GB Mixed-3

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?

The Partnership Act, 1932 (B) Signup and view all the answers

What is the ultimate objective of relationship banking?

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

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

1994 (A) 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?

The customer's account becomes unclaimed (B) Signup and view all the answers

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

The Bank Companies Act, 1991 (A) Signup and view all the answers

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

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

What is the primary focus of relationship banking?

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

What is the outcome of successful relationship banking?

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

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

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

What is the primary goal of bankers in relationship banking?

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

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

It is crucial for earning sustainable growth in banking business (C) Signup and view all the answers

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

Customers will switch to a competitor (C) Signup and view all the answers

What is the primary benefit of relationship banking to customers?

It creates long-term, mutually beneficial relationships (C) Signup and view all the answers

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

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

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

A probate from the court (C) Signup and view all the answers

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

An administrator (D) Signup and view all the answers

What is the role of a personal representative?

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

What is the primary duty of an administrator?

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

What is a letter of administration?

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

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

An executor (A) Signup and view all the answers

What is the process of executing a will called?

Probate (D) Signup and view all the answers

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

To mitigate risk through capacity development (D) Signup and view all the answers

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 (A) Signup and view all the answers

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

Negotiable Instruments (D) Signup and view all the answers

What type of instruments are primarily discussed in Chapter 4?

Negotiable Instruments (C) Signup and view all the answers

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

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

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

To organize the manual into logical topic-based chapters (C) Signup and view all the answers

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

To discuss specific topics related to general banking (A) Signup and view all the answers

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

To enhance their knowledge and skills in general banking (B) Signup and view all the answers

What is the primary role of a personal representative?

To conduct the affairs of a person after their death (B) Signup and view all the answers

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

The court's involvement in their appointment (B) Signup and view all the answers

What is the purpose of a letter of probate?

To confirm the validity of the will (B) 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?

Executor (C) Signup and view all the answers

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

An executor is a type of personal representative (D) Signup and view all the answers

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

The executor is appointed by the court (A) Signup and view all the answers

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 (D) Signup and view all the answers

What is the purpose of a letter of administration?

Not mentioned in the study material (C) Signup and view all the answers