CAIIB – BRBL – Mock Test- 08
Hello Student
Welcome and congratulations on deciding to use this Quiz!!
Successfully answering the questions will improve your understanding of the concept and help you score better in your exam.
IMPORTANT NOTE : Pl click all questions, so that you can see correct / incorrect status of you attempted test
Here is your Test…….. All the best
1.
The bailment of goods for providing security for payment of debt or performance of promise is called:
2.
If there is any satisfaction of the security interest already registered, the satisfaction details are required to be submitted to Central Registry within, under SARFAESI Act:
3.
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956/2013. It engages itself the business of : 1 loans and advances, 2 acquisition of shares/ stocks/ bonds/ debentures/ securities, 3 leasing and hire- purchase, 4 agriculture activity,
4.
Capital account transaction are the transactions by which there may be a change (either an increase or decrease) in the assets or liabilities outside India of persons resident in India or assets or liabilities in India of persons resident outside India Which of the following fall in the category of capital account transactions? 1 opening a bank account abroad in foreign currency 2 opening a bank account in India in foreign currency 3 investing in shares of a company abroad 4 setting up a wholly owned subsidiary abroad, by a company.
5.
As per section 51 of____ , the provisions of Banking Regulation Act are applicable to SBI:
6.
Which of the following types of contracts are essentially, the contracts of indemnity:
7.
Who are the persons licensed/registered by IBBI who help in resolution of insolvency and are appointed liquidator and/or bankruptcy trustee under any resolution process initiated under the Code?
8.
Who has the powers to change the day for the purpose of preparation of profit and loss account and balance sheet:
9.
Which of the following statements are matched properly? 1 Permitted business of banks – Sec 6 (1) BR Act 2 Banking companies cannot engage in trading activities – Sec 8 B R Act 3 Banks are required to dispose of non-banking assets acquired by them within – 8 years 4 Banks are required to dispose of non-banking assets acquired by them within in specified period : Sec 9 of BR Act
10.
Under pre-packaged insolvency resolution process (PIRP), ___ days from the date of commencement is the time frame given for completion of the entire PIR process.
11.
U/s 21 of Banking Regulation Act, RBI issues directions to banks in respect of:
12.
If a person has the obligation to deduct tax at source, he has to obtain:
13.
Section 25 of the ________________ accords the same rights and remedies to the payee (beneficiary) against dishonor of electronic funds transfer instructions under insufficiency of funds as are available under section 138 of the Negotiable Instruments Act, 1881.
14.
The provisions of SARFAESI Act are applicable in case of:
15.
In terms of Section 77 (2) of Companies Act 2013, where a charge is registered successfully with the ROC, he/she would issue a certificate of registration of such charge in ___
16.
As per provisions of Consumer Protection Act 2019, what is the time limit to take decision by the appellate authority on an appeal:
17.
The Prevention of Money Laundering Act 2002 was enacted with the following objective:
18.
A state cooperative bank has to submit copy of audited balance sheet to:
19.
The Recovery of Debts and Bankruptcy Act, 1993 (DRT Act) 1993 came into operation wef ___ and its applicable:
20.
Where a cheque is received dishonoured for insufficiency of funds, the bank is required to return the cheque to the customer (holder) within:
DO NOT CLICK ‘SUBMIT’ BUTTON, WITHOUT READING THE FOLLOWING
1) Answers shall appear when you click ‘SUBMIT’ button, below.
2) If answer given by you is correct, it will be shown in GREEN font.
3) If answer given by you is incorrect, it will be shown in RED Font in addition to correct answers shown in GREEN Font.
4) If you want to improve your score, we suggest you to practice the following QUESTION BANK after revising the concepts.
