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Banking Awareness Quiz - Part 23

Published on Saturday, August 22, 2015
Banking Awareness Quiz for today :-

Q1. Which of the following is wrong about term cheque:
a) A cheque must be signed by the person (Drawer) issuing the cheque.
b) A cheque must have the name of the recipient (Payee) of the cheque.
c) A cheque must mention the amount of money in words and figures.
d) A cheque must be dated.
e) A cheque must be drawn upon a specified bank (Drawee).
f) None of These

Q2. If cheque is issued by a bank in the same city as the payee, the cheque will be called:
a) Outstation Cheque
b) Local Cheque
c) At par Cheque
d) None of These

Q3. If a given city's local cheque is presented elsewhere it becomes ________cheque and may attract some nominal but fixed banking charges:
a) Local
b) Outstation
c) Both of Above
d) None of These

Q4. Which of following is incorrect about 'At Par Cheque':
a) It is a cheque which is accepted at par at all its branches across the country.
b) Unlike local cheque it can be present across the country without attracting additional banking charges
c) Both of Above
d) None of These

Q5. Cheque below the amount of Rs. 1,00,000 are called_____:
a) Gift Cheque
b) Normal Value Cheque
c) Below Volume Cheque
d) None of These

Q6. The cheque, amount of which is higher than Rs. 1,00,000 is a:
a) Gift Cheque
b) High Value Cheque
c) Normal Value Cheque
d) None of These

Q7. Which of the following is incorrect about 'Gift Cheque':
a) Cheque used for gifting money to loved ones are gift cheques.
b) The value may vary from Rs. 100 to Rs. 10,000
c) Both of Above
d) None of These

Q8. Which of the following is correct about the crossed cheque:
a) Crossed cheque cannot en-cash at the counter of the bank by holder.
b) The payment of cross cheque is only credited to the bank account of the payee.
c) Crossed cheque is done by drawing two parallel lines across top left corner of the cheque.
d) With or without writing 'Account Payee' in the space between the lines
e) All of the Above
f) None of These

Q9. _____cheque can be alternated by using an ATM card:
a) Open Cheque
b) Self Cheque
c) Ordered Cheque
d) None of These

Q10.  CTS stands for:
a) Cheque Transfer System
b) Cheque Truncation System
c) Cheque Truncation Standards
d) None of These

Q11. CHI stands for:
a) Cheque House Interface
b) Clearing House Interface
c) Commercial House Interface
d) None of These

Q12. In order to facilitate faster collection of outstanding cheques, the Reserve Bank of India commenced a special clearing facility called ______:
a) Speed Clearing 
b) High Clearing
c) Standard Clearing
d) None of These

Q13. Which of following is correct about 'VIDYA LAKSHMI PORTAL':
a) The aim of scheme is to provide educational loans through recognized banks
b) Government Scholarships are also provided under a single Window
c) Both of Above
d) None of These

Q14. AIBOA stands for:
a) All India Banking Operations Association
b) All India Bank Officers Association
c) All India Banks of Association
d) None of These

Q15. NSDL stands for:
a) National Securities Depository Limited
b) National Savings and Depository Limited
c) Non - Saving Depositories Limited
d) None of These

Q16. 'You can Always Bank on Us' is the slogan of:
a) State Bank of Mysore
b) State Bank of Hyderabad
c) State Bank of Travancore
d) None of These

Q17. The slogan of 'Yes Bank' is:
a) With Us you are sure
b) Experience Our Expertise
c) Prosperity for All
d) None of These

Q18. Slogan of 'State Bank of Travancore' is:
a) We understand your world
b) The name you can bank upon
c) A long tradition of trust
d) None of These

Q19. 'Where every individual is committed' is the slogan of:
a) Vijaya Bank
b) Oriental Bank of Commerce
c) Indian Overseas Bank
d) None of These

Q20. 'Prosperity for All' is the slogan of:
a) Corporation Bank
b) United Bank of India
c) Federal Bank
d) None of These

Take previous Banking quiz :-

1235 , 6 789101112 , 1314, 15161718 ,19 ,2021 and 22.
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Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

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