Banking theory

Which bank have given the instructions to the commercial banks regarding the immediate credit ofoutstation cheques?

• Reserve Bank of India

• Central Bank

• World Bank

• All of the above

A cheque dated subsequent to the date of its issue is

• Post dated cheque

• Blank cheque

• Crossed cheque

• Account payee cheque

Dishonour of cheque by a banker without any justifiable reason is called

• Valid dishonour of cheques

• Unmindful dishonour of cheques

• Negligence dishonour of cheques

• Wrongful dishonour of cheques

The relationship between a banker and customer is............

• That of a debtor and creditor

• That of a creditor and debtor

• Primarily that of a debtor and a creditor

• (a) and (b) together

In executing the standing instructions, there exists a relationship of......

• debtor and creditor

• Trustee and Beneficiary

• Bailee and Bailor

• Agent and Principal

To constitute a person as a customer.......

• There must be frequency of transactions

• There must be a dealing of a banking nature

• There must be some sort of an account

• There must be a single transactions of any nature

The primary relationship between banker and customer is a ------------------ relationship.

• Mutual

• Contractual

• Personal

• None of the above

When customer's account overdrawn or when customer has taken loan from banker, then thecustomer.

• Creditor

• Agent

• Debtor

• Bailor

When banker received deposits from the customer, then the banker becomes -------------- of thecustomer.

• Debtor

• Creditor

• Bailee

• Trustee

Special damages refers to damages payable by a banker to his customer for the actual ------------- losssuffered by customer.

• Financial

• Special

• Unpecuniary

• Unfinancial