CAIIB – BRBL – Mock Test- 06
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1.
Which of the following charges require registration with Registrar of Company as per Section 77 of Companies Act 2013? A a charge on calls made but not paid; B a charge on a ship or any share in a ship; C a charge on goodwill, on a patent or a license under a patent, on a trade mark, or on a copyright or a license under a copyright. D a charge on property located abroad
2.
As per provisions of Consumer Protection Act 2019, whoever, fails to comply with any direction of the Central Authority shall be punished with imprisonment for a term up to six months or with fine up to Rs.___ or with both.
3.
Under SARFAESI Act, the action on behalf of the bank or FI can be initiated by an authorised officer, who can be:
4.
Which of the following is True or False in the context of raising funds by Asset Reconstruction Companies (ARC) for acquisition of financial assets from financial creditors under SARFAESI Act? 1 funds are raised by issue of debenture receipts 2 funds are raised from Qualified Institutional Buyers (QIBs) 3 ARC holds the assets in trust for benefit of QIBs 4 in case of non-realization by ARC, min 60% by value, of QIB can call a meeting and every resolution passed will be binding on ARC
5.
If a case is pending in DRT and bank wants to initiate action under SARFAESI Act:
6.
In terms of Section 27 of MSME Dev Act 2006, whoever intentionally contravenes or attempts to contravene or abets the contravention of any of the provisions of the Act shall be punishable in the case of the first conviction, with fine which may extend to ___
7.
Which of the following can convert itself into a small finance bank, as per guidelines of RBI on small finance banks? 1) existing non-bank finance companies 2) existing micro finance institutions 3) existing local area banks 4) existing housing finance companies
8.
If hypothecation is created by a company, the floating charge (i.e. hypothecation) created within ___ preceding the commencement of winding up, becomes invalid under certain circumstances u/s 534 of Companies Act:
9.
Which of the following is the objective to set up Financial Stability and Development Council (1) to strengthen the mechanism for maintaining financial stability (2) to enhance inter-regulatory coordination (3) to institutionalize the mechanism for maintaining financial stability.
10.
In a joint account of X and Y, a cheque is presented in clearing and paid. Later on it is found that signatures of X are genuine but that of Y are forged.
11.
Banks are to maintain records of all series of cash transactions integrally connected to each other which have been valued below Rs.10 lac where such series of transactions have taken place ____, as per Prevention of Money Laundering Act 2002:
12.
As per provisions of Consumer Protection Act 2019, if the consumer Commission receives consent of parties for mutual settlement, it may refer the case to Consumer Mediation Cell within ___days:
13.
As per Foreign Exchange Management Act 1999, which of the following cannot be included in foreign exchange:
14.
IBC 2016 has prescribed an order of priority for distribution of liquidation proceeds, which includes the following. What is correct order? 1 wages and any unpaid dues owed to employees other than workmen for the period of 12 months preceding the liquidation commencement date; 2 debts owed to a secured creditor in the event such secured creditor has relinquished security and workmen's dues for the period of 24 months preceding the liquidation commencement date (both on mutually pari-passu basis); 3 the insolvency resolution process costs and the liquidation costs in full; 4 financial debts owed to unsecured creditors;
15.
Every banking company has to maintain in India, certain amount of assets u/s 25 of Banking Regulation Act as at:
16.
The holder of a cheque gets right to file suit u/s 138 of NI Act, to recover the amount from the drawer of a cheque, if certain conditions are satisfied. Which of the following conditions is not correct:
17.
Every banking company is required to submit __ copies of its balance sheet and profit and loss account to the Reserve Bank within ___ months from the end of the period to which they relate. This period may be extended by the Reserve Bank by a further period not exceeding __ months. Fill in the blanks out of the following?
18.
When RBI conducts inspection of a bank, a copy of the inspection report:
19.
Which of the following cannot organize a Lok Adalat:
20.
Which of the following cannot accept deposits from the public:
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