Professional Documents
Culture Documents
5. Accepting deposits for safe custody would fall within the definition of
‘banking’
12. All business of banks are regulated only by the Reserve Bank.
21. Section 5(b) of ______ Act gives the definition of the term ‘Banking’
23. In a deposit account the principal relation between Bank and Customer
is bank ___________ and the Customer ________.
24. When a Bank lends money the relation between Bank and Customer is
Bank _____________ and Customer ________.
A.Agent, Principal / B.Lessor, Lessee
C.Creditor-Debtor / D.Debtor-Creditor
E.Bailor-Bailee / Answer is : C.Creditor-Debtor
25. In case of safe custody of articles relation between Bank and Customer
is Bank ___________ and Customer _________.
26. In case of safe deposit licker the relation between Bank and Customer is
Bank _______________ and Customer _________.
28. A banking company should have the word ‘Banking’ in its name
29. A company engaged in manufacture of furniture can use the word ‘Bank’
in its name.
30. Ledger keeper is authorised to disclose the balance of the account of the
customer to a stranger.
A.Obligation / B.Right
C.Interest / D.Protection / Answer is : B.Right
32. Where as general lien gives right to retain goods, Banker’s lien has
_________ in case of default.
33. General lien gives the creditor right to retain ________ which have
come in his possession.
34. Particular lien gives the creditor right to retain ________ in case the
expenses incurred are not paid. A.all goods / B.some goods
C.specific goods / Answer is : C.specific goods
A.hypothecation / B.mortgage
C.implied pledge / D.pledge
39. With the death of a partner of a partner of a firm having a cash credit
account the account of the firm can continued as thitherto.
40. Transfer of funds from the partnership account to the credit of the
account of a partner to set-off a debit balance, is in order.
A.Debtor-Creditor / B.Bailor-Bailee
C.Agent, Principal (donor, donee) / Answer is : C.Agent, Principal
(donor, donee)
52. Promissory Notes, Bills of Exchange and cheque are together defined
as____________
A.endorsement / B.transfer
C.assignment / D.crossing Answer is : D.crossing
57. Crossing is a direction to the ________ bank to pay the cheque to the
payee through a bank.
Answer is : C.paying
Answer is : D.drawee
Answer is : A.drawer
61. Mere signature of the payee on the reverse of the instrument is called
________ endorsement
Answer is : B.blank
70. A cheque can be issued payable after 3 month from the date of its
issuance.
72. A banker who collects a cheque for and on behalf of his customer is
__________.
75. When a banker makes payment of a cheque after banking hour he will
be held __________.
A.liable/ B.reasonable / C.acceptable / Answer is : A.liable
76. One of the condition to honour the cheque by the paying banker is that
amount in words and figures should ____________.
77. Where a customer by a letter has advised the bank directing the banker
not to honour / pay a particular cheque such a letter is called _________.
78. Where a customer has issued a cheque date of which is yet to come,
such a cheque is called ____.
79. When a bank pays a cheque according to the apparent tenor, in good
faith and without having reason to doubt the bonafide of the presendor,
such payment is ___________.
80. To get the protection under S / 131, a collecting bank has to collect a
______for credit of is customer
81. Payment of cheque must be made by the banker within banking hours.
87. where the signature of the drawer of a cheque is not genuine, such a
cheque is called _________.
89. true owner of a cheque will be entitled for payment even when the
cheque has been lost and it has reached the hands of holder in due course.
90. where a person has lost an article and if the article comes in procession
of a bonafide purchaser, the bonafide purchaser will not be entitled to the
article.
91. Section 138 states that drawer of a cheque is liable to be punished if the
cheque is bounced for ___________.
92. when a drawer draws a cheque without keeping sufficient balance and if
the cheque is dishonoured for insufficient funds, the drawer is punishable
with and imprisonment which may extend to ________ and or a fine.
Answer is : B.compulsory
98. When a customer dies contractual relationship between the bank and
the customer is terminated.
101. A partner has no implied authority to admit the liability in any suit
client filed against the firm.
A.Administrator/ B.Executor
C.Registrar/ D.liqudator/ Answer is : D.liqudator
109. the person appointed by the court to look after the property under
letter of administrator is executor
True/ False/ Answer is : False
110. the person who is entrusted with the work of execution of the will is
called executor.
113. 293 (i)(d) of company Act stipulates the borrowing limit of a limited
company.
116. NRNR & FCNR (B) accounts can be kept in the from of _________
deposits
A.FCNR (B) and NRE/B.NRO and NRNR/ Answer is : B.NRO and NRNR
A.FCNR (B) and NRE/B.NRO and NRNR/ Answer is : A.FCNR (B) and NRE
120. FCNR (B) account can be kept in the Current, Saving and Recurring
Deposits.
121. Rate of interest payable on NRO, NRE and FCNR Deposits are left to the
discretion of Banks.
122. The banker should not ________ the account of his customer unless
there is justifiable reason for the closure.
A.close / B.open / C.transfer/ Answer is : A.close
126. When a banker closes the account of the customer he is not required to
send any notice.
127. When a banker of a partnership account who has got an account with
the bank, dies the bank should close the account.
129. The present CRR and SLR requirements are ________ , respectively.
142. In deposits accounts the main relationship between bank and customer
is:
143. When a bank lends money to the corporate person the relationship
is:
147. A credit voucher for Rs.44,444 favouring Tarun was wrongly posted to
Varun Bose by the bank, the relationship established with Varun Bose is of:
150. Cheque drawn for Rajkumar or order is stolen. The thief made
endorsement as Rajkumar on the cheque in his favour. The cheque is
presented in clearing and paid by bank. True owner later on sent legal
notice to bank. What is the liability of the bank?
Answer is : A.the paying bank will get protection under N.I. Act
151. After close of business hours by 1.30 hrs, the account holder himself
availed payment. At 4.15 p.m. (after close of 1.45 hrs) income tax
attachment order is received by bank. What would be the liability of paying
bank?
A.(a) payment after Business Hours is not a payment in due Course hence
bank is liable, Section 10 N.I. Act
B.Payment even though after business hours but within banking hours is
protected under Section 31
C.Payment late for today is protected under Section 85
D.Refused to accept stop payment instructions since late for today.
154. Rajkumar wants a demand draft striking the word ‘Order’ and writing
the word ‘Bearer’. Can bank help him ?
A.Bearer Draft is unlawful under section 31 of RBI/ B.Bearer Draft can
be issued like a cheque/ C.Signature of the payee should be attested on
the back of draft by the issuing branch/ D.Attestation of the signature of
the payee on a separate slip of paper by bank (without striking out the word
‘Order’ on draft) Answer is : D.Attestation of the signature of the payee on
a separate slip of paper by bank (without striking out the word ‘Order’ on
draft)
155. A draft purchased is reported lost and the purchaser wants to stop
the payment of the draft. Can the Bank do it?
A.Money transactions
B.Both the accounts in the same name and rights
C.implied agreement to keep the accounts distinct and separate.
D.All of the above
E.None of the above
A.On Request
B.On Sanction by Manager
C.On Demand
D.On Persuasion Answer is : C.On Demand
A.Maximum
B.Average
C.Minimum
D.Last Balance at the end of month Answer is : C.Minimum
A.Financial Brokers
B.Financial intermediaries
C.Credit Appraisers
D.Underwriters
E.All of the above
A.Over trading
B.Manipulation in invoices
C.Not suitable to SMEs
D.Companies with few Debtors
E.All of the above Answer is : E.All of the above
A.right/ B.obligation
C.instrument/ D.interest Answer is : A.right
173. Particular Lien gives the creditor right to retain ______ increase the
expenses incurred are not last
Answer is : C.Set-off
A.Stamped/ B.Unstamped
C.Memorandum/ D.Letter/ Answer is : B.Unstamped
A.Universal/ B.Limited
C.both (i) & (ii)/ D.Calculated/ Answer is : C.both (i) & (ii)
A.Section 10/31/85/126
B.Section 15/16/17/131
C.Section 131/138/147/142
D.None of these
E.All of (i) to (iv)
A.Sufficient funds
B.Property applicable for payment
C.Required to do so without default
D.All of above
E.None
A.Crossed cheques
B.Collection on behalf of customers
C.Payment in good faith and without negligence
D.None of above
A.Trust Receipts
B.Judicial documents
C.Negotiable instruments
D.documents of title to goods
A.Demand/ B.Usance
C.Fixed future date/ D.After Sight
Answer is : A.Demand
189. Crossing is a direction to the _______ bank to pay the cheque to the
payee through a bank.
A.Drawer/ B.Payee
C.Paying/ D.Passing
E.Collecting / Answer is : C.Paying
A.Drawer/ B.Drawee
C.Endorser./ D.Acceptor
E.Bank / Answer is : A.Drawer
192. Mere signature of the payee on the reserve of the instrument is called
________ endorsement.
A.Optional / B.Compulsory
C.Discretionary/ D.Waived from year 2003.
Answer is : B.Compulsory
Answer is : D.7
A.Memorandum/ B.Resolution
C.Articles/ D.Declaration
E.Companies Act, 1956 Answer is : C.Articles
205. Two or more minors desire to open bank a/c in your bank, whether
they can open
208. Sanjay, a minor aged 11 years, desire to open bank’s Saving Account.
His mother is illiterate and his father has become sanyasi. He has got both
grand parents. Who will be his natural guardian?
A.Yes/ B.No
C.Yes because incorporation certificate is valid
D.No because forged documents can not be accepted
E.Bank will ask its H.O. / Answer is : C.Yes because incorporation
certificate is valid
210. There should be two persons to open a partnership account in a bank
which is correct?
211. HUF account is to be opened in a bank where three major person are
there
Shrikumar-Father
Mrs. Ramawati-Shivkumar’s Mother
Sharat kumar-Son
Who can become Karta of HUF?
Answer is : A.Shrikumar
212. One of the directors of a Ltd. Co. expired and cheques signed by him
are presented for payments should the bank pay those cheques?
A.Cannot pay
B.Company on other directors confirmation
C.Can pay as a routine
D.Payments be stopped by co.
213. X a partner in the firm XYZ Co. wants to open a bank account in the
firm’s name. Does it require signatures of
219. Recovery of loans and advances are possible under SREA &ESI Act,
2002 by
A.Court/ B.DRT
C.Summary trial by Banks or FISettlement
D.Settlement/ Answer is : C.Summary trial by Banks or FISettlement
A.Purchasing or acquiring
B.Selling and administering
C.Security documenting acquisitioning
D.Providing security to NPA
230. Mutual funds are able to provide higher rate of return to the investors
as
232. In E-banking customers need not visit the bank, to meet cash
requirements of self through
234. In E-commerce the purchaser shift his / her purchasing from a physical
store to
A.Real products
B.Selling of information
C.Advertising
D.Entertainment
E.All of above / Answer is : A.Real products
A.Anywhere banking
B.Anytime banking
C.Lowers the risk with cash
D.Reduction in cost
E.All of above / Answer is : E.All of above
A.Cash transactions
B.Non-cash transactions
C.Both Cash and non-cash
D.None/ Answer is : C.Both Cash and non-cash
239. The maximum loan that can be granted to a private retail trader
dealing in non-essential commodities is
A.Architect/ B.Engineer
C.Medical Practitioner/ D.none of these
241. Mr. Suresh, a Photocopier, requests for a term loan of Rs 10.00 lakh for
purchase of 3 photocopying machines costing Rs 12.00 lakh. He will meet
loan WC requirements from his own resources.Manager can sanction the
loan under Priority Sector:
A.50,000/ B.65,000
C.25,000/ D.no limit/ Answer is : A.50,000
A.40%/ B.32%
C.15%/ D.no minimum limit
Answer is : B.32%
246. Which of the following scheme is not covered under weaker section
A.IRDP/ B.DRI
C.PMRY / D.consumption loan/ Answer is : C.PMRY
247. Loan for fish rearing is covered under priority sector as advance
A.Dig-wells/ B.Tube/bore-wells
C.Lift irrigation pumps/ D.all of these/
A.SSI/ B.SSSBE
C.Tiny/ D.Service/ Answer is : A.SSI
266. In there any exposure ceiling for banks in providing advances / loan to
borrowers?
Answer is : A.NPA
A.Data/ B.Software
C.Hardware/ D.All of above/ E.None of these
A.Client/ B.Nodes
C.a & b/ D.CPU/ E.None of these
289. PIN is
A.Vasudevan Committee
B.Rangarajan Committee
C.Saraf Committee
D.Shere Committee
E.None of these
310. Which of the following is the gateway in India for EDI services
worldwide
Answer is : D.VSNL
Answer is : A.EDIFACT
A.dissemination of information
B.financial advice
C.accounts service
D.Selling products
E.None of these
A.Competition/ B.Profitably
C.Opportunities/ Answer is : B.Profitably
331. The business become customer and market driven due to increased
______.
Answer is : A.Competition
A.Competition/ B.Opportunities
C.Profitably/ Answer is : B.Opportunities
334. The markets are grouped into different types based on the
geographical area, location of market place, product, nature of transaction,
and volume of transaction.In the above statement the following is not
correct
Answer is : B.Exchange
A.Customer// B.Market
C.Exchange/ D.Experience
Answer is : B.Market
Answer is : D.Railway
Answer is : A.Thirst
A.sale B.exchange
Answer is : B.exchange
346. One view on classification of goods and services is that there is no such
thing as service industries and that everybody is in __________
48. Marketing activities can be performed not only by sellers but also by
potential buyers
349. Marketing comprises only actual buyers and not the potential buyers.
351. marketing mix for services is easier to formulate than that for physical.
354. Match with options 2-Dry fruits in a glass bowl in Diwali Gift Pack
355. Match with options 3-A Taj meal on jet Airways flight loan
364. The concept of product life cycle is not of much concern to marketers
but to engineers or product developers. (Please state True and False)
365. The sales of a new product in the introduction stage do not depend on
_________ out of the following
366. In the maturity stage the product has established itself hence there is
no need for any further marketing efforts. (Please state True or False)
Answer is : C.Growth
Answer is : B.Decline
370. Out of the items mentioned below, ___________ is not a product
Answer is : B.line
Answer is : C.shopping
373. Out of the following, ________ is not one of the three levels of a
products
Answer is : D.fragmented
374. A bank has a special product for senior citizens which provides cheque
book on savings account with customers name on cheque book, free of cost
debit card with overdraft facility of Rs 20,000 a special pouch for holding
pass book, cheque book and debit card, facility for withdrawal and deposits
at any branch of the bank, free of cost remittances to any branch of the
bank free of cost remittances to any branch of another bank covered under
RTGS facility. Which of the following is the core product in this offering?
376. The characteristic of service that it cannot be stored for future use is
known as intangibility
378. Marketers are now developing offering that give total customer
experience so that their offering are differentiated from the competition
379. A brand name should suggest something about the product’s benefits
and qualities
A.Decline/ B.Brand
C.The core/ D.Product items/ Answer is : A.Decline
A.Decline/ B.Brand
C.The core/ D.Product items/ Answer is : B.Brand
387. Of the following pricing strategies, __________ is not ideal for new
products
390. Perceived value pricing takes the buyers’ perception into account
A.quantity/ B.trade
C.cash/ D.seasonal
Answer is : B.trade
A.promotional pricing
B.psychological pricing
C.segmental pricing
D.product mix pricing
394. With _________ pricing, the products are priced below list price ( or
even below cost) for a temporary period to create period to create buying
urgency.
A.reference/ B.by-product
C.market penetration/ D.promotional Answer is : D.promotional
395. Of the following pricing methods, ________ is not cost – based method
398. A firm should set a single price for a product and keep it constant as it
moves through its life cycle.:-
A.a physical channel for movement of goods in them from the seller to
buyer
B.a set of firms who handle the physical movement of goods from one
point to another
C.different departments of the producer firm which are associated in
ensuring delivery of goods to the buyer
D.a set of independent organisations involved in the process of making a
product or service available for use or consumption
A.inseparability/ B.variability
C.client relationship/ D.perishability/ Answer is : C.client relationship
412. Distribution channels carry out the following functions except _______
Answer is : D.zero
Answer is : B.wholesellers
416. The following is not among the tasks performed under physical
distribution _____________.
419. The branch network of a bank is affected by RBI’s policy among other
factors.
421. The two main modes of transport for goods in India are rail and road
Answer is : B.Levels
A.Persuasion/ B.Compulsion
C.Reminding/ D.(i),(iii) information and reinforcement
432. Buyers’ behaviour stage is not relevant for determining the promotion
mix
435. Doller Rupee Co-operative Bank with ten branches in Mumbai should
not opt for ___________.As medium for its advertisement campaign
438. Advertisements are the best medium for personal communication with
Customers
440. The current view of the salesmen is that they should be concerned
more than just producing sales ,and should be made to produce customer
satisfaction
441. Direct marketing has become the fastest growing form of marketing
442. Direct marketing has not proved to be a useful tool for building lasting
Customer relationships
447. Marketing research uses the information readily available from the
secondary sources
453. Which of the following situation falls under the purview of marketing
Research System?
A.Riddhi Vriddhi Bank wants to send Diwali greeting cards to all its fixed
deposit account holders with deposits of Rs. 10,000 or more.
B.Monday Honey Bank wants to have a profile of Kalahandi Disrict to
decide about opeing a new branch there
C.Get Rich Fast Bank wants a comparative business statistics with other
10 peer level banks in the country
D.Baroda branch of Prosperous Customer Bank is twelve-year-old, and it
recorded a compound annual growth rate of 20% in deposits during the first
ten years, which has been better than the industry average. However,
during the last two years the branch has witnessed a significant decline in
its deposits. Managing Director of the Bank desire to know the causes for
ameliorating the situation.
Answer is : D.Contests
460. The marketing information requirements of a firm are very limited and
for one – time need