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BOM Generalist Officer 2023: Exam Analysis

Published on Tuesday, January 24, 2023

Hello students,
The Bank of Maharashtra Generalist Officer exam (Scale 3) was held on 22nd January 2023. Most of the questions asked are from the "Financial Awareness" section of our BoM Generalist Officer course.

Professional Knowledge

  • PSL - Crop Season or Harvest Season
  • FEMA Full Form - Foreign Exchange Management Act
  • IFSC Ful Form - Indian Financial System Code
  • Reverse Repo Rate - 3.35%
  • SLR Rate - 18.00%
  • Negotiable Instrument Act Section 18 - Cheque in the form of Figure or Words
    • Where the amount is stated differently in figures and words.—If the amount undertaken or ordered to be paid is stated differently in figures and in words, the amount stated in words shall be the amount undertaken or ordered to be paid.
  • Lok Adalat - 20 Lacs
    • Lok Adalat to settle banking disputes involving amounts up to Rs. 20 lakhs.
  • Bailer Bailee
  • RBI Consortium -  SMA I, SMA II - Individually or combined
  • DD Should not be given above Rs. 20000 as per which act?
    • Under Sec 269SS of the Income Tax Act, 1961, one cannot take a loan or pay more than Rs 20,000 in cash.
  • Numerical
    • Rs. 3 Lacs is the initial Capital 
    • Rs. 25000 Utilized  for business purposes
    • Rs. 1.2 Lacs Profit
    • Rs. 30000 Tax Paid
    • Capital Carry Forward
  • AML Documents for how many years  - 5 Years
    • AML regulations require that transactions made throughout the life of the business relationship be kept as part of the firm's records. The time required to keep such records is up to five years from the date of completion of the transaction.
  • The Deferred Bank guarantee is also a financial or Performance Guarantee?
  • Standalone LC is a Bank guarantee?
  • Smera full form - SME Rating Agency of India Limited
  • Care full form - Cooperative for Assistance and Relief Everywhere
  • Basic Savings Bank Deposit Account(BSBDA) amount limit 
    • The maximum balance in the account should not exceed fifty thousand rupees at any time. The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month.
  • Sukanya age limit
    • The Sukanya Samriddhi Yojana account can be opened in the name of a girl child, by her parents or legal guardians, any time before the girl child attains 10 years of age.
  • RBI lending against security is called which rate - 
  • CRR is given at what rate - 4.50%
  • SLR comes in which section - Section 24 of the Banking Regulation Act, of 1949.
  • What happens when irrevocable power of attorney is executed in name of ram but after 4 months Shyam informs the bank ram is not power of attorney? 
  • Pmjjby annual premium
    • PMJJBY - Pradhan Mantri Jeevan Jyoti Bima Yojana - A life cover of Rs. 2 lakhs is available under the PMJJBY scheme, at a premium of Rs.330 per annum per member, and is renewable every year. If someone has a joint account, all the account holders can join the scheme, provided they meet its eligibility criteria and agree to pay the premium at the rate of Rs.330 per person.
  • PMSBY Maximum Age - 
    • Pradhan Mantri Suraksha Bima Yojana - The Scheme is available to people in the age group 18 to 70 years with a bank account who give their consent to join/enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis.
  • Dishonor of cheque maximum imprisonment - Two Years
    • According to Section 138 of the Negotiable Instrument Act, the dishonor of a cheque is a criminal offense and is punishable by imprisonment of up to two years or with a monetary penalty or with both.
  • Negotiable Instrument Act Section 138 
  • Bank guarantee, Letter of comfort
  • Internal ombudsman/cco for 5 to 10 cr timeline Apr 2025.
  • RBI circular 2021 June. 
  • Medium enterprises investment limit - Rs. 50 to 250 crores.
  • When the customer presents a cheque to the branch for payment.
  • Relationship between bank and customer
  • Collateral-free loan by NBFC, 10 lakhs.
  • Negotiable Instrument Act 
  • Evidence Act 
  • Sarfaesi Act
  • RBI Circulars 
  • Current Ratio

Quantitative Aptitude


No. of Questions

Data Sufficiency


Data Interpretation


Number Series (Missing)




Ratio Proportion


Miscellaneous Questions - 




Reasoning Ability

Topics No. of Questions
Direction Sense 5
Data Sufficiency 5
Inequality 5
Syllogism 5
Puzzle 10
Total 30

English language

Topic No. of Questions
Reading Comprehension 10
Rearrangement 5
Error Spotting 10
Double Fillers 5
Total 30
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