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
2) Bank issue bank statement on:
(A) Current account
(B) Saving bank account
(C) Fixed deposit account
(D) a & b
Answer
3) Bank gives overdraft facility on:
(A) Saving bank account
(B) Fixed deposit account
(C) Current account
(D) All of the above
Answer
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
5) Commission of bank draft paid by:
(A) Bank himself
(B) Purchaser of draft
(C) Payee
(D) All of the above
Answer
6) Bank charge collecting fee of out station cheque from:
(A) Drawer
(B) Drawee
(C) Payee
(D) None of them
Answer
7) Dishonored cheque is returned by the bank to:
(A) Drawer
(B) Drawee
(C) Payee
(D) Depositor
Answer
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
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
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
