40 Questions
What is Chapter 7 of the manual primarily about?
Cash and Vault Management
What is the nature of the relationship between banks and their clients?
Fiduciary
What is the primary role of commercial banks in the economy?
To act as financial intermediaries
What is Chapter 9 of the manual primarily about?
Risk Management
What is the supreme responsibility of banks towards their customers?
To protect customers' deposit and maintain secrecy
What is the main topic discussed in Chapter 6 of the manual?
Bills Collection and Remittance
Which of the following chapters discusses the topic of Bills Collection and Remittance?
Chapter 6
What is NOT discussed in Chapter 6 of the manual?
Vault management
Which of the following topics is closely related to Chapter 6?
Clearing and Collection of Instruments
What is the primary focus of Chapter 6 in the manual?
Bills Collection and Remittance
What is the primary responsibility of the presenting bank in the clearing process?
To ensure the authenticity of the instruments presented
What is the purpose of BACH in the clearing process?
To automate the clearing process
What is the primary objective of operational due diligence in the clearing process?
To minimize the risk of fraud
What is the primary function of the paying bank in the clearing process?
To ensure the payer's account has sufficient funds
What is the primary benefit of using MICR in the clearing process?
To improve the accuracy of data capture
What is the main purpose of examining the Trust Deed when opening a trust account?
To verify the powers vested in the trustees
What is the term for the person who accepts the confidence in a trust?
Trustee
What is the instrument by which a trust is created?
Trust Deed
What is the name given to the person who reposes or declares confidence in a trust?
Author of the trust
What is the term for the right of the beneficiary against the trustees as owner of the trust property?
Beneficial interest
What is the main function of the Banking Regulations and Policy Division (BRPD)?
To formulate policies for the development of the banking sector
What does the acronym 'AOF' stand for in the context of banking?
Account Opening Form
What is the primary objective of the Customer Relationship Management (CRM) system?
To improve customer services and relationships
What does the Bangladesh Financial Intelligence Unit (BFIU) do?
Prevents money laundering and terrorist financing
What is the primary function of the Automated Clearing House (ACH)?
To process electronic payment transactions
What is required in addition to the indemnity from the successors or guarantee from a third party for unclaimed deposits?
A payment order in favor of the payee
What is the purpose of the instruction circular letter placed in annexure-7?
To outline the procedure for procuring fresh and renewal of corporate deposits
What is the relevance of Section 35 of the Bank Company Act 1991 (amendment up to 2013) in the context of unclaimed deposits?
It stipulates the maintenance of unclaimed deposit accounts
What is required in addition to the passport of the successors or proof of identity for unclaimed deposits?
Affidavit or Notary Public submitted by the heirs
What is the purpose of Annexure-5 in the context of unclaimed deposits?
It provides guidance on the maintenance of unclaimed deposit accounts
What is the primary purpose of deposit mobilization in banking?
To attract deposits from various customer groups
What is the main task of banking in terms of deposit mobilization?
To mobilize savings through intensive deposit collection
What do banks use to fund their business?
Deposits from retail and corporate customers, paid-up capital, reserve, and borrowings
What is the purpose of banks introducing several deposit schemes?
To attract deposits from various customer groups
What is the main benefit of banks diversifying their sources of funds?
To reduce dependence on funds from other banks
What is the primary importance of deposit mobilization in banking?
To mobilize savings through intensive deposit collection
What do banks keep in various accounts?
Deposits
Why are banks opening branches all across the country?
To reduce dependence on urban deposits
What is the role of deposits in a bank's business?
To fund the bank's business
What is the purpose of intensive deposit collection?
To mobilize savings
Test your knowledge of banking operations, including cash management, risk management, laws and regulations, and leadership skills. This quiz covers various aspects of general banking, including fraud prevention and management.
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