Professional Documents
Culture Documents
Question Paper 1
Question Paper 1
10 A bill dated 22-11-2002 is payable 1 month after date. The bill will mature on
1] 24-12-2002 2] 25-12-2002 3] 26-12-2002 4] 22-12-2002
11 A cheque drawn payable to A or B or order is presented across the counter for
payment by B alone
1] The cheque is to be returned as it can not be drawn payable to A or B.2]
Payment can be made after properly identifying B 3] Payment should be
refused unless B produces the death certificate of A 4] Payment can be made
with the consent of A only
12 A cheque for RS 10000/- has been presented in clearing and the cheque has
been debited to the respective account. You receive a stop payment
instruction from the drawer before the returns are sent by the branch. In this
situation You will 1] return the cheque after cancelling the debit entry 2] since
account is already debited you can not accept stop payment instruction. 3] It
is up to the banker to decide 4] none of the above
13 A cheque drawn on account on which garnishee order is served .The cheque
should be returned with the remark
1] Garnishee order received 2] refer to drawer 3] account attached 4] orders
not to pay
14 A is having a current account and the minimum balance required is Rs5000/.
The present balance is Rs 6000/-.A cheque is presented in clearing for Rs
6000/- Now
1] You will return the cheque 2] You will pass the cheque 3] You will pass the
cheque and close the account 4] None of the above
15 In a bill the name of the “drawee in case of need” is mentioned. When it was
presented to the drawee it was dishonoured. Now the bill is said to be
dishonoured
1] Since it was dishonoured by the drawee 2] only after it is presented to the
drawee in case of need and dishonoured by him 3] It is not compulsory to
present it to drawee in case of need 4] none of the above
16 With the amendment to N.I act on 01-04-1989(sec 138)
Dishonour of cheques for insufficiency of funds is deemed an offence. the
drawer of the cheque may be punished
1] Imprisonment for a term up to 1year or fine upto twice the amount of the
cheque or with both
2] Imprisonment for a term of 2 years 3] fine up to thrice the cheque amount
4] imprisonment upto 2 years or fine which may extend to twice the amount of
the amount of cheque or with both
17 Which of the following is a foreign bill
1] A bill drawn in sets 2] A bill drawn at Chennai on a party in Calcutta and
payable at Colombo 3] a bill drawn at Mumbai on a party in Newyork payable
at New Delhi 4] none of the above
18 Order instruments are negotiated by
1] Endorsement 2] delivery 3] endorsement & delivery 4] an order instrument
can not be negotiated
28 A has got a term loan account and the balance of Rs 10000/-has been
recalled .You receive a garnishee order from court for RS 10000/ attaching
the credit balance of RS 10000/- maintained by A. you will
1] Exercise right of set off against the credit balance and inform the court
accordingly 2] comply with the court order 3] remit 50% and appropriate 50 %
towards loan account 4] seek instructions from court
29 Satish is having a saving account and he is also attorney of saving account
holder B. You receive the notice of death of Mr. Satish. Two cheques signed
by Satish one in his saving account and the other one in the account of B are
presented in clearing. You will
1] return both the cheques 2]pass both the cheques 3]pass the cheque of
account B and return the cheque of Satish account4] pass the cheque of
Satish account and return the cheque of account B
30 A cheque dated 20-05-2008 was paid on 10-05-2008.The account holder
gives stop payment instruction of the above cheque on 15-05-2008.The bank
1] will refuse to accept the instruction as the cheque is already paid.
2] Will refuse as per the recent Supreme court Judgement
3]will refuse as issuance of post dated cheque is illegal 4]will accept the stop
payment instruction
31 A taxi is financed by bank and it is hypothecated to bank. The taxi met with an
accident and the passengers were injured. Compensation can be
1] claimed from the bank 2] can not be claimed from bank 3] claimed equally
from Bank & Owner 4] Bank should pay the compensation and recover from
the owner.
90 Mr. Goodwill and Mr. Tang are having a joint FDR account with operational
instructions of ‘former or survivor’. Mr. Goodwill visits your branch and
request for a loan against the FDR. Meanwhile, Mr. Tang calls up the branch
and requests you not to give loan to Mr. Goodwill due to his old age as he
behaves abnormal at times.. You will:
1) Refuse the loan without the joint discharge of Goodwill and Tang
2) Goodwill will be given loan without the consent/discharge by Tang
3) Goodwill will be given loan if he produces the medical certificate of
his sound mind
4) None of the above
91 In Annual information Return in form 61A ,the banks (other than RBI) have to
report
1) cash deposits in an account for a FY is 10 lakhs or more 2) cash deposits
in a FY is 10 lakhs or more in a SAVINGS account 3)Credit card transaction in
a FY is 2 lakhs or more 4) Purchase of RBI bonds for Rs 5 lakhs and above in a
FY 5) 1 to 4 6) 2 & 3 only
92 An illeterate NRI working in Gulf, on his temporary visit to India approaches
your branch and wants to open a Non Resident account. Which of the
following account will not be allowed:
1) NRE 2) FCNR 3) NRO 4) RFC
93 In which of the following nomination facility is not allowed :
1) Non Resident Ordinary account 2) Non- Resident External account 3)
FCNR 4) Resident Foreign Current account 5) None of the above
94 Ajay endorses the cheque in favour of Bhawana who further endorses the
cheque to Chetna. However Bhawana dies before handling over the
instrument to Chetna. How can the executor of Bhawana transfer the cheque
to Chetna?
1) Fresh endorsement 2) Delivery only 3) Re-endorsement and
delivery 4)None of the above
95 Mr. Arrogant is having a current overdraft account showing overdraft of
Rs.850/- Inspite of repeated request he failed to adjust the account The
counter clerk informs you that Mr. Arrogant is having a saving bank account
with the branch, which is showing a balance of Rs.1050/-. On the instructions
of the Manager, the amount outstanding in OD account is adjusted by transfer
from saving bank account. The Manager has exercised the:
1) Right of Set-off 2) Bankers lien 3) Bankers right of appropriation
4) Bankers special lien
96 Stamp Duty applicable on a promissory note payable otherwise than on
demand depends on:
1) Amount only 2) Tenor only 3) Amount and as per state Stamp Act
4) Amount and usance period
97 Bank’s Lien is :
1) Contigent Lien 2) Particular Lien 3) General Lien
4) B and C 5) All of the above
98 High value clearing refers to cheques of:
Rs.1,00,000 and above 2) Rs.50,000 and above
Rs.10,00,000 and above 4) None of these
99 A valued customer Sh. Rammohan had taken loan against National Savings
Certificate from your branch Sh. Rammohan had made nomination in favour
of his wife. The bank before giving the loan had got the lien marked at the
post office. You are now informed that Mr. Rammohan has since expired.
How will you recover the amount:
1) The nominee will be asked to adjust the account
2) Legal heirs will be served the notice of the outstanding liability and
for its adjustment
3) Bank will present the NSC directly to post office and claim the
amount for adjustment of the loan
4) Any of the above
100 Under which of the following documents the bank collects supply bills:
1) Mandate 2) Letter of Authority 3) Indemnity Bond 4) Power of Attorney
Answers :
1 2 51 3
2 2 52 2
3 2 53 4
4 2 54 2
5 4 55 2
6 1 56 4
7 4 57 3
8 4 58 4
9 1 59 2
10 1 60 2
11 2 61 3
12 1 62 2
13 2 63 2
14 2 64 1
15 2 65 1
16 4 66 4
17 4 67 4
18 3 68 4
19 2 69 1
20 4 70 2
21 2 71 4
22 2 72 1
23 2 73 2
24 5 74 2
25 3 75 1
26 4 76 1
27 2 77 2
28 1 78 4
29 3 79 5
30 4 80 3
31 2 81 1
32 3 82 1
33 2 83 3
34 1 84 3
35 3 85 2
36 2 86 4
37 2 87 2
38 2 88 2
39 1 89 2
40 2 90 2
41 2 91 6
42 3 92 4
43 3 93 5
44 4 94 3
45 3 95 1
46 4 96 4
47 4 97 3
48 2 98 1
49 3 99 3
50 1 100 4