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1.  
A term loan is classified as an NPA when interest or instalment remains overdue for more than:

Correct Answer: B [90 days]

Explanation:

Above 90 days overdue → NPA.

2.  
CASA deposits consist of:

Correct Answer: A [current account and savings account deposits]

Explanation:

CA + SA – the low-cost deposits.

3.  
A loan account overdue for 45 days is classified as:

Correct Answer: C [SMA-1]

Explanation:

31–60 days → SMA-1.

4.  
Which account generally pays NO interest?

Correct Answer: D [Current account]

Explanation:

Current accounts are for business transactions and earn no interest.

5.  
The Negotiable Instruments Act was passed in:

Correct Answer: A [1881]

Explanation:

NI Act, 1881.

6.  
A cheque is valid for how long from its date?

Correct Answer: C [3 months]

Explanation:

Three months, for instruments dated on or after 1 April 2012.

7.  
How many parties are there in a promissory note?

Correct Answer: B [2]

Explanation:

Maker and payee only (Promise 2).

8.  
The Central KYC Records Registry is maintained by:

Correct Answer: D [CERSAI]

Explanation:

CERSAI maintains the CKYC registry.

9.  
True or false? "Interest earned on an NRE account is taxable in India."

Correct Answer: B [False]

Explanation:

NRE interest is exempt from Indian income tax; NRO interest is taxable.

10.  
Fill in the blank: Under Basel III as applied by the RBI, the minimum Common Equity Tier 1 ratio is ____ of RWAs.

Correct Answer: D [5.5%]

Explanation:

CET1 5.5% (international Basel III minimum is 4.5%).

11.  
Match the instrument with its section in the NI Act:
(i) Promissory note (ii) Bill of exchange (iii) Cheque (iv) Dishonour for insufficient funds
(p) Section 5 (q) Section 4 (r) Section 138 (s) Section 6

Correct Answer: C [i-q, ii-p, iii-s, iv-r]

Explanation:

PN – 4; bill – 5; cheque – 6; dishonour – 138.

12.  
A cheque with two parallel transverse lines on its face, without any bank's name, is a:

Correct Answer: A [generally crossed cheque]

Explanation:

Two lines alone = general crossing; a bank's name between them = special crossing.

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