
Q56. In the case of assignment of insurance policy, who has to give the notice of assignment
1)
Insurer
2)
Assignee
3)
Guarantor
4) Agent
Q57. For
indirect finance to Self Help Groups (SHGs), through NGOs, some conditions are
laid down. Which one of the following is not such a
condition?
1) NGO
is registered
2)
Audited balance sheets for three years should be analyzed
3) There
should be provision in the by-laws of the Ngo to borrow for SHG activities
4) NGO
should provide adequate collateral security
Q58.
Treasury bills are classified under ------
1) Money
market instruments
2) Debt
market instrument
3) Both
money and debt market segments
4)
Different heads based on the period of the Treasury bill
Q59.
Garnishee order ----- (select the wrong statement)
1) Is an
order of the court
2) Is
the order to attach the funds
3)
Pertains to the funds belonging to a judgment debtor in the hands of his
debtors
4) Is
the order for payment of funds in an account
Q60.
Which of the following statement is true regarding the right of a minor?
1) Minor
cannot be declared as insolvent
2) A
minor cannot act as an agent
3) A
minor cannot be a partner
4) A
minor can be a valid guarantor

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