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8/13/2019 Banking Questions.docx
1/24
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
8/13/2019 Banking Questions.docx
2/24
ASIBAS, Amity University
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
8/13/2019 Banking Questions.docx
3/24
ASIBAS, Amity University
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
3 Bank cannot discount bills for his customers 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
Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is
_______________
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
8 Monetary and Credit Policy is issued by _______ each year _____ times.
9 The account is operated by _______ in Joint Hindu Family Account
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
11 A Minor cannot cannot become partner in a partnership firm for his benefits True/False
12 Minimum number of directors in a Public Limited Company_____
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
18 Right of set off is exercisable where the relationship is of _______
19 E banking service based on voice processing facility _____20 Minor is incompetent to enter into contract. So he cannot become endorsee True/False
21 Clayton's Rule relates to _________________
22 Order Nisi is issued by _________
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)
8/13/2019 Banking Questions.docx
4/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
the order is not applicable. (d) the bank will approach court in such a case.
26 The partnership firm must be registered True/False
27 A minor of _____ years can open Savings Bank Account
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.
29 Valid document available to the Bank for customer identification _______
30 Maximum number of shareholder in Pvt Ltd Company _____
31 Attachment order is issued by ________
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
35 Reserve Bank of India Act was enacted in the year _______
36 As on date Bank Rate is ________
37 Relationship between Banker and Customer in case of Safe Custody ______
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 _____
8/13/2019 Banking Questions.docx
5/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
1 A minor of _____ years can open Savings Bank Account
2
Government companies are those companies where the government holds at least ____ %
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 _______
6 Minimum number of directors in a Public Limited Company_____
7 Maximum number of shareholder in Pvt Ltd Company _____
8
A Company is an artificial person. Therefore, the company can be a member of Partnership
Firm True/False
9 Bank cannot discount bills for his customers True/False
10
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
11 Order Nisi is issued by _________
12 Banker is having right of (a) General Lien (b) Particular lien (c) to close the account ofcustomer without giving notice to him
13 The partnership firm must be registered True/False
14
When a Banker allows an overdraft in a Current Account, the relationship is of a
___________
15 As on date Bank Rate is ________
16 Right to combine two accounts by bank is called _____
17 Monetary and Credit Policy is issued by _______ each year _____ times.
18 Minor is incompetent to enter into contract. So he cannot become endorsee True/False
19 Relationship between Banker and Customer in case of Safe Custody ______
20 The account is operated by _______ in Joint Hindu Family Account
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
Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is
_______________
23
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) the bank will approach court in such a case.
24 E banking service based on voice processing facility _____
25 Attachment order is issued by ________26 Clayton's Rule relates to _________________
27
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 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
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.
30 In case of Safe Deposit Vault, the relationship between banker and customer is of
8/13/2019 Banking Questions.docx
6/24
ASIBAS, Amity University
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
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 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
34A 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
35
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
36 Right of set off is exercisable where the relationship is of _______
37
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
38 Valid document available to the Bank for customer identification _______
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.
40 Document which stipulates internal rules of company ________
8/13/2019 Banking Questions.docx
7/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
1 Reserve Bank of India Act was enacted in the year _______
2 Relationship between Banker and Customer in case of Safe Custody ______
3
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
4 Bank cannot discount bills for his customers True/False
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
6Banker is having right of (a) General Lien (b) Particular lien (c) to close the account ofcustomer without giving notice to him
7
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.
8
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
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
favour for exercising right of set off. (d) none of the these
11
A Company is an artificial person. Therefore, the company can be a member of Partnership
Firm True/False
12 Minor is incompetent to enter into contract. So he cannot become endorsee True/False
13
In case of Safe Deposit Vault, the relationship between banker and customer is of
_____________
14 The account is operated by _______ in Joint Hindu Family Account
15 Clayton's Rule relates to _________________
16 Order Nisi is issued by _________
17
The bank can disclose the customer information when information is demanded by his
guarantor True/False
18 As on date Bank Rate is ________
19 Minimum number of directors in a Public Limited Company_____
20 Attachment order is issued by ________
21
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) the bank will approach court in such a case.
22 A Minor cannot cannot become partner in a partnership firm for his benefits True/False
23
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 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
8/13/2019 Banking Questions.docx
8/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
26
Government companies are those companies where the government holds at least ____ %
shares.
27 Right to combine two accounts by bank is called _____
28 E banking service based on voice processing facility _____
29 Maximum number of shareholder in Pvt Ltd Company _____
30 A minor of _____ years can open Savings Bank Account31 Monetary and Credit Policy is issued by _______ each year _____ times.
32
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.
33
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
34
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
35 Valid document available to the Bank for customer identification _______
36The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right ofappropriation (d) Both (b) and ( c)
37
Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is
_______________
38 Right of set off is exercisable where the relationship is of _______
39 Document which stipulates internal rules of company ________
40 The partnership firm must be registered True/False
8/13/2019 Banking Questions.docx
9/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
1 Right to combine two accounts by bank is called _____
2 Document which stipulates internal rules of company ________
3 The account is operated by _______ in Joint Hindu Family Account
4
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
5 As on date Bank Rate is ________
6 Reserve Bank of India Act was enacted in the year _______
7 Bank cannot discount bills for his customers True/False
8When a Banker allows an overdraft in a Current Account, the relationship is of a___________
9The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right ofappropriation (d) Both (b) and ( c)
10Lien 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
11 Relationship between Banker and Customer in case of Safe Custody ______
12Banker is having right of (a) General Lien (b) Particular lien (c) to close the account ofcustomer without giving notice to him
13 Clayton's Rule relates to _________________
14 A Minor cannot cannot become partner in a partnership firm for his benefits True/False
15 Minor is incompetent to enter into contract. So he cannot become endorsee True/False
16In case of Safe Deposit Vault, the relationship between banker and customer is of_____________
17A Company is an artificial person. Therefore, the company can be a member of PartnershipFirm True/False
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
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
20
Government companies are those companies where the government holds at least ____ %
shares.
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
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
23 Monetary and Credit Policy is issued by _______ each year _____ times.
24 The partnership firm must be registered True/False
25 Order Nisi is issued by _________
26
The bank can disclose the customer information when information is demanded by his
guarantor True/False
27
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) the bank will approach court in such a case.
8/13/2019 Banking Questions.docx
10/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
28
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.
29 Valid document available to the Bank for customer identification _______
30 E banking service based on voice processing facility _____
31
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
32
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 personmaintaining current account with bank (d) a person getting bank draft cancelled. (e) none of
these.
33
Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is
_______________
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 Maximum number of shareholder in Pvt Ltd Company _____
36 Right of set off is exercisable where the relationship is of _______
37
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
38 Minimum number of directors in a Public Limited Company_____
39 A minor of _____ years can open Savings Bank Account
40 Attachment order is issued by ________
8/13/2019 Banking Questions.docx
11/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
1 Minor is incompetent to enter into contract. So he cannot become endorsee True/False
2 Maximum number of shareholder in Pvt Ltd Company _____
3 As on date Bank Rate is ________
4 Reserve Bank of India Act was enacted in the year _______
5
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.
6 E banking service based on voice processing facility _____
7
A Company is an artificial person. Therefore, the company can be a member of Partnership
Firm True/False
8Banker is having right of (a) General Lien (b) Particular lien (c) to close the account ofcustomer without giving notice to him
9
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.
10
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
11
Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is
_______________
12 A Minor cannot cannot become partner in a partnership firm for his benefits True/False
13
The bank can disclose the customer information when information is demanded by his
guarantor True/False
14
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) the bank will approach court in such a case.
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
16 The partnership firm must be registered True/False
17
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
18 Monetary and Credit Policy is issued by _______ each year _____ times.
19 Right of set off is exercisable where the relationship is of _______
20 Right to combine two accounts by bank is called _____
21
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 yourfavour for exercising right of set off. (d) none of the these
22
In case of Safe Deposit Vault, the relationship between banker and customer is of
_____________
23
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 personmaintaining current account with bank (d) a person getting bank draft cancelled. (e) none of
these.
24 Attachment order is issued by ________
25
The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right of
appropriation (d) Both (b) and ( c)
26 Relationship between Banker and Customer in case of Safe Custody ______
8/13/2019 Banking Questions.docx
12/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
27 Document which stipulates internal rules of company ________
28
Government companies are those companies where the government holds at least ____ %
shares.
29 A minor of _____ years can open Savings Bank Account
30
When a Banker allows an overdraft in a Current Account, the relationship is of a
___________31 Minimum number of directors in a Public Limited Company_____
32
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 RegulationAct
33A 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
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
shall apply to all branches of ABC Bank
35Lien 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 Order Nisi is issued by _________
37 Clayton's Rule relates to _________________
38 Bank cannot discount bills for his customers True/False
39 The account is operated by _______ in Joint Hindu Family Account
40 Valid document available to the Bank for customer identification _______
8/13/2019 Banking Questions.docx
13/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
1
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
2
The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right of
appropriation (d) Both (b) and ( c)
3 A minor of _____ years can open Savings Bank Account
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
6 The partnership firm must be registered True/False
7 E banking service based on voice processing facility _____
8
Government companies are those companies where the government holds at least ____ %
shares.
9 Monetary and Credit Policy is issued by _______ each year _____ times.
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
11
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
12In case of Safe Deposit Vault, the relationship between banker and customer is of_____________
13A Company is an artificial person. Therefore, the company can be a member of PartnershipFirm True/False
14 Order Nisi is issued by _________
15 As on date Bank Rate is ________
16
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 Right to combine two accounts by bank is called _____
18
Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is
_______________
19
When a Banker allows an overdraft in a Current Account, the relationship is of a
___________
20 Minor is incompetent to enter into contract. So he cannot become endorsee True/False
21 Right of set off is exercisable where the relationship is of _______
22
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
23
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) the bank will approach court in such a case.
24In 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
25
Banker is having right of (a) General Lien (b) Particular lien (c) to close the account of
customer without giving notice to him
26 Attachment order is issued by ________
27
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.
28 Clayton's Rule relates to _________________
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ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
29 Valid document available to the Bank for customer identification _______
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 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
31A 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.
32 Reserve Bank of India Act was enacted in the year _______
33
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 yourfavour for exercising right of set off. (d) none of the these
34 Document which stipulates internal rules of company ________
35 Bank cannot discount bills for his customers True/False
36
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.
37 Minimum number of directors in a Public Limited Company_____
38 Relationship between Banker and Customer in case of Safe Custody ______
39
The bank can disclose the customer information when information is demanded by his
guarantor True/False
40 Maximum number of shareholder in Pvt Ltd Company _____
8/13/2019 Banking Questions.docx
15/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
1
The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right of
appropriation (d) Both (b) and ( c)
2 Attachment order is issued by ________
3 Document which stipulates internal rules of company ________
4
Banker is having right of (a) General Lien (b) Particular lien (c) to close the account of
customer without giving notice to him
5
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
6 Maximum number of shareholder in Pvt Ltd Company _____
7In case of Safe Deposit Vault, the relationship between banker and customer is of_____________
8 Relationship between Banker and Customer in case of Safe Custody ______
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
10 Reserve Bank of India Act was enacted in the year _______
11
When a Banker allows an overdraft in a Current Account, the relationship is of a
___________
12 The account is operated by _______ in Joint Hindu Family Account
13
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
14
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
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 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
16 Right to combine two accounts by bank is called _____
17
Government companies are those companies where the government holds at least ____ %
shares.
18 Valid document available to the Bank for customer identification _______
19 A Minor cannot cannot become partner in a partnership firm for his benefits True/False
20
A Company is an artificial person. Therefore, the company can be a member of Partnership
Firm True/False
21
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 Act22 E banking service based on voice processing facility _____
23
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
favour for exercising right of set off. (d) none of the these
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)
the order is not applicable. (d) the bank will approach court in such a case.
25
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.
8/13/2019 Banking Questions.docx
16/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
26 Order Nisi is issued by _________
27 Monetary and Credit Policy is issued by _______ each year _____ times.
28 Right of set off is exercisable where the relationship is of _______
29 Clayton's Rule relates to _________________
30
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.
31 A minor of _____ years can open Savings Bank Account
32
The bank can disclose the customer information when information is demanded by his
guarantor True/False
33 As on date Bank Rate is ________
34
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
35 Minor is incompetent to enter into contract. So he cannot become endorsee True/False
36 Minimum number of directors in a Public Limited Company_____
37 Bank cannot discount bills for his customers True/False
38
Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is
_______________
39 The partnership firm must be registered True/False
40
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.
8/13/2019 Banking Questions.docx
17/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
1 A Minor cannot cannot become partner in a partnership firm for his benefits True/False
2
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
3
The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right of
appropriation (d) Both (b) and ( c)4 The account is operated by _______ in Joint Hindu Family Account
5A 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
6 Minor is incompetent to enter into contract. So he cannot become endorsee True/False
7When a Banker allows an overdraft in a Current Account, the relationship is of a___________
8
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
9 As on date Bank Rate is ________
10 Document which stipulates internal rules of company ________
11 Clayton's Rule relates to _________________
12
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
13 Bank cannot discount bills for his customers True/False
14
In case of Safe Deposit Vault, the relationship between banker and customer is of
_____________
15
Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is
_______________
16
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 personmaintaining current account with bank (d) a person getting bank draft cancelled. (e) none of
these.
17 Order Nisi is issued by _________
18 Right of set off is exercisable where the relationship is of _______
19
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.
20 E banking service based on voice processing facility _____
21A 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.
22 Attachment order is issued by ________
23 Minimum number of directors in a Public Limited Company_____
24
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 RegulationAct
25A Company is an artificial person. Therefore, the company can be a member of PartnershipFirm True/False
26Banker is having right of (a) General Lien (b) Particular lien (c) to close the account ofcustomer without giving notice to him
27 Right to combine two accounts by bank is called _____
8/13/2019 Banking Questions.docx
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ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
28
Government companies are those companies where the government holds at least ____ %
shares.
29
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) the bank will approach court in such a case.30 Relationship between Banker and Customer in case of Safe Custody ______
31 Reserve Bank of India Act was enacted in the year _______
32 The partnership firm must be registered True/False
33
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
34
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
35 Valid document available to the Bank for customer identification _______
36 Monetary and Credit Policy is issued by _______ each year _____ times.
37 A minor of _____ years can open Savings Bank Account
38
The bank can disclose the customer information when information is demanded by his
guarantor True/False
39 Maximum number of shareholder in Pvt Ltd Company _____
40
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
8/13/2019 Banking Questions.docx
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ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
1
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
2
Banker is having right of (a) General Lien (b) Particular lien (c) to close the account of
customer without giving notice to him
3
In case of Safe Deposit Vault, the relationship between banker and customer is of
_____________4 As on date Bank Rate is ________
5Government companies are those companies where the government holds at least ____ %shares.
6 Clayton's Rule relates to _________________
7 Maximum number of shareholder in Pvt Ltd Company _____
8
Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is
_______________
9 Document which stipulates internal rules of company ________
10 Bank cannot discount bills for his customers True/False
11 Right to combine two accounts by bank is called _____
12
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
13 The partnership firm must be registered True/False
14A Company is an artificial person. Therefore, the company can be a member of PartnershipFirm True/False
15
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.
16
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) the bank will approach court in such a case.
17The bank can disclose the customer information when information is demanded by hisguarantor True/False
18
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
19 Attachment order is issued by ________
20 Monetary and Credit Policy is issued by _______ each year _____ times.
21 Minor is incompetent to enter into contract. So he cannot become endorsee True/False
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
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
26
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
8/13/2019 Banking Questions.docx
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ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
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
27
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
28 The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right ofappropriation (d) Both (b) and ( c)
29 The account is operated by _______ in Joint Hindu Family Account
30 Reserve Bank of India Act was enacted in the year _______
31 A minor of _____ years can open Savings Bank Account
32 E banking service based on voice processing facility _____
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
34A 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.
35 Minimum number of directors in a Public Limited Company_____
36 Valid document available to the Bank for customer identification _______
37 A Minor cannot cannot become partner in a partnership firm for his benefits True/False
38
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
39 Relationship between Banker and Customer in case of Safe Custody ______
40
When a Banker allows an overdraft in a Current Account, the relationship is of a
___________
8/13/2019 Banking Questions.docx
21/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
1 Minor is incompetent to enter into contract. So he cannot become endorsee True/False
2
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 personmaintaining current account with bank (d) a person getting bank draft cancelled. (e) none of
these.
3 Right to combine two accounts by bank is called _____
4
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
5 Monetary and Credit Policy is issued by _______ each year _____ times.
6 A minor of _____ years can open Savings Bank Account
7
The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right of
appropriation (d) Both (b) and ( c)
8
The bank can disclose the customer information when information is demanded by his
guarantor True/False
9 Clayton's Rule relates to _________________
10 The account is operated by _______ in Joint Hindu Family Account
11
Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is
_______________
12
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
13In 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
14
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
15 Bank cannot discount bills for his customers True/False
16 Document which stipulates internal rules of company ________
17
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
shall apply to all branches of ABC Bank
18
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
19
When a Banker allows an overdraft in a Current Account, the relationship is of a
___________
20Government companies are those companies where the government holds at least ____ %shares.
21
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.
22 E banking service based on voice processing facility _____
23 Valid document available to the Bank for customer identification _______
24 Right of set off is exercisable where the relationship is of _______
25
Banker is having right of (a) General Lien (b) Particular lien (c) to close the account of
customer without giving notice to him
26
In case of Safe Deposit Vault, the relationship between banker and customer is of
_____________
27 Right of set off of a banker has been conferred on the banks in (a) Negotiable Instrument
8/13/2019 Banking Questions.docx
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ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
Act (b) Indian Contract Act (c) RBI Act (d) Civil Procedure Code (e) Banking Regulation
Act
28 Attachment order is issued by ________
29 As on date Bank Rate is ________
30 Order Nisi is issued by _________
31 Relationship between Banker and Customer in case of Safe Custody ______32 Reserve Bank of India Act was enacted in the year _______
33
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) the bank will approach court in such a case.
34
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
35 A Minor cannot cannot become partner in a partnership firm for his benefits True/False
36 The partnership firm must be registered True/False
37 Maximum number of shareholder in Pvt Ltd Company _____
38 Minimum number of directors in a Public Limited Company_____
39
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.
40
A Company is an artificial person. Therefore, the company can be a member of Partnership
Firm True/False
8/13/2019 Banking Questions.docx
23/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
1 A Minor cannot cannot become partner in a partnership firm for his benefits True/False
2 Right of set off is exercisable where the relationship is of _______
3
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 these4 Reserve Bank of India Act was enacted in the year _______
5 Maximum number of shareholder in Pvt Ltd Company _____
6
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
7
Amount of Bank Draft that can be issued by banks in cash under KYC directives of RBI is
_______________
8 As on date Bank Rate is ________
9 Bank cannot discount bills for his customers True/False
10 Order Nisi is issued by _________
11The bank can disclose the customer information when information is demanded by hisguarantor True/False
12The Clayton's rule relates to (a) Payment of cheque (b) Right of set off (c) Right ofappropriation (d) Both (b) and ( c)
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
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
15
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
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
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) the bank will approach court in such a case.
19 Valid document available to the Bank for customer identification _______
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
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.
24 Minimum number of directors in a Public Limited Company_____
25 E banking service based on voice processing facility _____
26
A Company is an artificial person. Therefore, the company can be a member of Partnership
Firm True/False
27
Government companies are those companies where the government holds at least ____ %
shares.
28 Ramesh deposits cheque for collection and bank slows credit to savings bank account
8/13/2019 Banking Questions.docx
24/24
ASIBAS, Amity University
NAME: _______________ SEM & SEC: __________ DATE: __________
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
29
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.
30 Attachment order is issued by ________31 Document which stipulates internal rules of company ________
32 The account is operated by _______ in Joint Hindu Family Account
33 The partnership firm must be registered True/False
34
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
35 Clayton's Rule relates to _________________
36In case of Safe Deposit Vault, the relationship between banker and customer is of_____________
37 A minor of _____ years can open Savings Bank Account
38
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
shall apply to all branches of ABC Bank
39
When a Banker allows an overdraft in a Current Account, the relationship is of a
___________
40Banker is having right of (a) General Lien (b) Particular lien (c) to close the account ofcustomer without giving notice to him