what is correct answer of banker customer relationship stars when mcq
Answers
1.When a bank lends money to the corporate person the relationship is__________
(a)Borrower and lender
(b)Creditor- Debtor
(c)Debtor- Creditor
(d)Customer and Client
Answer & Explanation
Ans:B
Exp: Creditor- Debtor (Bank is a creditor and Customer is a Debtor)
When the bank lends money to the customer, the customer is the borrower and the bank is the lender. The relationship between the banker and the customer is therefore that of a creditor and a debtor.
2.When FDR is lost by a customer of a bank, what document is executed______
2.When FDR is lost by a customer of a bank, what document is executed______(a)Promissory bond
2.When FDR is lost by a customer of a bank, what document is executed______(a)Promissory bond(b)Indemnity bond
2.When FDR is lost by a customer of a bank, what document is executed______(a)Promissory bond(b)Indemnity bond(c)Guarantee bond
2.When FDR is lost by a customer of a bank, what document is executed______(a)Promissory bond(b)Indemnity bond(c)Guarantee bond(d)Government bond
2.When FDR is lost by a customer of a bank, what document is executed______(a)Promissory bond(b)Indemnity bond(c)Guarantee bond(d)Government bondAnswer & Explanation
2.When FDR is lost by a customer of a bank, what document is executed______(a)Promissory bond(b)Indemnity bond(c)Guarantee bond(d)Government bondAnswer & ExplanationAns:B
2.When FDR is lost by a customer of a bank, what document is executed______(a)Promissory bond(b)Indemnity bond(c)Guarantee bond(d)Government bondAnswer & ExplanationAns:BExp: Indemnity bond
2.When FDR is lost by a customer of a bank, what document is executed______(a)Promissory bond(b)Indemnity bond(c)Guarantee bond(d)Government bondAnswer & ExplanationAns:BExp: Indemnity bondIndemnity Bond Law and Legal Definition. An indemnity bond is a bond that is intended to reimburse the holder for any actual or claimed loss caused by the issuer’s conduct or another person’s conduct.