MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

A nomination can be accepted in favour of which of the following:

50% studentsanswered this correctly

Important Questions on Banking Law and Practice

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 18
On the death of an FD holder his nominee claims the payment before maturity, but the legal heirs oppose such payment:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 19
Which of the following does not match with regard to provisions of Banking Regulation Act 1949, relating to nomination:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 20
The legal status of a nominee is that of:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 21
B had taken a loan against the FDR in his name. He makes a request for nomination in favour of his son S and also wants to add the name of his daughter D as a joint holder:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 22

X had nominated Z for his fixed deposit account. After death of X, Z can:

(a) get loan against the FDR.

(b) get the FDR transferred in his name.

(c) get premature payment with or without consent of legal heirs.

(d) get premature payment without consent of legal heirs.

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 23
As per clarification given by RBI, in case of nomination, the thumb impression or signatures of the account holder:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1
Your saving bank customer Mr. Yogi informs you about an entry made in his bank account which he believes does not belong to him and makes a request to delete it from his account, as that involves tax implications. The pay-inslip shows that the amount has been deposited by one Mr. Nagesh in his account:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
The renewal of a term deposit can be done from date of maturity itself if: