Banking Awareness MCQs for Banking exams, IBPS, SBI

A. 6 months

B. 12 months

C. 3 months

D. 8 months

A. Less than Rs. 10 lakh

B. Less than Rs. 25 lakh

C. Rs. 50 lakh

D. Rs. 20 crore

A. Drawer

B. Paying banker

C. Collection banker

D. Everybody who touches the cheque

A. The payee can obtain payment only through a bank account

B. The payee Is compelled to open an account

C. The payee will have to endorse the cheque to a bank

D. None of these

A. The payee not to negotiate the cheque.

B. The paying banker to ensure that the proceeds of the cheque are credited to the payees a/c only.

C. The collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only.

D. None of the above

A. be attracted whether the cheques is ante-dated or post-dated provided it is presented within 3 months of the date of cheques or the period of validity, whichever, is earlier

B. not be attracted if the cheques is ante-dated

C. not be attracted if the cheques is post-dated

D. All of the above

A. Payment of a post-dated cheque

B. Payment of a crossed cheque across the counter

C. Payment of a cheques the payment of which has been countermanded

D. All of the above

A. Scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle

B. Debiting of drawer’s account through internet

C. Both of the above

D. None of these

A. The payee

B. The holder in due course

C. Both of the above

D. The paying banker

A. Bank

B. Company

C. Firm

D. Customer