Monday, 13 May 2019

Jaiib legal recollected

JAIIB LEGAL RECOLLECTED:: Most important Previous years questions



1. Section on which partners are defined

2. Tenure of director of banking company

3. Preservation of records

4. Maximum share in company related one question

5. Question to the condition on which depositor has to deposit-25% amount

6. Who has power to inspect bank-rbi officer, state officer,police officer, custom officer

7. Bfs-one director nominated by

8. Central government power in banking

9. Term loan given and default occurs-limitation period-3 years

10. A issued a check with amount 300 and left space in both side i.e. in words as well as

figure. Some employee forged it to 3300 unknowingly and sign style was little different

but it was cleared-who should be responsible

11. Question related to responsibility of collecting banker

12. A cheque is a drawn on some bank what collecting bank should do

13. Check crossing related one question

14. Liability of paying banker

15. There is one partnership firm ABC. With operation E/S upto the limit of 5000. A

draws cheque to B for 4553. B transfers it to his account…then who is liable wand what

is the role of bank here

16. A minor shares profit of the firm does he will be have liability with the firm if

something went wrong

17. An OD facility is given the customer he but he has drawn beyond his limits and also

many cheques have been returned-what a bank should do?

18. To which type of company there is restriction on transfer of share-private company

19. Main objective and other objective are mentioned in-MOA

20. Question based on types non fund based credit facility21. No of parties in indeminity-2

22. A lost FD and asking bank to reissue duplicate bank issues it- what is the role of A

here?-indemnifier

23. Right of indemnity holder related one question

24. Types of bank guarantee based one question

25. Liability of a bank to honor BG

26. What does negotiating bank does?

27. Question related to with recourse and without recourse lc

28. DPG-deffered payment guarantee based question

29. One case study was given with relation to simple mortgage and equitable mortgageratio

of share on default was asked

30. Types of mortgage with examples, gold loan, car lone, home loan, lic policy arrange

it

31. What is fixed charge

32. Registration of charge-central registry

33. Banking ombudsman:

a. Matters where complain ts can be made

b. If not satisfied with BO then to whom w e should approach

34. Effects of non-registered company

35. DRT AND DRAT based question:

a. who is higher authority of drat

b. power to modify drt-central go vt

c. case related where only it can be handled by DRT

d. Property is somewhere loan is taken from another place where drt has to be

approached?

36. SARFAESI ACT based question:

a. Validity

b. Security interest

c. Security receipts

d. Cancellation of re gistration of SRC

e. Powers and its applicability , enfor cement of security interest

37. A guarantees OD for his son that it will be paid- which type of financing it is?

38. Bankers book evidence-prima facie related question

39. Consumer complaints

40. Who is the head of state consumer protection council-minister in charge of the

consumer affair?

41. Question related to tds and TAN NUMBER

42. CONDITION of contract

43. Liability of surety

44. Bailment of goods

45. Right of unpaid seller

46. Rti applicability area

47. Supply bills related 2-3 questions

a. It is related to whom

b. To whom it should be financed- 2 marks

48. Hypothication

49. Pledge

50. Mortgage

51. Charge

52. Contract of sale

53. Minor account

54. Question from FEMA

55. Reverse mortgage

56. Fees of RTI

57. Term of director of bank

58. Who is regulatory authority of DRT

59. Security receipt

60. Floating charges/Fixed charge



1. Members of public and private company - Public - Min-7, Max-No Restriction. Private -

Min-2, Max-200

2. No. Of directors in public and private company - Public - 3 to 15, Private - 2 to 15

3. Interest payable by RBI on CRR - 0 %

4. Pledge hypothetican

5. What is equitabe mortgage

6. NI Act

7. RTI

8. Questions based on limitation period

9. Diff b/w partenership and company

10. Questions on mortgage and cheque

11. Heads of object of memorandum of association

12. Related equitable mortgage

13. BR act

14. Partnership accounts

15. Person appeal to drt after receiving reply from sc with in period of

16. payment and settlement system regulated by

17. About mortgage types 4 questions

18. FEMA deals with transactions of

19. Bailment & pleadge

20. Equitable morgatge

21. Lc

22. Deferred payment guarantee

23. Limitation

24. In how many days TDS file to gov

25. For cancel of lease or rent how many month notice?



1. Section 131

2. Actionable claim

3. Which one is NI

4. Equitable mortgage

5. Mortgage deed is necessary foe which mortgage

6. Which LC is called anticipatory credit

7. Members and directors of pvt and public company (2questions)

8. Which is not a company classified under liability category

9. With what memo a cheque should be returned if collected by one bank and presented

by other bank

10. When a partnership will dissolve

11. Demand notice period under SARFAESI-ACT

12. DRT is applicable for : SBI, nationalised, RRB, all

13. DRT

14. Bank Guarantees

15. Many questions on mortgages

16. Income tax act

17. Preference shares

18. LC

19. Bill of exchange

20. Agreement

21. Hypothecation

1. Clatons rule

2. Minimum directors-3&2

3 Around 8 qtns from mortgage. like english, equitable, act for mortgage etc.

4. 4 qtns from MOA & AOA of company

5. Doctine of constructive

6. Diff. partnership and company

7. Indemnity-loss of fdr

8. Hypothication

9. Ddiff. pledge and lien

10. Consumer complaint act-complainant

11. Credit card award-1 lakh

12. Common seal

13. Green letter of credit

14. Negotiating bank

15. Surity is -secondary

16. Deffered guaranty

17. DRAT head post

18. Chq alteration not visible to naked eyes bank not liable

19. SARFAESI Act apeal to drt in how many days 45

20. LC credit related question credit allow something like that ans green lc

21. BO related complain how many days to dispose by BO.

22. RTI how many days to required by the PIO to settle the information.

23. Not registerd partnership firm related question can sue or not.

24. Min No of director in public and private

25. Arbitrage



Under which section of income tax donations come? - 80G of the Income Tax Act

Min and max no of member in private companies - 2 & 200

No. of members in public limited co (Min & Max) - 7 & unlimited

Banking ombudsman applicable - in whole india

Indemnity which type of liability? - Contingent.

Who can rectify the clerical or arithmetical errors in order passed by DRT? - Presiding

officer

Which income doesn't come under service tax? - Interest income

Within how many days can a consumer file complaint if he is not satisfied with the

service? - 30 Days

Which is the negotiating bank in case of LC? - Exportrs country bank

Relationship between bank n customer in case of pledge - pawnor-pawnee'

Debt recovery tribunal established by - Government of India under an Act of Parliament

(Act 51 of 1993)

How many types of LC ? - 8

Jurisdiction of appellate tribunal - The Central Government is also empowered to decide

and specify the areas within which the tribunal may exercise jurisdiction for entertaining

and deciding the applications filed before it.

DRT applicable - Above 10 Lakhs

DRT is controlled by - Recovery of Debts Due to Banks and Financial Institutions Act

(RDDBFI Act), 1993

RTI is not applicable to - J&K

UCPDC 600 is in respect of - Letters of credit

Pay as you earn is a...... tax - is a withholding tax on income payments to employees

20% profits should maintain with rbi - NBFC

NI act application - Whole India

Cersai time limit - within 30 days of creation of mortgage

Bills payable on demand are - paid when the payee asks for it.

Term of every member in national commission - 5 years or up to the age of seventy

years, which ever is earlie



A securitization company carries out the function of - Acquisition of financial asset from

the originator

Limitation period of for takng immovable property under sarfaesi? - 12 Years

Amount of TDS should be submitted before how many days? - 7th of the next month

Number of directors of private company? - 2 to 15 (Min & Max)

Casual vacancies of directors can be filled by? - the Board of Directors at a meeting of

the Board

Collecting bank will get safety under NI act for what - Forged sign of endroser

Which is not consider as NI - Share

Tax dedcuted from salary has to be payed as on - Monthly basis

Limitation perod for foreclosure is - 30 Years

Llimitation perod for possession of immovable property is - 12 years

Banking regulation act 1949 - Regulates banking



Banking ombudsman 4 questions

DRT appllete is headed by ........appointed by central govt.

LC 3 questions case study 1

Advising banking is called......

Whether advising bank is to take part in liability of LC

Macmillan book back questions 5-6 - Average 3-5 questions coming

Key used to create digital signature.....Private key

RTI Act .....Getting info from.....Public authorities

Exemption of RTI Act

Bankers book evidence 2 questions one from Macmillan book

How much we have to pay to get copy from the abovesaid paper n copies...

Sarfaesi 3-4 questions out of one case study....

What type of charge in case of goods under manufacturing.....

Under pledge unlike mortgage....Some differences were given in the options

N deposit in bank Z with branch manager C .L is the introducer of N.N got LOD from

that bank.Who has lended to whom?

R has shares in limited company.R dies what will happen to shares.....?

In case of safe deposit vault, customer is called as....

X a customer lost the TDR and bank gave duplicate receipt receiving indemnity from

X.Here who is indemnified to whom?

Parties in a contract......

Bank guarantee 2 questions...



What is reverse mortgage

Tenure of banking ombudsman

Fee require for RTI

Mode of accepting complain by banking ombudsman

One question on arranging orders for different type of mortgage

One question on arranging orders for different type of charges

Limitations period will be extended,-on credits to ac

Material alteration of cheque without authentiaction of bearer

Bank buy a cheque from A and give advance but cheque got returned-from whom bank

will recover

A presented a cheque for clearing and went abroad, cheque got returned for financial

reason after I year. A returned and found no credit in his account and bank lost the

cheque- responsibility of bank and customer

Lmitaton period of of account

Lok adalat is conducted by....



No. of max members in pvt company - 200

........................................

Pawnor pawnee

The bailment of goods as security for payment of a debt or performance of a promise is

called "pledge". The bailor is in this case called the "pawnor". The bailee is called the

"pawnee".

............... .........................

Min deposit to appeal to DRAT - 50000

........................................

Min and max directors in public limited co -

........................................

Complaints can lodge to banking ombudsman through - Authorised Representative

........................................

Safe custody of articles.. Bailment

........................................

Clubs n societies r registered under - either under the Companies Act, 1956 or under the

Societies Registration Act or the Co-operative Societies Act

........................................

Sale notice period ie. 30 days

........................................

Authorized officer of public sector bank min designation.. Chief manager

........................................

Jurisdiction of filing suit - at place of mortgaged property situated

1.Deffered credit

2.minimum and maximum members in private company..

3.accalaration.

4.equity mortgage..

5.demand biill also called as sight bill.

6.presiding officer tunere...

7.relationship in safe locker ..bank customer.

8.relatioanaship in loan on FD..

9.pladge..

10..origanater.

11.about drt

12.3days for book evidence..

Under how many phases is cases of sarfaesi settled under civil courts?

EM is required to be done in specified town of property

Payment to minor

Right of member in a company

Fund based non fund based

Metropolitan Magistrate

Endorsement in cheque

Advantages of corporate form of enterprises

To whom the assignment notice send in case of loan taking against insurance policy

Lok adalat max compensation?

Banking ombudsman

Title deed not required to be deposited in whch type of mortgage?

Mortgage-transfer of property act

Sale of goods act



partnership

Huf law

Safe deposit locker

FEMA

3 - 4 case studies on protection to collecting banker and paying banker

Appointment of banking ombudsman , regulation of tenure of banking ombudsman

Minimum and maximum number of members in private company

2-3 questions from MoA and AoA

Object is described in MOA /AOA

Difference between partnership and company..

If a director in company wants get member of another company what needs to effect in

both companies article of Asso.

For how many years a banking company use non banking assets- 10, 11,12 or 15 years

Mutual fund transaction which kind of account in dealing foreign transaction.

RTI act not applicable which of the following

Renounce sport board

Cabinet ministry

AD bills

Floating charge

Fixed change

If a customer deposit an order cheque to A bank and A bank put a collection stamp on it

but customer take the cheque and deposit to B bank but B bank return the cheque.What

The B bank site the return reason

National commission tenure

What is the conversion?

HUF created by

Who pays money to beneficiary in LC

Appeal days in DRT

............................. ...........



E filing system in charge registration

........................................

Contract two to three questions

........................................

SARFAESI act applicability

...................................... ..

DRT Applicability

......................... ...............

Banking omb

..................... ...................

According to tax lawas income definition

........................................

Major powers of RBI

.............................. ..........

Rti act

........... .............................

Law of limited for foreclosure of mortgage

........................................

What is called judgment of Banking ombdsuman is.Award

........................................

Indemnity

security or protection against a loss or other financial burden.

security against or exemption from legal responsibility for one's actions.

........................................

Deferred payment guarantees







Jaiib Legal Recollected: 2018 May



Lc se question tha



Lok adalat



Ni



Indemnity



Gurantee



Collecting banker



Awards under banking ombundsman



5 questions from FEMA



Limitations act lot of 2 marks



Bailee bailor pledge mortgage



Mortgage 3-4 question English n equitable



Paid up capital

Securities questions

Saffaesi 2-4 questions

Lok adalat 3 questions

Ultra vires questions



Equity mortgage questions



Collecting bank 2 questions

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