Q1. Uniform Custom and Practice for Documentary Credits – UCPDC 600
came
into effect on __________
1)
25th October 2006
2)
25th October 2007
3)
1st July 2007
4)
1st July 2008
Q2.
In the case of a business run by a HUF the documents are to be
executed
by ___________
1)
Karta of the family
2)
Karta and all the major coparceners
3)
Karta and all the major male coparceners
4)
All the members of the HUF
Q3.
Securitisation under SARFAESI means _____________
1)
acquisition of financial asset form a borrower
2)
acquisition of financial asset form a lender
3)
selling to individual investors
4)
none of the above
Q4.
What can be the prudent action by a bank in the case of pledged goods?
1)
Never releasing the total goods
2)
Not insuring because the goods are in the possession of the bank
3)
Releasing goods against 200% payment
4)
Having proper insurance cover
Q5.
Which of the following rights do the commercial banks have?
1)
Lien
2)
Right of Set Off
3)
Right of Appropriation
4)
Assignment
Answers:
