cr D)661.55 cr
31 / Transactions through electronic channel as of sep,2013
a)65% b) 61.77% c) 55.51% d) 52%
32 / Bank opened 734 ATMS during first half year 2013-14. How many branches opened during the same period
a)78 b) 200 c) 165 d) 205
33 / Total service outlets( branches+ ATMs+ext counters + sr branches ) of our banks as of Sep,2013
a)9008 b) 6001 c) 6502 d) 6801
34 / What is CD ratio of union bank as of Sept.2013/
a)80.94%
b)84.94%
c)Agriculture advance
d)MSME
35 / As per priority sector bench mark agriculture loan should be 18% of ANBC
What is size of Ag. Advance of our bank as of sep30,2013
a)22166 cr(10.72% )
b)16242 crore
c)24662 crore
36 / Our banks by line for " 2013-14 is "new horizon new thinking perform for better tomorrow"
a)true b] false
37 / Net interest income (NII) as of Sep,30. 2013………….
a)3864 crore b) 6793 crore c) 6216 cr d) 4192 crore
38 / Provision on NPA made by ourbank as of Sept.2013…
a)456cr c)926 cr
b)1741 cr d) 507 cr
39 / Which of the productivity ratio is not correct as on 30.09.2013
a)Business per employee 1497lacs
b)Gross profit per employee15.52lacs
c)Business per branch14174lacs
d)Net profit per branch 55.83lacs
40 / Gross NPA of our bank as on 30.09.2013
a)8061Cr ( 3.64%)
b)5260 cr( 3.43%)
c)5209 cr( 3.33%)
d)5540 cr( 3.11%)
41 / Total slippage( addition of NPA) in first half year 2013-14 is ……………crore
a)1657 b) 3670 C) 3632 d) 3232
42 / ASSET restructured (Sep,2013)…….
a)10397cr b) 5655lacs c) 9355 lacs d) none of above
43 / Outlook money recognized the bank as best …………… loan provider
a)Home loan
b)Education loan
c)Auto loan
d)SME loan
44 / Investments of our bank as on 30.09.2013.
  1. 96198cr c.60000 cr
  2. 62363 cr d. none

45 / Banker of the year-2013 award by Skoch consultancy servicesprojects (financial inclusion award) given to CMD of which bank?
  1. Union bank b) Indian bank C) SBI d. PNB

46 / 4.9 million CASA accounts opened during 2012-13. How many accounts opened during first HY 2013-14?
  1. 49 million b) 2.48 million c) 5.25 million d) 1.0 million

48 / Union bank has launched green banking in which city?
  1. Kolkata b. Mumbai c. Chennai d new delhi

49 / No. ofRegional offices as on 30.09.2013
  1. 62 b. 60 c. 52 d. 61

50 / KGSGB bank ( RRB OF UNION BANK ) is first bank in the country to achieve 100% CBS & NEFT services
  1. True b. false

Question Set-2

Commercial Law

  1. Which of the following statement is incorrect

A] As per Indian Contract Act 1872 “An Agreement enforceable by law is a contract

B] An agreement can be described as proposal + acceptance thereof

C] All contracts are necessarily to be agreement but all agreements do not constitute contracts

D] All above statements are correct

  1. The Contract entered into will not be valid if

A] Contract is induced by misrepresentation, undue influence, or fraud

B] Any of the parties to the contract is minor / of unsound mind / disqualified as per law/contracted during drunkenness

C] Object of the contract or the consideration for the contract is not lawful

D] a + b + c

  1. Voidable contract is one

A] Which is enforceable by law at the option of one or more persons but not at the option of others

B] When one or more parties to the contracts have not exercised free consent

C] Which remains valid and binding till not repudiated by the party having the right to do so

D] All above are correct

  1. A and B are sureties to the loan availed by C. C fails to pay. A & B are compelled to pay the whole sum. C is creditor to D.

A] A & B can recover it from D

B] A & B can recover if from C

C] A & B

D] None of the above.

  1. The rule in Clayton’s case applied in the case of :

A] Term loans only

B] Clean advances only

C] Accounts having credit balances

D] Running accounts having debit balances

  1. According to the rule in Clayton’s case, the moneys paid in by a customer in his current account are to be applied towards adjustment of overdraft :

A] At the option of the banker

B] As directed by the customer

C] As agreed to between the banker and the customer mutually

D] In the order of time in which the debts were incurred

  1. To avoid operation of rule in Clayton’s case a banker should rule-off the account which is overdrawn and open a fresh account for further transactions when:

A] A new partner is admitted to a partnership firm

B] The bank receives notice of death or insolvency of a partner or a joint account holder

C] There is a change in the board of directors of the company

D] None of the above

  1. ‘M’ a minor by fraudulently representing himself as a major induced a banker to sanction him a loan subsequently he refused to repay:

A] Bank can file a suit against M on attaining majority.

B] Bank can file a suit against M and natural guardian

C] Bank can file a suit against the Natural Guardian of M only

D] None of the above

  1. A contract entered into by a minor, ratified on attaining majority is

A]Valid

B]Voidable

C]Void

D]contract

  1. Mr. Parry Mason had agreed to construct himself a guesthouse for Royal Bank. He had also avail term loan from the Royal Bank for Rs.5.00 lac. Incidentally, Mr. Parry Mason died before construction of the guesthouse and the term loan outstanding was Rs.4.50 lac on the date of his death. Now,

A] Death of Mr. Parry Mason results in discharge of contract for construction of guesthouse and his legal successors shall not be liable to pay compensation to Royal Bank.

B] For the outstanding in term loan for Rs.4.50 lac, his legal successors will be liable to pay.

C] The maximum liability of the legal successors would be limited to the extent of value of assets inherited or the term loan outstanding, whichever is less

D] All above are true

  1. INDEMNITY [Section 124 of Indian Contract Act 1872] is a contract

by which

A] One party promises to save the other from loss caused to him by the conduct of the promissory himself or by the conduct of any other person

B] One party assures to make good loss to the guarantor

C] One party assures to banker to make good the loss

D] None of the above

  1. In a contract of guarantee (Sec.126 of ICA of 1872)

A] The person who gives guarantee is called surety

B] The person for whom guarantee is given is called the “principal

debtor”

C] The person to whom the guarantee is given is called the

“principal creditor”

D] All the above

  1. The guarantee (Sec.126 of ICA 1872) is contract to

A] Perform the promise or discharge the liability of a third person

(principal debtor) in case of default

B] Perform or discharge the liability of a surety

C] Perform or discharge the liability of creditor

D] None of the above

  1. Mr. AB has given his personal guarantee to the Bank for advance made to ABC Ltd.

A] Mr. AB is primarily liable to pay to Bank

B] Mr. AB and ABC Ltd. Are primarily liable to pay to Bank

C] Mr. AB is liable to pay only if ABC Ltd. fails to pay to Bank

D] None of them are liable to pay to Bank

  1. A bank loan sanctioned to Ms. Priyanka (who is a minor) is guaranteed by Ms.Sonia. In case of default

A] Bank can recover dues from Ms. Priyanka

B} Bank can recover dues from Ms. Sonia

C] Bank can recover from both of them jointly

D] Bank cannot recover from any one as Ms. Priyanka is not

competent to contract.

  1. Bank sanctioned loan of Rs.1 lac to Mr. Hritik for which Mr. Rajesh gave his guarantee on 1st Jan.1995. Outstanding in account was Rs.1.10 lac on 01.Jan 1998 (date of which suit). The bank is eligible to recover from them

A] Rs.1.00 lac (being original loan amount)

B] Rs. 1.10 lac (being dues on the date when documents became time barred)

C] Rs.1.25 lac + interest from 01.Jan.1999

D] Bank can not recover any sum

  1. The major distinction between indemnity and the guarantee is that

A] In a contract of indemnity there are only two parties – Indemnifier and Indemnified, whereas in a contract of guarantee there are three parties namely the Principal Debtor, Creditor and Surety

B] In a contract of indemnity, the liability of a promisor is primary and independent, whereas in a contract of guarantee the primary liability is of the principal debtor

c] Both are true

d] Both (a & b) are false

  1. Shahrukh, Salman and Sanjay have given guarantee for Rs.1.00 lac for loan sanctioned to Sri Entertainment by the Bank. On default by Sri Entertainment, Shahrukh was compelled to pay entire dues to the Bank as a guarantor. Now

A] Shahrukh can recover pro rata share from other two co-

guarantors

B] Shahrukh can recover entire dues from Sri Entertainment but

not from Salman and Sanjay

C] Shahrukh cannot recover from any one

D] Shahrukh can file counter suit against bank

  1. In the above case, now :

A] Shahrukh steps into shoes of the Bank

B] Bank will have to hand over securities to Shahrukh (in their

possession obtained from Sri Entertainment]

C] Bank cannot part with securities to Shahrukh

D] A & B as above

  1. For loans sanctioned by the Bank to D against personal guarantee by A, B & C, in case of default, if Bank releases anyone of A or B or C or D

A] It can recover its dues from the remaining parties

B] On release of the principal debtor D, all guarantors are

automatically released

C] Bank’s rights are not affected

D] All the above are incorrect

  1. Though in Bank guarantee document there is a clause that terms of loans can be changed at the sole discretion of the Bank.

A] The guarantors are not bound by these changes unless expressly

agreed upon for specific change

B] Guarantors can be discharged of their liability by such changes

C] The claim of Bank against guarantor may not remain

maintainable in court

D] All the above are true

  1. The guarantee given by the Public Ltd. Co. shall not be valid unless it is

A] Registered with Office of Registrar of Company

B] Signed by Managing Director and the secretary of the company

C] In conformity with Provision of Articles of Association and

Memorandum of Association

D] As per C above and signed by persons authorized by the Board

of the Company.

  1. The Guarantee given by the following are not valid

A] Insolvent b] Minor c] Lunatic d] All above

  1. The Guarantee given by a partner on behalf of firm for the third person

A] is valid in all cases

B] is not valid in all cases

C] is valid – If business of the firm is to give guarantee

D] None of the above

  1. Whenever the beneficiary invokes the guarantee

A] The bank should not pay the money unless it is paid by the applicant customer

B] The bank has to pay without delay or demur – irrespective of the fact that applicant customer pays or not

C] The bank shall try to postpone the payment under some pretext or other

D] The bank shall pursue the customer to bring stay order from the court

  1. Generally bank issues guarantee which is

A] Performance guarantee

B] Financial guarantee

C] Deferred payment guarantee

D] All the above

  1. In performance guarantee, the liability of the bank is to

A] Actually perform the job as per contract, in case of default by the

applicant customer

B] The bank cannot perform actual job, and hence no liability

C] Reimburse as per guarantee terms and not to actually perform

the job as per contract

D] Pursue the applicant customer to complete the job

  1. The limitation clause in a bank guarantee is meant for

A] Limiting amount and period of bank’s liability under guarantee

contract

B] Limiting the stamp duty on guarantee letter

C] Limiting the number of pages in guarantee letter

D] None of the above

  1. At the time of issuance of letter of guarantee

A] It is a term loan and fixed liability for the bank

B] It is a contingent liability – which may or may not arise – but

need be controlled under contra head

C] It is a specific and definite fund based liability to the extent of

LG amount

D] None of the above

  1. The Guarantee related to Export / Import business issued in favour of the Overseas parties

A] Can be issued by any of the branches without any restriction

B] Any branch can issue it after obtaining RBI approval

C] It can be issued by Foreign Exchange Dealing Branches

D] None of the above

  1. In a contract of bailment of goods

A] Ownership and possession of goods remain with bailor

B] Delivery of goods are to be made by the bailor to bailee for some purpose. On completion of the purpose, the goods are to be returned to bailor are disposed off as directed by the bailor

C] Ownership and possession passes on to bailee

D] None of the above

  1. When Anil hands over his clothes to washing company for wash, it is a

A] Contract of bailment

B] Contract of guarantee for washing

C] Contract of performance

D] None of the above

  1. A pledege is a contract where by

A] Standing crop is mortgaged as a security

B] Vehicle is hypothecated as a security

C] Bailment of goods as a security for payment of debt or performance of promise is made

D] None of the above

  1. As a Pledgee, bank has got the rights to

A] Keep possession of goods for payment of principal dues, interest and reasonable maintenance charges

B] If bank incurs extra ordinary expenses for protection of goods, it is entitle to recover the same.

C] Bank can sell goods under section 176 (after giving notice to the pledger) to recover its dues

D] All the above

  1. A Bank sold shares which were held under pledge agreement wherein it was provided that the bank can sell shares without notice to pledgee. The court may hold the sale invalid because

A] The provision in the pledge agreement for disposal of shares without notice to pledgee was against the provision of law, and hence, voidab-initio

B] The pledge agreement was not executed after obtaining permission from court

C] The pledge agreement was not notarized

D] The court cannot hold sale invalid

  1. Main parties in case of Agency Agreement are

A] Debtor – Creditor

B] Bailor – Bailee

C] Lessor – Lessee

D] Principal – Agent

  1. In case of agency agreement

A] Agent is under control of principal and cannot bind principal

B] Agent merely acts subject to general plan, directions and the requirement of the person engaging him