Caiib Retail Banking Mock Test Online

1  Interest on housing loan can be claimed as a deduction from income from property, salary, business/ profession, capital gains, or any other source upto a maximum of Rs. 1,50.000 under section 24(b. of the Income-tax Act, 1961 every year subject to fulfilment of the following conditions-FIND FALSE ONE

2  Pick the Odd One

3  In India, mortgage advice profession should follow the guideline of-

4  Mr ML is from BUNDI Rajasthan working in OBC bank at KARNAL want to purchase a house at KOTA by taking housing loan under staff HL scheme, the Bank Manager cross check the Encumbrance Certificate for ------ years showing nil encumbrances and Parent Documents of ---- years.

5  If Rs. 100000 is invested for a period of 5 years at interest at 10% p.a. find the maturity sum i.e. future value-with the help of Future value table given below Hint (Future value = PV x future value factor)

Year 7% 8% 9% 10% 11% 12%

1 1.07 1.08 1.09 1.10 1.11 1.12

2 1.14 1.17 1.19 1.21 1.23 1.25

3 1.23 1.26 1.29 1.33 1.36 1.40

4 1.31 1.36 1.41 1.46 1.51 1.57

5 1.40 1.47 1.54 1.61 1.68 1.76

6 1.50 1.59 1.68 1.97 1.87 1.97

6  Pick the Odd One

7   Short term capital asset means a capital asset held for less than ---- months immediately prior to the date of transfer and Long term capital asset means a capital asset held for more than ---- months immediately prior to the date of transfer.

8  Any profit or gain from sale or transfer of a capital asset is chargeable to tax under the head "capital gains" Capital asset means any property whether movable or immovable, tangible or intangible. Transfer, in relation to capital asset, includes sale, exchange of the asset. , however, The following assets are NOT excluded from the definition of capital assets:

9  Any document other than a will has to be presented for registration within---- months from the date of its execution. The term 'execution' means signing of the agreement. Under the present rules and regulations, all agreements in respect of a transfer of an immovable property have to be duly stamped.

10  One of the following types of banking is an attractive channel for the upper middle end customers who are tech savvy, but it is not a ‘Bottom of Pyramid Banking’?

11  ALPM refers to

12  The integration of triple play (data + audio + video) provides banking customers real time access to their

relationships with the bank, such as fund transfers, remittances, etc. This is built on ____ principles.

1. Web 1.0
2. Web 2.0

iii. J2EE

1. .NET

13  BCSBI was released by the Governor, Reserve Bank of India on ......

14  BCSBI codes are reviewed after every ...... years.

15  What is correct about project cost under PMGEP scheme ?

16  What is range of margin/borrower contribution in PMGEP scheme ?

17  Valuation is a specialized area practiced by qualified engineers and architects who possess knowledge of building costs, awareness of market conditions and economic trends, developmental plans, legal statutes and provisions governing real property, rental income and outgoings etc. The valuer is required to collect data on aforesaid aspects but as the information is not easily accessible and/or authentic particularly about demand and supply, the Valuer has to rely on his own experience and judgment in arriving at the fair market value! It is hence inevitable that there will be difference of opinion between two Valuers in respect of the value of same property. Who grants registration to Valuers, on the basis of their technical background and experience.

18  According to the factors of service quality – Empathy means

19  To consider the loan amount under the housing loan scheme, which of the following statements are true?

1. The property is jointly held with the spouse and the spouse is co-borrower
2. the property is held in single name and the spouse stands as a guarantor the borrower's son or

daughter who has a steady income

1. the salary is routed through Bank account and joins as a co-borrower
2. expected rental less taxes, cess, etc., in case the house/flat being purchased is proposed to be rented
3. Regular income from all sources can be considered to arrive at total eligible loan amount.

20  Which of the following websites, under internet banking, allow customers to go for query on their Account balances?

21  In the credit information report maximum weightage is given to

22  In the credit information report the weightage given to payment history is ......

23  Loans to farmers against pledge/hypothecation of agriculture produce(including warehouse receipts) upto ______ lacs for a period not exceeding 12 months.

24  Mr. Raj has bought : 2000 units of a stock at Rs. 20 on 1 Jan 2013, 2000 more units at Rs. 30 on 1 May 2013 2000 more units at Rs. 40 on 1 December 2013 and sold 5000 units at Rs. 50 on 30 December 2014, Calculate the Non Indexed Capital Gains.

25  A system in which the collecting bank capture the image of a cheque and sends the electronic image (instead of the actual cheque) to the paying bank, for collection, is called ......

26  In a MICR cheque, which of the following code does not match the 'description ......

27  Digital Banking is characterised by ......

28  Which of the following is an example for Digital Banking channel? (i) Mobile & Phone Banking, (ii) Internet Banking, (iii) Branch Banking

29  In terms of Credit Cards, what is a Hot Card?

30  The additional attribute of financial services affected by the fact that customers may have limited information when compared to bank staff is known as: