Banking Awareness Quiz | 02 - 08 - 17

Q.1 What is the maximum number of endorsements that can be written on the negotiable instrument?

(1) 1

(2) 2

(3) 3

(4) 5

(5) No Limit

Q.2. Which of the following banks are not covered by DICGC ? 

(1) Local Area Banks

(2) Foreign Banks operating in India

(3) Regional Rural Banks

(4) Co-operatives

(5) NABARD

Q.3. The head quarter of ______ bank is situated in New Delhi. 

(1) Punjab National Bank

(2) Corporation Bank

(3) Vijaya Bank

(4) Allahabad Bank

(5) Union Bank of India

Q.4. What is a Nostro Account?

(1) An account

(2) An account

(3) An account 

(4) A bank account held in a foreign country by a domestic bank denominated in the currency of that country

(5) None of these

Q.5. A mandate is –

(1) an order of a court authorising a person to operate on another's account

(2) an authority given by the board of directors of a company through a resolution in favour of an official to operate on the banking account of the company

(3) an authority in writing by which the account holder empowers another person to operate on the account on his behalf

(4) All of the above

(5) None of these

Q.6. Commercial Paper is an unsecured money market security issued in the form of –

(1) Share certificate

(2) Debenture certificate

(3) Bill of exchange

(4) Promissory note

(5) None of these

Q.7. Twenty Point Programme was launched in 1975 by –

(1) Jawaharlal Nehru

(2) Indira Gandhi

(3) Morarji Desai

(4) Rajiv Gandhi

(5) None of these

Q.8. How many digits are contained in IFSC?

(1) 9

(2) 10

(3) 11

(4) 14

(5) 16

Q.9. Match the following organisations with their headquarters -

(A) OPEC         -        (1) Rome 

(B) ACU          -         (2) Switzerland

(C) FAO           -        (3) Belgium

(D) NATO         -        (4) Austria

(E) UNCTA       -        (5) Iran 

A B C D E 

(1) 3 4 2 1 5

(2) 4 2 3 5 1

(3) 1 2 5 3 4

(4) 2 5 1 4 3

(5) 4 5 1 3 2

Q.10. In case of collection of cheques and bills,the relationship of the banker with the customer is that of – 

(1) Banker as agent

(2) Banker as Tustee

(3) Banker as Principal

(4) Banker as Bailor

(5) None of these

Answer -

Q.1.(5) 

Q.2.(5) 

Q.3.(3) 

Q.4.(4) 

Q.5.(3) 

Q.6.(4) 

Q.7.(2) 

Q.8.(3) 

Q.9.(5)

Q.10.(1)