IDBI-B11-BOB-LU2

Maximum number of partners in a Partnership firm is.......

• 50

• 100

• 200

While opening an account in the name of partnership firm,one of the following documents must be obtained.

• Memorandum of Association

• Board Resolution

• Partnership Deed

In a LLP account the liability of the individual partners is..............

• Unlimited

• Limited to the extent of amount drawn by them from the partnership

• Limited to the extent of their contribution

The members in a HUF are called as .........

• Coparcenors

• Kartha

• Family member

An Illiterate customer has opened a SB account with your branch and requests for issue of a cheque book. You will....

• Agree

• You will decline

• You will agree if accompanied by a guarantee from another account holder

A mandate gets terminated when.........

• there is no credit balance available in the account

• the mandate holder does not operate the account

• the mandate giver passes away/becomes insane/revokes the mandate

A Fixed deposit account is in the name of A & B & C operated on Anyone or Survivor Basis. A approaches you to pre-close the same. How will you respond?

• Signature of all 3 required

• Can be closed with signature of A

• Can be closed only with the signature of B or C alone

In a Deposit account, the relationship between the Bank and its customer is that of.........

• Creditor/Debtor

• Trustee/Beneficiary

• Debtor/creditor

Power of attorney executed outside India must be stamped within .......months of receipt in India.

• 3

• 2

• 6

You have received a cheque favouring M/s National Enterprises, a Partnership Firm. One of the partners having a SB account with you seeks credit of the cheque to his SB account as he is the Managing Partner and he also produces the Partnership Deed to establish this fact.

• Credit the cheque to his SB account as he is the Managing Partner

• Cannot credit the cheque to the Partner’s Accoun

• Credit the cheque to his SB account only if all the other partners give their consent