HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

The Secretary of Seth Chanan Mal Public Trust, a reputed trust having 3 Trustees, has approached you to open a saving bank account in favour of the Trust. While going through the Trust Deed submitted along with the application you find that there is no provision for operation of the bank account. What would you do in the situation?

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Important Questions on Banking Law and Practice

HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 14
Your branch receives from the trustees of a trust, a resolution passed by the trustees resolving that the current account would be operated by two out the three trustees, as the 3rd trustee is proceeding abroad. The account is presently operated by all the three in terms of the trust deed.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1
What is meant by the word Executor?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
What is probate:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
Succession Certificate is applicable for deposits and lockers or safe deposit of articles:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
You are approached by a person for opening an account in the name of an executor of a will. You require which of the following documents:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 5
Probate and letter of administration issued by Distt Court is valid in the State and issued by the High Court is valid throughout India:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 6
Where a person is missing for the last more than 7 years, the claimants of the estates of a missing person can approach a court for declaring the person as dead as per Section 108 of Indian Evidence Act:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 7
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