1. What are the characteristics that need to be present in an instrument to be said as negotiable instrument?
a) Written instrument with signature
b) Instrument made or drawn for consideration
c) Transfer/ negotiation by endorsement/ delivery
d) Bonafide and valuable
e) All the above
2. BCBS stands for ......
a) Banks Commission for Basel Supervision
b) Basel Committee on Banking Supervision
c) Banking Companies and Business System
d) Banks Committee on Business Supervision
e) None of the above
3. 'Depository services' means ......
a) An agency for safe keeping of securities
b) A bank accepting deposits from customers and service the customers
c) Bank accepting deposits from other bank as a depository services
d) Both b and c
e) None of these
4. Identify the following rates decided by bank .........
a) Bank rate
b) Repo rate
c) Base rate
d) CAR
e) None
5. Which of the following is also known as 'Smart Money' ?
a) Credit cards
b) Electronic cheques
c) Plastic money
d) All the above
e) None of these
6. Statutory Liquid Ratio (SLR), is a mechanism used by commercial banks to ......
a) Provide cash deposits to RBI
b) Liquidate the government fixed properties
c) Avoid government monetary policies with the help of RBI statutory planning
d) Provide credit to government
e) None of these
7. What do you mean by term 'Gilt-edged security'?
a) Government security that is a claim on the government and is a secure financial instrument which guarantees both capital and interest.
b) A financial instrument which is a coupon for corporate security, and payable on demand by corporate to the banks along with the demanded interest.
c) Is a security which is widely used in of day to day banking and commercial financial transactions.
d) It is a security which is easily transferable. And banks can widely accept from public for encashment, providing loans, as securities etc.
e) None of these
8. Identify the bank reasons for returning the cheque unpaid ......
a) No agreement
b) Payment stopped
c) Refer to drawer
d) Exceeds agreement
e) All the above
9. Coins with the value of 50 paise and below are called as ......
a) Small coins
b) Paise value coins
c) Mint coins
d) RBI coins
e) None of these
10. If a cheque is crossed then the status of the cheque is ......
a) It is an invalid document
b) Cheque cannot be enchased even though it is deposited in the payee account
c) The cheque is ineligible to get cash across the counter
d) The cheque is considered as cancelled cheque
e) None of these
11. Banks dishonouring the cheque is called as ......
a) Bank cancelling the cheque
b) Stopping cheque without payment
c) Nullifying of the cheque
d) Truncating the cheque
e) None of these
12. Which of the following is not an instructional credit agency ?
a) Money lenders
b) Commercial banks
c) NBFCs
d) Regional rural banks
e) Co-operative societies
13. Whose signature is found on an one-rupee currency note of india?
a) RBI Governor
b) Finance Secretary of India
c) Deputy Governor of RBI
d) Prime Minister of India
e) Finance Minister of India
14. Who among the following cannot open a savings bank account?
a) A business entity
b) Two persons jointly
c) Both a and b
d) An individual
e) Trusts
15. Interest rate policy belongs to .......
a) Fiscal policy
b) Monetary policy
c) Bank policy
d) Banking Business policy
e) None of these
16. Mr.X an indivical can open following account (s) with a bank ......
a) Savings account
b) Current account
c) Fixed deposit account
d) All the above
e) Only a and c
17. What are the first six numbers indicate in MICR cheque?
a) Cheque number
b) City code
c) Bank code
d) Branch code
e) All the above
18. Which of the following is excluded from NI Act?
a) Promissory note
b) Bill of exchange
c) Cheque
d) Currency note
e) None of these
19. Banks will be happy to lend money to RBI if the following rate is increased ......
a) Repo rate
b) Base rate
c) Reverse repo rate
d) Bank rate
e) None of these
20. Savings account can be opened in following institutions ......
a) Commercial banks
b) Co-operative banks
c) Public sector banks
d) Postal departments
e) All the above
21. What is the maximum period of holdings in a saving account?
a) There is no maximum period of holdings
b) 10 year
c) 6 months to 1 year (depending on bank)
d) More than 10 years
e) None of these
22. A person who draws the cheque is known as .......
a) Drawee
b) Drawer
c) Payee
d) Barer
e) None of these
23. Resolution and settlement of grievance of public against banks is done by ......
a) Reserve Bank
b) Indian Banking association
c) Customer himself
d) Banking ombudsman
e) None of these
24. An introduction while opening an account is ......
a) Optional
b) Compulsory
c) Not necessary under NI Act
d) Both b and c
e) None of these
25. According to RBI a savings bank account is treated as inoperative or dormant if there are no transactions in the account over a period of .......
a) 2 years
b) 18 months
c) 1 year
d) 5 years
e) None of these
ANSWER:
1-e, 2-b, 3-a, 4-c, 5-b, 6-d, 7-a, 8-e, 9-a, 10-c
11-c, 12-a, 13-b, 14-a, 15-b, 16-d, 17-a, 18-d, 19-c, 20-e, 21-a, 22-b, 23-d, 24-b, 25-a
a) Written instrument with signature
b) Instrument made or drawn for consideration
c) Transfer/ negotiation by endorsement/ delivery
d) Bonafide and valuable
e) All the above
2. BCBS stands for ......
a) Banks Commission for Basel Supervision
b) Basel Committee on Banking Supervision
c) Banking Companies and Business System
d) Banks Committee on Business Supervision
e) None of the above
3. 'Depository services' means ......
a) An agency for safe keeping of securities
b) A bank accepting deposits from customers and service the customers
c) Bank accepting deposits from other bank as a depository services
d) Both b and c
e) None of these
4. Identify the following rates decided by bank .........
a) Bank rate
b) Repo rate
c) Base rate
d) CAR
e) None
5. Which of the following is also known as 'Smart Money' ?
a) Credit cards
b) Electronic cheques
c) Plastic money
d) All the above
e) None of these
6. Statutory Liquid Ratio (SLR), is a mechanism used by commercial banks to ......
a) Provide cash deposits to RBI
b) Liquidate the government fixed properties
c) Avoid government monetary policies with the help of RBI statutory planning
d) Provide credit to government
e) None of these
7. What do you mean by term 'Gilt-edged security'?
a) Government security that is a claim on the government and is a secure financial instrument which guarantees both capital and interest.
b) A financial instrument which is a coupon for corporate security, and payable on demand by corporate to the banks along with the demanded interest.
c) Is a security which is widely used in of day to day banking and commercial financial transactions.
d) It is a security which is easily transferable. And banks can widely accept from public for encashment, providing loans, as securities etc.
e) None of these
8. Identify the bank reasons for returning the cheque unpaid ......
a) No agreement
b) Payment stopped
c) Refer to drawer
d) Exceeds agreement
e) All the above
9. Coins with the value of 50 paise and below are called as ......
a) Small coins
b) Paise value coins
c) Mint coins
d) RBI coins
e) None of these
10. If a cheque is crossed then the status of the cheque is ......
a) It is an invalid document
b) Cheque cannot be enchased even though it is deposited in the payee account
c) The cheque is ineligible to get cash across the counter
d) The cheque is considered as cancelled cheque
e) None of these
11. Banks dishonouring the cheque is called as ......
a) Bank cancelling the cheque
b) Stopping cheque without payment
c) Nullifying of the cheque
d) Truncating the cheque
e) None of these
12. Which of the following is not an instructional credit agency ?
a) Money lenders
b) Commercial banks
c) NBFCs
d) Regional rural banks
e) Co-operative societies
13. Whose signature is found on an one-rupee currency note of india?
a) RBI Governor
b) Finance Secretary of India
c) Deputy Governor of RBI
d) Prime Minister of India
e) Finance Minister of India
14. Who among the following cannot open a savings bank account?
a) A business entity
b) Two persons jointly
c) Both a and b
d) An individual
e) Trusts
15. Interest rate policy belongs to .......
a) Fiscal policy
b) Monetary policy
c) Bank policy
d) Banking Business policy
e) None of these
16. Mr.X an indivical can open following account (s) with a bank ......
a) Savings account
b) Current account
c) Fixed deposit account
d) All the above
e) Only a and c
17. What are the first six numbers indicate in MICR cheque?
a) Cheque number
b) City code
c) Bank code
d) Branch code
e) All the above
18. Which of the following is excluded from NI Act?
a) Promissory note
b) Bill of exchange
c) Cheque
d) Currency note
e) None of these
19. Banks will be happy to lend money to RBI if the following rate is increased ......
a) Repo rate
b) Base rate
c) Reverse repo rate
d) Bank rate
e) None of these
20. Savings account can be opened in following institutions ......
a) Commercial banks
b) Co-operative banks
c) Public sector banks
d) Postal departments
e) All the above
21. What is the maximum period of holdings in a saving account?
a) There is no maximum period of holdings
b) 10 year
c) 6 months to 1 year (depending on bank)
d) More than 10 years
e) None of these
22. A person who draws the cheque is known as .......
a) Drawee
b) Drawer
c) Payee
d) Barer
e) None of these
23. Resolution and settlement of grievance of public against banks is done by ......
a) Reserve Bank
b) Indian Banking association
c) Customer himself
d) Banking ombudsman
e) None of these
24. An introduction while opening an account is ......
a) Optional
b) Compulsory
c) Not necessary under NI Act
d) Both b and c
e) None of these
25. According to RBI a savings bank account is treated as inoperative or dormant if there are no transactions in the account over a period of .......
a) 2 years
b) 18 months
c) 1 year
d) 5 years
e) None of these
ANSWER:
1-e, 2-b, 3-a, 4-c, 5-b, 6-d, 7-a, 8-e, 9-a, 10-c
11-c, 12-a, 13-b, 14-a, 15-b, 16-d, 17-a, 18-d, 19-c, 20-e, 21-a, 22-b, 23-d, 24-b, 25-a
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