EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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Usually a loan obtained by a minor cannot be recovered but when it is given for his necessity, the loan can be recovered from his property. This provision is contained as per:

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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 18
Ram Kumar, a Hindu and father of minor Sham Kumar converts himself to a Mohammandan called Abdul Hamid. What is his status as a guardian:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 19
Who is the guardian of a Muslim Minor on death of the father:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 20
J. Singh, approaches you to open a saving bank account in the name of his grand son under his guardianship. Which among the following precautions will be taken by the bank?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 21
IBA's Model Deposit Policy allows banks to open only saving bank account of the minor.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 22
Which of the following statement is not correct regarding a minor:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 23
Mr. Seth has been sanctioned an overdraft limit of Rs. 5 lakh for his proprietorship firm. He has been called to the bank to execute the documents. However, he sends his 16 years old son along with a power of attorney to sign the documents as he had to suddenly go out of the country for 2 months. What the bank would do?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1
Mr A, Mr B and Mr C form a partnership but due to their ignorance, they do not get the firm registered with the Registrar of Firms. What kind of risk they are running by not getting the firm registered?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
A partner is acting as an agent of the firm. He can bind the firm by an act done for the firm and in thé name of the firm in the normal course of business. This is called: