Banking Questions Test (MCQ)- 60

monetary policy committee

1.     A bank does not want to pass a cheque against clearing. It will return the cheque with remark – a.    Refer to drawer b.    Exceeds arrangement c.     Effect not cleared d.    C & present again 2.     A customer has a joint SB A/c (E or S) with balance of Rs. 30000 & also a C/A in in his individual

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SENIOR CITIZEN’S SAVINGS SCHEME

monetary policy committee

SENIOR CITIZEN’S SAVINGS SCHEME-2004 Ø  Interest @ 8.4% per annum from the date of deposit on quarterly basis w.e.f. 01-04-2017 ( for Quarter-I) Ø  Minimum deposit is Rs 1000 and multiples thereof. Maximum limit of 15 lakhs. Ø  Maturity period is 5 years and can be extended for a further period of 3 years. Ø  Age should be 60 years

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Banking Questions Test (MCQ)- 59

monetary policy committee

1.     On a cheque issued by a customer the words bearer or order are not written. This cheque will be treated as- a.    A bearer cheque b.    An order cheque c.     This is not a valid cheque d.    This is not a negotiable instrument now. 2.     Your branch receives a cheque of Rs. 500 written in figure & Rs. Five

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Banking Questions Test (MCQ)- 58

monetary policy committee

1.    The following is a promissory note:- a.    I Promise to pay Krishan Rs.1000 after my promotion in Scale –II b.    I promise to pay Sridhar Rs. 1000 one month after his marriage to Seema c.     Pay Rs 1000 d.    None of the above. 2.    A documents which reads as follows: “I acknowledge receipt of Rs. 2000 from Raman .This

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CREDIT GUARANTEE TRUST FOR MICRO & SMALL ETERPRISES (CGTMSE)

CREDIT GUARANTEE TRUST FOR MICRO & SMALL ETERPRISES (CGTMSE)

CREDIT GUARANTEE TRUST FOR MICRO & SMALL ETERPRISES (CGTMSE) The CGTMSE provides guarantee cover for the credit facilities provided by member lending institutions (MLIs) to Micro and Small Enterprises (both manufacturing and service sectors) through its Credit Guarantee Scheme (CGS). Retail Credit Facilities and Loans to Medium Enterprises (both manufacturing and service sectors) are not covered under the scheme. The

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PUBLIC PROVIDENT FUND (PPF) 1968

PUBLIC PROVIDENT FUND (PPF) 1968

Ø  Interest rate of 7.9% per annum w.e.f. 01-04-2017 Ø  Minimum deposit is 500/- per annum. Maximum deposit is Rs. 1,50,000/- per annum Ø  The scheme is for 15 years. Ø  Investment up to Rs 1, 50,000/- per annumqualifies for Income Tax Rebate under section 80C of IT Act. Ø  Interest is completely tax-free. Ø  Deposits can be made in

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BASIC ACCOUNTANCY

PUBLIC PROVIDENT FUND (PPF) 1968

best book ·       The Journal is the beginning. It is the place of systematically recording all business transactions ·      Transactions are routed through various types  of  Accounts ·       All accounts are classified either as Personal or impersonal in nature ·       All personal accounts can be defined as related to persons: living or  dead, real or artificial, physical or legal,

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Banking Questions Test (MCQ)- 57

Banking Questions Test (MCQ)- 57 1.    A clean bill is one which a.    does not contain any superimposed clauses regarding manner of its payment b.    does not indicate defective condition of the goods or packing c.     is not accompanied by any document of title to goods d.    allows for interest for overdue period at the rate applicable to clean advances

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Computation of Adjusted Net Bank Credit (ANBC)

Adjusted Net Bank Credit (ANBC) Bank Credit in India [As prescribed in item No.VI of Form ‘A’ under Section 42 (2) of the RBI Act, 1934]. I Bills Rediscounted with RBI and other approved Financial Institutions II Net Bank Credit (NBC)* III (I-II) Bonds/debentures in Non-SLR categories under HTM category+ other investments eligible to be treated as priority sector +Outstanding

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