GB Mixed-3
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Questions and Answers

Which Act is relevant to contracts in general banking?

  • The Partnership Act, 1932
  • The Contract Act, 1872 (correct)
  • The Companies Act, 1994
  • The Bank Companies Act, 1991

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

  • 7
  • 10 (correct)
  • 5
  • 8

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

  • When the customer closes their account
  • When the customer becomes insolvent
  • When the customer's account becomes unclaimed
  • All of the above (correct)

    • Which Act is relevant to partnership in general banking?

    <p>The Partnership Act, 1932</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 year of the Companies Act, mentioned in the study material, with amendments?

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

    What is the reason for the termination of the relationship between a customer and a bank when the customer's account becomes unclaimed?

    <p>The customer's account becomes unclaimed</p> Signup and view all the answers

    Which Act is not relevant to partnership, contracts, or companies in general banking?

    <p>The Bank Companies Act, 1991</p> Signup and view all the answers

    What is the ultimate objective of relationship banking in a banking business?

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

    What is the primary 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 successful relationship banking?

    <p>Long-term, mutually beneficial relationships</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 primary goal of bankers in relationship banking?

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

    What is the importance of managing relations among depositors, borrowers, and regulatory bodies?

    <p>It is crucial for earning sustainable growth in banking business</p> Signup and view all the answers

    What is the outcome of not providing good customer service in the banking industry?

    <p>Customers will switch to a competitor</p> Signup and view all the answers

    What is the primary benefit of relationship banking to customers?

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

    What is the primary purpose of an executor in executing a will?

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

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

    <p>A probate from the court</p> Signup and view all the answers

    Who is responsible for managing the estate of a deceased person who did not leave a will?

    <p>An administrator</p> Signup and view all the answers

    What is the role of a personal representative?

    <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 administrator?

    <p>To manage the estate of a deceased person without a will</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

    Who is responsible for realizing the assets of the deceased and paying off their debts?

    <p>An executor</p> Signup and view all the answers

    What is the process of executing a will called?

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

    What is the primary focus of the manual in terms of risk management?

    <p>To mitigate risk through capacity development</p> Signup and view all the answers

    What is the primary audience of the manual, and what is the level of their knowledge requirements?

    <p>Senior bank executives with relatively advanced knowledge requirements</p> Signup and view all the answers

    What is the primary focus of Chapter 4 in the manual?

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

    What type of instruments are primarily discussed in Chapter 4?

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

    What is the primary focus of Chapter 10 in the manual?

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

    What is the primary purpose of the manual in terms of chapter organization?

    <p>To organize the manual into logical topic-based chapters</p> Signup and view all the answers

    What is the primary focus of the manual in terms of chapter content?

    <p>To discuss specific topics related to general banking</p> Signup and view all the answers

    What is the primary benefit of the manual for senior bank executives?

    <p>To enhance their knowledge and skills in general banking</p> Signup and view all the answers

    What is the primary 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 the key difference between an executor and an administrator?

    <p>The court's involvement in their appointment</p> Signup and view all the answers

    What is the purpose of a letter of probate?

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

    What is the term for a person who is entrusted with the execution of a will by the deceased?

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

    What is the relationship between a personal representative and an executor?

    <p>An executor is a type of personal representative</p> Signup and view all the answers

    What is the consequence of a person dying without leaving a will?

    <p>The executor is appointed by the court</p> Signup and view all the answers

    What is the role of a court in the appointment of a personal representative?

    <p>The court appoints an administrator when a person dies without a will</p> Signup and view all the answers

    What is the purpose of a letter of administration?

    <p>Not mentioned in the study material</p> Signup and view all the answers

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