HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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Under general lien, in case of default by the borrower, the bank, after giving  a proper/reasonable notice to the borrower can:

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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 15
The period of limitation for exercising banker's lien is:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 16
Law of Limitation does not affect the rights of a creditor.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 17
If a lien is used without giving notice to the borrower, the bank is liable.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1
The process of adjustment of loan from a deposit of the same name in the same capacity, in the same bank, is called:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
X borrowed Rs. 20000 from your branch, which he is not repaying and the loan has become time-barred due to non-acknowledgement and non-payment. X has a saving bank deposit in his name showing credit balance. Can the bank exercise its right of set-off for this time-barred debt?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
Mohan raised a loan against an FD in his name which he has repaid and FD has been delivered back. A clean overdraft is also outstanding for which he has shown his inability to pay.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
Rajan raised a loan and Harish was his guarantor and loan has become due, for payment, which Rajan fails to pay. Bank had to recall the loan due to this. Harish maintains an SB account, with another branch of the bank along with a term deposit, which is yet to mature:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 5
Right of set-off is exercisable, where the relationship is of: