Saturday, 29 April 2017

Banking Questions Test (MCQ)- 59

1.     On a cheque issued by a customer the words bearer or order are not written. This cheque will be treated as-
a.    A bearer cheque
b.    An order cheque
c.     This is not a valid cheque
d.    This is not a negotiable instrument now.

2.     Your branch receives a cheque of Rs. 500 written in figure & Rs. Five lac in words. The bank
a.     is required to return the cheque as the mandate is not clear
b.    is required to pay the amount written in words
c.     is required to pay the amount in figures
d.    is required to pay the lower of the amount written in words & figure
3.    A cheque  drawn by a thief imprisoned or convicted is presented at counter for payment-
a.    it should not be paid in the interest of Bank & Govt.
b.    It should be paid
c.     It should be paid only by the order of court
d.    It should be paid if an indemnity is enclosed by the family member

4.     A cheque signed by a person before his death and presented through clearing after his death –
a.    it should not be paid .
b.    It should be paid
c.     It should be paid if death occurs after depositing the cheque  &but before clearing
d.    It should be paid only by the order of court

5.     For a cheque on which drawer’s signature is forged, the liability on payment is that of the ……….. , even if the drawer was negligent
a.    Bank
b.    As decided by Court
c.     account holder
d.    person named in the cheque

6.     A cheque dated August 16’2011 becomes stale on February 16’2012. If it is revalidated on March 10’2012, it remains valid till
a.    August 16’2012
b.    September 16’2012
c.     September 09’2012
d.    June 09’2011

7.     After a cheque becomes stale it can be revalidated
a.    Only once
b.    within one year from date of issue
c.     Any no. of times
d.    Only twice within one year from date of issue

8.     A cheque is written by using blue, green & red ink at different space & in different handwriting, it can be –
a.    Paid
b.    Not paid
c.     Since it is an ambiguous cheque, it cannot be paid
d.    It is a invalid cheque

9.    The MD of a Pvt Ltd company endorses a cheque payable to the company in his favour & wants you to collect the same in his personal account. You will–
a.    Allow after verifying the genuineness of endorsement
b.    Allow  only after verifying the genuineness of the transaction
c.     Not allowed as the Bank may be liable for conversion
d.    Not allowed as cheque favouring a company cannot be endorsed

10.  “A” a partner in “A & Co.” deposits a cheque drawn in his favour & endorsed by him in the name of the firm for credit to the firms account. You will–
a.    Not allow the same without verifying the genuineness of transaction
b.    Allow  after getting consent of other partners
c.     Not allowed as the Bank may be liable for conversion
d.    Collect the cheque if otherwise in order

Answer-
1 2 3 4 5 6 7 8 9 10

b b b A a C c a c d


If anyone of you are facing any problem in any question, you could just ask in the comment box. We will try to help you according to your problem. 

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