Banking Awareness Quiz : 01 - 08 - 17

Q.1. A bearer cheque can also be called as –

(1) Order cheque

(2) Closed cheque

(3) Open cheque

(4) Crossed cheque

(5) None of these

Q.2. The 1,750MW Demwe mega-dam project is proposed to be built on _______ river.

(1) Meghna

(2) Tapti

(3) Brahmaputra

(4) Lohit

(5) Sindh

Q.3. Which of the following statement is incorrect?

(1) Reserve Bank requires banks to obtain introduction while opening any type of account to check benami transactions.

(2) Bankers have an old practice of obtaining introduction particularly in current accounts so as to be eligible to get protection under section 131 of the Negotiable Instrument Act,1881.

(3) Banks obtain introduction while opening an account so as to protect themselves against frauds etc. Because the introduction is liable for the acts of the customer.

(4) All of the above

(5) None of these

Q.4. Press Freedom Day is observed on –

(1) 1st May

(2) 3rd May

(3) 21st May

(4) 31st May

(5) None of these

Q.5. While opening an account for a minor, his date of birth should be recorded in: 

(1) Account opening form

(2) Specimen signature card

(3) ledger folio

(4) All of these

(5) None of these

Q.6. Which of the following would you accept as means of introduction of a savings/time deposit account?

(1) A passport

(2) Identity card issued by a government department, the municipality, educational institution, or defense services

(3) Postal Identification card

(4) Driving Licence

(5) All of these

Q.7. A banking account cannot be open in the case of : 

(1) minors

(2) illiterates

(3) physically handicapped person

(4) undischarged insolvent

(5) None of these

Q.8. An account is classified as dormant/inoperative when no transactions are made during last –

(1) 4 months

(2) 6 months

(3) 1 years

(4) 2 years

(5) None of these

Q.9. Who is primarily liable on a promissory note?

(1) Holder

(2) Endorser

(3) Maker

(4) Drawee

(5) Payee

Q.10. Which of the following cannot be declared as insolvent?

(1) Minors

(2) Lunatics

(3) Corporations

(4) All of these

(5) None of these

Answer: 

Q.1.(3)
Q.2.(4)
Q.3.(3)
Q.4.(2)
Q.5.(4)
Q.6.(5)
Q.7.(4)
Q.8.(4)
Q.9.(3)
Q.10.(4)