Ques 1.
"Once a bearer is always a bearer " means that :
(a) where a cheque is originally expressed to be the bearer to the bearer, the banker is discharged by payment in due course to the bearer.
(b) banker can pay the cheque to the bearer irrespective of any endorsement whether in full or in blank appearing thereon,notwithstanding that any such endorsement purports to restrict or exclude further negotiation
(c) both A and B
(d) None of the above
Ques 2.
Banking Ombudsman entertains complaints involving :
(a) delay in collection of cheques
(b) deficiency in cash transactions
(c) non-issue of demand drafts
(d) all of the above
Ques 3.
Banks stipulate interest rate on loss and advances based on :
(a) Borrower's experience
(b) track record
(c) credit rating
(d) None of these
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Ques 4.
Ques 4.
Expand 'VIRUS" in computer parlance :
(a) Variable Integrated Risks Under Surveillance
(b) vital Information Resource Under Siege
(c) Very Independent Resource Under Seizure
(d) None of the above
Ques 5.
Expand " SHIPI " :
(a) State Bank Heritage Private Institute
(b) SBI Handicapped Standards Board
(c) Self Help Promotion Institution
(d) None of the above
Ques 6.
Expand IASB :
(a) International Accounting standards Board
(b) Indian Accounting Standards Boards
(c) Internal Accounting Standards bureau
(d) Indian accounts Standards Board
Ques 7.
INFINET Stands for :
(a) Internal Financial Networking
(b) international Financial Networking
(c) Indian Financial Network
(d) Inland Financial Network
Ques 8.
The full form of RBS is :
(a) Risk Based Supervision
(b) rating by System
(c) Role Based supervision
(d) Rating Bank security
Ques 9.
state Bank of India has ........ circles :
(a) 9
(b) 12
(c) 14
(d) 16
Ques 10.
Under hire -purchase system, the buyer becomes the owner of goods.
(a) immediately after the delivery of goods
(b) immediately after the down Payment
(c) immediately after the signing of the of the agreement
(d) immediately after the payment of the last instalment
Ques 11.
Under hire -purchase system, the asset can be got insured by :
(a) Buyer
(b) Seller
(c) Both A and B
(d) None of these
Ques 12.
National Income of India's estimated by :
(a) central Estimates Survay Committee
(b) National sample Survey Committee
(c) Central Statistical Organisation
(d) Finance Ministry
Ques 13.
The definition of " Customer" is available under :
(a) Negotiable Instruments Act, 1881
(b) Consumer Protection Act, 1986
(c) Banking Regulation Act, 1949
(d) KYC Guidelines
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