CAIIB – BRBL – Mock Test- 09
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.
A person dealing with a company cannot take the plea that he had no notice of contents of Articles of Association and Memorandum of Association due to:
2.
What governs the mutual rights and duties of partners of an LLP inter se and those of the LLP and its partners.
3.
Which of the following statements are True or False with reference to Partnership? 1 the relations under a partnership arise from contract and not from status 2 the members of a Hindu undivided family carrying on a family business as such, are not partners in such business. 3 The business must be carried on to earn and share the profits and returns of the business. 4 There must be a mutual relation of 'agency' between the partners.
4.
If the Pawnee has to incur extra-ordinary expenses on the goods pledged:
5.
A banking company requires ____ from ____ to undertake banking business as per provision of Section ___ of Banking Regulation Act:
6.
The Department of Non-Banking Supervision (DNBS) of RBI is entrusted with the responsibility of regulation and supervision of NBFCs. The focus of regulation and supervision is on? 1) depositor protection 2) consumer protection 3) financial stability 4) Compliance
7.
Which of the following a correct statement:
8.
As per Section 143A of NI (Amendment) Act 2019, the court can direct the drawer to pay interim compensation to holder @ ___ % of amount of cheque, which is to be paid within 60 days.
9.
Which of the following is not correct in the context of a company, in India?
10.
In the absence of a written contract or local law or usage to the contrary, a lease in respect of agriculture or manufacturing purpose, can be terminated by the lessor or lessee by giving a notice of ___, to the other:
11.
As per provisions of Section ___ of ___ Act, the transferee of an actionable claim, shall take it, subject to all the liabilities and equities to which the transferor was subject, in respect thereof at the date of the transfer.
12.
Which of the following fulfills the requirement of current account transactions as per requirement of Foreign Exchange Management Act 1999:
13.
X endorses a cheque in favour of Y and states that Y can obtain the payment only when he marries daughter of X. Bank paid the cheque without ensuring compliance of this condition:
14.
RBI can give directions to banks as per provisions of Banking Regulation Act. These directions relate to? 1 Regulation of advances by banks u/s 21 2 Regulation of interest rate on advances u/s 21 3 Intervene in settling big bad loans u/s 35AA 4 Directions in public interest u/s 36A
15.
Which of the following appoints Chairman of State Bank of India:
16.
As per Section 4 of The Right to Information Act 2005, what is obligation of every public authority ? 1 maintain all its records duly catalogued 2 index all records in a manner and the form which facilitates the right to information 3 ensure that all records that are appropriate to be computerized 4 ensure to display all important records on their website
17.
The agent is required to conduct the business (which statement is incorrect):
18.
What is the application fee to seek authorization from RBI to operate a payment system in India, if an entity is otherwise eligible.
19.
A power plant constructed by ABC Limited is financed by Universal Bank. ABC Limited sells power to XYZ Limited and deposits the amount with Commercial Bank by opening an Escrow account. Who is escrow agent in this case?
20.
The appeal can be made by the customer against the Award of the Ombudsman to Dy. Governor RBI, 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.