GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The primary relationship between the banker and the customer is that of:
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Lesser and lessee
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Principal and agent
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Debtor and Creditor
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Trustee and beneficiary
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Explanation:
Detailed explanation-1: -taken loan or any other form of financial accommodation from the banker, the customer becomes the debtor and the banker becomes the creditor. The debtor and creditor relationship of banker and customer has certain features: A banker is a debtor, when he holds his customer’s deposit.
Detailed explanation-2: -The relationship between the banker and the customer is therefore that of a creditor and a debtor.
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