MULTIPLE CHOICE QUESTIONS FOR BANK PROMOTION
EXAMS (MCQ 1)
EXAMS (MCQ 1)
1.
In case LC is received, within how many days
one has to examine the export documents submitted under LC?
In case LC is received, within how many days
one has to examine the export documents submitted under LC?
a) 5 banking
days
days
b) 7 banking days
c) 5 days
d) 7 days
2.
A deposit is treated as unclaimed after a
period of ……………
A deposit is treated as unclaimed after a
period of ……………
a)
5 years.
5 years.
b) 7 years.
c) 10 years.
d) 20 years.
3.
Which banker gets protection under section 85
of Negotiable Instrument Act, 1881?
Which banker gets protection under section 85
of Negotiable Instrument Act, 1881?
a)
Collecting banker.
Collecting banker.
b)
Paying banker.
Paying banker.
c)
Issuing banker.
Issuing banker.
d)
Both a and b.
Both a and b.
4.
Any resident Indian May hold foreign currency
notes/ coins to the extent of …………
Any resident Indian May hold foreign currency
notes/ coins to the extent of …………
a)
Up to USD 1000 including notes and coins or
its equivalent.
Up to USD 1000 including notes and coins or
its equivalent.
b)
Up to USD 1000 notes and USD 1000 coins.
Up to USD 1000 notes and USD 1000 coins.
c) Up to USD 2000 including notes and coins or its equivalent.
d) Up to USD 2000 notes and coins up to any limit.
5.
Margin in case of agriculture advance up to a
limit of 100000 is ……………
Margin in case of agriculture advance up to a
limit of 100000 is ……………
a)
5%
5%
b)
Nil
Nil
c) 10%
d) 15%
6.
Hypothecation is defined in …………..
Hypothecation is defined in …………..
a)
SARFAESIA Act, 2002
SARFAESIA Act, 2002
b)
Indian Contract Act , 1872
Indian Contract Act , 1872
c) NI Act ,1881
d) RBI Act
7.
Town official language implementation
committee meet is conducted once in………
Town official language implementation
committee meet is conducted once in………
a)
a month
a month
b) 3 months
c) 6 months
d) 12 months
8.
Which of the following is negotiable instrument?
Which of the following is negotiable instrument?
a) promissory
note
note
b) return receipt
c) fixed
deposit
deposit
d) airway bill
9.
Who are the owners of a public limited
company?
Who are the owners of a public limited
company?
a) Directors
of the company
of the company
b) Shareholders
c) Government Of India
d) None of the above
10.
Which act defines safe custody?
Which act defines safe custody?
a) Indian Contract Act 1872
b) NI Act, 1881
c) Not defined in any act
d) RBI Act
11. Preservation of records for how many years is mandatory under RTI act 2005?
a)
15 years
15 years
b)
20 years
20 years
c) 5 years
d) 10 years
12.
For initiating recovery proceedings under
SARFAESI Act, the minimum amount outstanding in the account should be rupee…………..
For initiating recovery proceedings under
SARFAESI Act, the minimum amount outstanding in the account should be rupee…………..
a)
2.00 lakh
2.00 lakh
b)
5.00 lakh
5.00 lakh
c) 1.00 lakh
d) 0.50 lakh
13.
Term deposit of Rupees 20000 or more is not
paid in cash under provisions of which act?
Term deposit of Rupees 20000 or more is not
paid in cash under provisions of which act?
a) Income Tax Act 1961
b) RBI Act
c) Indian Contract Act , 1872
d) None of the above
14.
What rate of interest is allowed by RBI on
CRR balances maintained with it?
What rate of interest is allowed by RBI on
CRR balances maintained with it?
a) 2.5%
b) 2.75%
c) 1.25%
d) Nil
15.
A contract of insurance is a contract of……….
A contract of insurance is a contract of……….
a)
security
security
b)
guarantee
guarantee
c) indemnity
d) none of the above
16.
Unstamped document cannot be rectified in
case of………..
Unstamped document cannot be rectified in
case of………..
a)
Mortgage deed
Mortgage deed
b)
Sale deed
Sale deed
c) partition deed
d) none of the above
17.
The minimum amount withdrawal by cheque from
a savings account is rupees…..
The minimum amount withdrawal by cheque from
a savings account is rupees…..
a)
2
2
b) 1
c) 5
d) 10
18.
Provisions of SARFAESIA are applicable to
which of the following?
Provisions of SARFAESIA are applicable to
which of the following?
a)
Pledge of goods
Pledge of goods
b)
Only mortgage properties.
Only mortgage properties.
c) Securities that are not otherwise charged to the creditors.
d) Security is charged to creditors and not in possession of the creditor.
19.
What is an impersonal Collateral security?
What is an impersonal Collateral security?
a)
Security in the shape of intangible.
Security in the shape of intangible.
b)
Collateral security given by third party.
Collateral security given by third party.
c) Guarantee provided for securing the death.
d) Collateral security given by the borrower but in the shape of goodwill and trademark
20.
Which committee recommended turnover method
for Small Scale Industry?
Which committee recommended turnover method
for Small Scale Industry?
a)
Nayak Committee.
Nayak Committee.
b)
Tandon Committee.
Tandon Committee.
c)
Narsimhan Committee.
Narsimhan Committee.
d)
Ghosh Committee.
Ghosh Committee.
ANSWERS
|
Ques.No
|
1.
|
2.
|
3.
|
4.
|
5.
|
6.
|
7.
|
8
|
9
|
10
|
|
Ans.
|
a
|
c
|
b
|
d
|
b
|
a
|
c
|
a
|
b
|
a
|
|
Ques No
|
11
|
12
|
13
|
14
|
15
|
16
|
17
|
18
|
19
|
20
|
|
Ans.
|
b
|
c
|
a
|
d
|
c
|
d
|
c
|
d
|
b
|
a
|
