MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

Ravi Kumar and Sons, an HUF, maintain a current account. The Karta of the HUF dies and leaves behind three family members i.e. his wife and two minor sons. How will you deal with the account:

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 6
Ram Lal and Sons, an HUF concern, is having current account operated by Karta, who dies:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 7
Who among the following are considered as part of a Hindu Undivided Family:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8
In an HUF account the Karta goes abroad. In his absence who would operate the account:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 9
Which of the following actions cannot be taken by Karta of Hindu Undivided Family concerning the business?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1
The written instrument by which a trust is created is known as:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
Harish and Mahinder are joint trustees, and Harish only is authorized to operate the account. Harish issues a cheque, but Mahinder gives a stop payment notice. The bank in the case_____.
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
Mr Bishat, Secretary of Chandigarh Sports Club, who is authorised to operate the account, issues cheques for the club, which is presented for payment. Information is received by you about his death, from reliable sources, before the cheques are paid. In such circumstances, what would you do?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
Bank-B opens an account in the name of joint trustees. It receives information that one of them has died. In such circumstances: