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</p> Signup and view all the answers

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

    <p>1991</p> Signup and view all the answers

    Which chapter covers Laws and Regulations Related to General Banking?

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

    What is the primary focus of Chapter 5?

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

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

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

    What is a letter of administration?

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

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

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

    What is the purpose of a letter of probate?

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

    What happens when a person dies without leaving a will?

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

    Who is appointed by the will to execute the will?

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

    What is the role of an administrator?

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

    What document authorizes the executor to act on the will?

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

    Who distributes the estate of a deceased person?

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

    Which Act is relevant to the prevention of money laundering?

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

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

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

    Which Act is relevant to general banking operations?

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

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

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

    What is a letter of probate?

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

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

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

    What is NOT a responsibility of a personal representative?

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

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