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    Vac Exam QP

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    Dr. R. Sankarganesh
    The document appears to be a practice test for a value-added course on digital banking. It contains 20 multiple choice questions in Part A testing knowledge of basic banking concepts like cheque validity, crossed cheques, loan definitions, and bank account types. Part B has 5 short answer questions asking about special bank customers, features of internet and mobile banking, differences between NEFT and RTGS transactions, and facilities available at ATMs.

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    Vac Exam QP

    Uploaded by

    Dr. R. Sankarganesh
    28 views2 pages
    The document appears to be a practice test for a value-added course on digital banking. It contains 20 multiple choice questions in Part A testing knowledge of basic banking concepts like cheque validity, crossed cheques, loan definitions, and bank account types. Part B has 5 short answer questions asking about special bank customers, features of internet and mobile banking, differences between NEFT and RTGS transactions, and facilities available at ATMs.

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    VAC EXAM QP

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    The document appears to be a practice test for a value-added course on digital banking. It contains 20 multiple choice questions in Part A testing knowledge of basic banking concepts like cheque validity, crossed cheques, loan definitions, and bank account types. Part B has 5 short answer questions asking about special bank customers, features of internet and mobile banking, differences between NEFT and RTGS transactions, and facilities available at ATMs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    28 views2 pages

    Vac Exam QP

    Uploaded by

    Dr. R. Sankarganesh
    The document appears to be a practice test for a value-added course on digital banking. It contains 20 multiple choice questions in Part A testing knowledge of basic banking concepts like cheque validity, crossed cheques, loan definitions, and bank account types. Part B has 5 short answer questions asking about special bank customers, features of internet and mobile banking, differences between NEFT and RTGS transactions, and facilities available at ATMs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    KARPAGAM ACADEMY OF HIGHER EDUCATION

    (Deemed to be University)
    (Established under PART 3 of UGC Act 1956)
    COIMBATORE – 641021
    VALUE-ADDED COURSE – 2019-2020
    DIGITAL BANKING

    Time:2 Hrs Maximum: 50 Marks

    PART A (20 X 1 = 20 Marks)


    Answer all the Questions
    1. Buy now and Pay later” is the motto of a ______.
    a.ATM b. Debit card c. Credit card d.MICR

     2. The validity period of a cheque is …….


    a. 5 months b.6 months c.3 months d.2 months

    3. The cheque is said to be crossed, when


    a. A word “cross” is written on the left hand top corner of cheque
    b. A cheque bears two parallel lines on the face of the chequ
    c. A cheque has crossed the border of our country
    d. A cheque bears amount exceeding Rs.10.00 lacs

    4. The term ____ refers to the amount borrowed by one person from another.
    a. Deposits b. Fund c. Loan d. Interest

    5. Loss of theft are covered by…


    a. Burglary b. Casualty c. Annuity d. Premium

    6. The person to whom money is payable on a cheque is called...


    a. Payee b. Debtor c. Creditor d. Owner

    7. When a bank accepts deposits, the relationship between bank and banker is
    a. Creditor-Debtor b. Debtor-creditor
    c. Depositor- Depositee d. Agent-Principal

    8. For business purposes, the following accounts are opened in banks


    a. Recurring deposits b. Commercial account
    c .Savings Account d. Current Account

    9. A demand draft is issued by……


    a.Bank b. Customer c. Creditor d.RBI

    10. Insurance providing financial support to farmers in the event of a crop failure due to
    drought or flood is called
    a.Cattle b. Crop c. Burglary d. Drought

    11. One of the following services is not offered in banks


    a. Mutual Funds b Insurance c. Gold Coins d. Silver Coins
    12. The following major document is required for opening a partnership account
    a. Partnership Deed b. Trust Deed
    c. Agreement deed d. Articles of Association

    13. MICR stands for


    a. Micro Ink Character Reader
    b. Magnetic Ink character Reader
    c. Magnetic Ink Character Recognition
    d. Magnetic Indian Character Recognition

    14. Bank branches are inter connected through a system called


    a. Local Area Network b. Core Banking Solution
    c. Interconnect d. Network Banking System

    15 One of the following banks is not a nationalised bank


    a. Andhra Bank b. Corporation Bank c. Dena Bank d.Axis Bank

    16.. In RTGS Minimum amount to be remitted is ___________


    a.Rs.1,00,000 b. Rs.2,00,000 c. Rs. 1,50,000 d .Rs.50,000

    17. ___________ is an alpha-numeric code that uniquely identifies a bank branch


    participating NEFT System.
    a.IFS b. IFSC c.FSC d.ISC

    18. ._________ is a funds transfer mechanism where transfer of money takes place from one
    bank account to another bank account is real time.
    a. NEFT b.EFT c.ECS d.RTGS

    19. A crossed cheque is one which can be encashed only


    a. By the drawee b. through a bank
    c. at the state bank of India d. After it has been transferred to another person

    20. KYC means…..


    a. Know Your Customer b. Know Your Consumer
    c. Know Your Contact d. Know Your Concern

    PART B (5 X 6 = 30Marks)
    Answer all the Questions
    21. Mention any four special types of customers and explain the precautions to be taken.

    22. Illustrate the features of internet banking.

    23. Enunciate on various features in mobile banking.

    24. Differentiate between the NEFT and RTGS. Enumerate the uses to the customers and
    banks.

    25. Enumerate on various banking facilities available in ATM.

    XXXXXXXXXX

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