Mock Test

1. As per the theory relating to Purchasing Power Parity, the Average Value of the exchange rate between two currencies is - The Purchasing capacity of the ciotizens.
2. If the holder changes the date of the instrument, the type of alteration is - Material Alteration
3. Mobile Banking Service of SBI is not applicable to – (i) Current Account with Overdraft facility and (ii) to jointly operated accounts
4. Monetary and Credit Policy is formulated by - Reserve Bank of India
5. The currency which is not fully convertible - Indian Rupee
6. Radhakrishna Committee Report is associated with - Tiny Sector
7. When a bill of exchange is drawn on a Partnership firm, it must be accepted by – atleast any two partners
8. When a cheque is crossed “Account Payee only”, it denotes - that the collecting banker must ensure that the proceeds of the cheque are collected for the account of the payee only.
9. When we talk of measurement of risk, it consists of - (i) Measuring risk through crating rating system, (ii) quantifying the element of risk through estimated loan losses, (iii) assessing unforeseen loan losses.
10. What does “Conversion” means as per Negotiable Instrument Act, 1881 - Denying a person’s title in relation to his goods in a manner considered unjustified.

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