banking mcquestions.ppt
Post on 09-Feb-2016
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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 valueii) stamp duty is borne by the bankiii)issued as usance promissory note iv)TDS is not applicable
Identify the deposita) commercial paperb) certificate of depositc) flexi depositd) 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 bankingb) 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 asa)Trade cycleb)Cash cyclec)Operating cycle
d)Revolving cycle
ANSWER -c
QUESTION-8
Loan for fish rearing is covered under Prirority Sector as ----------- advances
a) Direct Agricultureb) Indirect Agriculturec) Self Employment Scheme d) Allied to indirect Agriculture
ANSWER -a
QUESTION-9
Your bank’s 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/Creditorb)Creditor/Debtorc )Bailor/Baileed)Bailee/Bailor
ANSWER-a
QUESTION-9
• The right of set-off is:• a) Customer’s Right• b) Customer’s Obligation• c) Banker’s Right• d) Banker’s 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) Banker’s 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-18In 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 institutionc. To acquire such loans for a transfer price,
with or without recoursed. 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-20Which of the following forms of business are permissible under BR Act 1949:
a) Borrowing b) Issuance of Letters of Creditc) Buying and selling of bulliond) All of the above
Answer - d
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