The credit control methods adopted by RBi includes (i) Quantitative control, (ii) Qualitative control,
(iii) Fixed control
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans – a
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An agreement not enforceable by law is called ……
a. Void agreement
b. Valid agreement
c. Voidable agreement
d. None of above
Ans – a
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Which is the Act which provides legal framework for e-Governance in India?
a. IT (amendment) Act 2008
b. Indian Penal Code
c. IT Act 2000
d. None of the above
Ans – c
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What is the minimum and maximum CRR that can be prescribed as per section 42(1) of RBI Act? a. 3%, 20%
b. 3%, 15%
c. 5%, 20%
d. No prescription as per RBI Act
Ans – d
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For creating Equitable Mortgage, title deeds are to be deposited in ……
a. Any Place
b. Any place identified by Central Govt
c. Notified place
d. Notified place by State Govt. for this purpose
Ans – d
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Mortgages used to purchase shopping malls and office buildings are classified as ……
a. developed mortgages
b. dwelling mortgages
c. commercial mortgages
d. non-commercial mortgages
Ans – c
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Which of the following is not an essential element of a bill of exchange?
a. must be written and signed by the drawee
b. must contain an unconditional promise to pay a sum certain in money
c. must be payable to order or bearer
d. drawee must be named therein
Ans – a
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What can a secured creditor do if his dues are not fully satisfied with the sale proceeds of the secured asset?
a. He cannot take further action. He has to satisfy his claims with the amount received after selling the secure asset
b. He can proceed against the debtor by filing an application before Debt Recovery Tribunal
c. He can proceed against the debtor by filing an application before the High Court
d. He cannot take further action unless the debtor agrees to the payment of the remainder amount
Ans – b
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“Once a mortgage, always a mortgage”. This sentence is ……
a. Absolutely True
b. Absolutely False
c. Partly False
d. Partly True
Ans – a
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As per section 2, sub section 7 every kind of moveable property other than actionable claim and money is called ……
a. Goods
b. Future goods
c. Both a and b
d. None of above
Ans – a
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The address of the registered office of the company must be notified to the registrar within days of
registration, if it is not done at the time of incorporation
a. 15
b. 30
c. 60
d. 45
Ans – b
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The salary or honorarium and other allowances payable to the members of the District Forum shall be be prescribed by ………………..
a. The Governor of the State
b. The National Commission
c. The Central Government
d. The State Government
Ans – d
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A bank customer can file a complaint against banking organization if reply is not received from the bank within a period of. after concerned bank has received complaint representation:
a. Two Months
b. One Month
c. Three Months
d. None of The Above
Ans – b
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