Banking and Insurance (Part 31)

(301) Which among the following, is the Authority that fixes the rate of\r\ninterest on saving bank deposits in banks?

 (1) \r\nReserve Bank of India

 (2) Ministry of Finance

 (3) Indian Banks’Association

 (4) Board of Directors of a Bank

 (5) None of the above

(302) Stock audit is compulsory in case of NPA account, if the amount\r\noutstanding is Rs._or more

 (1) \r\n5 cr

 (2) 4cr

 (3) 3 cr

 (4) 2cr

 (5) l cr

(303) What is the period of limitation for the recovery of a loan given on the\r\nbasis of a demand promissory note:

 (1) \r\nThree years

 (2) Three years from date of note

 (3) Three years from filing of suit

 (4) Three years from date of default\r\n

 (5) 1 and 4

(304) Corporate Bank files suit for recovery of its loan against the guarantor\r\nonly and not the borrower. Guarantor pleads in the court that before filing\r\nsuit against him, money should be recovered from the borrower. In such\r\ncircumstances, the bank can seek recourse in the court against:

 (1) \r\nall the liable parties together only

 (2) any one of them at a time

 (3) all separately

 (4) at its discretion it can proceed\r\nagainst any one.

 (5) at the discretion of the court

(305) What is the minimum amount outstanding in case of willful default, that\r\nthe information will be required to be sent to CIBIL:

 (1) \r\nRs.2.5 lac

 (2) Rs.10 lac

 (3) Rs.25 lac

 (4) Rs.l00 lac

 (5) none of the above

(306) In those case where the process of dissolution of a firm has started, what\r\nare the situations where the partners still have rights to bind the other\r\npartners:

 (1) \r\nTo wind up the business of firm

 (2) To complete all those\r\ntransactions which could not be completed till date of dissolution

 (3) till all the liabilities of the\r\nfirm are discharged

 (4) 1 and 2

 (5) 1 to 3

(307) What kind of an asset is goodwill as per the Indian Accounting Standards ?

 (1) \r\nintangible asset

 (2) fictitious asset

 (3) current assets

 (4) fixed asset

 (5) not an asset

(308) The report on Harmonisation of role of FIs and banks relating to universal\r\nbanking, was given by:

 (1) \r\nMS Verma

 (2) P. H Khan

 (3) B D Shah

 (4) K S Shere

 (5) Narasimham Committee

(309) Repayment capacity in case of term loan proposals is judged by the banks\r\nwith which of the following ratios :

 (1) \r\ndebt equity ratio

 (2) internal rate of return

 (3) net present value

 (4) break even analysis

 (5) debt service coverage ratio

(310) A collecting bank gets statutory protection under:

 (1) \r\nRBI Act

 (2) Banking Regulation Act

 (3) Negotiable Instruments Act

 (4) Indian Contract Act

 (5) None of the above

Answers : (301) 1 (302) 1 (303) 2 (304) 4 (305) 3  (306) 4 (307) 2 (308) 2 (309) 5 (310) 3

Labels