Protection is available to bank u/s ___ of NI Act, for making payment of a cheque, which is materially altered, if the alteration is not apparent:

When a bank or a financial institution has to recover any debt from any person/entity, it will make an application to the Debt Recovery Tribunal with reference to the local limits of which DRT jurisdiction? 1) the branch of the bank or financial institution is maintaining an account or 2) the defendant, or each of the defendants, actually and voluntarily resides, or carries on business, or personally works for gain; or 3) any of the defendants, actually and voluntarily resides, or carries on business, or personally works for gain; or 4) the cause of action, wholly or in part, arises. 5) any other place at discretion of the bank or financial institution

SARFAESI Act is not applicable in which of the following category of banks.

Various forex remittance facilities are available to persons, as per FEMA 1999. The term ‘person’, include which of the following? 1 an individual and a Hindu undivided family, 2 a company, 3 a firm, 4 an association of persons or a body of individuals, whether incorporated or not,

If an NRI returns to India the NRO account is designated as ____ account if indication to stay in India for an uncertain period.

The transfer of funds from one branch of a bank to another branch of the same bank or a different bank, is called?

The Recovery of Debts and Bankruptcy Act, 1993 (DRT Act) 1993 came into operation wef ___ and its applicable:

A cash credit loan became out of order on Jan 22, 2022. If such position continues, as on 30.03.24, it will be classified as:

The certificate of registration issued by RBI to a securitization or reconstruction company under SARFAESI Act, can be cancelled if:

Resident FC deposit account can be opened by the eligible person by using the foreign exchange received or acquired from which of the following sources? 1 As pension or superannuation benefits or other monetary benefits from his overseas employer; 2 By converting assets acquired by him as a non-resident or inherited from or gifted by a person resident outside India and repatriated to India; 3 Proceeds of life insurance claims/ maturity/ surrendered value settled in forex from an Indian insurance company 4 Earnings in India for which proper tax has been paid.

Which of the following are approved methods for outward remittance of foreign exchange from India? 1 Bank Wire Transfer using the electronic medium 2 Bank Money Orders 3 Foreign Currency Cheques or drafts 4 Direct Deposit/ACH Transfer

The resident individual seeking to make the remittance under Liberalized Remittance Scheme (LRS) is required to furnish Form ___ for purchase of foreign exchange.

The ceilings on investments by an individual NRIs/ PIOs in an Indian Company is ___% of the total paid-up equity capital (on a fully diluted basis)

If the borrower wants to appeal against the order of DRT to DRAT, he has to deposit ___% of the amount of the decree of DRT which can be reduced by DRAT to ___%.

A transaction which alters the assets or liabilities, including contingent liabilities, outside India of persons resident in India or assets or liabilities in India of persons resident outside India, is categorized as:

Which of the following alteration is a material alteration due to which the cheque cannot be paid:

A signed a cheque in favour of B. B endorses the same in blank and hands over to C. C delivers it to D by obtaining the payment from D in cash. If cheque is dishonoured, D can recover from :

Gross advances = 10000. Gross NPA = 950. Deductions to calculate net NPA = 250. Calculate net NPA Ratio?

The negotiation of a bearer instrument can be done by the holder by:

When the management of a business is taken over by the secured creditor under SARFAESI Act, for the loss of office, the directors of that company: