CAIIB – BRBL – Mock Test- 03

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1. 
Large industrial houses are allowed to acquire by way of strategic investment, in shares of a private bank, not more than:

2. 
ank gets protection under various circumstances as per provisions of NI Act. Which of the following is not correctly stated?

3. 
As per RBI guidelines for providing Internet Banking Facility for customers of licensed Cooperative banks which have implemented Core Banking Solution (CBS) and migrated to Internet Protocol Version 6 can allow Internet Banking with Transactional Facility if they fulfill the following conditions 1) CRAR of not less than 9 per cent. 2) Net worth is Rs. 50 crore or more in preceding financial year. 3) Gross NPAs less than 7% and Net NPAs not more than 3%. 4) The bank should have made a net profit in the immediate preceding financial year and overall, should have made net profit at least in three out of the preceding four financial years.

4. 
Opening of temporary branches by coop banks for the purpose of exhibitions, conferences, mela etc. up to a period of ___ does not require RBI permission:

5. 
If the Board of Directors of a company fail to hold annual general meeting, a member of a company can approach Company Law Board to call such meeting. This is a ___ right.

6. 
Under provisions of SARFAESI Act, a securitization or reconstruction company can commence the business of securitization or reconstruction, if the following conditions are satisfied (which one is not correct):

7. 
What is the maximum imprisonment term for a person to be eligible as a Resolution Applicant under IBC 2016?

8. 
Which of the following can set up a Central Registry under SARFAESI Act:

9. 
For recovery of the debt, the Recovery officer of DRT can (which not correct):

10. 
If bank has to issue a deferred payment guarantee (which one is not true):

11. 
In which of the following cases, banker's lien is not available? 1 customer inadvertently leaves a packet containing certain share certificates, 2 customer inadvertently leaves a packet containing life insurance policies 3 customer inadvertently leaves a packet containing, fixed deposit receipts of other banks

12. 
A partner of a firm can retire from the partnership firm:

13. 
Under Sale of Goods Act, if the stipulation agreed to between the parties is essential to the main purpose of the contract, such stipulation is called:

14. 
Under Right to Information Act, the charges payable by information seeker, are computed at the following rates? (Find True or False) 1) Rs.2 for each page in A-4 or A-3 size paper created or copied; 2) for inspection of records, no fee for the first hour and a fee of RS.10 for each 15 minutes or fraction thereof thereafter. 3) actual cost or price for samples or models 4) actual charge or cost price of a copy in larger size paper;

15. 
Section __ of Prevention of Corruption Act, gives powers to a police officer to inspect any bankers' books, in so far as they relate to the accounts of the persons suspected to have committed that offence or of any other person suspected to be holding money on behalf of such person. The Bank so approached, has to provide certified copies of the relevant entries to assist the police officer in the exercise of his powers under this section.

16. 
A limited liability partnership have 3 designated partners who are individuals. How many of them must be resident/s in India?

17. 
In India, the corporate governance guidelines have been issued for banks by ___ based on the recommendations of ___ committee:

18. 
The Transfer of Property Act contemplates six different kinds of mortgages. They are 1) Simple mortgage, 2) Mortgage by conditional sale, 3) ___ mortgage, 4) English mortgage 5) Mortgage by deposit of title deeds 6) ___ mortgage

19. 
As per Consumer Protection Act 2019, the definition of consumer includes which of the following: (1) a person who purchases goods or services for consideration (2) a person who purchases goods or services for use (3) a person who purchases goods or services, for consideration for self-use (4) a person who purchases goods for re-sale.

20. 
Which of the following is a feature of floating charge? 1 that floats over the present and future property of the company 2 It is in the nature of equitable charge 3 that does not restrict the company from assigning the property, subject to charge to third persons, whether by way of sale or security; 4 on happening of an event or contingency, it crystallizes as a fixed charge.

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