Govt Exams Adda: Banking and Financial Awareness Quiz No. 6

Banking and Financial Awareness Quiz No. 6

Greetings to all members of GEA family, Banking and Finance Quiz No. 6 has been uploaded for practice.
Enjoy.

Instruction:

Total questions : 15.
Time alloted : 5 minutes.
1 mark for every correct answer.
Negative marking of , 0.25 mark for every wrong question.
Click on Start button below to start your quiz.
Test will be submitted automatically if the time expired.
Click on Get Result button at the last of the quiz to submit your answers.

1. Which of the following instruments cannot be presented for payment in a clearing house ?

A.	Demand draft	B.	Fixed deposit receipt
C.	Dividends	D.	All of the above
E.	None of these

2. Which of the following schemes available in the financial markets is not meant for investment purposes ?

A.	National savings certificates	B.	Infrastructure bonds
C.	Mutual funds	D.	Letter of credit
E.	None of these

3. Interest payable in savings account is ____________?

A.	not regulated by RBI	B.	regulated by central government
C.	regulated by RBI	D.	regulated by state governments
E.	None of these

4. Which of the following can be a nominee in respect of a deposit account ?

A.	Son only	B.	Son and daughter only
C.	Spouse only	D.	Any individual
E.	None of these

5. Which of the following cannot open a bank account ?

A.	A minor	B.	An illiterate person
C.	Person of unsound mind	D.	A blind individual
E.	None of these

6. Which of the following investments is the most liquid ?

A.	Bank fixed deposits due for maturity after three months	B.	Post office deposits payable on demand
C.	Money in ELSS mutual funds which are one year old	D.	Gold bars and coins
E.	None of these

7. Which of the following structures have the consumer forum courts in India adopted ?

A.	District, state and national levels	B.	Panchayats, state and national level
C.	State and national level	D.	Only at the national level
E.	None of these

8. Which of the following may be identified as the drawee bank in respect of a cheque ?

A.	The payee’s bank	B.	The bank which collects the cheque
C.	The endorsee’s bank	D.	The bank on which the cheque is drawn
E.	None of these

9. A demand draft issued by one bank branch on another branch is legally ____________?

A.	Cheque	B.	Delivery order
C.	Supply bill	D.	Promissory note
E.	None of these

10. Which is the accepted document for establishing proof of identity of an individual for opening of bank accounts ?

A.	Electricity bill	B.	Telephone bill
C.	PAN card	D.	LIC policy
E.	None of these

11. Bank accounts are required for doing most transactions. Which of the following does not require the customer to have an account for getting the facility ?

A.	Banker’s draft	B.	Loan
C.	Credit card	D.	Cheque book
E.	None of these

12. A cheque payable to bearer can be negotiated by ____________?

A.	Endorsement only	B.	Delivery only
C.	Endorsement and delivery	D.	All of the Above
E.	None of these

13. Which of the following banks does not provide for opening of a bank account in an individual’s name ?

A.	Commercial banks	B.	Cooperative banks
C.	Scheduled banks	D.	NABARD
E.	None of these

14. Which of the following may be identified as the place where bankers meet to settle their mutual claims and accounts ?

A.	Clearing house	B.	Treasury
C.	Collection centre	D.	BPO
E.	None of these

15. Banks in India which were nationalized in 1969 had deposits not less than ` ……cr ?

A.	250	B.	200
C.	100	D.	50
E.	None of these

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Govt Exams Adda

Banking and Financial Awareness Quiz No. 6

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