Banking Questions.docx

8/13/2019 Banking Questions.docx

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ASIBAS, Amity University

NAME: _______________ SEM & SEC: __________ DATE: __________

1 Clayton's Rule relates to _________________

2

A contract with minor is (a) void ab initio (b) Invalid but he can ratify on attaining majority (c) valid if

his guardian ratifies (d) is valid if all his family members give consent to it.

3 A minor of _____ years can open Savings Bank Account

4 Valid document available to the Bank for customer identification _______

5 The partnership firm must be registered True/False

6

The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right of appropriation (d)

Both (b) and ( c)

7 Attachment order is issued by ________

8 Order Nisi is issued by _________

9

Which of these meet requirement of definition of customer of a bank (a) a person regularly visiting

bank (b) a person regularly getting bank draft issued from bank (c) a person maintaining current

account with bank (d) a person getting bank draft cancelled. (e) none of these.

10

The banker is supposed to disclose information about customer under the Act (a) Negotiable

Instrument Act (b) RBI Act (c)Banking Regulation Act (d) Bankers Book Evidence Act.

11 Bank cannot discount bills for his customers True/False

12

Banker is having right of (a) General Lien (b) Particular lien (c) to close the account of customer

without giving notice to him

13 A Minor cannot cannot become partner in a partnership firm for his benefits True/False

14 When a Banker allows an overdraft in a Current Account, the relationship is of a ___________

15

Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is

_______________

16 Relationship between Banker and Customer in case of Safe Custody ______

17 Government companies are those companies where the government holds at least ____ % shares.

18

Ramesh deposits cheque for collection and bank slows credit to savings bank account against this

cheque. Now bank receives Garnishee order in the account. (a) It will not apply (b) The bank would

ask Ramesh (c) The order will apply (d) none of these19 As on date Bank Rate is ________

20 Right of set off is exercisable where the relationship is of _______

21

A banker has been defined in (a) Banking Regulation Act (b) Negotiable Instrument Act (c) RBI Act

(d) Indian Contract Act (e) Bankers Book Evidence Act

22 Reserve Bank of India Act was enacted in the year _______

23 Monetary and Credit Policy is issued by _______ each year _____ times.

24 Maximum number of shareholder in Pvt Ltd Company _____

25

The bank can disclose the customer information when information is demanded by his guarantor

True/False

26 Document which stipulates internal rules of company ________27 Right to combine two accounts by bank is called _____

28

Upon the death of the depositor, the legal heirs have been paid the amount of claim. Subsequently an

attachment order has been received in the name of deceased depositor. (a) the order is applicable on

legal heirs (b) the order is applicable if served on legal heirs. (c) the order is not applicable. (d) thebank will approach court in such a case.

29 The account is operated by _______ in Joint Hindu Family Account

30

Head office of ABC Bank located in Delhi receives a garnishee order. (a) the order will apply to

branches in Delhi only (b) the order is invalid as it should have been served to concerned branch only

(c) the order will be returned back to make it specific. (d) the order shall apply to all branches of ABC

Bank

31 What is the relationship between banker and a customer in case of safe custody of articles (a) bailer


2/24


NAME: _______________ SEM & SEC: __________ DATE: __________

and bailee (b) bailee and bailor(c) agent principle (d) landlord and tenant (e) debtor and creditor

32 E banking service based on voice processing facility _____

33 In case of Safe Deposit Vault, the relationship between banker and customer is of _____________

34

Right of set off of a banker has been conferred on the banks in (a) Negotiable Instrument Act (b)

Indian Contract Act (c) RBI Act (d) Civil Procedure Code (e) Banking Regulation Act

35 Minimum number of directors in a Public Limited Company_____

36

In case of collection of cheques and bills the relationship between banker with the customer is of (a)

Banker as agent (b) Banker as trustee (c)Banker as debtor (d) Banker as bailor

37

A Company is an artificial person. Therefore, the company can be a member of Partnership Firm

True/False

38

Lien is defined in (a) Section 172 of Indian Contract Act (b) Banking Regulation Act (c) Bankers

Book evidence Act. (d) Section 170 of Indian Contract Act

39 Minor is incompetent to enter into contract. So he cannot become endorsee True/False

40

Your bank has received attachment order from Income Tax Department. (a) You will exercise your

right set off in respect of existing claims against the customer. (b) your right of set off becomes

ineffective (c) You will approach to court for suitable order in your favour for exercising right of set

off. (d) none of the these


3/24


NAME: _______________ SEM & SEC: __________ DATE: __________

1

What is the relationship between banker and a customer in case of safe custody of articles

(a) bailer and bailee (b) bailee and bailor(c) agent principle (d) landlord and tenant (e)debtor and creditor

2The bank can disclose the customer information when information is demanded by hisguarantor True/False


4

Ramesh deposits cheque for collection and bank slows credit to savings bank accountagainst this cheque. Now bank receives Garnishee order in the account. (a) It will not apply

(b) The bank would ask Ramesh (c) The order will apply (d) none of these

5


_______________

6

When a Banker allows an overdraft in a Current Account, the relationship is of a

___________

7

In case of collection of cheques and bills the relationship between banker with the customer

is of (a) Banker as agent (b) Banker as trustee (c)Banker as debtor (d) Banker as bailor



10

Right of set off of a banker has been conferred on the banks in (a) Negotiable Instrument

Act (b) Indian Contract Act (c) RBI Act (d) Civil Procedure Code (e) Banking Regulation

Act



13

Your bank has received attachment order from Income Tax Department. (a) You will

exercise your right set off in respect of existing claims against the customer. (b) your rightof set off becomes ineffective (c) You will approach to court for suitable order in your

favour for exercising right of set off. (d) none of the these

14

Government companies are those companies where the government holds at least ____ %

shares.

15

Head office of ABC Bank located in Delhi receives a garnishee order. (a) the order will

apply to branches in Delhi only (b) the order is invalid as it should have been served to

concerned branch only (c) the order will be returned back to make it specific. (d) the ordershall apply to all branches of ABC Bank

16In case of Safe Deposit Vault, the relationship between banker and customer is of_____________

17Banker is having right of (a) General Lien (b) Particular lien (c) to close the account ofcustomer without giving notice to him


19 E banking service based on voice processing facility _____20 Minor is incompetent to enter into contract. So he cannot become endorsee True/False



23

The banker is supposed to disclose information about customer under the Act (a)

Negotiable Instrument Act (b) RBI Act (c)Banking Regulation Act (d) Bankers BookEvidence Act.

24The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right ofappropriation (d) Both (b) and ( c)

25

Upon the death of the depositor, the legal heirs have been paid the amount of claim.

Subsequently an attachment order has been received in the name of deceased depositor. (a)

the order is applicable on legal heirs (b) the order is applicable if served on legal heirs. (c)


4/24


NAME: _______________ SEM & SEC: __________ DATE: __________

the order is not applicable. (d) the bank will approach court in such a case.



28

Which of these meet requirement of definition of customer of a bank (a) a person regularly

visiting bank (b) a person regularly getting bank draft issued from bank (c) a person

maintaining current account with bank (d) a person getting bank draft cancelled. (e) none ofthese.




32A contract with minor is (a) void ab initio (b) Invalid but he can ratify on attaining majority(c) valid if his guardian ratifies (d) is valid if all his family members give consent to it.

33A Company is an artificial person. Therefore, the company can be a member of PartnershipFirm True/False

34Lien is defined in (a) Section 172 of Indian Contract Act (b) Banking Regulation Act (c)Bankers Book evidence Act. (d) Section 170 of Indian Contract Act


36 As on date Bank Rate is ________


38A banker has been defined in (a) Banking Regulation Act (b) Negotiable Instrument Act (c)RBI Act (d) Indian Contract Act (e) Bankers Book Evidence Act

39 Document which stipulates internal rules of company ________

40 Right to combine two accounts by bank is called _____


5/24


NAME: _______________ SEM & SEC: __________ DATE: __________


2


shares.

3

The bank can disclose the customer information when information is demanded by his

guarantor True/False

4 A Minor cannot cannot become partner in a partnership firm for his benefits True/False5 Reserve Bank of India Act was enacted in the year _______



8

A Company is an artificial person. Therefore, the company can be a member of Partnership

Firm True/False


10




12 Banker is having right of (a) General Lien (b) Particular lien (c) to close the account ofcustomer without giving notice to him


14


___________







21

The banker is supposed to disclose information about customer under the Act (a)Negotiable Instrument Act (b) RBI Act (c)Banking Regulation Act (d) Bankers Book

Evidence Act.

22


_______________

23



the order is applicable on legal heirs (b) the order is applicable if served on legal heirs. (c)the order is not applicable. (d) the bank will approach court in such a case.


25 Attachment order is issued by ________26 Clayton's Rule relates to _________________

27


Act (b) Indian Contract Act (c) RBI Act (d) Civil Procedure Code (e) Banking RegulationAct

28

The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right of

appropriation (d) Both (b) and ( c)

29




30 In case of Safe Deposit Vault, the relationship between banker and customer is of


6/24


NAME: _______________ SEM & SEC: __________ DATE: __________

_____________

31

Ramesh deposits cheque for collection and bank slows credit to savings bank account

against this cheque. Now bank receives Garnishee order in the account. (a) It will not apply(b) The bank would ask Ramesh (c) The order will apply (d) none of these

32


apply to branches in Delhi only (b) the order is invalid as it should have been served toconcerned branch only (c) the order will be returned back to make it specific. (d) the order

shall apply to all branches of ABC Bank

33

Lien is defined in (a) Section 172 of Indian Contract Act (b) Banking Regulation Act (c)

Bankers Book evidence Act. (d) Section 170 of Indian Contract Act


35





37


(a) bailer and bailee (b) bailee and bailor(c) agent principle (d) landlord and tenant (e)

debtor and creditor


39

A contract with minor is (a) void ab initio (b) Invalid but he can ratify on attaining majority

(c) valid if his guardian ratifies (d) is valid if all his family members give consent to it.



7/24


NAME: _______________ SEM & SEC: __________ DATE: __________



3




5

Ramesh deposits cheque for collection and bank slows credit to savings bank accountagainst this cheque. Now bank receives Garnishee order in the account. (a) It will not apply(b) The bank would ask Ramesh (c) The order will apply (d) none of these


7


Evidence Act.

8



debtor and creditor

9

Right of set off of a banker has been conferred on the banks in (a) Negotiable InstrumentAct (b) Indian Contract Act (c) RBI Act (d) Civil Procedure Code (e) Banking RegulationAct

10

Your bank has received attachment order from Income Tax Department. (a) You willexercise your right set off in respect of existing claims against the customer. (b) your right

of set off becomes ineffective (c) You will approach to court for suitable order in your


11


Firm True/False


13

In case of Safe Deposit Vault, the relationship between banker and customer is of

_____________




17






21


Subsequently an attachment order has been received in the name of deceased depositor. (a)the order is applicable on legal heirs (b) the order is applicable if served on legal heirs. (c)



23


visiting bank (b) a person regularly getting bank draft issued from bank (c) a personmaintaining current account with bank (d) a person getting bank draft cancelled. (e) none of

these.

24When a Banker allows an overdraft in a Current Account, the relationship is of a___________

25

A banker has been defined in (a) Banking Regulation Act (b) Negotiable Instrument Act (c)

RBI Act (d) Indian Contract Act (e) Bankers Book Evidence Act


8/24


NAME: _______________ SEM & SEC: __________ DATE: __________

26


shares.




30 A minor of _____ years can open Savings Bank Account31 Monetary and Credit Policy is issued by _______ each year _____ times.

32



33



34






37


_______________





9/24


NAME: _______________ SEM & SEC: __________ DATE: __________




4

















18In case of collection of cheques and bills the relationship between banker with the customeris of (a) Banker as agent (b) Banker as trustee (c)Banker as debtor (d) Banker as bailor

19



20


shares.

21


Negotiable Instrument Act (b) RBI Act (c)Banking Regulation Act (d) Bankers Book

Evidence Act.

22







26



27






10/24


NAME: _______________ SEM & SEC: __________ DATE: __________

28





31



32



these.

33


_______________

34



Act



37







11/24


NAME: _______________ SEM & SEC: __________ DATE: __________





5




7


Firm True/False


9



10


against this cheque. Now bank receives Garnishee order in the account. (a) It will not apply


11


_______________


13



14





15

What is the relationship between banker and a customer in case of safe custody of articles(a) bailer and bailee (b) bailee and bailor(c) agent principle (d) landlord and tenant (e)

debtor and creditor


17






21


of set off becomes ineffective (c) You will approach to court for suitable order in yourfavour for exercising right of set off. (d) none of the these

22


_____________

23



these.


25





12/24


NAME: _______________ SEM & SEC: __________ DATE: __________


28


shares.


30


___________31 Minimum number of directors in a Public Limited Company_____

32




34

Head office of ABC Bank located in Delhi receives a garnishee order. (a) the order willapply to branches in Delhi only (b) the order is invalid as it should have been served to

concerned branch only (c) the order will be returned back to make it specific. (d) the order









13/24


NAME: _______________ SEM & SEC: __________ DATE: __________

1



2




4 A Minor cannot cannot become partner in a partnership firm for his benefits True/False5 The account is operated by _______ in Joint Hindu Family Account



8


shares.


10



Act

11







16




18


_______________

19


___________



22



23


Subsequently an attachment order has been received in the name of deceased depositor. (a)the order is applicable on legal heirs (b) the order is applicable if served on legal heirs. (c)the order is not applicable. (d) the bank will approach court in such a case.


25

Banker is having right of (a) General Lien (b) Particular lien (c) to close the account of

customer without giving notice to him


27



Evidence Act.



14/24


NAME: _______________ SEM & SEC: __________ DATE: __________


30






33


exercise your right set off in respect of existing claims against the customer. (b) your right

of set off becomes ineffective (c) You will approach to court for suitable order in yourfavour for exercising right of set off. (d) none of the these



36






39





15/24


NAME: _______________ SEM & SEC: __________ DATE: __________

1





4



5






9

Right of set off of a banker has been conferred on the banks in (a) Negotiable InstrumentAct (b) Indian Contract Act (c) RBI Act (d) Civil Procedure Code (e) Banking Regulation

Act


11


___________


13



14



debtor and creditor

15





17


shares.



20


Firm True/False

21


Bankers Book evidence Act. (d) Section 170 of Indian Contract Act22 E banking service based on voice processing facility _____

23




24

Upon the death of the depositor, the legal heirs have been paid the amount of claim.Subsequently an attachment order has been received in the name of deceased depositor. (a)the order is applicable on legal heirs (b) the order is applicable if served on legal heirs. (c)


25




16/24


NAME: _______________ SEM & SEC: __________ DATE: __________





30




32




34






38


_______________


40





17/24


NAME: _______________ SEM & SEC: __________ DATE: __________


2



3


appropriation (d) Both (b) and ( c)4 The account is operated by _______ in Joint Hindu Family Account




8






12






14


_____________

15


_______________

16



these.



19



Evidence Act.





24







18/24


NAME: _______________ SEM & SEC: __________ DATE: __________

28


shares.

29



the order is not applicable. (d) the bank will approach court in such a case.30 Relationship between Banker and Customer in case of Safe Custody ______



33





34






38




40




19/24


NAME: _______________ SEM & SEC: __________ DATE: __________

1



2



3


_____________4 As on date Bank Rate is ________

5Government companies are those companies where the government holds at least ____ %shares.



8


_______________




12





15


Evidence Act.

16





18


Act




22 Order Nisi is issued by _________23 Right of set off is exercisable where the relationship is of _______

24

Which of these meet requirement of definition of customer of a bank (a) a person regularlyvisiting bank (b) a person regularly getting bank draft issued from bank (c) a person

maintaining current account with bank (d) a person getting bank draft cancelled. (e) none of

these.

25




26




20/24


NAME: _______________ SEM & SEC: __________ DATE: __________



27



28 The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right ofappropriation (d) Both (b) and ( c)





33







38




40


___________


21/24


NAME: _______________ SEM & SEC: __________ DATE: __________


2



these.


4







7



8





11


_______________

12




14





17




18



19


___________

20Government companies are those companies where the government holds at least ____ %shares.

21






25



26


_____________

27 Right of set off of a banker has been conferred on the banks in (a) Negotiable Instrument


22/24


NAME: _______________ SEM & SEC: __________ DATE: __________


Act




31 Relationship between Banker and Customer in case of Safe Custody ______32 Reserve Bank of India Act was enacted in the year _______

33




34



debtor and creditor





39


Evidence Act.

40


Firm True/False


23/24


NAME: _______________ SEM & SEC: __________ DATE: __________



3




favour for exercising right of set off. (d) none of the these4 Reserve Bank of India Act was enacted in the year _______


6



7


_______________






13

What is the relationship between banker and a customer in case of safe custody of articles(a) bailer and bailee (b) bailee and bailor(c) agent principle (d) landlord and tenant (e)

debtor and creditor

14



15



16 Relationship between Banker and Customer in case of Safe Custody ______17 Minor is incompetent to enter into contract. So he cannot become endorsee True/False

18





20

Which of these meet requirement of definition of customer of a bank (a) a person regularlyvisiting bank (b) a person regularly getting bank draft issued from bank (c) a person

maintaining current account with bank (d) a person getting bank draft cancelled. (e) none of

these.

21 Monetary and Credit Policy is issued by _______ each year _____ times.22 Right to combine two accounts by bank is called _____

23





26


Firm True/False

27


shares.

28 Ramesh deposits cheque for collection and bank slows credit to savings bank account


24/24


NAME: _______________ SEM & SEC: __________ DATE: __________

against this cheque. Now bank receives Garnishee order in the account. (a) It will not apply


29



30 Attachment order is issued by ________31 Document which stipulates internal rules of company ________



34


Act




38




39


___________


Documents

Banking Questions.docx