SET-III

41. How many export processing zones are in India?                                      (b)

(a) 5                            (b) 6

(c) 7                            (d) 8  

42. FCNR accounts can be opened and maintained as                                     (c)

(a) Current Accounts                      (b) Savings Bank Accounts

(c) Term Deposit Accounts            (d) Recurring Deposits

43. In the case of FCNR accounts the payment of interest is effected in   (c)

(a) Indian Rupee

(b) Only in Pound (£)

(c) Same currency in which deposit stands

(d) Yen

44. What comprises financial statement ?                                                            (d)

(a) Profit and Loss Account           (b) Balance sheet

(c) Funds-flow-statement              (d) All the above

45. Profit and Loss Account represents                                                                  (d)

(a) Position of profit on a particular date

(b) Position of profit for a given period

(c) Position of loss for a given period

(d) B and C above

46. Balance sheet is                                                                                                           (a)

(a) Statement of assets and liabilities on a particular date

(b) Statement of profit and loss on a particular date

(c) Position of cash balance

(d) Statement of assets and liabilities for a particular year

47. Balance sheet analysis helps in                                                                            (d)

(a) Ratio analysis                                        (b) Trend

(c) Inter-firm comparison                         (d) All the above

48. Banks are required to maintain SLR under                                                    (a)

(a) Section 24 of the Banking Regulation Act

(b) Section 49 of the Banking Regulation Act

(c) Section 24 of RBI Act

(d) None of the above

49. CRR is required to maintain in the form of                                                    (b)

(a) Approved Government Securities

(b) Cash with RBI

(c) Cash with bank

(d) All the above

50. Working capital requirement depends upon                                                 (c)

(a) Level of activity              (b) Types of business carried

(c) All the above                   (d) None of the above

51. For which of the following categories the payment can be stopped ?  (b)

(a) Gift cheque                     (b) Cheque

(c) Bill of Exchange            (d) Promissory Notes

52. The introducer is liable to the bank under the                                              (b)

(a) Indian Penal Code         (b) RBI Act

(c) Contract Act                    (d) NI Act

53. Cheque bearing ‘Non-negotiable’ crossing is endorsed to other person.

In this case the endorsee becomes                                                                               (a)

(a) Holder for value                        (b) Holder in due course

(c) Holder only                                (d) Endorsee only

54. Which of the following are legal tender?                                                            (c)

(a) Drafts                   (b) Cheques

(c) Currency notes   (d) Government drafts

55. In which of the Acts specimen of the cheque, bill, promissory note is given?                                                                                                                                                       (d)

(a) Negotiable Instruments Act    (b) Banking Regulation Act

(c) Mercantile Law                          (d) None of the above

56. Which of the following negotiable instruments can be crossed to the

banks?                                                                                                                                        (c)

(a) Cheques                             (b) Drafts

(c) Bills of Exchange              (d) All the above

57. Which of the following can be issued payable to bearer?                             (a)

(a) Cheque                                       (b) Draft    

(c) Bill of Exchange                         (d) Demand Promissory Notes

58. Protection is available to the collecting bank for the following                 (d)

(a) Bill of Exchange             (b) Promissory Note

(c) Usance Bills                    (d) Cheque

59. Crossing denotes                                                                                                             (d)

(a) Cheque cannot be transferred by the payee.

(b) A direction to the paying bank to pay the Cheque through a bank.

(c) Cheque will be paid through clearing only.

(d) Not payable across the counter but will be credited to the account of the holder.

60. A ‘Non-negotiable’ crossing is a                                                                                  (a)

(a) General crossing                               (b) Special crossing

(c) Restricted crossing                           (d) Non-transferable crossingSET