N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 21: TEST YOUR SELF
N. S. Toor General Knowledge/General Awareness Solutions for Exercise - N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 21: TEST YOUR SELF
Attempt the practice questions on Chapter 4: Banking Law and Practice, Exercise 21: TEST YOUR SELF with hints and solutions to strengthen your understanding. Hand Book Of Banking Information solutions are prepared by Experienced Embibe Experts.
Questions from N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 21: TEST YOUR SELF with Hints & Solutions
The partner of a partnership firm wants to appoint a person to operate the account of the firm. Who should sign such mandate:
In what circumstances will a partnership firm be compulsorily dissolved:
In a partnership firm, the no. of partners cannot go beyond 100. The provision regarding maximum no.of partners is mentioned in:
With whom does a partnership firm is registered:
The no. of partners in a partnership firm should not exceed:
Partnership is defined u/s 4 of the Indian Partnership Act and it can be formed in writing only.
Your branch had granted a loan of Rs.10 lac to M/S Dinkar Industries on the guarantee of M/s Gavaskar Traders. Due to non-payment of the loan the bank recalled the loan from the guarantor firm which stated that it is not liable as the guarantee bond was signed by one of its partners without consent of other partners. From whom can the bank recover the loan:
A sleeping partner asks the bank to stop operations in the account. Next day he comes to request that he gave the instructions by mistake:
