1 Hypothecation is defined in
Ans. Indian Contract Act
2 This is not considered as Document of Title to Goods?
Ans. Lorry Receipt
3.Wrongful dishonor of cheque is covered under
Ans. Sec-31 of NI Act
4 The Banks have to transfer a minimum --- % of their profits to Reserve Fund as per
RBI
directives?
Ans. 25 %
5 An undertaking given by a company not to create charge on its assets is known as
Ans. Negative Lien
6 Bank cannot exercise general lien on
Ans. Articles in Safe Deposit and Contents in Safety Locker
7 Which Act prohibits issuance of Bearer Demand Drafts?
Ans. RBI Act
8 TDS recovered from contractors to be deposited with Tax Authorities within----from
the date of deduction
Ans. One week
9 Guarantors right to step into the shoes of creditor after discharging the dues of
principal
debtor is called the ’Right of
Ans. Subordination
10 Wrongful dishonor of cheque is covered under
Ans. Sec-31 of NI Act
11 What is the limitation period of Equitable Mortgage, from the date of Mortgage?
Ans. 12 Years
12 ITO has sealed the locker. Rent will be recovered from
Ans. Locker hirer
13 What is the Pillar-III under Basel-II?
Ans. Market Discipline
14 What are the risks provided in Basel-II?
Ans. Credit Risk, Operational Risk and Market Risk
15 ‘Gilt Edged Securities’ Mean
Ans. Govt Securities
16 Garnishi Order is served on
Ans. Bank of the judgment debtor having deposit a/c
17 Banker is liable for wrongful dishonor of cheques to
Ans. Drawer only
18 Which of the following is not a negotiable instrument?
Ans. TDR
19 Letter in Hindi to be replied in
Ans. Hindi only
20 Mortgage is defined in
Ans. Transfer of Property Act
21 For creation of Equitable Mortgage, the property should be in
Ans. Any place
22 Collection charges to be shared between two collecting banks in the ratio of
Ans. 50:50
23 Bank’s name is written on the face of the cheque without two traverse lines. It is
called
Ans. Special Crossing
24 A person is said to be intestate, if he dies
Ans. Without Will
25 For joint accounts, who are not related to each other, they have to independently
prove their
Ans. Address Identity
26 Inchoate Instrument is a/an---Instrument
Ans. Incomplete
27 Indian Bank Branches Located in Special Economic Zone ( SEZ) which deals with
Foreign currencies is called as
Ans. Off-shore Banking
28 AEBA.. Aadhar enabled bank acc
29 A probate is
Ans. Copy of the Will certified by Court under its seal
30 An ‘Executor’ is
Ans. A person appointed by court to settle the assets of a deceased person
Ans. Indian Contract Act
2 This is not considered as Document of Title to Goods?
Ans. Lorry Receipt
3.Wrongful dishonor of cheque is covered under
Ans. Sec-31 of NI Act
4 The Banks have to transfer a minimum --- % of their profits to Reserve Fund as per
RBI
directives?
Ans. 25 %
5 An undertaking given by a company not to create charge on its assets is known as
Ans. Negative Lien
6 Bank cannot exercise general lien on
Ans. Articles in Safe Deposit and Contents in Safety Locker
7 Which Act prohibits issuance of Bearer Demand Drafts?
Ans. RBI Act
8 TDS recovered from contractors to be deposited with Tax Authorities within----from
the date of deduction
Ans. One week
9 Guarantors right to step into the shoes of creditor after discharging the dues of
principal
debtor is called the ’Right of
Ans. Subordination
10 Wrongful dishonor of cheque is covered under
Ans. Sec-31 of NI Act
11 What is the limitation period of Equitable Mortgage, from the date of Mortgage?
Ans. 12 Years
12 ITO has sealed the locker. Rent will be recovered from
Ans. Locker hirer
13 What is the Pillar-III under Basel-II?
Ans. Market Discipline
14 What are the risks provided in Basel-II?
Ans. Credit Risk, Operational Risk and Market Risk
15 ‘Gilt Edged Securities’ Mean
Ans. Govt Securities
16 Garnishi Order is served on
Ans. Bank of the judgment debtor having deposit a/c
17 Banker is liable for wrongful dishonor of cheques to
Ans. Drawer only
18 Which of the following is not a negotiable instrument?
Ans. TDR
19 Letter in Hindi to be replied in
Ans. Hindi only
20 Mortgage is defined in
Ans. Transfer of Property Act
21 For creation of Equitable Mortgage, the property should be in
Ans. Any place
22 Collection charges to be shared between two collecting banks in the ratio of
Ans. 50:50
23 Bank’s name is written on the face of the cheque without two traverse lines. It is
called
Ans. Special Crossing
24 A person is said to be intestate, if he dies
Ans. Without Will
25 For joint accounts, who are not related to each other, they have to independently
prove their
Ans. Address Identity
26 Inchoate Instrument is a/an---Instrument
Ans. Incomplete
27 Indian Bank Branches Located in Special Economic Zone ( SEZ) which deals with
Foreign currencies is called as
Ans. Off-shore Banking
28 AEBA.. Aadhar enabled bank acc
29 A probate is
Ans. Copy of the Will certified by Court under its seal
30 An ‘Executor’ is
Ans. A person appointed by court to settle the assets of a deceased person
For 1st question ans is Sarfaesi act
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