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Banking Theory Law & Practice

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

1. Reserve Bank of India is established on

a)

10 th Feb 1934

b)

1 st April 1935

c)

27 th March 1949

d)

1 st August 1950

2.

2. The bank can consider ____ lien as their protection against loan or overdraft which was given to its customer.

a)

General

b)

Special

c)

Particular

d)

Lending

3.

3. The right of set off of customer’s account can be exercised by

a)

Banker

b)

Customer

c)

Debtor

d)

Creditor

4.

4. A company which accepts demand deposit is called as

a)

Joint Stock Company

b)

Banking Company

c)

Manufacturing Company

d)

IT Company

5.

5. RTGS stands for

a)

Real Time Grass Sent

b)

Real Time Gross Settlement

c)

Rear Time Gross System

d)

None of the above

6.

6. The main aim of a banker for performing the subsidiary services is to earn _________ of the customers.

a)

Money

b)

Documents

c)

Valuable

d)

Goodwill

7.

7. A cheque dated subsequent to the date of its issue is called as

a)

Anti dated cheque

b)

Post dated cheque

c)

Crossed cheque

d)

Stale cheque

8.

8. ECS stands for

a)

Electric Censor System

b)

Electronic Clearing Service

c)

Electronic Cross System

d)

None of the above

9.

9. EFT is introduced by

a)

IRDA

b)

SBI

c)

RBI

d)

HDFC

10.

10.A Garnishee order is issued by

a)

Income tax authorities

b)

Bank

c)

Court

d)

None of the above