N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 26: TEST YOUR SELF

Author:N. S. Toor

N. S. Toor General Knowledge/General Awareness Solutions for Exercise - N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 26: TEST YOUR SELF

Attempt the practice questions on Chapter 4: Banking Law and Practice, Exercise 26: TEST YOUR SELF with hints and solutions to strengthen your understanding. Hand Book Of Banking Information solutions are prepared by Experienced Embibe Experts.

Questions from N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 26: TEST YOUR SELF with Hints & Solutions

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

An administrator is:

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT

A person called Naresh expired 6 months back and according to his will, Mr. Kamal and Mr. Suneel are the executors of the will. They want to open a bank account. What will be the style of the account, which the bank would permit to be opened?

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

Letter of Administration is issued in case of:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

A holder of the will of a deceased person (executor) and an administrator:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

Which of the following documents will have to be carefully examined by a bank branch, when it is approached by the administrator of a deceased's estate? 

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

A bank receives a cheque drawn by Ravi who is executor for deceased Mohan. After Ravi's death, the bank:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

Executors and administrator has the authority to manage the estate of the deceased as per the provisions of Indian Succession Act:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

All executors are treated as one person u/s 221 of the Indian Succession Act: