Wednesday, June 29, 2016

Bank Preparation 181

Directions (Q. 53-62) Study the following information carefully and answer the questions given
below.
Following are the conditions for granting agricultural loan of Rs.1 Lakh to the farmers by a
Gramin Bank.
The farmer must
(i) Have at least three acres of land
(ii) Not be more than 55 years old as on 1st November, 2008
(iii) Be able to provide collateral security of at least Rs.50000
(iv) Not be having any other outstanding loan from the bank
(v) Repay the loan in two years time

In the case of a farmers who satisfies all other criteria except
(a) At (iii) above but can give collateral security of at least Rs.25000, the case is to be referred to
the GM of the bank.
(b) At (iv) above but the balance outstanding loan is less than Rs.40000, the case is to be referred
to the Chairman of the bank.

In each question below is given the details of one farmer. You have to take one of the following
courses of action based on the information provided and the conditions and sub-conditions given
above. You are not to assume anything other than the information provided in each question. All
these cases are given to you as on 01st November, 2008.
Give answer
(a) If the loan is to be granted to the farmer
(b) If the loan is not to be granted to the farmer
(c) If the data provided are inadequate to take a decision
(d) If the case is referred to GM
(e) If the case is to be referred to the Chairman

53. SauravBehera was born on 12th July, 1962. He will repay the loan in 24 equated monthly
installments. He has provided collateral security of Rs.20000. He does not have any
outstanding loan from the bank. He owns four acre of land.

54. Jagat Das owns six acre of land. He was born on 5th December, 1960. He has an outstanding
loan from the bank of Rs.35000. He has provided collateral security of Rs.50000. He will
repay the loan in two years time.

55. Sudesh Gaur has provided collateral security of Rs.30000. He owns six acre of land. He will
repay the loan in two year time. He does not have any outstanding loan from the bank. He
was born on 28th February, 1961.

56. Mohd. Ghous owns three acre of land. He was born on 20th October, 1953. He does not have
any outstanding loan from the bank. He will repay the loan in 2 years time. He has provided
collateral security of 80000.

57. Nimesh Patel has an outstanding loan from the bank to the extent of Rs.35000. He will repay
the loan on two years time. He owns five acre of land. He has provided documents of
collateral security of Rs.55000. He was born on 08th May, 1958.

58. SushilGhatgeowns three acre of land and he does not have any outstanding loan from the
bank. He will repay the loan in 24 equated monthly installments. He has provided collateral
security of Rs.60000.

59. Mohan Dev was born on 02nd April, 1955. He owns four acre of land. He does not have any
outstanding loan from the bank. He will repay the loan within 2 years. He has provided
documents of collateral security of Rs.70000.

60. Francis D’Costa owns four acre of land. He was born on 15th July, 1959. He can repay the
loan in 2 years time. He has an outstanding loan from the bank to the extent of Rs.35000. He
has provided collateral security of Rs.65000.

61. Sukhdev Singh was born on 12th October, 1955. He will repay the loan in 24 equated monthly
installments. He has provided collateral security of Rs.70000. He own seven acre of land.

62. Neeraj Kumar owns five acre of land. He will repay the loan in 2 years time. He does not
have any outstanding loan from the bank. He has provided collateral security of Rs.30000. He
was born on 19th December, 1958.