GK and Banking Awareness

1.In the matter of handling bills of exchange for collection, the relationship between customer and the bank is

trustee and the beneficiary Principal and agent bailor and bailee None of the above

2.A Scheduled bank is the one which

conforms to the requirement of schedule III of the Banking Regulation Act, 1949 has been declared as a scheduled bank by the Government of India has deposits exceeding Rs . 10 Crore has its name added to the second scheduled of the Reserve Bank of India Act, 1934

3.When a cheque duly signed by the drawer, with particulars written in a hand –writing different from that of the drawer id presented for payment stolen from the drawer and hence, the branch is put on enquiry.

the bank will refuse payment of the cheque as there is a distinct possibility of the cheque signed in blank having been the bank will make the payment provided the cheque is otherwise in order the bank will make payment only to the authorised representative of the drawer None of the above

4.The concept of "Narrow Banking" was recommended by

Khan Committee Nayak Committee Sodhani Committee Tarapore & Narasimham Committee

5.The level of activity at which total revenue cost equals total sale value or when there is a "no profit" or "no loss" situation, it is known as

Break Even Point Operating Profit Gross Profit Net Profit