BANKING QUIZ - 47 FOR IBPS-PO & CLERK EXAM
1. On which of the
following types of cheques alterations are not allowed by RBI?
(a)
Paper cheque
(b)
Electronic cheque
(c)
CTS cheque
(d)
Cheque with account payee crossing
2. “Hot money” refers
to?
(a)
Capital which is frequently transferred between financial institutions in an
attempt to maximize interest or capital
gain.
(b)
Money earned through speculative transactions
(c)
Money used to hoard scarce commodities
(d)
Money earned through illegal transactions
3. Which of the
following is/are correct about the “Operational Risk” as used in the field of
banking?
A.
Risk of loss due to natural calamities
B.
Risk of loss due to inadequate or failed internal process
C.
Loss occurred due to non-compliance of legal procedures
D.
All of the Above
E.
None of the Above
4. When a corporate
entity wishes to raise money from the market it can do that by issuing
A.
Commercial Papers
B.
Kisan Vikas Patra
C.
National Savings Certificate
D.
Treasury Bills
E.
None of the Above
5. Head quarters of
National Council of Applied Economic Research (NCAER) is located in ______
A.
Mumbai
B.
Chennai
C.
Hyderabad
D.
New Delhi
E.
None of the Above
6. Which of the
following is the most active segment of the money market in India?
A.
Call Money
B.
Certificate of Deposit(CD)
C.
Commercial Paper(CP)
D.
All of the above
E.
None of the Above
7. SEPA Stands for
______
A.
Scottish Environment Protection Agency
B.
Single Euro Payments Agency
C.
Scottish Environment Protection Area
D.
Single Euro Payments Area
E.
None of the Above
8. Co-operative banks
are regulated by the Reserve Bank of India under _________
A.
Banking Regulation Act, 1949
B.
Banking Laws (Application to Co-operative Societies) Act, 1965
C.
Negotiable Instrument Act–1881
D.
Both (A) and (B)
E.
None of the Above
9. A negotiable
instrument delivered to a person conditionally or for safe custody, but not for
the purpose of negotiation is called _________.
A.
Escrow
B.
Protest
C.
Noting
D.
All of the Above
E.
None of the Above
10.__________ is the
process by which the ownership of the credit instrument is transferred from one
person to another.
A.
Assignment
B.
Negotiation
C.
Endorsement
D.
All of the Above
E.
None of the Above
ANSWER KEY
1.C,2.A,3.B,4.A,5.D,6.A,7.D,8.D,9.A,10.B,
