Q21. The provisions of the SARFAESI Act will protect the interest of the secured
creditor
subject to _________________
1)
Documents not being defective
2)
Charge on the security is not there
3)
Non availability of Limitation on documents
4)
Availability of Simple Mortgage
Q22.
In case of a back-to-back credit, which bank from the following does not
come
into the picture?
1)
The bank issuing the original credit to the beneficiary.
2)
The advising bank who negotiates and hands over the documents.
3)
The advising bank through which the credit has been advised to the beneficiary.
4)
The bank which issues an ancillary credit against the security of the original
credit.
Q23.
Identify the main liability of a commercial bank out of the following.
1)
Share Capital
2)
Term deposit
3)
Subordinate debt
4)
both ‘a’ and ‘c’
Q24.
The Appellate tribunal under the DRT act can consider grievances from
parties
unhappy with the decision of the DRT provided the ___________
1)
Application is made within 45 days of the order of DRT
2)
Application is made within 30 days of the order of DRT and payment of 50% of
amount awarded by
DRT
3)
Application is made within 45 days of the order of DRT and payment of 50% of
amount awarded by
DRT
4)
Application is made within 45 days of the order of DRT and payment of 50% of
amount awarded by
DRT
or the amount permitted by the appellate tribunal
Q25.
Reserve Bank of India appoints one or more persons as Banking Ombudsman
for
a period not exceeding ______________
1)
4 years at a time
2)
3 years at a time
3)
2 years at a time
4)
1 year at a time
Answers:
