Bankers Adda is also known Banking Quiz Adda.
Today Bankers Adda came back with a New Quiz on Banking.
Go through the quiz and if you have any doubts please contact bankers adda in the comment section.
Aptitude Quiz Computer Quiz Daily Quiz
English Quiz GK Quiz Reasoning Quiz
English Learning Tips Invention Quiz Shortcuts
Interview Tips Abbreviations Dates to Remember
Q1: Across the face of a cheque bears the words “Peoples Bank”. What is its significance?
A : it is an extraneous matter appearing on the cheque. Hence should be returned.
B : the cheque is specially crossed in favour of Peoples Bank.
C : it is not a crossing as it does not contain two parallel lines
D : None of the above.
Q2 : A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will
A : note caution and will advise the payee to contact purchase of the draft
B : not act on the request
C : stop payment
D : None of the above
Q3 : BCSBI stands for
A : Banking codes and Standards Boards of India
B : Board code for standards in Branches
C : Board code for standards in Banking
D : None of the above.
Q4 : As per KYC Policy, the list of terrorist organizations is supplied to the bank by the
A : Government of India
B : CIBIL
C : IBA
D : RBI
Q5 : Association of National Exchanges Members of India ANMI is a body consisting of
A : Bankers and SEBI
B : SEBI and IBA
C : Brokers Operating in the National Exchanges
D : Bankers, SEBI, IBA and RBI
Q6 : As per RBI guidelines, when a counterfeit note is detected at the branch, it should be
A : Branded with a stamp “COUNTERFEIT BANKNOTE”
B : Recorded in a separate register under authentication
C : acknowledge in the prescribed format of RBI and issued to the tenderer
D : All of above.
Q7 : Asset Reconstruction company is associated with
A : DICGC
B : ECGC
C : NPA
D : SEBI
Q8 : As per RBI Directives which of the following areas/functions cannot be outsourced by the Banks:
A : Opening and closing of accounts
B : cash collection from the parties
C : recovery of bad loans
D : credit and debit cards
Q9 : At what stage of opening of bank account is the checking of Politically Exposed Persons PEP carried out
A : at the first point of customer interaction
B : at the Account Services Level
C : at the Central Account Services Level
D : one month after the account is opened
Q10 : Banks generally prefer to extend finances to registered firms only, because
A : banks will have priority over creditors in case of liquidation of the firm
B : the firms can sue the debtors in case of default on their part
C : banks can sue the firm in case of default
D : the creditors can sue the firm
Q11 : Balance of Trade of a country is equivalent to
A : difference between the Inward and Outward remittances made in foreign exchange
B : surplus generated shown in a Trading Account
C : difference between exports and imports
D : none of the above
Q12 : Banking services offered to units set up n Special Economic Zones (SEZs) have been exempted from paying
A : Capital gain tax
B : Income tax
C : Service tax
D : None of these
Q13 : Banker’s right of set off can be exercised on receipt of
A : Income tax attachment order
B : Garnishee order
C : Both A and B
D : None of the above
Q14 : Authorized dealers for Foreign exchange transactions are appointed by
A : Reserve Bank of India
B : Individual Banks
C : FEDAI
D : Government of India
Q15 : Banks should not grand new loans for purpose of minor irrigation in
A : White Block
B : Grey Bloc
C : Dark Block
D : All of the above
Q16 : Certificate in respect of an SSI unit is given by
A : RBI
B : Chamber of Commerce
C : District Industries Center
D : None of these
Q17 : Branches receive Potential Linked Plan through
A : Block Level Banker’s Committee
B : State Level Banker’s Committee
C : District Consultative Committee
D : Lead Bank Department
Q18 : Borrower’s ability to meet the immediate liabilities is indicated by
A : Current Ratio
B : Acid Test Ratio
C : Debt Equity Ratio
D : None of the above
Q19 : By devaluation we mean:
A : A fall in the domestic value of currency
B : A fall in the external value of a currency caused by the market forces
C : A fall in the external value of a currency caused by Government action
D : None of the above
Q20: By “Deemed Exports” it means
A : supplies of goods and services to units within the country which can earn foreign currency to the country
B : exports made by units situated in EPZ areas to other country.
C : exports made by EOU out of the country
D : anticipated value of experts
Today Bankers Adda came back with a New Quiz on Banking.
Go through the quiz and if you have any doubts please contact bankers adda in the comment section.
Aptitude Quiz Computer Quiz Daily Quiz
English Quiz GK Quiz Reasoning Quiz
English Learning Tips Invention Quiz Shortcuts
Interview Tips Abbreviations Dates to Remember
Q1: Across the face of a cheque bears the words “Peoples Bank”. What is its significance?
A : it is an extraneous matter appearing on the cheque. Hence should be returned.
B : the cheque is specially crossed in favour of Peoples Bank.
C : it is not a crossing as it does not contain two parallel lines
D : None of the above.
Q2 : A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will
A : note caution and will advise the payee to contact purchase of the draft
B : not act on the request
C : stop payment
D : None of the above
Q3 : BCSBI stands for
A : Banking codes and Standards Boards of India
B : Board code for standards in Branches
C : Board code for standards in Banking
D : None of the above.
Q4 : As per KYC Policy, the list of terrorist organizations is supplied to the bank by the
A : Government of India
B : CIBIL
C : IBA
D : RBI
Q5 : Association of National Exchanges Members of India ANMI is a body consisting of
A : Bankers and SEBI
B : SEBI and IBA
C : Brokers Operating in the National Exchanges
D : Bankers, SEBI, IBA and RBI
Q6 : As per RBI guidelines, when a counterfeit note is detected at the branch, it should be
A : Branded with a stamp “COUNTERFEIT BANKNOTE”
B : Recorded in a separate register under authentication
C : acknowledge in the prescribed format of RBI and issued to the tenderer
D : All of above.
Q7 : Asset Reconstruction company is associated with
A : DICGC
B : ECGC
C : NPA
D : SEBI
Q8 : As per RBI Directives which of the following areas/functions cannot be outsourced by the Banks:
A : Opening and closing of accounts
B : cash collection from the parties
C : recovery of bad loans
D : credit and debit cards
Q9 : At what stage of opening of bank account is the checking of Politically Exposed Persons PEP carried out
A : at the first point of customer interaction
B : at the Account Services Level
C : at the Central Account Services Level
D : one month after the account is opened
Q10 : Banks generally prefer to extend finances to registered firms only, because
A : banks will have priority over creditors in case of liquidation of the firm
B : the firms can sue the debtors in case of default on their part
C : banks can sue the firm in case of default
D : the creditors can sue the firm
Q11 : Balance of Trade of a country is equivalent to
A : difference between the Inward and Outward remittances made in foreign exchange
B : surplus generated shown in a Trading Account
C : difference between exports and imports
D : none of the above
Q12 : Banking services offered to units set up n Special Economic Zones (SEZs) have been exempted from paying
A : Capital gain tax
B : Income tax
C : Service tax
D : None of these
Q13 : Banker’s right of set off can be exercised on receipt of
A : Income tax attachment order
B : Garnishee order
C : Both A and B
D : None of the above
Q14 : Authorized dealers for Foreign exchange transactions are appointed by
A : Reserve Bank of India
B : Individual Banks
C : FEDAI
D : Government of India
Q15 : Banks should not grand new loans for purpose of minor irrigation in
A : White Block
B : Grey Bloc
C : Dark Block
D : All of the above
Q16 : Certificate in respect of an SSI unit is given by
A : RBI
B : Chamber of Commerce
C : District Industries Center
D : None of these
Q17 : Branches receive Potential Linked Plan through
A : Block Level Banker’s Committee
B : State Level Banker’s Committee
C : District Consultative Committee
D : Lead Bank Department
Q18 : Borrower’s ability to meet the immediate liabilities is indicated by
A : Current Ratio
B : Acid Test Ratio
C : Debt Equity Ratio
D : None of the above
Q19 : By devaluation we mean:
A : A fall in the domestic value of currency
B : A fall in the external value of a currency caused by the market forces
C : A fall in the external value of a currency caused by Government action
D : None of the above
Q20: By “Deemed Exports” it means
A : supplies of goods and services to units within the country which can earn foreign currency to the country
B : exports made by units situated in EPZ areas to other country.
C : exports made by EOU out of the country
D : anticipated value of experts
