WorksheetsBA HYD MCQS ON BLP
Total questions: 50
Worksheet time: 17mins
Name
Class
Date
1.
RBI implemented the Basel III recommendations in india w.e.f
a)
01.01.2013
b)
31.03.2013
c)
01.04.2013
d)
30.09.2013
2.
The charge on movable assets without possession to be created is known as
a)
lien
b)
assignment
c)
Mortgage
d)
Hypothecation
3.
A minor can be allowed to open a Saving Bank account, where he
a)
could sign and his age is at least 12 years
b)
his age is above 16 years
c)
could sign in English and his age is 16 years
d)
could sign and his age is 10 years or above
4.
While making the payment to a blind person, the payment
a)
Should be got witnessed
b)
can be made without witness
c)
Witness must be person other than the passing official
d)
(a) and ( c)
5.
what is the minimum amount which a lok adalat can entertain when conducted by DRT
a)
Rs 5 lac
b)
Rs 10 lac
c)
Rs 10 lac and above
d)
above Rs 20 lac
6.
What is the relationship between a banker and a customer in case of safe custody of articles?
a)
bailer and bailee
b)
trustee and beneficiary
c)
bailee and bailer
d)
agent and principal
7.
With whom does a Partnership firm registered
a)
Registrar of firms
b)
Registrar of Companies
c)
Registrar of deeds
d)
Sub-registrar estates
8.
One of your customer lost the Fixed Deposit receipt issued by the Bank. TO obtain a duplicate FD he needs to furnish
a)
A Promisory note
b)
A Guarantee
c)
A Letter of credit
d)
An Indemnity Bond
9.
Which of the following is fund based facility
a)
Bank Guarantee
b)
Cash Credit
c)
Term loan
d)
Both B & C
10.
The full form of LLP
a)
Limited Liability Partership
b)
Limited Liability Pairing
c)
Learning Liability Partnership
d)
Limited Liability Proprietorship
11.
Banker and customer relationship comes to an end under which of the following circumstances
a)
Death of customer
b)
Insolvency of the customer
c)
Insanity of the customer
d)
All the above
12.
What is the limitation period for lodging complaint by complainant with the related Consumer Commission?
a)
1 year from date of cause of action
b)
1 year from date of transaction
c)
2 years from date of cause of action
d)
2 years from date of transaction
13.
Basel III capital regulations are based on 3 mutually reinforcing pillar. These pillars are (1) Pillar-1 minimum capital standards(2) supervisory review of capital capital adequacy (3) risk management
a)
all the 3 are correct
b)
only 1 and 2 are correct
c)
only 1 and 3 are correct
d)
only 2 and 3 are correct
14.
A Bank Finances for purchase of car
a)
Hypothecation of car
b)
Mortgage of Car
c)
Pledge of Car
d)
Assignment of car
15.
Mention the consequences of the NPA
a)
erode profitability
b)
increase in provisioning
c)
decrease in lending capacity
d)
all of the above
16.
An account becomes NPA
a)
Where principal and or interest in TL has become due and not paid by the borrower for 75 days
b)
Where the cash credit account has been out of order for more than 90 days
c)
Where the bill purchased /discounted has become overdue and continues to be overdue for 87 days
d)
Where amount remains unpaid for less than two crop seasons for short duration and less than one crop season for long duration crop in case of all agriculture accounts.
17.
CTS 2010 standard is related to
a)
computer language
b)
security feature in Bank note
c)
The benchmark prescriptions for standardization of cheque books
d)
accounting standards
18.
As per provisions of Consumer Protection Act 2019, the Distt.Commission has the financial jurisdiction for claims upto Rs
a)
Rs 20 lac
b)
Rs 50 lac
c)
Rs 100 lacs
d)
above Rs 200 lac
19.
As per Basel III implementation in india, minimum Tier 1 capital must be ____% of risk weighted assets on ongoing basic:
a)
5.5%
b)
7%
c)
9%
d)
11%
20.
In case of collection of cheques and bills, the relationship of the banker with the customer is that of
a)
Banker as agent
b)
Bank as trustee
c)
Banker as debtor
d)
Banker as bailor
21.
What is the minimum balance that the Banks can stipulate in a Basic Savings Bank Deposit Account
a)
no such condition can be imposed
b)
Rs 10
c)
Rs 100
d)
RS 200
22.
Public Provident Fund (PPF) accounts can be opened by
a)
individual, HUF, minor
b)
firm, HUF,company
c)
individual,company,firm
d)
individual person only
23.
which type of charge is created on the book debts or life insurance policy or National Saving Certificate or bank deposit, in favour of banks
a)
pledge
b)
assignment
c)
Hypothecation
d)
Mortgage
24.
Banks are required to preserve the old records. The rules regarding preservation are framed by Central Govt.,as per Section 45Y of which of the following Act?
a)
Indian Evidence Act
b)
Limitation Act
c)
Banking Regulation Act
d)
RBI Act
25.
Which of the following securities are not covered under SARFAESI
a)
Pledge of the movables
b)
Lien on Goods, Money or Security
c)
Creation of security on Air Craft/any Vessel
d)
all of the above
26.
Banking Ombudsman Scheme -2017 was framed by RBI under section
a)
35a of BR act 1949
b)
Sec 17 of RBI act 1934
c)
Sec 20of BR act 1949
d)
Sec 22 of RBI act 1934
27.
Endorser does not have any liability this is which type of endorsment
a)
Restrictive Endorsement
b)
Conditional Endorsement
c)
Partial Endorsement
d)
Sans Recourse endorsement
28.
Which of the following types of cheques can be endorsed
a)
account payee cheques
b)
bearer cheques
c)
cheques payable to the order
d)
cheque with restricted endorsement
29.
A tenor of a bill is 3 months which is issued on 23.10.2023 it falls due on
a)
23.01.2024
b)
26.01.2024
c)
25.01.2024
d)
24.01.2024
30.
Charge creation in Registration of Charges should be done in
a)
45 days
b)
25 days
c)
30 days
d)
50 days
31.
Bank notes are legal tender and are guaranteed by Central government is mentioned under which section
a)
26 of RBI act 1934
b)
29a of RBI act 1934
c)
22 of BR act 1949
d)
28 of BR act 1934
32.
Banks have been prohibited to staple bank notes by RBI by issuing strict directives for implementation. Under which of the following, these directives have been issued?
a)
Section 35A of Indian Currency Act
b)
Section 35 A Negotiable Instrument Act
c)
Section 35 A of Banking Regulation Act
d)
Section 35A of Reserve Bank of India Act
33.
Which of the following is incorrect
a)
All cheques are bill of exchange
b)
All bills of Exchange are not cheques
c)
All bills of exchange are cheques
d)
all of the above
34.
On which of the following types of cheques alterations are not allowed by RBI
a)
Paper cheque
b)
CTS cheque
c)
Electronic cheque
d)
Cheque with account payee crossing
35.
A company becomes a Holding company of another company by
a)
holding > 50% of issued equity capital
b)
holding >50% of voting rights
c)
holding right to appoint the majority of directors
d)
All of the above
36.
Which of the following cannot be endorsed
a)
A fixed deposit receipt
b)
A bank draft
c)
A primissory note
d)
A usance bill of exchange
37.
Who can't be a partner as per partnership act
a)
HUF
b)
Partnership firm
c)
Limited Company
d)
Individual
38.
The instruments such as a) airway bill b) bank note c) letter of credit d) demand draft, are not treated as negotiable instrument. Which of these is correct ?
a)
a,b,c
b)
a,c,d
c)
a,b,c,d
d)
a,b,d
39.
After how many days of serving Demand Notice we can go for Symbolic Possession
a)
30
b)
60
c)
90
d)
45
40.
Complainant has to file complaint in Ombusdsman within ____ months from receiving a reply from Bank
a)
10
b)
11
c)
12
d)
13
41.
Right to adjust any credit balance in one account of the customer with debit balance is defined as per
a)
Right of General Lien
b)
Right of Appropriation
c)
Claytons Rule
d)
Right to set Off
42.
U/s 49 of RBI Act, which of the following is done by RBI
a)
announces bank rate
b)
publishes fortnightly statement of assets and liabilities
c)
prepares annual balancesheet
d)
frames RBI (Note Refund) Rule
43.
Counterfeit Currency Reporting to be done by
a)
10th of the succeeding month
b)
15th of succeeding month
c)
5th of Succeeding month
d)
20th of Succeeding month
44.
Crossing is a direction
a)
of drawer to the payee
b)
of endorser to endorsee
c)
of drawer to drawee bank
d)
none of the above
45.
In case of small accounts aggregate withdrawls should not exceed ___ per month
a)
Rs.1.00 Lacs
b)
Rs.50,000/-
c)
Rs.25,000/-
d)
Rs.75,000/-
46.
Who among the following is only a holder and not a holder in due course?
a)
Holder of a bearer cheque
b)
Holder of a crossed order cheque
c)
Holder of a Non-negotiable crossed cheque
d)
all of the above
47.
The cheque returning memo is enclosed with a returned cheque, to comply with:
a)
Negotiable Instrument Act
b)
RBI Act
c)
Banking Regulation Act
d)
RBI clearing House rules
48.
Which among the following cannot be treated as a material alteration
a)
holder converts an order cheque into a bearer cheque
b)
holder converts a special crossing into a general crossing
c)
holders fills the amount both in words and figures, which was blank earlier
d)
holder changes the amount in figures which was not matching to the amount in words
49.
For Which among the following , acceptance of the drawee of the instrument is required:
a)
demand promissory note
b)
usance promissory note
c)
demand bill of exchange
d)
usance bill of exchange
50.
Legal amount in cheque stands for
a)
amount in words
b)
amount in figures
c)
amount written as not over….
d)
amount in words and figures, whichever is higher
100 %
