Sunday, 2 April 2017

Banking Questions Test (MCQ)- 40


1. The document issued by the ROC as a proof of the formation of the company is …
a. Memorandum of association                    b. Articles of association   
 
c. Certificate of incorporation             d. Board resolution

2. The maximum number of shareholders in case of a private limited company is …
a. 50                  b. 100           c. 150           d. 200

3. Photograph is not required while opening the following types of account
a. BSBDA                     b. SB a/c without cheque book     c. Term Deposit account
d. NOA (photograph is required for all types of accounts)

4. The PAN consists of the following
a. 10 digits only  b. 6 alphabet & 4 numerals c. 4 alphabet & 6 numerals  d. 12 digits

5. In case of insurance of deposits under DICGC, insurance premium is paid by the …
a. Bank    b. bank & customer 50% each      c. Customer             d. DICGC

6. in case of a self operated account in the name of the minor, nomination can be made by the …
a. Minor himself  b. the natural guardian       c. Nomination cannot be done        d. minor jointly with the guardian

7. The nomination facilities in bank accounts have been introduced as per the recommendations of … committee?
a. Talwar            b. Tambe                c. Nayak                  d. Damodaran

8. In case of a deposit account in the joint name of X & Y and the nominee is A. Mr. X died in an accident. The balance is payable to …
a. Nominee A     b. Nominee A, legal heirs of X & Y          c. Y & legal heirs of X d. Y only

9. There is a deposit account in the name of A & B with E or S mandate and nomination in favour of X. One of the depositors namely A dies, the balance in the account is to be paid to …
a. B alone                     b. B & the nominee X jointly         c. Nominee x alone     d. Legal heir of A & B

10. In case of NRO Term deposits what is the minimum period for which the term deposit can be accepted by the bank?

a. 1 year            b. 7 days                 c. 30 days               d. 6 months


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

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