Quiz 245 : Money Business and Finance for Bank Examinations

1.

In which year Negotiable Instruments act came into force?

[A] 1880
[B] 1882
[C] 1883
[D] 1885

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2.

Which among the following is very similar to Hundi?

[A] Promissory Note
[B] Demand Draft
[C] Bill of Exchange
[D] Cheque

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3.

Which of the following acts was amended by the parliament in 1989, with a view to restore the faith in business transactions through cheques and speedy remedy in case of bouncing cheques?

[A] Negotiable instruments Act 1881
[B] Companies Act 1956
[C] Reserve Bank of India Act 1934
[D] Banking Regulation Act, 1949

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4.

Lessor and Lessee is a relationship between a bank and its customer in which of the following?

[A] Cash Deposits
[B] Loans
[C] Securities
[D] Safe Deposit Locker

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5.

From which of the following years Ecommerce in India, online transactions and digital signatures were made legally valid?

[A] 1998
[B] 1999
[C] 2000
[D] 2001

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6.

Which among the following is the oldest and most common form of Electronic Funds Transfer System?

[A] Wire transfers
[B] Automatic Teller Machines
[C] Cash Dispensers
[D] Point of Sale Terminals

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7.

Which among the following committees gave its recommendations on “Customer Service”?

[A] Bhootlingam Committee
[B] Dantwala Committee
[C] A Ghosh Committee
[D] Goiporia Committee

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8.

Which among the following committees recommended drastic changes in the present framework in Industrial sickness, The Sick Industrial Companies Act (SICA) and Board for Industrial & Financial Reconstruction (BIFR)?

[A] Narsimhamam Committee
[B] Jilani Committee
[C] PD Ojha Committee
[D] Omkar Goswami Committee

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9.

In which year Reserve bank of India introduced Special Fund Facility for Security Settlement SFFSS?

[A] 1999
[B] 2000
[C] 2001
[D] 2002

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10.

What is the full form of ESOS?

[A] Exchange Stock Option Scheme
[B] Exchange System of Option Shares
[C] Employee System of Operation in Stocks
[D] Employee Stock Option Scheme

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Comments

  • Anonymous
    Reply

    Res Sir, Thnx a ton

    Pl check in Q 17 Deprecation is to be replaced by Dumping

  • Gaurav
    Reply

    Thanks alot!!

  • Anonymous
    Reply

    great sir…….

  • Anonymous
    Reply

    nice
    exellent
    lot of helpfunl…