Banking Quiz

1. A banker is expected to honour the cheques within the specified banking hours as per section of Negotiable Instrument Act, 1881
a) 48
b) 24
c) 65
d) 72

2. What are the co-operative banks at the village level known as
a) Central co-operative banks
b) State co-operative banks
c) Village co-operative banks
d) Primary agricultural co-operative societies

3. Money lent for 15 days or more in inter-bank market is called _____________
a) Term Money
b) Short Term Money
c) Call Money
d) Notice Money

4. Which one of the following does not quality as priority sector lending by Commercial Banks?
a) Small Business Loans
b) Software Exports
c) Educations Loan
d) Small Industrial Loan

5. Which of the following is not an organised sector in India?
a) Industrial Bank
b) Regional Rural Banks
c) Cooperative Banks
d) Chits and Money Lenders

6. If a crossed cheque is presented for payment ______________
a) It can be paid across the counter in another bank
b) Cash can be paid across the counter to the presenter
c) It can be paid only through a banker
d) Cash can be paid across the counter to the presenter

7. Expand BIFR?
a) Bureau for Investment and Financial Reconstruction
b) Board for Industrial & Financial Reconstruction
c) Board for Investment and Financial Redevelopment
d) Bureau for Industrial for Financial Revolution

8. Which of the following is the drawee bank in respect of a cheque?
a) The bank on which the cheque is drawn
b) The endorsee’s bank
c) The bank which collects the cheque
d) The payee’s bank

9. While discussing investments there is mention of short term government security. What is this type of investment known as ______________
a) Debenture
b) Share
c) Mutual Funds
d) Treasury Bill

10. Banks are required to provide loans to the priority sector upto a specified limit. What is the limit for public sector bank?
a) 50%
b) 20%
c) 40%
d) 10%