A-F (GB)

MCQ Question: 5 Marks ( 5 x 1 mark)

Ques. 1. For clearing a cheque , bank should put-

a. General Crossing b. Special Crossing

c. Either (a) or (b) d. None of the above

Ques. 2. Who are eligible for opening RFCD account?

a. Foreigners in Bangladesh b. Nonresident Bangladeshis

c. Resident Bangladeshis d. Any Bangladeshi travelling abroad

Ques. 3. Demand draft is :

a. Negotiable instrument b. Quasi negotiable instrument

c. Not negotiable instrument d. None of them

Ques. 4. Cheque is always payable

a. After expiry of the certain b period b. On demand

c. Post dated d. None of them

Ques. 5. Cancellation of crossing of cheque can be done by

a. Holder b. Payee
c. Drawer d. None of them

Ques. 6. Why introduction is necessary for opening an account?

a. For loss of Statutory Protection only b. For risk of issuing fake Cheque only
c. For risk Un-discharged Insolvent only d. For all of the above reasons

Ques. 7. What type of account ‘UCB Saving Plus’ is -

a. Savings Nature A/c b. FDR Scheme

c DPS d Special Scheme

a. Both of them b. None of the above

Ques. 8. Which of the following situation a banking company cannot pay any dividend to its shareholders?

a. Have loans to other banks b. High Defaulted loan rate

c. Paid-up capital is more than 400 crore d. All capitalized expenses have not been written off

What would be the effect on bank account, if a partner die, unless the partnership agreement
Ques. 9.
provides to the contrary-

a. Continue the account b. Close the account

c New account should be opened d Any one of the above with some conditions

Answer any 5 (Five) short questions: 15 Marks ( 5 x3 marks)

1. Define “endorsement”. Who can “Endorse” a cheque? What are the conditions for regular
endorsement?
2. What do you meant by “Authorized alternations? Explain with examples.
3. Compare and contrast between traditional functions and modern functions performed by
commercial banks in Bangladesh.
4. Sate the duties, responsibilities, and liabilities of a paying banker in payment of cheques.
5. Write the situation when a partnership firm will dissolve.
6. Write down short elaboration of the following:

a) MICR b) STR c) BEFT

7. State the functions of cash department. Distinguish between Bill of Exchange & Cheque.