Hello friends here are some banking awareness question..... 1.The features of Demand Draft given, Locate the wrong option ? It is drawn by a bank upon its own branch or another bank. It is payable on demand and it cannot be made payable to bearer. Payment of a demand draft cannot be stopped or countermanded. Due to this reason, the payment is demanded through a bank Draft. Demand Draft valid for 3 months. None A Demand Draft payable to bearer may be issued only by ______________ RBI SBI SEBI Private Banks Note of above Payment of a lost Demand Draft is made to the ________________ Purchaser RBI Friend of purchaser Guarantor None If the Original Demand Draft is lost, the bank issues duplicate Demand Draft, by taking ___________ ? Permission from RBI Assurance form the purchaser of Draft on white paper Rs. 50 as simply penalty Indemnity bond from the purchaser of Draft Permission from district authorities of state government Unsigned Demand Draft is presented for payment, then drawee branch should ? Dishonor it, since it does not have a mandate of the drawer bank to pay. Honor it as it is a negotiable instrument Honor it after seeking complaint from the collecting bank. Pay simply as it is issued by another bank None of these Shivani deposited Rs. 10000 in Union Bank of India and got Demand Draft. He wants to cancel the Demand Draft. Then ? Once Demand Draft issued, it cannot be cancelled Demand Draft can be cancelled by Union Bank of India. However the cancellation charges may be there. He can approach any public sector bank to cancel the Demand Draft, as Union Bnak of India is also a Public Sector Bank. Only after 90 days the Demand Draft can be cancelled, as the Demand Drafts cannot be cancelled during the valid date period. Shivani should get permission form RBI to get the cancellation of Demand Draft. Cash credit is one of the forms of ___________ Recurring credit to NRI Withdrawal facility in minor account Loan Cash Deposit slip in bank branch Credit deposit slip One of the highlights of the cash credit is ? Very useful for industrial concerns It can be given by taking security of raw materials and finished goods also. Flexible schedule of payments is attractive in this loan Renewable loan, if there is no default in the payment of interest All of the above Bharath has an account in Punjab National Bank. He issued a cheque of Rs. 1000 to Raghu. Who is the drawee in the above case ? Bharath Punjab National Bank Raghu Bharath and Raghu Raghu and Punjab National Bank Amar has an account in State Bank of India. He issued a crossed cheque to Satish. Then sathish ___________ Should deposit cheque in his bank account. Can go to bank counter and get money directly Can ask the bank to change crossed cheque in to bearer cheque to get cash Satish can cancel the crossing to get cash Satish can change the crossed cheque in to bearer cheque by putting his signature on reverse side.
Posted on: Mon, 08 Sep 2014 14:06:56 +0000
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