Banking quiz : Set 24

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1). Account payee crossing is an direction of the drawer to?
a) To collecting banker
b) To drawee banker
c) To payee
d) To all endorsees
e) None of these

2).Mixed economy means ______
a) Co-existence of small and large industries
b) Co-existence of public and private industries
c) Co-existence of the rich and poor
d) Promoting both agriculture and industries in the economy
e) None of these

3). A _______offers loans to people starting their own business”
a) Bank
b) Credit Union
c) Pawnshop
d) Both a) and b)
e) None of These

4). Which of the following cannot be called as a Debt Instrument as referred in financial
transactions?
a) Certificate of Deposits
b) Bonds
c) Stocks
d) Commercial Papers
e) None of these

5).All coins that are minted in Noida has _______
a) Dot
b) Star
c) Diamond
d) No mark
e) None of these

6). Obtaining cash from an ATM is similar to:
a) Writing a Cheque
b) Open any Account
c) Any banking transaction
d) Both a) and b)
e) None of These

7). Which of the following cannot be endorsed?
a) A fixed deposit receipt
b) A bank draft
c) A Promissory note
d) A usance bill of exchange
e) None of these

8).What is a Green Index?
a) It measures the nation’s wealth according to GNP per Capita
b) It measures the nation’s wealth according to GDP per Capita
c) It measures nation’s wealth according to provisions of control on greenhouse gases
d) It measures the nation’s wealth in terms of coverage of forest area.
e) none of these

9). A ______ endorsement includes the words “FOR DEPOSIT ONLY”:
a) Restrictive
b) Predictive
c) Conductive
d) Both a) and c)
e) None of These

10). In a company the use of price sensitive corporate information by the Company – people to
make gains or cover losses is known as?
a) insider trading
b) future trading
c) foreign trading
d) stock trading
e) None of these

Answer:

1).a)
2).b)
3).c)
4).c)
5).a)
6).a)
7).a)
8).c)
9).a)
10).a)