Indian Overseas Bank LBO – Mock 01

Question: Relationship between Marginal Standing Facility (MSF) rate and Repo Rate in RBI corridor? (a) MSF is 25 bps above

Question: Under RBI Integrated Ombudsman Scheme 2021, maximum compensation for mental agony and harassment? (a) ₹50,000 (b) ₹1 Lakh (c)

Question: Which section of Negotiable Instruments Act 1881 deals with dishonour of cheque for insufficiency of funds? (a) Section 138

Question: What is NPCI’s standard per-transaction limit for normal P2P transfers using UPI? (a) ₹50,000 (b) ₹1 Lakh (c) ₹2

Question: Minimum threshold of outstanding dues for initiating recovery under SARFAESI Act 2002? (a) ₹10,000 (b) ₹50,000 (c) ₹1 Lakh

Question: Minimum default amount required to initiate CIRP under Insolvency and Bankruptcy Code (IBC) 2016? (a) ₹10 Lakhs (b) ₹50

Question: What is the sub-target for Agriculture sector under Priority Sector Lending (PSL) for domestic commercial banks? (a) 10% of

Question: What is the maximum deposit insurance coverage provided by DICGC per depositor per bank? (a) ₹1 Lakh (b) ₹2

Question: Under which section of RBI Act 1934 are scheduled commercial banks required to maintain CRR with RBI? (a) Section

Question: According to Section 24 of Banking Regulation Act 1949, maximum statutory ceiling limit for SLR is? (a) 25% (b)