Q. The right of set-off customers account can be exercised only by a-----
✅ Correct Answer: (C)
Banker
Banking and Finance 3 MCQs and Notes
Q. The bank can consider ------------------ lien as their protection against loss on loan or overdraft which was given to its customers.
✅ Correct Answer: (A)
Special
Q. ---------- is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid.
✅ Correct Answer: (A)
Lien
Q. Special damages refers to damages payable by a banker to his customer for the actual ------------- loss suffered by customer.
✅ Correct Answer: (A)
Financial
Q. It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current account.
✅ Correct Answer: (B)
Statutory
Q. When banker received deposits from the customer, then the banker becomes -------------- of the customer.
✅ Correct Answer: (C)
Bailee
Q. When customer's account overdrawn or when customer has taken loan from banker, then the customer.
✅ Correct Answer: (C)
Debtor
Q. Which one of the following is the most important relationship between banker and customer.
✅ Correct Answer: (A)
Debtor and Creditor
Q. The primary relationship between banker and customer is a ------------------ relationship.
✅ Correct Answer: (B)
Contractual
Q. The primary relationship between a banker and customer starts from the time.
✅ Correct Answer: (B)
when customer opens account