Banking quiz

Which is a negotiable instrument that is drawn on a specified banker only and not expressed to be payable otherwise than on demand?

• Bill of exchange

• Cheque

• Promissory note

• Pay in slip

Which of the following is not a traditional function of RBI?

• Exchange control

• Bankers bank

• Credit control measure

• Branch expansion policy

__________ is a document which guarantee the credit worthiness of the importer.

• Cheque

• Letter of credit

• Bill of exchange

• None of the above

What is MICR?

• Material Identify Clearance Recognition

• Magnet Identification Characteristic Recognition

• Magnetic Ink Characteristic Recognition

• Magnificent Ink Characteristic Recognition

The banker should not honour a cheque received by him after the issue of the ____________ by the court authority.

• Statement order

• Garnishee order

• Ombubsmen order

• No one

________ cheques contains a white path at the bottom in which you have various numbers

• Material Identify clearance Recognition

• Magnet Identified Character Recognition

• Magnificent Ink Characteristic Recognition

• Magnetic Ink Characteristic Recognition

Bank uses ________ impression of the customer to find out the genuineness of the cheque and avoid forgery.

• Left hand thumb finger

• Index finger

• Right hand thumb finger

• Verifying the customer signature

Negotiable instrument can be issued on for______________

• Tranfer of cash

• Payment of cash

• Withdraw of cash

• Deposit of cash

Who installed India's first ATM in Mumbai?

• HSBC

• ICICI

• IOB

• SBI

Pink label ATM is for?

• Agriculture

• Transfer of funds

• Women purpose

• E-Commerce