The term “Pledge” means (i) A thing which is given as security, (ii) A thing which is sold out
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans – a
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…… policy refers to policy measure taken by RBI to control & regulate money supply
a. Credit
b. Monetary
c. Fiscal
d. Financial
Ans – b
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Which act has given control & supervision powers to RBI over commercial banks?
a. RBI Act 1934
b. Banking Regulation act 1949
c. Both RBI Act 1934 & Banking Regulation act 1949
d. Banking Regulation Act 1960
Ans – c
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When two persons mutually transfer the ownership of another, neither thing or both things being money only, the transaction is called ……
a. sale
b. an exchange
c. gift
d. None
Ans – b
For the purpose of exposure norms, which of the following is true for inclusion under exposure? (i) 100% of both fund based and non fund based credit limits, (ii) Sanctioned limit or outstanding whichever is higher shall be considered, (iii) In case of fully drawn term loans outstanding and not the limit sanctioned will be considered
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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A man enfeebled by disease or age is inclued by B’s influence over him as his medical abendant to agree to pay B, a unreasonable sum for his professional services ……
a. B employees nothing
b. B employees undue influence
c. Both a and b
d. None of above
Ans – b
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Number of clauses in Memorandum of Association is ……
a. 5
b. 6
c. 7
d. 8
Ans – b
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Which of the following is not a Public Financial Institution?
a. National Bank for Agriculture & Rural Development (NABARD)
b. Life Insurance Corporation of India (LIC)
c. State Financial Corporations
d. Axis Bank Limited
Ans – d
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Which of the following statements relating to Chief Metropolitan Magistrate or the District Magistrate assisting the secured creditor in taking possession of the secured asset is false?
a. Any act done in pursuance of this shall not be called in question in any court or before any authority
b. They may take any steps and use any force as may be necessary in their opinion for securing compliance
c. They may authorise any subordinate officer to take possession of such assets and documents
d. The requirement of filing affidavit shall apply in all cases, whether any proceeding is pending before them or not, on the date of commencement of the Act
Ans – d
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When does an asset become non performing?
a. When the instalments and/or interest is not paid for a period exceeding 60 days
b. When the instalments and/or interest is not paid for a period exceeding 120 days
c. When the instalments and/or interest is not paid for a period exceeding 90 days
d. When the instalments and/or interest is not paid for a period exceeding 180 days
Ans – c
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Which one of the following development Financial Institutions in India has started the special refinance scheme for the resettlement and rehabilitation of Voluntary Retired workers of the National Textile Corporation (NIC)?
a. IDBI
b. SIDBI
c. ICICI
d. None of these
Ans – b
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The promisee in a contract of indemnity, acting within the scope of his authority, is entitled to recover from the promisor (i) All damages which he may be compelled to pay in any suit in respect to any
matter to which he promise to indemnity applies, (ii) All costs which he may be compelled to pay in any such suit, (iii) All sums which he may have paid under the terms any compromise of any such suit
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans – d