Q. Which is not a type of cheque?
✅ Correct Answer: (D)
Promissory Cheque
Banking and Finance 2 MCQs and Notes
Q. What is the maximum validity of a cheque?
✅ Correct Answer: (A)
90 days
Q. Which of the following is considered to be more secure instrument?
✅ Correct Answer: (B)
Draft
Q. What is the minimum amount at which Certificate of Deposit can be issued?
✅ Correct Answer: (C)
The minimum amount for Commercial Papers is 1 lakh.
Q. What is the maximum and minimum maturity of Certificate of Deposit issued by financial Institutions?
✅ Correct Answer: (B)
Certificate of deposit issued by financial Institutions are for 7 days to 364 days.
Q. What is the minimum amount at which Commercial Paper can be issued?
✅ Correct Answer: (A)
The minimum amount for Commercial Papers is 5 lakhs.
Q. Which of the following statement is related to dated Securities?
✅ Correct Answer: (D)
The date of maturity is mentioned on the certificate
Q. Which of the following statement is true about Commercial Bill?
✅ Correct Answer: (C)
It is a trade Bill
Q. Which of the following statement is false about Treasury Bills?
✅ Correct Answer: (D)
It is issued maximum for maturity of 1 year
Q. Which of the following statement is true about Certificates of Deposits?
✅ Correct Answer: (A)
It is secure instrument in comparison of Commercial Paper