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1.  
About KYC, which is/are correct?
I. A job card issued by NREGA, duly signed by a State Government officer, is an officially valid document.
II. KYC of low-risk customers must be updated at least once every 2 years.
III. KYC records are uploaded to the Central KYC Records Registry maintained by CERSAI.

Correct Answer: C [Only I and III]

Explanation:

I and III true; low-risk: at least once every 10 years.

2.  
About negotiable instruments, which is/are correct?
I. A bill of exchange contains an unconditional order and has three parties.
II. A cheque is a bill of exchange drawn on a specified banker and payable on demand.
III. A promissory note contains a conditional promise to pay.

Correct Answer: B [Only I and II]

Explanation:

I and II true; a promissory note is an unconditional promise.

3.  
Gross advances ₹ 60,000 crore, gross NPAs ₹ 3,000 crore, provisions ₹ 2,100 crore. Which is/are correct?
I. Gross NPA ratio is 5%.
II. Provision coverage ratio is 70%.
III. Net NPA ratio (on net advances) is exactly 1.5%.

Correct Answer: E [Only I and II]

Explanation:

GNPA 5%, PCR 70%; NNPA = 900 ÷ 57,900 ≈ 1.55%, not exactly 1.5%.

4.  
About Basel III as applied by the RBI, which is/are correct?
I. The capital conservation buffer is held in the form of Common Equity Tier 1.
II. Minimum Tier 1 capital is 7% of RWAs.
III. Minimum CET1 + CCB is 10.5% of RWAs.

Correct Answer: D [Only I and II]

Explanation:

I and II true; CET1 + CCB = 5.5 + 2.5 = 8%.

5.  
Match each account with its status:
(i) Account A – overdue 28 days (ii) Account B – overdue 62 days (iii) Account C – overdue 91 days (iv) Account D – overdue 59 days
(p) SMA-2 (q) SMA-1 (r) NPA (s) SMA-0

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

Explanation:

28 → SMA-0; 62 → SMA-2; 91 → NPA; 59 → SMA-1.

6.  
Which of these cheques would be valid (not stale) on the date of presentation?
I. Dated 31 May 2026, presented 25 August 2026
II. Dated 31 May 2026, presented 1 September 2026
III. Dated 10 July 2026, presented 9 October 2026

Correct Answer: C [Only I and III]

Explanation:

Three months from 31 May end on 31 August, so 25 August is valid and 1 September is stale; 10 July → 10 October, so 9 October is valid.

7.  
A bank has CA ₹ 45,000 crore, SA ₹ 75,000 crore and term deposits ₹ 1,80,000 crore. If term deposits rise by ₹ 60,000 crore and CA/SA stay the same, the CASA ratio changes from:

Correct Answer: B [40% to 33 1/3%]

Explanation:

120,000 ÷ 300,000 = 40%; 120,000 ÷ 360,000 = 33 1/3%.

8.  
About priority sector lending (RBI PSL Directions 2025, as amended in June 2025), which is/are correct?
I. Foreign banks with fewer than 20 branches may count up to 32% of ANBC as export credit within their 40% target.
II. Small finance banks have a total priority sector target of 75%.
III. Renewable energy is one of the priority sector categories.

Correct Answer: A [Only I and III]

Explanation:

I and III true; the June 2025 amendment cut the SFB target from 75% to 60% of ANBC.

9.  
Odd one out (recovery and resolution mechanisms):

Correct Answer: D [Cheque Truncation System]

Explanation:

CTS is a cheque-clearing system; the others are routes to recover or resolve bad loans.

10.  
A bank wants a CRAR of exactly 12.5% and has total capital of ₹ 1,200 crore. The maximum risk-weighted assets it can carry are:

Correct Answer: E [₹ 9,600 crore]

Explanation:

RWA = capital ÷ CRAR = 1,200 ÷ 0.125 = ₹ 9,600 crore.

11.  
About dormant money in banks, which is/are correct?
I. A savings account with no customer-induced transaction for over 2 years is treated as inoperative.
II. Deposits unclaimed for 10 years or more are transferred to the DEA Fund and can no longer be claimed.
III. In hypothecation, possession of the goods stays with the borrower.

Correct Answer: C [Only I and III]

Explanation:

I and III true; money moved to the DEA Fund can still be claimed from the bank.

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