Resume from card #1
› 🏦 JAIIB › PPB › Banker's Special Relationship
🏦 JAIIB PPB Banker's Special Relationship 20 cards
Back
All Capsule Cards
View: Vertical
Your Progress
Seen
Remaining
Done
PPB Capsule Cards PRO Banker's Special Rel…
If a customer deposits money with the bank for a specific purpose, can the bank apply a lien on those funds?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
56 Views
Lien Exception: Specific Purpose
Banker's Special Relationship 56
WA 56
PPB Capsule Cards PRO Banker's Special Rel…
Why is a Banker's General Lien legally referred to as an 'implied pledge' in banking law?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
51 Views
Implied Pledge (Right to Sell)
Banker's Special Relationship 51
WA 51
PPB Capsule Cards PRO Banker's Special Rel…
In a jointly held bank account, what is the rule for delegating authority to a third party via Mandate or POA?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
45 Views
POA in Joint Accounts
Banker's Special Relationship 45
WA 45
PPB Capsule Cards PRO Banker's Special Rel…
Can a bank exercise its Right of Lien on valuables or documents kept by a customer in Safe Custody?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
45 Views
Lien Exception: Safe Custody
Banker's Special Relationship 45
WA 45
PPB Capsule Cards PRO Banker's Special Rel…
Can a bank set off the debit balance in a sole proprietorship firm's account against the credit balance in the proprietor's individual account?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
45 Views
Set-off: Sole Proprietorship
Banker's Special Relationship 45
WA 45
🔓

Enjoying ClearShorts?

Create a free account to track progress, like cards and join discussions.

Register Free Login
PPB Capsule Cards PRO Banker's Special Rel…
Which specific act and section legally grant banks the right of 'General Lien' over a customer's goods and securities?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
43 Views
Banker's Lien: Indian Contract Act
Banker's Special Relationship 43
WA 43
PPB Capsule Cards PRO Banker's Special Rel…
What is the most crucial mandatory condition regarding the nature of the accounts before a bank can exercise Set-off?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
43 Views
Set-off: Same Name and Right
Banker's Special Relationship 43
WA 43
PPB Capsule Cards PRO Banker's Special Rel…
What is the Banker's 'Right of Set-off' when dealing with a customer who has multiple accounts?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
42 Views
Right of Set-off Definition
Banker's Special Relationship 42
WA 42
PPB Capsule Cards PRO Banker's Special Rel…
What is a 'Mandate' in the context of banking operations, and what are its key features?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
42 Views
Mandate: Definition & Features
Banker's Special Relationship 42
WA 42
PPB Capsule Cards PRO Banker's Special Rel…
How does a Power of Attorney (POA) differ legally from a simple bank mandate?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
41 Views
Power of Attorney (POA)
Banker's Special Relationship 41
WA 41
🔓

Enjoying ClearShorts?

Create a free account to track progress, like cards and join discussions.

Register Free Login
PPB Capsule Cards PRO Banker's Special Rel…
Can a bank apply its general right of lien against a customer's assets for a debt that has not yet matured?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
41 Views
Lien Exception: Immature Debts
Banker's Special Relationship 41
WA 41
PPB Capsule Cards PRO Banker's Special Rel…
Under Section 59 of the Indian Contract Act, who holds the primary right to appropriate a payment made into a loan account?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
39 Views
Right of Appropriation (Sec 59)
Banker's Special Relationship 39
WA 39
PPB Capsule Cards PRO Banker's Special Rel…
Under what circumstances does a Power of Attorney (POA) stand revoked or terminated?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
38 Views
Revocation of POA
Banker's Special Relationship 38
WA 38
PPB Capsule Cards PRO Banker's Special Rel…
According to Clayton's Rule, if neither the debtor nor the creditor specifies the appropriation, how are payments adjusted?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
36 Views
Clayton's Rule (Appropriation)
Banker's Special Relationship 36
WA 36
PPB Capsule Cards PRO Banker's Special Rel…
Can the personal account of an individual partner be set off against the debit balance of the partnership firm?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
35 Views
Set-off: Partnership Firm
Banker's Special Relationship 35
WA 35
🔓

Enjoying ClearShorts?

Create a free account to track progress, like cards and join discussions.

Register Free Login
PPB Capsule Cards PRO Banker's Special Rel…
When a payment is made into a loan account without a specific agreement, is it adjusted against the interest or the principal first?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
34 Views
Appropriation: Interest vs Principal
Banker's Special Relationship 34
WA 34
PPB Capsule Cards PRO Banker's Special Rel…
Under what specific events does the Right of Set-off occur automatically without needing prior notice to the customer?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
33 Views
Automatic Right of Set-off
Banker's Special Relationship 33
WA 33
PPB Capsule Cards PRO Banker's Special Rel…
Can a bank exercise its Right of Set-off to recover a time-barred debt?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
33 Views
Set-off: Time-Barred Debts
Banker's Special Relationship 33
WA 33
PPB Capsule Cards PRO Banker's Special Rel…
If a debtor makes a payment but fails to specify which debt it should be applied to, who decides the appropriation?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
32 Views
Right of Appropriation (Sec 60)
Banker's Special Relationship 32
WA 32
PPB Capsule Cards PRO Banker's Special Rel…
Is a bank required to give prior notice to the customer before exercising the Right of Set-off?
Tap to reveal answer
Premium Answer

Unlock with a membership plan

Unlock Now
33 Views
Set-off: Notice Requirement
Banker's Special Relationship 33
WA 33
Comments

No comments yet. Be the first!

Share

Banker's Special Relationship — JAIIB PPB Capsules

India's #1 short-form JAIIB preparation app. 500+ capsule cards, unlimited mock tests & PDF notes for JAIIB May & Nov 2026 (PPB, IE-IFS, AFM, RBWM). Learn while commuting. Clear JAIIB in your first attempt. Join 5,000+ bankers.

All 20 cards on this page
Lien Exception: Specific Purpose If a customer deposits money with the bank for a specific purpose, can the bank apply a lien on those fu… Implied Pledge (Right to Sell) Why is a Banker's General Lien legally referred to as an 'implied pledge' in banking law? POA in Joint Accounts In a jointly held bank account, what is the rule for delegating authority to a third party via Mandate o… Lien Exception: Safe Custody Can a bank exercise its Right of Lien on valuables or documents kept by a customer in Safe Custody? Set-off: Sole Proprietorship Can a bank set off the debit balance in a sole proprietorship firm's account against the credit balance… Banker's Lien: Indian Contract Act Which specific act and section legally grant banks the right of 'General Lien' over a customer's goods a… Set-off: Same Name and Right What is the most crucial mandatory condition regarding the nature of the accounts before a bank can exer… Right of Set-off Definition What is the Banker's 'Right of Set-off' when dealing with a customer who has multiple accounts? Mandate: Definition & Features What is a 'Mandate' in the context of banking operations, and what are its key features? Power of Attorney (POA) How does a Power of Attorney (POA) differ legally from a simple bank mandate? Lien Exception: Immature Debts Can a bank apply its general right of lien against a customer's assets for a debt that has not yet matur… Right of Appropriation (Sec 59) Under Section 59 of the Indian Contract Act, who holds the primary right to appropriate a payment made i… Revocation of POA Under what circumstances does a Power of Attorney (POA) stand revoked or terminated? Clayton's Rule (Appropriation) According to Clayton's Rule, if neither the debtor nor the creditor specifies the appropriation, how are… Set-off: Partnership Firm Can the personal account of an individual partner be set off against the debit balance of the partnershi… Appropriation: Interest vs Principal When a payment is made into a loan account without a specific agreement, is it adjusted against the inte… Automatic Right of Set-off Under what specific events does the Right of Set-off occur automatically without needing prior notice to… Set-off: Time-Barred Debts Can a bank exercise its Right of Set-off to recover a time-barred debt? Right of Appropriation (Sec 60) If a debtor makes a payment but fails to specify which debt it should be applied to, who decides the app… Set-off: Notice Requirement Is a bank required to give prior notice to the customer before exercising the Right of Set-off?
Chapters in this paper
Banker-Customer Relationship Principles of Lending, Different Types of Borrowers, and Types of Credit Facilities Essentials of Bank Computerisation Ethics, Business Ethics & Banking: An Integrated Perspective AML- KYC Guidelines Appraisal and Assessment of Credit Facilities Operational Aspects of CBS Environment Ethics at the Individual Level Operational Aspects of KYC Operational Aspects of Loan Accounts Alternate Delivery Channels – Digital Banking Ethical Dimensions: Employees Opening Accounts of Various Types of Customers Types of Collaterals and their Characteristics Data Communication Network and EFT Systems Work Ethics and the Workplace
Modules in PPB
MODULE A: General Banking Operations MODULE B: Functions of Banks MODULE C: Banking Technology MODULE D: Ethics in Banks and Financial Institutions
JAIIB papers
IE-IFS — Indian Economy & Indian Financial System PPB — Principles & Practices of Banking AFM — Accounting & Financial Management for Bankers RBWM — Retail Banking & Wealth Management
Study formats
All formats Capsule Cards Memory Tricks Infographics JAIIB Mock Tests 2026 All capsules
App Icon
Install ClearShorts App
Study offline, anytime