SOLVED JAIIB COMBINED PAPER 44:
1. What is the maximum limit of compensation the banking ombudsman may award?
a. Rs. 1 lac
b. Rs. 5 lac
c. Rs. 10 lac
d. Rs. No such limit
Ans - c
2. "Bills payable after sight" is
a. Demand Bill
b. Clean Bill
c. Usance Bill
d. None of the above
Ans - c
3. In a Bill, a person entitled to receive payment is called
a. Drawer
b. Drawee
c. Payee
d. None of the above
Ans - c
4. The limitation period for filing a suit for sale of mortgaged property form the date mortgage debt becomes due is...
a. 12 Years
b. 20 Years
c. 30 Years
d. None of the above
Ans - a
5. DRT Act is applicable only if the debt recoverable is above Rs ...........
a. Rs. 10 lakhs (only principal)
b. Rs. 10 lakhs (only interest)
c. Rs. 10 lakhs (principal+interest)
d. Any one of the above
Ans - d
6. The acceptance of recommendations of the banking ombudsman should be conveyed by the bank within ......
a. 7 days
b. 15 days
c. 21 days
d. 1 Month
Ans - d
7. Lok Adalats are organised by
a. District/State Authority
b. Supreme Court Legal Services Committee
c. High Court Legal Services Committee
d. All of these.
Ans - d
8. "Spurious goods and services" means
a. Genuine goods and services
b. Not Genuine goods and services
c. Claimed to be Genuine but not actually so
d. None of the above
Ans - c
9. Which from amongst the following is a reason for cancellation of registration of the Securitisation company and reconstruction company without giving hearing opportunity?
a. The company does not keep accounts as per RBI norms.
b. The company ceases to carry on the business of securitisation or reconstruction.
c. The company falls to hold investment from qualities investor.
d. The company does not fulfill any of the conditions imposed at the time of registration.
e. Any of the above
Ans - b
10. After the Mardia chemicals case, the government brought about an amendment stipulating the deposit amount for making an appeal under SARFAESI Act, 2002. Accordingly the amount to be deposited generally is
A.10%
B.25%
C.50%
D.75%
Ans - c
11. If a civil court has already given a decree then the recovery certificate can be issued by
A. any different court
B. at the request of any of the parties
C. DRT only
D. none
Ans - d
12. What kind of complaint can be lodged with the banking ombudsman?
a. Delay in collection of cheques
b. Deficiency in cash transaction
c. Non-issue of demand drafts
d. All the above
Ans - d
a. Rs. 1 lac
b. Rs. 5 lac
c. Rs. 10 lac
d. Rs. No such limit
Ans - c
2. "Bills payable after sight" is
a. Demand Bill
b. Clean Bill
c. Usance Bill
d. None of the above
Ans - c
3. In a Bill, a person entitled to receive payment is called
a. Drawer
b. Drawee
c. Payee
d. None of the above
Ans - c
4. The limitation period for filing a suit for sale of mortgaged property form the date mortgage debt becomes due is...
a. 12 Years
b. 20 Years
c. 30 Years
d. None of the above
Ans - a
5. DRT Act is applicable only if the debt recoverable is above Rs ...........
a. Rs. 10 lakhs (only principal)
b. Rs. 10 lakhs (only interest)
c. Rs. 10 lakhs (principal+interest)
d. Any one of the above
Ans - d
6. The acceptance of recommendations of the banking ombudsman should be conveyed by the bank within ......
a. 7 days
b. 15 days
c. 21 days
d. 1 Month
Ans - d
7. Lok Adalats are organised by
a. District/State Authority
b. Supreme Court Legal Services Committee
c. High Court Legal Services Committee
d. All of these.
Ans - d
8. "Spurious goods and services" means
a. Genuine goods and services
b. Not Genuine goods and services
c. Claimed to be Genuine but not actually so
d. None of the above
Ans - c
9. Which from amongst the following is a reason for cancellation of registration of the Securitisation company and reconstruction company without giving hearing opportunity?
a. The company does not keep accounts as per RBI norms.
b. The company ceases to carry on the business of securitisation or reconstruction.
c. The company falls to hold investment from qualities investor.
d. The company does not fulfill any of the conditions imposed at the time of registration.
e. Any of the above
Ans - b
10. After the Mardia chemicals case, the government brought about an amendment stipulating the deposit amount for making an appeal under SARFAESI Act, 2002. Accordingly the amount to be deposited generally is
A.10%
B.25%
C.50%
D.75%
Ans - c
11. If a civil court has already given a decree then the recovery certificate can be issued by
A. any different court
B. at the request of any of the parties
C. DRT only
D. none
Ans - d
12. What kind of complaint can be lodged with the banking ombudsman?
a. Delay in collection of cheques
b. Deficiency in cash transaction
c. Non-issue of demand drafts
d. All the above
Ans - d