Banking Terminology Online Test

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Banking Terminology

Description: Terminology - 1
Number of Questions: 15
Created by: Niharika Sharma
Tags: Terminology - 1 Banking Terminology

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Which of the following is the Capital Market Regulator?

RBI
IRDA
NSE
SEBI
BSE

Payment of a cheque cannot be made on a cash counter of bank if the cheque is

bearer
cross
order
All of the above
None of these

NEFT stands for

Non-Electonic Fund Transfer
National electronic funds transfer
National Electronic Finance Transfer
None of these

Which of the following is not an example of 'near-money'?

Bill of exchange
Bonds and debentures
Equity shares of Ranbaxy company limited
Treasury bills of the Government of India

What is bank draft?

Letter from a bank
Cheque which a bank draws itself
Instruction to a banker to collect a customer's debt
Instruction not to honour a stop payment
None of these

The principal liability of a Joint Stock Bank relates to

it's investment abroad
it's investment at home
repayment of it's customer's deposits
it's requirements to make special deposits when requested

All of the following are the liabilities of Commercial Banks, except

security holdings
treasury deposit at banks
demand deposits and time deposits
borrowings from Central Bank
None of these

A 'stale' cheque is the one that is

over six months old
over three months old
cancelled by the drawer
written on an account which is overdrawn
convening an overdue payment

What is the full form of 'P.O.S.'?

Price on sale
Power of sale
Point of sale
Pick on sale
None of these

NDS is

Negotiated Dealing System
Negotiated Digital System
New Digital System
New Dealing system

‘Fiat Money’ is that which is

accepted by overseas banks only
decreed as money by the government
backed by gold or silver
accepted temporarily in lieu of gold
None of these.

INFINET stands for

Indian Financial Network
Internal Financial Network
International Financial Network
Indian Financial New Electronic Transfer
Indian Non-Financial Network

‘Not Negotiable’ written on a cheque crossing means

the cheque cannot be paid to any one but the payee
the cheque is not presented by anyone other than the payee
an honest person receiving a stolen cheque is liable to repay the rightful owner
the cheque must be paid into a bank
none of these

Which of the following instruments cannot be endorsed in favour of a third party?

A fixed deposit receipt
A bank draft
A promissory note
Bill of exchange
None of these

The money market in our country consists of two sectors viz - the organised sector and the unorganised sector. Which of the following do not fall under the organised sector?

Reserve Bank of India, State Bank of India and Commercial Banks
Life Insurance Corporation of India and Geneal Insurance Corporation
Unit Trust of India
Indigenous bankers
Regional Rural Banks

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Banking Terminology

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