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Your IIBF Sample Question Results

Results Summary
Elapsed Time: Timer Not Started Total Marks: 282 Obtained Marks: 205 Percenta e: !" Result : Passed Current Exam Module Chapter1 Chapter2 Chapter3 Chapter4 Module A Chapter1 Chapter2 Chapter3 Chapter4 Chapter5 Module ' Chapter1 Chapter2 Chapter3 Chapter4 Chapter5 Module C Chapter1 Chapter2 Chapter3 Questions Percent Positive Negative Marks Answered Correct Incorrect Selected Correct Mark Mark Obtained 20 0 112 9 1 1 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 1! 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 14 0 111 9 12 0 96 5 11! 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 2 0 15 4 "1 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 60 0 86 56 #$ 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 24 0 192 10 ""% 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 2 0 15 4 "1 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 1 6 "$& 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 22 0

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Chapter4 Chapter5 Module ( Chapter1 Chapter2 Chapter3 Chapter4 Chapter5 Module ) Chapter1 Chapter2 Chapter3 Chapter4 Chapter5 Module * Chapter1 Chapter2 Chapter3 Chapter4 Chapter5 Module + ,otal

0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ 1 1

0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ 1!

0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ 11!

0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ "1

0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ #$

0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ ""%

0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ "1

0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 $ "$&

Overall -esults Exam Module Chapter1 Chapter2 Chapter3 Questions Percent Positive Negative Marks Answered Correct Incorrect Selected Correct Mark Mark Obtained 20 0 112 14 0 111 12 0 96 2 0 15 60 0 86 24 0 192 2 0 15 1 22 0

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Chapter4 Module A Chapter1 Chapter2 Chapter3 Chapter4 Chapter5 Module ' Chapter1 Chapter2 Chapter3 Chapter4 Chapter5 Module C Chapter1 Chapter2 Chapter3 Chapter4 Chapter5 Module ( Chapter1 Chapter2 Chapter3 Chapter4 Chapter5 Module ) Chapter1 Chapter2

9 1 1 30 11 31 25 14 1!& 10 10 10 10 10 &$ 25 33 21 21 33 1 " 0 0 0 0 0 $ 0 0 1!

9

5 11! 20 11 24 20 13 1$&

4 "1 10 0 6 5 1 ". 2

56 #$ 6 100

10 ""% 40 22 48

4 "1 10 0 6 5 1 ". 2 2 4 4 1 1! 6 1 8 11 13 %1

6 "$& 30 22 42 35 25 1#1 12 14 6 6 1 && 20 11 16 5 21 /! 0 0 0 0 0 $ 0 0

30 11 30 25 14 1! 9 10 9 9 10 / 19 31 20 19 30 1"# 0 0 0 0 0 $ 0 0

80 93 /# 0 80 50 50 90 %# 52 42 5 38 52 / 0 0 0 0 0 $ 0 0

40 26 "1$ 14 16 10 10 18 %# 26 28 24 16 34 1! 0 0 0 0 0 $ 0 0

8 5 5 9 ! 13 14 12 8 1 %/ 0 0 0 0 0 $ 0 0

2 4 4 1 1! 6 1 8 11 13 %1 0 0 0 0 0 $ 0 0

0 0 0 0 0 $ 0 0

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Chapter3 Chapter4 Chapter5 Module * Chapter1 Chapter2 Chapter3 Chapter4 Chapter5 Module + ,otal

0 0 0 $ 0 0 0 0 0 $ %#
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0 0 0 $ 0 0 0 0 0 $ !

0 0 0 $ 0 0 0 0 0 $ !1.

0 0 0 $ 0 0 0 0 0 $ 1"

0 0 0 $ 0 0 0 0 0 $ %#

0 0 0 $ 0 0 0 0 0 $ %!#

0 0 0 $ 0 0 0 0 0 $ 1"

0 0 0 $ 0 0 0 0 0 $ &1

10 A 1ublic sector bank o2 is a bod3 cor1orate created under s1ecial statute ,rue )alse ,7e Correct Answer is 4
Marks4 "5 16

,rue

"0 A banking com1an3 is registered under t7e 'anking -egulation Act ,rue )alse ,7e Correct Answer is 4 )alse Module 4 Module A C7a1ter 4 C7a1ter1 !0 Coo1erative banks are registered under t7e Coo1erative Societies Act
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,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 2This is due to the impact of certain tings and ....... hope this will work well Example Explanation Module 4 Module A C7a1ter 4 C7a1ter1 0 Subsidiaries banks are com1anies registered under t7e Com1anies Act
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,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 3This is due to the impact of certain tings and ....... hope this will work well Example Explanation Module 4 Module A C7a1ter 4 C7a1ter1 &0 Acce1ting de1osits 2or sa2e custod3 would 2all wit7in t7e de2inition o2 9banking: Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Incorrect 8ou Answered ,rue Ex1lanation 4 4This is due to the impact of certain tings and ....... hope this will work well Example Explanation Module 4 Module A C7a1ter 4 C7a1ter1 %0 -eserve 'ank was constituted under ;;;;;;; Marks4 A0 '- Act '0 -'I Act C0 Com1anies Act ,7e Correct Answer is 4 '0 -'I Act 8our Answer is Correct 8ou Answered '0 -'I Act Ex1lanation 4 5This is due to the impact of certain tings and ....... hope this will work well Example Explanation Module 4 Module A C7a1ter 4 C7a1ter1 /0 A -egional -ural 'ank is ;;;;;;;;;;;;;;;;0 Marks4

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A0 A bod3 cor1orate created under a s1ecial statute '0 A coo1erative societ3 ,7e Correct Answer is 4 A0 A bod3 cor1orate created under a s1ecial statute 8ou did not answer t7e <uestion0 Ex1lanation 4 6This is due to the impact of certain tings and ....... hope this will work well Example Explanation Module 4 Module A C7a1ter 4 C7a1ter1

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#0 'anking com1anies are licensed b3 ;;;;;;; 0

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A0 -eserve 'ank '0 -egistrar o2 com1anies C0 Com1an3 =aw 'oard>0 ,7e Correct Answer is 4 '0 -egistrar o2 com1anies 8ou did not answer t7e <uestion0 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 .0 'usiness w7ic7 a banking com1an3 ma3 undertake ot7er t7an banking is as sti1ulated b3 ;;;;;;;;;;;;;; Marks4 "5 16 A0 -eserve 'ank '0 '- Act C0 -'I Act>0 ,7e Correct Answer is 4 '0 '- Act 8ou did not answer t7e <uestion0 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 1$0 '- Act was enacted 2or ;;;;;;;;; regulating acce1tance o2 de1osits 2rom 1ublic>0 Marks4 "5 16 A0 -egulating banking com1anies '0 Creating -eserve 'ank ,7e Correct Answer is 4 A0 -egulating banking com1anies 8ou did not answer t7e <uestion0 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 110 Central *overnment can give direction to t7e -eserve 'ank0 ,rue )alse ,7e Correct Answer is 4 ,rue 8ou did not answer t7e <uestion0 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 1"0 All business o2 banks are regulated onl3 b3 t7e -eserve 'ank0
16

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,rue )alse ,7e Correct Answer is 4 )alse 8ou did not answer t7e <uestion0 Ex1lanation 4 undefined

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Module 4 Module A C7a1ter 4 C7a1ter1 1!0 Central *overnment is t7e 1rimar3 regulator o2 banks0

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,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 1 0 ,7e State *overnment 7as no control over coo1erative banks0
16

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,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 1&0 On cancellation o2 licence o2 an3 bank? an a11eal lies to Central *overnment0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 1%0 Coo1erative bank o1erating in di22erent states are regulated b3 ;;;;;;;
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A0State Coo1erative Societies Act '0Multi6@nit Coo1erative Societies Act C0'anking =aws Aa11lication to Coo1erative Societies Act> ,7e Correct Answer is 4 '0Multi6@nit Coo1erative Societies Act 8our Answer is Correct 8ou Answered '0Multi6@nit Coo1erative Societies Act Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 1/0 *overnment can exem1t a bank 2rom 1rovision o2 '- Act ;;;;;;
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A0On t7e recommendation o2 -'I

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'0B7enever t7e government is satis2ied C0I2 re<uested b3 a bank ,7e Correct Answer is 4 A0On t7e recommendation o2 -'I 8our Answer is Correct 8ou Answered A0On t7e recommendation o2 -'I Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 1#0 ;;;;;;;; exercises t7e central banking 2unction in India?

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A0State 'ank? Central 'ank o2 India '0-eserve 'ank o2 India ,7e Correct Answer is 4 '0-eserve 'ank o2 India 8our Answer is Correct 8ou Answered '0-eserve 'ank o2 India Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 1.0 Com1an3 matters o2 a banking com1an3 are regulated b3 ;;;;;;
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A0-eserve 'ank '0Aut7orities under Com1anies Act C0SE'I ,7e Correct Answer is 4 '0Aut7orities under Com1anies Act 8our Answer is Correct 8ou Answered '0Aut7orities under Com1anies Act Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 "$0 ,rading in s7ares and securities b3 banks is subCect to control b3 ;;;;;; Marks4 "5 16 A0Controller o2 Ca1ital Issues '0SE'I C0Com1an3 =aw 'oard ,7e Correct Answer is 4 '0SE'I 8our Answer is Correct 8ou Answered '0SE'I Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter1 "10 Section &Ab> o2 ;;;;;; Act gives t7e de2inition o2 t7e term 9'anking:
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A0Contract Act? '0Negotiable Instruments Act? C0'anking -egulation Act? (0,rans2er o2 Pro1ert3 Act0

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,7e Correct Answer is 4 C0'anking -egulation Act? 8our Answer is Correct 8ou Answered C0'anking -egulation Act? Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! ""0 Princi1le 2unctions o2 t7e 'ank are4 Marks4 "5 16 A0(is1atc7 o2 statements? '0AdCustment o2 Intero22ice ,ransactions? C0Clearing (0Acce1tance o2 de1osits 2or =ending and investment0 ,7e Correct Answer is 4 (0Acce1tance o2 de1osits 2or =ending and investment0 8our Answer is Correct 8ou Answered (0Acce1tance o2 de1osits 2or =ending and investment0 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! "!0 In a de1osit account t7e 1rinci1al relation between 'ank and Customer is bank ;;;;;;;;;;; and t7e Customer ;;;;;;;;0 Marks4 "5 16 A0Agent? Princi1al '0=essor? =essee C0Creditor6(ebtor (0(ebtor6Creditor E0'ailor6'ailee ,7e Correct Answer is 4 (0(ebtor6Creditor 8our Answer is Correct 8ou Answered (0(ebtor6Creditor Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! " 0 B7en a 'ank lends mone3 t7e relation between 'ank and Customer is 'ank ;;;;;;;;;;;;; and Customer ;;;;;;;;0 Marks4 "5 16 A0Agent? Princi1al '0=essor? =essee C0Creditor6(ebtor (0(ebtor6Creditor E0'ailor6'ailee ,7e Correct Answer is 4 C0Creditor6(ebtor 8our Answer is Correct 8ou Answered C0Creditor6(ebtor Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! "&0 In case o2 sa2e custod3 o2 articles relation between 'ank and Customer is 'ank ;;;;;;;;;;; and Customer ;;;;;;;;;0 Marks4 "5 16

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A0Agent? Princi1al '0=essor? =essee C0Creditor6(ebtor (0(ebtor6Creditor E0'ailor6'ailee ,7e Correct Answer is 4 E0'ailor6'ailee 8our Answer is Correct 8ou Answered E0'ailor6'ailee Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! "%0 In case o2 sa2e de1osit licker t7e relation between 'ank and Customer is 'ank ;;;;;;;;;;;;;;; and Customer ;;;;;;;;;0 Marks4 "5 16 A0Agent? Princi1al '0=essor? =essee C0Creditor6(ebtor (0(ebtor6Creditor E0'ailor6'ailee ,7e Correct Answer is 4 '0=essor? =essee 8our Answer is Incorrect 8ou Answered A0Agent? Princi1al Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! "/0 An individual can start a bank0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! "#0 A banking com1an3 s7ould 7ave t7e word 9'anking: in its name
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,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! ".0 A com1an3 engaged in manu2acture o2 2urniture can use t7e word 9'ank: in its name0 Marks4 "5 16

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,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! !$0 =edger kee1er is aut7orised to disclose t7e balance o2 t7e account o2 t7e customer to a stranger0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! !10 =ine is aDan ;;;;;;;; o2 t7e creditor to retain 1ossession0

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A0Obligation '0-ig7t C0Interest (0Protection ,7e Correct Answer is 4 '0-ig7t 8our Answer is Correct 8ou Answered '0-ig7t Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! !"0 B7ere as general lien gives rig7t to retain goods? 'anker:s lien 7as ;;;;;;;;; in case o2 de2ault0 Marks4 "5 16 A0rig7t to create c7arge '0rig7t to create mortgage C0rig7t to sell0 ,7e Correct Answer is 4 C0rig7t to sell0 8our Answer is Correct 8ou Answered C0rig7t to sell0 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! !!0 *eneral lien gives t7e creditor rig7t to retain ;;;;;;;; w7ic7 7ave come in 7is 1ossession0 Marks4 "5 16 A0all goods

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'0some goods C0s1eci2ic goods ,7e Correct Answer is 4 A0all goods 8our Answer is Correct 8ou Answered A0all goods Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! ! 0 Particular lien gives t7e creditor rig7t to retain ;;;;;;;; in case t7e ex1enses incurred are not 1aid0 Marks4 "5 16 A0all goods '0some goods C0s1eci2ic goods ,7e Correct Answer is 4 C0s1eci2ic goods 8our Answer is Correct 8ou Answered C0s1eci2ic goods Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! !&0 'anker:s lien is aDan ;;;;;;;;;0 Marks4

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A0731ot7ecation '0mortgage C0im1lied 1ledge (01ledge ,7e Correct Answer is 4 C0im1lied 1ledge 8our Answer is Correct 8ou Answered C0im1lied 1ledge Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! !%0 In case o2 ;;;;;;;;;; goods? 'anker:s lien is not a11licable0
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A0owner:s goods '0stolen goods C02inis7ed goods ,7e Correct Answer is 4 '0stolen goods 8our Answer is Correct 8ou Answered '0stolen goods Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! !/0 ,7e rig7t to ;;;;;;; two accounts is known as set6o220 A0O1en '0'anker:s rig7t C0Combine

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,7e Correct Answer is 4 C0Combine 8our Answer is Incorrect 8ou Answered '0'anker:s rig7t Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! !#0 -ig7t o2 set6o22 is not discretionar3 rig7t wit7 t7e bank0 0

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,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! !.0 Bit7 t7e deat7 o2 a 1artner o2 a 1artner o2 a 2irm 7aving a cas7 credit account t7e account o2 t7e 2irm can continued as t7it7erto0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Incorrect 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! $0 ,rans2er o2 2unds 2rom t7e 1artners7i1 account to t7e credit o2 t7e account o2 a 1artner to set6o22 a debit balance? is in order0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 10 ,7e rig7t o2 set6o22 is ;;;;;;;;;;0

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A0Customer:s rig7t '0'anker:s rig7t C0'anker:s obligation (0'ank:s descrition0 ,7e Correct Answer is 4 (0'ank:s descrition0 8our Answer is Correct 8ou Answered (0'ank:s descrition0 Ex1lanation 4 undefined

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Module 4 Module A C7a1ter 4 C7a1ter! "0 *arnis7ee order is issued b3 ;;;;;;;0

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A0Police o22icer '0-evenue aut7orit3 C0In2orcement aut7orit3 (0Court o2 =aw ,7e Correct Answer is 4 (0Court o2 =aw 8our Answer is Correct 8ou Answered (0Court o2 =aw Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! !0 Attac7ment order is issued b3 ;;;;;;;;;;0 A0(rawer o2 a c7e<ue '0-evenue aut7orit3 C0Manager o2 bank ,7e Correct Answer is 4 '0-evenue aut7orit3 8our Answer is Correct 8ou Answered '0-evenue aut7orit3 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 0 Mandate is ;;;;;;;;; 0 Marks4 "5 16

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A0Signed letter to t7e 'ank '0Order o2 t7e court o2 law C0Memorandum o2 understanding (0@nstam1ed letter to t7e 'ank ,7e Correct Answer is 4 (0@nstam1ed letter to t7e 'ank 8our Answer is Correct 8ou Answered (0@nstam1ed letter to t7e 'ank Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! &0 Power o2 attorne3 is ;;;;;;;;;0 Marks4 "5 16 A0Signed letter to t7e 'ank '0A 1romissor3 note C0*arnis7ee order (0Stam1ed documents0 ,7e Correct Answer is 4 (0Stam1ed documents0 8our Answer is Correct 8ou Answered (0Stam1ed documents0 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter!

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%0 Person to w7om a 1ower o2 attorne3 is given is called ;;;;;;;;; and t7e 1erson w7o gives t7e Power o2 attorne3 is called ;;;;;;;;;0 Marks4
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A0(ebtor6Creditor '0'ailor6'ailee C0Agent? Princi1al Adonor? donee> ,7e Correct Answer is 4 C0Agent? Princi1al Adonor? donee> 8our Answer is Correct 8ou Answered C0Agent? Princi1al Adonor? donee> Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! /0 A letter o2 mandate is generall3 issued 2or a s7ort or tem1orar3 1eriod0
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,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! #0 Mandates are acce1ted 2rom limited com1anies and coo1erative societies0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! .0 S1ecial 1ower o2 attorne3 gives extensive 1owers to t7e agent to 1er2orm man3 acts0 0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! &$0 *arnies7ee order is issued b3 t7e revenue aut7orities0 0

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,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! &10 Attac7ment order is issued b3 t7e Court o2 =aw0

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,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! &"0 Promissor3 Notes? 'ills o2 Exc7ange and c7e<ue are toget7er de2ined as;;;;;;;;;;;; Marks4 "5 16 A0Negotiable instruments '0,rans2erred instruments C0,rust -ecei1ts (0(ocuments o2 ,itle to goods0 ,7e Correct Answer is 4 A0Negotiable instruments 8our Answer is Correct 8ou Answered A0Negotiable instruments Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! &!0 N0I0are easil3 ;;;;;;;; Marks4 "5 16 A0trans2erable '0gi2ted C0sold ,7e Correct Answer is 4 A0trans2erable 8our Answer is Correct 8ou Answered A0trans2erable Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! & 0 a c7e<ue is drawn on a ;;;;;;;;;; A0owner o2 s7i1 '0an agent o2 a 1rinci1al C0bank ,7e Correct Answer is 4 C0bank

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8our Answer is Correct 8ou Answered C0bank Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! &&0 a c7e<ue is 1a3able on a ;;;;;;;;;

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A0demand '0a2ter certain da3s C0on a 2ixed 2uture date0 ,7e Correct Answer is 4 A0demand 8our Answer is Correct 8ou Answered A0demand Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! &%0 ,wo 1arallel transverse lines across t7e c7e<ue is called ;;;;;;;;;
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A0endorsement '0trans2er C0assignment (0crossing ,7e Correct Answer is 4 (0crossing 8our Answer is Correct 8ou Answered (0crossing Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! &/0 Crossing is a direction to t7e ;;;;;;;; bank to 1a3 t7e c7e<ue to t7e 1a3ee t7roug7 a bank0 Marks4 "5 16 A0drawer '01a3ee C01a3ing (0collecting ,7e Correct Answer is 4 C01a3ing 8our Answer is Incorrect 8ou Answered (0collecting Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! &#0 B7en a c7e<ue is drawn on a bank is called t7e ;;;;;;;;;;0
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A0drawer '0endorser C0acce1tor (0drawee

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,7e Correct Answer is 4 (0drawee 8our Answer is Correct 8ou Answered (0drawee Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! &.0 ,7e crossing in a crossed c7e<ue can be cancelled b3 ;;;;;;;;0
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A0drawer '0endorser C0acce1tor (0drawee ,7e Correct Answer is 4 A0drawer 8our Answer is Correct 8ou Answered A0drawer Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! %$0 Acts done 7onestl3 is called acts done0

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A0wit7out negligence '0ras7l3 C0molli2ied (0in good 2ait7 ,7e Correct Answer is 4 (0in good 2ait7 8our Answer is Incorrect 8ou Answered A0wit7out negligence Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! %10 Mere signature o2 t7e 1a3ee on t7e reverse o2 t7e instrument is called ;;;;;;;; endorsement Marks4 "5 16 A02ull '0blank C0conditional (0restrictive ,7e Correct Answer is 4 '0blank 8our Answer is Correct 8ou Answered '0blank Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! %"0 9Sans recourse: means ;;;;;;;0 A0I am not a2raid '0(o not touc7 me

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C0ask t7e drawer (0wit7out liabilit3 to me ,7e Correct Answer is 4 (0wit7out liabilit3 to me 8our Answer is Correct 8ou Answered (0wit7out liabilit3 to me Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! %!0 A c7e<ue is a 'ill o2 Exc7ange0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! % 0 (rawee o2 a c7e<ue is not a banker0 0 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Incorrect 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! %&0 A 1romissor3 note can be crossed0 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Incorrect 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! %%0 A c7e<ue needs acce1tance0 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter!

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%/0 A 7older6in6due acce1ts N0I0 2or consideration0

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,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! %#0 Crossing o2 a c7e<ue can be done b3 t7e drawer onl30

Marks4

"5 16

,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! %.0 ,rans2eree o2 a negotiable instrument will not get a better title trans2eror0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! /$0 A c7e<ue can be issued 1a3able a2ter ! mont7 2rom t7e date o2 its issuance0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Incorrect 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! /10 A banker on w7om a c7e<ue is drawn b3 customer is ;;;;;;;;;;;0
Marks4 "5 16

A0Collecting banker '0Pa3ing banker C0Advising banker (0Con2irming banking0

Page 20 of 38

,7e Correct Answer is 4 '0Pa3ing banker 8our Answer is Correct 8ou Answered '0Pa3ing banker Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! /"0 A banker w7o collects a c7e<ue 2or and on be7al2 o2 7is customer is ;;;;;;;;;;0 Marks4 "5 16 A0Collecting banker '0Pa3ing banker C0Advising banker (0Con2irming banking0 ,7e Correct Answer is 4 A0Collecting banker 8our Answer is Correct 8ou Answered A0Collecting banker Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! /!0 Section 1!1 o2 N0I0 Acts extends 1rotection to t7e ;;;;;;;;;;0
Marks4 "5 16

A0Collecting banker '0Pa3ing banker C0Advising banker (0Con2irming banking0 ,7e Correct Answer is 4 A0Collecting banker 8our Answer is Correct 8ou Answered A0Collecting banker Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! / 0 Section #& o2 N0I0 Acts extends 1rotection to t7e ;;;;;;;;;;0
16

Marks4

"5

A0Collecting banker '0Pa3ing banker C0Advising banker (0Con2irming banking0 ,7e Correct Answer is 4 '0Pa3ing banker 8our Answer is Correct 8ou Answered '0Pa3ing banker Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! /&0 B7en a banker makes 1a3ment o2 a c7e<ue a2ter banking 7our 7e will be 7eld ;;;;;;;;;;0 Marks4 "5 16 A0liable

Page 21 of 38

'0reasonable C0acce1table ,7e Correct Answer is 4 A0liable 8our Answer is Correct 8ou Answered A0liable Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! /%0 One o2 t7e condition to 7onour t7e c7e<ue b3 t7e 1a3ing banker is t7at amount in words and 2igures s7ould ;;;;;;;;;;;;0 Marks4 "5 16 A0di22er '0tall3 C0be clear ,7e Correct Answer is 4 '0tall3 8our Answer is Correct 8ou Answered '0tall3 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! //0 B7ere a customer b3 a letter 7as advised t7e bank directing t7e banker not to 7onour D 1a3 a 1articular c7e<ue suc7 a letter is called ;;;;;;;;;0
Marks4 "5 16

A0letter o2 aut7orit3 '0letter o2 credit C0sto1 1a3ment letter (0letter o2 continuit30 ,7e Correct Answer is 4 C0sto1 1a3ment letter 8our Answer is Correct 8ou Answered C0sto1 1a3ment letter Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! /#0 B7ere a customer 7as issued a c7e<ue date o2 w7ic7 is 3et to come? suc7 a c7e<ue is called ;;;;0 Marks4 "5 16 A0stale c7e<ue '01ost6dated c7e<ue C0crossed c7e<ue (0stolen c7e<ue ,7e Correct Answer is 4 '01ost6dated c7e<ue 8our Answer is Correct 8ou Answered '01ost6dated c7e<ue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! /.0 B7en a bank 1a3s a c7e<ue according to t7e a11arent tenor? in good 2ait7 and wit7out 7aving reason to doubt t7e bona2ide o2 t7e 1resendor?

Page 22 of 38

suc7 1a3ment is ;;;;;;;;;;;0

Marks4

"5 16

A0wrong 1a3ment '0late 1a3ment C02uture 1a3ment (01a3ment in due course ,7e Correct Answer is 4 (01a3ment in due course 8our Answer is Correct 8ou Answered (01a3ment in due course Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! #$0 ,o get t7e 1rotection under S D 1!1? a collecting bank 7as to collect a ;;;;;;2or credit o2 is customer Marks4 "5 16 A0stolen c7e<ue '0stale c7e<ue C01ostdated c7e<ue (0crossed c7e<ue ,7e Correct Answer is 4 (0crossed c7e<ue 8our Answer is Correct 8ou Answered (0crossed c7e<ue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! #10 Pa3ment o2 c7e<ue must be made b3 t7e banker wit7in banking 7ours0
Marks4 "5 16

,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! #"0 Pa3ment o2 a 1ostdated c7e<ue b3 a banker is in order0 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! #!0 A bearer c7e<ue is alwa3s 1a3able to bearer0

Marks4

"5 16

Marks4

"5 16

Page 23 of 38

,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! # 0 Pa3ment o2 a c7e<ue at a branc7 ot7er t7an t7e branc7 w7ere it is 1a3able? is in order0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! #&0 Sto11ed 1a3ment c7e<ues s7ould be 1aid b3 t7e banker0

Marks4

"5 16

,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! #%0 I2 a c7e<ue is stolen in transit and 1resented at t7e drawee bank b3 a 7older in due course case and i2 t7e c7e<ues is 1aid b3 t7e bank in due course in a case t7e drawee bank would be ;;;;;;;0 Marks4 "5 16 A0be 7eld liable '0would not be 7eld liable C0would be 2ound guilt3 ,7e Correct Answer is 4 '0would not be 7eld liable 8our Answer is Correct 8ou Answered '0would not be 7eld liable Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! #/0 w7ere t7e signature o2 t7e drawer o2 a c7e<ue is not genuine? suc7 a c7e<ue is called ;;;;;;;;;0 Marks4 "5 16 A01ost6dated c7e<ue '02orged c7e<ue C0clearing c7e<ue (0stale c7e<ue

Page 24 of 38

,7e Correct Answer is 4 '02orged c7e<ue 8our Answer is Correct 8ou Answered '02orged c7e<ue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! ##0 a 2orged c7e<ue is a valid c7e<ue0 Marks4

"5 16

,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! #.0 true owner o2 a c7e<ue will be entitled 2or 1a3ment even w7en t7e c7e<ue 7as been lost and it 7as reac7ed t7e 7ands o2 7older in due course0
Marks4 "5 16

,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! .$0 w7ere a 1erson 7as lost an article and i2 t7e article comes in 1rocession o2 a bona2ide 1urc7aser? t7e bona2ide 1urc7aser will not be entitled to t7e article0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Incorrect 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! .10 Section 1!# states t7at drawer o2 a c7e<ue is liable to be 1unis7ed i2 t7e c7e<ue is bounced 2or ;;;;;;;;;;;0 Marks4 "5 16 A0not crossing '0alteration in 2igures C0being 1ostdated (0insu22icient 2und ,7e Correct Answer is 4

(0insu22icient 2und

Page 25 of 38

8our Answer is Correct 8ou Answered (0insu22icient 2und Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! ."0 w7en a drawer draws a c7e<ue wit7out kee1ing su22icient balance and i2 t7e c7e<ue is dis7onoured 2or insu22icient 2unds? t7e drawer is 1unis7able wit7 and im1risonment w7ic7 ma3 extend to ;;;;;;;; and or a 2ine0
Marks4 "5 16

A0two mont7s '02our mont7 C0one 3ear ,7e Correct Answer is 4 C0one 3ear 8our Answer is Correct 8ou Answered C0one 3ear Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! .!0 (emand de1osits are t7ose w7ic7 can be wit7drawn ;;;;;;;;;;0
Marks4 "5 16

A0on demand '0at an3 2uture date C0a2ter one 3ear (0a2ter & 3ears ,7e Correct Answer is 4 A0on demand 8our Answer is Correct 8ou Answered A0on demand Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! . 0 Current de1osits are not entitled to ;;;;;;;;0

Marks4

"5 16

A0C7e<ue book '0Statements C0Customer service (0interest0 ,7e Correct Answer is 4 (0interest0 8our Answer is Correct 8ou Answered (0interest0 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! .&0 In savings de1osits interest is 1aid on ;;;;;;; balance in t7e aDc between 1$t7 to last working da3 o2 t7e mont7 Marks4 "5 16 A0maximum '0average

Page 26 of 38

C0minimum (0last balance ,7e Correct Answer is 4 C0minimum 8our Answer is Correct 8ou Answered C0minimum Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! .%0 Introduction in all de1osits accounts is ;;;;;;;;;

Marks4

"5 16

A0o1tional '0com1ulsor3 C0discretion o2 t7e bank ,7e Correct Answer is 4 '0com1ulsor3 8our Answer is Correct 8ou Answered '0com1ulsor3 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! ./0 A minor below age o2 / can o1en an account inde1endentl30

Marks4

"5 16

,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! .#0 B7en a customer dies contractual relations7i1 between t7e bank and t7e customer is terminated0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! ..0 A Bill need not be 1robated b3 a court0 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined

Marks4

"5 16

Page 27 of 38

Module 4 Module A C7a1ter 4 C7a1ter! 1$$0 I2 a customer tenders a c7e<ue 2or 1a3ment w7en 7e is drunk bank s7ould not 7ave witness at t7e time o2 signing and t7e 1a3ment0 Marks4
1
6

"5

,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1$10 A 1artner 7as no im1lied aut7orit3 to admit t7e liabilit3 in an3 suit client 2iled against t7e 2irm0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Incorrect 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1$"0 Public limited com1an3 s7ould 7ave a minimum o2 at least ;;;;;;;; members0 Marks4 "5 16 A0&$ '01& C0/ (0wit7out limit0 ,7e Correct Answer is 4 C0/ 8our Answer is Correct 8ou Answered C0/ Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1$!0 *overnment com1anies are com1anies w7ere t7e government 7olds at least ;;;;;;;; E s7are o2 t7e com1an30 Marks4 "5 16 A0#$ '0&$ C0/& (0&1 ,7e Correct Answer is 4 (0&1 8our Answer is Correct 8ou Answered (0&1 Ex1lanation 4 undefined

Page 28 of 38

Module 4 Module A C7a1ter 4 C7a1ter! 1$ 0 Section ;;;;;; o2 t7e com1an3 Act details t7e borrowing limits o2 t7e com1an30 Marks4 "5 16 A0#&AA> '0!1 C0".!A1> (0&Ab> ,7e Correct Answer is 4 C0".!A1> 8our Answer is Correct 8ou Answered C0".!A1> Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1$&0 ,7e ,rustees ;;;;;;;;; delegate t7eir 1owers0 A0can '0can not ,7e Correct Answer is 4 '0can not 8our Answer is Correct 8ou Answered '0can not Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1$%0 Execution o2 a will is entrusted to ;;;;;;;;;;

Marks4

"5 16

Marks4

"5 16

A0Administrator '07olding o2 1ower o2 attorne3 C0Executor (07older in due close0 ,7e Correct Answer is 4 C0Executor 8our Answer is Correct 8ou Answered C0Executor Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1$/0 Administrator is a 1erson a11ointed b3 ;;;;;;;;;; to look a2ter t7e 1ro1ert3 under letter o2 Administrator0 Marks4 "5 16 A0t7e government '0t7e Court C0t7e bank (0-'I ,7e Correct Answer is 4 '0t7e Court 8our Answer is Correct 8ou Answered '0t7e Court Ex1lanation 4 undefined

Page 29 of 38

Module 4 Module A C7a1ter 4 C7a1ter! 1$#0 ;;;;;;;;;; is a 1erson a11ointed b3 t7e Court to wind u1 t7e com1an30 Marks4 "5 16 A0Administrator '0Executor C0-egistrar (0li<udator ,7e Correct Answer is 4 (0li<udator 8our Answer is Correct 8ou Answered (0li<udator Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1$.0 t7e 1erson a11ointed b3 t7e court to look a2ter t7e 1ro1ert3 under letter o2 administrator is executor Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 11$0 t7e 1erson w7o is entrusted wit7 t7e work o2 execution o2 t7e will is called executor0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1110 ,rustees cannot delegate t7eir 1owers0

Marks4

"5 16

,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 11"0 No loans s7ould be granted to clubs and associations

Marks4

"5 16

Page 30 of 38

,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 11!0 ".! Ai>Ad> o2 com1an3 Act sti1ulates t7e borrowing limit o2 a limited com1an30 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 11 0 Memorandum o2 Association sti1ulates internal rules o2 a com1an3
Marks4 "5 16

,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 11&0 Article o2 Association la3s down obCects o2 t7e com1an30

Marks4

"5 16

,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Incorrect 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 11%0 N-N- F )CN- A'> accounts can be ke1t in t7e 2rom o2 ;;;;;;;;; de1osits Marks4 "5 16 A0,erm (e1osits '0Current (e1osits C0Saving (e1osits (0-ecurring (e1osits ,7e Correct Answer is 4

A0,erm (e1osits

Page 31 of 38

8our Answer is Correct 8ou Answered A0,erm (e1osits Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 11/0 Accounts Cointl3 wit7 residents can be o1ened in t7e case o2 ;;;;;;;;;; accounts0 Marks4 "5 16 A0)CN- A'> and N-E '0N-O and N-N,7e Correct Answer is 4 '0N-O and N-N8ou did not answer t7e <uestion0 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 11#0 Accounts Cointl3 wit7 residents cannot be o1ened in t7e case o2 ;;;;;;;;;; accounts0 Marks4 "5 16 A0)CN- A'> and N-E '0N-O and N-N,7e Correct Answer is 4 A0)CN- A'> and N-E 8our Answer is Incorrect 8ou Answered '0N-O and N-NEx1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 11.0 ,7e term Non6resident Indian means an individual being a citiGen o2 India or a 1erson o2 Indian origin outside India0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1"$0 )CN- A'> account can be ke1t in t7e Current? Saving and -ecurring (e1osits0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter!

Page 32 of 38

1"10 -ate o2 interest 1a3able on N-O? N-E and )CN- (e1osits are le2t to t7e discretion o2 'anks0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1""0 ,7e banker s7ould not ;;;;;;;; t7e account o2 7is customer unless t7ere is Custi2iable reason 2or t7e closure0 Marks4 "5 16 A0close '0o1en C0trans2er ,7e Correct Answer is 4 A0close 8our Answer is Correct 8ou Answered A0close Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1"!0 Passbook is a ;;;;;;; o2 transactions between t7e customer and t7e bank0 Marks4 "5 16 A0basis '0source C0record (0root ,7e Correct Answer is 4 C0record 8our Answer is Correct 8ou Answered C0record Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1" 0 B7en account is 2ollowing is closed b3 t7e bank? 1ro1er;;;;;;;; s7ould be given to t7e customer Marks4 "5 16 A0t7anks letter '0guarantee C0notice (0demand ,7e Correct Answer is 4 C0notice 8our Answer is Correct 8ou Answered C0notice Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter!

Page 33 of 38

1"&0 Passbook is a co13 o2 t7e customer:s account0

Marks4

"5 16

,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Correct 8ou Answered ,rue Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1"%0 B7en a banker closes t7e account o2 t7e customer 7e is not re<uired to send an3 notice0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1"/0 B7en a banker o2 a 1artners7i1 account w7o 7as got an account wit7 t7e bank? dies t7e bank s7ould close t7e account0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 ,rue 8our Answer is Incorrect 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1"#0 B7en banker receives intimation o2 deat7 o2 t7e customer? account is allowed to continue0 Marks4 "5 16 ,rue )alse ,7e Correct Answer is 4 )alse 8our Answer is Correct 8ou Answered )alse Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1".0 ,7e 1resent C-- and S=- re<uirements are ;;;;;;;; ? res1ectivel30
Marks4 "5 16

A0"$E and $E '0!E and "&E C0&E and !$E

Page 34 of 38

,7e Correct Answer is 4 '0!E and "&E 8our Answer is Incorrect 8ou Answered C0&E and !$E Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1!$0 Present minimum ca1ital ade<uac3 ratio is .E o2

Marks4

"5 16

A0,otal liabilities '0,otal assets C0,otal risk weig7ted assets ,7e Correct Answer is 4 C0,otal risk weig7ted assets 8our Answer is Correct 8ou Answered C0,otal risk weig7ted assets Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1!10 New Prudential Accounting Norms cover Marks4 "5 16 A0interest rates '0Met7od o2 lending C0(e1osits (0Ca1ital ade<uac3? income recognition? Assets classi2ication and Provisioning ,7e Correct Answer is 4 (0Ca1ital ade<uac3? income recognition? Assets classi2ication and Provisioning 8our Answer is Correct 8ou Answered (0Ca1ital ade<uac3? income recognition? Assets classi2ication and Provisioning Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1!"0 A borrowal account is designated as non 1er2orming asset w7en t7e interest andDor instalment remains un1aid 2or Marks4 "5 16 A01 <uarter '0" <uarters C0! <uarters (0 <uarters ,7e Correct Answer is 4 '0" <uarters 8our Answer is Incorrect 8ou Answered A01 <uarter Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter! 1!!0 -'I ensures t7at banks o1erate wit7in set norms b3 conducting ;;;;;;;;; ins1ections and ;;;;;;;;; monitoring0 Marks4 "5 16 A0on6site? o226site

Page 35 of 38

'02ield? commodit3 1rices C0stock? stock market ,7e Correct Answer is 4 A0on6site? o226site 8our Answer is Correct 8ou Answered A0on6site? o226site Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter 1! 0 On6site ins1ection is 2ollowed b3 Marks4

"5 16

A0su1ervisor3 letter '0renewal o2 licence C02res7 audit ,7e Correct Answer is 4 A0su1ervisor3 letter 8our Answer is Incorrect 8ou Answered '0renewal o2 licence Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter 1!&0 Quarterl3 on6site visits are undertaken in res1ect o2

Marks4

"5 16

A0all banks '0urban co6o1erative banks C0newl3 licensed banks during 2irst 3ear ,7e Correct Answer is 4 C0newl3 licensed banks during 2irst 3ear 8our Answer is Correct 8ou Answered C0newl3 licensed banks during 2irst 3ear Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter 1!%0 )re<uenc3 o2 )irst ,ranc7e -eturns is Marks4 "5 16 A0mont7l3 '0mont7l3 D <uarterl3 C0mont7l3 D <uarterl3 D 7al263earl3 ,7e Correct Answer is 4 C0mont7l3 D <uarterl3 D 7al263earl3 8our Answer is Incorrect 8ou Answered '0mont7l3 D <uarterl3 Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter 1!/0 Second ,ranc7e o2 OSMOS returns cover Marks4 "5 16 A0asset <ualit3 '0li<uidit3 and interest rate ex1osures C0owners7i1 1attern o2 de1osits ,7e Correct Answer is 4 '0li<uidit3 and interest rate ex1osures 8our Answer is Incorrect 8ou Answered C0owners7i1 1attern o2 de1osits

Page 36 of 38

Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter 1!#0 @nder Section !/ o2 t7e 'anking -egulation Act? a moratorium order can be issued b3 t7e +ig7 Court 2or a maximum total 1eriod o2 Marks4 "5 16 A0one mont7 '0six mont7 C0one 3ear ,7e Correct Answer is 4 '0six mont7 8our Answer is Incorrect 8ou Answered C0one 3ear Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter 1!.0 B7en a banking com1an3 is 1laced under moratorium under Section o2 '0-0Act? t7e -'I must 1re1are a sc7eme Marks4 "5 16

&

A0H-S 2or sta22 '0ca1ital bu3 back C0reconstruction o2 t7e com1an3 or amalgamation wit7 an3 ot7er bank ,7e Correct Answer is 4 C0reconstruction o2 t7e com1an3 or amalgamation wit7 an3 ot7er bank 8our Answer is Correct 8ou Answered C0reconstruction o2 t7e com1an3 or amalgamation wit7 an3 ot7er bank Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter 1 $0 An order 2or winding u1 a banking com1an3 can be issued b3 Marks4 "5
16

A0t7e +ig7 Court '0t7e -'I C0t7e Central *overnment ,7e Correct Answer is 4 A0t7e +ig7 Court 8our Answer is Correct 8ou Answered A0t7e +ig7 Court Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter 1 10 Princi1al 2unction o2 banks are 4 Marks4

"5 16

A0acce1ting de1osits '0lending and investing C0non 2und business and remittance services (0all o2 above ,7e Correct Answer is 4 (0all o2 above

Page 37 of 38

8our Answer is Correct 8ou Answered (0all o2 above Ex1lanation 4 undefined Module 4 Module A C7a1ter 4 C7a1ter

Page 38 of 38