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Question 11

SBI CBO 2024• Banking Knowledge

A cash credit account will become NPA if it ________

  1. AOption (a)

    Remains out of order for more than 90 days 

  2. BOption (b)

    Stock statement not submitted for 60 days

  3. COption (c)

    Account not reviewed for 3 months

  4. DOption (d)

    Remains out of order for more than 180 days

  5. EOption (e)

    Stock statement not submitted for 365 days

View answer & explanation

Correct answer

Answer: (a)A.

Remains out of order for more than 90 days 

Explanation not yet available.

Question 12

SBI CBO 2024• Banking Knowledge

What is the revised validity period of cheques as per RBI guidelines effective from April 1, 2012?

  1. AOption (a)

    1 month

  2. BOption (b)

    3 months

  3. COption (c)

    6 months

  4. DOption (d)

    9 months

  5. EOption (e)

    12 months

View answer & explanation

Correct answer

Answer: (a)A.

1 month

Explanation not yet available.

Question 13

SBI CBO 2024• Banking Knowledge

What does the term "pari-passu" mean in financial contexts?

  1. AOption (a)

    Priority over other creditors

  2. BOption (b)

    Equal footing or equal treatment

  3. COption (c)

    Complete repayment of debt

  4. DOption (d)

    Preferential claim on assets

  5. EOption (e)

    Partial payment based on seniority

View answer & explanation

Correct answer

Answer: (a)A.

Priority over other creditors

Explanation not yet available.

Question 14

SBI CBO 2024• Banking Knowledge

What is the revised bulk deposit limit for scheduled commercial banks (SCBs) according to the RBI's new proposal?

  1. AOption (a)

    ₹1 crore

  2. BOption (b)

    ₹2 crore

  3. COption (c)

    ₹3 crore

  4. DOption (d)

     ₹5 crore

  5. EOption (e)

    ₹10 crore

View answer & explanation

Correct answer

Answer: (a)A.

₹1 crore

Explanation not yet available.

Question 15

SBI CBO 2024• Banking Knowledge

In Which of the following conditions bank should not make any payment of cheque-

  1. AOption (a)

    Death of Drawer

  2. BOption (b)

    Company in liquidation

  3. COption (c)

    Insolvent drawers

  4. DOption (d)

    Insane customers

  5. EOption (e)

    All of the above

View answer & explanation

Correct answer

Answer: (a)A.

Death of Drawer

Explanation not yet available.

Question 16

SBI CBO 2024• Banking Knowledge

Which of the following is introduced by banks to increase financial inclusion?

  1. AOption (a)

    Stimulus package

  2. BOption (b)

    Internet banking

  3. COption (c)

    Business correspondent

  4. DOption (d)

    Corporate banking

  5. EOption (e)

    None of these 

View answer & explanation

Correct answer

Answer: (a)A.

Stimulus package

Explanation not yet available.

Question 17

SBI CBO 2024• Banking Knowledge

Under which act is the Statutory Liquidity Ratio (SLR) prescribed?

  1. AOption (a)

    Reserve Bank of India Act, 1934

  2. BOption (b)

    Banking Regulation Act, 1949

  3. COption (c)

    Negotiable Instruments Act, 1881

  4. DOption (d)

    Companies Act, 2013

  5. EOption (e)

    Indian Contract Act, 1872

View answer & explanation

Correct answer

Answer: (a)A.

Reserve Bank of India Act, 1934

Explanation not yet available.

Question 18

SBI CBO 2024• Banking Knowledge

Which type of account provides Overdraft facilities?

  1. AOption (a)

    Saving Account

  2. BOption (b)

    Current Account

  3. COption (c)

    Deposit Account

  4. DOption (d)

    Salary Account

  5. EOption (e)

    All of the above

View answer & explanation

Correct answer

Answer: (a)A.

Saving Account

Explanation not yet available.

Question 19

SBI CBO 2024• Banking Knowledge

Consider the following statements regarding the new RBI guideline on bank account closures effective from January 1, 2025:

  1. Dormant accounts are those that have had no transaction activity for 12 months or more.
  2. RBI has mandated the closure of Dormant, Inactive, and Zero Balance Accounts to improve banking security and efficiency.
  3. Account holders can avoid closure of inactive accounts by conducting at least one transaction.

Which of the above statements is/are correct?

  1. AOption (a)

    Only 1 and 2

  2. BOption (b)

    Only 2 and 3

  3. COption (c)

    Only 1 and 3

  4. DOption (d)

    Only 3

  5. EOption (e)

    All are correct

View answer & explanation

Correct answer

Answer: (a)A.

Only 1 and 2

Explanation not yet available.

Question 20

SBI CBO 2024• Banking Knowledge

According to the RBI regulations, what is the minimum age a children must have completed to open and operate savings bank accounts independently?

  1. AOption (a)

    10 Years

  2. BOption (b)

    13 Years

  3. COption (c)

    15 Years

  4. DOption (d)

    16 Years

  5. EOption (e)

    18 Years

View answer & explanation

Correct answer

Answer: (a)A.

10 Years

Explanation not yet available.
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