CAIIB – BRBL – Mock Test- 02
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1.
Which of the following Act provides for the regulation and supervision of payment systems in India ?
2.
The Reserve Bank issues directions regulating the lending operations of banking companies in exercise of powers vested under Section 21. Apart from this, the general powers to give directions under Section 35A are also available for regulation of loans and advances. The directions given by RBI are binding on banking companies. These direction may relate to which of the following matters? 1 Purpose for which advances may or may not be made. 2 Margins to be maintained for these loans 3 Maximum amount of advances or other financial accommodation 4 Rate of interest alone and not other terms and conditions on which advances may be given.
3.
The service tax has been subsumed by which of the following:
4.
Section 12(1) of the Banking Regulation Act stipulates that 1) subscribed capital of a banking company shall not be less than ___ of its authorized capital 2) the paid-up capital shall not be less than ___ of its subscribed capital 3) If capital is increased, this requirement has to be complied within a period not exceeding ___ years as allowed by the Reserve Bank.
5.
Under SARFAESI Act, the ‘reconstruction company’ means:
6.
A charge means an interest or lien created on the property or assets of a company or any of its undertakings or both, as security, and includes a mortgage. This definition is as per?
7.
Which of the following is a correct statement in connection with NI Act 1881? 1) NI Act was implemented w.e.f. 1.3.1882 2) The Act is applicable throughout India 3) The Act was last amended w.e.f. 1.9.2018 4) The Act has 148 Sections.
8.
If a bank is wound up, what type of right, the payee of a cheque, has?
9.
In the meeting of Committee of Creditors (CoC), the quorum is ___ % by value.
10.
Which of the following decision is not possible for an appeal to be made under Ombudsman Scheme:
11.
In connection with share capital of nationalized banks, which of the following statements are True or False? 1) Authorised capital can be up to Rs.3000 cr 2) Value of individual share is Rs.10 3) Other than Central Govt., any shareholder can exercise voting rights up to 10%
12.
Find out which of the following statements are True of False as per provisions of Legal Service Authority Act 1987? 1. Lok Adalats are organized under the Debt Recovery Tribunal Act. 2. Lok Adalats are organised to settle the existing disputes and not for fresh disputes between the parties. 3. If one party intends to refer the dispute to Lok Adalat, the consent of the other is not required. 4. Lok Adalats shall strive at arriving a compromise or settlement between the parties. 5. Appeal against the award of the Lok Adalat lies in Distt. Court
13.
Which of the following is a feature of simple mortgage? 1) The mortgagee has no power to sell the property without the intervention of the Court. 2) The mortgagee has no right to get any payments out of the rents and produce of the mortgaged property. 3) The mortgagee is not put in possession of the property. 4) Registration is not mandatory
14.
Which of the following instrument can be crossed:
15.
A loan with a limitation period of 3 years was granted on July 12, 2021. If the limitation is with reference to date of document and the court is closed from July 10 to July 12, 2024, the suit can be filed latest by:
16.
On payment of a loan by the guarantor, all the securities with the bank have to be transferred to the guarantor by the bank, due to his right of:
17.
The authority to establish DRT or DRAT lies with:
18.
Banks have to preserve their records and documents as per provisions of Banking Regulation Act 1949. Given hereunder are certain statements related to this aspects. Find out which statements are True or False? 1 In terms of Section 45Y of the BR Act Reserve Bank by notification in the Official Gazette, make rules specifying the periods for which: 2 a banking company shall preserve its books, accounts and other documents; 3 a banking company shall preserve and keep with itself different instruments paid by it. 4 Government of India enacted the Banking Companies (Preservation of Records) Rules, 1985 which specify the period of preservation of different types of ledgers and registers, and records other than ledgers and registers.
19.
The purpose of which of the following Forms, does not match while filing details of charge with CERSAI:
20.
Which of the following forms of business, other than banking business, cannot be undertaken by banks:
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