The banker takes care of funds of the customer as a?
Security Guard
Understanding the Banker's Role with Customer Funds
The question asks about the specific role a banker plays when taking care of a customer's funds.
Let's look at the options provided:
- Correspondent: A correspondent bank is usually another bank that performs services for a bank in a location where the original bank doesn't have a presence. This doesn't directly describe the role regarding a customer's specific funds deposited in their account.
- Executor: An executor is a person appointed in a will to carry out the terms of the will, managing the estate of a deceased person. This role is related to estates, not the general handling of living customer funds.
- Attorney: An attorney is a legal professional who represents a client in legal matters. While banks have legal departments and interact with attorneys, the banker's core role with customer deposits isn't that of an attorney for the customer.
- Security Guard: A security guard is someone who protects people or property from danger or crime. While this isn't standard banking terminology for the relationship, it implies a role of safeguarding or protecting the funds. Banks are responsible for the security of customer deposits, protecting them from theft, fraud, and loss through robust security systems and procedures. In this sense, the bank acts to keep the funds safe, much like a security Guard protects valuables.
Typically, the primary relationship between a bank and a customer regarding deposited funds is that of a debtor and creditor, where the customer is the creditor and the bank is the debtor (the bank owes the customer the money). However, considering the options and the term "takes care of funds," the provided option "Security Guard" can be interpreted as focusing on the bank's crucial function of ensuring the safety and security of the customer's money against various risks.
Therefore, based on the options given, the role that most closely relates to the bank's function of protecting or safeguarding customer funds is that of a Security Guard.
Important Questions from Miscellaneous
A stone is thrown horizontally from the top of a 20 m high building with a speed of 12 m/s. It hits the ground at a distance R from the building. Taking g = 10 m/s2 and neglecting air resistance will give :
A sphere of volume V is made of a material with lower density than water. While on Earth, it floats on water with its volume f1V (f1 < 1) submerged. On the other hand, on a spaceship accelerating with acceleration a < g (g is the acceleration due to gravity on Earth) in outer space, its submerged volume in water is f2V. Then:
A railway wagon (open at the top) of mass M1 is moving with speed v1 along a straight track. As a result of rain, after some time it gets partially filled with water so that the mass of the wagon becomes M2 and speed becomes v2. Taking the rain to be falling vertically and the water stationery inside the wagon, the relation between the two speeds v1 and v2 is :
Consider the following statements:
1. Distance between the longitudes becomes zero on North Pole and South Pole.
2. Distance between the longitudes is maximum on the Equator.
3. Number of longitudes is more than number of latitudes.
Which of the statements given above is/are correct?
One block of 2⋅0 kg mass is placed on top of another block of 3⋅0 kg mass. The coefficient of static friction between the two blocks is 0⋅2. The bottom block is pulled with a horizontal force F such that both the blocks move together without slipping. Taking acceleration due to gravity as 10 m/s2, the maximum value of the frictional force is :
