PNB Promotion Exam Previous Year Questions – Part 1

Check the previous year’s questions related to the Punjab National Bank (PNB) Promotion Exam.

Credit and Asset Quality

1. Under the PNB Transport Scheme, what is the minimum on-road purchase price of vehicles against which an OD limit can be allowed?

2. In which cases is a valuation from one bank-empanelled valuer required when the realizable value of an individual flat/unit is considered?

3. If an asset is classified as Doubtful Category-2 (DB-2), what is the applicable period in the doubtful category and the provisioning requirement for the secured portion?

4. Which of the following conditions is NOT applicable to Bank Guarantees with an Automatic Renewal Clause opened through SFMS?

5. Under Section 7(4) of the Insolvency and Bankruptcy Code (IBC), within how many days must the Adjudicating Authority determine whether a default has occurred after receiving an application?

6. Under which Accounting Standard are consolidated financial statements prepared?

7. Who is authorised to update and modify the list of trades under the PM Vishwakarma Scheme, with the approval of the Minister for MSME, Government of India?

8. What is the applicable margin under the E-GST Express Scheme for stocks and bills of exchange up to three months old?

9. Under the Techno-Economic Viability (TEV) mechanism, who is the convenor of the Committee for Conflict Resolution, and what is its quorum?

10. In MSME financing, above what value of plant and machinery are two valuers required?

11. What are the applicable time period and provisioning requirements for assets classified as Doubtful Category-2 (DB-2)?

12. Which authority is empowered to amend the list of trades under the PM Vishwakarma Scheme?

13. Under the rooftop solar subsidy scheme, what is the maximum subsidy available for systems above 3 KW and up to 10 KW?

14. What is the applicable fee for a due diligence report in consortium lending per ₹1 crore?

15. In an NPA account, above what value of Property Collateral Mortgage (PCM) is valuation by two valuers required?

16. Who is the competent authority to issue a mandate for initiating or terminating the Pre-Packaged Insolvency Resolution Process in an NPA account of ₹28 crore?

17. Under Financial Supply Chain Management, which of the following is NOT an acceptable form of recourse to the Anchor?

• First Loss Default Guarantee (FLDG)
• Loss Make-up Guarantee (LMUG)
• Letter of Comfort (LC)
• Corporate Guarantee
• Collateral Top-Up Note

18. Under the Digital Personal Loan scheme, customers who have fully repaid and closed their Home Loan, Car Loan, Education Loan or Personal Loan within how many years are eligible?

19. Up to what outstanding amount is the E-OTS scheme applicable?

20. Under the Special OTS Scheme, which NPA accounts classified as Doubtful or Loss are excluded from the scheme based on their outstanding balance and market value coverage of securities?

21. What is the name of PNB’s education loan scheme for students admitted to premier institutions?

22. What are the limitation periods applicable to mortgaged properties and movable assets?

23. Under PNB Digi Car Loan, what minimum percentage of the income shown in the latest ITR must be reflected as total credits in the customer’s bank statement?

24. Who is responsible for identifying Quick Mortality in a loan account of ₹80 lakh?

25. What is the validity period of a solvency certificate?

26. Which MCLR is considered while calculating the Net Present Value of the Realizable Value of Securities (NPVRV), net of the cost of realization?

27. Which of the following is NOT a permitted purpose for corporate loans?

• Building up of Net Working Capital (NWC)
• Repayment of existing high-cost debts
• Leveraging specific cash streams accruing to the company
• Implementation of a Voluntary Retirement Scheme (VRS)
• Meeting research and development expenditure
• Any other purpose that may help in business growth, expansion or operations

28. Negative Covenant NC2, relating to the formulation of any scheme of amalgamation or reconstruction, is not applicable to which entities?

29. Under consortium or multiple banking arrangements, what is the minimum aggregate fund-based and non-fund-based credit limit above which a Due Diligence Report is required?

30. During revaluation of an individual property, what percentage of negative variance from its earlier valuation requires referral to the sanctioning authority?

31. What are the maximum personal living expenses permitted on a declaration basis, without receipts, for courses of up to one year and courses exceeding one year?

32. What is PNB Samarth, and what are its key features relating to stressed asset management and recovery processes?

33. Which of the following is NOT an eligible instrument under Credit Risk Mitigation?

• Cash, including certificates of deposit or comparable instruments issued by the lending bank
• Gold, including bullion and jewellery
• Securities issued by Central and State Governments
• Kisan Vikas Patra and National Savings Certificates
• Life Insurance Policies having a declared surrender value
• Eligible debt securities
• Eligible units of Mutual Funds
• Securities issued by listed companies

Risk, Audit and Compliance

34. Under the Risk-Based Audit System, if the overall risk category is High and Decreasing, what is the minimum percentage of transactions required to be tested?

35. What was the Capital Adequacy Ratio (CAR) of PNB?

36. Under the Risk-Based Internal Audit (RBIA) system, what is the minimum transaction testing requirement when the overall risk category is High and Decreasing?

37. How many parameters are covered under the Internal Evaluation Segment of the Compliance Risk Assessment Model (CRAM)?

38. Who are the invitees to the Operational Risk Management Committee (ORMC)?

39. Within how many days must External Concurrent Auditors submit their audit report after completion of the audit, and what penalty is imposed for delayed submission?

40. Under ZRMC monitoring of Unhedged Foreign Currency Exposure (UFCE), what percentage of adverse exchange rate movement triggers monitoring?

41. Within how many days must fraud cases related to cards be reported?

Treasury and Forex

42. What is the maximum permitted limit for writing off unrealised export bills as a percentage of total export proceeds?

43. What is the maximum percentage of total export proceeds realised during the previous calendar year that an exporter can self-write off in respect of unrealised export bills?

44. How many current accounts can eligible firms open under the Diamond Dollar Account (DDA) scheme?

45. What is the maximum number of Diamond Dollar Accounts (DDA) that a customer can open?

46. Under standing arrangements with Online Payment Gateway Service Providers (OPGSPs), what is the maximum value of import payments for goods and software that AD Category-I branches are permitted to facilitate?

47. What is an Exchange Earners’ Foreign Currency (EEFC) Account, and what are its important features?

48. Under the Interest Equalisation Scheme, loans priced at an average interest rate greater than Repo Rate plus how much percentage are subjected to certain restrictions before subvention?

IT and Cybersecurity

49. What type of cyberattack involves malicious actors using sophisticated malware to gain unauthorised access to sensitive or proprietary information and remain undetected in an organisation’s IT infrastructure for a prolonged period?

50. As per the Information Security Policy, which of the following is NOT considered a privileged user?

• System Administrators
• Database Administrators
• Security Administrators
• Network Administrators
• Application Administrators

HR and Administration

51. What is the full form of HRMD in PNB?

Fintech, Digital Banking and E-Commerce

52. Under Internet Banking, what is the maximum amount permitted per Quick Transfer transaction, and how many Quick Transfer transactions are allowed in a day?

53. What is the maximum permissible amount for a Liberalised Remittance Scheme (LRS) transaction through PNB One?

54. How many digits are there in the CVV of a debit or credit card used for online transactions?

Operations

55. Which variant of the Gold Monetization Scheme is offered by PNB?

56. What is the name of the RBI’s centralised web portal that enables customers to search for unclaimed deposits across multiple banks?

57. Which RBI guidelines must branches follow for the detection and impounding of counterfeit currency notes?

58. If a customer grievance is not resolved satisfactorily, after how many days is the complaint transferred to the Internal Ombudsman?

59. Under the Tab-based Credit Exposure to Open Current Account facility, what is the applicable credit exposure limit?

60. Under the revised ASBA and depository services policy, within how many days has the timeline for listing shares in public issues been reduced?

61. Which of the following was NOT a subsidiary of PNB?

• PNB International Ltd., UK
• Druk PNB Bank Ltd., Bhutan
• PNB Investment Services Ltd.
• PNB Cards and Services Ltd.
• PNB Gilts Ltd.

62. As per the Bank’s locker policy, what details must be engraved on locker keys to facilitate identification by law enforcement agencies?

63. Which of the following rights are covered under the Customer Rights Policy?

• Right to Fair Treatment
• Right to Transparency, Fair and Honest Dealing
• Right to Suitability
• Right to Privacy
• Right to Grievance Redress and Compensation
• Operation of Bank Accounts by Old, Sick and Incapacitated Customers

64. During a surprise inspection by RBI, which of the following would NOT be considered an irregularity in a bank branch?

• Non-availability of a ramp and railing at the branch entrance
• Non-issuance of computer-generated cash receipts to customers
• Non-maintenance of a complaint register
• Non-updation of the comprehensive notice board
• Non-availability of separate counters or preference for senior citizens and differently abled persons
• Non-issuance of acknowledgement mentioning the expected time for disposal of loan applications
• Non-maintenance or non-updation of the Customer Service Committee meeting register

65. What are the competent authorities and their respective financial powers under the Customer Compensation Policy of PNB?

66. How many APs (Action Points) are covered under Ease 7.0?

67. Which of the following services is NOT available through WhatsApp Banking?

• Financial transactions such as fund transfers and bill payments
• Customer support for complex issues
• Account opening and onboarding services
• Change of personal details such as address, mobile number or email address
• Closure of accounts
• Dispute resolution for banking transactions

68. Under the Prevention of Money Laundering Act (PMLA), which of the following reports is NOT required to be submitted to the Financial Intelligence Unit (FIU)?

69. What is the full form of CRAM in the context of banking compliance?

70. What is the Safety Ring functionality in PNB, and how does it work for premature online withdrawal or availing an overdraft facility against Term Deposits?

71. Under the PNB Apun Bahan scheme, what is the maximum deduction available under the Gold Monetization Scheme (GMS), and what is the applicable limit under the salary scheme?

72. What is the penalty for a branch violating the RBI’s Note Refund Rules or note exchange policy?

73. What is PNB Smart Banking CA, and what are the minimum and maximum cash withdrawal limits per account per day without using a physical or virtual debit card?

74. What are the minimum and maximum credit limits under the RuPay Credit Card variant, and what are the applicable cash withdrawal limits?

75. Under PFRDA guidelines, which of the following is NOT covered under the emergency withdrawal provisions of the National Pension System (NPS)?

• Medical emergency
• Permanent disability
• Death of the subscriber
• Withdrawal from Tier II account

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