MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

In a MICR cheque, which of the following code does not match the description:
(a)first 6-digit code - cheque number
(b)central 09-digit code - city bank and branch code,
(c)last 2-digit code - transaction code such as saving or current account
(d)none of the above

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Important Questions on Information Technology & Banking
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Which of the following is the system component of MICR cheque processing?

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
The processing machine that processes the cheques at high speed in the clearing house is called:

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
A system in which the collecting bank captures the electronic image of a cheque and sends the electronic image (instead of the actual cheque) to the paying bank, for collection, is called:

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Which of the following is a basic requirement for introduction of cheque truncation system in banks:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
A settlement system in which the processing and final payment of funds transfer instructions take place continuously is called _____.

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
The debit payment system that works on the principle of multiple debits and a single credit:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Which of the following kinds of risk can be better managed with the help of real time gross settlement system:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
The pair of keys used in electronic signature is called:
