Banking Awareness Quiz 5-9-2016

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Banking Awareness Quiz

Welcome to Banking Awareness Quiz in gkshort.in. Here we are making test covering vital inquiries which are basic for all the bank exams and other aggressive exam.

1). The most secure type of Crossed Check is _____

A. Deceiving

B. General Crossing

C. Uncommon Crossing

D. Account payee crossing

E. Nothing unless there are other options

D. Account payee crossing

Clarification:

In Account payee crossing the sum won’t be paid to anyone over the counter. It will be credited to the record of the payee as it were. In this manner account payee crossing guarantees safe exchange of assets.

2). _______ is a watch that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the check.

A. Crossed Check

B. Open Check

C. General Crossing

D. Prohibitive Crossing

E. Nothing unless there are other options

B. Open Check

Clarification:

An open check is a watch that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the check.

3). The words ‘not debatable’ can be added to _______

A. Deceiving

B. General Crossing

C. Extraordinary Crossing

D. Both (B) and (C)

E. Both (An) and (B)

D. Both (B) and (C)

Clarification:

The words ‘not debatable’ can be added to general-intersection and in addition unique intersection and an intersection with these words is known as not debatable intersection. The impact of such an intersection is, to the point that it evacuates the most critical normal for a debatable instrument.

4). Which of the accompanying supports is not legitimate?

A. Prohibitive Endorsement

B. Halfway Endorsement

C. Contingent Endorsement

D. Facultative Endorsement

E. Both (An) and (B)

B. Halfway Endorsement

Clarification:

In the event that the bill purposes to be supported for a part of the sum payable, the underwriting is called fractional. It is legitimately incapable.

5). On the off chance that the underwriting makes the installment of a bill subject to the satisfaction of a condition the support is called _______

A. Prohibitive Endorsement

B. Incomplete Endorsement

C. Restrictive Endorsement

D. Facultative Endorsement

E. Both (An) and (B)

C. Restrictive Endorsement

Clarification:

On the off chance that the underwriting makes the installment of a bill subject to the satisfaction of a condition the support is called Conditional Endorsement.

6). Which of the accompanying underwriting indicates the name of the transferee for the installment of the bill?

A. Prohibitive Endorsement

B. Incomplete Endorsement

C. Restrictive Endorsement

D. Facultative Endorsement

E. Extraordinary Endorsement

E. Extraordinary Endorsement

Clarification:

An underwriting which indicates the name of the transferee for the installment of the bill is called uncommon support.

7). On the off chance that the endorser signs, yet does not give his/her name to whom he/she wishes to exchange the check is called _________

A. Prohibitive Endorsement

B. Fractional Endorsement

C. Contingent Endorsement

D. Facultative Endorsement

E. Clear Endorsement

E. Clear Endorsement

Clarification:

In the event that the endorser signs, however does not give his name to whom he wishes to exchange the check is called Blank Endorsement.

8). At the point when an endorsee surrender some of his/her rights then it is called __________

A. Prohibitive Endorsement

B. Fractional Endorsement

C. Contingent Endorsement

D. Facultative Endorsement

E. Clear Endorsement

D. Facultative Endorsement

Clarification:

At the point when notification of disrespect is gotten by the endorsee rather than endorser it is known as facultative support.

9).The endorser communicates that he/she would not be at risk for any costs brought about by endorsee or any holder, if there should be an occurrence of disrespect of the instrument the underwriting is called __________

A. Prohibitive Endorsement

B. Fractional Endorsement

C. Contingent Endorsement

D. Facultative Endorsement

E. Sans plan of action Endorsement

E. Sans plan of action Endorsement

Clarification:

The endorser communicates that he would not be at risk for any costs acquired by endorsee or any holder, in the event of disrespect of the instrument the support is called Sans plan of action Endorsement.

10).Which of the accompanying is an underwriting that confine the further arrangement of the bill?

A. Prohibitive Endorsement

B. Halfway Endorsement

C. Restrictive Endorsement

D. Facultative Endorsement

E. Sans plan of action Endorsement

A. Prohibitive Endorsement

Clarification:

An underwriting which confine the further arrangement of the bill.

 

 

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