NCC Bank: Advanced General Banking
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Questions and Answers

What year was the Money Laundering Prevention Act enacted?

  • 2012 (correct)
  • 2005
  • 2010
  • 2009

    • What is the primary focus of the manual regarding the skills of senior management?

  • General banking activities
  • Capacity development (correct)
  • Risk management
  • Customer relationship building

    • What is the main topic of chapter 3 in the manual?

  • Opening and operating different bank accounts (correct)
  • Banker customer relationship
  • Negotiable Instruments
  • Bills Collection and Remittance

    • Which Act is related to the evidence of bank records?

    <p>The Bankers' Books Evidence Act (1891)</p> Signup and view all the answers

    What is the year of the Anti-terrorism Act?

    <p>2009</p> Signup and view all the answers

    What is the primary focus of chapter 5 in the manual?

    <p>BACH, BACPS, Cash and vault managements</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 full form of BFIU in the context of banking?

    <p>Bangladesh Financial Intelligence Unit</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 10?

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

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

    <p>The Partnership Act, 1932</p> Signup and view all the answers

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

    <p>1994</p> Signup and view all the answers

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

    <p>The Contract Act, 1872</p> Signup and view all the answers

    How many chapters are there in the study material on General Banking for NCC Bank Limited?

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

    When does the relationship between a customer and a bank terminate?

    <p>All of the above</p> Signup and view all the answers

    What is the ultimate objective of relationship banking?

    <p>To earn sustainable growth in banking business</p> Signup and view all the answers

    What is the significance of customer service in the banking industry?

    <p>It is necessary for maintaining customer loyalty</p> Signup and view all the answers

    What is the focus of relationship banking?

    <p>On managing relations among depositors, borrowers, and regulatory bodies</p> Signup and view all the answers

    What is the outcome of relationship banking?

    <p>Long-term, mutually beneficial relationships</p> Signup and view all the answers

    What is a Trust according to the Trust Act, 1882?

    <p>An obligation annexed to the ownership of property, arising out of confidence reposed in a person or group of persons</p> Signup and view all the answers

    Who is the person who reposes or declares confidence in a trust?

    <p>The author of the trust</p> Signup and view all the answers

    What is the instrument by which a trust is created?

    <p>A trust deed</p> Signup and view all the answers

    What should a banker examine thoroughly when opening an account in the names of persons as trustees?

    <p>The trust deed</p> Signup and view all the answers

    Who is the person who accepts the confidence in a trust?

    <p>The trustee</p> Signup and view all the answers

    What is the role of an executor in a will?

    <p>To execute the will according to the testator's wishes</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 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 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 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

    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 responsible for distributing the estate of a deceased person?

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

    What aspect of risk management is particularly relevant to the skills of senior management?

    <p>Capacity development</p> Signup and view all the answers

    What is the focus of chapter 6 in the manual?

    <p>Bills Collection and Remittance</p> Signup and view all the answers

    How many areas are covered in the manual?

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

    What is the primary audience of the manual?

    <p>Senior bank executives</p> Signup and view all the answers

    What type of issues are discussed in chapter 4 of the manual?

    <p>Negotiable Instruments</p> Signup and view all the answers

    What is the primary focus of Chapter 10?

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

    Which 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 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, as mentioned in the study material?

    <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 is primarily discussed in chapter 10 of the manual?

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

    What is the primary focus of chapter 10 in the study material?

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

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

    <p>Chapter 10: Laws and Regulations Related to General Banking</p> Signup and view all the answers

    What is the topic of chapter 10 in the manual for NCC Bank Limited?

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

    Which chapter is related to laws and regulations in general banking?

    <p>Chapter 10: Laws and Regulations Related to General Banking</p> Signup and view all the answers

    What is the primary focus of the sections of the Contract Act, 1872, mentioned in the study material?

    <p>Some important sections related to contracts</p> Signup and view all the answers

    What is the relevance of the Companies Act, 1994, in the context of general banking?

    <p>It has some relevant issues related to general banking</p> Signup and view all the answers

    What is the primary objective of the Bank Companies Act, 1991, mentioned in the study material?

    <p>To govern the activities of banks</p> Signup and view all the answers

    What is the significance of the relevant sections of the Partnership Act, 1932, mentioned in the study material?

    <p>They have some relevant issues related to partnerships</p> Signup and view all the answers

    What is the primary focus of the laws and regulations discussed in Chapter 10 of the study material?

    <p>Relevant sections of various laws related to general banking</p> Signup and view all the answers

    What is the obligation annexed to the ownership of property in a trust?

    <p>Confidence reposed</p> Signup and view all the answers

    What is the document that contains the names of the trustees and their powers?

    <p>Trust deed</p> Signup and view all the answers

    What is the beneficial interest of the beneficiary in a trust?

    <p>Right against the trustees as owner of the trust property</p> Signup and view all the answers

    What should a banker thoroughly examine when opening an account in the names of persons as trustees?

    <p>The trust deed</p> Signup and view all the answers

    What is the person who accepts the confidence in a trust called?

    <p>Trustee</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 to pay off his debts</p> Signup and view all the answers

    What is the document required by an executor to act on a will?

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

    What is the role of an administrator?

    <p>To realize the assets of the deceased and to pay off his debts</p> Signup and view all the answers

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

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

    What is the term for a person who is appointed to conduct the affairs of a person after his death?

    <p>Personal representative</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>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

    What are the duties of an executor and administrator?

    <p>To realize the assets of the deceased and to pay off his debts</p> Signup and view all the answers

    What is the reason for terminating a customer-bank relationship due to the action of a government authority?

    <p>Attachment order issued by the income Tax authorities</p> Signup and view all the answers

    What is the primary objective of relationship banking in the banking industry?

    <p>To create a long-term, mutually beneficial relationship with customers</p> Signup and view all the answers

    What is the significance of customer service in the banking industry, according to the study material?

    <p>It has great significance in the banking industry</p> Signup and view all the answers

    What is the result of a successful relationship banking approach?

    <p>Increased customer loyalty</p> Signup and view all the answers

    What is the focus of relationship banking in terms of managing relationships?

    <p>Among depositors, borrowers, and regulatory bodies</p> Signup and view all the answers

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