EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

Lien is defined in:

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Important Questions on Banking Law and Practice

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
Lien can be exercised for a loan which is due and lawful (including time-barred debt):
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3

Banker's lien is considered to be equivalent to pledge because_____.

(a)the bank has in its possession the goods/securities

(b)the bank has a right to sell the goods/securities

(c)the bank retains the goods/securities.

Which of these are correct:

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
Under a loan secured by a lien, there is an agreement that the bank can sell the securities without giving notice before the sale. Which is the most appropriate course of action in the case of a rare lien?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 5
A banker has the following securities with him. Which of these may not be subject to the banker's general lien?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 6
Lien can be exercised where the security and loan are in the same name and same capacity.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 7
Lien is exercisable if the relationship is of_____.
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8
Which among the following can be exercised by a bank on a term deposit the maturity date of which expired 2 months back?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 9
Lien cannot be exercised where the goods and securities have been left in the possession of the creditor by mistake only.