Home Mock Test JAIIB Mock Test PPB Mock Test-06 Mock TestJAIIB Mock Test By gyanedu15 March 22, 2021 12 0 JAIIB PPB Mock Test-07 gyanedu15 - April 11, 2021 0 View Post JAIIB Mock Test PPB Mock Test-06 gyanedu15 - March 22, 2021 0 View Post JAIIB Case Laws on Responsibility of Paying Bank (Legal Unit-06 gyanedu15 - March 7, 2021 0 Case Laws on Responsibility of Paying Bank In India negotiable instrument play important role in making payment . View Post Bank Promotions Current Affairs for Bank Promotion gyanedu15 - February 28, 2021 0 Current affairs play important in bank Promotion Exam. Agreements News 3. AU Small Finance, ICICI Pru... View Post JAIIB Public Sector Banks and Cooperative Banks ( Legal Unit-05) gyanedu15 - February 28, 2021 0 Public Sector Banks and Cooperative Banks The public sector banks, namely, SBI, the Nationalised banks and the regional... View Post Welcome to your PPB Mock Test-06 01. A saving bank customer of Modern Bank issues a chaque of Rs.1500 in favour of M/s swastic Enterprises or order. The cheque is paid by the bank on presentation through clearing with endorsement from the payee as ‘Svastika Enterprises’. The endorsement is also confirmed by the collecting bank. The drawer claims that the payment has not been made in due course and claims refund of the amounta. This is a payment on the guarantee by the collecting bank due to which paying bank’s position is safeb. The cheque is of a small amount,. Hence the bank should refund the moneyc. If customer is valuable, the customer’s request should be acceptedd. Endorsement is irregular due to which the paying bank is not protected under the provisions of Section 85 of NI Acte. All the above 02. A banking company fails to produce books, accounts and documents which it is bound to furnish under the provisions of RBI Act, what is the penalty as per Banking Law Amendment Act 2012a. It can be fined up to Rs.200000b. It can be fined up to Rs.5000c. If offence continues additional fine could be Rs.50000d. A and ce. B and c 03. When a chairman of managing director is removed from his post, he ceases to be a director and cannot be appointed as director during the next ______yearsa. 2 yearsb. 3 yearsc. 4 yearsd. 5 yearse. 8 years 04. What %age of directors in a bank should have specialized knowledgea. 10%b. 24%c. 40%d. 51%e. 75% 05. Your customer issues a cheque for Rs.10000 in discharge of his liability towards Mr. Shayam Prasad or order, who endorses the same in favour of Mr. Sita Ram In blank. This chequea. Cannot be endorsed further as the blank endorsement restricts further negotiationb. Can be negotiated by Mr. Sita Ram without endorsement by him and by the mere deliveryc. Can be negotiated further by Mr. Sita ram full endorsement by him followed be deliveryd. Can be endorsed by him in blank onlye. None of the above 06. A is holder of a cheque who endorses sans recourse to B and B to c and C to D who endorses it to E. cheque is dishonoreda. E can claim from B,C and Db. E cannot claim from any onec. E can claim from alld. E can claim from Ae. A And c 07. Where a bank is prohibited to accept the deposit despite prohibition for not accepting the depositing the deposits, what is the punishmenta. Fine to extent of 20% of the amount of deposit, so acceptedb. Fine to extent of 50% of the amount of deposit, so acceptedc. Fine to extent of 100% of the amount of deposit, so acceptedd. Fine to extent of 200% of the amount of deposit, so acceptede. Deposit has to be returned back 08. What is the requirement u/s 25 of b R Act, to be fulfilled by the banks in Indiaa. Banks are to maintain 75% of the demand and time liabilities as assets in Indiab. These assets would be there as on last Friday of each quarterc. If such Friday is holiday, the preceding working day would be deemed to the relevant dayd. Quarter for the above purpose is of 3 monthse. All the above 09. A cheque of Rs.10000 issued by Ram Chander, one of your account holders, in favour of Shivaji is stolen by one Radhey Shyam who forges Shivaji’s signatures and endorses it in favour of Ganeshi lal, who obtain the payment from the bank. In this situation what would be bank’s positiona. Bank will be liable for the forgeryb. Bank will be liable only if the drawer proves that the instrument is forgedc. Bank will not be liable if Ganeshi Lal agrees to refund the amountd. Bank will get protection available to it under Section 85(1) NI Act and will not be liable for the payment made 10. Which of the following is not a correct statement ?a. Only scheduled banks are to maintain cash reserve u/s 42 of RBI Actb. Non- scheduled banks are to maintain cash reserve u/s 18 or B R Actc. Additional cash reserve can be prescribed to be kept by Central Govt.d. Interest is required to paid by RBI on cash balances maintained with it u/s 24 of B R Acte. Banking companies are required to maintain reserve fund u/s 17 of B R Act Time is Up! TagsPPB Mock Test-03PPB Mock Test-04ppb mock test-05PPB Mock Test-06 Share Facebook Twitter Pinterest WhatsApp Previous articleCase Laws on Responsibility of Paying Bank (Legal Unit-06Next articlePPB Mock Test-07 LEAVE A REPLY Cancel reply Please enter your comment! Please enter your name here You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment. Hot Topics JAIIBgyanedu15 - April 11, 20210PPB Mock Test-07 Read more JAIIB Mock Testgyanedu15 - March 22, 20210PPB Mock Test-06 Read more JAIIBgyanedu15 - March 7, 20210Case Laws on Responsibility of Paying Bank (Legal Unit-06 Case Laws on Responsibility of Paying Bank In India negotiable instrument play important role in making payment . 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