Online Tests for Principles & Practices of Banking

Principles & Practices of Banking

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  • Q - 1 . Minimum Bank Rate is:

    Q - 2 . 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 - 3 . Executors and administrators can delegate their powers to a third party to operate the account

    Q - 4 . As per FIMMDA s guidelines, the Mid-Office is responsible for

    Q - 5 . Charge created on LIC Policy is:

    Q - 6 . Mandate given by the illiterate account holder should be

    Q - 7 . In case of a Non Resident Indian which of the following is permitted?

    Q - 8 . Match the following: i)IRDA A) Insurance ii)Garnishee Order B) Judgement debtor iii)ATMs C)

    Q - 9 . Mergers are of 4 types. 1) Vertical mergers 2) Conglomerate mergers 3) Concentric Merger What is the 4th type.

    Q - 10 . 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 - 11 . A bank in India, wants to undertake capital market activities, it should:

    Q - 12 . 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 - 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 . A purchaser of a demand draft for Rs.500,000.00, lost the DD To obtain a duplicate draft he needs to furnish

    Q - 15 . Except one of the following others are known as Non Fund based facilities:

    Q - 16 . Coupon rate refers to

    Q - 17 . Tele banking service is based on

    Q - 18 . Except one of the following others are part of Public Sector Banks:

    Q - 19 . Which one of the following is secured by a mortgage?

    Q - 20 . Nomination rules for deposit accounts have been introduced under the following rules of Banking Regulation Act,21-03-1900 05:00:00 AM

    Q - 21 . A banker is expected to honour the cheques within the specified banking hours as per Section of NI Act,1881

    Q - 22 . An order cheque is endorsed as  without recourse to me  by the endorser. This endorsement is known as

    Q - 23 . Sec 131 of NI Act,1881 extends protection to the

    Q - 24 . 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 - 25 . In a Garnishee Order, the banker on whom garnishee order served is:

    Q - 26 . Interest is calculated on actual/365 days basis in respect of the following products, except one :

    Q - 27 . Long Form Audit Report (LFAR) is prepared and submitted by

    Q - 28 . A Co-Operative Bank operating in different States are regulated by:

    Q - 29 . In a securitisation deal, the role of a Special Purpose Vehicle (SPV) is

    Q - 30 . The term Credit Management covers

    Q - 31 . 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 - 32 . A bill is drawn on 16th Feb, 2001 which is payable after 30 days. It will mature on

    Q - 33 . 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 - 34 . Which was the first Mutual Fund started in India:

    Q - 35 . KYC means

    Q - 36 . Reserve Bank of India s function

    Q - 37 . John & James are friends aged 14 & 15 respectively. They want to open a joint account in your bank. You will

    Q - 38 . The combination of two or Companies into a single Company where one survives with it s name (or a combined new name )

    Q - 39 . Mr.Rao wants to give mandate to his minor son

    Q - 40 . FIMMDA stands for:

    Q - 41 . The minimum period for which commercial papers can be issued is

    Q - 42 . Law of limitation is not applicable in respect of :

    Q - 43 . A formal and mutually agreed commercial collaboration between Companies is known as

    Q - 44 . Hypothecation is applicable in the case of

    Q - 45 . Which of the following is a material alteration?

    Q - 46 . A cheque is dated 12/05/05.the due date is:

    Q - 47 . The right of set-off is:

    Q - 48 . 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 - 49 . The apex institution which handles refinance for agriculture and rural development is called:

    Q - 50 . 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?

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