EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

Ashwani gives a mandate in favor of B to operate the account. The given mandate include the authority for_____.

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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 2
Power of attorney executed by a person abroad and on which action is to be taken in India is required to be stamped according to:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
A mandate is:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
Modern Bank maintains a saving bank account of Mr. Chaturbhuj who has given authority in favour of Mr. Laxmi Prasad for the operation of the account. A telephone call is received about an accidental death of Mr.Chaturbhuj through his wife. On the same day a cheque signed by Mr. Laxmi Prasad prior to the date of death of Mr. Chaturbhuj is received through clearing:
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 5
An usance bill of exchange is accepted by the power of attorney holder of the drawee Mr. Sudhir. Subsequently, the said power of attorney is revoked by Mr. Sudhir before the bill falls due for payment. Which of the following is correct? 
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 6
A power of attorney is given on Jan 1, 2011, by X to Y. Y signed 3 cheques dated as of Dec 25, 2010, Jan 12, 2011, and Jan 31, 2011. On Jan 17, 2011, his authority is cancelled by X. Cheques are presented for payment on January 31, 2011:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 7
Mr. Ashok Kumar issues a power of attorney in favour of Mr. Amit Kumar on July 31, 2010, and dies on December 03, 2010. Your branch receives (on Dec 26, 2010) through a clearinghouse, two cheques, one of which is signed by Mr. Ashok Kumar on Nov 25, 2010, and another is signed by Mr. Amit Kumar, on Dec 12, 2010. Which cheques will be paid?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8
A authorises Z through a power of attorney to operate a locker. After 3 months, Z comes to the bank to surrender the locker:
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 9
A saving bank customer of your branch Mr. Ram Babu has given the authority to Mr. John to operate the account. Which among the following are the circumstance when the authority given will cease to operate: