Monday, 6 March 2017

Banking Questions Test (MCQ)- 35

1. For opening of an account in the name of the trust the essential document is the:
a. Trust deed     
b. Certificate of incorporation
c. Authority letter        
d. None of these
2. A cheque is signed by two trustees of Trust. One of them expired before the cheque is presented for payment. What will the bank do?
a. Stop the payment     
b. Pay the cheuqe   
c. Ask for court order      
d. Return the cheque
3. What is the maximum number of individuals, as per RBI guidelines, that can be permitted in a joint account?
a. 2          
b. 3     
c. 4     
d. 5     
e. No limit
4. Mr. A & Mrs. A want to open a joint account, the KYC requirement will be complied for …
a. Mr. A only                 
b. For the first named person
c. For both                    
d. For the person operating the a/c
5. Joint account is not allowed in the followings:
a. Pension payment      
b. Public Provident Fund    
c. Sr. citizen savings a/c      
d. NRE account
6. A & B have a SB account with E or S operation mandate. A cheque issued by A with the validation of the cheque extended under the signature of B was presented for payment. What will bank do?
a. Pass the cheque       
b. Return the cheque         
c. Pass after getting signature of both 
d. NOA
7. Which of the following cannot be a partner in a partnership firm?
a. Pvt. Ltd. company     
b. Public Ltd. Co.     
c. HUF                    
d. Blind person
8. The registration of the partnership deed is done with … & the registration of the firm is done with …
a. Registrar of firms & registrar of assurances 
b. Registrar of firms & registrar of firms
c. Registrar of assurances & registrar of firms        
d. ROC & Registrar of firms
9. A limited liability partnership (LLP) is to be registered with …
a. Registrar of firms      
b. Registrar of assurances 
c. Registrar of Companies 
d. NOA
10. The document which provides the internal administration of a company is…
a. Memorandum of association                    
b. Articles of association    
c. Certificate of incorporation                       
d. Board resolution

Answer-
1
2
3
4
5
6
7
8
9
10
a
b
C
c
b
a
c
c
c
b

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