Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q36: When a customer entrusts valuables to the bank for safekeeping (not as a pledge or in a locker), the bank is the:

A
Lessor
B
Lessee
C
Bailor
D
Bailee
✅ Correct Answer: D
Bailee.
The bank becomes the bailee, responsible for the goods.
This specific legal term is a must-know for Banker Customer Relationship MCQs.