Question 1

---------------cheque is generated written and signed electronically .&#10;A)e-cheque&#10;B)cheque truncation&#10;C)Paperless cheque&#10;D)Electronic cheque

Accepted Answer

Electronic cheque&#10;

Question 2

The physical monument of a paper cheque is sued stop is&#10;A)Electronic cheque&#10;B)Marketing cheque&#10;C)Cheque Truncation&#10;D)Mutilated cheque

Accepted Answer

Cheque Truncation is the process where the physical cheque is converted into an electronic form for transmission to the paying bank. This eliminates the need to physically move the cheque from the bank where it was deposited to the bank that issued it.

Question 3

In general crossing two ______ transverse lines are compulsory&#10;A)Parallel&#10;B)Vertical&#10;C)Horizontal&#10;D)Straight

Accepted Answer

In general, crossing two parallel or straight transverse lines are compulsory.

Question 4

__________ means signing on the back of negotiable instrument with a view to transfer the title in the instrument to another person&#10;A)Under writing&#10;B)Document&#10;C)Instrument&#10;D)Endorsement

Accepted Answer

Endorsement refers to the act of signing on the back of a negotiable instrument, such as a check or a promissory note, with the intention of transferring the ownership or title of the instrument to another person.

Question 5

Cheque contains a previous date is_____________&#10;A)Stale cheque&#10;B)Ante dated cheque&#10;C)Post dated cheque&#10;D)MICR cheques

Accepted Answer

An ante-dated cheque is one that carries a date earlier than the actual date of issue.

Question 6

NABARD was set up on&#10;A)1962&#10;B)1952&#10;C)1982&#10;D)1972

Accepted Answer

NABARD (National Bank for Agriculture and Rural Development) was established on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981.

Question 7

________ is one of the aspects of Micro Finance&#10;A)Macro credit&#10;B)Mobilization of credit&#10;C)Micro credit&#10;D)Micro debit

Accepted Answer

Microfinance encompasses several aspects aimed at providing financial services to the underserved, and micro credit is a key component of it, involving the provision of small loans to individuals or groups who lack access to traditional banking services.

Question 8

__________is the provision of credit service to poor clients&#10;A)Micro credit&#10;B)Micro finance&#10;C)Macro credit&#10;D)Macro finance

Accepted Answer

Micro credit refers specifically to the provision of small loans to poor clients, often without requiring collateral, to help them engage in productive activities or grow small businesses.

Question 9

________ is the apex co-operative bank in a state&#10;A)State co-operative Bank&#10;B)District co-operative Bank&#10;C)Co-operative Society Bank&#10;D)Central Co-operative Bank

Accepted Answer

The State Co-operative Bank is the apex co-operative bank in a state, serving as the principal financing agency for other co-operative societies in the state.

Question 10

The nationalization of 14 major commercial bank was in June 1969 & six more banks were nationalized in April&#10;A)1972&#10;B)1980&#10;C)1979&#10;D)1984

Accepted Answer

Six more banks were nationalized in April 1980, following the initial nationalization of 14 major commercial banks in June 1969. This was part of a broader effort to extend banking services to rural areas and prioritize sectors that were considered important for economic development but were not receiving adequate attention from the private sector.

Question 11

Demand deposits are those which can be withdrawn ------------------&#10;A)On demand&#10;B)At any future date&#10;C)After one year&#10;D)After 5 years

Accepted Answer

The answer of Demand deposits are those which can be...

Question 12

Current deposits are not entitled to-------------------.&#10;A)Cheque book&#10;B)Statements&#10;C)Customer services&#10;D)Interest

Accepted Answer

The answer of Current deposits are not entitled to-------------------.&#10;A)Cheque book&#10;B)Statements&#10;C)Customer...

Question 13

Introduction in all deposits account is ----------------.&#10;A)Optional&#10;B)Compulsory&#10;C)Discretion of the bank&#10;D)None of these

Accepted Answer

The answer of Introduction in all deposits account is ----------------.&#10;A)Optional&#10;B)Compulsory&#10;C)Discretion...

Question 14

Sec 138 state that drawer of a cheque is liable to be punished if the cheque is bounded for-----------.&#10;A)Not crossing&#10;B)Alteration in figures&#10;C)Being post dated&#10;D)Insufficient fund

Accepted Answer

The answer of Sec 138 state that drawer of a...

Question 15

When a drawer draws a cheque without keeping sufficient balance and if the cheque is dishonored for insufficient funds, the drawer is punishable with and imprisonment which may extend to -------- and or a fine.

A)2 months
B)4 months
C)1 year
D)2 year

Accepted Answer

The answer of When a drawer draws a cheque without...

Question 16

Where the signature of the drawer of a cheque is not genuine such a cheque is called --------------&#10;A)Post dated cheque&#10;B)Forged cheque&#10;C)Clearing cheque&#10;D)Stale cheque

Accepted Answer

The answer of Where the signature of the drawer of...

Question 17

A banker on whom a cheque is drawn by the customer is-----------------------.&#10;A)Collecting banker&#10;B)Paying banker&#10;C)Advising banker&#10;D)Confirming banker

Accepted Answer

The answer of A banker on whom a cheque is...

Question 18

A banker who collects a cheque for and on behalf of his customer is-----------------.&#10;A)Collecting banker&#10;B)Paying banker&#10;C)Advising banker&#10;D)Confirming banker

Accepted Answer

The answer of A banker who collects a cheque for...

Question 19

When a banker makes payment of a cheque after making hour he will be held ---------.&#10;A)Liable&#10;B)Reasonable&#10;C)Acceptable&#10;D)None of these

Accepted Answer

The answer of When a banker makes payment of a...

Question 20

One of the conditions to honour the cheque by the paying banker is that amount in figures and words should---------.&#10;A)Differ&#10;B)Tally&#10;C)Be clear&#10;D)Not be clear

Accepted Answer

The answer of One of the conditions to honour the...

Question 21

Where a customer by a letter has advised the bank directing the banker not to honour/pay a particular cheque such a letter is called&#10;A)A letter of authority&#10;B)Letter of credit&#10;C)Stop payment letter&#10;D)Letter of credit.

Accepted Answer

The answer of Where a customer by a letter has...

Question 22

Where a customer has issued a cheque date of which is yet to come such a cheque is called ---------.&#10;A)Stale cheque&#10;B)Post dated cheque&#10;C)Crossed cheque&#10;D)Stolen cheque

Accepted Answer

The answer of Where a customer has issued a cheque...

Question 23

Promissory notes, bills of exchange and cheque are together defined as--------------.&#10;A)Negotiable instrument&#10;B)Transferred instrument&#10;C)Trust receipts&#10;D)Documents of title to goods

Accepted Answer

The answer of Promissory notes, bills of exchange and cheque...

Question 24

N1 are easily ----------.&#10;A)Transferrable&#10;B)Gifted&#10;C)Sold&#10;D)None of these

Accepted Answer

The answer of N1 are easily ----------.&#10;A)Transferrable&#10;B)Gifted&#10;C)Sold&#10;D)None of these...

Question 25

A cheque is drawn on a -----------------.&#10;A)Owner of a ship&#10;B)An agent of a principal&#10;C)Bank&#10;D)Any person

Accepted Answer

The answer of A cheque is drawn on a -----------------.&#10;A)Owner...

Deck 3: Banking and Cheque-Related