GB Mixed-2
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Questions and Answers

Which chapter covers General Banking activities related to BACH, BACPS, Cash, and vault managements?

  • Chapter 6
  • Chapter 7
  • Chapter 4
  • Chapter 5 (correct)

What is the primary focus of Chapter 11?

  • Fraud, Forgeries & Malpractices in General Banking (correct)
  • Leadership and Managerial Skills in Banking
  • Risk Management
  • Laws and Regulations Related to General Banking

What does BFIU stand for in the context of banking?

  • Bangladesh Financial Intelligence Unit (correct)
  • Bangladesh Foreign Investment Unit
  • Bangladesh Financial Institution Unit
  • Bangladesh Foreign Institution Unit

Which chapter is related to the general laws and regulations of banking?

<p>Chapter 10 (D)</p> Signup and view all the answers

What is the year of the Bank Companies Act, mentioned in the study material?

<p>1991 (B)</p> Signup and view all the answers

Which chapter covers Laws and Regulations Related to General Banking?

<p>Chapter 10 (B)</p> Signup and view all the answers

What is the primary focus of Chapter 5?

<p>Clearing and Collection of Instruments (B)</p> Signup and view all the answers

Which chapter is related to Fraud, Forgeries & Malpractices in General Banking?

<p>Chapter 11 (A)</p> Signup and view all the answers

What is the primary role of an executor?

<p>To realize the assets of the deceased and pay off their debts (A)</p> Signup and view all the answers

What is a letter of administration?

<p>A court document appointing an administrator (C)</p> Signup and view all the answers

What is the role of an administrator?

<p>To manage the estate of a deceased person without a will (C)</p> Signup and view all the answers

What is required of an executor before they can act on a will?

<p>Obtain a probate from the court (A)</p> Signup and view all the answers

What is the primary duty of an executor or administrator?

<p>To realize the assets of the deceased and pay off their debts (D)</p> Signup and view all the answers

What is the purpose of an executor?

<p>To execute the will according to the testator's wishes (B)</p> Signup and view all the answers

What is the role of a personal representative?

<p>A person appointed by the court to manage the estate of a deceased person (D)</p> Signup and view all the answers

Who is responsible for managing the estate of a deceased person?

<p>The executor or administrator (A)</p> Signup and view all the answers

What is the purpose of obtaining a probate from the court?

<p>To allow the executor to act on the will (B)</p> Signup and view all the answers

What is required of an executor or administrator when opening a bank account?

<p>Sign an account opening form and specimen signature card (B)</p> Signup and view all the answers

What is the purpose of a letter of probate?

<p>To confirm a will (A)</p> Signup and view all the answers

What happens when a person dies without leaving a will?

<p>The court appoints an administrator (D)</p> Signup and view all the answers

Who is appointed by the will to execute the will?

<p>A personal representative (B)</p> Signup and view all the answers

What is the role of an administrator?

<p>To manage the estate of a deceased person (A)</p> Signup and view all the answers

What document authorizes the executor to act on the will?

<p>A letter of probate (C)</p> Signup and view all the answers

Who distributes the estate of a deceased person?

<p>The executor or administrator (B)</p> Signup and view all the answers

What is the primary focus of the chapter covering the Negotiable Instrument Act, 1881?

<p>Laws and Regulations Related to General Banking (B)</p> Signup and view all the answers

Which Act is relevant to the prevention of money laundering?

<p>Money Laundering Prevention Act, 2012 (D)</p> Signup and view all the answers

What is the primary focus of the chapter covering the Anti-terrorism Act, 2009?

<p>Laws and Regulations Related to General Banking (B)</p> Signup and view all the answers

What Act is relevant to contracts, as mentioned in the study material?

<p>Negotiable Instrument Act, 1881 (B)</p> Signup and view all the answers

What is primarily discussed in chapter 10 of the manual?

<p>Risk Management along with risk associated with general banking (C)</p> Signup and view all the answers

Which Act is relevant to general banking operations?

<p>Negotiable Instrument Act, 1881 (B)</p> Signup and view all the answers

What topic is covered in the chapter related to the Negotiable Instrument Act, 1881?

<p>Laws and Regulations Related to General Banking (A)</p> Signup and view all the answers

Which Act is primarily focused on laws and regulations related to general banking?

<p>Negotiable Instrument Act, 1881 (B)</p> Signup and view all the answers

What is a personal representative?

<p>A person who is appointed to conduct the affairs of a person after their death (A)</p> Signup and view all the answers

What is the difference between an executor and an administrator?

<p>An executor is appointed by the will, while an administrator is appointed by the court (A)</p> Signup and view all the answers

What must an executor obtain before they can act on a will?

<p>A letter of probate (C)</p> Signup and view all the answers

What is a letter of probate?

<p>An official confirmation of the will from the court (D)</p> Signup and view all the answers

What is the term for a person to whom the execution of a will is entrusted by the deceased?

<p>Executor (A)</p> Signup and view all the answers

Who is responsible for conducting the affairs of a person after their death?

<p>Personal Representative (A)</p> Signup and view all the answers

What is the role of a personal representative?

<p>To conduct the affairs of a person after their death (D)</p> Signup and view all the answers

What is NOT a responsibility of a personal representative?

<p>Conducting the affairs of a living person (A)</p> Signup and view all the answers

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