Q16. For filing any complaint before a District Forum, State Commission or
National
Commission the limitation period from the date of cause of action is
_________
1)
1 year
2)
3 Years
3)
2 years
4)
6 months
Q17.
From the banker’s point of view which is the least secured advance?
1)
mortgage of immovable property
2)
pledge of movable stocks
3)
hypothecation of movable machinery
4)
against other bank’s fixed deposit
Q18.
YAR Pvt. ltd., a company has been sanctioned a working capital needs
including
supply bills limit of Rs. 5 lacs. Which of the following statements is
correct?
1)
the charge on supply bills need not be registered with ROC
2)
the charge is required to be registered
3)
The charge need not be registered with any authority since it is an agreement
between a Private
limited
and a bank
4)
Charge is required to be registered with the ROC since the document creating
such a charge
includes
hypothecation of receivables along with a power of attorney
Q19.
Pledge cannot be created in the case of ___________
1)
Goods which are existing
2)
Future goods
3)
Both a as well as b
4)
None of the above
Q20.
A bank can advance amounts against _______________
1)
shares of all listed companies
2)
shares of even private companies
3)
shares of its own bank
4)
b and c
Answers:
