Banking Awareness Quiz Set 9

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Banking Awareness Quiz Set 9

1. When the words “or bearer” appearing on the face of the cheque are not cancelled, then the cheque is called a __________

2. Which means drawing two parallel lines on the face of cheque with or without additional words like “& CO” or “account payee” or “Not Negotiable”?

3. If any cheque bears a date earlier than the date on which is presented to the bank is called ___________

4. When the word “bearer” appearing on the face of a cheque is cancelled and when in its place the word “or order” is written on the face of cheque is called ____________

5. If any cheque bears a date which is yet to come then it is known as___________

6. If a cheque is presented for payment after three months from the date of the cheque is called ______

7. Which of the following cheque is written by the account holder as pay self to receive the money in the physical form from the branch where he holds his account

8. A Cheque which is torn into two or more pieces and presented for payment, such a cheque is called _________

9. A cheque which is truncated during the course of clearing cycle is called __________

10. Person named in the instrument to whom or to whose order the money is to be paid is known as ______

11. Which of the following Act provides provisions for regulation of credit information companies?

12. Which act provides legal recognition for transactions carried out by means of electronic communication, commonly referred to as e-commerce?

13. As per the provisions of ________ act all financial institutions have to maintain a record for all form of transactions?

14. Which of the following Act refers to the acquisition and transfer of the undertakings of certain banking companies?

15. The income of a Bank is chargeable to income tax under ________ of Income Tax Act, 1961

16. According to ___________ of the Negotiable Instruments Act 1881, a negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to

17. Small Industries Development Bank of India (SIDBI), set up under which Act?

18. National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India, having headquarters in ______

19. Export–Import Bank of India(EXIM Bank) established in _______ under the Export-Import Bank of India Act 1981.

20. The Committee to review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the RBI under the chairmanship of _________

21. National Housing Bank (NHB), a wholly owned subsidiary of the central bank, was established in 1988 under the _________

22. The Banking Ombudsman Scheme was introduced under __________ of the Banking Regulation Act, 1949 by RBI with effect from 1995.

23. Which of the following is/are covered under the Banking Ombudsman Scheme, 2006?

24. National Housing Bank (NHB), is an apex financial institution for housing, having headquarters in ______

25. The Banking Ombudsman is a senior official appointed by the ___________

26. What is the maximum amount of compensation under Banking Ombudsman scheme 2006?

27. Any person can file a complaint before the the Banking Ombudsman, if the reply is not received from the bank within a period of _________

28. How many Banking Ombudsmen have been appointed?

29. How much amount to be charged by the Banking Ombudsman for filing and resolving customers’ complaints?

30. The Indian Banks’ Association (IBA) is an association of Indian banks and financial institutions having headquarters in ________



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