Interested to Buy Any Domain ? << Click Here >> for more details...
Sir,
I have qualified in the sbi clerical test .Now my
interview is on 16-10-2008.So pls tell me what questions
are asked in the interview and tell me the reference book
for interview in sbi.
- 1882 Answers
- 1223730 Views
- BSRB, Saraswat Bank, State Bank Of India SBI, I also Faced
- E-Mail Answers
Answer Posted / tarun
Hii Pari,
The definition of a bank varies from country to country.
Under English common law, a banker is defined as a person
who carries on the business of banking, which is specified
as:[3]
conducting current accounts for his customers
paying cheques drawn on him, and
collecting cheques for his customers.
In most English common law jurisdictions there is a Bills
of Exchange Act that codifies the law in relation to
negotiable instruments, including cheques, and this Act
contains a statutory definition of the term banker: banker
includes a body of persons, whether incorporated or not,
who carry on the business of banking' (Section 2,
Interpretation). Although this definition seems circular,
it is actually functional, because it ensures that the
legal basis for bank transactions such as cheques do not
depend on how the bank is organised or regulated.
The business of banking is in many English common law
countries not defined by statute but by common law, the
definition above. In other English common law jurisdictions
there are statutory definitions of the business of banking
or banking business. When looking at these definitions it
is important to keep in mind that they are defining the
business of banking for the purposes of the legislation,
and not necessarily in general. In particular, most of the
definitions are from legislation that has the purposes of
entry regulating and supervising banks rather than
regulating the actual business of banking. However, in many
cases the statutory definition closely mirrors the common
law one. Examples of statutory definitions:
"banking business" means the business of receiving money on
current or deposit account, paying and collecting cheques
drawn by or paid in by customers, the making of advances to
customers, and includes such other business as the
Authority may prescribe for the purposes of this Act;
(Banking Act (Singapore), Section 2, Interpretation).
"banking business" means the business of either or both of
the following:
receiving from the general public money on current,
deposit, savings or other similar account repayable on
demand or within less than [3 months] ... or with a period
of call or notice of less than that period;
paying or collecting cheques drawn by or paid in by
customers[4]
O.kkkk......
Bye
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
hello friends i am pursuing mca from IGNOU what are the questions interviewer can ask in sbi interview please tell me.
what is the credit policy or RBI?
HI, SBI Results declared on 29th sep at 12 night, you can check it in yeswecan.co.in web site left scrolling, Results are not kept in SBI site on 29th.
aLL SBI Aspirants from UTTARAKHAND share your views to help each other here.
hi myself gaurav sharma and my interview is on 30th april 2010 in delhi plz send me everything you know about interview questions. my email is gaurav.ttt74@yahoo.com
difference between sales and marketing
How many branches of psb are there in India?
hie! i recently cleared my bannk of india clerical exam. can anyone pls tell me about interview questions and how to conduct myself there
Hi I have selected for clerical post in vijaya bank and Canara bank . which one is good to join?
what is the function of a clerk in bank?
WHEN WILL BE THE SBI 6113 POSTS RESULTS? ANY ONE HAS IDEA SHARE ON IT THANKYOU
WHAT ABOUT E-BANKING?
what is banking regulation act?
What do you feel onboard ship's
what is contingent liability?
