What is the main ideology of a bank?
- aProfit maximisation
- bRelationship and belief between bank and client
- cGovernment regulation
- dForeign exchange earning
65 questions · 8 sections
What is the main ideology of a bank?
When the relationship between bank and client gets disrupted, what is the ultimate consequence?
Bank is mainly a—
Persons, corporations or companies involved in banking business are called—
Who is considered a "client" of a bank?
When a client deposits money in the bank, the bank acts as—
When a client deposits money, the client becomes the—
How does the contractual relationship between bank and client establish?
Under the contractual relationship, the bank remains liable to—
Bank protects clients' valuables and documents through locker services. This relationship is known as—
When a bank provides loan against a client's property, what kind of relationship is created?
Bank pays dues and collects receivables on behalf of clients. This relationship is called—
Consider the following types of bank-client relationships:
Mr. Karim keeps his important documents in a bank locker. The relationship between Mr. Karim and the bank is—
According to banking principles, doing welfare and protecting the client's interest is—
From which type of account can a client withdraw money by writing a cheque without bank's approval?
To whom can a bank disclose information about a client's account?
Maintaining secrecy of the client's account is the responsibility of—
According to the order of the depositor, the bank—
Service fee for bank services is collected by—
For loan repayment, what should a bank give the client?
Consider the following bank responsibilities towards the client:
Bank collects interest receivable on behalf of the client and—
When opening a bank account, the client should—
If a client fails to repay a loan as per contract, what action can the bank take?
In case of overdrawing in a current account, the bank—
Which of the following is a client's responsibility towards the bank?
What must a client be cautious about when writing a cheque?
What is a cheque?
A cheque is treated as—
In a bearer cheque, the bank pays the specified amount to—
Which cheque cannot be drawn from the bank without a named person?
To whom is an order cheque issued?
Two parallel crossed lines drawn at the left corner of a cheque make it a—
What is generally written between the two parallel lines of a crossed cheque?
Money of a crossed cheque is withdrawn—
MICR stands for—
Consider the following client responsibilities towards the bank:
Which of the following is NOT a type of cheque mentioned in the chapter?
The relationship between bank and client is fundamentally based on—
Which of the following dissolves the bank-client relationship?
If a client is declared bankrupt by the court, then—
Mental disorder of a client may dissolve the bank-client relationship because—
A Garnishi order is issued by—
When a Garnishi order is enforced, the bank becomes bound to—
If a client does not follow the bank's rules and principles, the account may be closed by—
If a client is no longer interested to continue the account, the relationship ends due to—
Enmity due to war can dissolve the bank-client relationship when—
If a client orders the bank to transfer the entire balance to another bank, the account—
Death of a client results in—
If a client does not transact through the account for a long time, the account—
Consider the following causes of dissolution of the bank-client relationship:
What is Cheque?
Relationship between bank and client mainly is—
Which one is the bank's responsibility towards a borrower?
Sadia had been abroad for a long time, so her bank account was not active. She has now stopped all her bank transactions in order to permanently move abroad. How did the relationship between Sadia and bank come to an end?
Mr. Abid mortgaged a piece of land and took a loan of 10 lakh taka from "Star" Bank. What kind of relationship exists between Mr. Abid and the bank in this transaction?
A friend of Mr. Abid went to "Star" Bank and asked about Mr. Abid's balance and loan information. The bank refused to give the information. This shows the bank is—
If Mr. Abid is declared bankrupt by the court, the relationship between him and the bank will—
Why is an order cheque considered more secure than a bearer cheque?
Why is a bank obliged to return the money deposited by its depositors on demand?
How does a bank carry out a depositor's instructions?
How is a cheque crossed?
Why is a Garnishi order issued?
Why is a cheque called a negotiable bill of exchange?