Top 50+ Solved Relationship between Banker and Customer MCQ Questions Answer
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
Q. The rate of interest charged for the loan by the banker compared to overdraft and cash credit isgenerally.
a. High
b. Low
c. Same
d. Based on the amount
Q. The services rendered by a banker as an agent of his customers are called
a. Principal services
b. Agency services
c. General utility services
d. Social services
Q. The written instructions given by the customers to banker to perform the services like collection andpayment of money is noted down in
a. Written Instructions Book
b. Standing Instructions Book
c. Banking Instructions Book
d. Services Instructions Book
Q. A -------------- is a person who is entrusted with some property by the settler or the author of the trustfor the benefit of another person called beneficiary.
a. Attorney
b. Executor
c. Administrator
d. Trustee
Q. Services rendered by a banker not only to his customers, but also to the general public are called as
a. Principal services
b. Agency services
c. General utility services
d. Social services