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The meaning of the word “Garnishee” means

A. to consult
B. to warn
C. to punish
D. to convince

The ————– rule is followed in appropriation of accounts if neither debtor nor creditors do not
makes any specific appropriation
A. Paget’s
B. Kinlay
C. Sheldon
D. Claytons

In India, the law regulating the Negotiable instruments are


A. Banking Regulation Act 1949
B. Reserve Bank of India Act 1934
C. Negotiable Instruments Act 1881
D. Companies Act 1956

MICR stands for


A. Magnetic Ink Character Recognition
B. Magnetic Ink Company Recognition
C. Magnetic Ink Cross Recognition
D. Magnetic Ink Community Recognition

The idea behind the bankers right to set-off is to enable the banker to reduce the ———– amount due
to him from a customer
A. Gross
B. Net
C. Partial
D. None of the above

Which one of the following is material alteration?


A. Alteration of the date of the date
B. Alteration of amount
C. Alteration of crossing
D. all the above
Usually incidental charges are levied on _________ type of account holders.
A. Savings account
B. Fixed deposit account
C. Current Account
D. Recurring deposit account

The word “Garnishee” is derived from a Latin word


A. Garnire
B. Garn
C. Garnish
D. Garni

The right of set-off customers account can be exercised only by a


A. Creditors
B. Debtors
C. Banker
D. Customer

The bank can consider —————— lien as their protection against loss on loan or overdraft which was
given to its customers
A. Special
B. Particular
C. General
D. Lending.

The system of marketing information is_______ that pertains to marketing.


a. the structure of people, equipment and procedures for generation and processing of information
b. the software used for collection of information
c. the computer hardware which is used for handling database
d. the set of inputs to collate the information.

The______are the shares on which the dividend accumulates if it remains unpaid for a particular year.
a. convertible preference shares
b. cumulative preference shares
c. participatory preference shares
d. preferred shares

RBI is managed by a Board which consists of


(a) governor
(b) 4 deputy governors
(c) other directors
(d) members nominated by the Central Govt. and RBI
a. (a), (b) and (c) only
b. (b), (c) and (d) only
c. (a), (c) and (d) only
d. (a) to (d) all

The data/information provided by a credit information company to member banks is called


a. Primary market
b. Secondary market
c. Money market
d. Insurance market

An NRE-RA account can be opened


a. current, saving RD only
b. saving, RD and FD only
c. saving, current, RD and FD only
d. FD and saving only

Which of the following is part of off-site supervision of banks by RBI?


(a) Analysis of statement called from banks
(b) analysis of balance sheet of the bank
(c) meeting with the management periodically
(d) rating reports of rating agencies 6/7
a. (a) to (d) all
b. (a), (b) and (c)
c. (a), (c) and (d)
d. (b), (c) and (d)

In which of the following types of funds is the investment made exclusively in govt. securities?
a. Liquid funds
b. Gilt funds
c. Sector specific funds
d. Index funds

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