Scribd Logo
Upload

Welcome to Scribd!

  • 90 views

    Banking MCQUESTIONS

    Uploaded by

    parthasarathi_in
    This document contains 20 multiple choice questions related to banking. The questions cover topics like types of bank deposits, telebanking, loan classifications, banker's rights and obligations, bank management and non-resident deposit schemes. Each question is followed by a multiple choice answer selection. The questions assess knowledge of common banking products, services and regulatory concepts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    Banking MCQUESTIONS

    Uploaded by

    parthasarathi_in
    90 views43 pages
    This document contains 20 multiple choice questions related to banking. The questions cover topics like types of bank deposits, telebanking, loan classifications, banker's rights and obligations, bank management and non-resident deposit schemes. Each question is followed by a multiple choice answer selection. The questions assess knowledge of common banking products, services and regulatory concepts.

    Original Description:

    banking

    Original Title

    Banking MCQUESTIONS.ppt

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document contains 20 multiple choice questions related to banking. The questions cover topics like types of bank deposits, telebanking, loan classifications, banker's rights and obligations, bank management and non-resident deposit schemes. Each question is followed by a multiple choice answer selection. The questions assess knowledge of common banking products, services and regulatory concepts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    90 views43 pages

    Banking MCQUESTIONS

    Uploaded by

    parthasarathi_in
    This document contains 20 multiple choice questions related to banking. The questions cover topics like types of bank deposits, telebanking, loan classifications, banker's rights and obligations, bank management and non-resident deposit schemes. Each question is followed by a multiple choice answer selection. The questions assess knowledge of common banking products, services and regulatory concepts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 43

    MODEL QUESTIONS

    MODULE -B

    QUESTION -1
    A bank accepts a deposit from a Corporate house. The features of the deposit are: i) accepted at a discounted value ii) stamp duty is borne by the bank iii)issued as usance promissory note iv)TDS is not applicable Identify the deposit a) commercial paper b) certificate of deposit c) flexi deposit d) caution deposit

    ANSWER -b

    QUESTION - 2 Banks cannot accept FCNR B deposits in ----a) Canadian dollar b) Singapore dollar c) US dollar d) Australian dollar

    Answer - b

    QUESTION - 3 Tele banking is based on a) virtual banking b) online banking c) voice processing d) core banking

    Answer -c

    QUESTION-4
    A cheque is dated 12/03/09.the due date is: a) 12/06/09 b) 14/06/09 c) 12/09/09 d) None

    ANSWER-d

    QUESTION-5
    Charge created on LIC Policy is: a) Hypothecation b) Pledge c) Assignment d) Mortgage

    ANSWER -d

    QUESTION-6
    The term Credit Management covers a) Capital adequacy norms b) Risk management including Asset/Liability management c) Credit appraisal decision and review of loans & advances d) All of the above

    ANSWER -d

    QUESTION-7
    The time taken to convert cash into raw materials, semi finished goods, finished goods and into cash , is known as
    a)Trade cycle b)Cash cycle c)Operating cycle

    d)Revolving cycle

    ANSWER -c

    QUESTION-8
    Loan for fish rearing is covered under Prirority Sector as ----------- advances a) Direct Agriculture b) Indirect Agriculture c) Self Employment Scheme d) Allied to indirect Agriculture

    ANSWER -a

    QUESTION-9
    Your banks customer XYZ Ltd, enjoys a CC limit of Rs.1,00,000.00 The CC account shows a credit balance of Rs,10,205.00. The relationship between your bank and XYZ Ltd is: a)Debtor/Creditor b)Creditor/Debtor c )Bailor/Bailee d)Bailee/Bailor

    ANSWER-a

    QUESTION-9
    The right of set-off is: a) Customers Right b) Customers Obligation c) Bankers Right d) Bankers Discretion

    ANSWER -d

    QUESTION -10
    Except one of the following others are known as Non Fund based facilities: a) Letters of Credit b) Bank Guarantees c) Co-acceptance of Bills d) Trust Receipt

    ANSWER -d

    QUESTION-11
    Which one of the following is not barred by law of limitation? a) Pledge b) Hypothecation c) Bankers lien d) Guarantee

    ANSWER -c

    QUESTION-12
    Obligation of a Banker to maintain secrecy is applicable to a) Only in case of existing deposit accounts b) Only in respect existing loan accounts c) Only in case of closed accounts d) All types of deposit/loan accounts (existing/closed)

    ANSWER-d

    QUESTION-13
    Bank A allows one of its clients to withdraw against clearing of a cheque. The banker is called as: a) Collecting and Paying banker b) Holder in due course c) Holder for value d) Reimbursement banker

    ANSWER- c

    QUESTION-14
    Management of a Bank vests with a) Reserve Bank of India b) Asset Liability Committee (ALCO) c) Board of Directors d) None of the above

    ANSWER-c

    QUESTION-15
    Ram issues a stop payment instructions to his banker to stop payment of a cheque for Rs,50,000.00. This is a) A request from Ram b) An intimation from Ram c) An advice from Ram d) A mandate from Ram

    Answer - d

    QUESTION-16
    Which one of the Non Resident Deposit schemes is not permitted. FCNR a/cs NRNR a/cs NRE a/cs NRO a/cs

    Answer-b

    QUESTION-17
    In a demand draft the word order is changed to bearer by the holder of the demand draft. It is called as: a)Endorsement b)Material alteration c)Crossing d)None of the above

    ANSWER- b

    QUESTION-18
    In a securitisation deal, the role of a Special Purpose Vehicle (SPV) is a. To acquire large Non Performing Loans (NPA) b. To acquire such loans from a bank or financial institution c. To acquire such loans for a transfer price, with or without recourse d. To manage the acquired loans for the purpose of realization or holds them as investment till maturity

    Answer - d

    QUESTION-19
    The apex institution which handles refinance for agriculture and rural development is called: a) RBI b) SIDBI c) NABARD d) SEBI

    Answer - c

    QUESTION-20 Which of the following forms of business are permissible under BR Act 1949:
    a) Borrowing b) Issuance of Letters of Credit c) Buying and selling of bullion d) All of the above

    Answer - d

    You might also like