Thursday, May 5, 2016

1. In the Balance Sheet of a bank, contingent liabilities are shown? 
A.on the liabilities side of the Balance Sheet 
B.by way of a deduction from the assets 
C.by way of a footnote
D.in the Schedule on the Assets side of the Balance Sheet 

2. The product of HDFC Bank includes? 
A. Credit Card 
B. Personal Loan 
C. Life Insurance 
D. Above all

3. When a cheque with forged drawer’s signature is paid by the bank, the paying banker?
A.is protected if the cheque is paid in good faith and without negligence 
B.is protected if the forgery could not have been detected with the exercise of reasonable care and prudence 
C.is not entitled to debit the drawer’s account with the amount of the cheque
D.is liable to the drawer only if there has been no contributory negligence on the part of the draer

4. In the matter of handling bills of exchange for collection, the relationship between customer and the bank is?
A.trustee and the beneficiary 
B.principal and agent
C.bailor and bailee 
D.None of the above

5. A scheduled bank is one? 
A.which conforms to the requirements of schedule III of the Banking Regulation Act, 1949
B.which has been declared as a scheduled bank by the Government of India 
C.which has deposits exceeding Rs. 10 crore 
D.which has its name added to the second schedule of the Reserve Bank of India Act, 1934

6. When a cheque duly signed by the drawer, with particulars written there in a hand-writing different from that of the drawer, is presented for payment? 
A.the bank will refuse payment of the cheque as there is a distinct possibility of the cheque signed in blank having been    stolen from the drawer and hence, the branch is put on enquiry 
B.the bank will make the payment provided the cheque is otherwise in order
C.the bank will make payment only to the authorised representative of the drawer 
D.None of the above

7. Hypothecation is? 
A.a transaction of conditional sale 
B.a legal transaction whereby goods may be made available as security for a debt
C.transfer of ownership by the borrower to the lender 
D.None of the above 

8. Crossing denotes? 
A.that the cheque will not be paid across the counter but will be credited to the account of the holder 
B.that the cheque will be paid through clearing only 
C.that the cheque can not be transferred by the payee named therein 
D.it is a direction to the paying banker to make payment of the cheque through a bank

9. Where the signature of the drawer of a cheque is not genuine, such a cheque is called? 
A.post dated cheque 
B.stale cheque 
C.forged cheque
D.all of these

10. Account payee crossing is addressed to? 
A.collecting banker
B.paying banker 
C.payee
D.all of these

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