Banking Awareness Questions on Acts related to Banking Sector
This set contains important questions of Acts that are related to banking sector. Important questions for upcoming banks and insurance exams SBI PO, Dena bank, IBPS PO, IBPS Clerk, RRB PO and Clerk. Important Acts Related Banking Sector Banking Awareness Questions
- Reserve bank of India has the sole right to issue bank notes in India is defined in the _____ of The Reserve Bank of India Act, 1934
A) Section 22(1)
B) Section 24(1)
C) Section 26(2)
D) Section 32(1)
- Government of India can print Re. 1 note and coins as per which act?
A) RBI Act, 1934
B) Coinage Act, 2011
C) Paper Currency Act, 1861
D) FRBM Act, 2003
- Offense of Money Laundering is defined under _____ of Prevention of Money Laundering Act 2002
A) Section 2
B) Section 3
C) Section 5
D) Section 6
- Obligations under Prevention of Money Laundering Act 2002 is defined under which section?
A) Section 6
B) Section 8
C) Section 10
D) Section 12
- ‘Customer’ is defined under which Act?
A) RBI Act, 1934
B) Banking Regulation Act, 1949
C) PMLA, 2002
D) Negotiable Instruments Act, 1881
- The term ‘Banking’ is defined under _____ of Banking Regulation Act, 1949
A) Section 4(a)
B) Section 5(b)
C) Section 6(c)
D) Section 7(a)
- Which section of Banking Regulation Act defines that no person other than a bank is authorized to accept deposits withdraw able by cheque?
A) Section 19A
B) Section 29A
C) Section 39A
D) Section 49A
- Procedure for amalgamation of banking companies is defined under section ____ of Banking Regulation Act, 1949.
A) Section 44A
B) Section 45A
C) Section 46A
D) Section 47A
- Promissory notes is defined under which section of Negotiable Instruments Act 1881?
A) Section 4
B) Section 5
C) Section 6
D) Section 7
- Bill of exchange is defined under which section of Negotiable Instruments Act 1881?
A) Section 4
B) Section 5
C) Section 6
D) Section 7
- Cheque is defined under which section of Negotiable Instruments Act 1881?
A) Section 4
B) Section 5
C) Section 6
D) Section 7
- Which section of Negotiable Instruments Act 1881 deals with the different in amount of state figures and words of a negotiable instrument?
A) Section 13
B) Section 18
C) Section 19
D) Section 25
- Dishonour of a bill of exchange by non-acceptance is defined under which section of Negotiable Instruments Act 1881?
A) Section 81
B) Section 89
C) Section 91
D) Section 92
- Dishonour of a promissory note, bill of exchange or cheque by non-payment is defined under which section of Negotiable Instruments Act 1881?
A) Section 81
B) Section 89
C) Section 91
D) Section 92
- Dishonour of cheque due to fund insufficiency is defined under which section of Negotiable Instruments Act 1881?
A) Section 93
B) Section 128
C) Section 138
D) Section 148
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Click Here to read about Negotiable Instruments ActÂ
Click Here to read about Banking Regulation Act 1949
thanks
10x shubra mam:)
Thanku sir
ty))
thnxxx
thank you
q5 d hoga ans
it is true…i dnt know thats y i am asking
customer is defined in PMLA
KYC under PMLA
and then
For the purpose of KYC Norms, a ‘Customer’ is defined as a person who is engaged in a financial transaction or activity with a reporting entity and includes a person on whose behalf the person who is engaged in the transaction or activity, is acting.
@Suraj Sir Q6 ka answer 5b hoga ya 5c ?
5 b
Master Circular on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating Financing of Terrorism (CFT)/Obligation of banks and financial institutions under Prevention of Money Laundering Act, (PMLA), 2002
thnx
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