Sunday, 30 April 2017

Banking Questions Test (MCQ)- 60

1.     A bank does not want to pass a cheque against clearing. It will return the cheque with remark –
a.    Refer to drawer
b.    Exceeds arrangement
c.     Effect not cleared
d.    C & present again

2.     A customer has a joint SB A/c (E or S) with balance of Rs. 30000 & also a C/A in in his individual name with balance of Rs. 50000. A cheque of Rs. 35000 is presented in clearing in his SB a/c. You will–
a.    Pass the cheque by creating overdraft in his SB a/c
b.    Return the cheque
c.     An amount of Rs. 5000 can be transferred from C/A to pass the cheque
d.    The cheque can be debited to C/A & customer be informed of this

3.    Mr. S. kumar gave a cheque for Rs. 5000 as donation to a public charitable trust which is dishonoured. Mr. S.Kumar can be punished up to –
a.    Rs. 10000
b.    2 years imprisonment
c.     a+b
d.    Cannot be punished as there is no consideration

4.     When a bank  dishonours a cheque wrongfully, action can be brought by the drawer against the bank within a period of
a.    6 months from the date of cheque
b.    3 years from the date of cheque
c.     3 years from the date of  dishonour
d.    Within 1 month

5.    On the face of a cheque appears Under Rs. 10000. This is to be treated to be–
a.    Generally crossed
b.    Specially crossed
c.     uncrossed
d.    NOA

6.     A cheque bears the word “not negotiable” without two parallel transverse lines. The paying banker–
a.    Should treat as a crossed cheque & pay through a bank only
b.    Should treat it as open cheque & can pay it across the counter to the holder of the instrument
c.     Can pay the cheque in cash but will be liable to the true owner in case of wrong payment
d.    Should pay only to the payee & not any endorsee

7.     An uncrossed cheque cannot be crossed by
a.    Payee
b.    Drawee
c.     endorser
d.    None

8.    A  bill of exchange is due on 15th August (Saturday), it  will  be payable on
a.    next Monday
b.    Preceding working day
c.     Any of the above
d.    Next working day without interest          

9.     A bill dated 1.1.2012 is payable 2 months after date. The bill falls due on
a.    6.3.2012
b.    3.3.2012
c.     5.3.2012
d.    None

10.  In case of DA bills before handing over the documents to the party
a.    payment should be taken in full.
b.    payment should be taken in part.
c.      Acceptance should be taken from drawee
d.    No formality is required.

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

c b d C a C d b d c


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. 

3 comments:

  1. Incopmplete question
    A customer has a joint SB A/c (E or S) with balance of Rs. 30000 & also a C/A in in his individual name with balance of Rs. 50000. A cheque is presented in clearing in his SB a/c. You will–
    a. Pass the cheque by creating overdraft in his SB a/c
    b. Return the cheque
    c. An amount of Rs. 5000 can be transferred from C/A to pass the cheque
    d. The cheque can be debited to C/A & customer be informed of this

    ReplyDelete
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    ReplyDelete