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Banking quiz

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

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

a)

Bill of exchange

b)

Cheque

c)

Promissory note

d)

Pay in slip

2.

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

a)

Exchange control

b)

Bankers bank

c)

Credit control measure

d)

Branch expansion policy

3.

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

a)

Cheque

b)

Letter of credit

c)

Bill of exchange

d)

None of the above

4.

What is MICR?

a)

Material Identify Clearance Recognition

b)

Magnet Identification Characteristic Recognition

c)

Magnetic Ink Characteristic Recognition

d)

Magnificent Ink Characteristic Recognition

5.

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

a)

Statement order

b)

Garnishee order

c)

Ombubsmen order

d)

No one

6.

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

a)

Material Identify clearance Recognition

b)

Magnet Identified Character Recognition

c)

Magnificent Ink Characteristic Recognition

d)

Magnetic Ink Characteristic Recognition

7.

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

a)

Left hand thumb finger

b)

Index finger

c)

Right hand thumb finger

d)

Verifying the customer signature

8.

Negotiable instrument can be issued on for______________

a)

Tranfer of cash

b)

Payment of cash

c)

Withdraw of cash

d)

Deposit of cash

9.

Who installed India's first ATM in Mumbai?

a)

HSBC

b)

ICICI

c)

IOB

d)

SBI

10.

Pink label ATM is for?

a)

Agriculture

b)

Transfer of funds

c)

Women purpose

d)

E-Commerce