Banking and Finance (Bank-PO General-Awareness): Questions 579 - 584 of 620

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Question number: 579

» Banking and Finance

MCQ▾

Question

Which of the following business is prohibited as per Section 8 of Banking Regulations Act 1949?

Choices

Choice (4) Response

a.

Underwriting

b.

Leasing

c.

Retail Trading

d.

Executing the trust

Question number: 580

» Banking and Finance

MCQ▾

Question

In what condition a mutilated note cannot be exchanged?

Choices

Choice (4) Response

a.

If it cannot be satisfied that it is a genuine note

b.

If the note is too much folded

c.

If the matter, which is printed on the note has not become totally illegible.

d.

If the note is dirty.

Question number: 581

» Banking and Finance

MCQ▾

Question

Crossing on a cheque can be cancelled by the ________ of the cheque, under his full signature.

Choices

Choice (4) Response

a.

drawee

b.

payee

c.

holder

d.

endorser

Question number: 582

» Banking and Finance

MCQ▾

Question

APR stands for________.

Choices

Choice (4) Response

a.

Annual Percentage Rate

b.

Annual Profit Rate

c.

Average Percentage Rate

d.

Question does not provide sufficient data or is vague

Question number: 583

» Banking and Finance

MCQ▾

Question

What is the unit of settlement of ACU transactions?

Choices

Choice (4) Response

a.

Asian Money Units

b.

Asian Market Units

c.

Asian Monetary Units

d.

All Monetary Units

Question number: 584

» Banking and Finance

MCQ▾

Question

What does crossing of a cheque means?

Choices

Choice (4) Response

a.

This indicates that the payment has already been made

b.

This is a direction to the drawee to encash the cheque across the counter

c.

This is the cancellation of cheque

d.

This is a direction to the bank to not to pay the cheques across the counter.

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