[nilesh]

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Hii sir, I am Preparing for the bank of India Promotion Examination Will you Please provide me the Sample Question Paper for the Promotion Examination ?

[Vishal Kotkar]

As you Asking for the Question Paper of the bank of India Promotional Exam the Question Paper is given below

A cheque drawn in favour of x is crossed “not negotiable”. X endorses the cheque in favour of Y for valuable consideration. Y becomes
1] A holder in due course 2] only a holder 3] an assignee for the amount of cheque 4] the cheque can not be endorsed


A bill of exchange favouring A or order was endorsed by A on the reverse of the instrument as pay B or order and signed below that. Before it could be delivered to B, A passed away. Thereafter the legal heirs of A delivered the instrument to B. In this case
1] The negotiation is valid as both endorsement & delivery has taken place 2] It is invalid negotiation as the legal heir of A can not complete its negotiation by delivery. 3] The importance is endorsement and not delivery and hence it is valid. 4] None of the above


A bearer cheque with general crossing is paid across the counter to the bearer of the cheque. Later on it was found that the cheque was stolen. In this case the banker is
1] Liable to the original owner of the cheque 2] liable to the true owner of the cheque 3] will not be liable since it is a bearer cheque 4] none of the above


An endorser of a negotiable instrument may, by express words in the endorsement excludes his own liability there on. Such an endorsement is
1] Facultative endorsement 2] endorsement “sans recourse”3] partial endorsement 4] restrictive endorsement


Which one of the following will be treated as material alteration.
1] Converting an endorsement in blank to an endorsement in full 2] crossing of a open cheque by holder 3] conversion of a general crossing in to special crossing 4] conversion of “order in to “bearer”

A endorses a negotiable instrument in favour of B. Here
1] A is the endorser and B is the endorsee 2] B is the endorser and A is the endorsee 3] both are endorsers 4] both are endorsees

The paying banker is protected under following for payment of cheque with forged signature of the drawer.
1] Sec 89 of N.I act 2] sec 85(1) of N.I act 3] sec 131 of N.I act 4] no protection is available

The definition of negotiable instruments is contained in
1] N.I act 2] Indian contract act 3] Banking regulation act 4] none of the above

P of Kanpur draws a bill on Q of London payable at Mumbai The bill is a
1] Inland bill 2] foreign bill 3] demand bill 4] none of the above

A bill dated 22-11-2002 is payable 1 month after date. The bill will mature on
1] 24-12-2002 2] 25-12-2002 3] 26-12-2002 4] 22-12-2002

A cheque drawn payable to A or B or order is presented across the counter for payment by B alone
1] The cheque is to be returned as it can not be drawn payable to A or B.2] Payment can be made after properly identifying B 3] Payment should be refused unless B produces the death certificate of A 4] Payment can be made with the consent of A only

A cheque for RS 10000/- has been presented in clearing and the cheque has been debited to the respective account. You receive a stop payment instruction from the drawer before the returns are sent by the branch. In this situation You will 1] return the cheque after cancelling the debit entry 2] since account is already debited you can not accept stop payment instruction. 3] It is up to the banker to decide 4] none of the above

A cheque drawn on account on which garnishee order is served .The cheque should be returned with the remark
1] Garnishee order received 2] refer to drawer 3] account attached 4] orders not to pay

A is having a current account and the minimum balance required is Rs5000/. The present balance is Rs 6000/-.A cheque is presented in clearing for Rs 6000/- Now
1] You will return the cheque 2] You will pass the cheque 3] You will pass the cheque and close the account 4] None of the above

In a bill the name of the “drawee in case of need” is mentioned. When it was presented to the drawee it was dishonoured. Now the bill is said to be dishonoured
1] Since it was dishonoured by the drawee 2] only after it is presented to the drawee in case of need and dishonoured by him 3] It is not compulsory to present it to drawee in case of need 4] none of the above

With the amendment to N.I act on 01-04-1989(sec 138)
Dishonour of cheques for insufficiency of funds is deemed an offence. the drawer of the cheque may be punished
1] Imprisonment for a term up to 1year or fine upto twice the amount of the cheque or with both
2] Imprisonment for a term of 2 years 3] fine up to thrice the cheque amount 4] imprisonment upto 2 years or fine which may extend to twice the amount of the amount of cheque or with both

Which of the following is a foreign bill
1] A bill drawn in sets 2] A bill drawn at Chennai on a party in Calcutta and payable at Colombo 3] a bill drawn at Mumbai on a party in Newyork payable at New Delhi 4] none of the above

Order instruments are negotiated by
1] Endorsement 2] delivery 3] endorsement & delivery 4] an order instrument can not be negotiated

A endorses a cheque SANS RECOURSE to B. B endorses it to C and C to A. If the cheque is dishonored
1] A is not liable to B and C and also can not claim from them 2] A is not liable to B & C but can claim from them as an endorsee 3] A can claim from C only 4] A can claim from B only

A cheque payable to Ratan singh is endorsed by him in blank and delivered Lakhan singh. Mr. Lakhan singh adds the following above the blank endorsement made by Ratan singh “ pay Magan singh or order” and handed over the cheque to Mr. Magan singh. Which of the following is correct
1] The cheque is rendered invalid as there is a material alteration
2] Mr lakhan singh is only liable if the cheque is dishonored 3] Mr Ratan singh is only liable if the cheque is dishonored 4] The cheque is valid and Mr Lakhan singh incurs no liability as an endorser