MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

When a person is declared insolvent another person appointed to realize his assets and pay off his liabilities is known as a_____.

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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 1
Sh. Des Raj a blind person approaches Meerut branch of Commercial Bank for opening a current account as he is engaged as a commission agent in the fruit business. The bank, however, refuses to open the current account giving the reason that such accounts are not permitted in the light of practical difficulties involved in the operation of the account:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
While making the payment to a blind person, the payment:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
Ravi and Sunder want to open a joint SF account and Ravi is illiterate. Then, which of the following course of action is applicable?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
Gurudeva, an illiterate customer in your branch, who is maintaining a savings account, requests you permit him to authorise his friend Bhisham to operate his account:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1
Corporate Bank had opened a saving bank account in the name of Mr. D. Singh and S. Singh operated as 'former or survivor'. The wife of D. Singh who is a nominee in the account comes to your branch and informs you that D.Singh has expired a month back. She also hands over the death certificate and requests for payment of the balance.
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2

X has a joint 'former or survivor's' account XY with his wife Y. X has an overdraft account, where he is not paying dues. Can you exercise a right of set-off as a banker?

HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
In a joint account (of two persons) payable to either or survivor, on the death of one of an account holder, the survivor obtains the balance for the legal heirs.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
There is an either-or survivor FDR of A and B but A dies before its maturity. B also dies one week after his death before maturity. FD amount is payable to: