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MCQ For Exam - 1 - 2022 - Dup

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21 views4 pages

MCQ For Exam - 1 - 2022 - Dup

Uploaded by

ibrahimibnaabdussalam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MCQ_EXAM_1_2022

Date: 06.09.2022

1. The term force majeure is mentioned in the

a) Article-26 of UCP 600 and Article-28 of URDG


b) Article-32 of UCP 600 and Article-26 of URDG
c) Article-36 of UCP 600 and Article-26 of URDG
d) Article-36 of UCP 600 and Article-28 of URDG.

2. What is Section 85(2) of NI Act?

a) Protection to Paying Banker in case of Drafts


b) Protection to Collecting Banker
c) Once a Bearer always a Bearer
d) Compensation for wrongful dishonor.

3. Letter of Disclaimer is required in case of


(a) Own godown
(b) Factory
(c) Rental godown
(d) Both (b) & (c)

4. Which of the following would be viewed as "liquidity ratio"?

a) current assets/current liabilities


b) debt/net worth
c) debt/total assets
d) sales/total assets.

5. Which is not key parameters of management risk?

a) Experience
b) Competition & Barriers to Business
c) Succession
d) Team work.

6. Buying and selling of a foreign currency to make profit from discrepancies between exchange
rates prevailing at the same time in different centers is called -

a) Future
b) Arbitrage
c) Swap
d) None of these.
MCQ_EXAM_1_2022
Date: 06.09.2022

7. If a bill of exchange dated January 31, 1983 is payable one month after date, the due date of
the instrument will be -

a) February 28, 1983


b) March 1, 1983
c) March 2, 1983
d) March 3, 1983.

8. A non-trading joint stock company can draw or accept negotiable instrument if it has been
given such power of by -

a) its memorandum of association


b) its articles of association
c) the Companies Act
d) None of these.

9. The person appointed to operate the account after his death by the deceased himself before his
death is called -

a) Executor
b) Administrator
c) Attorney
d) None of the above.

10. The object(s) for which a company has been formed, is/are found (in terms of Bangladeshi
Companies Act) in -

a) Articles of Association
b) Certificate of Incorporation
c) Certificate of Commencement
d) None of the above

11. A bill of lading is -

a) a negotiable instrument
b) quasi – negotiable instrument
c) a non – negotiable instrument
d) non – transferable instrument.

12. Which is not Components of Common Equity Tier I (CET- 1) Capital:

a) Paid up capital
b) Retained earnings
c) General provisions
d) General reserve.
MCQ_EXAM_1_2022
Date: 06.09.2022

13. The risk that arises from a mismatch between the maturities of the two sides of a balance sheet
is:

a) trading risk
b) interest rate risk
c) liquidity risk
d) credit risk.

14. As per the Bank Company Act, 1991, every banking company incorporated in Bangladesh shall
transfer to the reserve fund -

a) At least 20% of current year’s profit before tax


b) At least 5% of demand and time liabilities
c) At least 13% of demand and time liabilities
d) None of the above.

15. Protest is necessary in case of dishonor of -

a) Foreign promissory note


b) Foreign Bill of Exchange
c) Inland Bill of Exchange
d) None of these.

16. Our mission is

a) Accountable to all stakeholders - customers, shareholders, and regulators


b) Accountable to a stakeholders-customers, shareholders, employees and regulators
c) Accountable to all stakeholders - customers, employees and regulators
d) none of these.

17. Medium Term Credit needs are for a period between -

a) 1 to 3 years
b)1 to 5 years
c) 5 to 10 years
d) None of the above.

18. In Case of Safe custody of valuables, the Banker enters into a relationship with the Customer.
In this case the Banker is:

a) Debtor / Trustee
b) Pledged /Trustee
c) Bailee / Trustee
d) Bailor/ Bailee.
MCQ_EXAM_1_2022
Date: 06.09.2022

19. Who are the parties of a bill of exchange as per URC-522?

a) Presenting Bank
b) Remitting Bank
c) Advising Bank
d) a & b.

20. What is the minimum manpower requirement for a service concern to be SME?

a) 150
b) 100
c) 120
d) 200.

21. FERA Stands for:

a) Foreign Exchange Regulatory Act


b) Foreign Exchange Regulation Act
c) Foreign Exchange Regulation Amendment
d) Foreign Exchange Regulatory Authority.

22. In a contract of guarantee, there are three parties. They are:

a) Promisor / Promisee / guarantee


b) Promisee / guarantee / contractor
c) Debtor / creditor / guarantor
d) None of these.

23. Which rule is currently used in Bank to Bank reimbursement under Documentary Credit?

a) URR 525
b) URR 725
c) UCPDC 600
d) URC-522

24. By what document a Joint Stock Company defines objects of it’s existence and operations?

a) Form Xii
b) Memorandum of Association.
c) Memorandum of Articles.
d) B & C.

25. In measuring creditworthiness, “Capacity” refers to

a) Willingness to repay the borrowed amount


b) Ability to run business & generate sufficient cash
c) Financial Strength
d) None of the above

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