Dear Readers,
Banking Awareness has been an important part of various competitive exams, so we are here with a series of Banking Awareness Quiz on a daily basis on our platform. Follow the quiz daily to improve your banking awareness.
Q 1- When did NSE start its operations?
1. 1991
2. 1992
3. 1993
4. 1994
Q 2- In which of the markets securities cannot be sold?
1. Primary Market
2. Secondary Market
3. Stock Market
4. Both 1 and 2
Q 3- In which Section of Negotiable Instrument Act 1881, Negotiation is defined?
1. Section 10
2. Section 11
3. Section 12
4. Section 14
Q 4- Which of the following is not considered as a "Negotiable Instrument" as per the
Negotiable Instruments Act, 1881?
1. Demand Drafts
2. Bills of exchange
3. Cheques
4. Currency notes
Q 5- Which of the following is/are example(s) of Negotiable Instruments?
A. Hundi
B. Promissory Note
C. Cheque
D. Bonds
1. Only A and B
2. Only B and C
3. Only A and C
4. Only B, C and D
Q 6- Under which Section of the Negotiable Instruments Act,1881, Bill of Exchange is
defined?
1. Section 3
2. Section 4
3. Section 5
4. Section 6
Q 7- Which of the following section of Negotiable Instrument Act, 1881 describes
about "Cheque"?
1. Section 4
2. Section 5
3. Section 7
4. Section 6
Q 8- Under which of the following acts are the bank holidays taken into consideration
in India?
1. Banking Regulation Act 1949
2. Negotiable Instruments Act1881
3. RBI Act 1934
4. Companies Act 2013
Q 9- The party which is involved in Bill of Exchange and to whom the order
to pay is made is called________?
1. Drawer
2. Drawee
3. Payee
4. Endorser
Q 10- How many types of cheques are there as per the Negotiable Instruments
Act,1881?
1. 4
2. 6
3. 5
4. 3
Answers
Q.1 (4)
Q.2 (1)
Q.3 (4)
Q.4 (4)
Q.5 (4)
Q.6 (3)
Q.7 (4)
Q.8 (2)
Q.9 (2)
Q.10 (1)
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MAHENDRA GURU