Page 50 - Banking Finance May 2019 N

BANK PROMOTION

1) The nominee will be asked to adjust the account 18. Certificate of deposit can be issued for minimum
2) Legal heirs will be served the notice of the outstanding 1) 7 days 2) 15 days
liability and for its adjustment 3) 1 year 4) 6 months
3) Bank will present the NSC directly to post office and
claim the amount for adjustment of the loan 19. Certificate of deposit can be issued for
4) Any of the above 1) 1 lakh and multiple of 1 lakh
2) 5 lakhs and multiple of 1 lakh
10. Under which of the following documents the bank 3) one lakh and multiple of 5 lakhs
collects supply bills: 4) 5 lakhs and multiple of 5 lakhs
1) Mandate 2) Letter of Authority
3) Indemnity Bond 4) Power of Attorney 20. As per RBI note exchange rules, soiled/mutilated
notes of Rs 10 and above can be exchanged for :
11. A fixed deposit holder aged 70 years wants TDS not
1) full value or no value
to be deducted on the interest. He will have to 2) full value or half value
submit form
3) half value or no value
1) 15-H 2) 15-G
4) full value or half value or no value
3) 60 4) 61

12. The ceiling for referring cases to LOKADHALAT is 21. The agreement to buy and sell foreign exchange
1) 10 lakhs 2) 20 lakhas agreed upon and executed on the same day the
3) one crore 4) 15 lakhs transaction is known as
1] Cash transaction 2] Spot transaction
13. Who can not be a nominee in the following in case 3] Forward contract 4] Option
of a deposit account
1) male minor 2) female minor 22. In foreign exchange operations ,normally day light
3) married woman 4) blind person position is _________
5) none Overnight position
1) less than 2) more than
14. Any change in the prescribed minimum balance and 3) equal to 4) twice
charges that may be leived to be informed to
customers atleast (as per BCSBI) 23. Capturing electronics features of a cheque through
1) One month in advance 2) 3 months in advance electronic transmission is called
3) 7 days in advance 4) 6 months in advance 1) Electronic cheque 2) cheque truncation
3) core banking 4) inter net banking
15. Which of the following does not attract TDS and can
not be closed before maturity
24. Gold card scheme is meant for
1) RDS2) CERT OF DEPOSIT
1] Importers 2] Exporters
3) SAVINGS 4) NONE
3] Foreign citizens 4] Person of Indian origin
16. Commercial paper can be issued for maximum
1) 7 days 2) 15 days 25. It is obligatory on the part of A.D. to ensure that the
importer submits documentary evidence of import
3) not more than1 year 4) 6 months
if the value of Foreign Exchange remitted/ paid
17. Commercial paper can be issued for exceeds
1] USD 25000 2] USD 100000
1) 1 lakh and multiple of 1 lakh
3] USD 10000 4] USD 500013.
2) 5 lakhs and multiple of 1 lakh
3) one lakh and multiple of 5 lakhs
4) 5 lakhs and multiple of 5 lakhs Ans on Page 54

50 | 2019 | MAY | BANKING FINANCE