Quiz on Banking Law & Practice in PPT

A Cheque is a type of

• Promissory Note
• Bill of Exchange
• Certificate of Deposit
• Money Order

In case of Safe custody of Articles Bank will act as

• Debtor
• Pledger
• Bailee
• Trustee

For Financing Vehicle which type of charge will created

• Pledge
• Assignment
• Mortgage
• Hypothecation

In case of Cheque Drawee will always be

• Account Holder
• Payee
• Baneficiary
• Bank

Which of the following is not a Duty of Banker

• Duty to maintain Balance
• Duty to maintain Secrecy
• Duty to render proper accounts
• Duty to Honour Cheques

Which of the following is not a Pillar under KYC

• Customer Acceptance Policy
• Customer Selection Process
• Customer Identification Process
• Monitoring of Transaction

For Financing against LIC policy which type of charge will created

• Pledge
• Assignment
• Mortgage
• Hypothecation

A Banker can transfer Credit Balance of Deposit a/c in NPA Loan a/c. This right is called

• Right of General Lien
• Right of Set-Off
• Right of Appropriation
• Right to Charge Interest

Under Hypothecation Possession of Good remians with

• RTO
• Guarantor
• Borrower
• Bank

For issuing duplicate FDR which type of contract is executed

• Pledge
• Guarantor
• Indemnity
• Hypothecation