Sample CAIIB questions asked and case studies .

A claim of Rs 49 lacs has been settled by ECGC in favour of X bank against default of rs 70 lacs . Subsequently the bank realizes Rs 15 lacs with the collaterals available to the Loan. what will be actual amount settled by ECGC after reailzation of security of the bank ? A- 49 lakh B- 42.5 lakh C-38.5 lakh D-34 lakh

 

A person wants to receive Rs. 1250 every quarter for 5 years @ 12% roi. How much he should invest now? a. 18975 b. 18795 c. 18579 d. 18597

 

Mr X has been enjoying a credit card from ABC Bank. The bank has fixed a spending limit of Rs. 200000 lac on his card. During July 2016, he made purchase of Rs. 150000 and paid on due date (10 Aug 2016) Rs. 120000 being a part of the outstanding amount of Rs. 150000. On 11 Aug 2016, he made additional purchase of Rs. 70000. Rate of interest charged by bank is 2 % per month. Answer the following questions 01. What would be the minimum payment requirement on credit card dues during any month? a.3% of due b.5% of due c.8% of As due d.10% of due Ans - b Minimum payment require 5% 02. As the bank charges interest at 2% per month, what would be the annual effective rate to the user? a. 24.52% b. 26.82% c. 27.92% d. 28.64% Ans - b Solution Effective interest rate=(1+r)^n-1 =(1+0.02)^12-1 =1.26824-1 =0.26824 =26.82% 03. Daily interest charged on outstanding balance as on 11 Aug 2016 will be ...... a. Rs.60.50 b. Rs.65.75 c. Rs.70.10 d. Rs.75.25 Ans - b Solution Daily interest charged=Due outstanding*12/365*r =(30000+70000)*12/365*0.02 =100000*12*.02/365 =24000/365 =65.75 04. Total interest Charged on 10 Sep 2016 will be ...... a. Rs.1865 b. Rs.1908 c. Rs.1973 d. Rs.2036 Ans - c Solution Total interest charged= no of days outstanding * Daily interest From 11 Jul 2016 to 10 Aug 2016 = 30 days =30*65.75 =1973 05. If Mr A wants to clear all his dues on the due date on 10 Sep 2016, what amount would be required to pay ...... a. Rs.30000 b. Rs.70000 c. Rs.100000 d. Rs.101913 Ans - d Solution outstanding amount+additional purchase+interest =30000+70000+1973 =101973

 

I applied but didn't get the same answer can u plz elaborate the same

 

Mr X has been enjoying a credit card from ABC Bank. The bank has fixed a spending limit of Rs. 200000 lac on his card. During July 2016, he made purchase of Rs. 150000 and paid on due date (10 Aug 2016) Rs. 120000 being a part of the outstanding amount...See more

 

ECGC settled 49lacs which is 70%of 70lacs (default Amt) so 70lacs - 15lacs (secured portion) = 55lacs 70% of 55lacs = 38.50lacs

 

Solution-ECGC sttled 49 lakh out of 70 lakh i.e 70 %. so ecgc will settle only 70 % . As the amount 15 lakh has been realised so new claim amount will be 70-15= 55 lakh .And the new settlement amont 55 lakh so the actual amount settled 55 *70/100= 38.5 lakh

 

Q- A/c of ABC has become doubtful with balance of Rs 6 lac. the collateral security value is rs 3 lac and that of principal security is rs 2 lac. Gurantors worth is 10 lac. A/c is more than 1 yr and up to 3 yr doubtful category. What will be the proviion as on mar 13. A-1.5, B-2.50, C-1.80, D- 3.0 lac

 

bhai kuch to concept hona chaiye na term loan (business purpose) mai milta hai ushka concept hai education loan per concept hai but car or bike per concept mujhey samjh na aata hai as a financial expert

 

@batpool52! car loan or bike ka koi concept nhi h.. simple h.. as margin base.

 

Case Study - Retail Banking - 1 A bank "X" issued a platinum credit card to mr. A with a credit limit of rs. 1,00,000. The bill date is 2nd of every month and due date is 22nd of the same month. The rate of interest charged is 2.38% per month. interest is calculated on daily basis. Note: there is no interest charged for the first 50 month. Overdue charges is rs. 600 Mr. A makes a shopping worth rs. 1,00,000 in the month of july and paid rs. 85000 on 22nd july and rest pays on 10th august with final payment. Q.1 For how much days interest will be paid? i) 18 days ii) 21 day iii) ..... days iv) No interest will be paid as MAD is paid Q.2 What will be the financial charges on final payment? Q.3 How much payment he will make in the full settlement at 10 august? Q.4 What will be the overdue charges for the month? Q.5 What will be the late payment charges are levied on him?

 

Mr X drawing annual salary of Rs. 2000000 has been enjoying a credit card from ABC Bank. The bank has fixed a spending limit of Rs. 300000 lac on his card. During Dec 2016, he made purchase of Rs. 250000 and paid on due date (10 jan 2017) Rs. 190000 being a part of the outstanding amount of Rs. 300000. During 11 Jan 2017, he made additional purchase of Rs. 100000. Rate of interest charged by bank is 3 % per month. Answer the following questions 01. What would be the minimum payment requirement on credit card dues during any month? a.3% of due b.5% of due c.8% of As due d.10% of due Ans - b Minimum payment require 5% 02. As the bank charges interest at 3% per month, what would be the annual effective rate to the user? a. 36% b. 42.58% c. 39% d. None of the above Ans - b Solution Effective interest rate=(1+r)^n-1 =(1+0.03)^12-1 =1.42576-1 =0.42576 =42.58% 03. Daily interest charged on outstanding balance as on 11 Jan 2017 will be ...... a. Rs.207.12 b. Rs.210.72 c. Rs.202.10 d. Rs.207.00 Ans - a Solution Daily interest charged=Due outstanding*12/365*r =(110000+100000)*12/365*0.03 =210000*12*.03/365 =75600/365 =207.12 04. Total interest Charged on 10 Feb 2017 will be ...... a. Rs.6420 b. Rs.6214 c. Rs.6312 d. Rs.6210 Ans - b Solution Total interest charged= no of days outstanding * Daily interest From 11 Jan 2017 to 10 Feb 2017 = 30 days =30*207.12 =6214 05. If Mr A wants to clear all his dues on the due date on 10 Feb 2015, what amount would be required to pay ...... a. Rs.100000 b. Rs.110000 c. Rs.210000 d. Rs.216214 Ans - d Solution outstanding amount+additional purchase+interest =110000+100000+6214 =216214

 

An asset cost Rs. 3,30,000/- has residual value of Rs. 30,000/-, and is expected to last 4 years. Calculate the depreciation for 2nd year using double declining Method. a. Rs. 72,500/- b. Rs. 72,250/- c. Rs. 82,250/- d. Rs. 82,500/- How to solve it???? Sir please guide..

 

Asset in doubtful category for 4 years - Rs - 600000. Realization value of security- 4 lakh what will be the provision requirement ? A-600000 B-400000 C-200000 D-None

 

An asset cost Rs. 3,30,000/- has residual value of Rs. 30,000/-, and is expected to last 4 years. Calculate the depreciation for 2nd year using double declining Method. a. Rs. 72,500/- b. Rs. 72,250/- c. Rs. 82,250/- d. Rs. 82,500/-

 

Let the sir answered the question I ll definitely put soltn

 

For double declining method depreciation is 200% of straight line depreciation cost ,Fr straight line method it is 25% since life of asset is 4years so for double declining method depreciation is 50%

 

1....23-09= 18 days2....15000*2.38*12*18/36500=211.26573..15000+2112657=15211.2657

 

Mr X drawing annual salary of Rs. 2000000 has been enjoying a credit card from ABC Bank. The bank has fixed a spending limit of Rs. 300000 lac on his card. During Dec 2016, he made purchase of Rs. 250000 and paid on due date (10 jan 2017) Rs. 190000 be...See more

 

A-Ans-Since it has been in 4 years now it is in 5th year so the provision wil be 100 % as in D3 category. So provision will be on full loan amount 1.e- 6 lakh

 

Recollected ques retail banking Depreciation calculation using wdv and slm... Future value of bond/annuity. CERSAI is formed under which act?..... Car loan calculations..... Many questions from retail banking services.... Customer relationship management....

 

Kindly share the questions of RETAIL BANKING paper..

 

Friends, I had answered 2 case studies on income tax benefit on joint housing loan along with solution. I hope members can go through and solve other problems themselves. Let me post case studies on other chapters tomorrow. Let me also update the case studies on our website daily.

 

Mr X and Mrs. X has taken loan based on their income (50:50). They paid 2 lac & 2 lac towards the principal & Interest respectively. i) Find rebate for Mr. X towards Principal ii) Find rebate for Mrs. X towards Principal iii) Find rebate for Mr. X towards Interest iv) Find rebate for Mrs X towards Interest Ans : 1. 100000, 2. 100000, 3. 100000, 4. 100000 Explanation : The maximum tax deduction allowed under Section 80C towards Principal is Rs. 1,50,000 for each joint owners The maximum tax deduction allowed under Section 24 towards Interest is Rs. 2 Lakhs for each joint owners 1. Mr. X has paid Rs. 100000/- (200000*50/100) towards Principle. So, he can claim rebate for Rs.100000/- 2. Mrs. X has paid Rs. 100000/- (200000*50/100) towards Principle. So, she can claim rebate for Rs.100000/- towards Principal 1. Mr. X has paid Rs. 100000/- (200000*50/100) towards Interest. So, he can claim rebate for Rs.100000/- 2. Mrs. X has paid Rs. 100000/- (200000*50/100) towards Interest. So, she can claim rebate for Rs.100000/- towards Principal Each applicant and co-applicant can separately claim a maximum tax deduction of Rs. 1.50 lakh per annum for principal repayment under Section 80C and Rs. 2 lakh per annum for interest payment, under Section 24. However, the total tax benefit by all joint owners cannot exceed the total principal repayment and interest payment during the year. But the following conditions must be met. You must be a co-owner in the property– To be able to claim tax benefits for a home loan, you must be an owner in the property. Many a times, a loan is taken jointly, but the borrower is not an owner as per the property documents. In such a case you may not be able to claim tax benefits. You must be a co-borrower for the loan –Besides being an owner, you must also be an applicant as per the loan documents. Owners who are not borrowers and do not contribute to the EMI shall be devoid of the tax benefits.

 

sir tell me how to do bfm numericals bcoz dis time I didn't clear next time I wanna to crack

 

Ppl who have taken Corporate Banking elective, is Macmillan book sufficient?

 

Ans : 1. 100000, 2. 100000, 3. 100000, 4. 100000Explanation :The maximum tax deduction allowed under Section 80C towards Principal is Rs. 1,50,000 for each joint ownersThe maximum tax deduction allowed under Section 24 towards Interest is Rs. 2 Lakhs for each joint owners1. Mr. X has paid Rs. 100000/- (200000*50/100) towards Principle.So, he can claim rebate for Rs.100000/-2. Mrs. X has paid Rs. 100000/- (200000*50/100) towards Principle.So, she can claim rebate for Rs.100000/- towards Principal1. Mr. X has paid Rs. 100000/- (200000*50/100) towards Interest.So, he can claim rebate for Rs.100000/-2. Mrs. X has paid Rs. 100000/- (200000*50/100) towards Interest.So, she can claim rebate for Rs.100000/- towards PrincipalEach applicant and co-applicant can separately claim a maximum tax deduction of Rs. 1.50 lakh per annum for principal repayment under Section 80C and Rs. 2 lakh per annum for interest payment, under Section 24. However, the total tax benefit by all joint owners cannot exceed the total principal repayment and interest payment during the year.But the following conditions must be met.You must be a co-owner in the property– To be able to claim tax benefits for a home loan, you must be an owner in the property. Many a times, a loan is taken jointly, but the borrower is not an owner as per the property documents. In such a case you may not be able to claim tax benefits.You must be a co-borrower for the loan –Besides being an owner, you must also be an applicant as per the loan documents. Owners who are not borrowers and do not contribute to the EMI shall be devoid of the tax benefits.

 

Sir then towards interest it should be 2 lakh each ..as it is exceeding 150000 in principal amount

 

Friends other current liabilities me kon kon si items aati h ..solving MPBF qustions to find out WCG

 

Sir plz provide depreciation question based on SLM and WDV method both.