Questions For Banking Examination

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Question bag
(With 1000 Questions & answers)
for
Promotion test [2012]
WISHING YOU ALL THE BEST
STAFF COLLEGE BANGALORE
Disclaimer: This is purely a voluntary effort for dissemination of knowledge and enabling people to
prepare for promotion test. Best efforts have been put to provide the accurate and updated
information. However, the users are requested to refer relevant circulars and policies of our Bank for
further clarity –
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INDEX
S.NO. Contents QUESTION
BAG NO.
PAGE
NO.
Question bag(part-1) 500 Qs.
01 Our organization-
Business parameters,
Annual Results of bank –31 March
2012,
Important milestones-2011-12
Q.set-1 4-9
02 Our products-
CASA & term deposits NRI deposit
products, retail lending ,MSME
loan products, priority sector
products
Union brand products
tech products,
TPPD products,
Q.set-2
Q.set.-3
Q.set.-4
Q.set.-5
10-16
17-21
22-29
30-36
03 General Banking-
Type of Customers, bankingombudsman,
COPRA, nomination
death-claim,
general credit & NPA
Q.set.-6
Q.set-7
Q.set-8
37-46
47-56
57-62
04
Negotiable instrument Act
Q.set-9
Q.set-10
63-69
70-77
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Question bag(part-2) 500 Qs.
04 Financial inclusion
KYC & AML
Q.set.-11
05 Priority Sector-
Guidelines, Agriculture credit,
SHG,JLG,
Q.set.-12
Government schemes-
PMEGP,SGSY,
SJSRY,DRI &CGTMSE,
Q.set-13
Qset-14
09 FOREX
-IMPORTANT TERMS,
FOREIGN REMITTANCE,
EXPORT& IMPORT
Q.set.-15
Q set-16
Q.set-17
10 Indian Budget-2012-13 focused on
banking industry
Latest updates in banking
Q.set.-18
11 Important policies of our bank
LOAN POLICY, MSME,MONITORING
POLICY,RECOVERY,
DEPOSIT POLICY,CHEQUE COLLECTION
POLICY
Qset-19
12 Questions based on latest circulars
FY2011-12 & till date(19.05.2012)
Qset-20
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Question Bag (part-1)
Question Set-1
(OUR ORGANISATION)
1
As of 31st March 2012, our Bank’s domestic business isRs.393512 crore
(domestic deposits Rs.221662Cr. & domestic advance Rs.171850 Cr.)what
is global business mix -
a) Rs.400000 crs b) 355000 crs c) 403900 crs d) None
2 Global deposits of our bank increased from 202461cr (march2011) to…….
1. 220000cr 3.232150 cr
2. 222869 cr 4.none of these
3 Capital adequacy ratio of of bank was 12.95% as on march 2011,what is
the CAR as of mar,2012as per Basel II
a) 11.85% b). 13.85% c). 10.85% 4. 13%
4 Global advance of the Bank is………… as on 31.03.2012
a.150000 cr b. 165000 cr c 181031 cr d. 185050 cr
5 Our Bank has opened first E-focal point branch opened on 05.01.2012 at
new Delhi for ______
a)Government business b) providing excellence customer service
c) special service for HNIs d) customer grievances
6 CASA share of total deposit of our bank as on mar,2012…..
1.31.28% 2. 33% 3. 32.10% 4. 30.98%
7 NIM for march, 2011 was 3.33%. what is % of NIM as of mar, 2012 on
earning assets?
a) 3.21% b) 3.53% c) 3.41% d) 3.1%
8 Bank enhanced its ranking from 10th position (1991) to …… position in
ranking of natioanlised banks the year of2011.
a. 6th b.5th c. 7th d .8th
9 During last 2 decade (1991-2011) union bank recorded higher growth in
business(19.07%) compared to growth rate of 17.65% recorded by the all
scheduled commercial banks.
a) True b) false
10 We have launched Star Union Dai ichi Insurance Corpn in collaboration
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with bank of India what is the share of union bank of India as on may
2012
a) 26% b) 28% c) 24% d) none
11 Bank has bagged golden peacock award 4th time for the year 2011
this prestigious award is given in the field of …..0
a. Training b. technology c. customer service d. grievance
redressal system
12 Which of following is not correct?
a. Bank has 3800 ATM as on march 2012
b. Bank is the 3rd largest deployer of ATMs amongst public sector
banks
c. Rupay is debit card of our bank launched on 26.03.2012 by NPCI
d. Bank has started series of SAMPOORNA ATM for its sponsored 2
RRBs
14 Cashless campus project is a unique innovation of bank where payments
of the university / college within the campus to electronic mode using
technology plateform ( true/ false)
13 Bank projects growth of 17% for deposits,19% for advances for the year-
2012-13
( true / false)
14 Union Chetna”-tick the incorrect about this product.
a. an information window for the customers as well as employees.
where contents may be displayed in 18 regional languages
b. To achieve the goal of financial literacy and awareness
c. bank service will be available to customers during the business
hours wherein information on various products and services of the
bank will be displayed along with other useful financial
information. The same window will be the knowledge gateway for
the staff after business hours
d. Available other than 103 Village knowledge centers
15 HONGKONG branch as on 31.03.2012 shows following business parameters
which is not correct
a. business mix is 2.04 USD ie.10388 crs as of march2012
b. deposit is 1207cr & advance 9181cr
c. Net profit is 102 cr
d. Net profit of the branch has shown YOY–ve growth due to size
of advance is at higher side than deposit
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16. Yield on advances improved from 9.86 %(2010-11) to ……in 2011-12
a)12.95% b)11.85% c)12% d) 11.22%
17 The Tier I CRAR of our bank is at 8.37% as on March 2012.
a) True b) false
18 Provision coverage ratio as on 31.03.2012 which amounts to Rs.3467 cr
a) 63% b) 62.22 % c) 70% d) 65.5%
19 Government shareholding has come down from 57.07% to 54.35% because
Bank has allotted 2,62,16,620 shares to LIC ( Rs.650.30 crore)
a) True b) false
20 Bank launched a Customer care unit in Mumbai to……..
a) Resolve customer complaints and eliminate the root cause of
complaints
b) Provide best customer service
c) Care 4 tier SB account holders
d) Boost Alternate Delivery Channel
21 Union bank become first PSB to introduce UNION FLASH remit under
tie up with ……… exchange
a) UAE
b) USA
c) UK
d) USSR
22 CASA ( demand deposits) of our bank as on 31.03.2012
a) 70000 crore
b) 50429 crore
c) 69705 crore
d) 67905 crore
23 Which of the following is not correct?
a) Global business YOY growth-13.62%
b) Advances has grown by 18.30%
c) Deposit growth-10.08%
d) Operating profit growth is (-)22.04%
24 As per survey conducted by ICMR & BFM ( banking & finance
magazine)customer perception survey our bank has ranked the best
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nationalized bank and the………best among all banks in the country.
a) 2nd b) 3rd c) 4th d) 5th
25 UNION KBC asset management co. partnered with Belgium based KBC AM
for entry into FM space in India and started operation( may-2011).In which
bank has stake
a) 76% b) 51% c) 56% d) 48%
26 As of march 2012 “ composition of retail assets” which of the following
is incorrect.
a) Housing loan-64.72%
b) Education loan-11.45%
c) Other retail loan-12.07%
d) Auto loan-10.05%
27 Net profit is affected mainly due to[ 2082 crore (2011) to 1787 crore as on
31.03.2012]
a) Higher provisioning amounting to Rs.508 crore for restructured
accounts.
b) Operating profit in Q-4 2012 has come down
c) Both a & b
d) Negative YOY growth in net interest income
28 Bank has made provision of 230 crore in slandered assets as on 31.03.2012
a) True
b) false
29 Bank has 5 rep.office in shanghai,Beijing,abudhabi,London,Sydney.which
of 2 rep offices are in process of upgradation to branches offices
a) London & Sydney
b) Beijing & Sydney
c) London & shanghai
d) Abudhabi & london
30 Net worth of bank is………….crore
a) 14338 cr b) 15550 crore c)16000 D)661.55 cr
31 Transactions through electronic channel increased from 50.49 %
to………..% as of mar,2012
a) 65% b) 54.75% c) 55.51% d) 52%
32 Bank opened 1167 ATMS during year 2011-12. How many branches opened
during the same period
a) 185 b) 200 c) 165 d) 205
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33 Total service outlets( branches+ ATMs ) of our banks as of mar,2012
a)7002 b) 6001 c) 6502 d) 6801
34 What is major component of total advances having share of 58.07%.
a) Wholesale advance
b) Retail advance
c) Agriculture advance
d) MSME
35 As per priority sector bench mark agriculture loan should be 18% of ANBC
What is size of Ag. Advance of our bank as of mar,2012
a) 16292 crore (9.00% of total advance)
b) 16242 crore ( 8.97% of total adv)
c) 24662 crore ( 13.62 crore of total advance)
36 Recovery in written off accounts ( YOY growth 66.98% _is component of
NON interest income( 2332 cr as of 31.03.2012). what is the amount?
a) 356 cr c) 456 cr
b) 354 cr d)345 cr
37 Net interest income (NII) has come down to 6909 cr as of mar,2012 as
compare to previous year
a) True
b) false
38 Provision on NPA made by the bank in FY2011-12
a) 1511 cr c)926 cr
b) 1741 cr d) 507 cr
39 Which of the productivity ratio is not correct as on 31.03.2012
a) Business per employee 1310 lacs
b) Net profit per employee17.04 lacs
c) Business per branch 12618 lacs
d) Net profit per branch has increased YOY to 55.83lacs
40 Gross NPA of our bank in 2011-12
a) 5450 cr ( 3.01%)
b) 5260 cr ( 3.43%)
c) 5209 cr ( 3.33%)
d) 5540 cr ( 3.11%)
41 Total slippage in the FY 2011-12 is ……………crore
a) 3760 b) 3670 C) 3632 d) 3232
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42 Capital of the bank as per balance sheet of bank march,2012
a)63533 lacs b) 66155 lacs c) 69355 lacs d) none of above
43 Outlook money recognized the bank as best …………… loan provider
a) Home loan
b) Education loan
c) Auto loan
d) SME loan
44 Investments of the bank as of march,2012
a. 5839914 lacs c.600000 cr
b. 6236356 lacs d. none
45 Bank projects growth of …..% for deposits for the year 2012-13,
a. 17 b) 19 C) 25 d. 21.5
46 Bank projects growth in advance in the year -2012-13-
a. 21% b) 19% c) 25% d) 35%
48 Union bank has launched green banking in which city?
a. Kolkata b. Mumbai c. Chennai d new delhi
49 How many union experience branches have been opened so far( up to may
2012)
a. 111 b. 112 .. c. 101 d. 51
50 KGSGB bank ( RRB OF UNION BANK ) is first bank in the country to achieve
100% CBS & NEFT services
a. True b. false
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Question Set-2
(DEPOSIT PRODUCTS)
Q.
1
SMALLFRL SB account can be operative for how many years.
a)1 year b) 10 years c) 5 years d) no such limit
2 Additional interest of 0.5 % is given to Senior Citizens (60 years and above)
who deposit for --- or more in Term Deposit.
a)1 year b) 6 months c) 7 days d) no such limit
3 Which benefit is available to staff
a) Only additional interest of 1% b) Both benefits of Senior Citizen and
additional interest of 1% c) Either of the two
4 Who can be exempted from Photograph requirement while account opening?
a) Bank b) Govt. Deptt. C) Staff d) All the above.
5 A minor who is eligible to read and write and on completion of which age is
allowed to open and operate independently a savings account?
a)10 and above b) 15 and above c) 18 and above d) 21 and above
6 Which is not true about the operational limits of no frill accounts
a. Agg. credit in F.Y. should not exceed Rs. 1 lac
b. any time balance should not exceed more than 50000/
c. Maximum withdrawal at one time should not exceed Rs10000/
d. Both a & b are true
7 Bank has offered tier products to its customers( IC9175 dated
04.01.2012)which is not correct about tier products…
a) It is only for the customer who are having SB accounts
b) It is applicable for urban & metro branches
c) It is not for existing customers this facility is for new
customers
d) 4 tiers are-classic(Rs.25000-49999) , silver (Rs.50000-99999), gold
(Rs.100000-499999) & platinum (Rs.5 lacs & above)
8. USSA-union super salary account has following features:
which one is not true
a) For opening an account Co./Prop,/partnership firm/Govt. Body/Any
Institution should have 15 employee with avg. net monthly salary
Rs.10000/
b) Can be opened with zero balance with minimum balance charge
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c) Interest concession of 0.5 % for retail schemes if in group of not less
than 15 individuals
d) OD 90% of last month salary whichever is less to approval of Co.
9 While allowing loan against deposit which balance is considered?
a)Principal amount b) Principal amount plus accrued interest c) Maturity
Value
10 In case of Flexi SB minimum balance required in SB portion is Rs.
a) 10000/- b) 5000/- c) 25000/- d) Nil
11 Loan against Flexi deposit can be allowed.
a) True b) False
12 Installments under Union Monthly Plus Can be varied.
a) a) True b) False
13 Minimum and maximum amount of deposit in Union Tax Saver to avail benefit
Under Sec. 80C of IT act is Rs.
a)5000,100000 b) 10000, 25000 c) 10000, 100000
14 In case of Union Monthly Plus accounts opened after 01.05.2009 the
maximum one can remit in a month is Rs.
a) 10 time of Core amount b) Maximum of Rs. 1 lac only c) 50000/- d) a+b
15 Lock in period in case of Union Tax Saver is how many years?
a)1 b) 2 c) 5 d) Nil
16 Only Individuals and HUFs having PAN are eligible under Union Tax Saver
Scheme.
a) True b) False
17 Union Monthly Plus Can be opened by
a) Individuals b) Partnership c) NRIs d) All
18 Under Flexi Deposit scheme ATM Card can be issued.
a) True
b) False
19. In case of no frill account no. of free customer induced entries per half
year are
a) 30
b) 60
c) 50
d) No such limit
20. Zero balance account is opened for students. Which of the following is true
a) major & minor students can open their accounts
b) Only for students below 18 years for their scholarship
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c) Even below 10 years student can open his/her account in own name for
only scholarship
d) ATM & cheque book facility is available
21. What is not true about Small frill accounts?
a) Withdrawal or transfer in a calendar month does not exceed
Rs,10000/ per month
b) It will remain operative for 36 months
c) Account can be opened even without introduction
d) Account can be opened on the basis of declaration and self-attested
photo
. Loan products-
22. UNION HOME scheme is open for:
a) Purchase of New House/Flat
b) Construction of House
c) Repayment of housing loan availed from others agencies.
d) All the above.
23. Eligibility criteria under UNION HOME scheme is:
a) Indian Citizen not below 21 years.
b) Age 18 years & above.
24. Maximum period of Moratorium under U Home:
a) 18 months
b) 12 months
c) 6 months.
25. What are the types of repayments available under Union Home Loan?
a) Equated Monthly Installment.
b) Step Up Repayment.
c) Flip Repayment.
d) Balloon Repayment.
e) All the above.
26. Maximum repayment period permissible under Union Home loan in our Bank?
a) 25 years
b) 20 years
c) 10 years
d) 18 months
27. Maximum repayment period permissible under Union Home loan – For Repair in our
Bank?
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a) 20 years
b) 25 years
c) 10 years
d) 05 years
28. Margin prescribed under U.Miles, old car of 3 years.
a) 20%
b) 50%
c) 15%.
29. UNION TOP-UP scheme is opened to:
a) Existing Home loan borrowers.
b) Those who repaid 24 EMIs in Home loan account.
c) Standard asset with regular repayment in Home loan account.
d) All the above.
30. UNION SMILE scheme is open to:
a) Pensioners only
b) Salaried persons only
c) Pensioners & Salaried persons drawing pension/salary through our
branches
d) Any customer
31. Quantum of loan under UNION CASH is:
a) 12 months gross pension
b) Maximum Rs.1, 00,000-
c) 6 times of pension
d) a & b.
32. What are the expenses covered under Union Education Loan?
a) Fee payable to college/school/hostel
b) Examination/library/laboratory fee
c) Purchase of books/caution deposit/purchase of computers
d) All the above
33. Quantum of loan under U Mortgage:
a) 3 times Gross Annual Income of salaried persons.
b) 2 times Net Annual Income of Others (as per latest IT return).
c) 4 times of gross annual income subject to net take home pay
d) All the above.
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34. Loan scheme for Medical practitioners under Retail is termed as:
a) Union Rent
b) Union Gold
c) Union Health
d) Union Comfort.
35. Maximum repayment period permissible under Union Top-Up?
a) 20 years
b) 15 years
c) 10 years
d) 5 years.
36. What should be minimum marks as per grade scoring chart?
a) 40%
b) 50%
c) 65%
d) 55%
37. Under union home stamp duty, registration .fee, transfer fee, etc. should
be excluded while computing the cost and arriving at eligible quantum for the
purpose of not diluting the LTV as per RBI norms
a) True
b) false
38. Under union education our bank has come out with special scheme for the
students with maximum amount of loan…
a) 20 Lakh
b) 22 lakh
c) 10 lakh
d) 25 lakh
39.for union health scheme any qualified registered medical practicener
should have minimum experience of ……….years
a) 3 years
b) 5 years
c) 7 years
d) No such experience required
40. What is maximum amount under union health scheme?
a) 100 lakh
b) 200lakh
c) 500 lakh
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d) need based
41. Under Union reverse mortgage scheme minimum age of applicant should be
a) Minimum age of borrower to be 60 years & that of the spouse to be
55 years
b) 65 years
c) No age criteria but he should be retired from any government job
d) None of above
42. For which two ministries special schemes have been launched by our bank
in which under the retail schemes (union home, union mile, union education,&
union comfort )some concessions ( ROI , PC waived) have been provided for the
employee .
a) Home & defence
b) tourism & foreign affair
c) Finance & commerce
d) Railway & transport
42 under union Bhumiheen green card scheme maximum limit amount(Rs.)
can be sanctioned to tenant farmers/ oral lessees/ sharecroppers etc.
a) 25000/- b) 50000/ c) 10000/- d)1lakh
43 Union general credit card facility is applicable only for rural and semi
urban branches customers.
a) True
b) false
44 under Union gold loan scheme lendable amount should be calculated ...
a) Appraised value of the ornaments (i.e.80% of a.v.)
b) Scale of finance in case gold loan is sanctioned to agriculturist for
the production purposes.
c) Both are correct
45. Which are the loans are not eligible for interest subvention scheme
a) UGC / crop loan up to 3 lakh
b) Union gold loan for agriculturist up to 3 lakh
c) Union bhumiheen green card up to Rs.25000/-
d) Union general credit card up to 25000/-
46 which of the following is correct
a) UNION HIGH PRIDE- quantum of loan above Rs.5.0 crore, up to
Rs.25.0 crore
b) Union Procure – Quantum Rs25 lakh to 5 crore
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c) Union Cyber- Max. amount of loan.Rs.3.0lakh
d) All are correct
47 “SME PLUS” is
a) For short term working capital requirement of MSE
b) Additional term loan to MSE in case of need
c) Repayment period is extended by one year
48 Union Support is scheme for professional where maximum loan amount
is Rs.20 lakh (True / False )
49 Union Transport is financing to purchase of transport vehicles. Which
one of the following is not correct?
a) Maximum number of vehicle should not be more than 10
b) Maximum amount per fleet (of less than 10 vehicle) is Rs. 350 lakh
c) Repayment period is 36 month
50. BHAGYA,& SAUBHAGYA are
a) Schemes for the benefit for urban poors migrants, hawkers stated by
our bank
b) Bhagya is a clean loan facility for all FI customers
c) Saubhagya is a deposit linked loan to them
d) All are correct
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Question Set-3
(Union branded PRODUCTS-At a glance)
S.N
Name of product Know few features & add some points…..
1. USSA Union super salary account -SB Product for
salaried class ,min. employee 15, monthly
disbursement of Rs,150000/,90% OD of salary
maximum25000/-
Interest Concession……..?
2. Union tier
products
SB accounts have 4 tier namely classic, silver
.gold, platinum(25000.50000.1lac , 5 lac +),only
for metro &urban, based on AQB.
What are other free facilities?
3. UCCA & UCCA
FOR BANKS
Union classic current account with additional free
facilities based on AMB
list these?
4. UNION MONTHLY
PLUS
RD account, no penalty for late deposit, 10 times
of core amount with max. cap of Rs.1 lakh can be
deposited ,
Note down other features?
5. UNION TAX SAVER Fixed deposit for min.period for 5 years
maximum 1 lac no loan upto locking period
Can we give loan facility against this FD?
6. UNION MILLION
DEPOSIT
DRC & cum a/c. with maturity value of one
million is it true?
7. UNION HOME Repayment pd.25 years, up to 30 lac base rate(
10.50% ) , LTV20% up to 2 crore , 35% if 2 crore
+,exclude the cost of reg. fee, trf. fee, stamp
duty while computing cost What is the maximum
amount under this scheme?
8. UNION MILE VEHICLE new + old( not more than 3 years.
2 wheeler 1.0 lac & 4 wheeler maximum75 lakh(
revised) for old max. 10 lakh
What is maximum period for 4 wheeler under tieup
arrangement?
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9. UNION
EDUCATION
Quantum of loan 10 lakh, studies in India & for
abroad …………lakh? For ISB maxm. Amount 22
lakh.
10. UNION MORTAGE Any individual , age .18-65years,minimum rs.5.0
lakh & maximum loan amount……..lakh?
11. UNION REVERSE
MORTGAGE
Minimum age of applicant 60 years. Minimum
amt.1 lakh & what is maximum amount?
12. UNION COMFORT Quantum of loan 6 month salary with maximum
amountRs1.0 lakh.
what is repayment period?
13. UNION HEALTH Medical practioner with experience……years
Amount 2lakh -500lakh
14. UNION CASH 12 month pension up to maximum amount
rs.1lakh. What is margin amount? (25%)
15. UNION SMILE salaried person, 90% of monthly salary,
what is rate of interest?(2%per month)
16. UNION E -invest On line application for public offering under
ASBA, funds in SB account to earn interest, no
hassels of refund .Expand ASBA?
17. U NION BILL PAY Tie up with India ideas.com(BILL DESK),launched
in Mumbai 25.04.2003,……..
18. UNION E TAX PAY Union eTax payment platform is the simplest way
to make your tax payments. It enables you to
make direct and indirect tax payments at your
doorstep.
19. UNION AWAS For purchase or construction of house, maximum
loan amount up to Rs. 7 lakhs for semi-urban
areas and up to Rs. 5 Lakhs for rural areas
For repairs of house, maximum loan amount up to
Rs. 3 lakhs for semi-urban areas and up to Rs. 2
Lakhs for rural areas
20. UNION MOBILE Limit 2 lakh per day, two type- SMS based,
Application based
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21. UNION
INSTACASH
ATM card holder of any bank can withdraw cash
up to Rs.1000/-per day through UBI POS terminal,
what are charges?(Rs.11.30per transaction)
22. UNION E- DEMAT On line trading facility to invest in Equity shares,
through union E- banking on line view of
accounts,
Name the co. tie up for trading?
23. UNION REACH Union Reach IVR Phone Banking
Call Centre has an Interactive Voice Response
system through which many of the services are
avilable
24. UNION UNFIXED Union Unfixed Deposit Scheme facilitates
withdrawal in units of deposits without affecting
the interest due on the subsisting (continuing)
portion of the deposit. For NRI (Indian
nationality)& PIO, Minimum Rs. 10,000/- or more
in multiples of Rs. 5,000/-for the min. period 12
month maximum-36 months
25. UNION SMART RUPEE
DEPOSIT
NRE fixed deposit product,
26. UNION SMART
FOREIGN
CURRENCY
NRI customer is interested in keeping his deposit
in FCNR fixed deposit only not NRE
27. UNION E REMIT Union e-Remit is online facility offered to NRIs.
web based remittance product enables NRIs in
USA and UK to send money directly from their
bank account in USA or UK to any beneficiary in
India.
28. UNION BILL PAY Electronic utility bills payment service, tie up
with indiaideas.com(bill desk),
29. UNION BULLET Real Time Gross Settlement [RTGS], introduced
by us as Union Bullet, is the fastest possible mode
of money transfer through bank channels
available in India.
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30. UNION PARADISE Housing loan product for employees of various
organizations who are on foreign assignment,
31. UNION GOLD Gold loan against ornaments, latest rate 2000/-
per gram, or 80% of appraised value
Which ever is lower,……
32. UNION BULLION scheme for financing the working capital
requirements of importers of jewellery
exporters and domestic jewellery
manufacturers,….
33. UNION HIGH
PRIDE
MSME product, Quantum-above 5 crore.-250 cr.
credit rating CR4 & above
34. UNION SME PLUS MSME product,for W.C. needs of temporary
nature ,20% Adhoc limit up to maximum?(10
CRORE)
35. UNION SUPPORT composite Term Loan which can be utilised for
purchase of shops, establishments, office
equipment including vehicles etc. and meeting
working capital requirements ,maximum 20 lakh.
36. UNION
TRANSPORT
MSME product, for purchase of 10 vehicle,
maximum amount?
37. UNION CYBER MSME product, an educated youth (age18-30
years) with basic computer knowledge in rural
/SU centers.
Max. loan amount?( 3 lakh)
38. UNION PROCURE Selected vendors supplying to large corporate
borrowers of bank, receivable financing, min.25
lakh & max amount? ( 5 crore)
39. UNION SUPPLY Financing purchases of dealers through Buyer's
Bill discounting, relating only to products
supplied by the concerned corporate, Minimum
Rs. 25 lac and Maximum Rs. 5 cr
40. UNION GREEN
CARD
Credit limit need based , as per scale of
finace,100% more than scale of finance with
permission of regional head, interest subvention
up to 3.0 lakh,
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41. UNION
MORTGAGE FOR
FARMER
Loan amount will be fixed on the basis of 5 times of annual or 50% of the value of land mortgaged, whichever is less, maximum limit Rs.10.00 lakh. for educational needs of of the sanctioned amount - maximum Rs. 2.50 lakh (whichever within the overall sanctioned limit.For other consumption will be restricted to 20% of the sanctioned amount or Rs.whichever is lower.
42. UNION WHITE
CARD
Dairy Loan, maximum amt.5.0 lakh….
43. UNION GENERAL
CREDIT CARD
Maximum loan 25000/-, only rural/SU branches
44. UNION PRAGATI Union Pragati solely intends the progress of
women. It is designed to meet the financial
requirements of women Smart Card holders
covered under financial inclusion project, towards meeting business, consumption needs. also an initiative to
free them from the clutches of moneylenders.
45. UNION MITR designed for the rural population. It facilitates
financial education to all strata of people.
46. UNION FLASH Union bank is the first PSB to introduce,
remittance facility under tie-up with UAE
Exchange
47. Union Bhumiheen
green card
Maximum limit 25000/-for land less farmers
(tenant/sharecroppers..)
48. UNION HARIYALI Business facilitatoris (union kisan mitra), for
promoting AG.lending…………..
49. Union Chetna
Information portal for customers as well as
employees of bank
50. Union inclusion Initiative taken by UBI under financial inclusion
plan-2010-13 like….opening of FI branches,
mobile van banking in Orissa, biometric card
remittance , solar lights in villages under UAGs
,etc…
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Question Set-4
[TECHNOLOGY PRODUCTS]
Q1:-For SMS banking, what kind of mobile handset is required?
(a) Java Enabled
(b) Blue Tooth enabled
(c) GPRS enabled
(d) Any Mobile
Q2:-Customer of Union Bank can get an e banking password from internet if he
has
(a) An ATM card
(b) A Credit Card
(c) A Gift Card
(d) Even without any card
Q3:- Minimum amount that can be remitted through NEFT
(a) 1.00 lac
(b) 5000
(c) No Limit
(d) 1000
Q4:- Trend Micro is
(a) Virus attack
(b) Sister concern of Microsoft
(c) Anti-Virus solution provider
(d) Microwave system
Q5:- Union Bank’s customer can do the following at other bank’s ATMs
(a) Fund transfer among self a/cs
(b) Cash Withdrawals
(c) Register for e banking
(d) ALL
Q6:- The limit for cash withdrawal from bank’s ATM using Credit Card
(a) 20%
(b) 50 %
(c) 15%
23 | P a g e
(d) No limit
Q 7:- A high speed computer is one, which has
(a) Higher frequency Processor
(b) Higher capacity Hard disk
(c) Higher capacity RAM
(d) Big motherboard
Q 8:- “R A M “is a
(a) Primary Memory
(b) Secondary Memory
(c) Tertiary Memory
(d) None of these
Q9:- In a computer monitor “T F T” stands for
(a) Tungsten Fused Tube
(b) Thin Flat Tube
(c) Thin film Transistor
(d) Tough for Transport
Q 10:- A common port for all devices is known as
(a) Universal Serial Bus
(b) Parallel port
(c) Smart port
(d) Serial port
Q11:- An “Operating System” in a computer can be compared as
(a) A river for a boat to sail
(b) A road for a motor to ply
(c) Air for birds to fly
(d) All the above
Q 12:- “Microsoft Excel 2007” is a
(a) Operating System
(b) Application Software
(c) System software
(d) Middle ware
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Q 13:- “I S D N “stands for
(a) International society for digital Network
(b) International Subscribers Distance Networking
(c) Integrated System for day and Night
(d) Integrated Services Digital Network
Q 14:- “ L I N U X “ is
(a) Operating System
(b) Another version of Microsoft Office
(c) A high speed processor from IBM
(d) None of these
Q 15:- “Software as Service’ (S A S) works on
(a) C U I model
(b) G P S Model
(c) Cloud computing Model
(d) None of these
Q 16:- To make computer work faster, increase the
(a) ROM
(b) Hard disk storage capacity
(c) RAM
(d) USB
Q 17:- “Pay Roll Cards” are issued to
(a) Corporate
(b) Individuals
(c) Students
(d) Foreigners
Q18:- Which of the following can not be used in ATM
(a) Credit Card
25 | P a g e
(b) Visa Debit card
(c) Gift Card
(d) Pay Roll Card
Q19:- Which of the following is a language not handled at “Call Centre” at
present
(a) Bengali
(b) Guajarati
(c) Oriya
(d) Malayalam
Q20:- Which of the following is the package available for tracking calls made to
call centre
(a) Finacle
(b) Union MIS
(c) LMS
(d) UBIFO
Q21:- Value can be re-loaded on which following card un-limited times
(a) Debit Card
(b) Pay Roll card
(c) Gift Card
(d) ATM Card
Q22:- “Key logger” is
(a) Used by fraudulent people to record the key strokes
(b) Used by Microsoft to maintain logs of Keyboard keys
(c) Used by IT Security to lock the key board keys
(d) Any one of the above
Q23:- Which of the following communication modes, is not supported by Mobile
Banking
(a) W A P
(b) GPRS
(c) 3 G
(d) None of these
Q24:- “ I M E I “ stands for
(a) International Mobile Equipment Identity
b) International Mobile Enforcement Institute
(c) Indian Mobile equipment institute
(d) International Market for Equipment implants
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Q25:- ‘………………………..’ is a center promoted by RBI for research in banking
technology
(a) N I B M
(b) C A B
(c) CERT-IN
(d) IDRBT
Q26:- ‘Straight through process’ (STP) is used for
(a) RTGS
(b) OLTAS
(c) ECS
(d) CTS
Q27:- ‘Windows’ applications run on
(a) C U I
(b) G U I
(c) M U I
(d) R U I
Q28:- Which of the following can not be accessed by overseas customers
(a) SMS Banking
(b) Internet Banking
(c) Mobile Banking
(d) Call Centre
Q29:- ‘M-20’ report is available in following links
(a) http://172.31.10.112
(b) http:// 172.31.12.120
(c) http://172.31.12.112
(d) http://172.31.10.120
Q30:- “JADOO” is
(a) Latest Tariff plan by Airtel for Pre paid mobiles
(b) 3-G service by B S N L
(c) CDMA service by Reliance Communications
(d) FDMA service by idea cellular
27 | P a g e
Q31:- ‘C D M A’ stands for
(a) Code Division Multiple Access
(b) Combined Division for Mobile Access
(c) Company Designed Mobile Accessories
(d) Code Distribution for Mobile Activation
Q32:- Which of the following is not a delivery channel (A Channel of delivery)?
(a) Call Centre
(b) Point Of Sale
(c) ATM Card
(d) Mobile Banking
Q33:-To have password for mobile banking, customer of Union Bank has to visit
(a) Our Bank’s ATM
(b) a & c
(c) Our internet Banking Site
(d) Receive from DIT
Q34:- To use application based Mobile banking, customer must have in his
mobile
(a) GPRS
(b) Blue tooth
(c) Java
(d) none of these
Q35:-Insurance Cover of amount is available on Union Bank’s Debit cum ATM
card
(a) 5.00 lac
(b) 2.00 lac
(c) 1.00lac
(d) No limit
Q36:-CVV is a term used for
(a) Customer Verification Value
(b) Card Verification Value
(c) Credit Verification Value
(d) Customer Value Verification
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Q37:- ATM claims of a customer of Union Bank for our own ATM should be
settled in
(a) 12 days
(b) 60 Days
(c) Same Day
(d) 7 days
Q38:- Charges for issuance of e banking password to a Retail customer not
having ATM card
(a) 250
(b) No Charges
(c) 150
(d) 25
Q39:- V b V is
(a) Verified by Visa
(b) Visit by Visa
(c) Verify by value
(d) No idea
Q40:- GPRS enables a user to
(a) Know a location
(b) Browse internet on mobile
(c) Send MMS
(d) Any one of these
Q41:- Bank’s Gift card can be used
(a) PoS
(b) ATM
(c) Both of these
(d) None of these
Q42:-Mobile banking helps a customer to
(a) Fund transfer within bank
(b) Fund transfer outside bank (NEFT)
(c) Get location of an ATM of the bank
(d) All
Q43:- What is the maximum amount for issuing Gift card.
(a) 5000
(b) 50000
29 | P a g e
(c) 500
(d) No Limit
Q44:-As per new guidelines of RBI, limit for fund transfer through application
based mobile banking per day is
(a) 25000/-
(b) 50,000/-
(c) 1000/-
(d) Either of these
Q45:- To use Mobile banking, as per new guidelines, up to……………, fund
transfer can be done by any mobile without having Java Feature
(a) 1000
(b) 5000
(c) 10000
(d) All of these
Q46:- ASBA stands for
(a) Application supported by Bank Accounts
(b) Application supported by Beneficiary Account
(c) Application supported by Blocked amount
(d) Application submitted by Agents
Q47:-“Phishing” is
(a) Novel way of catching fishes
(b) An internet game
(c) Online fraud to get personal data
(d) A networking device to connect a PC to a remote
desktop
Q48:- ‘Cache Memory” is a
(a) Volatile Memory
(b) Permanent Memory
(c) Absolute Memory
(d) Waste Memory
Q49:- In a computer monitor, “L C D” stands for
30 | P a g e
(a) Liquid cathode display
(b) Local Crystal Display
(c) Low calorie Display
(d) Liquid Crystal Display
Q50:- “Skimmer” is a device to
(a) Skim milk from the cream
(b) Copy the data from magnetic strip of cards
(c) Capture the image of card holder
(d) Add the value of the credit cards
Question Set-5
1. Union Bank of India as a depository participant of --------
a) NSDL b) SEBI c) CDSL d)BSE e)None Of The Above
2. Which Institution has been set up to protect the interest of the small investor?
a) Company law board
b) SEBI
c) Ombudsman
d) OTCEI
e) BSE
3. Banks which are permitted to enter into insurance business and new private
sector banks must have capital adequacy of --------%
a) 10% b) 12% c) 9% d) 13% e) 11%
4. Physical shares are dematerialized by--------------
a) Banks b) SEB c) Companies d ) Depository e)Any
one of the above
5. Our Banks’ Union Demat services commenced in_________
a) Feb 2001 b) Feb 2002 c) Feb 2003 d ) March 2002 e) March 2001
6. Our Bank is extending the demat service at
a) Urban & Metro branches
b) Urban, Metro & Semi urban branches
c) Only at designated branches.
d) Only at M.S.Marg branch
e) At all our branches.
7. Our Bank has tie-up with following brokers fro extending the service of
online trading in shares & securities
a) Share khan
b) Emkay shares
c) IDBI capital
d) All of the above
31 | P a g e
e) None of the above
8. What is Stamp Vending
a) Selling of stamped papers through designated branches
b) Selling the stamped to the stamp vendors.
c) Franking of stamps through designated branches.
d) Sale of stamps through vending machines.
e) None of the above.
9. Our bank has tie up arrangement for rendering the service of Union Bill
Pay with
a) Utility companies
b) BSNL.com
c) MTNL .com
d) LIC India.com
e) India Idea .com
10. Which PSU bank has first Introduced the SMS banking service in the country.
a) STATE BANK OF INDIA
b) PUNJAAB NATIONAL BANK
c) UNION BANK OF INDIA
d) BANK OF INDIA
e) CANARA BANK
11. Which PSU bank has first introduced the Mobile banking service in the country
a) Bank of India
b) Punjab National bank
c) Corporation bank
d) Union Bank of India
e) Bank of Baroda
12. Our Bank is extending wealth management services through tie-up with
a) IDBI capital markets
b) Wealth Advisors India (P) ltd
c) Edelweiss securities
d) All the above
e) B & C
13. For rendering the Wealth Management service bank is charging the customer
with_____ service charge
a) 0.5% b) 1.0% c) 1.5% d) 2.00% e) No
service charges
14. What is the criterion of our bank for classifying High Net worth Individual under
Tier I category?
a) Having total banking relationship over Rs One Crore
b) Having fund based exposure over Rs One crore
32 | P a g e
c) Having deposits in CASA & / Term for Rs 50 lakhs and over
d) A or B
e) A or B or C
15. What is the criteria of our bank for classifying High Net worth Individual under
Tier II category?
a) Having total banking relationship over Rs 50 lakhs
b) Having fund based exposure over Rs 50 lakhs
c) Having deposits in CASA & / Term for Rs 10 lakhs and over
d) A or B
e) A OR B OR C
16. Union Bank SB Account ATM cardholder can withdraw cash up _____ times in a
month
free of charge from other bank ATMs in the country.
a) 5 b) 10 c) 20 d) No limit
17. Union Gift Cards can be issued instantly by the branches for the amounts ranging
from Rs__________to Rs________
A) 5000 TO 1,00,000
B) 500 TO 50,000
C) 1000 TO 50,000
D) 10,000 TO 1,00,000
E) For any amount
18. The charges for issuing Union Gift Cards are fixed at Rs_____ irrespective of the
value of the card.
A) 100 B) 75 C) 50 D) 1% of the value E) .50% of the value
19. Pay Roll cards can be used for
a) Cash withdrawal through ATM
b) For making purchases
c) Cash withdrawal through ATM and for making purchases
d) None of the above
20. The charges for issuing pay roll cards
a) R s50 initially and Rs 50 per annum
b) Rs100 initially and Rs 50 Per annum
c) Rs.100 initially and no annual charges
d) Rs50 initially and No annual charges
e) No charges at all
21. What is Bancassurance?
(a) Bank is giving assurance to a party
(b) Bank is insuring their customers
(c) Distribution of insurance products by bank
(d) Insuring the interest of depositors.
(e) None of the above
33 | P a g e
22. Which committee recommended for privatization of Insurance industry in
India?
(a) Narisimhan committee
(b) Rangarajan Committee
(c) Kanna committee
(d) Malhotra committee
(e) Goiporia Committee.
23. The minimum amount of Paid up capital for starting Life insurance business--
(a) 25 cr (b) 50 Cr (c) 100 Cr (d) 250 Cr (e) 500 Cr
24. How can a bank can enter Insurance sector
(a) Risk Participation
(b) Strategic Investment
(c) Distribution of insurance policies as Agent
(d) A,b & C
(e) B & c.
25. Banks can invest in an insurance company ‘without participation Basis’ Up To
____
(a) 5% of net worth or 25 crs whichever is less
(b) 10% of net worth or 50 crs whichever is less
(c) Rs 100 crs
(d) a,b & c
(e) 50 Crs
26. When bank allows an insurance company the use of its premises/existing
infrastructure of the bank for its business the arrangement is called.
(a) Agency arrangement
(b) Referral Business
(c) Tie up arrangement
(d) Joint venture
(e) None of the above
27. What is the share of Union Bank of India in SUD Life Insurance
(a) 26% (b) 51% (c) 38% (d) 23% (e) 25%,
28. What is the prerequisite for marketing the life insurance products
(a) Having minimum 3 years experience in selling life insurance products
(b) Must be an agent of LIC of India
(c) Has undergone IRDA training,
(d) Passed IRDA Test.
(e) Passed IRDA Test & license as per IRDA Rules.
29. Who is the specified person in case of Life Insurance business?
(a) Any person canvassing Life insurance products
(b) Person having minimum 3 years experience in Life insurance business
34 | P a g e
(c) An agent of Life insurance corporation of India
(d) Person has undergone IRDA training, passed IRDA test and license
as per IRDA Rules & nominated by corporate as agent.
(e) None.
30. How many accounts of a customer can be linked to an ATM card
a. One A/c b. Two A/cs c. Three A/cs d. Four A/cs
31. What is amount of accidental insurance cover available to the Primary ATM Card
holder?
a. One lac b. Two lac c. Three lac d. Four lac
32. The ATM Card Holder will be covered under Accidental insurance only
a. Immediately after getting card
b. First using at ATM for cash with drawl along with pin
c. After getting intimation from ATM cell
d. After using ATM for purchase at Merchant establishment.
33. Under Union Medi claim policy ___maximum family members can be covered:
a) 2 b) 3 c) 4 d) 5 e) 6
34. With which Insurance company Union Bank of India is having corporate agency
arrangement for non-life insurance:
a. The United India Insurance Co Ltd
b. The New India Assurance Co Ltd
c. The Oriental Insurance Co ltd
d. LIC of India
35. At which center Union Bank of India installed first KISSAN ATM:
a. Sivagangai
b. Malliala
c. Gudgeri
d. Malegaon
36. To make operations easier Kissan ATMs are provided with:
a. Regular monitor
b. Touch screen monitor
c. Regular monitor with bio-metric authentication like finger print verification
and voice enabled.
d. Touch screen monitor with bio-metric authentication like
finger print verification and voice enabled.
37. Under Union Health Care the sum assured in the range of Rs:
a. 25,000 to 2,50,000
b. 50,000 to 5,00,000
c. 1,00,000 to 10,00,000
d. No limit
38. The premium paid under Union Health Care is eligible for Income Tax Act
under section:
a. Section 80C
b. Section 80CC
35 | P a g e
c. Section 80D
d. Not eligible for Tax deduction
39. Union Health care product our Bank is having Tie-up with :
a. Tata AIG insurance
b. HDFC Life insurance
c. New India Insurance Company
d. ICIC I Lombard
40. What is UNION INSTANT CASH:
a. The withdrawal of cash through ATM
b. The withdrawal of cash at any counter of the bank
c. The facility to take cash of Rs.1000 per day through debit
card from Union bank POS terminal.
d. The withdrawal of cash at any Banks ATM by our banks debit card holders.
41. The charges for UNION INSTANT CASH is:
a. Rs. 10.30 per transaction
b. Rs. 10.50 per transaction
c. Rs. 11.30 per transaction
d. Rs. 11.50 per transaction
42. The Bank is having arrangement for POS terminal with
a. FINO b) FTL c) SEBI d) Emkay agencies.
43. What is Union e-Invest
a. Online application for Public offering under ASBA
b. Online application for investment in RBI bonds.
c. Online application for investment in Govt securities.
d. Online application for our bank deposits.
44. What is the validity of Union Gift card?
a. Gift card is valid for three months from the date of issue
b. Gift card is valid for six months from the date of issue
c. Gift card is valid for one year from the date of issue
d. Gift card is valid for two year from the date of issue
45. What is the validity period of Union Pay Roll Card?
a. The card will be initially valid for six months and can be renewed for further
one years
b. The card will be initially valid for one year and can be renewed for
further two years
c. The card will be initially valid for two year and can be renewed for further two
years
d. The card will be initially valid for one year and can be renewed for further one
years
36 | P a g e
46. Gift Card can be used for:
a. Making purchases and cash withdrawal through ATM
b. Making purchases and cash withdrawal through POS terminal
c. Making purchases only.
d. Only cash withdrawal through ATM
47. The NAV of a mutual fund :
a. is always constant
b. keeps going up at a steady rate
c. fluctuates with market price movements
d. cannot go down at all
48. Who among the following are not eligible to invest in MF
a. Indian Companies
b. Banks
c. Non Banking Finance Companies
d. Foreign Citizens
49. The most important link between Mutual Fund and Investors is
a. Government
b. SEBI
c. Fund distributors
d. AMFI
50. Net Asset Value (NAV) of a mutual fund scheme is defined as the schemes
a. assets minus liabilities
b. assets per unit
c. assets minus liabilities per unit
d. none of the above
37 | P a g e
Question Set-6
(General banking)
1. A current account is in the joint names of X, Y and Z. It is operated by X and
Y jointly. A cheque for Rs.501/- issued by X and Y is countermanded by Z. The
instructions of Z should be :
(1) Ignored (2) Compiled with (3) Rectified by X and Y
(4) Dealt with tactfully in good faith and without negligence (5) None
2. One of our customers intends to deposit a sealed box in the safe custody of
the Bank, with instructions to deliver it to a specified person after his death.
(1) The box cannot be accepted
(2) The box can be accepted if the customer executes a power of attorney in
favour of the specified person.
(3) The box can be accepted together with proper nomination
(4) Both (1) & (2) (5) None of these
3. The relationship between Customer and Banker terminates when
(1) Garnishee order is served on the Bank
(2) The Customer withdraws entire Balance in the a/c.
(3) Income Tax authorities attach the a/c. (4) Both (1) & (2) (5) None of
these
4. A Garnishee order is only operative when the relationship between the
Banker and Customer is
(1) Debtor & Creditor (2) Principal & Agent
(3) Trustee & Beneficiary (4) Lessor & Lessee (5) None of these
5. A mandate remains operative even after ______ of the agent
(1) Death (2) Insolvency (3) Lunacy (4) None of these (5) All of
these
38 | P a g e
6. You have received three cheques simultaneously drawn on a Customer a/c.
The balance in the a/c is not adequate for payment of all cheques. Which of
these cheques would you pay.
(1) First come first paid (2) Cheques payable to Govt. Debts.
(3) As per the special directions if any from the Customer
(4) All the above (5) None of the above
7. The Income Tax Officer issues an attachment order under Sec. ____ of
Income Tax Act 1961.
(1) 216 (2) 226 (3) 262 (4) 213
(5) 131
8. Which of the following are attachable under Income Tax attachment order.
(1) Balance available as on the date of attachment
(2) Credits in the a/c subsequent to the attachment
(3) Both (1) & (2) (4) None of the above (5) All of
the above
9. A cheque is signed by Mr. X in the capacity of a Director of ABC Co. It is
counter signed by the Co. Secretary as well. When the cheque is presented for
payment Bank comes to know that Mr. X is expired the previous day.
(1) The cheque will be returned with the reason ‘X’ the Director signing the
cheque deceased.
(2) The cheque will be returned with the reason ‘Refer to drawer’.
(3) The cheque will be paid provided it is countersigned by another authorized
signatory.
(4) The cheque will be paid because ‘X’ had signed the cheque in
a fiduciary capacity and death does not affect its validity. (5) None
of these
10. A power of attorney executed in a foreign country and authenticated
before a Notary public. This is
(1) Valid in India (2) Not Valid in India
(3) Valid in India only after it is authenticated by Notary in India.
(4) Valid in India subject to its ratification by a Court of Competent Jurisdiction
in India.
39 | P a g e
11. Banker’s lien accrues only when the goods/securities have been given to
Bankers as
(1) Bailee (2) Trustee (3) Agent (4) Borrower (5) None
12. When a Customer gives standing instructions the relation between the
Banker and Customer as :
(1) Agent & Principal (2) Trusteeship (3) Debtor &
Creditor
(4) Assignor & Assignee (5) None of these
13. The rule in Clayton’s case is applicable in the following cases
(1) Running accounts
(2) Neither the Bank nor the Customer has assigned any method of
appropriation.
(3) Operations in the a/c are not stopped immediately after receipt of notice
of death or insolvency of a partner or a joint a/c holder
(4) All the above (5) None of the above
14. A mandate is revoked automatically upon ___ of the account holder
(1) Death (2) Insolvency (3) Mental in capacity
(4) All the above (5) None of the above
15. A power of attorney authorising to draw Bills of Exchange on behalf of the
Principal itself empowers the agent to ____ Bills of Exchange.
(1) Endorse (2) Accept (3) Endorse and/or Accept
(4) None of these (5) All of these
16. Stamp duty payable on a power of attorney is as per
(1) State Stamp Act (2) Central Stamp Act (3) (1) or (2) whichever is
higher
(4) Nil (5) None of these
17. The right of set off can be exercised only when the relation between the
Banker and Customer is :
(1) Debtor and Creditor (2) Agent and Principal (3) Bailee &
Bailor
(4) Assignee & Assignor (5) Lessor & Lessee
40 | P a g e
18. Which of the following statement is incorrect in respect of the right of set
off.
(1) The debt is a specific amount and due immediately
(2) The debt is due by and to the same parties (3) No contrary agreement
exists.
(4) A notice to the party is not necessary as it weakens the right
(5) None of these
19. The right of set off can be availed for
(1) Time barred debts (2) Deposits kept for specific purpose
(3) Deposits which are not matured (4) None of the above (5) All of
these
20. Which of the following statement/s about ‘Garnishee order’ is incorrect.
(1) G.O. to issued by a Civil Court at the request of a Judgement creditor
freezing Judgement debtors a/c with a Bank.
(2) G.O. applies not only to the balance outstanding in the
judgement debtors a/c but also to the subsequent credits to the
a/c.
(3) A Banker can exercise the ‘right of set-off’, pay the cheques marked by him
as ‘good for payment’ in spite of the garnishee order.
(4) Garnishee ‘nisi’ and ‘absolute’ are the directions from a Court to the
Garnishee to freeze the a/c of the Judgement debtor and to pay the debt
amount or freezed amount (whichever is less) to the Judgement creditor,
respectively
(5) None of these
21. The duty of the secrecy of the bankers about its customer’s account comes
to an end
(1) After the account is closed (2) Continues for ever
(3) After the death of the customer (4) After the a/c is transferred to other
branch (5) None of these
22. Banker’s obligation to share information about his customers with fellow
bankers is contained in
(1) BR Act 1949 (2) RBI Act 1934
(3) an established practice among bankers (4) Indian Contract Act
1872 (5) None
41 | P a g e
23. When a party dies intestate, the document to be verified to settle the
property matters is :
(1) probate (2) will (3) succession certificate (4) power of attorney (5)
None
24. If a term deposit matures on a Bank holiday the interest on the deposit is
payable
(1) Until the next working day if presented on next working day
(2) Until the next working provided the deposit is renewed
(3) No interest payable after the due date
(4) Interest is paid till the next working day even if it is presented on any other
subsequent date. (5) None
25. A deposit is opened whose maturity value is more than Rs.20,000.
Meanwhile the depositor had taken loan of 90% on the deposit. On the maturity
the balance proceeds.
(1) can be paid through an a/c payee cheque / DD or to be
credited to the account of customer
(2) can be paid in cash if the balance is less than Rs.20,000/-
(3) can be paid in cash with permission from IT authorities or to be reported to
IT authorities
(4) It must be paid in cash because the amount paid is certainly less than
Rs.20,000/-
(5) None of these
26. Banker’s book of evidence act provides that
(1) Certified copies of the entries in the banker’s books are to be
treated as sufficient evidence in the court.
(2) Bank’s ledger shall be produced in court in all cases
(3) Banker’s books cannot be disputed in any court
(4) Pass book entries are treated as final (5) None
27. Mr. X a current a/c customer of your branch had executed an irrevocable
power of attorney in favour of Mr. Y empowering him to operate his bank a/c
for a period of 3 years. One year later it is reported that Mr. X has been
admitted to mental hospital and is incapable of managing his affairs, under
these circumstances.
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(1) Mr. Y will continue to operate the a/c of Mr. X because of attorney is
irrevocable for 3 years.
(2) A fresh power of attorney should be obtained after the recovery of Mr. X
and in the meantime Mr. Y will be allowed to operate.
(3) The power of attorney stands revoked on account of mental
incapacity of Mr. X & therefore Mr. Y cannot be allowed to
operate the a/c any more.
(4) Mr. Y can operate with court permission (5) None
28. Mr. X is maintaining ‘Aor S’ account along with Mr. ‘Y’ and Mr. ‘Z’ in your
branch, and the balance in the A/c stands at Rs.9000/-. The bank receives an
attachment order for Rs.5000/- on Mr. X. In this case:
(1) We can attach Rs.5000/- (2) We can attach Rs.3000/- (3) We can
attach Rs.166.67 Ps
(4) All the operations in the a/c is to be stopped and seek instructions from
court.
(5) None
29. A garnishee order served on the bank attaches
(1) The entire credit balance in the account of the customer named
(2) The credit balance in the account of the customer named, to
the extent specified in the order
(3) Can attach even articles in locker etc.
(4) (1) and even the undrawn portion of a credit facility (5) None
30. The term ‘Banking’ is defined in
(1) Section 20 of RBI act (2) Section 56 of Banking Regulation Act
(3) Section 5(b) of Banking Regulation Act (4) Not defined any where
(5) None
31. X has granted a power of attorney in his son’s favour who is aged 15 years
to operate his current account. The minor issues a cheque; the passing of
which will result in TOD.
(1) Power of attorney favouring a minor is invalid
(2) TOD can be allowed if party is credit worthy. Since minor can act as an
agent and can bind the principal
(3) A power to operate a/c does not imply a power to borrow
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(4) ‘X’ is liable because he should cater the needs of major for the needs of
minor (5) None
32. Issuing token to the presenter of a cheque
(1) guarantees availability of funds (2) acknowledges receipt of the
instrument
(3) confirms the correctness of the instrument
(4) gives a right to the presenter to claim payment (5) None of these
33. A close relative of a minor approaches your branch to open an SB a/c in the
name of a minor to be operated by him as guardian.
(1) We cannot open such a/c as he is not the natural guardian
(2) We can open the a/c as requested
(3) We can open the a/c but only credits are allowed
(4) We can open the a/c after obtaining consent from the minor (5) None of
these
34. A garnishee order cannot be made applicable except in one of the following
cases
(1) money held by judgement debtor abroad
(2) securities held in safe custody deposit
(3) in the name of the former in joint account with F or S style
(4) on the amounts remitted in the a/c subsequent to the date of Garnishee
order
(5) None of these
35. In a SB A/c, two cheques have presented in clearing for an amount of
RS.2400 and 900 which of the following is correct in this respect if the balance
is Rs.3000 only.
(1) Pass the higher amount cheque (2) Pass the lower amount
cheques
(3) Return both the cheques (4) Pass both the cheques by allowing TOD
(5) None of these
36. In which of the following situations can a banker safely disclose the position
of his customer’s account?
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(1) Husband wants to know the position of his Wife’s account. The wife is not
serving anywhere and the source of money in the account is part of husband’s
salary.
(2) A father wants to know the balance of his minor son’s savings
bank account operated by former. The source of money in the
account is the pocket money the minor gets from his father.
(3) As employer wants to know verbally from you the balance in the account of
an employee about whom he shows you proof of misappropriation in the
company.
(4) Chit fund company wants to know the details of Term deposits of your
customer who has availed loan from chit Fund Company. (5) None of these
37. An amount is credited to the current account of a company by mistake.
Before the mistake is located, the company went into liquidation. Now the
relationship between the company and the bank is that of :
(1) Debtor-Creditor (2) Creditor-Debtor (3) Agent-Principal
(4) Trustee-Beneficiary (5) None of these
38. X had a deposit of RS.10000/- with A bank. The deposit matured last
month. Now the relationship between the depositor and the bank is that of :
(1) Creditor-Debtor (2) Debtor-Creditor (3) Agent-Principal
(4) Beneficiary-Trustee (5) None of these
39. Nationalised banks are required upon to maintain secrecy about customer’s
account. This is as per the provisions of :
(1) Banking Regulation Act (2) Banking Companies (Acquisition &
Transfer of Understandings) Act. (3) IBA Code of conduct for banks
(4) All of the above (5) None of the above
40. As per Sec.131 of IT Act, 1961. the assessing officer has a right to ask a
bank to :
(1) Produce Xerox copies of voucher/books (2) Attach a customer’s account
(3) Produce original vouchers/books
(4) Produce statement of accounts for last 3 years (5) All the above
41. A police sub inspector comes to a branch and requests to see the account
of an under trial whose enquiry he is conducting. The branch will :
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(1) not allow him to see the account
(2) request him to produce a Competent Court Order
(3) allow him if he is directed in writing by his SP or DSP
(4) allow him if the request letter is signed by the Station House Officer (In
Charge of the Police Station) (5) All of the above
42. Garnishee order is received in the account of Daivadenam. Which of the
following amounts will be attached by the Bank as per the order?
(1) Proceeds of Cheque discounted and credited to the account
(2) Amount of cheques deposited for clearing (not realised)
(3) Proceeds of cheques sent on collection which is realised but
not yet placed to the credit of the account. (4) All the above
(5) None of the above
43. B gives a cheque for collection to his banker. Bank collects the cheque, but
before credit of the amount to B’s account, the bank fails. Relationship
between B and the Bank is :
(1) Creditor-Debitor (2) Principal-Agent (3) Beneficiary & Trustee
(4) Bailer-Bailee (5) None of the above
44. Duty of secrecy of a banker in respect of his customer account is a
mandatory [legal] duty; in terms of :
(1) 5 [b] of BR Act (2) 6 [b] B R Act
(3) 13 of Banking Co [acquisition & Transfer of undertaking] Act
1970.
(4) Sec 34 of RBI Act (5) All of the above
45. While furnishing the credit report to another bank in IBA format, it must
be ensured that the report is signed by :
(1) Branch Manager (2) Branch Manager + Adv. Officer (3) Any two
officers
(4) None of these (5) All of these
46. While giving credit report to another bank on a customer worth Rs.40 lacs,
you will classify him under the following category.
(1) Large means (2) Fair means (3) Good means (4) Small means (5) None
of these
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47. A garnishee order in joint names of A & B will attach deposits in the name
of :
(1) A alone (2) A & B jointly (3) B alone (4) (1) + (2) + (3) (5) None
of these
48. Where a Garnishee Order and Income Tax attachment order are received by
the bank simultaneously, the bank must first comply with the
(1) Garnishee order (2) Income Tax attachment order
(3) None & should return both(4) Any one depending upon its discretion (5)
None
49. In I.T. attachment order issued to attach a sum of Rs.100,000 in the name
of ABC Brothers, a partnership firm. The current account in the name of
partnership firm shows a balance of Rs.50,000 but the individual account of
partners A, B and C show credit balance of Rs.10,000, Rs.20,000 and Rs.20,000
respectively. You will attach:
(1) Entire balance in firm’s account but no individual account should be
attached
(2) Rs.35,000 from firm’s account and Rs.8,000 from other accounts each.
(3) Rs.50,000 from firm’s account, Rs.10,000 and Rs.20,000
each from A , B & c
(4) None of these (5) All of these
50. A garnishee order is received in the name of a person who has deposits
which are kept under lien to bank for issue of letters of guarantee. What will
bank do?
(1) Ignore the order (2) Pay if guarantee are not invoked (3) No action required
(4) Write to Court that they are not payable as they are under
lien to bank
(5) None of these
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QUESTION SET-7
(GENERAL BANKING)
1. A banker can exercise lien over goods and securities if they are held by him
in the capacity of
(1) trustee (2) bailee (3) agent (4) creditor (5) any one of the
above
2. Mr. A has borrowed Rs.45,000 from the bank against the guarantee of Mr. B,
which has now become sticky. Mr. B’s current account has got a balance of
Rs.100,000/-. The Branch Manager wants to exercise the right of set off on
these two accounts.
(1) The Bank cannot exercise right of set-off in this case
(2) Right of set-off is available as the liability of the guarantor is co-extensive
with that of the borrower.
(3) Right of set-off can be exercised after the demand is made on
the guarantor to pay
(4) Right of set-off is not available be against current account balance
(5) None of these
3. Mr. X’s current account shows an overdraft for Rs.15,000 which has become
a doubtful asset. He sends a cheque drawn in his favour to be deposited in this
account with a covering letter that the proceeds of this cheque is to be utilised
for honouring a cheque of same amount issued by him to a third party. You will
--
(1) Ignore this letter and set-off the credit towards the overdraft
as the debt is due in the same right. (2) Abide by the account holder as he
has right to direct so.
(3) The first credit offsets the old debt and the new cheque should be
dishonoured.
(4) None of these (5) All of these
4. The famous case, which formed the basis of Clayton’s Rule, is
(1) Clayton Vs. Provincial Bank of England (2) Lloyds Bank Vs.
Clayton
(3) Devayanas Vs. Clayton (4) David Vs. Provincial Bank of England.
(5) None of the above
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6. Mr. X who has a SB account with you wants to give a mandate in favour of his
son aged 15 years to operate his account. In this case you should :
(1) not accept it as his son is a minor (2) accept as a minor can be
appointed as agent
(3) obtain permission from Controlling Officer before accepting the mandate.
(4) The mandate can be accepted but the minor cannot draw cheques as agent
(5) None of the above
7. A power of attorney given for operation of a bank account must be:
(1) Stamped (2) Registered (3) both 1 & 2
(4) Stamped but registration optional (5) None of the above
8. In a joint account in the name of X & Y, one Mr. Z is appointed by X to
operate the account on his behalf. Mr. X dies on 15.11.2010 and cheque dated
30.9.2010 signed by Z & Y is presented for payment on 25.11.2010. This cheque
(1) should be paid (2) should be returned
(3) can be paid provided that Y has signed expressly as the agent of X.
(4) can be paid after verification of the will of X. (5) None of the
above
9. Mr. A grants a power of attorney in favour of Mr. B to operate his account
and drawn cheques on his behalf. Cheque issued by Mr.B presented for
payment on 01.04.2011 immediately you receive a Stop Payment instruction
from Mr.A
(1)Stop Payment instructions should come only from the drawer of cheque,
hence request is not accepted.
(2) Stop Payment instructions are received from drawer of cheque, hence
request is accepted
(3) Even though the cheque is drawn by Mr.B as agent, Principal
has right to stop payment, hence accepted.
(4) None of the above statement is right
(5) All the above statements are right.
10. The following Act provides that a minor becomes major on completion of
age of 18 years
(1) Sec. 6 of Hindu Minority & Guardianship Act 1956.
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(2) Sec. 3 of Guardian & Wards Act 1890 (3) Sec. 9 of Hindu Succession
Act 1956.
(4) Sec. 3 of Indian Majority Act 1875 (5) None of the above
11. “X” a close relative of a minor wants to open a fixed deposit in the name of
the minor “Y” without informing the minor’s father.
What type of account to be suggested to open :
(1) X & Y joint accounts (2) Y & X joint account[ F for S]
(3) Suggest X to open the account in his name but nominate
Mr.Y
(4) X a/c, Y minor (5) X & Y, {F or S}
12. If a banker want to take protection u/s 131 of the Negotiable Instruments
Act, 1881, the word ‘customer’ means:
(1) Any person who steps in to the bank for any lawful banking business
(2) A person who approaches the bank for credit limits for productive activity
(3) A person who has an account, properly introduced with the
bank
(4) All the above.
(5) none of the above
13. A customer deposits Rs.3000 with the bank for remittance by way of
telegraphic transfer for credit of Z’s account at other station. The relationship
is that of a:
(1) Principal and agent (2) beneficiary and trustee (3) debtor
and creditor
(4) Bank and a customer (5) none of the above
14. Through an over sight, the bank credits a sum of Rs.2 lac to the current
account of M/s Ram Lal Brothers; a partnership firm. By the time identifies the
mistake, firm used the money for their business purpose. Can Bank recover the
money? If so what is contractual relationship.
(1) Bailer-bailee (2) Creditor-debtors (3) Debtor-creditor
(4) Beneficiary-trustee (5) None of the above
15. M/s Shalimar Paints Ltd have asked your branch to provide a credit report
on M/s Dharuva Paints, to whom M/s Shalimar Paints Ltd want to give a
dealership. What would you do :
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(1) Will not provide the credit report (2) Will provide the credit report
(3) Credit report would be provided only if there is written
consent to do so from Dharuva Paints (4) any of the above
(5) None of the above
16. In a garnishee order, who is called garnishee:
(1) Judgement debtor (2) Bank on whom order is issued
(3) The person who brings notice (4) Judgement creditor (5) None of the
above
17. Banker’s general lien is defined under :
(1) Section 56 Banking Regulation Ac (2) Section 69 Negotiable Instruments Act
(3) Section 171 Indian Contract Act (4) None of the above (5)
All of the above
18. The period of limitation for exercising banker’s lien is :
(1) 2 years (2) 3 years (3) 1 year (4) No limit (5) None of the
above
19. Exceptions for a lien are :
(1) Articles kept in safe custody
(2) Securities handed over to a banker for any specific purpose
(3) Both above (4) None of the above (5) All of the above
20. Banker’s lien is considered to be equivalent to pledge because :
(1) Bank has in its possession the property (2) Bank has no right to sell the
property
(3) Bank has a right to sell the property (4) All the above (5) None
of the above
21. Before exercising its right of set-off a banker is to see that :
(1) The amount of loan must be certain and due for payment.
(2) Both the accounts must be in the same capacity
(3) There should not be a contract to the contrary
(4) All the above (5) None of the above
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22. Right of Set off is considered to be a ‘Statutory Right’. Which of the
following Acts, defines it :
(1) BR Act Section 32 (2) RBI Act Section 35 (3) Indian Contract Act
Section 24
(4) None of the above (5) All of the above
23. Clayton’s rule is applicable to :
(1) Payment of cheques (2) Right of set-off (3) Right of
appropriation
(4) All the above (5) None of the above
24. Clayton’s rule applies to following type of loan accounts :
(1) Demand loans (2) Term loans (3) Cash Credit account
(4) None of the above (5) All of the above
25. Right of appropriation is given under:
(1) Indian Contract Act (2) Sale of goods Act
(3) Transfer of Property Act (4) NI Act (5) None of the
above
BANKING OMBUDSMAN
26) What are Essential Requirements for complaint?
a) Bank has rejected a complaint
b) Complainant has not received any reply within 30 days after the bank has
received his representation
c) He is not satisfied with the reply given.
d)All the three
27) Maximum limitation period for lodging a complaint:
a) Before 1 year has not lapsed b) Before 2 years
c) Before 3 years d)None of the above
28) If the subject matter is pending with any other court can a customer
lodge complaint with Ombudsman?
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a) Yes b) No c)With the permission of court
d)None
29) The Bank should comply and intimate the compliance of Award to
Ombudsman:
a)Within one month b)Within 2 months c) Within 3 months
d)None
30)Can a complaint be filed by an authorized representative of the
complainant?
a) No b) They can appoint advocate as
representative
c) Yes (Other than an advocate of the complainant) d) none of the
above
31)Is there any further recourse available to the complainant, if he rejects
the Banking Ombudsman’s Award?
a) He is bound to abide by it b) He can go to Supreme Court
c) He can approach the appellate authority against the Banking
Ombudsmen’s decision.
d)a & b
CONSUMER PROTECTION ACT (COPRA)
32)As per amendment to Consumer Protection Act implemented during the
year 2003. The pecuniary jurisdiction of the State Commission has been
enhanced from ________ to_______
a) Rs 1 lac, 5 lacs b)Rs 5 lac , 10 lac c) Rs 20 lacs, Rs 50 lacs d)Rs 20
lac, Rs 100 lacs
33 ) What is the limitation period under Consumer Protection Act(COPRA) ?
a) 2 years from the date of cause of action (b) 3 years from the date
of cause of action
c) 4 years from the date of cause of action (d) 5 years from the date of
cause of action
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34. Pecuniary ( financial) jurisdiction of different authorities under COPRA
in
District Forum
(a) Up to Rs.20.00 lacs, B) 25 LACS C) 35 LACS D) 40 LACS
35. State Commission Up to (a) Rs.100.00 lacs b) 150 lacs
c)125 lacs d)120 lacs
36) National Commission a) Above Rs.100.00 lacs b) 125 lacs
c)150 lacs e) 200 lacs
37) Can few consumers file a representative complaint on behalf of general
consumers at large?
a) Yes, with the permission of District Forum b)No c)
None
NOMINATION & DEATH CLAIM
38 The _____________________ act was amended in the year 1984
and sections 45 ZA to section 45 ZF were added for providing
nomination facility in Banks.
a) RBI act
b) Banking Companies acquisition and transfer of undertaking
act
c) Banking Regulation act
d) Hindu succession act
39. Nomination facility is available in the following accounts:
a) Cash credit, Term loans
b) Secured overdraft accounts
c) Deposits, safe custody and Safe deposit locker
d) All the above.
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40. Nomination in deposit accounts cannot be made in favour of:
a) Trust, Lunatics, HUF
b) Minors, Joint individuals, Illiterate persons
c) Company, Partnership, SHG
d) All the above
41. In case of a deposit jointly held in the names of A, B and C under a
mandate of anyone or survivor the nominee being ‘X’
a) Upon death of ‘A’ the deposit may be paid to ‘X’
b) Nomination can be cancelled or altered by any of the
depositors
c) Payment can be made to ‘X’ only upon death of
all the depositors
d) Payment to be made to ‘X’ along with surviving depositors
42 Upon the death of the depositor the nominee is permitted to:
a) Renew and operate the account
b) Avail loan against the deposit
c) Substitute his name in place of the depositor
d) Obtain payment of the deposit
43. In case minor is appointed as a nominee, upon the death of the
depositor during the minority of the nominee you should:
a) Deny payment until he attains majority
b) Make payment to the legal heirs of depositor
c) Make payment to the third major person
appointed to receive payment on minors behalf
during minority of the nominee
d) Make payment only upon receiving court order
44 Mr. ‘X’ the sole depositor and Mr. ‘Y’ his nominee have died in a
car accident, the deposit is now payable to:
a) Legal heirs of X and Y
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b) Legal heir of Y
c) Legal heir of X
d) None, payment only on production of court order
45. An officer is confronted with a problem – A locker has been hired
in joint names of A, B and C . Now A and B have requested the
bank to nominate D and E as nominees:
a) This would be permissible if the mandate for operation is
for anyone or survivor
b) This is not permissible if the mandate is for joint operation
c) All the hirers must join to nominate, the
nominees may be more than one and maximum
up to the number of hirers
d) The officer can use his discretion and accept the
nomination
46. Upon death of a hirer of a joint safe deposit locker where
nomination facility has been availed the contents of the locker are
to be delivered to:
a) The legal heirs of the deceased along with the surviving
hirers
b) Nominees along with the surviving hirers
c) The nominee of the deceased and the surviving hirers would
continue to operate the locker and the locker contents
need not be delivered
d) It would always be prudent to act as per courts orders
47 Probated will means:
a. Copy of the will certified by a court
b. Copy of the will certified by the Sub-Registrar
c. It is a declaration given by the legal heirs
d. It is a duly registered will
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48. Branch Manager can sanction the death claim without legal heirship
certificate/ Indemnity or affidavit upto
a. Rs.1000
b. Rs.5000
c. Rs.10000
d. Rs.25000
e.
49 Where claim is settled on production of legal representation,
following documents need not be obtained, irrespective of the
amount:
a. Indemnity
b. Legal heirship certificate
c. Death Certificate
d. All the above.
50.Whethere In Case Of NRO ,NRE ,FCNR, RFC accounts Nomination Facility is
Available
a) yes
b) No
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QUESTION SET-8
GENERAL CREDIT:
1. Minimum number of shareholders required to form Public ltd Company?
(a) 7 (b) 50 (c) 20 (d) 10 (e) None.
2. A Insured his property worth Rs.200,000/- against Fire for Rs.160,000/-.
His actual loss in Fire is Rs.100,000/-. How much amount will be paid by
the Insurance company to Mr. A as per the average clause in the policy?
(a) Rs.24,000 (b) Rs.30,000/- (c) Rs.40,000/- (d)
Rs.80,000/- (e) None
3. Paripasu charg is………
(d) Charge in favour of several creditors with equal priority
(b). fixed charg on prorata (c) floating charg of a company (d)
charge in priority sector advance
4. Stamp duty payable on a DP Note executed for Rs.350/-
(a) Rs. 0.10 (b) Rs. 0.25 (c) Rs .0.40 (d) Rs. 0.15
(e) None.
5. Probate is issued by the court in case of …..
(a) If a person dies intestate. (b) If a person dies by leaving will
(c) To execute the will of deceased (d) Both b & C (e) None.
6. Limitation period can be extended in case of
(a) Suits (b) Appeal (c)_ Application (d) All the three (d)
None
7. Out of the following which is considered to be a fund based facility?
(a) Performance Guarantee (b) Bill of lading (c) Letter of Credit
(d) Working capital term loan (e) All the above.
8. The committee related to Financial inclusion was headed by…
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(a) Chakravorthy (b) Rangarajan (c) Y V Reddy (d) Narayan
Swamay (e) None.
9. Under DRI Scheme maximum loan will be allowed..
(a) Rs.5000 (b) Rs. 7500 (c) Rs.10000 (d) Rs.15000 (e)
None.
10. Banking services delivered to a customer by means of a computer control
system that does not directly involve banks branch is called:
(a) Universal banking (b) Virtual Banking (c) Narrow Banking (d)
Brick & Mortal banking (e) None.
11. Repo transaction refers to..
(a) Absorption of liquidity by RBI (b) Sale of security which is Held to
Maturity. (c) Injection liquidity by RBI (d) Sale of security
which is available for sale. ( e) None.
12. A Charge created by way of __________does not required registration
with ROC in case the borrower is a Comapany.
(a) Equitable Mortgage (b) Pledge (c) Simple Mortgage (d) both
(a) & (c) (e) None.
13. Net interest income is:
(a) Interest earned on advances (b) Interest earned on Investments.
( c ) Total interest earned on advances & Investments
(d) Difference between interest earned and interest paid
(e) None.
14. The word “ Hypothecation” defined in which act?
(a) Indian Contract Act, 1872 (b) Sale of Goods act, (c) Sarfaesi act,
(d) Company Law (e) None.
15. Micro Credit means credit not exceeding Rs.________________per
borrower.
(a) Rs. 2 lac (b) Rs.20000 (c) Rs.25000 (d) Rs.40,000 (d)
Rs.50,000
16. A Balance sheet is statement of the position of an enterprise:
a) over a period of years
b) over a period of months
c) at a particular date
d) between two dates
17. A balance sheet gives two main groups of figures, the :
59 | P a g e
a) owners’ equity and shareholders’ funds
b) Assets and liabilities
c) profits and total finance employed
d) big and small
18. The operating cycle of most manufacturing companies is usually
……….than one year
a) more b) less
c) equal to or less d) equal to or more
19. Audited Financial Statements is compulsory in respect of :
a) Joint Stock Companies ( Private Limited Companies and Public
Limited Compancies)
b) The Traders who have per annum gross turnover of Rs.40.00 lacs and
above
c) The professionals and service providers who have per annum gross
revenue receipts of Rs.10.00 lacs and above
d) All the above.
20. Tangible Net Worth computed as
a) Total Tangible Assets minus outside liabilities
b) Capital, Free Reserves less intangible assets
c) Net worth less intangible assets
d) All of the above.
21. Liquidity refers to the units capacity
a) to pay its debts out of its high bank balances
b) to pay its current liabilities out of current assets
c) to pay bank loan in time
d) None of the above.
22. The liquidity of an enterprise is measured by calculating its
a) Net working capital
b) Current Ratio
c) Quick Ratio
d) All the above
23. Debt Equity Ratio is calculated by
a) Long term Debt/Net worth
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b) Outside liabilities/Tangible net worth
c) Total debt/Equity
d) None of the above.
24. A high inventory Turnover ratio indicates
a) better inventory management
b) high borrowing
c) overtrading
d) a and c
25. The most important source of fund for a business is
a) cash b) goodwill c) profit d) all of these
26. Fund flow statement is required to study
a) Profitability
b) Use of Bank Cash Credit Amount
c) Where got how spent
d) All of the above.
27. Which one of the following is not the component of the project cost?
a) Raw Material Cost b) Margin on working capital
c) Preliminary expenses d) All of the above.
NPA MANAGEMENT:
28 Monitoring of advance is required
a) to maintain health of the advances
b) to ensure recovery
c) to increase profit of the bank
d) all the above
29 Which one of the following is not a monitoring tool:
a) Stock/book debt statement
b) Factory visit report
c) Acknowledgement of debt
d) Concurrent audit reports
30 If DBC is not obtained more than one year in an account , account shall be
classified under:
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a) EAS II b) EAS I c) NPA d) SMA
31 If renewal of an account is pending for 46 days, account shall be directly
classified in:
a) EAS II b) NPA c) SMA d) EAS I
32 For defaults in non-fund based limits:
a) Account shall be directly classified as SMA
b) Account shall be directly classified as NPA after 90 days
c) Account shall be first classified under EAS-II and then NPA
d) None of the above
33 As per the monitoring policy, cut off limit for monitoring accounts at branch
level is:
a) 25 lacs b) 50 lacs c) 5 lacs d) 10 lacs
34 As per prudential norms, a term loan turns NPA if it is overdue for
a) 180 days b) 60 days c) 120 days d) 90 days
35 If a CC account is out of order for 90 days, it shall be classified as:
a) SMA b) NPA c) Doubtful d) EAS II
36 ‘Out of order’ means
a) O/s balance remains continuously in excess of sanctioned limit/DP
b) There are no credits continuously for 90 days
c) Credits are not enough to take care of interest debited during same
period
d) All the above
37 An account remains in Sub-standard category till
a) 12 months b) 18 months c) 9 months d) 15 months
38 As per provisioning norms, for accounts in doubtful category beyond 3 years
provision to be made is
a) 100% on unsecured portion & 50% on unsecured portion
b) 100% on entire outstanding
c) 50% on the entire outstanding
d) 50% on secured portion & 50% on unsecured portion
39 While considering a OTS proposal, which one of the following aspect is
generally not considered:
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a) Means of the party
b) NPV of the securities available
c) Age of the NPA
d) None of the above
40 Agril. accounts turn NPA if installment/interest is overdue for:
a) 90 days
b) One cropping season
c) 2 cropping season for short term crops and one cropping
season for long term crops
d) 180 days irrespective of cropping season
41 As regards to SARFAESIA, which is not true?
a)Action can be initiated without court’s intervention
b)Action can be initiated even before account turning NPA
c)Bank to wait for 60 days after issuing demand notice for taking further
action
d)DRT can stay the action of the Bank under SARFAESIA
42 In case of willful default/criminal case filed accounts, OTS to be approved by
____ irrespective of the amount
a) management committee (MCM)
b) Next higher authority(as per delegated powers)
c) General Manager (CRLD)
d) OTS cannot be considered in such cases
43 Recoveries in NPA account to be appropriated first towards:
a) As per borrower’s request
b) Towards the principal
c) Towards the interest
d) Towards the charges
44 As regards to Lok Adalat, which of the following statement is not true?
a) It is a legal body and decision is binding on both the parties
b) It is presided by an LOK SABHA MEMBER
c) No appeal lies against the verdict of Lok Adalat
d) Cases pending in regular courts can also be taken up in Lok Adalat
45 DRT suit can be filed if suit amount is more than:
a) Rs.10 lacs b) Rs.25 lacs c) 20 lacs d) 50 lacs
46 SARFAESIA action cannot be taken in:
a) MSME accounts
b) Agriculture. Accounts
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c) If the securities charged by way of lien or pledge
d) Govt sponsored schemes
47. Accountability exercise is applicable to:
a) Accounts with o/s above Rs.1.00 lac only
b) Accounts other than Govt sponsored schemes
c) Accounts with o/s above Rs.10 thousand only
d) All advances accounts irrespective of the amount
48.Bank has to make provision for country risk when its funded exposure is..
a)1.5% b)1% c)2.5% d) none of above
49. In agriculture advance when an account is treated as NPA in case of long
duration crop ?
a) Two crop season
b) One crop season
c) 18 months
d) 90 days
50. NPA of our bank as of 31.03.2012
a) 3622 crore b) 5450 crore c) 5000 cr. d) 5200 cr
Question Set-09
NEGOTIABLE INSTRUMENTS:
01. Negotiable Instruments Act extends to
a. Whole of India b. Whole of India except in J & K
c. States/UTs of India decided to implement d. None
02. Identify the Promissory Note from the following:
a. I promise to pay B or Order Rs.500
b. I acknowledge myself to be indebted to B in Rs.1000/- to be paid
on demand for value received
c. I promise to pay B Rs.500/-, and all other sum which shall be due
to him
d. a & b
03. Which among the following are the requirements of a Promissory Note?
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a. It must contain an unconditional promise to pay a certain sum of
money
b. It must contain an conditional order to pay a certain sum of
money
c. It must be payable to the order of specified person or bearer
d. a & c
04. “I Mrs.A, daughter of Mr.X executed and promise that a sum of
Rs.15000/- has been obtained by me from Mr.B in cash and I agree to
pay thereof that in future on demand the principal will paid in one lump
sum and this pronote will be taken by me”
a. The above statement is a promissory note
b. The above statement can never be considered as promissory note
c. The statement can become a Promissory Note only after
alterations
d. None of the above.
05. An usance promissory note has to be presented for acceptance by the
maker
a. It is true b. It is false c.Promissory Note is always on
demand d.none
06. Demand promissory note attract stamp duty only on the amount where
as usance promissory note attract stamp duty based on the amount and
the period [tenor]
a. True b.False c. Partially true d. All
of these.
07. Stamp duty on Promissory Note is:
a. Same throughout India b. Varies from state to state c.both
are correct d.none
08. Promissory Note payable to bearer :
a. Can be drawn by anybody b.Can not be drawn
by everybody
c. It all depends upon advocates d. None of these.
09. Bill of Exchange is defined in Section …….of Negotiable Instruments Act
a. 4 b. 5 c.6 d.None
10. Bank Notes and Currency Notes are
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a. Promissory Notes b. Not Promissory Notes c. Semi
Promissory Notes
d. None
11. Bills of Exchange should always contain:
a. A conditional order to pay a certain sum of money
b. Unconditional order to pay a certain sum of money
c. Both ………a & b d. None of these
12. A Bills of Exchange in vernacular language is called as
a. Hundi b.It cannot be drawn like this c. Vachan
patra d.none
13. Acceptance is necessary in case of :
a. Demand Bill b.Usance Bill c.Both a or b d
None of these
14. At sight Bills of Exchange are also called as
a. Demand Bills b.Usance Bill c.Both a or b d
None of these
15. The word after sight in Bills of Exchange means
a. After acceptance b.after payment c.either a or b
d.None
16. The liability of drawee in an usance bill of exchange starts
a. When the bill is drawn b.when the bill is accepted by
him
c….Liability is always of drawer d.None of these
17. An usance bill must be presented to the drawee:
a. At his place of business during his business hours for his
acceptance
b. At his place of business even after his business hours for his
acceptance
c. At any place even after his business hours of the bank
d. At the bank’s premises during business hours of the bank
18. The bill must be presented to the drawee for acceptance / payment
within:
a. 24 hours of receipt of the bill b. 48 hours of receipt of the bill
c. Any time after receipt of the bill d. None of these
19. What is the time allowed to the drawee for accepting the bill?
a. 24 hours exclusive of public holidays
b. 48 hours exclusive of public holidays
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c. either a or b d.none of these
20. When rate of interest is not specified in Instrument, interest on the
amount due is payable at:
a. 18% p.a. b.6% p.a. c.At the discretion of drawee d. None of these
21. An usance bill was drawn by Mr.X on Mr Y payable two months after
sight. The bill is sent to Mr.Y for his acceptance. But before Y could
accept the bill, X dies. In this case:
a.Y can accept the bill only if he has no knowledge of death of X
b.Y can accept the bill even with the knowledge of death of
X
c. Y can accept the bill only if the legal heirs of X allows him to do so.
d. None of these
22. Who is drawee in case of need?
a. He is the person whose name is mentioned on the bill at the request
of the drawee
b. He is the person who will accept the bill in case the bill is not
accepted by the drawee
c. He is the person whose name is mentioned by the drawer at his own
will.
d. Both a and b.
23. The acceptor for honour is the person who will be accepting the bill:
a.After the bill is noted and protested for non acceptance at the request
of the drawee
b. After the bill is noted and protested for non acceptance
at the request of the drawer
c. Either a or b d. None of these
24. An usance bill can be drawn for a maximum period of :
a. 6 months b.3 months c.No time limit d. None of these
25. When an usance bill falls due for payment on a declared holiday:
a.It is payable on the succeeding working day
b.It is payable on the preceding working day
c.It can be paid on any working day of the bank at the discretion
of the drawee
d.None of these
26. A cheque is defined in Section ………of Negotiable Instruments Act.
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a. 4 b. 5 c.6 d. None of these
27. The standard format of cheque is mentioned in :
a.N.I.Act. b.RBI Act c.BR Act, d.No where
28. The electronic cheque is defined in
a. I T Act b.N.I.Act. b.RBI Act c.BR Act
29. In the case of an order cheque one can claim to be a holder if he is :
a. in actual possession of cheque b.payee or endorsee
c. a and b d.none of these
30. The truncation of cheque is :
a. electronic image of a cheque b.Physical format of
cheque
c. either a or b d. None of these
31. The cheque is drawn payable to X or Y order. It is presented for payment
by X. Will you pay the cheque?
a. cheque cannot be paid as it cannot be drawn in the name of
two persons
b. the cheque can ba paid as it can be drawn in the
name of two or more persons
c. the cheque can be paid only with the confirmation of the
drawer
d. none of these
32. Even though the cheque is a bill of exchange, it is exempted from stamp
duty because:
a. it is payable on demand and hence exempted from
stamp duty
b. RBI has given permission for banks to exempt the cheque from
stamp duty
c. NI Act has exempted cheque from stamp duty d. None of
these
33. Crossing applies to:
a. cheques b.Bills of exchange c.Promissoy Notes
d.None
34. A cheque should be presented for payment
a. any time during the banking hours
b. any time during the business hours
c. any time even after business hours but during the banking hours
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d. none of these
35. When a cheque is wrongfully dishonoured by the bank, it is liable to :
a. drawer b. payee c.holder d. either a or b or c
36. A bearer cheque can be negotiated (transferred) to other by:
a. Endorsement and delivery b.by delivery c. cannot be negotiated d.
none of these
37. An order cheque requires endorsement to transfer the same to another
person
a. Statement is true b. statement is false c. incomplete statement
d. none
38. When a payee/endorsee simply signs his name on the cheque, he is
making a:
a. Blank endorsement b, Full endorsement c. Partial endorsement d.
none of these
39. Along with the signature payee/endorsee adds a direction to pay the
amount mentioned in the cheque to or to the order of specified person
he is making:
a Full endorsement b. blank endorsement
c. partial endorsement d. none of these
40. Mr.A draws a cheque favouring Mr.B or Order. B endorses to C as ‘Pay to
C if he returns from Mumbai’. This endorsement is called as:
a. Restrictive Endorsement b.Conditional endorsement c.
Sans recourse Encorsement
d. None
41. When a person makes an endorsement as “Pay to Mr.X only” is an
example of :
a. Restrictive Endorsement b.Conditional Endorsemen
c.Facultative endorsement d.none
42. Mr.A endorses a cheque in his favour to Mr.Y adding the words ‘without
recourse to me’. This endorsement is called
a. Conditional endorsement b. Sans recourse
endorsement c.full endorsement
d.none
43. A cheque is drawn in favour of Mr.A. He endorses the cheque to Mr.B
with the remarks “notice of dishonour is waived” It is called:
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a.conditional endorsement b.sans recourse endorsement c. facultative
endorsement d.none
44. Mr.A endorses a cheque to Mr.B, but before he could deliver the same to
Mr.B, Mr.A dies. Whether legal heirs of Mr.A could deliver the said
cheque to Mr.B?
a. The legal heirs cannot deliver the same to Mr.B as
endorsement becomes ineffective
b. The legal heirs can deliver the said cheque to Mr.B, as it is
already contains endorsement of Mr.A.
c. It is the discretion of Banker to accept such cheques d.
None of these
45. Bill of Exchange of Rs.5000/- crossed with account payee, presented to
drawee for acceptance
a. The crossing has no effect as only cheques are to be
crossed
b. Bill of exchange is NI hence crossing applicable
c. Both a and b are correct d. none of these
46. For General Crossing, two parallel transverse lines are :
a. Required b.not required c. it is the option of
drawer d. none of these
47. Which of the following statement is correct :
a. for special crossing the two parallel lines and name of the
banker is essential
b. for special crossing the two parallel lines not
essential but the name of the bank is required.
c. For special crossing, the two parallel lines are essential but the
name of a baker is not essential.
d.none of these
48. Which of the following statement is true?
a. When cheque is crossed, its payment can be made across the
counter
b. When the cheque is crossed, its payment can be made across the
counter or to the banker
c. When the cheque is crossed, its payment can be made
only through a banker
d. None of the above
49. Who can cross the cheque
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a. Drawer b.Payee c.Holder d.a or b or c
50. When a cheque is crossed “Not Negotiable”, its significance is:
a. The transferee will not get a better title than that of the
transferor
b. There cannot be a Holder in due course c. a or b d.none of
these
QUESTION SET-10
01. An account payee crossing is a:
a. Direction to collecting banker to collect the cheque only
to the payee
b. Direction to the paying banker to pay the cheque only to the payee
c. Direction to both the collecting and paying banker d. none of these
02. When a cheque is crossed to two bankers, the payment of such cheque:
a. Should not be made and returned
b. Can be made provided the second banker is an agent of
the first banker
c. Can be made after getting the name of one of the banker cancelled by
drawer
d. None of these
03. The drawer of a cheque can be made liable under section 138 of N I Act,
provided:
a. The cheque is issued in discharge of a debt or liability
b. The cheque is issued in discharge of a debt, liability, gift, donation.
c. The cheque is issued in discharge of a gift, or donation. D. none
04. The penalty for dishonour of cheque under section 138 of NI Act is:
a. the amount of the cheque or one year imprisonment or both
b. twice the amount of the cheque or one year imprisonment or both
c. twice the amount of the cheque or two year
imprisonment or both
d. None of these
05. A issues a cheque to B in full discharge of his debt to B. The cheque is
returned by the bank for the reason ‘Exceeds Arrangement’ Whether A is
liable under section 138 of N I Act.
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a. A is not liable as such a remark is not accepted under section 138 of
NI Act
b. A is liable because Section 138 of NI Act recognizes the
remark exceeds arrangement
c. It is better for B to get the remark altered as “Insufficient funds”
d. None of these
06. X purchases a T V set from shop of Y. X issues a cheque for Rs.40000/-. Y
presents the cheque to his bank for collection to X’s Banker. X bank returns
the cheque with reasons “payment stopped by drawer”. Whether X is liable
under section 138 of NI Act?
a. X is not liable as he himself stopped the payment of cheque
b. X is liable u/s 138 of NI Act
c. X may or may not be held liable u/s 138 even if Y files case under the
provisions
d. None of these
07. When a cheque is returned/dishonoured for insufficient funds, it is treated
as:
a. Civil Offence b. Criminal Offence(sec.138-142)
c. Semi Criminal Offence d. None of these
08. Mr. A closes his account after issuing a cheque in favour of Mr. B towards
repayment of debt. Whether Mr. A is liable for punishment under section
138 of NI Act?
a. Yes Mr. A is liable b. No Mr.A is not liable c. It is the discretion of
Payee d. None
09. Mr. X issues a cheque favouring Mr.Y for discharge of his debt. The cheque
is presented by Mr.Y and it was returned for insufficient funds. Mr.Y again
re-presents the cheque after some time for payment. The cheque
dishonoured again. Whether Mr.Y has right to initiate action under section
138 of NI Act?
a. Mr.Y can not initate. As the action was to be initiated when the
cheque was returned first time.
b. Mr.Y can initiate action under section 138 since the cheque can be
presented any number of times but Mr.Y should not have presented
the cheque once returned.
c. Mr.Y can initiate action u/s 138 any number of times.
d. None of these
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10. Whether the drawer of a cheuqe can be held liable under section 138 of NI
Act for dishonour of a post-dated cheque issued to payee but presented only
after date?
a. Yes, since 6 months period shall be reckoned from the
date mentioned on the face of the cheque and not the date
of writing the cheque.
b. No. since the post dated cheque has no mandate from the drawer for
payment
c. Yes, provided the drawer has given consent in writing to present the
cheque
d. None of these
11. Whether the payee of post dated cheque can proceed against drawer u/s
138 of NIAct when drawer has issued stop payment instructions / account
closed
a. Yes on dishonour of cheque
b. No since the cheque issued was post dated
c. It is to be decided by drawer
d. None of these
12. To become a holder of a negotiable instrument, consideration is :
a. Essential b. Not essential c. sometimes essential d. none
13. If there is defective title in the transferor, the holder also:
a. Gets a defective title b. Gets a good title c. Either a or
b d. None
14. Which among the following persons cannot be a Holder?
a. A Thief in possession of a stolen cheque b. A finder of cheque
C . Either a or b d. None of these
15. In the case of holder in due course, consideration is
a. Essential b. Not essential c. Either a or b d
None
16. Holder in due course will:
a. Get a good title even if there was no title in the
transferor
b. Get a good title if the transferor had good title
c. Not get a good title d. None of these
17. In which of the following cases there will not be holder in due course?
a. A cheque containing forged endorsement
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b. A cheque crossed not negotiable
c. Either a or b d.None of these
18. Which among the following is not a payment in due course?
a. Payment made after business hours
b. Payment made after receipt of notice of death of the drawer
c. Payment made after receipt of notice of stop payment from the
drawer
d. A or B or C
19. Which amount is payable when there is discrepancy in words and figures in
the amount as per Negotiable Instruments Act?
a. Amount Mentioned in Figures b. Amount mentioned in
words
b. Amount whichever is lower d. Amount whichever is higher
20. Minor can draw, endorse, negotiate and deliver a negotiable instrument, so
as to bind all parties including himself.
a. True b. False c. True when minor is aged more than 14
years d. none
21. A draws a cheque in favour of B who endorses it to C. The cheque is
dishonoured.
a. A is liable to C b. A is liable only to B
c.Nobody is liable d. it all depends on situation.
22. Drawee of a bill of exchange is liable to the holder for dishonor of the bill
a. It is true statement b. It is false statement c.
can’t say d. none
23. A draws a bill on B. B accepts the bill without consideration. The bill is
transferred to C without consideration. C transfers it to D for value. In this
case the the rights of D as against A, B and C. and the rights A, B and C
amongst themselves.
a. D can recover from all, but amongst A,B and C it
cannot be enforced
b. D cannot recover from A or B or C and amongst A, B andC can be
enforced
c. D can recover from C only but not from A or B
d. None of the above
24. X draws a cheque in favour of Y or order. Y endorses it to Z by putting his
signature on the back of cheque. Z wants to endorse it to A.
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a. Mere delivery is sufficient b. Endorsement and delivery is
required
C.it cannot be delivered to A d. None of these
25. A Cheque is drawn in favour of Mr.X for Rs.10000/- Now he wants to endorse
the said cheque to Mr.A and Mr.B for Rs.5000/- to each one of them.
Whether this partial endorsement is allowed?
a. Yes it is allowed b.Not allowed c. It is discretion of bank
d.None
26. Section 85(I) of Negotiable Instruments Act deals with
a. Protection to the paying banker for payment of order cheques
b. Protection to the paying banker for payment of bearer
cheques
c. Protection to the paying banker for payment of drafts
d. None of these
27. When an order cheque is made into bearer, it requires the drawer’s full
signature as it amounts to:
a. Chemical Alteration b. Material Alteration c.Important
alteration d.None
28. A draws a cheque favouring B for Rs.1000/- B alters the amount to
Rs.10000/- with a chemical which is not visible. The cheque is presented for
payment. The banker pays the cheque in due course despite the alteration,
as sit not visible. Whether banker can claim protection under NI Act?
a. Yes u/s 85 of NI Act b.Yes u/s 89 of NI Act
c.Yes u/s131 of NI Act d. None
29. Noting and Protesting is related to:
a. Cheques b. Promissory Notes c. Bills of Exchange d. either
b or c
30. Protest in case of dishonor of a Bill of exchange is :
a. An objection made by the drawer of the bill
b. A certificate issued by a Notary Public for having noted
the dishonor of bill
c. A protest made by the drawer against the drawee for having not
paid the bill
d. None of these
31. Noting and Protest is compulsory in the case of:
a. Cheques b. Inland Bills c. Foreign Bills d.
None of these
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32. A has drawn a cheque in favour of B and B endorses it to C who in turn
endorsed it to D. The cheque is dishonoured. Whether D has to serve a
notice of dishonor to C, B and A before proceeding against them?
a. Not required b.Notice has to be served c.Notice to be
served when required d.None
33. A crossed cheque held by a payee was stolen and was received by an
account holder in good faith and for value, deposits the same for collection
in his bank and his banker collects it from the drawee bank. In this case:
a. Collecting bank will not get protection since it is stolen cheque
b. Collecting bank will get protection since it is a crossed
cheque and collected in good faith without negligence
c. Collecting bank wil get progection only if the drawer confirms the
payment
d. None of the above
34. Section 135 of NIAct deals with law of place of payment governs the
dishonor
a. True b. Not true c. Partially true d. None of these
35. A cheque specially crossed is presented for cash payment by the concerned
bank. :
a. Cash should not be paid b. advise the bank to send the cheque
by post
C.Cash can be paid d. none of these
36. Protection to paying banker paying a crossed cheque in due course is dealt
in ……Section of NI Act.
a. 85 b.10 c.128 d.87
37. The validity period of cheque is
a. Defined in N I Act b. Not defined in NI Act c.Defined in
Contract Act d.None
38. When a mutilated cheque is presented for payment:
a. It cannot be paid
b. It can be paid if mutilation is guaranteed by the drawer
c. It can be paid if mutilation is guaranteed by the banker
d. B or C
39. B draws a cheque on piece of paper, not in the printed form supplied by
the Bank. Except for this the cheque is in order. What can be done?
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a. Should not be paid as it is not on standard format
b. Can be paid and advise the customer to use the banks
cheque in future
c. Give the customer a loose leaf cheque and pay
d. None of the above
40. A cheque is drawn payable to “Mr.X only” and the bearer/order is scored
off.
a. It can be paid only to Mr.X
b. It cannot be paid since such a drawing is not permitted
c. It can be paid after the cheque is again altered by the drawer by
adding the word bearer/order
d. None of the above.
41. The date of maturity of a usance bill dated 13.06.2009 payable 60 days
after date will be
a. 14.8.09 b. 16.08.09 c. 15.08.09 d. 18.08.09
42. A bill drawn 2 months after sight on 24.12.2009 and accepted on
30.12.2009 falls due on
a. 24.2.2010 b. 28.2.2010 c. 3.3.2010 d
None of these
43. The Holidays for the Banks are declared by the Government under _____
a. NI Act b. Companies Act c.BR Act d. RBI Act
44. If the holder of a cheque has acquired possession thereof from a person
who was in a state of drunkardness and the said holder is not aware of his
drunkenness, then ____
a. the holders title will be defective b. the holder’s title will
not be defective
C. the holder will have to prove d. the holder has no title at
all
45. Which of the following is a material alternation _____
a. crossing of a cheque b. converting a cheque payable
to bearer to order
b. filling the date in the cheque which was blank earlier
D. Converting an order cheque into bearer one
46. Payment of an order cheque shall be made ____
a. to its payee only b. through a clearing bank c. after
proper Identification
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b. In combination or separation of a, b and c
47. When a bill is supported by documents of title to goods and other
documents it is called
a. clean bill b. accommodation bill c. supply bill d.
documentary bill .
48. Allonge means __________
a. a stamped paper used for the purpose of endorsement
b. a slip of a paper attached to a cheque for the purpose
of further endorsement .
c. notice to all parties of a negotiable instrument notifying
endorsement
d. authority to make further endorsements
49. The transferability of a bill of exchange is restricted by which of the
following crossings
a. Account payee b. Not negotiable c. Not transferable
d. a crossing has no effect on Bill of Exchange
50. A Bank is under a statutory obligation to honour its customers cheques
vide Section 31 of _____ Act.
a. BR b. RBI c. Consumers Protection Act d. None of
these