Banking Basics Quiz
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Questions and Answers

When was Punjab National Bank established?

  • January 15, 1888
  • May 19, 1894 (correct)
  • April 1, 1901
  • December 25, 1896

What is the total number of Domestic Branches mentioned?

  • 10,150 (correct)
  • 9,001
  • 11,234
  • 12,000

How many Zonal Audit offices (ZAO) are there?

  • 18
  • 15
  • 22 (correct)
  • 25

Which of the following cities is mentioned as an international foray for PNB?

<p>Dubai (A)</p> Signup and view all the answers

What is the number of Corporate Banking Branches listed?

<p>15 (C)</p> Signup and view all the answers

Which of the following characteristics is NOT associated with a negotiable instrument?

<p>Can be contingent on future events (B)</p> Signup and view all the answers

What is a requirement for a promissory note under Section 4?

<p>It must be signed by the maker (B)</p> Signup and view all the answers

In terms of negotiable instruments, who is referred to as the maker?

<p>The individual who makes the promise to pay (C)</p> Signup and view all the answers

Which condition is NOT presumed to be true regarding negotiable instruments?

<p>The instrument can be transferred after maturity (B)</p> Signup and view all the answers

What is the defining feature of a cheque, according to the content?

<p>It is payable on demand (C)</p> Signup and view all the answers

Flashcards

Promissory note

A written promise by a person (the maker) to pay a specific amount of money to another person (the payee) on a certain date or on demand.

Bill of Exchange

A written order from one person (the drawer) instructing another person (the drawee) to pay a specific amount of money to a third person (the payee).

Cheque

A specific type of bill of exchange drawn on a bank, payable on demand.

Payee

A negotiable instrument payable to the person whose name is written on it.

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Bearer

A negotiable instrument payable to whoever possesses it.

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When was PNB established?

Punjab National Bank was established on May 19, 1894. This marks the bank's beginning and sets the foundation for its long history in India's financial landscape.

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Describe PNB's Organizational Structure.

PNB's organizational structure is hierarchical, with the Head Office at the top, followed by Circle Offices, Zonal Offices, and then branches. It covers a wide range, from large corporate branches to rural outlets, demonstrating PNB's presence across various sectors and locations.

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What is the role of the Zonal Audit Office (ZAO)?

The PNB structure includes Zonal Audit Office (ZAO) which is responsible for auditing the bank's operations in a designated zone. The purpose of the ZAO is to ensure financial transparency and accountability within its jurisdiction.

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What is the purpose of the Customer Acquisition Centers (CAC) in PNB?

PNB has a robust customer acquisition strategy with dedicated Customer Acquisition Centers (CAC). These centers focus on attracting new customers and expanding PNB's customer base. They are essential for the bank's growth and sustainability.

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Describe PNB's geographic reach.

PNB has a strong reach across various geographical locations, including rural, semi-urban, urban and metro areas. This signifies PNB's commitment to serving a diverse customer base, making financial services accessible to a wider population.

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Description

Test your knowledge on the fundamentals of banking with this quiz. Explore key features of negotiable instruments, the establishment of Punjab National Bank, and various branch details. Ideal for banking enthusiasts and students alike.

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