BOB revision

Moneta means _________.

• Goddess of Currency

• Goddess of Earth

• Goddess of Warning

• Goddess  of Water

Can bank share details of customer if a court asks?

• Cannot give

• Court has to ask customer directly

• Bank has to ask customer and give

• It is mandatory to provide the details.

Banking in India is controlled/monitored and governed by Govt. of India through; 

• Negotiable Instruments Act, 1881

• Sale of Goods Act

• Banking Regulations (BR) Act,1949 and RBI through RBI Act,1934

• Companies Act

As per NI Act 1881, the negotiable instruments are -

• Promissory notes, bill of exchange or a cheque payable either to order or bearer on a specific dates

• Promissory notes, bill of exchange or a cheque payable either to order or bearer

• Promissory notes, bill of exchange or a cheque payable to order.

• Promissory notes or cheque payable either to order or bearer.

A cheque is treated as crossed cheque when -  

• the drawee of the cheque writes payment to Payee on back of the cheque

• one parallel line is drawn on the face of the cheque with name of the bearer

• None of the above.

• the cheque bears across its face two parallel lines

Which one is not the function of Reserve Bank of India ?

• Maintains foreign reserves

• Monetary policy

• Bankers to the bank

• Acceptance of deposits from public

Guardian appointed by will is:

• Natural Guardian

• Legal Guardian

• Testamentary Guardian

• Artificial Guardian

Bank cannot disclose the information about the customers account except the following:

• when desired by a person who has to collect money from customer

• When permitted under law

• when desired by close relatives

• when desired by customer's spouse

A contract undertaken by a Minor with a company for supply of goods is a -

• Enforceable Contract

• Void Contract

• Voidable Contract

• Valid Contract

A is having a locker with your branch. He has authorised B to opearate the locker through POA.  POA holder approaches you for surrender of  locker.

• If POA is registered B can surrender the locker

• Bank will accept since he has been authorised by customer 

• Bank can accept if there are no contents

• POA holder can only operate. Will not be allowed to  surrender the locker