Page 49 - Banking Finance March 2019

BANK PROMOTION

BANKING PROMOTIONAL EXAM SAMPLE

QUESTIONS – SERIES 8

1. A is having a savings account and he has nominated 1] renew it by paying overdue interest provided it is
his minor son B as nominee. Now he has to appoint a renewed for a minimum for 15 days
person on behalf of the nominee. The person can be 2] It can not be renewed as 10 years have already elapsed
1] only mother 3] You can renew it from as of date without paying
2] blood relatives overdue interst.
3] If mother is not alive blood relatives 4] refer the case to IBA
4] any person
6. A and B are having a joint overdraft account
2. An account holder has issued a cheque and was operated with instructions "E/S". In the morning A
cleared. After sometimes the customer requests you has withdrawn cash of Rs 24000 and in the afternoon
to give him the original cheque of the same day B has withdrawn cash of Rs 33000.
1] It can be given as regards BCTT the bank has to
2] it can not be given 1] deduct BCTT @0.1% on Rs 57000
3] it can be given only if court demands it 2] no tax as each withdrawal is not more than Rs 50,000
4] only a certified copy can be given 3] BCTT is not applicable to overdraft accounts
4] BCTT is applicable to individual accounts if the cash
3. A and B are two account holders of your branch and withdrawal is more than Rs 100000/-
are having a dispute .A has filed a case against B. Now
your branch receives a notice from A's Lawyer to 7. A party is having the following accounts with your
appear as a witness in court to prove an entry in the branch a] FDR for Rs 5000/-in his single name
pass book issued by your branch. In this situation maturity value Rs 6500/-b] another FDR with his wife
1) You can depute your staff as Bank's passbook entry is for Rs 19500/-.The FDR in his single name has
to be proved matured and he wants cash payment. It can be
2] you will ignore it as Bank is not a party to the case 1] Allowed
3] you will instruct the Lawyer to write to your head office 2] not allowed
4] You will depute provided B also agrees to it at the 3] take an undertaking and pay it
expenses of A 4] pay cash only if he gives his PAN
4. In an account, your head office has advised you to 8. A is having a pension (central) account with your
file a suit. The last day of filing the suit is 28-12-2003 branch. He is also having a joint account with his wife
and it is Sunday and the court is closed. and the next His wife comes and reports that he has been missing
since 1 year and she insists that she should be paid
day is a bank holiday(court is opened).The suit can
be filed on family pension. In your opinion she is
1] 30-12-2003 1] Eligible for family pension only after 7 years
2] on or before 29-12-2003 2] family pension can be paid only if the pensioner dies and
3] on or before27-12-2003 therefore she is not eligible
3] you may tell her to withdraw his pension by crediting it
4] 3days grace is available from the last day and hence it
can be filed upto31-12-2003 to their joint account
4] eligible for family pension from 1 year of disappearance
5. A time deposit has matured on 01-10-1991. The and hence recommend her case to pension sanctioning
party approaches your branch for renewal. You will authority

BANKING FINANCE | MARCH | 2019 | 49