Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. Current a/c are also called-------------.
a. Savings a/c
b. Time deposit a/c
c. Demand deposit a/c
d. Term deposit a/c
Q. The minimum period for which a commercial bank can accept term deposit is ----------.
a. 8 days
b. 7 days
c. 30 days
d. 15 days
Q. Interest on fixed deposit is compounded-------------.
a. Monthly
b. Half yearly
c. Quarterly
d. Yearly basis
Q. ------------ is an anti money laundering measure specified in the prevention of money laundering act 2002.
a. SAA
b. FCNR
c. KYC
d. NRE
Q. A cheque is-------------------.
a. Instrument
b. Negotiable instrument
c. Transferred instrument
d. None of these
Q. As per the Act Negotiable instrument means--------
a. Document
b. Transferred instrument
c. Exchange instrument
d. Promissory note
Q. Bill of exchange is a------------
a. Printed form
b. Crossing
c. Need not be a printed form
d. Conditional order
Q. ---------cheque is easily transferred from one person to another by mere delivery
a. Open cheque
b. Bearer cheque
c. Order cheque
d. Stale cheque
Q. The payees name is written on the cheque is called-----------.
a. Multivalued cheque
b. Open cheque
c. Crossed cheque
d. Order cheque
Q. -----------cheque cannot be transferred from one person to another person by mere delivery.
a. Open cheque
b. Crossed cheque
c. Order cheque
d. Stale cheque
Q. A cheque can be crossed by drawing two transverse parallel lines through top left corner of cheque is called -------------.
a. General crossing
b. Special crossing
c. Crossed cheque
d. Post dated cheque
Q. If a cheque is torn into two or more pieces and presented for payment is called a-------------
a. Mixed cheque
b. Mutilated cheque
c. Group cheque
d. Anyi-dated cheque
Q. Cheque in which the drawer mentions the date earlier to the date of presenting it for payment is called -----------
a. Anti-dated cheque
b. Crossed cheque
c. Post dated cheque
d. None of these