Home 9. Legal & Regulatory Aspects of Banking - JAIIB

    9. Legal & Regulatory Aspects of Banking – JAIIB

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    Welcome to your 9. Legal & Regulatory Aspects of Banking - JAIIB

    1. 
    Under SARFAESI Act, where the borrower fails to pay in full, after issue of notice for possession of security, which of the following options are not available to the bank:

    2. 
    For taking possession of the assets under provisions of SARFAESI Act, the banks can seek help of which of the following agency/institution:

    3. 
    Under Consumer Protection Act, the consumer can file complaint with a consumer court if the deficiency is not removed by the service provider. The deficiency includes (a) default (b) imperfection (c) shortcoming (d) inadequacy in quality:

    4. 
    The presiding officer of DRAT is called ______, who is appointed by _____for ______ or until he achieves age of _______:

    5. 
    Which of the following document in respect of a company is a conclusive proof of existence of a company:

    6. 
    When a suit is field by bank in DRT under RDDB Act, after receipt of the case from applicant, the court issues summons to the borrower within ___ days asking as to why the relief should not be given to the bank:

    7. 
    Under Scale of Goods Act, which of the following is not correct:

    8. 
    Bank _ B allowed a cash credit advance to a party which is guaranteed by G. Such guarantee a series of transactions is called:

    9. 
    . The doctrine of Caveat Emptor states that:

    10. 
    . (a) if one partner causes damage to a customer of the firm, all partners are liable (b) registration of firm with Registrar of Firm is optional (c) it is compulsory to make a partnership deed as a proof of partnership (d) the authority used by partners as agent of each other is called implied authority. Which of these is correct:

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