Online Tests for Principles & Practices of Banking

Principles & Practices of Banking

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  • Q - 1 . Mr.Atmaram as director of a Ltd company expired. Bank received a cheque signed by Mr.Atmaram as director of the Ltd company. The bank

    Q - 2 . The time taken to convert cash into raw materials, semi finished goods, finished goods and into cash , is known as

    Q - 3 . Obligation of a Banker to maintain secrecy is applicable to

    Q - 4 . At a Big shopping mall,Hari withdraws cash from ATM of Central Bank of India. Central Bank of India is a:

    Q - 5 . 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 - 6 . 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 - 7 . Your bank receives a cheque in inward clearing which has not been signed by the account holder. Which one of the following reasons you will select to return the cheque?

    Q - 8 . In bank s parlance credit risk in lending is

    Q - 9 . 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 - 10 . Which of the following forms of business are permissible under BR Act:

    Q - 11 . Long Form Audit Report (LFAR) is prepared and submitted by

    Q - 12 . Mr.Rao wants to give mandate to his minor son

    Q - 13 . 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 - 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 . Law of limitation is not applicable in respect of :

    Q - 16 . Match the following: i)IRDA A) Insurance ii)Garnishee Order B) Judgement debtor iii)ATMs C)

    Q - 17 . As per FIMMDA s guidelines, the Mid-Office is responsible for

    Q - 18 . Sec 131 of NI Act,1881 extends protection to the

    Q - 19 . A Co-Operative Bank operating in different States are regulated by:

    Q - 20 . The apex institution which handles refinance for agriculture and rural development is called:

    Q - 21 . In a securitisation deal, the role of a Special Purpose Vehicle (SPV) is

    Q - 22 . Hypothecation is applicable in the case of

    Q - 23 . Your banks customer XYZ Ltd, enjoys a CC limit of Rs.1,00,000.00 The CC account shows a credit balance of Rs,10,205.00. The relationship between your bank and XYZ Ltd is:

    Q - 24 . John & James are friends aged 14 & 15 respectively. They want to open a joint account in your bank. You will

    Q - 25 . FIMMDA s general principles an

    Q - 26 . Sec ___ of RBI Act,1934 gives sole power to RBI to issue currency notes

    Q - 27 . FIMMDA s guidelines cover the following products, except one:

    Q - 28 . If number of partners in a firm is 22 in respect of trading activity the firm is

    Q - 29 . Mandate given by the illiterate account holder should be

    Q - 30 . Except one of the following others are known as Non Fund based facilities:

    Q - 31 . Which of the following is a material alteration?

    Q - 32 . Once a Bearer is always a bearer is applicable in respect of

    Q - 33 . Executors and administrators can delegate their powers to a third party to operate the account

    Q - 34 . The minimum percentage of Priority Sector advances to be maintained by foreign banks in India

    Q - 35 . An account holder draws a cheque on a :

    Q - 36 . The minimum period for which commercial papers can be issued is

    Q - 37 . Mergers are of 4 types. 1) Vertical mergers 2) Conglomerate mergers 3) Concentric Merger What is the 4th type.

    Q - 38 . Match the following: i)Classification of Assets A) Narasimham ii)Allonge B) Endorsement iii)Funds Transfer C) EFT

    Q - 39 . Coupon rate refers to

    Q - 40 . A holder for value is :

    Q - 41 . Registration of a society is required

    Q - 42 . The Capital Adequacy Ratio is :

    Q - 43 . A bill is drawn on 16th Feb, 2001 which is payable after 30 days. It will mature on

    Q - 44 . 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 - 45 . Which one of the following is not barred by law of limitation?

    Q - 46 . Loan for fish rearing is covered under Prirority Sector as ________ advances

    Q - 47 . An order cheque is endorsed as  without recourse to me  by the endorser. This endorsement is known as

    Q - 48 . The right of set-off is:

    Q - 49 . Tele banking service is based on

    Q - 50 . 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?

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