Sunday, 19 June 2016

Banking Current Affairs Quiz for SBI/IBPS Exams




1. On a cheque issued by a customer, the words bearer or order are not written. This cheque will be treated as?
A bearer cheque
An order cheque
This not a valid cheque
This is not a negotiable instrument now
None of the above

2. W.e.f. 1.4.2012, the validity period of cheque is _______ as per RBI directions?
3 months
4 months
6 months
12 months
None of the above

3. On a cheque issued by a customer, the words bearer or order are written. This cheque will be treated as?
A bearer cheque
An order cheque
This not a valid cheque
This is not a negotiable instrument now
None of the above

4. Courtesy amount in a cheque stands for?
amount in words
amount in figures
amount written as not over
amount in words and figures, whichever is higher
None of the above

5. On which of the following types of cheques alterations are not allowed by RBI?
Paper cheque
CTS cheque
Electronic cheque
Cheque with account payee crossing
None of the above

6. Which of the following statement is correct?
bearercheque can be transferred with endorsement and delivery only
ordercheque can be transferred with endorsement only
After a blank endorsement on an order cheque, the cheque can be negotiated further with delivery only
endorsement on a bearer cheque makes it an order instrument
None of the above

7. Which of the following types of cheques can be endorsed?
account payee cheques
bearer cheques
cheques payable to the order
cheque with restricted endorsement
None of the above

8. Which of the following cannot be endorsed?
A fixed deposit receipt
A bank draft
A Promissory note
A usance bill of exchange
A cheque

9. Restrictive endorsement is one in which?
Endorser endorses an instrument conditionally
Endorser restricts the further transfer by the endorsee
Endorser endorses in favour of endorsee for his particular work
All of the above
None of the above

10. Account payee crossing is an direction of the drawer to?
To collecting banker
To drawee banker
To payee
To all endorsees
None of the above

               







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