Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: | Pledge, Lien, Agency, and Discharge

Q19: If a bank wrongfully dishonours a customer's cheque, or fails to protect valuables left in its safe custody, what remedy does the customer have under contract law?

A
The right to seize bank assets
B
The right to claim compensation or damages for the loss
C
The right to take over the bank branch
D
The right to cancel all existing loans with the bank
✅ Correct Answer: B
If a bank wrongfully dishonours a customer's cheque, or fails to protect valuables left in its safe custody, what remedy does the customer have under contract law?
Answer: B. The right to claim compensation or damages for the loss.