Banking Law - Questions and Answers for Competitive Exams | GkSeries

25. Blank endorsement is otherwise called as

• [A] Full Endorsement
• [B] Qualified Endorsement
• [C] General Endorsement
• [D] Special Endorsement

Answer: Option [C]

26. What does the term "PIN" stands for

• [A] People Identification Number
• [B] Personal Instruction Number
• [C] Personal Identification Number
• [D] Personal Information Number

Answer: Option [C]

27. KYC means

• [A] Know Your Card
• [B] Know Your Cost
• [C] Know Your Customer
• [D] Know Your Creditor

Answer: Option [C]

28. RTGS means

• [A] Real Towards Gross Settlement
• [B] Real Turn Gross Settlement
• [C] Real Technique Gross Settlement
• [D] Real Time Gross Settlement

Answer: Option [D]

29. ATMs are primarily used for performing the __________ functions

• [A] Infrastructure
• [B] Computer based
• [C] Banking
• [D] Hospitalized

Answer: Option [C]

30. EFT is introduced by

• [A] IRDA
• [B] RBI
• [C] SEBI
• [D] NSE

Answer: Option [B]

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

• [A] Blank Endorsement
• [B] Conditional Endorsement
• [C] Full Endorsement
• [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

• [A] Home Banking
• [B] Mobile Banking
• [C] Internet Banking
• [D] Television Banking

Answer: Option [C]

33. Nationalisation of 14 major commercial in the year of

• [A] 1949
• [B] 1935
• [C] 1956
• [D] 1969

Answer: Option [D]

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

• [A] Inland
• [B] Foreign
• [C] Time
• [D] Clean

Answer: Option [A]

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

• [A] General crossing
• [B] Special crossing
• [C] Upper Crossing
• [D] Lower Crossing

Answer: Option [B]

36. The most important feature of a negotiable instrument is

• [A] Free transfer
• [B] Transfer free from defects
• [C] Right to sue
• [D] Both A & B

Answer: Option [D]