Q. A pledge can be made in respect of....
✅ Correct Answer: (A)
Shares
Banking and Finance 3 MCQs and Notes
Q. A banker's lien is...........
✅ Correct Answer: (A)
general lien
Q. A mortgage can neither sue for foreclosure nor for sale of the property in...............
✅ Correct Answer: (B)
Usufructuary mortgage
Q. Neither possession nor ownership is transferred in....
✅ Correct Answer: (C)
Hypothecation
Q. The banker has a lien on........
✅ Correct Answer: (A)
Bonds given for collection
Q. The banker has a statutory obligation to.........
✅ Correct Answer: (A)
Honour customers' cheque
Q. A -------------- is a person who is entrusted with some property by the settler or the author of the trust for the benefit of another person called beneficiary.
✅ Correct Answer: (D)
Trustee
Q. The written instructions given by the customers to banker to perform the services like collection and payment of money is noted down in
✅ Correct Answer: (B)
Standing Instructions Book
Q. The services rendered by a banker as an agent of his customers are called
✅ Correct Answer: (B)
Agency services
Q. The rate of interest charged for the loan by the banker compared to overdraft and cash credit is generally.
✅ Correct Answer: (B)
Low