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1. Z is the nominee of A after death of A, Z
claims the amount in the mean time B
,who is the legal heir of A comes to the
branch with the stay order from the
competent court for stopping the
payment what will bank do ?
A. Make payment to the Nominee Z
B. Make payment to legal heir
C. Make payment jointly to B & Z
D. Bank will stop payment and advise B to bring
the succession certificate from the court for
payment.
Your answer is: D. Bank will stop payment and advise B
to bring the succession certificate from the court for
payment.

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2. Nomination -----(which answer is
correct)
A. Extinguishes the claim of the legal heirs against
the Nominee
B. Automatically cancels previous Assignment
C. Does not affect the right or claim which any
person may have against the person to whom
payment is made by virtue of such nomination
D. Supersedes banks right of Set-Off or General
Lien
Your answer is: B. Automatically cancels previous
Assignment

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3. Nomination facility is available in the
case of accounts maintained by :
A. Individuals and Proprietorship only
B. Individuals and Companies only.
C. Trusts and charitable institutions only
D. All of these
Your answer is: A. Individuals and Proprietorship only

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4. Availing nomination facility is left to the
option of the customer who could make
cancel or change nomination,
A. Only at the time of opening the account
B. Only when he is on death bed.
C. Only when he is physically incapacitated.
D. At any time.
Your answer is: D. At any time.

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5. Nomination facility can be exercised by
a customer for :
A. Release of contents of Safe Deposit Locker to the
Nominee
B. Return of articles left by the customer in banks
safe custody, to the nominee.
C. Payment of balance standing to the credit of
customers account to the nominee.
D. All of these.
Your answer is: D. All of these.

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6. Which of the following legal provision is
correctly matched in the context of
payment to nominee in case of
nomination, as per banking Regulation Act:
A. Section 45 ZB deposits
B. Section 45 ZD safe custody of articles
C. Section 45 ZF safe deposit value i.e. locker
D. All the above
Your answer is: D. All the above

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7. The facility of nomination has been
introduced effective from 29th March 1985
in respect of deposit accounts in banks by
inserting section 45 ZA to 45 ZF.
A. The Banking Regulation Act, 1949
B. The Reserve Bank of India Act, 1934
C. The Negotiable Instrument Act, 1881
D. None of these
Your answer is: A. The Banking Regulation Act, 1949

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8. Which of the following cannot be
appointed as a nominee
A. An individual normal person
B. A minor person
C. HUF
D. An insolvent
Your answer is: D. An insolvent

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9. Nomination may be made in favour of :
A. Sole proprietorship/Partnership firms.
B. Companies.
C. Minors
D. None of these
Your answer is: C. Minors

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10. In which of the following type of
accounts, the nomination is available,
A. Account of a Limited Company
B. Account of an NRI customer
C. Account in the name of an HUF
D. Account in the name of a trust
Your answer is: B. Account of an NRI customer

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11. Which of the following statements are
correct as regards Nomination:
A. Banks may allow variation/cancellation of a
subsisting nomination by all the surviving
depositor acting together including in the case of
deposits with instructions payable to either or
survivor
B. NRI s and INSOLVENTS can also be Nominee
C. In the case of a joint deposit account the
nominees right arises only after the death of all the
depositors
D. While returning articles kept in safe
custody/lockers to the nominees, banks are not
required to open sealed/closed packets left with
them by the deceased customer.
Your answer is: C. In the case of a joint deposit account
the nominees right arises only after the death of all the
depositors

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12. Lav & Kush have a joint SB A/C with
nomination in favour of Ram. Lav now
requests for cancellation of nomination of
Ram:
A. Lav can cancel the nomination
B. For cancellation of nomination, all depositors
must join together; one of the depositors cant
cancel nomination in a joint A/C
C. Kush can cancel the nomination
D. None of above
Your answer is: B. For cancellation of nomination, all
depositors must join together; one of the depositors
cant cancel nomination in a joint A/C

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13. In the case of deposits held in joint
accounts:
A. Each party to the account has a right to
nominate a person on his behalf
B. Nomination facility is not available
C. There cannot be more than one nominee
D. None of these
Your answer is: C. There cannot be more than one
nominee

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14. Which of the following is not a correct
statement,
A. Nomination is available in all deposit accounts.
B. If the account holder wants, the name of the
nominee can be written on the pass book or FD
receipt
C. If the customer does not want nomination,
he/she has to give in writing
D. None of the above
Your answer is: D. None of the above

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15. Ramesh a minor of 14 years is having a
SB a/c and wants to make nomination in
favour of his sister:
A. Cannot be allowed to do so.Minor can not enter
into a contract.
B. Nomination can be made by his mother
C. Minor himself can nominate
D. Since nominee shall be sister, he can do so
Your answer is: A. Cannot be allowed to do so.Minor can
not enter into a contract.

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16. In case of accounts with nomination,
which of the following is mandatory
A. To indicate on the pass book or FDR, the name of
the nominee
B. To indicate on the pass book or FDR, that the
nomination has been registered
C. To indicate on the pass book or FDR , the name
of the nominee and that the nomination has been
registered
D. To indicate on the ledger folio that the customer
has decided not to nominate, where customer opts
not to nominate.
Your answer is: B. To indicate on the pass book or FDR,
that the nomination has been registered

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17. Under what circumstances premature
payment of FD can be made to the
Nominee in case of death of depositor.
A. It can not be made before maturity
B. If the depositor had given such instruction
before hand..
C. On the basis of affidavit submitted by Nominee
payment can be made
D. On the application of legal heirs
Your answer is: C. On the basis of affidavit submitted by
Nominee payment can be made

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18. which of the following legal provision is
correctly matched in the context of
registration of nomination, as per Banking
Regulation Act:
A. Section 45 ZA deposits
B. Section 45 ZC safe deposit value i.e. locker
C. Section 45 ZE safe custody of articles
D. All of above
Your answer is: D. All of above

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19. The nomination cannot be allowed in
which of the following types of accounts
A. SB account in the name of A
B. FDR account in the name of A and B
C. CA a/c in the name of proprietorship firm of A
D. CA accounts in the name of a Trust
Your answer is: D. CA accounts in the name of a Trust

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20. X and Y had a joint locker operated on
either or survivor basis, where Z is the
nominee. X has died. In this case, the
access to the locker can be given to which
of the following:
A. Y alone
B. Y and legal heirs of X
C. Y and Z
D. Y, Z and legal heirs of X
Your answer is: C. Y and Z

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21. Which of the following statements are
correct as regards the nomination facility
introduced by banks for their depositors?
A. Nomination facility is available to existing as also
prospective depositors.
B. Nomination can be made in favour of one
person only.(Deposit A/c)
C. Nomination facility is available for accounts
standing in the single name or jointly. As the case
may be
D. All of these
Your answer is: D. All of these

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22. Ramesh & Raghav have SB A/C with E
or S mandate. Ramesh request for
appointing Rajesh as his nominee &
Raghav wants to appoint Rajinder as his
nominee
A. In a joint SB A/C Nomination can not be done
B. In a joint SB A/ C operated E or S only the survivor
has the right to appoint a Nominee
C. Both the depositors can jointly appoint only
one Nominee
D. Both of them can appoint one Nominee each.
Your answer is: C. Both the depositors can jointly
appoint only one Nominee

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23. The Nomination facility under
provisions of Banking Regulation Act is not
available to which type of account?
A. Deposit accounts
B. Safe custody of articles
C. Pension Act
D. Lockers
Your answer is: B. Safe custody of articles

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24. In case of nomination, in which of the
following cases, the witnessing is required:
A. The account holder signs in English
B. The account holder signs in a regional script
(vernacular)
C. The account holder puts his thumb impression.
D. All the above
Your answer is: D. All the above

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25. Nomination in respects of all types of
deposit accounts and articles held in safe
custody may be made in favour of:
A. One person only
B. One or more persons.
C. An individual, firm company, trust or a Hindu
undivided family,
D. None of these,
Your answer is: A. One person only
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