Banking and Insurance (Part 32)

(311) Who among the following will sign the account opening form for opening a\r\ncurrent account in case of a partnership film where the firm has three partners\r\nand a minor, aged 17, has been admitted to the firm for benefits?

 (1) \r\nall the three and the father of the minor

 (2) all the three and natural\r\nguardian of the minor

 (3) all the three and the minor\r\nhimself

 (4) all the three partners only

 (5) any of the above

(312) If a cheque is crossed as account payee, this is direction of _,to_:

 (1) payee, paying bank

 (2) payee, collecting bank

 (3) drawer, paying bank

 (4) drawer, collecting bank

 (5) drawer, paying & collecting\r\nbank

(313) In terms of recommendations of Tandon Committee, which of the following is\r\nconsidered as ideal current ratio by banks for sanction of term loans:

 (1) 1:1  

 (2) 1.17:1

 (3) 1.25:1

 (4) 1.33:1

 (5) none of the above

(314) For the purpose of creation of equitable mortgage, who notifies the places\r\nfor deposit of title deeds:

 (1) Central Govt,

 (2) Local self Govt,

 (3) President of India

 (4) Governor of the State

 (5) State Govt.

(315) In deposit accounts, the photographs are obtained. Why ?

 (1) to avoid frauds

 (2) to avoid irregularities

 (3) to detect irregularities in\r\nfinancial transactions

 (4) to comply with UN directives

 (5) to check benami accounts /\r\ntransactions

(316) Which among the following has formulated the govt, sponsored scheme called\r\n‘ Swaran Jayanti Gram Swarozgar Yojana ?

 (1) \r\nAgricultural Deptt of State Govt,

 (2) Ministry of Agriculture of State\r\n

 (3) Union Ministry of Rural\r\nDevelopment

 (4) Distt. Rural Development Agency

 (5) Lead Bank of the concerned Distt

(317) In a private limited company the minimum and maximum no. of shareholders\r\ncan be:

 (1) 1 and 20

 (2) 20 and 100

 (3) 100 and 1000

 (4) 2 and 50

 (5) None of above

(318) What is the meaning of a scheduled bank ?

 (1) The bank functioning under\r\nprovisions of Banking Reg. Act 1949.

 (2) The bank included in 2nd schedule\r\nof RBI Act 1934.

 (3) The bank incorporated under\r\nBanking Companies Act 1956.

 (4) The bank authorised to do\r\nbanking functions.

 (5) bank issued a license by RBI\r\nmentioning therein that it is a scheduled bank

(319) Who fixes the scale of finance for crop loan for agricultural advances in\r\nIndia:

 (1) Distt Crop Committee

 (2) Distt Technical Committee

 (3) State Agri. Deptt

 (4) State Technical Committee

 (5) None of above

(320) Section 31 of RBI Act permits only RBI and Central Govt, to issue/draw:

 (1) \r\nbills payable to bearer on demand

 (2) promissory notes payable to\r\nbearer on demand

 (3) cheques payable to bearer on\r\ndemand

 (4) 1 & 2 above

 (5) 1 to 3

Answers : (311) 4 (312) 4 (313) 5 (314) 5 (315) 5  (316) 3 (317) 4 (318) 2 (319) 2 (320) 4

Labels