SET-VI

101. Overdue interest for all types of deposits can be paid in cash to     (d)
(a) Minor
(b) Guardian
(c) Depositor
(d) Legal heirs of a deceased depositor

102. Which of the following has been withdrawn?                                           (b)
(a) Credit Monitoring System                   (b) Credit Authorisation Scheme
(c) Credit Monitoring Arrangement        (d) None of the above

103. An executor of deceased account is appointed under                           (c)
(a) Trust                                                        (b) Court
(c) Will                                                           (d) Family tradition

104. Service area approach has been launched from                                      (b)
(a) January 1, 1990                                      (b) April 1, 1989
(c) April 1, 1992                                            (d) July 1, 1992

105. While granting an overdraft against the security of life insurance policy, the advance value is computed on the basis of                            (c)
(a) Total amount of the policy                 (b) Paid-up value of the policy
(c) Surrender value of the policy             (d) None of the above

106. Book-debits of a company can be charged to the bank by way of      (a)
(a) Hypothecation                           (b) Pledge
(c) Mortgage                                     (d) Lien

107. Which of the following has issued Master shares?                                  (c)
(a) RBI                                               (b) SBI
(c) UTI                                               (d) LIC

108. Which of the following schedules of Indian constitution deals with banking?                                                                                                                          (d)
(a) 5th                                                (b) 6th
(c) 7th                                                (d) 8th

109. Is there any limit for a currency transfer?                                                  (c)
(a) 10 lakhs                                       (b) 25 lakhs
(c) No limit                                       (d) 1 crore

110. Currency notes deposited in the currency chest are the property of (b)
(a) Respective bank                         (b) RBI
(c) SBI                                                (d) Government of India
111. The minimum amount to effect a currency transfer is                           (c)
(a) Rs. 500
(b) Rs. 2,000
(c) Rs. 1,000 withdrawal deposit Rs. 500
(d) Rs. 5,000 multiples of Rs. 1,000
112. Relationship between the RBI and the bank maintaining currency chest will    be of (c)
(a) Trustee and beneficiary           (b) Principal and agent
(c) Licensor and licensee               (d) Creditor and debitor

113. Indian currency means                                                                                       (a)
(a) One-rupee notes and coins under Indian Coinage Act, 1906
(b) Notes only
(c) Coins only
(d) None of the above
114. Which of the following notes cannot be exchanged?                              (b)
(a) Solid notes                      (b) Mismatched notes
(c) Mutilated notes              (d) All the above

115. Daily operations on the currency chest are advised to                          (d)
(a) RBI                                               (b) Concerned bank
(c) Main branch of the district      (d) Through link branch to RBI

116. Suprious coins detected at the counter are sent to                                  (a)
(a) Mint                                             (b) Government of India
(c) RBI                                               (d) IBRD

117. Signature on Re. 1 note is made by the Finance Secretary but on the other notes by                                                                                                                 (c)
(a) Prime Minister
(b) President of India
 (c) Governor of Reserve Bank of India
(d) Finance Minister

118. On a cheque instead of two parallel lines only bank’s name is written. It is a                                                                                                                                         (d)
(a) General crossing                                     (b) No crossing
(c) Payable to bearer                                   (d) Special crossing

119. A holder in due course of a cheque does not get protection from      (b)
(a) Irregularity of endorsement               (b) Without consideration
(c) Default in the title                                 (d) All the above

120. What is the minimum period of reinvestment deposits?                      (d)
(a) 1 month                                                   (b) 2 months

(c) 3 months                                                 (d) 6 months

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