40 Questions
Which chapter covers General Banking activities related to BACH, BACPS, Cash, and vault managements?
Chapter 5
What is the primary focus of Chapter 11?
Fraud, Forgeries & Malpractices in General Banking
What does BFIU stand for in the context of banking?
Bangladesh Financial Intelligence Unit
Which chapter is related to the general laws and regulations of banking?
Chapter 10
What is the year of the Bank Companies Act, mentioned in the study material?
1991
Which chapter covers Laws and Regulations Related to General Banking?
Chapter 10
What is the primary focus of Chapter 5?
Clearing and Collection of Instruments
Which chapter is related to Fraud, Forgeries & Malpractices in General Banking?
Chapter 11
What is the primary role of an executor?
To realize the assets of the deceased and pay off their debts
What is a letter of administration?
A court document appointing an administrator
What is the role of an administrator?
To manage the estate of a deceased person without a will
What is required of an executor before they can act on a will?
Obtain a probate from the court
What is the primary duty of an executor or administrator?
To realize the assets of the deceased and pay off their debts
What is the purpose of an executor?
To execute the will according to the testator's wishes
What is the role of a personal representative?
A person appointed by the court to manage the estate of a deceased person
Who is responsible for managing the estate of a deceased person?
The executor or administrator
What is the purpose of obtaining a probate from the court?
To allow the executor to act on the will
What is required of an executor or administrator when opening a bank account?
Sign an account opening form and specimen signature card
What is the purpose of a letter of probate?
To confirm a will
What happens when a person dies without leaving a will?
The court appoints an administrator
Who is appointed by the will to execute the will?
A personal representative
What is the role of an administrator?
To manage the estate of a deceased person
What document authorizes the executor to act on the will?
A letter of probate
Who distributes the estate of a deceased person?
The executor or administrator
What is the primary focus of the chapter covering the Negotiable Instrument Act, 1881?
Laws and Regulations Related to General Banking
Which Act is relevant to the prevention of money laundering?
Money Laundering Prevention Act, 2012
What is the primary focus of the chapter covering the Anti-terrorism Act, 2009?
Laws and Regulations Related to General Banking
What Act is relevant to contracts, as mentioned in the study material?
Negotiable Instrument Act, 1881
What is primarily discussed in chapter 10 of the manual?
Risk Management along with risk associated with general banking
Which Act is relevant to general banking operations?
Negotiable Instrument Act, 1881
What topic is covered in the chapter related to the Negotiable Instrument Act, 1881?
Laws and Regulations Related to General Banking
Which Act is primarily focused on laws and regulations related to general banking?
Negotiable Instrument Act, 1881
What is a personal representative?
A person who is appointed to conduct the affairs of a person after their death
What is the difference between an executor and an administrator?
An executor is appointed by the will, while an administrator is appointed by the court
What must an executor obtain before they can act on a will?
A letter of probate
What is a letter of probate?
An official confirmation of the will from the court
What is the term for a person to whom the execution of a will is entrusted by the deceased?
Executor
Who is responsible for conducting the affairs of a person after their death?
Personal Representative
What is the role of a personal representative?
To conduct the affairs of a person after their death
What is NOT a responsibility of a personal representative?
Conducting the affairs of a living person
Quiz on general banking activities, including cash and vault management, clearing and collection of instruments, and fraud prevention.
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