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Q. When banker received deposits from the customer, then the banker becomes -------------- of the customer.

Q. Holder is an individual who has lawfully received possession of a Commercial Paper, such as a cheque and who is entitled for payment on such instrument.

Q. Which of the following is/are true about bill of exchange? A) A bill of exchange requires in its inception two parties. B) A bill of exchange or “draft” is a written order by the drawer to the drawee to pay money to the payee. C) Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date. D) Definition of ‘Bill of Exchange’ is mentioned in Section 6 of the Negotiable Instrument Act.

Q. The bank can consider ------------------ lien as their protection against loss on loan or overdraft which was given to its customers.

Q. A charge where there is neither the transfer of ownership nor the possession is called ______?

Q. It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current account.

Q. Which of the following are covered under pledge?

Q. The mortgager transfers the mortgaged property to the mortgagee on the condition that it will be retransferred upon payment of mortgaged money. This is

Q. An Example of smurfing:

Q. In which year, the Banking Regulation Act was amended to include cooperative banks under its purview by adding the Section 56.