Friday, 31 March 2017

Banking Questions Test (MCQ)- 38

1.    What is the relationship of a banker & customer in case of goods left by the customer by mistake in the bank
a.    Bailee- bailor           b. Lessor-lessee      c. Creditor-debtor     d. Trustee-beneficiary


2. The banker customer relationship in case of a locker is that of …
a. Lessee-lessor b. Trustee-beneficiary        c. Agent-Principal    d. Lessor – lessee

3. The banker customer relationship in case of safe custody of goods is that of …
a. Bailee-bailor   b. Trustee-beneficiary        c. Agent-Principal    d. Lessor – lessee

4. The garnishee order does not attach the followings…
a. Amount deposited 2 hours after the receipt of the order
b. Undrawn balance in OD a/c
c. Amount received for safe custody
d. All of the above

5. The word Customer is defined in
a. KYC guidelines issued by RBI       b. BCSBI      c. IBA d. Banking Regulation Act

6. A borrower giving an undertaking that he will not create any charge on the assets owned by him nor will sell the assets without prior permission of the bank till the currency of the loan is called:
a. No lien letter   b. Guarantee c. Lien letter  d. Irrevocable undertaking

7. A minor whose guardian has been appointed by court attains majority on completion of … years of age:
a. 18                  b. 21             c. 25             d. None of these

8. A minor has a deposit account which is operated by his father & natural guardian. If the latter dies, who can receive the proceeds during the minority of the minor?
a. Minor himself            b. grandfather          c. court appointed guardian  d. None of these

9. What is the maximum number of HUFs which can become partners in a partnership firm?
a. 2          b. 3     c. 10   d. HUFs cannot become partner in a partnership firm

10. There is a current account in the name of a trust. The nomination in this account can be allowed if the nominee is a:
a. Trustee          b. Person named in the trust deed         

c. Manager         d. Nominee cannot allowed

Answer-
1
2
3
4
5
6
7
8
9
10
d
d
A
d
a
a
b
c
d
d

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