This Test is on Banking Law and Practice in India. Questions on various Fundamental Laws �which are of daily relevance are included. Please take Quiz Password by e Mailing to [email protected] Com your full particulars like Name,Age,Place of Work/Study,Designation/Course,Phone/Mobile No and Address N Rangarajan Senior Manager of a Public Sector Based Bank @ Trichy
If a suit is filed before the document expires, then Both A and B are liable.
If the suit is filed after the expiry of limitation, then A alone is liable and Bank cannot proceed against B
Once RL is not signed by both borrwers, the Bank has no option than to write off.
A & B both correct
None of the above
Financial Lease
Rental Lease
Optional Lease
Dry Lease
Usufructuary Lease
Depends upon Court Judgement
Priority of Mortgage is decided based on the date of execution.Hence Canara Bank will have priority
EM is superior as it is widely followed in India
None of the above
Mumbai to have better control
Bangalore as the property is situated there
Chennai as the company's registered office is situated there
Hyderabad
Any Notified Centre in India
Consumer and Banker
Agent and Principal
Principal and Agent
Trustee and Beneficiary
All the above
Bankers Book Evidence Act
Civil Procedure Code
Banking Regulation Act 1949
Indian Contract Act
Banking Comapnies Acquisition and Transfer of Undertaking Act 1970
Bank will be an unsecured creditor
Those creditors who have registered their charges will get priority
Only the mortgage is supreme . In such case registration of charge is not required
In case of pledge of goods, registration is not required.
A,B and D Correct
SARFAESI Act
It is only Banking Convention.
Sale of Goods Act
Indian Contract Act
Transfer of Property Act
Can be acceded.
Will be declined as any one of the original names should be maintained.
Will refer to Regional Office Law Department.
Additon of Name is permitted but deletion is not permitted as per Banking Codes and Standards Board of India guidelines.
All the above
If the secuirities are the property of guarantor, it can be parted with.
All securities can be given to the guarantor in the right of subrogation.
The right of substitution permits the same
If the securities are in the name of borrower,we will refer to higher authorities.
Can be released against indemnity.
Regular Debt
Time barred Debt
Revived Debt
Ascertained and quantifiable debt
Contingent Debt
3 years from the date of Demand
12 years from the date of Cause of Action
30 Years for Foreclosure
Right of Lien is not barred by Limitation
None of the above
Pay the full amount of Deposit to Official receiver, as this is a claim from court of law.
Adjust the the TOD and pay balance amount to depositor, who will will in turn pay the official receiver
Pay the full amount of deposit to the depostor.
Adjust the TOD and Pay balance amount to Official Receiver
All the above may be applied on a case to case basis
Term Deposit Receipt
Life Insurance Policy
Book Debt
Overdraft availed at Bank
None of the above
All running accounts like TOD,CC,Bills and PC
Non Fund Based Facility
Term Loan
Demand Loan
All the above
True
False
All Major Male Members.
The daughters of coparceners are also getting coparcenery rights
All female members in the family
Staus quo continues as per old provisions
None of the above
True
False
The Capital
The Liabilities
The Responsibilities
The Deed
The Benefits
Sec 46 of Banking Regulation Act
Sec 35 of Banking Regulation Act
Sec 31 of RBI Act
Sec 26 of Banking Regulation Act
None of the above
Erosion of Net Worth
Negative Net Worth
Break Even
Sick Industrial Company under SICA Act 1985
Company to be put under nursing / rehabilitation programme
Deficiency of service
Deficiency of service that is fully paid for
Deficiency of service, even if it is partly paid for
Any delay in service
Not Granting Loan in Time
It is mandatory
To increase the revenue of Govt
To reflect the Bank's name as mortgagee in the Encumberance certificate
To protect the interest of the Bank
A & C above
By Supplemental Narration
By Redeposit of Title Deeds
By taking endorsement in the reverse of F 379
By security confirmation letter
By A & B Above