Sunday, 22 January 2017

Banking Questions Test-5 (MCQ)



                        Banking Questions Test-5

Q1. A bill of exchange drawn without any consideration is called an …bill
a.    Accommodation
b.    Clean
c.    Sight
d.    None of the above

Q2. Kite flying refers to …………….
a.    Drawing accommodation bills to arrange funds
b.    Discounting of fake bills
c.    Hand delivery of bills
d.    None of the above

Q3. Account payee crossing is a direction to ……. Bank
a.    Collecting bank
b.    Paying Bank
c.     Drawer
d.    None of the above

Q4. Who can open a crossing?
a.    Drawer
b.    Payee
c.    Both
d.    None

Q5. All dishonored cheques are to be returned to the customer within …..hrs
a.    24
b.    12
c.    6
d.    No limit

Q6. Cheques returned due to want of funds will be returned with the reason……
a.    Insufficiency of funds
b.    Refer to drawer
c.    Not arranged for
d.     None of the above

Q7 What is the maximum amount that can be withdrawn by a cheque?
a.    Rs 100 Cr
b.    Rs 1000Cr
c.    Varies bank to bank
d.    No Such limit

Q8 Why bank take signature on the back side of a bearer cheque?
a.    Identify the person
b.    Acknowledgement of receipt
c.    KYC guidelines
d.    As a matter of practice

Q9. The scanned image of a paper cheque along with the digital signature of the collecting bank is called
a.    E-cheque
b.    Scanned cheque
c.    Digital cheque
d.    Truncated cheque

Q10. The validity period of a pay order is
a.    Three months
b.    Six months
c.    Twelve Months
d.    No Limit

Answer-
1
2
3
4
5
6
7
8
9
10
A
a
a
a
a
a
d
b
a
A

 Ans

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