When does a Savings Bank account becomes dormant :
If there is no transaction for a period of 12 months.
(b) if there is no withdrawal for a period of 12 months
(c) if there is no withdrawal for a period of 6 months
(d) if there is no credit for a period of 12 months
Ques 2.
The word " At Sight " and "After Sight" in a bill of Exchange refers to :
(a) both mean on demand
(b) both mean after acceptance
(c) " at sight " means on demand and " after sight" means after acceptance
(d) None of the above
Ques 3.
Ques 3.
A lien is the right to :
(a) Sell the goods or securities if the dept or loan is not repaid by the borrower
(b) retain goods or securities belonging to a debtor until he has discharged a debt to the retainer there of
(c) dispose of the goods or securities in case of default on the part of the borrower
(d) None of the above
Ques 4.
A bank reconciliation statement is prepared with the help of :
(a) bank pass book and bank column of cash book
(b) Bank pass book and cash column of cash book
(c) bank pass book and petty cash book
(d) All of the above
Ques 5.
The main purpose of preparing a bank reconciliation Statement is :
(a) to know the Cash book Balance
(b) to know the pass book Balance
(c) to compare the transactions in the Cash book and pass Book
(d) To correct the cash book
(e) to reconcile Balance as per Cash Book with the Pass book Balance
Ques 6.
The goods in the Consumer Protection Act, includes :
(a) Every kind of movable property except money
(b) actionable claims , stocks and shares
(c) growing crops and things attached to or forming a part of the land.
(d) All of the above
Ques 7.
Under the Basel-II Accord capital requirement for credit risk can be calculated :
(a) Standardised manner which is based on external credit rating assessment
(b) Internal rating system for credit risk
(c) Both A and B
(d) None of the above
Ques 8.
The features of Standardized credit rating approach are :
(a) The risk can be measured in standardised manner based on external credit assessment
(b) The risk wrights are inversely related to the rating of counterparty
(c) Lower the rating , higher the risk
(d) All of the above
Ques 9.
The Objective of cash management is to :
(a) Reduce bank overdraft
(b) Minimise cost of borrowings
(c) earn maximum interest income
(d) Maintain cash at optimum levels
Ques 10.
The term " working Capital Cycle ' refers to :
(a) Money invested in current assets
(b) rotation of money invested in working capital
(c) the periodic increase or decrease in the requirement of working capital funds
(d) conversion of cash of the business again into cash through the stages of inventory and receivables
Ques 11.
A reduction of Cash Reserve Ratio (CRR) will result in:
(a) increase in lendable resource of banks
(b) will not impact the level of bank credit
(c) Increase in bank credit
(d) decrease in bank credit
Ques 12.
A self help Group may become eiligible for bank loan and subsidy :
(a) after First Grading
(b) after Second Grading
(c) soon after the registration
(d) 6 months after opening of Savings Bank account
Ques 13.
A time barred debt can be revived by obtaining :
(a) A letter of undertaking to pay the time barred debt
(b) time -barred debt cannot be revived
(c) a back - dated Revival Letter
(d) Revival Savings of the farmer
Ques 14.
An asset will be immediately categorized as loss Asset, when the realizable value is :
(a) more than 15 per cent
(b) less than 10 per cent
(c) 10 per cent or more
(d) None of these
Ques 15.
Bank guarantee is a :
(a) Demand Liability
(b) Contingent Liability
(c) Term Liability
(d) None of these
Ques 16.
Bank Holidays under Section 25 of the Negotiable Instruments Act, 1881 are declared by :
(a) State Government for the respective State
(b) Banking Operations Department
(c) Central Government
(d) RBI
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