McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Bachelor of Commerce (B Com) .
| 51. |
---------------cheque is generated written and signed electronically . |
| A. | e-cheque |
| B. | cheque truncation |
| C. | Paperless cheque |
| D. | Electronic cheque |
| Answer» D. Electronic cheque | |
| 52. |
The physical monument of a paper cheque is sued stop is |
| A. | Electronic cheque |
| B. | Marketing cheque |
| C. | Cheque Truncation |
| D. | Mutilated cheque |
| Answer» C. Cheque Truncation | |
| 53. |
In general crossing two ______ transverse lines are compulsory |
| A. | Parallel |
| B. | Vertical |
| C. | Horizontal |
| D. | Straight |
| Answer» A. Parallel | |
| 54. |
__________ means signing on the back of negotiable instrument with a view to transfer the title in the instrument to another person |
| A. | Under writing |
| B. | Document |
| C. | Instrument |
| D. | Endorsement |
| Answer» D. Endorsement | |
| 55. |
Cheque contains a previous date is_____________ |
| A. | Stale cheque |
| B. | Ante dated cheque |
| C. | Post dated cheque |
| D. | MICR cheques |
| Answer» B. Ante dated cheque | |
| 56. |
NABARD was set up on |
| A. | 1962 |
| B. | 1952 |
| C. | 1982 |
| D. | 1972 |
| Answer» C. 1982 | |
| 57. |
________ is one of the aspects of Micro Finance |
| A. | Macro credit |
| B. | Mobilization of credit |
| C. | Micro credit |
| D. | Micro debit |
| Answer» C. Micro credit | |
| 58. |
__________is the provision of credit service to poor clients |
| A. | Micro credit |
| B. | Micro finance |
| C. | Macro credit |
| D. | Macro finance |
| Answer» A. Micro credit | |
| 59. |
________ is the apex co-operative bank in a state |
| A. | State co-operative Bank |
| B. | District co-operative Bank |
| C. | Co-operative Society Bank |
| D. | Central Co-operative Bank |
| Answer» A. State co-operative Bank | |
| 60. |
The nationalization of 14 major commercial bank was in June 1969 & six more banks were nationalized in April |
| A. | 1972 |
| B. | 1980 |
| C. | 1979 |
| D. | 1984 |
| Answer» B. 1980 | |
| 61. |
Demand deposits are those which can be withdrawn ------------------ |
| A. | On demand |
| B. | At any future date |
| C. | After one year |
| D. | After 5 years |
| Answer» A. On demand | |
| 62. |
Current deposits are not entitled to-------------------. |
| A. | Cheque book |
| B. | Statements |
| C. | Customer services |
| D. | Interest |
| Answer» D. Interest | |
| 63. |
Introduction in all deposits account is ----------------. |
| A. | Optional |
| B. | Compulsory |
| C. | Discretion of the bank |
| D. | None of these |
| Answer» B. Compulsory | |
| 64. |
Sec 138 state that drawer of a cheque is liable to be punished if the cheque is bounded for-----------. |
| A. | Not crossing |
| B. | Alteration in figures |
| C. | Being post dated |
| D. | Insufficient fund |
| Answer» D. Insufficient fund | |
| 65. |
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 |
| Answer» C. 1 year | |
| 66. |
Where the signature of the drawer of a cheque is not genuine such a cheque is called -------------- |
| A. | Post dated cheque |
| B. | Forged cheque |
| C. | Clearing cheque |
| D. | Stale cheque |
| Answer» B. Forged cheque | |
| 67. |
A banker on whom a cheque is drawn by the customer is-----------------------. |
| A. | Collecting banker |
| B. | Paying banker |
| C. | Advising banker |
| D. | Confirming banker |
| Answer» B. Paying banker | |
| 68. |
A banker who collects a cheque for and on behalf of his customer is-----------------. |
| A. | Collecting banker |
| B. | Paying banker |
| C. | Advising banker |
| D. | Confirming banker |
| Answer» A. Collecting banker | |
| 69. |
When a banker makes payment of a cheque after making hour he will be held ---------. |
| A. | Liable |
| B. | Reasonable |
| C. | Acceptable |
| D. | None of these |
| Answer» A. Liable | |
| 70. |
One of the conditions to honour the cheque by the paying banker is that amount in figures and words should---------. |
| A. | Differ |
| B. | Tally |
| C. | Be clear |
| D. | Not be clear |
| Answer» B. Tally | |
| 71. |
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 |
| A. | A letter of authority |
| B. | Letter of credit |
| C. | Stop payment letter |
| D. | Letter of credit |
| Answer» C. Stop payment letter | |
| 72. |
Where a customer has issued a cheque date of which is yet to come such a cheque is called ---------. |
| A. | Stale cheque |
| B. | Post dated cheque |
| C. | Crossed cheque |
| D. | Stolen cheque |
| Answer» B. Post dated cheque | |
| 73. |
Promissory notes, bills of exchange and cheque are together defined as--------------. |
| A. | Negotiable instrument |
| B. | Transferred instrument |
| C. | Trust receipts |
| D. | Documents of title to goods |
| Answer» A. Negotiable instrument | |
| 74. |
N1 are easily ----------. |
| A. | Transferrable |
| B. | Gifted |
| C. | Sold |
| D. | None of these |
| Answer» A. Transferrable | |
| 75. |
A cheque is drawn on a -----------------. |
| A. | Owner of a ship |
| B. | An agent of a principal |
| C. | Bank |
| D. | Any person |
| Answer» C. Bank | |
| 76. |
A cheque is payable on----------------- |
| A. | Demand |
| B. | After certain date |
| C. | On a fixed future date |
| D. | None of these |
| Answer» A. Demand | |
| 77. |
Two parallel transfers lines across the cheque is called --------------. |
| A. | Endorsement |
| B. | Transfer |
| C. | Assignment |
| D. | Crossing |
| Answer» D. Crossing | |
| 78. |
Crossing is a direction to the---------------bank to pay the cheque to the payee through a bank. |
| A. | Drawer |
| B. | Payee |
| C. | Paying |
| D. | collecting |
| Answer» C. Paying | |
| 79. |
When a cheque is drawn on a bank, the banker is called the___________ |
| A. | Drawer |
| B. | Endorser |
| C. | Acceptor |
| D. | Drawee |
| Answer» D. Drawee | |
| 80. |
The crossing ina crossed cheque can be cancelled by-------------------------- |
| A. | Drawer |
| B. | Endorser |
| C. | Acceptor |
| D. | Drawee |
| Answer» A. Drawer | |
| 81. |
Acts done honestly is called the acts done |
| A. | Without negligence |
| B. | Rashly |
| C. | Mollified |
| D. | In good faith |
| Answer» D. In good faith | |
| 82. |
Mere signature of the payee on the reverse of the instrument is called ___________endorsement |
| A. | Full |
| B. | Blank |
| C. | Conditional |
| D. | Restrictive |
| Answer» B. Blank | |
| 83. |
“ Sans resource” means________________ |
| A. | I am not afraid |
| B. | Do not touch me |
| C. | Ask the drawer |
| D. | Without liability to me |
| Answer» D. Without liability to me | |
| 84. |
Garnishee order is issued by__________ |
| A. | Police officer |
| B. | Revenue Authority |
| C. | Enforcement Authority |
| D. | Court of law |
| Answer» D. Court of law | |
| 85. |
Mandate is----------------- |
| A. | Stamped agreement |
| B. | Order of the court of law |
| C. | Memorandum of understanding |
| D. | Stamped documents |
| Answer» D. Stamped documents | |
| 86. |
Reserve bank was constituted under |
| A. | BR act |
| B. | RBI act |
| C. | Companies act |
| D. | Income Tax act |
| Answer» B. RBI act | |
| 87. |
Banking companies are licensed by _______________ |
| A. | Reserve bank |
| B. | Registrar of Companies |
| C. | Company Law board |
| D. | None of these |
| Answer» A. Reserve bank | |
| 88. |
E banking customers need not visit the bank , to meet cash requirement of self through |
| A. | Electronic funds transfer |
| B. | Tele Banking |
| C. | On- line banking |
| D. | ATM |
| Answer» D. ATM | |
| 89. |
Tele-Banking services function is available with bank computers , based on |
| A. | Virtual banking |
| B. | Voice processing |
| C. | Brick and Mortar processing |
| D. | None of these |
| Answer» B. Voice processing | |
| 90. |
Benefits of e-banking to consumer |
| A. | Anywhere banking |
| B. | Anytime banking |
| C. | Reduction in cost |
| D. | All of the above |
| Answer» D. All of the above | |
| 91. |
Banking regulation act was passed in ………………….. |
| A. | 1959 |
| B. | 1969 |
| C. | 1949 |
| D. | 1939 |
| Answer» C. 1949 | |
| 92. |
Which of the following limits the power of credit creation by commercial banks |
| A. | Fiscal policy |
| B. | Monetary policy |
| C. | Business pessimism |
| D. | None of these |
| Answer» B. Monetary policy | |
| 93. |
The institution that provides long term loan to industries |
| A. | Industrial bank |
| B. | Commercial Bank |
| C. | Exchange bank |
| D. | Central bank |
| Answer» A. Industrial bank | |
| 94. |
The banks which are owned and controlled by government |
| A. | Government banks |
| B. | Public sector banks |
| C. | New generation banks |
| D. | None of these |
| Answer» B. Public sector banks | |
| 95. |
How many banks were nationalized in 1969 |
| A. | 12 |
| B. | 14 |
| C. | 15 |
| D. | 13 |
| Answer» B. 14 | |
| 96. |
HDFC bank is an example of ……………………………………… |
| A. | Private sector Indian bank |
| B. | Private sector foreign bank |
| C. | Public sector bank |
| D. | Nationalized bank |
| Answer» A. Private sector Indian bank | |
| 97. |
……………………………… is the central bank of India |
| A. | RBI |
| B. | Imperial bank |
| C. | SBI |
| D. | None of these |
| Answer» A. RBI | |
| 98. |
Accepting deposits and lending money is the ………………………………………….function of commercial banks |
| A. | Primary |
| B. | Secondary |
| C. | General utility |
| D. | Agency functions |
| Answer» A. Primary | |
| 99. |
CRR stands for ………………………………………………. |
| A. | Current Reserve Ration |
| B. | Cash Reserve Ration |
| C. | Cumulative Reserve Ration |
| D. | None of these |
| Answer» B. Cash Reserve Ration | |
| 100. |
EMI stands for ……………………………………………… |
| A. | Equated Monthly Installment |
| B. | Earning Monthly Interest |
| C. | Equally Money Investment |
| D. | None of these |
| Answer» A. Equated Monthly Installment | |
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