Saturday 26 September 2015

Banking Awareness 26 September 2015

Q1. The term ‘Moral suasion’ refers to
a) The banker’s duty of secrecy as regards the affairs and accounts of his customers  
b) Moral duty of a borrower to deal with only one bank
c) The advice given by Reserve bank to banks/financial institutions in the matter of their lending and other operations with the objective that they might implement or follow   
d) All
e) None

Q2. Which of the following are the reasons for dishonour of cheques, for initiation of procedding under section 138 of the Negotiable instruments act
a) effects not cleared, please present again   
b) insufficient funds
c) not arranged for   
d) exceeds arrangement
e) all of the above

Q3. On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than
a) Rs 25 crore
b) Rs 50 crore
c) Rs 85 crore   
d) Rs 100 crore
e) None of these

Q4. Where the signature of the drawer of a cheque is not genuine, such a cheque is called
a) post dated cheque
b) stale cheque
c) forged cheque
d) all
e) none

Q5. Capital market refers to all the facilities and institutions arrangements for
a) borrowing
b) lending
c) medium and long term funds
d) all
e) none

Q6. A Pledge means
a) advanced against goods
b) hypothecation of goods
c) bailment of goods as security for payment of a debt or performance of a promise.
d) Open limits
e) none

Q7. Truncation of cheques means
a) scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle 
b) debiting of drawer’s account through internet
c) Both of the above
d) none of the above
e) (a) or (b)

Q8. What do you mean by Priority sector?
a) Priority sector means a group of activities which are to be financed on the priority
b) A group of borrowers, from whom, recovery to be made on priority basis   
c) A group of peoples, whose accounts to be opened on priority
d) all
e) none

Q9. The term ‘ways and means’ advances refer to
a) the temporary advance made to the government by its bankers to bridge the internal between expenditure and the flow of receipts of revenue
b) the advance given by the banks to the poorest of the society
c) lending made under PMRY scheme
d) All
e) None

Q10. National housing banks is wholly owned by:
a) RBI
b) Housing development finance corporation LTD.
c) Housing development boards of various states   
d) All
e) none


Answers

1. c) The advice given by Reserve bank to banks/financial institutions in the matter of their lending and other operations with the objective that they might implement or follow   
2. c) not arranged for   
3. d) Rs 100 crore
4. c) forged cheque
5. d) all
6. c) bailment of goods as security for payment of a debt or performance of a promise.
7. a) scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle
8. a) Priority sector means a group of activities which are to be financed on the priority
9. a) the temporary advance made to the government by its bankers to bridge the internal between expenditure and the flow of receipts of revenue
10. a) RBI

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