Banking Law - Questions and Answers for Competitive Exams | GkSeries

25. Blank endorsement is otherwise called as

1. [A] Full Endorsement
2. [B] Qualified Endorsement
3. [C] General Endorsement
4. [D] Special Endorsement

Answer: Option [C]

26. What does the term "PIN" stands for

1. [A] People Identification Number
2. [B] Personal Instruction Number
3. [C] Personal Identification Number
4. [D] Personal Information Number

Answer: Option [C]

27. KYC means

1. [A] Know Your Card
2. [B] Know Your Cost
3. [C] Know Your Customer
4. [D] Know Your Creditor

Answer: Option [C]

28. RTGS means

1. [A] Real Towards Gross Settlement
2. [B] Real Turn Gross Settlement
3. [C] Real Technique Gross Settlement
4. [D] Real Time Gross Settlement

Answer: Option [D]

29. ATMs are primarily used for performing the __________ functions

1. [A] Infrastructure
2. [B] Computer based
3. [C] Banking
4. [D] Hospitalized

Answer: Option [C]

30. EFT is introduced by

1. [A] IRDA
2. [B] RBI
3. [C] SEBI
4. [D] NSE

Answer: Option [B]

31. If the endorser signs his name only, the endorsement is said to be

1. [A] Blank Endorsement
2. [B] Conditional Endorsement
3. [C] Full Endorsement
4. [D] None of the above

Answer: Option [C]

32. ____________ is the result of combining technology and traditional bank services through websites that customers use to access their bank accounts

1. [A] Home Banking
2. [B] Mobile Banking
3. [C] Internet Banking
4. [D] Television Banking

Answer: Option [C]

33. Nationalisation of 14 major commercial in the year of

1. [A] 1949
2. [B] 1935
3. [C] 1956
4. [D] 1969

Answer: Option [D]

34. A negotiable instrument drawn or make in India is called_______ instrument

1. [A] Inland
2. [B] Foreign
3. [C] Time
4. [D] Clean

Answer: Option [A]

35. Addition of the name of a banker across the face of a cheque is called as

1. [A] General crossing
2. [B] Special crossing
3. [C] Upper Crossing
4. [D] Lower Crossing

Answer: Option [B]

36. The most important feature of a negotiable instrument is

1. [A] Free transfer
2. [B] Transfer free from defects
3. [C] Right to sue
4. [D] Both A & B

Answer: Option [D]