Banking Awareness Quiz: Set 321

1. Who among the following can file a suite against the drawer of a dishonoured cheque?
a) The payee
b) The holder in due course
c) The paying banker
d) The receiving banker
1. Both (a) and (b)
2. Both (a) and (c)
3. (a), (b) and (c)
4. All of the above
5. None of the above

2. What is the full form of FCCB?
1. Foreign Currency and Credit Bon
2. Frequent Credit Control Bond
3. Foreign Credit Currency Bond
4. Financial Credit and Cash Money Bond
5. Foreign Currency Convertible Bond

3. Doing Business Report is published by
1. World Trade Organisation
2. International Monetary Fund
3. Asian Development Bank
4. World Bank
5. UNCTAD

4. The holidays for the banks are declared as per which of the following acts?
1. Banking Regulation Act, 1949
2. Negotiable Instrument Act, 1881
3. Companies Act, 2013
4. RBI Act, 1934
5. None of these

5. Which of the following types of Account/s doesn’t come under the purview of RBI?
a) Salary Account
b) Demat Account
c) NRO Account
d) FCNR Account
1. Both (c) and (d)
2. (b), (c) & (d)
3. Only (b)
4. Only (c)
5. Only (d)

6. 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) Either a or b
e) None of the above

7. Payment of a cheque may be countermanded by the ___
a) Payee
b) Drawer
c) True owner
d) Drawee
e) None of these

8. J.S. Verma Committee Report relates to:
a) Strengthening of weak banks
b) Corporate Governance
c) Bank Mechanization
d) All of the above
e) None of the above

9. AUsance Bill when presented for acceptance has to be accepted/ dishonoured within:
a) 24 hours
b) 36 hours
c) 48 hours
d) 60 hours
e) 26 hours

10. Invoice is a:
a) Accounting document
b) Legal document
c) Commercial document
d) All of the above
e) None of the above