Banking Quiz 25

Bankers Adda is also known as 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.

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1.  Expand AEPS in terms of banking.

(a) Aadhaar-enabled Payment Service
(b) Aadhaar-enabled Payment system
(c) Automated engineered payment service
(d) Aadhaar-enabled promotion scheme
(e) None of these



2.  India – EU Free Trade Agreement (FTA) talks gain momentum. This talks comprises of many aspects like IPR, TRIPS, BTIA etc. Expand BTIA.

(a) Bilateral trade and investment agreement
(b) Bilateral trade and investment augmentation
(c) Broad-based trade and investment agreement
(d) Broad-based trade and investment augmentation
(e) None of these



3.  Which of the following is not a tool in the hand of RBI to control inflation?

(a) CRR
(b) SLR
(c) Base Rate
(d) SDR
(e) None of these



4.  When was Bretton Woods Conference held, which resulted in the formation of IBRD, IMF, GATT etc.?

(a) July, 1944
(b) Feb, 1945
(c) Dec, 1944
(d) Jan, 1945
(e) None of these



5.  A ‘cheque’ is considered stale, if it is presented after ____months –

(a) 03 months
(b) 05 months
(c) 12 months
(d) 06 months
(e) None of these



6.  When was International Monetary Fund (IMF) established?

(a) 1945
(b) 1944
(c) 1946
(d) 1947
(e) None of these



7.  Who is the managing director and chief executive of National Payment Corporation of India (NPCI)?

(a) P singh Lakhania
(b) Milond Banerjee
(c) AP Hota
(d) Lal singh
(e) None of these



8.  Bank may refuse to pay if any cheque is presented after _____ months as per new guidelines of RBI –

(a) 03 months
(b) 04 months
(c) 06 months
(d) 01 year
(e) No limit



9.  Generally, a cheque amount is not paid on the cash counter of the bank if the cheque is –

(a) Cross
(b) Bearer
(c) Self
(d) Order
(e) All of these



10.  If a cheque is crossed on its face using words ‘not negotiable’, what does it mean?

(a) The cheque cannot be paid at all.
(b) The cheque can be paid only to the payee’s account.
(c) The cheque has been bounced.
(d)  If the cheque is transferred to another person, the person who obtains has less right to it than the person who gave it.
(e) None of these



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