Banker's Rights & Duties Quiz

Banker's Rights & Duties Quiz

University

5 Qs

quiz-placeholder

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Banker's Rights & Duties Quiz

Banker's Rights & Duties Quiz

Assessment

Quiz

Social Studies

University

Practice Problem

Hard

Created by

ISMAH ISMAIL

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the bank's right to charge for keeping an account and clearing cheques?

Right to Honor Cheques

Right to Commission/Service Charges

Right to Set-Off

Right to Interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under what condition can a bank set off amounts owed by a customer?

If the customer has multiple accounts

If the sum owed is certain and due

If the sum owed is uncertain

If the customer has a good credit score

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the penalty for breaching the duty of secrecy under the Financial Services Act 2013?

Imprisonment for a term not exceeding 3 years

Fine not exceeding RM5 million

Imprisonment for a term not exceeding 5 years or fine not exceeding RM10 million

No penalty

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which case did the court rule that a bank must keep customer information confidential?

Rahimah Bte Abdullah v Bank Bumiputra Malaysia Berhad

Tournier v National Provincial and Union Bank of England Ltd

Robertson v Canadian Imperial Bank of Commerce

Wong Yeng Mun V CIMB Bank Berhad

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What must a bank do upon receiving a Garnishee Order?

Ignore the order

Freeze the account of the customer to the extent stated in the order

Transfer the funds to the court

Notify the customer immediately

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