MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

A and B maintain a saving bank account as former or survivor. A requests bank to add the name of C. The bank:

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Important Questions on Banking Law and Practice

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1
Which of the following is incorrect about deceased accounts:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
Your customer Mr Kashyap is reported to have expired a month back and his son has informed you that the customer has not left any will, nor the account is having any nomination:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
A has a current account with the bank and expires. The claim is settled in favour of his heirs after six months. The legal heirs also claim interest. What would you do:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
What is the time frame within which bank's are required to settle claims in respect of deceased depositors and release payments to survivor's nominee?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 5
A Succession Certificate is issued by which of the following?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 6
Universal Bank had leased a locker in the name of Mr. Dharmesh. He had not nominated anyone for this purpose, nor he has left any will. On his death, some of the legal heirs want to take delivery of the contents of the locker. Based on which of the following documents, the contents can be delivered by the bank to the legal heirs:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 7
A sum of Rs. 20000 is lying in the account of a deceased customer and an attachment order has been received:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8
Which of the following statements is not correct: