MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

A cheque is in favour of trust. The trustee wants to deposit this cheque in his personal account. The collecting 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 5
Which among the following is the most appropriate explanation of the term 'conversion'?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 6
A customer of your branch, Satyam, deposits a cheque, which he steals from another person named Satyam. Your branch collects this cheque (customer has a defective title) without being aware of the defect:
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 7
A cheque has been deposited by a customer with his bank for collection. The bank allows an overdraft against the security thereof. The bank becomes:
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8
Model Bank is approached by Mr. Rameshwar with a cheque of Rs.3 lakh drawn in his favour, by a public limited company dealing with another branch of the bank. He endorses the cheque and requests that the bank may collect the cheque and issue a fixed deposit for two years today itself:
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 9
In respect of which of the following, the protection is allowed under the provision of Section 131 of the Negotiable Instrument Act in the context of a collection of cheque by the collecting banker:
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 10
When a bank is collecting a cheque of a newly opened saving bank deposit account as the first entry in the account, then _____.
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 11
A customer in your branch deposited a cheque for collection from some other bank. The cheque kept on lying with the branch for a long period for its collection and in the meantime, the drawer has become bankrupt:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 12
Unauthorized interference in the property of another person, that becomes a punishable offense is called: