Q26. Between a registered charge and an equitable charge in respect of immovable
property
which has a precedence?
1)
Registered charge
2)
Equitable charge
3)
both are at par
4)
insufficient information in absence of dates
Q27.
When does the contingent liability on a bank guarantee becomes a regular
liability?
1)
on invocation of the guarantee
2)
on revocation of the guarantee
3)
only after the payment of the guaranteed amount by the bank
4)
even when the bank disputes the claim
Q28.
A bank has to recover an amount of Rs. 25 lacs from a borrower and the
assets
which can be utilized for recovery are of Rs. 10 lacs only. The course open
to
the bank to recover its dues is _______________
1)
Act under SARFAESI and be satisfied with the realized amount out of Rs 10 lacs.
2)
File a case with DRT and recover whatever amounts are possible from the assets
and the personal
assets
of the borrower
3)
Recover the dues using the SARFAESI and file a case with DRT for the short fall
of Rs 15 lacs even
if
the documents get time barred when the recovery process is on.
4)
Recover the dues using the SARFAESI and file a case with DRT for the short fall
of Rs 15 lacs
provided
the documents are valid and enforce on the date of filing case with DRT
Q29.
In a Public Limited Company, Public is associated with________
1)
Equity Shares
2)
Debenture
3)
Public Deposit
4)
All
Q30.
An account holder of a bank (drawer) has requested for the return of a
cheque
which had been duly paid by his banker (drawee). The banker refused to
give
the original but provided a photo copy and charged him for the same. In such
a
case ______________
1)
The action of the bank is in order
2)
The action of the bank is not in order
3)
The bank should have handed over the original paid cheque that too without any
charges (keeping
a
photo copy for their records)
4)
The customer is not right in asking for the original cheque, since it is the
property of the bank once
paid
by them
Answers:
