Top 150+ Solved Banking and Finance 3 MCQ Questions Answer
Q. The relationship between a banker and customer is............
a. That of a debtor and creditor
b. That of a creditor and debtor
c. Primarily that of a debtor and a creditor
d. (a) and (b) together
Q. In executing the standing instructions, there exists a relationship of......
a. debtor and creditor
b. Trustee and Beneficiary
c. Bailee and Bailor
d. Agent and Principal
Q. To constitute a person as a customer.......
a. There must be frequency of transactions
b. There must be a dealing of a banking nature
c. There must be some sort of an account
d. There must be a single transactions of any nature
Q. The best procedure for opening an account in the name of a minor X and the guardian Y would beunder the style.............
a. 'X' Account
b. 'b'-Account- Minor
c. 'y' in trust for X
d. 'y' account
Q. The most undesirable customer is.......
a. A minor
b. A married Woman
c. An unregistered firm
d. An undischarged bankrupt
Q. The primary relationship between a banker and customer starts from the time.
a. when customer visits that bank
b. when customer opens account
c. when customer visits that bank to made queries
d. All of the above
Q. The primary relationship between banker and customer is a ------------------ relationship.
a. Mutual
b. Contractual
c. Personal
d. None of the above
Q. Which one of the following is the most important relationship between banker and customer.
a. Debtor and Creditor
b. Bailee and Bailor
c. Agency and Principal
d. Trustee and Beneficiary
Q. When customer's account overdrawn or when customer has taken loan from banker, then thecustomer.
a. Creditor
b. Agent
c. Debtor
d. Bailor
Q. When banker received deposits from the customer, then the banker becomes -------------- of thecustomer.
a. Debtor
b. Creditor
c. Bailee
d. Trustee
Q. It is a ----------------- obligation of a banker to honour the cheques of the customer drawn againstcurrent account.
a. Mutual
b. Statutory
c. Unstatutory
d. All of the above
Q. Special damages refers to damages payable by a banker to his customer for the actual ------------- losssuffered by customer.
a. Financial
b. Special
c. Unpecuniary
d. Unfinancial
Q. ---------- is the right of a person to retain the property of another person in his possession untill thedebt from that owner of that property is repaid.
a. Lien
b. Retainment
c. Retrenchment
d. Libel
Q. The bank can consider ------------------ lien as their protection against loss on loan or overdraft whichwas given to its customers.
a. Special
b. Particular
c. General
d. Lending
Q. The right of set-off customers account can be exercised only by a-----
a. Creditors
b. Debtors
c. Banker
d. Customer