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Principles And Practices Of Modern Banking
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Avg score: 25% • Most missed: “Accounts are allowed to be operated by cheques in respect of __________.”
Principles And Practices Of Modern Banking
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25 Questions

1. Dishonour of cheque by a banker without any justifiable reason is called ___________.
2. Current Accounts are mainly opened by
3. If the endorser signs his name only, the endorsement is said to be
4. The written instructions given by the customers to banker to perform the services like collection and payment of money is noted down in
5. The most important feature of a negotiable instrument is
6. EFT is introduced by
7. In which year, MICR system for cheque was implemented in India?
8. The ATM installed at bank premises is called as -------- ATM
9. An electronic payment device that involves the use of networking services where by the e-customer issues digital cheques to e-merchant malls to settle transactions carried over the internet is known as
10. MICR stands for
11. Expand 'ECS'
12. The idea behind the bankers right to set-off is to enable the banker to reduce the -------------- amount due to him from a customer
13. --------- allows worldwide financial institutions to exchange standardized messages relating to international financial transaction
14. The apex institution in agricultural finance is
15. Which is the first bank to launch Debit card in India?
16. The primary relationship between a banker and customer starts from the time
17. The paying banker who makes cash payment of a cross cheque at the counter shall be liable for the loss of
18. Discounting of bills of exchange is
19. A person who is named in 'Will' to administer the estate of the deceased after his death is called _________.
20. Credit cards first emerged in 1920s
21. KYC means
22. --------- credit refers to a series of electronic payment instructions that are generated to replace proper instruments.
23. Who can cancel the crossing on a cheque?
24. What are the major change in banking sector of India after nationalization of Banks?
25. A wallet-sized smart card, embedded with programmable chip which storeds e-money to be used in a virtual trading environment for making payment is called

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