paying banker protection

Which banker gets protection under section 85 of Negotiable Instrument Act, 1881?

The paying banker is protected under following SECTION for payment of cheque with forged signature of the drawer.

• Sec 89 of N.I act

• Sec 85[1] of N.I act

• Sec 131 of N.I act

• No protection is available

A cheque drawn payable to A or B or order is presented across the counter for payment by B alone

• 1] The cheque is to be returned as it can not be drawn payable to A or B.

• 2] Payment can be made after properly identifying B

• 3] Payment should be refused unless B produces the death certificate of A

• 4] Payment can be made with the consent of A only

Which bank has launched a co-branded ‘Small Business MoneyBack Credit Card’ for small traders in collaboration with CSC?

• 1) ICICI Bank

• 2) HDFC Bank

• 3) Bandhan Bank

• 4) DBS Bank

• 5) RBL Bank

In which of the following years Reserve Bank Information Technology Private Limited (REBIT) was found?

• 1) 2013

• 2) 2014

• 3) 2015

• 4) 2016

Which of the following statement(s) is/are true about SEBI?

i) The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India.

ii) It was established in the year 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992.

• a) Only i

• b) Only ii

• c) Both i and ii

• d) None

Oudh Commercial Bank was founded in _______.

• a) 1913

• b) 1917

• c) 1894

• d) 1881

Which was the second bank in India with limited liability?

• a) Punjab National Bank

• b) Imperial Bank of India

• c) New Bank of India

• d) State Bank of India

Which movement encouraged the formation of commercial banks?

• a) Swadeshi movement

• b) Quit India Movement

• c) Non Cooperation Movement

• d) Civil Disobedience Movement

In which year was the Banking Regulation Act passed?

• a) 1949

• b) 1955

• c) 1959

• d) 1969