Welcome to your 1. Legal & Regulatory Aspects of Banking - JAIIB part-4
1.
Which of the following does not match:
2.
Under provisions of SARFAESI Act, the security receipt evidences:
3.
A bank has made payment across the counter, of a cheque issued as a crossed cheque and the holder claims damages from the bank. Under such circumstances, the bank is liable:
4.
A bank makes payment of two cheques on which, later it is found that the signatures of the drawer are forged. The first account is that of a company and the 2nd account is a joint account in which signatures of one of the account holders are real.
5.
Under FEMA, the term authorized person means:
6.
Banks can issue notice for enforcement of security interest under SARFAESI Act when:
7.
X appointed Y as his agent to operate his account and route business transactions through Y’s personal account also. Y misappropriated the proceeds of a cheque in the name of X but deposited by Y in his personal of a cheque in the name of X but deposited by Y in his personal account. X sends notice to the bank for negligence and conversion
8.
Which of the following is not correct with regard to a deferred payment guarantee:
9.
Bank X gives a bank guarantee on behalf of one of its customers against some payment to be deposited by the customer in a pending court case. Such guarantee can be classified as (a) financial guarantee (b) performance guarantee (c) deferred payment guarantee (d) statutory guarantee
10.
As per FEMA 1999, the term foreign exchange does not include which of the following:
