General Awareness 1. Ref : Banking Regulation Act, 1949. Identify odd item : a) Deposits b) Loans c) Investment d) Trading activity 2. “Account payee only” crossing is a direction to a) paying banker only b) collecting banker only c) both paying and collecting bankers d) payee only 3. Individuals who are engaged in trading or manufacturing activity can accept deposits. a) true ; but they should report to RBI quarterly b) partly true ; they can accept deposit from friends c) partly true ; they can accept deposit from relatives d) partly true ; both b & c 4. Debenture is a document acknowledging a) Company’s indebtedness b) Company’s ownership c) Ownership of machinery d) None of the above 5. To commence or carrying on banking business in India, a company needs a) Licence from the Registrar of Companies b) Licence from the respective State Government c) Licence from the Reserve Bank d) No need for any licence 6. No banker issues a bearer draft. The reason is a) banking practice b) prohibited under BR Act c) prohibited under RBI Act d) prohibited under RBI Act 7. Paying banker gets protection in case of payment of a bearer cheque Sec. of NI Act. a) 25 b) 65 c) 85 d) 128 8. Under Section 131 of NI Act, the word conversion means a) transfer of title to a holder in due course b) transfer of tittle to a person who is not the true owner c) paying the value for a foreign currency instrument in Indian rupees d) changing the type of deposit 9. RBI can issue currency notes upto a maximum denomination of a) 1000 b) 5000 c) 10000 d) 20000 10. A pay order issued by a bank is construed to be a a) promissory note b) bill of exchange c) IOU d) cheque 11. Identify the odd item (Ref : Sale of Goods Act) a) Goods b) Movable Property c) Stocks & Shares d) Currency Notes 12. Voting rights of share holders is restricted to ………….% of total voting rights. a) 10% b) 20% c) 40% d) unlimited 13. The Director of a banking company can hold office continuously of a) 3 years b) 5 years c) 8 years d) for life 14. The sole authority of Currency Note issue is a) Reserve Bank b) State Bank c) Consortium of banks d) Exim Bank 15. Under letter of Credit, Bill means a) Bill of Entry b) Bill of Lading c) Bill of Exchange d) Invoice Answer this question to veiw the answer clik in the link given below bankexamquestions/services/banking-terms/
Posted on: Tue, 05 Nov 2013 05:42:37 +0000
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