OFFICE PRACTICE 2 OTM214 2016/2017

  KENULE BEESON SARO-WIWA POLYTECHNIC PMB 20 BORI SCHOOL OF MANAGEMENT SCIENCES SECOND SEMESTER EXAMINATION 2016/2017 SESSION COURSE

HEAT ENERGY (STP112) 2019/2020
MECHANICS (STP111) 2019/2020
KEYBOARDING 1 2019/2020
BANKING OPERATIONS (BFN224) 2016-2017 KENPOLY PAST QUESTIONS

 

KENULE BEESON SARO-WIWA POLYTECHNIC
PMB 20
BORI
SCHOOL OF MANAGEMENT SCIENCES
SECOND SEMESTER EXAMINATION 2016/2017 SESSION
COURSE CODE/TITLE: BFN 224: BANKING OPERATIONS
DEPT/LEVEL: ND II BANKING AND FINANCE
TIME ALLOWED: 2 % HOURS
INSTRUCTIONS: ATTEMPT ANY FIVE QUESTIONS.

Ru Differentiate between a banker and a customer ( support with relevant laws and decided

cases) [Smarks]

(b) The debtor-creditor relationship of a banker and a customer differs from the normal
commercial debt relationship. Discuss (Smarks)
Ke) What are the conditions for a banker/customer relationship (4maris).

Q2. The banker duty of secrecy is not absolute but qualified. Discuss (support with relevant
cases) (8marks) .

(b) Explain the term STATUS ENQUIRY. (2marks)
(c) Why do banks take reference? (4marks)
4. Differentiate between Banker’s Lien and Garnishee Order (4marks)

(b) Asa banker you were served with a garnishee order against a customer in respect of an
unpaid judgement debt of N70,000 covering all cost. How would you proceed if the

customer has the following:
(i) A current account with a debit balance N20,000 (2marks)
(ii) A current account with a credit balance N150,000 (2marks)

(iii) Two current accounts of credit balance N 70,000 and debit balance N50,000(2marks)

Maken rtd

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