
MIDTERM QUIZ 1: MANAGING CHECK TRANSACTIONS AND TELLERING
Quiz by Harold Noga
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21 questions
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- Q1The following are parts of a check EXCEPT for:Routing numberCheck NumberSignature lineAuthentication number45s
- Q2A negotiable instrument which guarantees the bearer to received the sum of money stated.treasury billsbank instrumentbank draftcheck45s
- Q3Checks considered as late deposits are those which:are received beyond cut-off periodare received within the specific banking hoursare received post-datedare received with error60s
- Q4Bank tellers can easily identify a crossed check because it has:two vertical linestwo intersecting linestwo horizontal linestwo short parallel lines.60s
- Q5Processing of payments is no longer under the scope of job function of a teller.FalseTrue45s
- Q6This part of a check is also termed as the reference number.authentication numbernumeric amount boxCheck numberaccount number45s
- Q7Among are the functions of a bank teller EXCEPT for:analyze cashflow statementbalance branch totalsprepares and submits reports and other related back office functionsdeposit account servicing60s
- Q8Republic Act 1405 is also known as:Bank Secrecy LawRural Banking ActNew General Banking LawCommercial Banking Law45s
- Q9Under R.A. 1405 it states that:the regulation of the organization and operations of banks, quasi-banks, trust entities and other purposes shall be under the scope of authority of Banko Sentral ng Pilipinasany disclosure of, or inquiry into, all deposits in banks and banking institutions in the Philippines is strictly prohibited.deposits of whatever nature with banks or banking institutions in the Philippines can be disclosed provided the amount does not exceeds 20 million pesos.45s
- Q10In order for a teller to identity of person(s) making withdrawals or encashments he/she should require clients to sign in what portion of the withdrawal slip?endorsement portionrecipient portionacknowledgement portionrouting portion45s
- Q11Operations Efficiency and Service Quality function of a teller involves:validation and securing functionsgeneral and monitoring functionsspecial and platform functionsstrategic and decision making functions45s
- Q12At the end of the day the teller must be able to:process opening of new accounts.perform balancing of all bank transactions.prepares ATM cash proof.performs batching.45s
- Q13The following are the platform functions of a bank teller EXCEPT for:Processes Bank Certificates, Bank Statements, ATM card replacements and Lost PassbookProcesses opening of New AccountsInterviews clients on their financial needsNone of the choices60s
- Q14This type of account has had no activity for a long period of time, other than posting interest.dormant accountclosed accounterroneous accountinactive account45s
- Q15This type of account can be described as having no transaction for a specified or significant period of time.inactive accountnew accountcrossed accountdormant account45s