40 Questions
Which Act is relevant to contracts in general banking?
The Contract Act, 1872
How many chapters are there in the study material on General Banking for NCC Bank Limited?
10
When does the relationship between a customer and a bank terminate?
All of the above
Which Act is relevant to partnership in general banking?
The Partnership Act, 1932
What is the ultimate objective of relationship banking?
To earn sustainable growth in banking business
What is the year of the Companies Act, mentioned in the study material, with amendments?
1994
What is the reason for the termination of the relationship between a customer and a bank when the customer's account becomes unclaimed?
The customer's account becomes unclaimed
Which Act is not relevant to partnership, contracts, or companies in general banking?
The Bank Companies Act, 1991
What is the ultimate objective of relationship banking in a banking business?
To earn sustainable growth in banking business
What is the primary focus of relationship banking?
On managing relations among depositors, borrowers, and regulatory bodies
What is the outcome of successful relationship banking?
Long-term, mutually beneficial relationships
What is the significance of customer service in the banking industry?
It is necessary for maintaining customer loyalty
What is the primary goal of bankers in relationship banking?
To earn sustainable growth in banking business
What is the importance of managing relations among depositors, borrowers, and regulatory bodies?
It is crucial for earning sustainable growth in banking business
What is the outcome of not providing good customer service in the banking industry?
Customers will switch to a competitor
What is the primary benefit of relationship banking to customers?
It creates long-term, mutually beneficial relationships
What is the primary purpose of an executor in executing a will?
To realize the assets of the deceased and pay off their debts
What document is required for an executor to act on a will?
A probate from the court
Who is responsible for managing the estate of a deceased person who did not leave a will?
An administrator
What is the role of a personal representative?
To manage the estate of a deceased person without a will
What is the primary duty of an administrator?
To manage the estate of a deceased person without a will
What is a letter of administration?
A court document appointing an administrator
Who is responsible for realizing the assets of the deceased and paying off their debts?
An executor
What is the process of executing a will called?
Probate
What is the primary focus of the manual in terms of risk management?
To mitigate risk through capacity development
What is the primary audience of the manual, and what is the level of their knowledge requirements?
Senior bank executives with relatively advanced knowledge requirements
What is the primary focus of Chapter 4 in the manual?
Negotiable Instruments
What type of instruments are primarily discussed in Chapter 4?
Negotiable Instruments
What is the primary focus of Chapter 10 in the manual?
Laws and Regulations Related to General Banking
What is the primary purpose of the manual in terms of chapter organization?
To organize the manual into logical topic-based chapters
What is the primary focus of the manual in terms of chapter content?
To discuss specific topics related to general banking
What is the primary benefit of the manual for senior bank executives?
To enhance their knowledge and skills in general banking
What is the primary role of a personal representative?
To conduct the affairs of a person after their death
What is the key difference between an executor and an administrator?
The court's involvement in their appointment
What is the purpose of a letter of probate?
To confirm the validity of the will
What is the term for a person who is entrusted with the execution of a will by the deceased?
Executor
What is the relationship between a personal representative and an executor?
An executor is a type of personal representative
What is the consequence of a person dying without leaving a will?
The executor is appointed by the court
What is the role of a court in the appointment of a personal representative?
The court appoints an administrator when a person dies without a will
What is the purpose of a letter of administration?
Not mentioned in the study material
Test your knowledge of partnership and companies act, including relevant dates and amendments. This quiz is perfect for general banking and business students.
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