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MIDTERM QUIZ 1: MANAGING CHECK TRANSACTIONS AND TELLERING

Quiz by Harold Noga

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21 questions
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  • Q1
    The following are parts of a check EXCEPT for:
    Routing number
    Check Number
    Signature line
    Authentication number
    45s
  • Q2
    A negotiable instrument which guarantees the bearer to received the sum of money stated.
    treasury bills
    bank instrument
    bank draft
    check
    45s
  • Q3
    Checks considered as late deposits are those which:
    are received beyond cut-off period
    are received within the specific banking hours
    are received post-dated
    are received with error
    60s
  • Q4
    Bank tellers can easily identify a crossed check because it has:
    two vertical lines
    two intersecting lines
    two horizontal lines
    two short parallel lines.
    60s
  • Q5
    Processing of payments is no longer under the scope of job function of a teller.
    False
    True
    45s
  • Q6
    This part of a check is also termed as the reference number.
    authentication number
    numeric amount box
    Check number
    account number
    45s
  • Q7
    Among are the functions of a bank teller EXCEPT for:
    analyze cashflow statement
    balance branch totals
    prepares and submits reports and other related back office functions
    deposit account servicing
    60s
  • Q8
    Republic Act 1405 is also known as:
    Bank Secrecy Law
    Rural Banking Act
    New General Banking Law
    Commercial Banking Law
    45s
  • Q9
    Under 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 Pilipinas
    any 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
  • Q10
    In 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 portion
    recipient portion
    acknowledgement portion
    routing portion
    45s
  • Q11
    Operations Efficiency and Service Quality function of a teller involves:
    validation and securing functions
    general and monitoring functions
    special and platform functions
    strategic and decision making functions
    45s
  • Q12
    At 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
  • Q13
    The following are the platform functions of a bank teller EXCEPT for:
    Processes Bank Certificates, Bank Statements, ATM card replacements and Lost Passbook
    Processes opening of New Accounts
    Interviews clients on their financial needs
    None of the choices
    60s
  • Q14
    This type of account has had no activity for a long period of time, other than posting interest.
    dormant account
    closed account
    erroneous account
    inactive account
    45s
  • Q15
    This type of account can be described as having no transaction for a specified or significant period of time.
    inactive account
    new account
    crossed account
    dormant account
    45s

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