MCQS on Banking and Insurance (Part-3)

 41) As per the Act Negotiable instrument means-------- 

a) Document 

b) Transferred instrument 

c) Exchange instrument 

d) Promissory note 

42) Bill of exchange is a------------ 

a) Printed form 

b) Crossing 

 c) Need not be a printed form 

d) Conditional order 

43) ---------cheque is easily transferred from one person to another by mere delivery 

a) Open cheque 

b) Bearer cheque 

c) Order cheque 

d) Stale cheque 

44) The payees name is written on the cheque is called-----------. 

a) Multivalued cheque 

b) Open cheque 

c) Crossed cheque 

d) Order cheque 

45) -----------cheque cannot be transferred from one person to another person by mere delivery. 

a) Open cheque 

b) Crossed cheque 

c) Order cheque 

d) Stale cheque 

46) A cheque can be crossed by drawing two transverse parallel lines through top left corner of cheque is called -------------. 

a) General crossing 

b) Special crossing 

c) Crossed cheque 

d) Post dated cheque 

47) If a cheque is torn into two or more pieces and presented for payment is called a------------- 

a) Mixed cheque 

b) Mutilated cheque 

c) Group cheque 

d) Anyi-dated cheque 

48) Cheque in which the drawer mentions the date earlier to the date of presenting it for payment is called ----------- 

a) Anti-dated cheque 

b) Crossed cheque 

c) Post dated cheque 

d) None of these 

49) If a cheque has bears a date which is yet to come is termed as a 

a) Post dated cheque 

b) Anti-date cheque 

c) Marketting cheque 

d) Stale cheque 

50) -------------- is a person who became the possessor or payee of a negotiable instrument for a consideration. 

a) Holder 

b) Electronic cheque 

c) Holder in due course 

d) Holder of the instrument 

51) ---------------cheque is generated written and signed electronically . 

a) e-cheque 

b) cheque truncation 

c) Paperless cheque 

d) Electronic cheque 

52) The physical monument of a paper cheque is sued stop is 

a) Electronic cheque 

b) Marketing cheque 

c) Cheque Truncation 

d) Mutilated cheque 

53) In general crossing two ______ transverse lines are compulsory 

a) Parallel 

b) Vertical 

c) Horizontal 

 d) Straight 

54) __________ means signing on the back of negotiable instrument with a view to transfer the title in the instrument to another person 

a) Under writing 

b) Document 

c) Instrument 

d) Endorsement 

55) Cheque contains a previous date is_____________ 

a) Stale cheque 

b) Ante dated cheque 

c) Post dated cheque 

d) MICR cheques 

56) NABARD was set up on 

a) 1962 

b) 1952 

c) 1982 

d) 1972 

57) ________ is one of the aspects of Micro Finance 

a) Macro credit 

 b) Mobilization of credit 

c) Micro credit 

d) Micro debit 

58) __________is the provision of credit service to poor clients 

a) Micro credit 

b) Micro finance 

c) Macro credit 

d) Macro finance 

59) ________ is the apex co-operative bank in a state 

a) State co-operative Bank 

b) District co-operative Bank 

c) Co-operative Society Bank 

d) Central Co-operative Bank 

60) The nationalization of 14 major commercial bank was in June 1969 & six more banks were nationalized in April 

a) 1972 

b) 1980 

c) 1979 

d) 1984