General mcqs

1. As per the Simplified KYC guidelines, the current limits for balance in Small
Deposit Accounts should not exceed
2. The term CFT stands for
3. FATCA stands for
4. Holder in due course is defined under section------of Negotiable Instrument
Act.
5. A contract of Insurance is a contract of
6. Rule in Clayton’s case has been incorporated in the
7. Right of set off is exercisable, where the relationship is of
8. Unclaimed deposits are classified by the bank as …….. liabilities
9. A search report from legal counsel is insisted upon for years:
10. As per the Indian Limitation Act, an equitable mortgage becomes time
barred after......years???????


Answers-
1. 50000
2. Combating financing of terrorism
3. Foreign account tax compliance act
4. 9
5. Indemnity
6. Sec 59 to 61 of Indian contract act
7. Debtor & creditor
8. Current
9. 30yr
10. 12 yr from the date of money is due