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This set of Modern Banking Multiple Choice Questions & Answers (MCQs) focuses on Modern Banking Set 5
Q1 | Bankers lien is a general lien and is
- A special type of mortgage
- An implied pledge
- A pledged transaction
- Hypothecation transaction
Q2 | Which country is popular for branch banking
- Britain
- China
- India
- Japan
Q3 | Whose signature is affixed on currency notes
- President
- Prime Minister
- RBI governor
- Finance minister
Q4 | A post dated cheque is one which bears;
- A date which is not more than 6 months
- Future date
- An impossible date
- Back date
Q5 | A banker has the right to disclose the account position of a customer to...........
- Intimate friend
- Customers wife
- Trade reference
- Customers relatives
Q6 | An account usually maintained by businessmen in a bank is
- Current account
- Saving bank account
- Recurring deposit account
- None of these
Q7 | The system of banking attracting deposits and lending for short period is called
- Mixed banking
- Deposit banking
- Credit system
- Lending system
Q8 | When a loan is advanced on the basis of immovable property, it is called
- Pledge
- Hypothecation
- Mortgage
- Lien
Q9 | When a loan is advanced on the basis of movable property, it is called
- Pledge
- Hypothecation
- Mortgage
- Lien
Q10 | Which of the following are not methods of credit control
- Bank rate
- Rationing credit
- Issue of notes
- Direct action
Q11 | The banker will refuse payment against
- Post dated cheque
- Mutilated cheque
- Insufficient fund in a/c
- All of these
Q12 | The following is not a demand deposit
- Fixed deposit
- Annuity deposit
- Fixed deposit due
- All of these
Q13 | A cheque bearing a back date from the date of issue is
- Stale cheque
- Post dated cheque
- Marked cheque
- Ante dated cheque
Q14 | Banker lien shall not exercise upon
- Cheques for collection
- Bills for collection
- Call deposit
- Safe custody deposits
Q15 | Key loans are usually allowed on
- Buildings
- Goods under safe custody
- Goods in transit
- Goods for sale
Q16 | The country popular for unit banking is
- Russia
- India
- America
- Britain
Q17 | Overdraft facility is allowed to reputed customers on
- SB account
- Current account
- Fixed deposit
- Call deposit
Q18 | The authority controlling the clearing house scheme is
- RBI
- SBI
- SEBI
- Govt.
Q19 | Crossing of a cheque can be done by
- Drawer only
- Payee only
- Any holder
- None of these
Q20 | Cash Reserve Ratio of banks is insisted in RBI Act of 1934 under section
- 15
- 42
- 32
- 18
Q21 | In order to determine a cheque valid or not one has to examine..........
- Actual date of issue
- Date of receipt by payee
- Date of endorsement
- Date that cheque bears
Q22 | RBI is an example of
- Chartered company
- Statutory company
- Registered company
- Unlimited company
Q23 | A bank draft is drawn by
- Customer
- Bank
- Trader
- Any of the above
Q24 | Pledge means........
- Advance against goods
- To draw over and above deposit
- Bailment of goods as security
- Mortgage of building
Q25 | One Rupee notes is issued by
- RBI
- SBI
- Ministry of Finance
- Both RBI and Govt.