Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. Sec 138 state that drawer of a cheque is liable to be punished if the cheque is bounded for-----------.
a. Not crossing
b. Alteration in figures
c. Being post dated
d. Insufficient fund
Q. Where the signature of the drawer of a cheque is not genuine such a cheque is called --------------
a. Post dated cheque
b. Forged cheque
c. Clearing cheque
d. Stale cheque
Q. A banker on whom a cheque is drawn by the customer is-----------------------.
a. Collecting banker
b. Paying banker
c. Advising banker
d. Confirming banker
Q. A banker who collects a cheque for and on behalf of his customer is-----------------.
a. Collecting banker
b. Paying banker
c. Advising banker
d. Confirming banker
Q. When a banker makes payment of a cheque after making hour he will be held ---------.
a. Liable
b. Reasonable
c. Acceptable
d. None of these
Q. One of the conditions to honour the cheque by the paying banker is that amount in figures and words should---------.
a. Differ
b. Tally
c. Be clear
d. Not be clear
Q. Where a customer by a letter has advised the bank directing the banker not to honour/pay a particular cheque such a letter is called
a. A letter of authority
b. Letter of credit
c. Stop payment letter
d. Letter of credit
Q. Where a customer has issued a cheque date of which is yet to come such a cheque is called ---------.
a. Stale cheque
b. Post dated cheque
c. Crossed cheque
d. Stolen cheque
Q. Promissory notes, bills of exchange and cheque are together defined as--------------.
a. Negotiable instrument
b. Transferred instrument
c. Trust receipts
d. Documents of title to goods
Q. A cheque is drawn on a -----------------.
a. Owner of a ship
b. An agent of a principal
c. Bank
d. Any person
Q. A cheque is payable on-----------------
a. Demand
b. After certain date
c. On a fixed future date
d. None of these
Q. Two parallel transfers lines across the cheque is called --------------.
a. Endorsement
b. Transfer
c. Assignment
d. Crossing
Q. Crossing is a direction to the---------------bank to pay the cheque to the payee through a bank.
a. Drawer
b. Payee
c. Paying
d. collecting