Question 1

Payment of cheque can be stopped by

Accepted Answer

A) Beneficiary 
B) Nominee 
C) Drawer of cheque 
D) All of the above 
A) Beneficiary 
B) Nominee 
C) Drawer of cheque 
D) All of the above

Question 2

Currency notes of Rupee 1 and its subsidiary coins are issued by the

Accepted Answer

A) RBI 
B) SBI 
C) Ministry of Finance, Government of India 
D) Securities & Exchange Board of India. 
A) RBI 
B) SBI 
C) Ministry of Finance, Government of India 
D) Securities & Exchange Board of India.

Question 3

A Central Bank is the sole authority for

Accepted Answer

A) Printing and Issuing currency note 
B) Lending to public 
C) Accepting deposits from customer 
D) Issuing cheques 
A) Printing and Issuing currency note 
B) Lending to public 
C) Accepting deposits from customer 
D) Issuing cheques

Question 4

The legal obligation to honour cheques is subject to:

Accepted Answer

A) The cheque being post-dated 
B) The cheque being drawn on another bank 
C) The cheque being drawn by the depositor 
D) The cheque being drawn on the account where there is insufficient balance 
A) The cheque being post-dated 
B) The cheque being drawn on another bank 
C) The cheque being drawn by the depositor 
D) The cheque being drawn on the account where there is insufficient balance

Question 5

_________is an instrument which is used for transfer of funds

Accepted Answer

A) Cheque book 
B) Demand draft 
C) Pass book 
D) None 
A) Cheque book 
B) Demand draft 
C) Pass book 
D) None

Payment of cheque can be stopped by

Currency notes of Rupee 1 and its subsidiary coins are issued by the

A Central Bank is the sole authority for

The legal obligation to honour cheques is subject to:

_________is an instrument which is used for transfer of funds

Banking Terms and Concepts: From Demand Deposits to Central Banks and Rtgs

Banking and Finance Terminology

Banking and Cheque-Related

Banking Terminology and Functions

Banking and Insurance

Understanding Insurance and Its Components

Insurance Policy Types and Terms

Insurance Terminology and Concepts

Banking History and Classification in India

Banking and Financial Services: A Compilation of Questions

Banking and Finance FAQS

Banking, Monetary Policy, Cooperative Banks, Credit Control, Insurance, and Risks

Insurance Principles, Functions, and Benefits

Insurance Sector and Policies: A Comprehensive Overview

Understanding Principles and Types of Insurance Policies

Filters

Exam 12: Various Questions on Banking and Reserve Bank of India

Payment of cheque can be stopped by

Currency notes of Rupee 1 and its subsidiary coins are issued by the

A Central Bank is the sole authority for

The legal obligation to honour cheques is subject to:

_________is an instrument which is used for transfer of funds

Banking Terms and Concepts: From Demand Deposits to Central Banks and Rtgs

Banking and Finance Terminology

Banking and Cheque-Related

Banking Terminology and Functions

Banking and Insurance

Understanding Insurance and Its Components

Insurance Policy Types and Terms

Insurance Terminology and Concepts

Banking History and Classification in India

Banking and Financial Services: A Compilation of Questions

Banking and Finance FAQS

Banking, Monetary Policy, Cooperative Banks, Credit Control, Insurance, and Risks

Insurance Principles, Functions, and Benefits

Insurance Sector and Policies: A Comprehensive Overview

Understanding Principles and Types of Insurance Policies

Filters