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BT QB
BT QB
BT QB
SUBJECT CODE:22CSACCA2
QUESTION BANK
II-B.COM(CA)
1. The relationship between a banker and a customer is
B. Exercise lieu
A. General
B. Special
C. Privileged
D. common
7.The world ‘customer’ signifies a relationship in which ________ is of no essence
A. Time
B. Duration
C. Tensure
D. Period
8. Commercial banks plays a _________ note in the economic development of a nation
A. Static
B. Dynamic
C. Active
D. Ability
9.The commercial banks are _________ for generation of savings of the community
A.Agency
B.Bailor
C.Chit funds
D.Trade
A.Bank rate
B.Credit
C.Inflation
D.Deflation
A.Short term
B.Long term
C.Medium term
D.None
12.In India the ________ major banks were nationalized
To speed up the tempo of economic development
A.10
B.20
C.19
D.18
A. 7%
B. 3%
C. 4%
D. 1%
A. Marginal farmers
B. Artisans
D. None
16. RBI is the ___________ to the government A.
Banker
B. Trader
C. Linker
D. None
A. 6.5%
B. 9%
C. 7%
D. 1%
C. Issue loan
A. Short term
B. Long term
C. Medium term
D. None
A. ICICI
B. IDBI
C. SBI
D. PNB
UNIT II
B. Always valid
C. Always voidable
D. At time voidable
22.The best procedure for opening an account in name of a minor x and the guardian y
would be under the style
A. ‘X’ A/c
B. ‘X A/c’- minor
D. ‘Y’ A/c
A. A Minor
B. A married women
C. An unregistered firm
D. An undischarged bankrupt
24.A customer letter of instruction,without any stamp,in connection with the operation of his
account is known as __________
A. Power of attorney
B. Authority letter
C. Probate
D. Mandate
25.The greatest risk in opening a trust account is _________
A. Invalid
B. Breach of trust
C. Valid
D. Void
C. A letter of introduction
D. A letter of knowledge
A. Qualified
B. Qualified partially
C. Disqualified
D. Punished
28.A minor is a person who has not attained the age of _________ A. 19
B. 17
C. 18
D. 20
29.A ________ can recover even a 3rd party’s Security pleged without repaying the debt
A. None
B. Minor
C. Major
D. Senior citizen
A. Bailee
B. Trustee
C. Lesser
D. None
31.A minor can enjoy the benefits of a partnership firm but,his is _____________
A. Liable
B. Partially liable
C. Not liable
D. None
C. A fictious entry
33.A wrong entry in a pass book favorable to a customer constitutes a settlement of account
provides ________
C. 4
D. 6
D. None
36.The booklet which contains the copy of acustomer’s account in the banker’s ledger is
_________
A. Pass book
B. Journal
C. Ledger
D. All
A. Banker
B. Customer
C. Third party
D. All
A. 2
B. 3
C. 4
D. 6
39.A dispute doesn’t arise in repect of _________ entry
A. Wrong entry
B. Correct entry
C. Mistake entry
D. Misrepresentation
A. Register
B. Agreed
C. Unregistered firm
UNIT III
41.A banker will open an account for a partnership firm only when an application in writing
is submitted by any ___________ partners
A. Two
B. Three
C. One or more
B. Accommodation bill
C. Promissory note
D. Share warrant
43,The document drawn by a debtor on the creditor agreement to pay a certain sum is called
________
A. Cheque
B. Promissory note
C. Bills of exchange
D. Draft
C. Right to sue
45.In case of a negotiable instrument, the following person generally get a good title
__________
A. Cheque
B. Draft
C. Accommodation bill
D. None
A. 1880
B. 1881
C. 1911
D. 1950
A. 2
B. 3
C. 4
D. 1
49.A promissory note contain a promise by _______ to the creditor to pay acertain sum of
money after a certain date
A. Creditor
B. Debtor
C. Banker
D. All
A. Creditor
B. Debtor
C. Banker
D. All
C. Payee
D. Banker
A. Payee
B. Drawee
C. Banker
D. All
53. The drawee is otherwise called as _______
A. Acceptor
B. Drawer
C. Payee
D. None
54. The person to whom the amount is payable is called the ________
A. Drawee
B. Payee
C. None
D. Drawer
A. Oral
B. Writing
C. Text form
D. None
A. Cheque
B. Drafts
C. Bills
D. None
B. Complete
C. Mistake
D. Misrepresented
A. Escrow
B. Trade
C. Clean
D. Complete
59. There is a provision in the act for a stranger, to take up liabilities by accepting a
________.
A. Cheque
B. Bills
C. Draft
B. Cheque
C. Redraft
D. None
UNIT IV
61. The most common part is to negotiable instruments are of _________ types. A. 3
B. 4
C. 1
D. 2
A. Cheque
B. Chequ
C. Check
D. None
63. The origin of the word cheque has been delivered from the French word _________.
A. Echecs
B. Echoes
C. Echees
64. The commercial bank today enjoy the privilege of printing money is the form of
_________.
A. Currency
B. Cheques
C. Drafts
D. Bills
65. ____________ is a dead cheque.
A. Stale
B. Stake
C. Stack
D. None
C. Drawer
D. None
A. Order
B. Mere delivery
C. Delivery by payment
68. The reasonable period allowed in India for the presentation of a chequeis __________.
A. 1 Year
B. 3 Months
C. 9 Months
A. Cheque
B. Bills of exchange
C. Banker’s cheque
D. Draft
70. Dishonour of a cheque due to want of funds is an offence under Sec _______ of the NI
act.
A. Sec-137
B. Sec-131
C. Sec-138
D. Sec-111
A. Order
B. Cheque
C. Bill
D. None
A. A/c number
B. Bank name
C. Payee name
D. Signature
73. Abanker should always compare the signature on the _________ with the specimen
signature.
A. Draft
B. Cheque
C. Bill
D. Over draft
74. The term __________ denotes the person to whom the amount of the cheque is payable.
A. Drawee
B. Drawer
C. Payee
D. None
75. Cheque can be drawn by person who ________account in a bank. A.
Current
B. Saving
C. Recurring
A. Document
B. cheque
C. Bill
D. Promissory note
B. Honored
C. Partially honored
D. None
78. A cheque is the most economical and safe method of _________ transaction.
A. Money
B. Document
C. Bill
D. None
79. Cheques are drawn against the funds in the hands of _________.
A. Banker
B. Customer
C. Special customer
A. Boucher
B. Voucher
D. (A) only
UNIT V
81. businessman prefers _________.
A. Loan
B. Over draft
C. Cash credit
D. None
. A. Safety
B. Profitability
C. Security
A. Willingness to repay
C. Managerial ability
D. Purchasing power
A. Clean advance
B. Secured advance
C. Neither
D. Both
85. ___________ gives a person only a right to retain the possession of the goods and not
power to sell them.
A. Pledge
B. Lieu
C. Mortgage
D. All
86. __________ may be in respect of goods starts shares document of title to goods and any
other movable property.
A. Lieu
B. Mortgage
C. Hypothecation
D. Pledge
A. Delivery of goods
B. Possession
C. Title
88. _________ is a method of creating change on immorable properties like land and
building.
A. Pledge
B. Mortgage
C. Lieu
D. Hypothecation
89. There are _________ kinds of mortgage.
A. 7
B. 5
C. 4
D. 6
90. __________ means transfer of any exiting or future right property or debt By one
person to another.
A. Lieu
B. Pledge
C. Assignment
D. None
91. The mortgage movable property for securing loan is called ________. A. Pledge
B. Lieu
C. Hypothecation
D. None
C. (A) Only
. A. Pledge
B. Mortgage
C. Hypothecation
D. None
94. A banker’s lieu is __________.
A. General lieu
B. Particular lieu
C. Negative lieu
D. Positive lieu
A. Shares
B. Building
C. Book debts
D. Land
96. ___________ is a promise by a third party to the lender for the present or future debt of
the borrower.
A. Warranty
B. Guarantee
C. (A) only
A. 3 contracts
B. 2 contracts
C. 4 contracts
D. 1 contract
A. Trade bill
B. Accommodation bill
C. Both
D. None
A. Primary
B. Secondary
C. Tertiary
D. None
100. Section _______ of the Indian contract act defines a contract of guarantee.
A. 128
B. 129
C. 126
2 MARKS
UNIT-1
1. Define Banking.
2. What is commercial banking?
3. Define central bank.
4. Write ant two difference between RBI andcommercial bank.
5. Write ant two industrial development banks.
6. Expand IDBI.
7. Expand ICICI.
8. Write any two recent trends in commercial banks in India.
9. Write any two functions of IDBI.
10. List out two functions of ICICI.
UNIT-II
11. Define the terms ‘banker’
12. Define the term and ‘customer’
13. Explain relationship between banker and customer.
14. Write any two procedures for opening of account.
15. Write any two steps for closing of account.
16. Define passbook.
17. What is special type of customers?
18. Write short note on minors.
19. Write short note on lunatic.
20. Explain drunkard special type of customers.
UNIT-III
21. Define negotiable instrument.
22. Discuss the features of negotiable instrument.
23. What are the types of negotiable instruments?
24. What is promissory note?
25. Define bill of exchange.
26. Define cheque.
27. What are the classifications of negotiable instruments?
28. Write any two differences between promissory note and bill of exchange.
29. Write any two differences between bill of exchange and cheque.
30. List out any two advantages of negotiable instrument.
UNIT-IV
31. Write any two advantages of cheque.
32. List the salient features of cheque.
33. Give any one disadvantage of cheque.
34. Explain drawing of a cheque.
35. Write any two precautions before honoring a cheque.
36. Explain dishonoring of a cheque.
37. What is meant by crossing?
38. List the essentials of crossing.
39. Mention the significance of crossing
40. Compare the general crossing and special crossing.
UNIT-V
41. Explain the meaning of hypothecation.
42. Write any two principles of sound lending.
43. What is unsecured advances?
44. What is meant by secured advances?
45. What are the forms of advances?
46. Define lien.
47. Define pledge.
48. What do you mean by guarantee?
49. What do you mean by indemnity?
50. Write any two difference between guarantee and in indemnity.
51. Mention a difference between Savings Bank account and Fixed Deposit account
52. Give expansion form of SMS.
53. State any two point of importance of bank.
54. What is NEFT ?
5 MARK
UNIT-1
1. List out the functions of commercial banks.
2. Analyse and write brief note about features of commercial banks.
3. Examine brief notes on Industrial Development Bank of India.
4. List out the functions of IDBI.
5. Analyse and write brief notes on CTS.
6. Analyze and describe brief notes on Industrial Credit and Investment Corporation of India.
7. Discover the origin of ICICI and its importance.
8. Discover the origin of RBI and explain its functions.
9. Examine and state the RBI functions.
10. Compare the primary relationship between banker and customer.
UNIT-2
11. Compare the secondary relationship between banker and customer.
12. Analyse and write short note on traditional banking
13. Analyse and write short note on e-banking.
14. Distinguish between traditional banking and e-banking.
15. Analyse and conclude General precautions for opening accounts.
16. List the KYC norms.
17. List out the procedure for opening an account in banks.
18. List out the Current deposit account account privileges.
19. List out the saving deposit account account honors.
20. List out the saving deposit account account rights.
UNIT-3
21. Examine the features of Negotiable instruments.
22. Inspect and briefly discuss about e-banking.
23. Inspect and briefly discuss about promissory note.
24. Discover and draw the specimen of a promissory note.
25. List out the featuresof promissory note.
26. Examine and draw the specimen of a bill of exchange.
27. List out the features of bill of exchange.
28. What are the classifications of negotiable instruments?
29. Examine the relationship of special parties to a negotiable instrument.
30. Infer negotiation Vs assignment.
UNIT-4
31. List out the features of a cheque.
32. Discover and draw the specimen of a cheque.
33. Classify the different types of cheque in details.
34. Examine the relationship between cheque and draft.
35. Analyze in detail the provisions given under Sec.138 of the NI Act.
36.Who may cross the cheque? List out the significance of crossing.
37. Examine the drawing of a cheque.
38. Distinguish between a stale and postdated cheque.
39. “All cheques are bills but all bills are not cheques” Discuss.
40. Analyze and write brief note on e.cheque.
UNIT-5
41. Inspect and write short notes on recent development in banking industry.
42. Inspect and write short notes on recent development in banking industry.
43. Analyze and explain the characteristics of a mortgage.
44. Examine the precautions a banker should take in granting loans and advances against
45. Inspect and write the advantage of accepting guarantee as security for a loan.
46. List out the advantages of mobile banking.
47. Analyze and write brief note on Guarantee.
48. Analyze and write short note on Indemnity.
49. Inspect and write the advantages of Secured advances.
50. Inspect and write the features of unsecured advances.
10 MARK
UNIT-1
1. Distinguish between RBI and Commercial bank. .
2. Explain the role of central bank.
3. Elaborate NEFT.
4.Explain RTGS and its importance.
5.Discuss in detail note about the recent trends of commercial banks in
India.
UNIT-2
11.Define bill of exchange and state its essentials. Assess how does it differ from
a promissory note?
12.Discuss the rights of parties to negotiable instruments in the case of ( i) Lost
instrument (ii) Stolen instrument (iii) Instrument obtained by fraud.
13. Compare and differentiate between cheque and bill of exchange.
14.Discuss in detail notec on types of cheque. .
15. Propose the difference between a cheque and a draft and bring
Out clearly the risks of honouring a postdated cheque..
UNIT-4
16.Discuss the position of a paying banker with
regard to the following: a) A cheque crossed
generally
b) A cheque crossed specially.
c) A cheque crossed ‘Not Negotiable’.
17. Elaborate the precautions before honouring a cheque and dishonoring of a
cheque
18.Explain the different types of Crossing of cheques.
19. Assess which form of crossing is the safest and why?
20.Discuss in detail note on principles of sound lending.
UNIT-5
21.Explain the difference between Guarantee and
Indemnity?
22. Compare and compose main difference between secured and unsecured advances?
23.Explain the principles that guide a banker in granting loans and advances.?
24.Elaborate the role of banking in development of Micro Small and Medium
enterprises?
25.Discuss in detail e-banking merits and demerits. And state its constraints?