Test 2 for ADBT to be held on 8.5.

2017
Q1) Minor can open independent account

Only saving fund account if he is 10 years or more

Only saving fund account at any age

Saving fund account and FD account if he is 10 years or more

Current account

Q2) In a joint account of two persons operation is either or survivor, which of the following is true

Anyone can close the account

All have to come for closing the account

None is correct

Both may be correct

Q3) cheque book can be issued to minor account

Yes

No

May be

In some special cases only

Q4) In a minor account nominee can be there

Yes

No

May be

In some special cases only

Q5) testamentary guardian is

As per the Will

As by the court

Natural guardian

Any of the above

Q6) In hindu law natural guardian can be

Father

Mother

Any of the two

Only father

Q7) in Muslim law mother can be natural guardian

Only testamentary

Only legal

Both of above can be there

Any

Q 8 banking is defined in

RBI act

Banking Regulation act

NI act

None

Q 9 In a saving fund account bank is

Debtor

Creditor

Lessor

Agent

Q 10 In a loan account bank is

Debtor

Creditor

Lessor

Trustee
Q 11 money was deposited by customer but account number and name differed , so it is kept in office
account to enquire from the customer before depositing it in a particular account , here bank acts as

Debtor

Creditor

Lessor

Trustee

Q 12 cheque of SBI has been deposited by a customer at PNB for collection. The relation between bank
and customer is of

Beneficiary and trustee

Trustee and beneficiary

Debtor and creditor

Creditor and debtor

Q 13 bank deposits telephone bill for a customer , bank acts as

Trustee

Agent

Debtor

Creditor

Q 14 In a loan against security of land Bank acts as

Hypothecate

Pledge

Mortgagee

Assignee

Q 15 There is a FD against which loan has been given . which of the following can apply to this FD

Attachment order

Garnishee order

Both
None

Q 16 which of these are not negotiable instrument as per NI act

Letter of credit

Letter of guarantee

Demand draft

First two

Q 17 cheque can be transferred by

Endorsement

Endorsement and delivery

Blank endorsement

Any of the above

18 in a cheque name of payee is not written , it is called

Irregular

Stale

Inchoate

Any of these

Q 19 There is a gift cheque of Rs 1000/ . Here payee will be

Holder

Drawer

Drawee

Holder in due course

Q 20 which of the following cheque can be endorsed

Account payee cheques

Cheque with the words not negotiable

Order cheques
Any of the above

Q 21 Mode of operation in a joint FD account is F/S . the premature payment can be given

If they come jointly

Can be given to any of them

Can be given to any if it was E/S operation

None is true

Q 22 a blind person can open SF account

Independently

Only with a normal eyed person jointly

He can open but will not be given cheque books

He can open but will not be allowed e transactions

Q 23 Joint Stock Company can become partner in a firm

False

True

May be true

Depends upon the situation

Q 24 In a limited liability min number of partners can be

10

Q 25 the person appointed by testator to look after his property after his death is called

Administrator

Executor

Can be any
None

Q 26 bank rate at present is

6.25

6.00

6.5

7.00

Q 27 repo rate at present is

6.25

6.00

6.5

7.00

Q 28 CRR % at present is

Q 29 SLR % at present is

18.5

19.5

21.0

20.5

Q 30 Reverse repo at present is

5.00

3.25

6.00
6.25

Answer

1. C
2. B
3. A
4. B
5. A
6. C
7. C
8. B
9. A
10. B
11. D
12. B
13. B
14. C
15. D
16. D
17. B
18. C
19. D
20. C
21. A
22. A
23. B
24. B
25. B
26. C
27. A
28. D
29. D
30. c