NCC Bank: Advanced General Banking

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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?

The Bankers' Books Evidence Act (1891) Signup and view all the answers

What is the year of the Anti-terrorism Act?

2009 Signup and view all the answers

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

BACH, BACPS, Cash and vault managements Signup and view all the answers

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

Chapter 11 Signup and view all the answers

What is the full form of BFIU in the context of banking?

Bangladesh Financial Intelligence Unit Signup and view all the answers

Which chapter covers Laws and Regulations Related to General Banking?

Chapter 10 Signup and view all the answers

What is the primary focus of Chapter 10?

Laws and Regulations Related to General Banking Signup and view all the answers

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

Chapter 10 Signup and view all the answers

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

1991 Signup and view all the answers

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

The Partnership Act, 1932 Signup and view all the answers

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

1994 Signup and view all the answers

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

The Contract Act, 1872 Signup and view all the answers

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

10 Signup and view all the answers

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

All of the above Signup and view all the answers

What is the ultimate objective of relationship banking?

To earn sustainable growth in banking business Signup and view all the answers

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

It is necessary for maintaining customer loyalty Signup and view all the answers

What is the focus of relationship banking?

On managing relations among depositors, borrowers, and regulatory bodies Signup and view all the answers

What is the outcome of relationship banking?

Long-term, mutually beneficial relationships Signup and view all the answers

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

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

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

The author of the trust Signup and view all the answers

What is the instrument by which a trust is created?

A trust deed Signup and view all the answers

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

The trust deed Signup and view all the answers

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

The trustee Signup and view all the answers

What is the role of an executor in a will?

To execute the will according to the testator's wishes Signup and view all the answers

What is a letter of administration?

A court document appointing an administrator Signup and view all the answers

What is the role of an administrator?

To manage the estate of a deceased person without a will Signup and view all the answers

What is the primary duty of an executor or administrator?

To realize the assets of the deceased and pay off their debts Signup and view all the answers

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

Obtain a probate from the court Signup and view all the answers

What is a personal representative?

A person appointed by the court to manage the estate of a deceased person Signup and view all the answers

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

Sign an account opening form and specimen signature card Signup and view all the answers

What is the purpose of a letter of probate?

To confirm a will Signup and view all the answers

What happens when a person dies without leaving a will?

The court appoints an administrator Signup and view all the answers

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

The executor or administrator Signup and view all the answers

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

Capacity development Signup and view all the answers

What is the focus of chapter 6 in the manual?

Bills Collection and Remittance Signup and view all the answers

How many areas are covered in the manual?

Twelve Signup and view all the answers

What is the primary audience of the manual?

Senior bank executives Signup and view all the answers

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

Negotiable Instruments Signup and view all the answers

What is the primary focus of Chapter 10?

Laws and Regulations Related to General Banking Signup and view all the answers

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

Negotiable Instrument Act, 1881 Signup and view all the answers

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

Laws and Regulations Related to General Banking Signup and view all the answers

Which Act is relevant to the prevention of money laundering, as mentioned in the study material?

Money Laundering Prevention Act, 2012 Signup and view all the answers

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

Laws and Regulations Related to General Banking Signup and view all the answers

What is primarily discussed in chapter 10 of the manual?

Laws and Regulations Related to General Banking Signup and view all the answers

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

Laws and Regulations Related to General Banking Signup and view all the answers

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

Chapter 10: Laws and Regulations Related to General Banking Signup and view all the answers

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

Laws and Regulations Related to General Banking Signup and view all the answers

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

Chapter 10: Laws and Regulations Related to General Banking Signup and view all the answers

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

Some important sections related to contracts Signup and view all the answers

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

It has some relevant issues related to general banking Signup and view all the answers

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

To govern the activities of banks Signup and view all the answers

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

They have some relevant issues related to partnerships Signup and view all the answers

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

Relevant sections of various laws related to general banking Signup and view all the answers

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

Confidence reposed Signup and view all the answers

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

Trust deed Signup and view all the answers

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

Right against the trustees as owner of the trust property Signup and view all the answers

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

The trust deed Signup and view all the answers

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

Trustee Signup and view all the answers

What is the primary duty of an executor or administrator?

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

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

Letter of probate Signup and view all the answers

What is the role of an administrator?

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

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

Executor or administrator 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?

Personal representative Signup and view all the answers

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 Signup and view all the answers

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

Letter of probate Signup and view all the answers

What is a letter of probate?

An official confirmation of the will from the court 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?

Executor Signup and view all the answers

What are the duties of an executor and administrator?

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

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

Attachment order issued by the income Tax authorities Signup and view all the answers

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

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

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

It has great significance in the banking industry Signup and view all the answers

What is the result of a successful relationship banking approach?

Increased customer loyalty Signup and view all the answers

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

Among depositors, borrowers, and regulatory bodies Signup and view all the answers

NCC Bank: Advanced General Banking

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Questions and Answers

What year was the Money Laundering Prevention Act enacted?

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

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

Which Act is related to the evidence of bank records?

What is the year of the Anti-terrorism Act?

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

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

What is the full form of BFIU in the context of banking?

Which chapter covers Laws and Regulations Related to General Banking?

What is the primary focus of Chapter 10?

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

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

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

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

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

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

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

What is the ultimate objective of relationship banking?

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

What is the focus of relationship banking?

What is the outcome of relationship banking?

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

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

What is the instrument by which a trust is created?

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

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

What is the role of an executor in a will?

What is a letter of administration?

What is the role of an administrator?

What is the primary duty of an executor or administrator?

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

What is a personal representative?

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

What is the purpose of a letter of probate?

What happens when a person dies without leaving a will?

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

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

What is the focus of chapter 6 in the manual?

How many areas are covered in the manual?

What is the primary audience of the manual?

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

What is the primary focus of Chapter 10?

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

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

Which Act is relevant to the prevention of money laundering, as mentioned in the study material?

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

What is primarily discussed in chapter 10 of the manual?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

What is the primary duty of an executor or administrator?

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

What is the role of an administrator?

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

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

What is the difference between an executor and an administrator?

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

What is a letter of probate?

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

What are the duties of an executor and administrator?

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

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

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

What is the result of a successful relationship banking approach?

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

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