Institute of Banking Personnel Selection : Article

BANKING AWARENESS II
  • 2016-07-19
BANKING AWARENESS II
 BANK 

1) Unsigned demand draft is presented for payment, the drawee branch will ----------?

(1) Honour it

(2) Dishonour it since it does not have a mandate of the drawer bank to pay it.

(3) Honour it after seeking confirmation from the collecting bank

(4) Honour it if it is for small amount

(5) None of the above

2) Traveller’s cheques are valid for ------?

(1) Three months     (2) Six months

(3) One year  (4) No limit-are valid till encashed

(5) None of the above

3) Do the banks issue traveller’s cheques to non-customers also?

(1) Yes                   (2) No

(3) No- Only people of repute

(4) No- Only to people having annual income above Rs. 60,000.

(5) None of the above

4) Are the traveller’s cheques subject to stamp duty in India?

(1) Yes          (2) No

(3) Yes, All traveller’s cheques above the of Rs. 1,000

(4) Yes, all the traveller’s cheques above the value of Rs. 5,000

(5) Nonem of the above

5) Minimum balance required to be maintained for a Savings Account with cheque book facility is --------?

(1) Rs.100     (2) Rs.200     (3) Rs.500

(4) Rs.1000    (5) None of the above

6) The committee on Banking Sector Reforms under the chairmanship of Sri. M. Narasimham was appointed in -----?

(1) 1991        (2) 1995        (3) 1998

(4) 1999        (5) None of the above

7) Documentations means ---?

(1) Proper execution of documents

(2) Stamping of document

(3) Cancellation of Stamps

(4) None of the above

8) Collateral securities can be ---------?

(1) Tangible

(2) Intangible in the shape of personal guarantee of a third party

(3) None of the above

(4) Both of the above

9) The Central Bank in India is --------?

(1) The Reserve Bank of India

(2) The state Bank of India

(3) The Andhra Bank

(4) Central Bank of India

(5) None of the above

10) Stock exchange securities do not include?

(1) Debentures certificate

(2) Small debentures issued by port trusts

(3) Government promissory notes

(4) Participation certificates

(5) None of the above


Answers:

1-2

2-4

3-1

4-2

 

5-4

6-3

7-1

8-4

9-1

10-4


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