1) 9th December, 1881
2) 19th December, 1881
3) 1st March, 1882
4) 29 December, 1881
5) None of the above.
Answer- 1
Q2. A bill of exchange contains a/an
1) Unconditional undertaking
2) Unconditional order
3) Conditional undertaking
4) Conditional order
5) None of these
Answer-1
Q3. Under which section, the term 'Negotiable instrument' is defined in the Negotiable Instruments Act, 1881?
1) 12
2) 13
3) 14
4) 2
5) 11
Answer- 2
Q4. An authority to draw bills of exchange -
1) Itself import an authority to indorse
2) Does not itself import an authority to indorse
3) Sometime import an authority to indorse
4) All the above
5) None of the above
Answer-2
Q5. If the words "not negotiable" are used with special crossing in a cheque, the cheque is-
1) Not transferable
2) Transferable
3) Negotiable under certain circumstances
4) All the above
5) None of the above
Answer-1
Q6. What is the minimum provisioning limit on Doubtful Asset?
1) 10%
2) 20%
3) 30%
4) 40%
5) 25%
Answer-2
Q7. SARFAESI Act will consider cases upto a limit of-
1) 1 lakh
2) 10 lakhs
3) 20 lakhs
4) Above 20 lakhs
5) No limit
Answer-2
Q8. The first ARC in India was-
1) Edelweiss ARC
2) PARAS
3) ARCIL
4) ASREC
5) Reliance ARC ltd.
Answer-3
Q9. Any amount due to a bank under any credit facility, if not paid on time is known as-
1) NPA
2) Unsettled
3) Rest
4) Overdue
5) Unpaid
Answer-4
Q10. Which of the following could be the Presiding Officer (PO) for DRAT?
1) GM of RBI
2) Deputy Governor of RBI
3) District Court Judge
4) Supreme Court Judge
5) High Court Judge
Answer-5
