CAIIB – BRBL – Mock Test- 01
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1.
RBI can apply to High Court, the winding up of a banking company in which of the following circumstances:
2.
Which of the following is not an important feature of definition of ‘Hypothecation’ as given in SARFAESI Act:
3.
Which of the following exercises control over banks from the opening to their winding up:
4.
Name the Act under which the Lok Adalats are constituted:
5.
Under Section 36M, Banking Regulation Act, RBI can remove ___ of a bank:
6.
Which of the following are registered with IBBI as Insolvency Professional Agencies responsible for promoting the best professional standards among Insolvency Professionals (IP) 1) Institute of Company Secretaries of India, 2) Institute of Chartered Accountants of India and 3) Institute of Cost Accountants of India 4) Indian Institute of Banking and Finance
7.
In order to save a firm from loss in an emergency, one of the partners of the firm took an action, which was not in his implied authority:
8.
Which of the following is the objective of enactment of Foreign Exchange Management Act 1999?
9.
Under the Scale Based Regulatory Structure of RBI, the NBFCs based on size, activity and perceived risk can be categorised as: 1) Base Layer 2) Middle Layer 3) Upper Layer 4) Top Layer
10.
The format of a cheque is prescribed in which of the following:
11.
Bank-A has received, in clearing, 3 cheques of Rs.500 (favouring X), Rs.900 (favouring LIC of India) and Rs.1400 (favouring Income Tax department) and balance in the account is Rs.2000.
12.
Which of the following is correct regarding the time limit during which the bank can be sued from date of cause of action, on a bank guarantee, issued by the bank:
13.
As per the Banking Regulation Act, the Central Government is required to hold, at all times, not less than __ per cent of the equity of nationalized banks.
14.
As per Section 10 of the Recovery of Debts and Insolvency Act 1993, a person shall not be qualified for appointment as the Chairperson of an appellate tribunal unless he : 1. is, or has been, or is qualified to be a Judge of a __ Court; 2. Has been a member of the Indian legal service and has held a post in Grade of that service for at least ___ years or 3. Has held office as the presiding officer of a tribunal for at least ___ years.
15.
Out of the following which mortgage can be created orally:
16.
An automatic right of set-off arises in which of the following circumstances: 1 On the death, insanity or insolvency of the customer 2 On the insolvency of a partner of a firm or winding up of a company 3 On receipt of a garnishee order or attachment order 4 On receipt of notice of assignment of a customer's credit balance.
17.
As per provisions of Consumer Protection Act 2019, whoever manufactures for sale or stores or sells or distributes or imports any product containing an adulterant shall be punished, if it results in the death of a consumer, with imprisonment for a term of min seven years, which may extend to imprisonment for life and with fine of min Rs.____
18.
What are the provisions regarding appeal against grounds of rejection of complaint by the Ombudsman :
19.
If the last Friday is a holiday, the return u/s 25 (1) of Banking Regulation Act can be submitted to RBI relating to :
20.
As per provisions of SARFAESI Act 2002, the owner of a financial asset that is acquired by an Asset Reconstruction Company for the purpose of securitization or asset reconstruction, is known as Originator. A person liable who is to discharge any obligation in respect of a financial asset, whether existing, future, conditional or contingent is called __
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