Welcome to your 8. Legal & Regulatory Aspects of Banking - JAIIB
1.
Before sale of property after possession, under SARFAESI Act, what type of notice out of the following is required to be given (a) a 30 – days notice to the owner of the asset (b) a public notice if the sale is by public auction or inviting of tenders (c) public notice should be published in at least 2 newspapers, one of which should be vernacular (d) a notice to the registrar of Companies or registrar of assurances:
2.
DRT has passed an order and issued recovery certificate for property of the defendant which is located outside the jurisdiction of the DRT:
3.
Authentication of an electronic record by a subscriber by means of an electronic method of procedure in accordance with provisions of Section 3 of Information Technology Act, is called:
4.
Complaint can be made by a customer to Ombudsman when (a) ban rejects customer’s complaint (b) bank sends reply and customer is not satisfied (c) customer lodged complaint and bank sends no reply for one month (d) bank asks the customer to refer the matter to Ombudsman. Which of the following options is correct in the above connection:
5.
Banks are required to make payment of guaranteed amount once the guarantee is invoked by the beneficiary. There are two exception to this rule (a) case of fraud (b) special equity in favour of debtor (c) when applicant refuses to honour (d) when the beneficiary does not give the reasons for invocation and proof of bank’ liability:
6.
Actions of a partner in a partnership firm are deemed to be actions of the firm (i.e. all partners) provided the action is (which of the following is not true):
7.
Bank – B made a payment of a cheque which later on was found to be materially altered, when the cheque was examined through ultra violet lamp, bank had exercised due care whilBank – B made a payment of a cheque which later on was found to be materially altered, when the cheque was examined through ultra violet lamp, bank had exercised due care while making the payment but alternation was not visible: making the payment but alternation was not visible:
8.
The Distt. Forum under the Consumer Protection Act consists of (a) President (b) President should be qualified to be a Distt. Judge (c) two members (d) one of two memberds should be a women:
9.
If a person seeking information is not provided information within the prescribed period (normally 30 days), he can make a appeal:
10.
The person given licence to issue digital signature certificate u/s 24 of Information technology Act is called:
