Académique Documents
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10 A bill dated 22-11-2002 is payable 1 month after date. The bill will
mature on
1] 24-12-2002 2] 25-12-2002 3] 26-12-2002 4] 22-12-2002
11 A cheque drawn payable to A or B or order is presented across the
counter for payment by B alone
1] The cheque is to be returned as it can not be drawn payable to A
or B.2] Payment can be made after properly identifying B 3]
Payment should be refused unless B produces the death certificate
of A 4] Payment can be made with the consent of A only
12 A cheque for RS 10000/- has been presented in clearing and the
cheque has been debited to the respective account. You receive a
stop payment instruction from the drawer before the returns are
sent by the branch. In this situation You will 1] return the cheque
after cancelling the debit entry 2] since account is already debited
you can not accept stop payment instruction. 3] It is up to the
banker to decide 4] none of the above
13 A cheque drawn on account on which garnishee order is served .The
cheque should be returned with the remark
1] Garnishee order received 2] refer to drawer 3] account attached
4] orders not to pay
14 A is having a current account and the minimum balance required is
Rs5000/. The present balance is Rs 6000/-.A cheque is presented in
clearing for Rs 6000/- Now
1] You will return the cheque 2] You will pass the cheque 3] You will
pass the cheque and close the account 4] None of the above
15 In a bill the name of the “drawee in case of need” is mentioned.
When it was presented to the drawee it was dishonoured. Now the
bill is said to be dishonoured
1] Since it was dishonoured by the drawee 2] only after it is
presented to the drawee in case of need and dishonoured by him 3]
It is not compulsory to present it to drawee in case of need 4] none
of the above
16 With the amendment to N.I act on 01-04-1989(sec 138)
Dishonour of cheques for insufficiency of funds is deemed an
offence. the drawer of the cheque may be punished
1] Imprisonment for a term up to 1year or fine upto twice the
amount of the cheque or with both
2] Imprisonment for a term of 2 years 3] fine up to thrice the
cheque amount 4] imprisonment upto 2 years or fine which may
extend to twice the amount of the amount of cheque or with both
17 Which of the following is a foreign bill
1] A bill drawn in sets 2] A bill drawn at Chennai on a party in
Calcutta and payable at Colombo 3] a bill drawn at Mumbai on a
party in Newyork payable at New Delhi 4] none of the above
18 Order instruments are negotiated by
1] Endorsement 2] delivery 3] endorsement & delivery 4] an order
instrument can not be negotiated
90 Mr. Goodwill and Mr. Tang are having a joint FDR account with
operational instructions of ‘former or survivor’. Mr. Goodwill visits
your branch and request for a loan against the FDR. Meanwhile, Mr.
Tang calls up the branch and requests you not to give loan to Mr.
Goodwill due to his old age as he behaves abnormal at times.. You
will:
1) Refuse the loan without the joint discharge of Goodwill and
Tang
2) Goodwill will be given loan without the consent/discharge
by Tang
3) Goodwill will be given loan if he produces the medical
certificate of his sound mind
4) None of the above
91 In Annual information Return in form 61A ,the banks (other than
RBI) have to report
1) cash deposits in an account for a FY is 10 lakhs or more 2) cash
deposits in a FY is 10 lakhs or more in a SAVINGS account 3)Credit
card transaction in a FY is 2 lakhs or more 4) Purchase of RBI bonds
for Rs 5 lakhs and above in a FY 5) 1 to 4 6) 2 & 3 only
92 An illeterate NRI working in Gulf, on his temporary visit to India
approaches your branch and wants to open a Non Resident account.
Which of the following account will not be allowed:
1) NRE 2) FCNR 3) NRO 4) RFC
93 In which of the following nomination facility is not allowed :
1) Non Resident Ordinary account 2) Non- Resident External
account 3) FCNR 4) Resident Foreign Current account 5) None
of the above
94 Ajay endorses the cheque in favour of Bhawana who further
endorses the cheque to Chetna. However Bhawana dies before
handling over the instrument to Chetna. How can the executor of
Bhawana transfer the cheque to Chetna?
1) Fresh endorsement 2) Delivery only 3) Re-endorsement
and delivery 4)None of the above
95 Mr. Arrogant is having a current overdraft account showing
overdraft of Rs.850/- Inspite of repeated request he failed to adjust
the account The counter clerk informs you that Mr. Arrogant is
having a saving bank account with the branch, which is showing a
balance of Rs.1050/-. On the instructions of the Manager, the
amount outstanding in OD account is adjusted by transfer from
saving bank account. The Manager has exercised the:
1) Right of Set-off 2) Bankers lien 3) Bankers right of
appropriation
4) Bankers special lien
96 Stamp Duty applicable on a promissory note payable otherwise than
on demand depends on:
1) Amount only 2) Tenor only 3) Amount and as per state
Stamp Act
4) Amount and usance period
97 Bank’s Lien is :
1) Contigent Lien 2) Particular Lien 3) General Lien
4) B and C 5) All of the above
98 High value clearing refers to cheques of:
Rs.1,00,000 and above 2) Rs.50,000 and above
Rs.10,00,000 and above 4) None of these
99 A valued customer Sh. Rammohan had taken loan against National
Savings Certificate from your branch Sh. Rammohan had made
nomination in favour of his wife. The bank before giving the loan
had got the lien marked at the post office. You are now informed
that Mr. Rammohan has since expired. How will you recover the
amount:
1) The nominee will be asked to adjust the account
2) Legal heirs will be served the notice of the outstanding
liability and for its adjustment
3) Bank will present the NSC directly to post office and claim
the amount for adjustment of the loan
4) Any of the above
100 Under which of the following documents the bank collects supply
bills:
1) Mandate 2) Letter of Authority 3) Indemnity Bond 4) Power of
Attorney
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