Current Affairs PDF

Banking Awareness Quiz – Set 110

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Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

  1. Which of the following is/are feature(s) of e-stamping?
    A. Cost Savings
    B. Security
    C. User-friendly
    D. All of the Above
    E. None of the Above
    D. All of the Above
    Explanation:
    Features:
    Easy accessibility and faster processing
    Security
    Cost savings
    User friendly

  2. Which of the following can be used to check the authenticity of the Certificate?
    A. PAN Number
    B. Unique Identification Number
    C. A/C Number
    D. All of the Above
    E. None of the Above
    B. Unique Identification Number
    Explanation:
    UIN is a Unique system generated number mentioned on the e-Stamp Certificate. Anybody, having the Unique Identification Number, can check the authenticity of the Certificate

  3. What are the different modes of paying stamp duty in e-Stamping system?
    A. RTGS
    B. NEFT
    C. Pay order
    D. All of the Above
    E. None of the Above
    D. All of the Above
    Explanation:
    Client can pay stamp duty amount through the following modes
    Cash
    Cheque
    Demand Draft
    Pay Order
    RTGS
    NEFT
    Account to Account transfer.

  4. In which States/UT s e-Stamping is currently operational?
    A. Gujarat
    B. Karnataka
    C. Punjab
    D. All of the Above
    E. None of the Above
    D. All of the Above
    Explanation:
    e-Stamping is currently operational in the States/UT s of Gujarat, Karnataka, NCT Delhi, Assam, Tamil Nadu, Rajasthan, Himachal Pradesh, Uttarakhand, UT of Dadra & Nagar Haveli, UT of Daman & Diu, Puducherry, Uttar Pradesh, Chhattisgarh, Jharkhand, Jammu & Kashmir, Punjab and Chandigarh.

  5. Which of the following is a computer based application and a secured way of paying Non-Judicial stamp duty to the Government?
    A. Commercial Papers
    B. E-stamp
    C. Treasury bill
    D. All of the Above
    E. None of the Above
    B. E-stamp
    Explanation:
    e-Stamping is a computer based application and a secured way of paying Non-Judicial stamp duty to the Government.

  6. Stamp Duty collected by the States can be broadly divided into _______ categories
    A. One
    B. Two
    C. Three
    D. All of the Above
    E. None of the Above
    B. Two
    Explanation:
    Stamp Duty collected by the States can be broadly divided into two categories, viz., Stamp Duty paid under the Indian Stamp Act, 1899 and Stamps used in payment of fees under the Court-fees Act 1870.

  7. Which of the following details can be used to verify the authenticity of an e-Stamp?
    A. Certificate Number (UIN)
    B. Stamp Duty Type (Description of Document)
    C. 6 character alphanumeric string
    D. All of the Above
    E. None of the Above
    D. All of the Above
    Explanation:
    An e-Stamp can be verified online by clicking on verify e-Stamp certificate and entering the required details i.e
    State
    Certificate Number (UIN)
    Stamp Duty Type (Description of Document)
    Certificate Issue Date
    6 character alphanumeric string

  8. Which of the following payment should be initiated only after consulting nearest e-Stamping center?
    A. RTGS
    B. NEFT
    C. Pay order
    D. Both (A) and (B)
    E. Both (B) and (C)
    D. Both (A) and (B)
    Explanation:
    RTGS / NEFT payment should be initiated only after consulting nearest e-Stamping center.

  9. Stamps used under the Indian Stamp Act, 1899 & The Bombay Stamp Supply And Sale Rules, 1934, can be broadly divided into _______ categories.
    A. One
    B. Two
    C. Three
    D. All of the Above
    E. None of the Above
    B. Two
    Explanation:
    Stamps used under the Indian Stamp Act, 1899 & The Bombay Stamp Supply And Sale Rules, 1934, can be broadly divided into two categories.
    Impressed stamps
    Adhesive stamps.

  10. SHCIL will accept Stamp Duty Payment in ______ only
    A. US$
    B. Euro
    C. INR
    D. None of the Above
    E. All of the Above
    C. INR
    Explanation:
    SHCIL will accept Stamp Duty Payment in Indian Rupees (INR) only.