21. If a minor or a person of unsound mind dies without a nominee, to whom is the deposit paid?
(A) Legal heir only
(B) Next of kin
(C) Guardian
(D) Public Trustee
[show_answer]The correct answer is: C [/show_answer]
22. What legal consequence does the payment of deposit under this Act have?
(A) No legal protection is granted
(B) Bank remains liable even after payment
(C) It discharges the bank from liability for the amount paid
(D) Deposit is frozen till court order is passed
[show_answer]The correct answer is: C [/show_answer]
23. If a deposit is paid to someone under this Act, who may later recover the balance of the estate from them?
(A) Executor or Administrator
(B) Election Commissioner
(C) Police Officer
(D) Notary Public
[show_answer]The correct answer is: A [/show_answer]
24. Creditors of a deceased depositor can claim unpaid debts from:
(A) Government Reserve Fund
(B) Indian Post Office directly
(C) Receiver of the deposit
(D) Postmaster General
[show_answer]The correct answer is: C [/show_answer]
25. What may the Authorized Officer require from a person receiving money under Section 4A(4)?
(A) Police clearance
(B) Medical certificate
(C) Security for due administration
(D) Death certificate of guardian
[show_answer]The correct answer is: C [/show_answer]
26. What is the purpose of the security required under Section 4A(4)?
(A) To charge tax
(B) To restrict withdrawals
(C) To prevent deposit duplication
(D) To ensure proper administration of the estate
[show_answer]The correct answer is: D [/show_answer]
27. To whom can the security (under Section 4A(4)) be assigned?
(A) Only to State Government
(B) Only to SBI
(C) To interested parties
(D) To nominee only
[show_answer]The correct answer is: C [/show_answer]
28. Authorized Officers under this Act have the power to:
(A) Issue ATM cards
(B) Administer oaths and record evidence
(C) Register marriage deeds
(D) Confiscate bank property
[show_answer]The correct answer is: B [/show_answer]
29. If a person gives false evidence to claim deposit, which section of IPC applies?
(A) Section 120
(B) Section 304A
(C) Section 193
(D) Section 506
[show_answer]The correct answer is: C [/show_answer]
30. Who can demand information, documents or evidence relating to an account under the Act?
(A) Postmaster only
(B) RBI Governor only
(C) Central Government or designated authority
(D) Local Police Officer
[show_answer]The correct answer is: C [/show_answer]
