Canara Bank Internal Promotion Exam 2023 – Quiz 1 October 9, 2023 Please enter your email: 1. KYC data of individual accounts is to be uploaded to Central KYC Registry(CKYCR) within how many days from the date of establishing account based relationship? (A) T+3 (B) T+5 (C) T+7 (D) T+10 2. Delegation of Powers for valuation of Agri Land by branch officials, By AEOs/AMRDs and AEO/AMRD Promotee Managers – Agricultural loans upto a limit of Rs. A. 20 lakh B. 30 lakh C. 40 lakh D. 50 lakh 3. What are the Key Points for Valuation of Movable / Hypothecated Asset in case of Agri loans ? ( HO CIR IC/7/2023 DT. 04.01.2023) (A) Agricultural loans which are sanctioned against hypothecation of Crops/Machinery/Live stock/Agriculture Produce, etc., value of the security should be updated in the system. Initially the valuation of Machinery to be done based on purchase amount of the assets, later on it should be updated considering the depreciation. The valuation of Crop and Agricultural produce to be done based on Mandi Price to verify the veracity of valuation. Separate collateral IDs to be created for Crop, Machinery, Livestock, Land etc. (B) Agricultural loans which are sanctioned against hypothecation of Crops/Machinery/Live stock/Agriculture Produce, etc., value of the security should be updated in the system. The valuation of Machinery should be done based on purchase amount of the assets, later on it should be updated considering the depreciation. The valuation of Crop and Agricultural produce to be done based on Mandi Price to verify the veracity of valuation. Separate collateral IDs to be created for Crop, Machinery, Livestock, Land etc. (C) Agricultural loans which are sanctioned against hypothecation of Crops/Machinery/Live stock/Agriculture Produce, etc., value of the security should be updated in the system. The valuation of Machinery should be done based on purchase amount of the assets, later on it should be updated considering the depreciation. The valuation of Crop and Agricultural produce to be done based on Mandi Price to verify the veracity of valuation. (D) Agricultural loans which are sanctioned against hypothecation of Crops/Machinery/Live stock/Agriculture Produce, etc., value of the security should be updated in the system. The valuation of Machinery should be done based on purchase amount of the assets, later on it should be updated considering the depreciation. The valuation of Crop and Agricultural produce to be done based on Mandi Price. 4. Online verification facility has been provided to all branches in …………. package for authenticity of PAN, Voter ID and Aadhaar number . (HO CIR IC/4/2023 DT. 03.01.2023) (a) SAS (b) Cannet (c) CBS (d) HRMS 5. Independent valuation reports from 2 empanelled valuers in respect of Agri loan accounts where the value of the property (Land & Building) is Rs …………. crores & above. ( HO CIR IC/7/2023 DT. 04.01.2023) (a) 10 crores (b) 20 crores (c) 30 crores (d) 40 crores 6. Which CBS Fast Path code is used to update the valuation report for Agri loans? (A) BAM-74 (B) LNM34 (C) ALM34 (D) BA021 7. Lands without any structures, in view of the dynamic status of productivity, valuation to be completed, once in how many years? Options: (A) 3 (B) 4 (C) 5 (D) 6 (E) 7 8. Which of the following is the maximum limit for agricultural loans that can be valued by branch officials under the delegation of powers by HO CIR IC/7/2023 DT. 04.01.2023? (A) Rs. 10 lakh (B) Rs. 15 lakh (C) Rs. 20 lakh (D) Rs. 25 lakh 9. Valuation of agricultural lands with structures (like farm house/poultry sheds) to be completed once in how many years? (A) 2 (B) 3 (C) 4 (D) 5 10. While valuing agri landed properties, which of the following aspects should be taken into consideration? (A) Local enquiries with reliable farmers (B) Perusal of records with the sub-registrar (C) Value of Building/Structure/Timber on the land (D) Nearness to market city and accessibility to the farm (E) All of the above Loading …Is fire hot or cold?
