Top 150+ Solved Banking and Finance 3 MCQ Questions Answer
Q. Dishonour of Negotiable Instrument by Non Payment is covered under section in NegotiableInstrument Act 1882…
a. Section 90
b. Section 91
c. Section 92
d. Section 93
Q. Which of the following section in the Negotiable Instruments Act deals with the Bill of Exchange?
a. Section 5
b. Section 6
c. Section 4
d. Section 13
Q. Which of the followings are not the Negotiable Instruments as defined by the Statute…
a. Banker’s Note
b. Promissory Note
c. Bill of Exchange
d. Cheques
Q. Which bank have given the instructions to the commercial banks regarding the immediate credit ofoutstation cheques?
a. Reserve Bank of India
b. Central Bank
c. World Bank
d. All of the above
Q. A cheque dated subsequent to the date of its issue is
a. Post dated cheque
b. Blank cheque
c. Crossed cheque
d. Account payee cheque
Q. How many branches of Payment banks must be in the unbanked rural area?
a. 25%
b. 50%
c. 35%
d. 75%
Q. Which of the following activities cannot be undertaken by a Payments Bank?
a. Accept deposits
b. Payment of Utility Bills
c. Lending Money
d. None of the above
Q. Under what section of the Banking Regulation Act, 1949 the payments banks are licensed?
a. 22
b. 2
c. 19
d. 11
Q. Which is India's first Payment bank?
a. PayTM Payments Bank
b. JIO Payment Banks
c. Airtel Payments Banks
d. Fino Payments Bank
Q. When banker received deposits from the customer, then the banker becomes -------------- of thecustomer.
a. Debtor
b. Creditor
c. Bailee
d. Trustee
Q. If cheque is crossed an account payee, this is direction of, ------------- to---------------.
a. Payee, paying banker
b. Payee, collecting bank
c. Drawer, paying bank
d. Drawer, collecting bank
Q. In case of collection of cheques and bills, the relationship of the banker with the customer is that of
a. Bank as agent and customer trustee
b. Bank as trustee and customer debtor
c. Banker as debtor and customer bailee
d. Banker as bailor and customer bailee
Q. A cheque has been deposited by a customer with his bank for collection. The bank allows overdraftagainst the security thereof. The bank becomes
a. Holder of the cheque
b. Holder in due course
c. Holder for value
d. Drawer of the cheque