wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Banking

Total questions: 40

Worksheet time: 23mins

Name
Class
Date
1.

Which type of check endorsement begins with name "Pay to Marcia Bernas....

a)

blank

b)

restrictive

c)

special/full

2.

Which type of check endorsement would consist of an individual's signature only.

a)

blank

b)

restrictive

c)

special/full

3.

A cheque that is older that 3 months old is called a stale check.

a)

true

b)

false

4.

The drawer is the person writing cheque

a)

True

b)

False

5.

What type of endorsement is the most secure?

a)

Blank Endorsement

b)

Restrictive Endorsement

c)

Endorsement in Full

d)

Full Endorsement

6.

A bank is...

a)

a business that keep money for customers and makes loans.

b)

a company that uses your money for bartering.

c)

an organization that holds money and other valuable assets.

d)

a business that borrows money from you.

7.

A sum of money borrowed for a certain amount of time is called a....

a)

loan

b)

down payment

c)

interest

d)

borrow

8.

Putting money into the bank is called a...

a)

deposit

b)

loan

c)

interest

d)

withdrawal

9.

The amount of money in your account is called the...

a)

balance

b)

final amount

c)

barter

d)

dividend

10.

This is?

a)

cheque

b)

currency

c)

coins

11.

What are the main types of deposits? (Select 3 options)

a)

Current Deposit

b)

Interest Deposit

c)

Fixed deposit

d)

Savings deposit

12.

What is the difference between current and fixed deposit?

a)

Current deposit is only for small sums of money

b)

Fixed deposits can be withdrawn any time, but current deposits can not

c)

Current deposits can be withdrawn any time, but fixed deposits can not

13.

What are the primary functions of commercial banks? (Select 2 options)

a)

accepting deposits

b)

collection of checks

c)

granting loans

d)

foreign exchange

14.

The person to whom the instrument is endorsed is called __

a)

Endorser

b)

Endorsee

15.

When the endorser makes his liability on the cheque dependent on the happening of a specified event, it is known as ___________ endorsement

a)

Special

b)

Conditional

c)

Restrictive

d)

Partial

16.

Under which circumstance cheque can be dishonored by bank (select 3 options)

a)

When it is a antedated cheque

b)

When it is a stale cheque

c)

When it is a mutilated cheque

d)

When it is an altered cheque without signature

17.

Which types of cheque can be en cashed?

a)

Bearer Cheque

b)

Order Cheque

c)

General Crossing

d)

Special Crossing

18.

From the following which type of cheque is safest

a)

Bearer

b)

Crossed

c)

Order

19.

The person to whom the amount is payable, is known as ______

a)

Drawer

b)

Drawee

c)

Payee

20.

A cheque bearing earlier date is called ______cheque

a)

Post dated

b)

Antedated

c)

Mutilated

21.

If the signature of drawer on cheque differs from the specimen signature, the bank may ______the cheque

a)

Honor

b)

Dishonor

22.

A cheque bearing later date is called ______cheque

a)

Post dated

b)

Stale

c)

Antedated

d)

Mutilated

23.

Overdraft facility is provided only on ____________deposit account

a)

Fixed

b)

Recurring

c)

Current

d)

Saving

24.

In which type of deposit account highest rate of interest is received by the customer

a)

Current deposit account

b)

Saving deposit account

c)

Fixed deposit account

d)

Recurring deposit account

25.

In which type of deposit account no interest is received by customer

a)

Current deposit account

b)

Saving deposit account

c)

Fixed deposit account

d)

Recurring deposit account

26.

Which book is an extract of summary customer's account

a)

Pay-in-slip book

b)

Cheque book

c)

Pass book

27.

In which type of deposit account customer is required to deposit and withdraw amount only once as per specified period there on

a)

Current deposit account

b)

Saving deposit account

c)

Fixed deposit account

d)

Recurring deposit account

28.

________required to be filled in at time of depositing cash of cheques

a)

Cheque leaf

b)

Pay-in-slip

c)

Pass book

d)

None of the above

29.

An account holder cannot withdraw money from his account through cheques

a)

True

b)

False

30.

Objectives of credit control includes

a)

To stabilize general price

b)

To keep exchange rate stable

c)

To promote income and employment

d)

To maintain growth of business activity

e)

All of the above

31.

CRR full Form - (a)   (write in all capitals on)

32.

When central bank wants to expand credit, it _______ the bank rate

a)

Reduces

b)

Increases

33.

SLR full form - (a)   (Write in all capitals on)

34.

An _________ in CRR reduces the capacity of commercial bank to grant credit

a)

Increase

b)

Decrease

35.

Commercial Banks have to keep a margin between the amount of loan granted and the market value of security against which the loan is granted

a)

False

b)

True

36.

Central is know as the Apex bank of the country

a)

True

b)

False

37.

The central bank is Banker's Bank hence it is also known as

a)

Lender of the last resort

b)

Lender of the first resort

c)

Lender to all organization

38.

Central bank is the only organization in the country who has the power of issuing currency notes.

a)

True

b)

False

39.

Agricultural banks are also known as ___________

a)

Land Mortgage Banks

b)

Indigenous Banks

c)

Farmer's Banks

40.

The central banks is the sole custodian of gold, foreign exchange and all other reserves of the country

a)

True

b)

False