Banking Transactions MCQs with Answers

FOLLOWING  MCQs ARE RELATED TO BANKING TRANSACTIONS WITH ANSWERS

1)  Bank does not issue cheque book on:

(A)  Current account

(B)  Fixed deposit account

(C)  Saving bank account

(D) All of the above

Answer

Option B

2)  Bank issue bank statement on:

(A)  Current account

(B)  Saving bank account

(C)  Fixed deposit account

(D)  a & b

Answer

D

3)  Bank gives overdraft facility on:

(A)  Saving bank account

(B)  Fixed deposit account

(C)  Current account

(D)  All of the above

Answer

Option C

4)  A business man like to open account with bank:

(A)  Fixed deposit account

(B)  Saving bank account

(C)  Current account

(D)  None of them

Answer

Option C

5)  Commission of bank draft paid by:

(A)  Bank himself

(B)  Purchaser of draft

(C)  Payee

(D)  All of the above

Answer

Option B

6)  Bank charge collecting fee of out station cheque from:

(A)  Drawer

(B)  Drawee

(C)  Payee

(D)  None of them

Answer

Option C

7)  Dishonored cheque is returned by the bank to:

(A)  Drawer

(B)  Drawee

(C)  Payee

(D)  Depositor

Answer

Option D

8)  Bank does not make the payment of cheque on the counter for:

(A)  Bearer cheque

(B)  Order cheque

(C)  Cross cheque

(D)  None of these

Answer

Option C

9)  On opening current account, Bank issue to his client:

(A)  Cheque book

(B)  Pass book

(C)  Both a & b

(D)  None of them

Answer

Option C

10)  Payment can be made any time during business hours on:

(A)  Saving bank account

(B)  Fixed deposit account

(C)  Current account

(D)  All of the above

Answer

Option D

Check Also

GMAT Critical Reasoning Questions Practice Test 2

GMAT Critical Reasoning Questions Practice Test 2 for those who want to test their GMAT …

You cannot copy content of this page

error: Content is protected !!
Ads Blocker Image Powered by Code Help Pro
Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Refresh
Powered By
CHP Adblock Detector Plugin | Codehelppro