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JAIIB PPB Module A Concept + Questions #1 | JAIIB 2024 Online Classes | JAIIB Oct 2024

Officers Adda247 - JAIIB CAIIB・39 minutes read

The series on Principles and Practices Banking (PPB) covers 55 units in Modules A, B, C, and D, essential for exam preparation, with different relationships between a bank and customer explored in detail. Various banking services, relationships like debtor-creditor, trustee-beneficiary, agent-principal, and lessor-lessee, as well as exam preparation for JIB, were discussed, with discounts available for the GIB Maha Pack 2.2 in the Ada 247 app.

Insights

  • The series on Principles and Practices Banking (PPB) for cadet rents consists of 55 units divided into Module A, Module B, Module C, and Module D, emphasizing the importance of covering all units for exam preparation, with missed classes requiring catch-up on Sundays.
  • The relationship between a bank and a customer can take various forms such as debtor-creditor, trustee-beneficiary, agent-principal, and lessor-lessee, depending on the services provided by the bank and the nature of the customer's interactions, showcasing the multifaceted dynamics inherent in banking relationships.

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Recent questions

  • What are the different relationships between a bank and a customer?

    The relationships between a bank and a customer can vary based on the services provided. They can include debtor-creditor, trustee-beneficiary, bailee-bailor, and agent-principal relationships.

  • How does a bank act as a debtor and creditor in its relationship with customers?

    When a customer deposits money, the bank becomes a debtor, creating a creditor-debtor relationship. Conversely, when the bank provides loans to customers, it acts as a creditor, reversing the debtor-creditor relationship.

  • What services can a bank offer to its customers?

    Banks can provide various services to customers, including remittance services like NFT, RTGS, IMPS, and UPI. They can also collect checks from other banks, pay bills on behalf of customers, and offer safe deposit lockers.

  • What is the role of a bank when acting as a trustee for a customer?

    When a customer keeps valuables or deposits money for specific purposes, the bank acts as a trustee. This creates a trustee-beneficiary relationship, where the bank is responsible for safeguarding the assets on behalf of the customer.

  • How does the relationship between a bank and a customer change in different scenarios?

    The relationship between a bank and a customer can vary depending on the nature of services provided. It can evolve into different relationships such as agent-principal, debtor-creditor, trustee-beneficiary, and lessor-lessee based on the specific interactions and transactions between the two parties.

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Summary

00:00

Principles of Banking for Cadets: Module A

  • The official channel of Ashan is hosting a series on Principles and Practices Banking (PPB) for cadet rents.
  • The series covers 55 units divided into Module A, Module B, Module C, and Module D.
  • Starting with Module A, Unit Number one focuses on Banker Customer Relationship, covering concepts and multiple choice questions.
  • Missing a class means covering it on Sundays, as all 55 units are crucial for exam preparation.
  • Preparation for full 100 marks is advised to secure 50 plus marks in the exam.
  • Different relationships between a bank and a customer depend on the nature of services provided.
  • The bank becomes a debtor when a customer deposits money, creating a creditor-debtor relationship.
  • The bank acts as a lender when providing loans to customers, reversing the debtor-creditor relationship.
  • The bank plays the role of a trustee when customers keep valuables or deposit money for specific purposes.
  • The relationship between a bank and a customer can also be seen as a bailee-bailer relationship, especially in safe custody situations.

14:45

Bank Services and Customer Relationships

  • The bank acts as an agent for its customer, who is referred to as the principal in this relationship.
  • Customers can provide instructions to the bank to pay their bills automatically, such as electricity bills, on a monthly basis.
  • Various services are offered by the bank to the customer, including remittance services like NFT, RTGS, IMPS, and UPI.
  • The bank can collect checks from other banks for its customers, sending them for clearing and depositing the funds into the customer's account.
  • The bank can pay various bills on behalf of the customer, such as electricity, telephone, insurance premiums, loan EMIs, and club fees.
  • In the case of providing lockers to customers, the bank acts as the lessor, while the customer is the lessee, paying rent for the locker.
  • The bank is not responsible for any losses incurred by the lessee due to the contents of the locker, except in cases where damage is caused by the bank.
  • To access a locker, both the bank and the customer must use their keys simultaneously, ensuring mutual access.
  • If the bank issues a duplicate FDR or demand draft to a customer, the customer signs an indemnity bond, taking responsibility for any potential losses incurred by the bank.
  • Different relationships are established between the bank and the customer in various scenarios, such as trustee and beneficiary, debtor and creditor, agent and principal, and lessor and lessee.

28:28

Banking Relationships and JIB Exam Preparation

  • Preparation for JIB exam, Officer Aa 247 youtube1 recommended for study
  • Relationship between bank and corporate person discussed
  • Relationship of creditor and debtor established when bank lends money to corporate person
  • Bailor and bailee relationship formed when customer deposits items for safekeeping with bank
  • Relationship of agent and principal created when documents are deposited for credit
  • Credit voucher mistakenly credited to Varun Bose's account, creating debtor-creditor relationship
  • Duplicate FDR executed with promissory bond when original FDR is lost
  • Bank-customer relationship depends on services provided by bank and nature of customer
  • Customer becomes creditor and bank becomes debtor when money is deposited with bank
  • Bank acts as trustee for customer's assets, creating trustee-beneficiary relationship

41:56

Discounts and deals on Ada 247 app

  • Apply the code provided for a direct discount of Rs. 2696, with an additional Rs. 1 discount available in the Ada 247 application. By using the Ada 247 app, you can access an extra Rs. 1 discount along with Rs. 1 coins. Tick the coins to make them 00 and avail the GIB Maha Pack 2.2 for Rs. 599, ensuring a complete package for unit number one. Look forward to the next class for discussions on unit number two, concluding today's session with happy learning.
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