1. Primary relationship between a banker and customer starts from .......
1) when the customer opens a bank account.
2) when customer visits the bank.
3) when customer read the broacher of bank.
4) when the customer read the bank advertisement in the newspaper.
5) None of above
2. Relationship between banker and customer can be defined as .......
1) Ethical
2) Philosophical
3) Contractual
4) Negligible
5) Sacrosanct
3. In the case of the deposit of cash in the bank, the bank is ........ and the customer is .......
1) Employer, Employee
2) Master, Servant
3) Principal, Agent
4) Debtor, Creditor
5) None of above
4. Customer taken the loan from bank. Then the relation between bank and customer is that bank is ...... and customer is .......
1) Lesser, Lessee
2) Debtor, Creditor
3) Creditor, Debtor
4) Servant, Master
5) None of above
5. If the customer allowed to enjoy the overdraft then the customer is ........ and the bank is .......
1) creditor, debtor
2) agent, principal
3) master, servant
4) debtor, creditor
5) None of above
6. Usually, many customers are creditors of the bank. But which type of creditors they are?
1) General creditors
2) Preferential creditors
3) Privileged creditors
4) Special creditors
5) None of above
7. Locker provided by the bank to the customer, then bank is ....... and customer is .......
1) Employer, Employee
2) Lesser, Lesse
3) Debtor, Creditor
4) Creditor, Debtor
5) None of above
8. If the customer taken Demand Draft from the bank, then customer ....... and bank is .......
1) Under writer, writer
2) Owner, servant
3) Master, servant
4) Creditor, debtor
5) None of above
9. In the case of Cheque collection, bank is ...... and customer is ......
1) Debtor, Creditor
2) Creditor, Debtor
3) Master, Servant
4) Agent, Principal
5) None of above
10. Customer mortgaged the property with bank to raise the loan. Then ........
1) Bank is owner and customer is seller
2) Bank is agent and customer is principal
3) Customer is mortgagor and bank is mortgagee
4) Customer is debtor and bank is creditor
5) None of above is the correct option
11. Usually the customer gives some standing instructions to the bank at the time of doing banking transactions. Then .......
1) Bank is agent and customer is principal
2) Bank is borrower and customer is lender
3) Customer is master and bank is slave
4) Customer is lender and bank is borrower
5) None of above is the correct option
12. Money deposited by the customer but instructions not given for its disposal by the customer to the bank. Then customer is beneficiary and bank is ......
1) Owner
2) Garnishee
3) Trustee
4) Servant
5) Fiduciary
13. Bank has an obligation to honour cheque drawn on it provided the customer has sufficient funds. However this obligation is extinguished .......
1) On the last working day of every month, as it is closing day and bank need not hear what customer say
2) If the bank received the garnishee order from the court
3) If the bank received the oral instruction from the friend of the customer
4) If the customer changed his residential address and not intimated to the bank
5) None of above
14. In the following of which case, when the bank is liable?
1) Bank dishounered the cheque, though the funds are available.
2) Bank did not follow the standing instruction of the customer.
3) Bank employees made the theft of the goods put in the locker.
4) Bank employee took the cash deposited in the bank account.
5) In all above cases, the bank is liable and it should compensate the customer.
15. The relation between a banker and a customer comes to an end in which of the following case?
1) At the death of the customer
2) The customer closing the account i.e. voluntary termination
3) Liquidation of the company
4) The closing of the account by the bank after giving due notice
5) All of above
16. An electronic application of a physical passbook for savings bank and current accounts ‘mpass book’ on 22 October 2014 launched by ........
1) SBI
2) RBI
3) BOB
4) ICICI
5) HDFC
17. Government of India has set up a committee to frame bankruptcy law to enable entrepreneurs to close down unviable businesses under the chairmanship of .......
1) Gopalakrishna
2) Viswanathan
3) Malegam
4) G N Bajpai
5) K.V. Kamath
18. Which bank has raised Rs.2,500 crore by selling perpetual bonds at 10.75% annual coupon rate on 20 October 2014?
1) SBI
2) ICICI
3) IDBI
4) Axis Bank
5) BOB
19. Which bank was adjudged as the 'best bank' for use of Technology for Financial Inclusion in the edition of DRBT Banking Technology Excellence award for 2013-14 on 1 October 2014?
1) IDBI
2) Karur Vysya Bank Limited
3) Federal Bank
4) United Bank of India
5) None
20. On 7 October 2014, which International Monetary Organization promised to provide an estimated investment of $2.5 billion to Andhra Pradesh government, to set up industrial zones in Visakhapatnam and Chennai Corridor?
1) IBRD
2) IMF
3) IDA
4) BRICS New Development Bank
5) ADB
21. The combination of Bank and its punch line given. Locate the correct one.
1) Allahabad Bank - A tradition of trust
2) Andhra Bank - For all your needs
3) Bank of Baroda - India's International Bank
4) Bank of Maharashtra - One family one Bank
5) All of above
22. Consortium Advances increasing now a days. Consortium Advances mean .........
1) Many borrowers take loans from single bank
2) Self help groups loans giving to BPL families
3) Joint financing by more than one bank
4) RBI and Bank give loans to any single borrower
5) None of these
23. International stammering awareness day observed on .........
1) 12 October
2) 14 October
3) 18 October
4) 22 October
5) None
24. World Hand washing day celebrates on .......
1)18 Oct
2)19 Oct
3)15 Oct
4)16 Oct
5)17 Oct
25. Narendra Modi first radio speech on 3
October 2014 is christened as ......
1) Mera Man Appka Vikas
2) Sab Ka vikas Sab ke paas
3) Mera Batth Aap Suniye
4) Mann Ki Baat
5) None
26. Union Ministry of Science & Technology announces 'KIRAN' scheme for Women Scientists. KIRAN stands for Knowledge, Involvement, Research, Advancement through .......
1) Nurturing
2) Nurse Traineeship
3) NBFC
4) New License System
5) None
27. On 3 October 2014, thirty two people killed and about 15 were injured in a stampede that occurred at the main Dussehra event at Gandhi Maidan in ........
1) Hyderabad
2) Gandhi Nagar
3) Sabarmathi
4) Wardha
5) Patna
28. Invest Madhya Pradesh − Global Investors Summit − 2014 inaugurated on 9 October 2014 at .......
1) Bhopal
2) Ujjain
3) Gwalior
4) Indore
5) Dewas
29. Which scheme will be launched to ensure housing for all by 2022 by the Union government in the light of Prime Minister’s call of ‘Har Parivar ko Ghar’?
1) Pandit Deendayal Urban Housing Mission
2) Jaya Prakash Narayan Urban Housing Mission
3) Sardar Patel Urban Housing Mission
4) Atal Urban Housing Mission
5) None
30. Lal Bahadur Shastri National Award for Excellence in Public Administration, Academics and Management for the year 2014 conferred on .......
1) Abdul Kalam
2) Dr. Apathukatha Sivathanu Pillai
3) Tessy Thomas
4) M.S. Swami Nathan
5) Arvind kejriwal
31. Union Transport Minister Nitin Gadkari launched ethanol-run environment-friendly public buses in ......
1) Nagpur
2) Hyderabad
3) Kochi
4) Kanpur
5) Jaipur
32. Khaled Bahah newly elected as Prime Minister of .......
1) Yemen
2) Dubai
3) Saudi Arabia
4) Afghanistan
5) None
33. Yemen capital Sana'a and its currency ......
1) Dollar
2) Pound
3) Peso
4) Lira
5) Rial
34. On 21 October 2014 at the National Constitution Centre in Philadelphia, who was conferred with Liberty Medal 2014. The award constituted in 1988 by USA?
1) Dalialama
2) Abdul Kalam
3) Nelson Mandela
4) Kailash Satyarthi
5) Malala Yousafzai
35. UK India Business Council chairman Patricia Hewitt in the commerce category, Dame Asha Khemka for services in the field of education and actor Madhav Sharma for culture were conferred with .........
1) Inaugural Dadabhai Naoroji Awards
2) Inaugural Nobel prizes
3) Inaugural Lal bahadur Shastri Awards
4) CSIR NRI Awards
5) None of above
36. On 23 September 2014 who was appointed as Prime Minister Narendra Modi's Sherpa for the Group of 20 annual Summit 2014?
1) Hardeep singh Puri
2) Jai Shankar
3) Nirupama Rao
4) Rajdeep Sardesai
5) Suresh Prabhu
37. Rajiv Mehrishi is appointed as the new ......
1) Revenue Secretary
2) Petroleum Secretary
3) Finance Secretary
4) Foreign Secretary
5) None of above
38. Who has been appointed as the new Chief Economic Advisor to the Indian government?
1) Kaushik Basu
2) Chidambaram
3) Arvind Subramanian
4) Ashok Gulati
5) None
39. On 8 October 2014, government of India decided to sell LED bulbs to households at .......... against the market price of 400 rupees.
1) 20 rupees
2) 40 rupees
3) 50 rupees
4) 70 rupees
5) 10 rupees
40. Species and Spaces, People and Places is the report released by ........
1) UNO
2) USAID
3) WTO
4) WWF
5) None
ANSWERS:
1-1, 2-3, 3-4, 4-3, 5-4, 6-1, 7-2, 8-4, 9-4, 10-3
11-1, 12-3, 13-2, 14-5, 15-5, 16-1, 17-2, 18-3, 19-3, 20-5
21-5, 22-3, 23-4, 24-3, 25-4, 26-1, 27-5, 28-4, 29-3, 30-2
31-1, 32-1, 33-5, 34-5, 35-1, 36-5, 37-3, 38-3, 39-5, 40-4.
1) when the customer opens a bank account.
2) when customer visits the bank.
3) when customer read the broacher of bank.
4) when the customer read the bank advertisement in the newspaper.
5) None of above
2. Relationship between banker and customer can be defined as .......
1) Ethical
2) Philosophical
3) Contractual
4) Negligible
5) Sacrosanct
3. In the case of the deposit of cash in the bank, the bank is ........ and the customer is .......
1) Employer, Employee
2) Master, Servant
3) Principal, Agent
4) Debtor, Creditor
5) None of above
4. Customer taken the loan from bank. Then the relation between bank and customer is that bank is ...... and customer is .......
1) Lesser, Lessee
2) Debtor, Creditor
3) Creditor, Debtor
4) Servant, Master
5) None of above
5. If the customer allowed to enjoy the overdraft then the customer is ........ and the bank is .......
1) creditor, debtor
2) agent, principal
3) master, servant
4) debtor, creditor
5) None of above
6. Usually, many customers are creditors of the bank. But which type of creditors they are?
1) General creditors
2) Preferential creditors
3) Privileged creditors
4) Special creditors
5) None of above
7. Locker provided by the bank to the customer, then bank is ....... and customer is .......
1) Employer, Employee
2) Lesser, Lesse
3) Debtor, Creditor
4) Creditor, Debtor
5) None of above
8. If the customer taken Demand Draft from the bank, then customer ....... and bank is .......
1) Under writer, writer
2) Owner, servant
3) Master, servant
4) Creditor, debtor
5) None of above
9. In the case of Cheque collection, bank is ...... and customer is ......
1) Debtor, Creditor
2) Creditor, Debtor
3) Master, Servant
4) Agent, Principal
5) None of above
10. Customer mortgaged the property with bank to raise the loan. Then ........
1) Bank is owner and customer is seller
2) Bank is agent and customer is principal
3) Customer is mortgagor and bank is mortgagee
4) Customer is debtor and bank is creditor
5) None of above is the correct option
11. Usually the customer gives some standing instructions to the bank at the time of doing banking transactions. Then .......
1) Bank is agent and customer is principal
2) Bank is borrower and customer is lender
3) Customer is master and bank is slave
4) Customer is lender and bank is borrower
5) None of above is the correct option
12. Money deposited by the customer but instructions not given for its disposal by the customer to the bank. Then customer is beneficiary and bank is ......
1) Owner
2) Garnishee
3) Trustee
4) Servant
5) Fiduciary
13. Bank has an obligation to honour cheque drawn on it provided the customer has sufficient funds. However this obligation is extinguished .......
1) On the last working day of every month, as it is closing day and bank need not hear what customer say
2) If the bank received the garnishee order from the court
3) If the bank received the oral instruction from the friend of the customer
4) If the customer changed his residential address and not intimated to the bank
5) None of above
14. In the following of which case, when the bank is liable?
1) Bank dishounered the cheque, though the funds are available.
2) Bank did not follow the standing instruction of the customer.
3) Bank employees made the theft of the goods put in the locker.
4) Bank employee took the cash deposited in the bank account.
5) In all above cases, the bank is liable and it should compensate the customer.
15. The relation between a banker and a customer comes to an end in which of the following case?
1) At the death of the customer
2) The customer closing the account i.e. voluntary termination
3) Liquidation of the company
4) The closing of the account by the bank after giving due notice
5) All of above
16. An electronic application of a physical passbook for savings bank and current accounts ‘mpass book’ on 22 October 2014 launched by ........
1) SBI
2) RBI
3) BOB
4) ICICI
5) HDFC
17. Government of India has set up a committee to frame bankruptcy law to enable entrepreneurs to close down unviable businesses under the chairmanship of .......
1) Gopalakrishna
2) Viswanathan
3) Malegam
4) G N Bajpai
5) K.V. Kamath
18. Which bank has raised Rs.2,500 crore by selling perpetual bonds at 10.75% annual coupon rate on 20 October 2014?
1) SBI
2) ICICI
3) IDBI
4) Axis Bank
5) BOB
19. Which bank was adjudged as the 'best bank' for use of Technology for Financial Inclusion in the edition of DRBT Banking Technology Excellence award for 2013-14 on 1 October 2014?
1) IDBI
2) Karur Vysya Bank Limited
3) Federal Bank
4) United Bank of India
5) None
20. On 7 October 2014, which International Monetary Organization promised to provide an estimated investment of $2.5 billion to Andhra Pradesh government, to set up industrial zones in Visakhapatnam and Chennai Corridor?
1) IBRD
2) IMF
3) IDA
4) BRICS New Development Bank
5) ADB
21. The combination of Bank and its punch line given. Locate the correct one.
1) Allahabad Bank - A tradition of trust
2) Andhra Bank - For all your needs
3) Bank of Baroda - India's International Bank
4) Bank of Maharashtra - One family one Bank
5) All of above
22. Consortium Advances increasing now a days. Consortium Advances mean .........
1) Many borrowers take loans from single bank
2) Self help groups loans giving to BPL families
3) Joint financing by more than one bank
4) RBI and Bank give loans to any single borrower
5) None of these
23. International stammering awareness day observed on .........
1) 12 October
2) 14 October
3) 18 October
4) 22 October
5) None
24. World Hand washing day celebrates on .......
1)18 Oct
2)19 Oct
3)15 Oct
4)16 Oct
5)17 Oct
25. Narendra Modi first radio speech on 3
October 2014 is christened as ......
1) Mera Man Appka Vikas
2) Sab Ka vikas Sab ke paas
3) Mera Batth Aap Suniye
4) Mann Ki Baat
5) None
26. Union Ministry of Science & Technology announces 'KIRAN' scheme for Women Scientists. KIRAN stands for Knowledge, Involvement, Research, Advancement through .......
1) Nurturing
2) Nurse Traineeship
3) NBFC
4) New License System
5) None
27. On 3 October 2014, thirty two people killed and about 15 were injured in a stampede that occurred at the main Dussehra event at Gandhi Maidan in ........
1) Hyderabad
2) Gandhi Nagar
3) Sabarmathi
4) Wardha
5) Patna
28. Invest Madhya Pradesh − Global Investors Summit − 2014 inaugurated on 9 October 2014 at .......
1) Bhopal
2) Ujjain
3) Gwalior
4) Indore
5) Dewas
29. Which scheme will be launched to ensure housing for all by 2022 by the Union government in the light of Prime Minister’s call of ‘Har Parivar ko Ghar’?
1) Pandit Deendayal Urban Housing Mission
2) Jaya Prakash Narayan Urban Housing Mission
3) Sardar Patel Urban Housing Mission
4) Atal Urban Housing Mission
5) None
30. Lal Bahadur Shastri National Award for Excellence in Public Administration, Academics and Management for the year 2014 conferred on .......
1) Abdul Kalam
2) Dr. Apathukatha Sivathanu Pillai
3) Tessy Thomas
4) M.S. Swami Nathan
5) Arvind kejriwal
31. Union Transport Minister Nitin Gadkari launched ethanol-run environment-friendly public buses in ......
1) Nagpur
2) Hyderabad
3) Kochi
4) Kanpur
5) Jaipur
32. Khaled Bahah newly elected as Prime Minister of .......
1) Yemen
2) Dubai
3) Saudi Arabia
4) Afghanistan
5) None
33. Yemen capital Sana'a and its currency ......
1) Dollar
2) Pound
3) Peso
4) Lira
5) Rial
34. On 21 October 2014 at the National Constitution Centre in Philadelphia, who was conferred with Liberty Medal 2014. The award constituted in 1988 by USA?
1) Dalialama
2) Abdul Kalam
3) Nelson Mandela
4) Kailash Satyarthi
5) Malala Yousafzai
35. UK India Business Council chairman Patricia Hewitt in the commerce category, Dame Asha Khemka for services in the field of education and actor Madhav Sharma for culture were conferred with .........
1) Inaugural Dadabhai Naoroji Awards
2) Inaugural Nobel prizes
3) Inaugural Lal bahadur Shastri Awards
4) CSIR NRI Awards
5) None of above
36. On 23 September 2014 who was appointed as Prime Minister Narendra Modi's Sherpa for the Group of 20 annual Summit 2014?
1) Hardeep singh Puri
2) Jai Shankar
3) Nirupama Rao
4) Rajdeep Sardesai
5) Suresh Prabhu
37. Rajiv Mehrishi is appointed as the new ......
1) Revenue Secretary
2) Petroleum Secretary
3) Finance Secretary
4) Foreign Secretary
5) None of above
38. Who has been appointed as the new Chief Economic Advisor to the Indian government?
1) Kaushik Basu
2) Chidambaram
3) Arvind Subramanian
4) Ashok Gulati
5) None
39. On 8 October 2014, government of India decided to sell LED bulbs to households at .......... against the market price of 400 rupees.
1) 20 rupees
2) 40 rupees
3) 50 rupees
4) 70 rupees
5) 10 rupees
40. Species and Spaces, People and Places is the report released by ........
1) UNO
2) USAID
3) WTO
4) WWF
5) None
ANSWERS:
1-1, 2-3, 3-4, 4-3, 5-4, 6-1, 7-2, 8-4, 9-4, 10-3
11-1, 12-3, 13-2, 14-5, 15-5, 16-1, 17-2, 18-3, 19-3, 20-5
21-5, 22-3, 23-4, 24-3, 25-4, 26-1, 27-5, 28-4, 29-3, 30-2
31-1, 32-1, 33-5, 34-5, 35-1, 36-5, 37-3, 38-3, 39-5, 40-4.
