Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

βœ… General Practice

Q1 In a Debtor-Creditor relationship between a bank and a customer, who is the debtor when a customer deposits money into an account? Q2 Which legal framework primarily governs the Debtor-Creditor relationship? Q3 When a bank provides a loan to a customer, what is the role of the bank in this relationship? Q4 Which of the following is NOT a relevant legal framework for a Creditor-Debtor relationship? Q5 What term is used for the customer who pledges movable assets as collateral for a loan? Q6 Under which act is the Pledger-Pledgee relationship primarily governed? Q7 In a mortgage agreement, who is the Mortgagor? Q8 Which legal act governs the Mortgagor-Mortgagee relationship? Q9 What is the role of the Hypothecatee in a hypothecation agreement? Q10 Which act is specifically relevant to hypothecation transactions? Q11 In a Principal-Agent relationship, who is the Agent? Q12 Which law governs the Principal-Agent relationship between a banker and customer? Q13 When a customer entrusts valuable items to the bank for safekeeping, what is the bank's role? Q14 Which legal framework is relevant when a bank manages the estate of a deceased person? Q15 In a safe deposit locker facility, what is the bank's role? Q16 When a customer entrusts goods to the bank for safekeeping (not as a pledge), what is the customer's role? Q17 When a bank provides financial advice to a customer, what is the bank's role? Q18 What is the role of the bank when it issues a guarantee on behalf of a customer? Q19 If a customer assigns a debt to the bank, what is the customer's role in this scenario? Q20 Which legal framework is primarily involved in assignment scenarios? Q21 Which type of transaction establishes a Debtor-Creditor relationship between a bank and its customer? Q22 In a Debtor-Creditor relationship, the bank's primary role is that of a: Q23 What is the customer's role in a Creditor-Debtor relationship when they receive a loan? Q24 Which of these documents is most likely to define the specifics of a Creditor-Debtor relationship? Q25 What is the nature of the assets in a Pledger-Pledgee relationship? Q26 The bank's role in a Pledger-Pledgee relationship is that of a: Q27 What type of property is involved in a Mortgagor-Mortgagee relationship? Q28 Who holds the mortgage on the property? Q29 How is possession handled in a Hypothecator-Hypothecatee relationship? Q30 Which law specifically addresses actions a bank can take in case of default in a hypothecation agreement? Q31 What is the customer known as in a Principal-Agent relationship with the bank? Q32 When the bank acts on behalf of the customer, it is fulfilling the role of an: Q33 In a Trustee-Beneficiary relationship, who benefits from the entrusted items/assets? Q34 What is the bank's role when appointed to manage the estate of a deceased person? Q35 In a bank's safe deposit locker facility, what is the customer who uses the locker called? Q36 When a customer entrusts valuables to the bank for safekeeping (not as a pledge or in a locker), the bank is the: Q37 The customer who receives financial advice from the bank is the: Q38 When a bank provides a guarantee or indemnity, it acts as the: Q39 In an assignment, the party to whom a right/debt is transferred is the: Q40 Which law is most relevant to the concept of Indemnity in banking transactions?