Z issued a cheque of Rs.8000 in favour of X. X cleverly altered the cheque to Rs.80000 and by adding 0 to 8000 and the words Y to eight, making the amount eighty thousand from eight thousand. Bank paid the cheque and Z is holding the bank liable for loss.

What are the objectives of establishment of Disaster Recovery Sites? 1 To maintain continuity of the business activities of CBS branches due to central system or network failures 2 To ensure non-stop functioning of branches and online delivery channels integrated with CBS 3 To act as a backup for providing a reliable and continuous processing environment 4 To make sure that frauds are not attempted in handling CBS

Kiosk are generally equipped with 1 full-fledged keyboard with a trackball, 2 bar code scanner 3 touch or non-touchscreen display 4 video camera, thermal printer, speaker

The implementation of core banking services, emergence of Fintech services and the ease of doing digital payments made funds transfer, through which of the following almost negligible? 1 Mail Transfer (MT), 2 National Electronic Funds Transfer (NEFT) 3 Demand drafts (DDs) 4 Telegraphic Transfers (TT)

Cash management comprise three important elements. 1) collection, 2) ____, 3) disbursement.

X endorses a cheque in favour of Y. Y misplaces the cheque which is found by A. A endorses the cheque in favour of B by forging signatures of Y. The cheque is dishonoured..

The features of BANKNET communication network are provided hereunder. Which of these are correct? 1 Set up on the recommendation of a committee headed by Dr. C Ranga Rajan 2 It is a packet switched X.25 based network 3 It uses a store-and-collect transmission logic, provided by the Message Transfer Utility(MTU), in the systems. 4 User banks access it through leased lines at the respective local centres with COMET (Computerised Message Transfer and File Transfer) software

For enhancing efficiency in ATM operations, the following steps should be taken by a bank 1) Message of non-availability of cash to be displayed, before transaction initiation on screen or any other manner; 2) To display ATM-ID in the ATM premises; 3) Complaint forms with name and phone number of the officials, to be available at ATM,s; 4) Sufficient toll-free phone numbers for lodging complaints/ reporting and blocking lost cards; 5) To inform customers failed ATM transaction complaints must be lodged with the card issuing bank, for all failed transactions.

SWIFT, the full form of which is ____ operates a ____ platform

Banks that have fully implemented CBS, are required to issue the cheque books which meet the following requirements. Which one of these is not correctly stated.

Rural Self Employment Training Institutes (RSETI) are initiatives of which ministry to provide dedicated infrastructure in each district for imparting training and skill upgradation of rural youth aimed at entrepreneurship development.

A citizen of Afghanistan, Bangladesh or Pakistan belonging to minority communities in those countries (Hindus, Sikhs, Jains, Buddhists, Parsis and Christians) residing in India holding a Long Term Visa (LTV) by the Central Government can purchase property. Which of the following statements are correct in this connection? 1 There can be one residential unit for self-occupation 2 There can be one immovable property for self-employment. 3 Sale of such property is permitted at any time 4 It should not be located in and around restricted/ protected areas notified by the Central Government or cantonment areas.

The scope of services provided under financial inclusion has expanded from credit and thrift products to include which of the following? 1 micro insurance, 2 micro pension, 3 micro remittances 4 commercial banking

In the Network Topology, the centralised control networks are based on 1) star topologies 2) tree topologies 3) bus topologies

Read the statements given below regarding data communication network and classify these as True or False? 1 It helps banks drastically cut costs and the time involved in transferring data. 2 Data is transferred from the point of use to point of origin. 3 In distributed data communications network, the computer systems using telecommunications links share resources at reduced costs. 4 Data communication provides connections to computers located in geographically dispersed locations.

With the continuous use of technology and communications, banks started providing financial services using multiple delivery channels. Which of the following falls within the category of alternate delivery channels? 1 E-Wallets including m-wallets, 2 Bulk Note Acceptors (BNAs), 3 Cash Deposit Machines (CDM), 4 Point of Sale (PoS) terminals

Read the statements below related to Biometric Security Features for Cards and find out which ones are True and False? 1 It traces the way in which a signature is written – Dynamic signature verification. 2 It identifies whether the user of the smart card is genuine or not by electronically scanning fingerprint ridges – Hand geometry 3 It uses a computer programmed to recognize different voices and compares the voice with the recorded original – Voice recognition system: 4 It shows unique features such as finger lengths, skin web opacity and radius of curvature of fingerprints – Fingerprint verification

In CTS, what travels electronically to the drawee bank for processing on the same day, which is captured at the presenting bank?

Diamond Dollar Account can be opened by firms and companies dealing in purchase / sale of rough or cut and polished diamonds / precious metal jewelry plain, minakari and / or studded with / without diamond and / or other stones, with a track record of at least ___ years in import / export of diamonds / colored gemstones / diamond and colored gemstones studded jewelry / plain gold jewelry.

In which of the following situations, the banks are required to break open the locker, whether in the presence of the locker­hirers or in her/ their absence. 1 The hirer loses the key and requests for breaking open the locker. 2 The Government enforcement agencies having with orders from the Court or appropriate competent authority to seize lockers and requested for access to the lockers. 3 If the bank is of the view that there is a need to take back the locker as the locker hirer is not co­operating or not complying with the terms and conditions of the agreement.