Online Tests for Principles & Practices of Banking

Principles & Practices of Banking

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  • Q - 1 . Minimum Bank Rate is:

    Q - 2 . State which of the following statement/s is/are correct? i) KYC norms is applicable only to deposit accounts ii) Either or survivor is applicable to all joint accounts iii) A cash credit facility is a fund based limit

    Q - 3 . Long Form Audit Report (LFAR) is prepared and submitted by

    Q - 4 . The term Credit Management covers

    Q - 5 . Obligation of a Banker to maintain secrecy is applicable to

    Q - 6 . Which of the following forms of business are permissible under BR Act:

    Q - 7 . In one of the joint Savings Bank accounts, you as a Branch Manager received information that one of the depositors had been declared as Insolvent? The depositors other than the undischarged insolvent claim the balance lying in the SB account. Can you pay?

    Q - 8 . Mandate given by the illiterate account holder should be

    Q - 9 . Executors and administrators can delegate their powers to a third party to operate the account

    Q - 10 . Sec ___ of RBI Act,1934 gives sole power to RBI to issue currency notes

    Q - 11 . Which one of the following is not barred by law of limitation?

    Q - 12 . The minimum percentage of Priority Sector advances to be maintained by foreign banks in India

    Q - 13 . Long Form Audit Report (LFAR) is prepared and submitted by

    Q - 14 . IT authorities have seized a deposit receipt from a customer. The deposit has matured. Now the deposit receipt is presented by IT authorities for payment along with over due interest

    Q - 15 . A Co-Operative Bank operating in different States are regulated by:

    Q - 16 . An order cheque is endorsed as  without recourse to me  by the endorser. This endorsement is known as

    Q - 17 . Combining of two existing Companies into a new Company in which the both the existing companies extinguish and anew Company is made or created is known as

    Q - 18 . The time taken to convert cash into raw materials, semi finished goods, finished goods and into cash , is known as

    Q - 19 . According to Section 130 of Transfer of Property Act the transfer of an actionable claim can be effected only by the execution of an instrument in writing signed by transferor or by his duly authorized agent This mode of transfer of an actionable claim is known as ________

    Q - 20 . Interest is calculated on actual/365 days basis in respect of the following products, except one :

    Q - 21 . Which was the first Mutual Fund started in India:

    Q - 22 . Sec 131 of NI Act,1881 extends protection to the

    Q - 23 . A bank in India, wants to undertake capital market activities, it should:

    Q - 24 . Mr. Subramanian who is an Ordinary SB account holder of your branch wants to nominate Mr. Alfred Clinton, an U.S. national, who is his friend. Is that allowed?

    Q - 25 . A formal and mutually agreed commercial collaboration between Companies is known as

    Q - 26 . Which one of the following is secured by a mortgage?

    Q - 27 . Coupon rate refers to

    Q - 28 . In 1921 three Presidency Banks in India - The Bank of Bengal, The Bank of Bombay, and Bank of Madras were amalgamated into one Bank which is now called.

    Q - 29 . Mr.Rao wants to give mandate to his minor son

    Q - 30 . A purchaser of a demand draft for Rs.500,000.00, lost the DD To obtain a duplicate draft he needs to furnish

    Q - 31 . A holder for value is :

    Q - 32 . Match the following: i)IRDA A) Insurance ii)Garnishee Order B) Judgement debtor iii)ATMs C)

    Q - 33 . Cash Budget is a statement of

    Q - 34 . RTGS stands for :

    Q - 35 . In bank s parlance credit risk in lending is

    Q - 36 . The combination of two or Companies into a single Company where one survives with it s name (or a combined new name )

    Q - 37 . FIMMDA stands for:

    Q - 38 . Hypothecation is applicable in the case of

    Q - 39 . A customer has the flexibility to select the number of instalments and also vary his monthly instalment amounts subject to certain conditions. Identify the account

    Q - 40 . A company which pools money from investors and invests in stocks, bonds, shares is called

    Q - 41 . Match the following: i)Classification of Assets A) Narasimham ii)Allonge B) Endorsement iii)Funds Transfer C) EFT

    Q - 42 . In respect of Regional Rural Banks, the share holding pattern is:

    Q - 43 . Which of the following is a material alteration?

    Q - 44 . In one of the joint Savings Bank accounts, you as a Branch Manager received information that one of the depositors had been declared as Insolvent? The depositors other than the undischarged insolvent claim the balance lying in the SB account. Can you pay?

    Q - 45 . A joint account is operated by A and B as both or survivor. A dies and a cheque signed by A and B are presented forpayment. The cheque

    Q - 46 . Section 171 of Indian Contract 1872, gives to a Banker an absolute right of general lien on all goods and securities received by the Banker. The Bankers Lien is __________

    Q - 47 . In a securitisation deal, the role of a Special Purpose Vehicle (SPV) is

    Q - 48 . The regulator for Mutual Funds in India is:

    Q - 49 . At a Big shopping mall,Hari withdraws cash from ATM of Central Bank of India. Central Bank of India is a:

    Q - 50 . Your bank grants a working capital finance to ABC & Co, a partnership firm, against hypothecation of inventory. The charge is to be registered with Registrar of Companies within

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