Banking Awareness Questions - 23rd August 2014 by Gandhi Raveendra Reddy

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Here I am sharing some banking questions which are important for bank exams.
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Banking Awareness Questions - 23rd August 2014

171. Green back currency refers to:
Answer: US $.

172. Public holidays are excluded for determining time for presentation or acceptance for payment under:
Answer: Section 105 of Negotiable Instruments Act 1881.

173. Sec. 45Z of Banking Regulation Act 1949 deals with:
Answer: Return of paid instruments to account holders.

174. Can Bank exercise right of Set-off in respect of contingent liabilities:
Answer: No

175. US $ rate is increased from Rs. 47 to Rs. 49. It will benefit the:
Answer: Exporters and will lead to increase in exports.

176. Bearer demand draft cannot be issued as per under Section __ RBI Act:
Answer: Sec 31 of RBI Act

177. If a Sole Trustee dies, the Trust will be managed by :
Answer: Court appointed Trustee

178. Section 22 of the NI Act provides for a grace period 3 days to be added for arriving at the due date for a:
Answer: Usance bill.

179. Mulberry loan is related to:
Answer: Sericulture.

180. Pre-paid expenses in the shape of insurance premium are classified in the Balance Sheet as:
Answer: Current asset

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