What are the provisions regarding appeal against grounds of rejection of complaint by the Ombudsman?
a. the customer can appeal against the grounds of rejection of complaint to Governor RBI
b. the customer can appeal against the grounds of rejection of complaint within 45 days
c. the customer can appeal against the grounds of rejection of complaint to Dy. Governor RBI within 30 days
d. the customer can appeal against the grounds of rejection of complaint to Dy. Governor RBI within 45 days
Ans – c
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If a loan is secured by mortgage of an immovable property, the limitation period is and begins from
……
a. 30 years, from date of mortgage
b. 12 years, from date of mortgage
c. 3 years, from date of mortgage
d. 3 years, from date of default
Ans – b
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The accounts and balance-sheet of a Bank together with the Auditor’s report shall be published in the prescribed manner and three copies thereof shall be furnished as returns to the Reserve Bank within
…… from the end of the period to which they refer
a. 1 week
b. 1 month
c. 3 months
d. 6 months
Ans – c
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The central consumer protection council holds meetings, the periodicity of which is……
a. once in a year
b. twice in a year
c. once in every quarter
d. once in every month
Ans – a
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A banking company shall be deemed to be unable to pay its debts if it has refused to meet any lawful demand made at any of its offices or branches within working days if such demand is made at a
place where there is an office, branch or agency of the Reserve Bank, or within working days if such
demand is made elsewhere
a. 1, 2
b. 2, 3
c. 3, 5
d. 5, 7
Ans – c
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Which of the following types of amounts do not form part of the term debt under RDDB Act (DRT Act) 1993?
a. fraud committed by an employee
b. any liability payable under a mortgage or money payable under a decree or civil court
c. any liability for which there is no security
d. none of the above
Ans – a
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Which of the following provides details about various types of deductions allowable from gross total income of the assessee?
a. Section 10 of Income Tax Act
b. Chapter IV of Income Tax Act
c. Chapter VIA of Income Tax Act
d. Chapter VIIA of Income Tax Act
Ans – c
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Within the meaning of SARFAESI Act, the term security interest represents any right or title or interest upon a property created in favour of any secured creditor and does not include……
a. mortgage
b. hypothecation
c. assignment
d. pledge or lien
Ans – c
A bank had given loan to a party with outstanding balance of Rs.10.15 lac although the sanctioned limit was Rs.9.50 lac, which has become difficult of recovery.
a. the suit has to be filed in a civil court as the limit is Rs.9.50 lac
b. the bank can decide regarding in which court, the suit is to be filed
c. bank can file this case in DRT only, which has the jurisdiction.
d. bank can file this case in High Court directly.
Ans – c
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No Director of a banking company, other than its Chairman or whole-time Director, by whatever name called, shall hold office continuously for a period exceeding ……
a. 7 years
b. 8 years
c. 9 years
d. 10 years
Ans – b
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Which of the following includes `banking business’ as per Banking Regulation Act? (i) Acceptance of deposit, (ii) Collection of bills, (iii) Buying of foreign exchange
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans – d
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Which of the following instrument is issued by a securitization company for securitization of a financial asset, that represents undivided interest in the security, under provisions of SARFAESI Act?
a. pass through certificate
b. debenture certificate
c. security receipt
d. security sharing certification
Ans – c
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