🌾 INDIAN BANKING RADAR (IBR) - IBPS PO MAINS — BANKING INTELLIGENCE MOCK

🔥 PLATINUM SERIES 2.0 | VOL. 199

📅 15 OCTOBER 2026 | THURSDAY

🎯 TARGET: IBPS PO • SBI PO • IBPS RRB

📝 20 QUESTIONS | 20 MARKS

⏱️ TIME LIMIT: 20 MINUTES

❌ NEGATIVE MARKING: 0.25 MARK PER WRONG ANSWER

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🔥 THE BANKING INTELLIGENCE CHALLENGE

Test your ability to apply banking regulations, interpret financial systems, assess credit risks and solve practical banking scenarios.

INSTRUCTIONS

Attempt all 20 questions before checking the answer key.

Select the single best answer.

Correct answer: +1 mark.

Incorrect answer: −0.25 mark.

Unattempted answer: 0 marks.

📢 Follow IBR for daily banking intelligence and competitive examination practice.

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🔥 PLATINUM INTELLIGENCE MOCK

Q1. A customer maintains savings and fixed deposits totalling ₹8 lakh in the same insured bank, in the same right and capacity. Assuming no other deposits or accrued interest, what is the maximum amount protected under the general DICGC insurance limit?

A. ₹8 lakh

B. ₹5 lakh

C. ₹3 lakh

D. ₹4 lakh

E. ₹10 lakh

Q2. A term-loan borrower has not paid an instalment of principal or interest for 95 days. Assuming the general RBI norms apply and no special classification provision alters the result, what is the account's classification?

A. Standard asset

B. Special Mention Account-0

C. Non-performing asset

D. Special Mention Account-1 only

E. Written-off account automatically

Q3. Under Section 31 of the SARFAESI Act, 2002, which of the following is expressly excluded from the Act's enforcement framework?

A. A mortgage over every commercial property

B. Every loan granted to a company

C. Every secured loan exceeding ₹1 crore

D. Every loan secured by residential property

E. A security interest created in agricultural land

Q4. A cheque dated 1 August 2026 is presented on 20 November 2026. Under the general RBI rule that cheques are valid for three months, which conclusion is correct?

A. The cheque is ordinarily stale because its validity period has expired.

B. The cheque remains valid for six months.

C. The cheque remains valid for one year.

D. The cheque is valid for 90 working days.

E. The cheque remains valid until the account is closed.

Q5. An MSME supplies goods to a large buyer and raises an eligible invoice that the buyer accepts. The MSME wants finance against the receivable through an electronic platform involving financiers. Which mechanism is most appropriate?

A. CERSAI

B. CKYCR

C. NDS-OM

D. TReDS

E. CRILC

Q6. A bank has total deposits of ₹8,000 crore, including current account deposits of ₹800 crore and savings account deposits of ₹2,000 crore. What is its CASA ratio?

A. 25%

B. 35%

C. 40%

D. 45%

E. 60%

Q7. During KYC due diligence of a company, a bank identifies a natural person who owns 30% of its shares and exercises control over its management. What should the bank do?

A. Ignore the person because ownership is below 50%.

B. Treat the company's auditor as the beneficial owner.

C. Identify and verify the beneficial owner under the applicable KYC criteria.

D. Verify only the company's registered office.

E. Apply beneficial-owner identification only to individual accounts.

Q8. A lender discovers that the same property may have been offered as security to multiple lenders without proper disclosure. Which institution's central registry is specifically relevant to registering security interests and helping detect such risks?

A. CERSAI

B. DICGC

C. NPCI

D. IRDAI

E. PFRDA

Q9. A retail home loan is linked to an external benchmark. The benchmark changes, but the loan's contractual reset date has not yet arrived. Which statement is most appropriate?

A. The bank must immediately revise every instalment retrospectively.

B. The loan automatically converts into a fixed-rate loan.

C. The borrower must repay the entire loan immediately.

D. The rate change is applied according to the applicable benchmark-linked contractual reset mechanism and regulatory requirements.

E. The bank can ignore the benchmark permanently.

Q10. A customer wants to transfer ₹8 lakh electronically through a system that settles transactions individually in real time, without netting. Which payment system is designed for this purpose?

A. NACH

B. BBPS

C. AePS

D. CTS

E. RTGS

Q11. A fraudster obtains a customer's credentials and requests a change in the registered mobile number. Which control best reduces the risk of subsequent account takeover?

A. Prescribed customer authentication, appropriate verification and an auditable record of the change.

B. Accepting the request solely on the basis of an incoming telephone call.

C. Sharing the customer's OTP with the requester.

D. Disabling all transaction alerts permanently.

E. Allowing changes without retaining an audit trail.

Q12. During litigation, a bank is asked to produce records of transactions maintained in its books. Which legislation provides the relevant legal framework for the evidentiary use of entries in bankers' books?

A. Banking Regulation Act, 1949, exclusively

B. Reserve Bank of India Act, 1934, exclusively

C. Bankers' Books Evidence Act, 1891

D. Companies Act, 2013, exclusively

E. Foreign Exchange Management Act, 1999, exclusively

Q13. A bank wants to extend eligible collateral-free credit to a micro enterprise under a credit-guarantee mechanism. Which institution is associated with the guarantee mechanism specifically designed for eligible micro and small enterprise credit?

A. DICGC

B. CGTMSE

C. CERSAI

D. NPCI

E. PFRDA

Q14. A self-help group has maintained regular savings, conducted internal lending and demonstrated satisfactory repayment discipline. Which approach is most appropriate when considering its bank-credit application?

A. Reject the group because SHGs cannot borrow from banks.

B. Insist that every member must provide immovable property collateral in every case.

C. Treat the group's savings as an automatic government grant.

D. Assess the group's functioning, credit needs and repayment discipline under applicable lending norms.

E. Permit credit only if the group is incorporated as a company.

Q15. A cheque is returned unpaid, and the payee considers initiating proceedings under the statutory framework governing cheque dishonour. Which legislation contains the relevant provisions, including Section 138?

A. SARFAESI Act, 2002

B. Banking Regulation Act, 1949

C. Payment and Settlement Systems Act, 2007

D. Bankers' Books Evidence Act, 1891

E. Negotiable Instruments Act, 1881

Q16. A company needs to make recurring salary payments to hundreds of employees and collect authorised periodic payments from customers. Which payment system is particularly suitable for such bulk recurring transactions?

A. NACH

B. RTGS exclusively

C. NDS-OM

D. CERSAI

E. TReDS

Q17. A small enterprise has outstanding invoices from several buyers. A financier agrees to finance or acquire the receivables under a factoring arrangement. Which statement is correct?

A. The transaction is a form of deposit insurance.

B. It is necessarily an equity investment in the enterprise.

C. It is factoring; allocation of credit risk depends on whether the arrangement is with recourse or without recourse.

D. It is identical to a government-security repo in every respect.

E. It eliminates every possibility of buyer default.

Q18. A customer consents to share specified financial information with a participating financial institution through India's Account Aggregator framework. Which statement best describes the framework?

A. It allows unrestricted access to all financial records without consent.

B. It facilitates consent-based sharing of financial information between participating entities.

C. It replaces all KYC requirements.

D. It guarantees a loan to every customer whose data is shared.

E. It functions exclusively as a credit-rating agency.

Q19. A customer reports an unauthorised electronic transaction to a bank. What is the most appropriate immediate response?

A. Reject the complaint without examining the transaction.

B. Wait until the next annual audit to investigate.

C. Delete the relevant system logs.

D. Register the complaint promptly, preserve relevant evidence, initiate the applicable investigation and reporting process, and guide the customer on securing the account.

E. Tell the customer that electronic transactions cannot be disputed.

Q20. A customer has complained to a covered regulated entity about a deficiency in service. The complaint remains unresolved, and the applicable conditions for escalation are met. Which mechanism may provide an eligible route for redress?

A. CERSAI's security-interest registry

B. CGTMSE's credit-guarantee mechanism

C. NDS-OM's government-securities trading platform

D. DICGC's deposit-insurance mechanism for every service complaint

E. RBI Integrated Ombudsman Scheme, 2021

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🗝️ ANSWER KEY

Q1. B

Q2. C

Q3. E

Q4. A

Q5. D

Q6. B

Q7. C

Q8. A

Q9. D

Q10. E

Q11. A

Q12. C

Q13. B

Q14. D

Q15. E

Q16. A

Q17. C

Q18. B

Q19. D

Q20. E

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🧠 EXAM TRAPS — REMEMBER THESE

DICGC: ₹5 lakh is the aggregate insurance limit per depositor per insured bank in the same right and capacity, not per account.

NPA: The general term-loan norm uses more than 90 days overdue; special rules may apply to particular categories.

SARFAESI: Agricultural-land security is an important statutory exclusion.

TReDS: It facilitates receivables financing; it is not a deposit-taking platform.

CASA: The denominator is total deposits, not total assets.

RTGS: Real-time gross settlement differs from deferred net settlement.

CGTMSE: Credit guarantee support does not cancel the borrower's liability.

Factoring: Recourse terms affect who bears the risk of non-payment.

Account Aggregator: Consent-based data sharing is central to the framework.

Ombudsman: Eligibility and procedural conditions matter; not every complaint automatically qualifies.

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🏆 POST-MOCK PERFORMANCE ANALYSIS

Score: ____ / 20

Wrong answers: ____

Unattempted questions: ____

Conceptual errors: ____

Careless errors: ____

SCORING FORMULA

Score = Correct answers − (0.25 × Wrong answers).

Unattempted questions carry zero marks.

IBR SELF-ASSESSMENT BENCHMARK

(Not official IBPS cut-offs)

🔥 18–20: Excellent

🟢 16–17: Strong

🟡 13–15: Needs revision

🟠 10–12: Strengthen fundamentals

🔴 Below 10: Revisit core concepts

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📌 60-SECOND MASTER RECALL

Deposit insurance → DICGC

Security-interest registration → CERSAI

MSME receivables financing → TReDS

MSE credit guarantees → CGTMSE

Real-time gross settlement → RTGS

Bulk recurring payments → NACH

Bankers' books as evidence → Bankers' Books Evidence Act

Cheque dishonour → Negotiable Instruments Act

Consent-based financial-data sharing → Account Aggregator

Eligible complaints against covered regulated entities → RBI Integrated Ombudsman Scheme

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🎯 YOUR ACTION ZONE

1. ATTEMPT: Complete all 20 questions within 20 minutes.

2. SHARE: Forward this mock to fellow banking aspirants and colleagues.

3. ENGAGE: Comment with your score out of 20 and identify the question you found most challenging.

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🔥 IBR EXAM MANTRA

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