Banking Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams. So attempt all the sets now.
- The primary relationship between a banker and customer starts from the time
A) when customer visits that bank
B) when customer opens account
C) when customer visits that bank to made queries
D) All of the above
- Dishonour of cheque by a banker without any justifiable reason is called
A) Valid dishonour of cheques
B) Unmindful dishonour of cheques
C) Negligence dishonour of cheques
D) Wrongful dishonour of cheques
- ______________ is the right of a person to retain the property of another person in his possession until the debt from that owner of that property is repaid
A) Lien
B) Retainment
C) Retrenchment
D) Libel
- 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
- The ______________ rule is followed in appropriation of accounts if neither debtor nor creditors does not makes any specific appropriation
A) Pagets
B) Kinlay
C) Sheldon
D) Claytons
- The right of set-off customers account can be exercised only by a.______?
A) Creditors
B) Debtors
C) Banker
D) Customer
- How many sections are there in total in Banking Regulation Act 1949?
A) 48
B) 54
C) 47
D) 56
- Which of the following section in the Banking Regulation Act 1949 defines the use of words “bank”, “banker”, “banking” or “banking company”?
A) Section 1
B) Section 7
C) Section 2
D) Section 3
- Which section of Banking Regulation Act 1949 give Power to the Reserve Bank to give directions?
A) Section 42
B) Section 42A
C) Section 47
D) Section 35A
- Which of the following falls under Section 11 of Banking Regulation Act 1949?
A) Restrictions on loans and advances.
B) Restrictions as to payment of dividend.
C) Cash Reserves
D) Requirement as to minimum paid-up capital and reserves.I