Professional Documents
Culture Documents
Jaiib Dbflegalregaspofbank Nov08
Jaiib Dbflegalregaspofbank Nov08
43.. Any office, sub-office, pay-office, subpay office and any place at which deposits
are received, cheques enchased or
moneys lent is known as
a.. Place of Banking
b.. Place of Business
c.. Branch of a Bank
d.. Place of a Bank
125..Banking Ombudsman is
a.. Discontinued and a new company has
been set up.
b.. Not applicable to delays in receipt of
export proceeds
c.. Applicable to adherence to prescribed
working hours by branches.
d.. All the above are not True.
157..T has issued a cheque favouring M for Rs.789/The cheque has been otherwise in order and the
account has enough balance. M is having account with
BS bank and T is the account holder of JJ bank.
169..
170.. A Court order has come and the bank has to make
the payment of Rs.2200/- to the court. Next day a
cheque issued by the drawer for Rs.2828/- has come
and at that time the bank had only Rs.1587/- (in view of
the payment made to the court the previous day). The
bank has to return the cheque for Rs.2828/- to the
collecting banker with the reason
a.. Funds insufficient
b.. Refer to Drawer
c.. Attachment by Court
d.. None of these
171..Bank SI has paid the cheque for which the drawer has
requested for a stop payment. The bank had duly
acknowledged the letter seeking stop payment. However
honored the cheque in question. The bank defended
their action quoting the acknowledgement in which it has
been clearly mentioned that on account of beyond
control of the bank if anything happens the bank cannot
be held responsible.
a.. The drawer would not get the protection
b.. The drawee would get the protection
c.. The customer would have to be compensated by the
bank
d.. The banks stand would be supported
185.. A banker
a.. Cannot be a paying as well as collecting
banker
b.. Can only be a paying banker
c.. Can be a paying as well as collecting
banker
d.. Can only be a collecting banker
218..Types of LC include
Revocable / Irrevocable credit
Confirmed credit
With / without recourse credit
Back to back credit
Revolving credit
Anticipatory credit
250.. (1) The sale is ostensible and not real. (2) The
mortgagee has the right to receive rent on the property
mortgaged (3) Mortgage is put through in a Notified area
(4) Private Sale possible- Identify the mortgages
a.. Simple Mortgage/ English Mortgage/ Equitable
Mortgage/ Anomalous Mortgage
b.. Mortgage by way of Conditional Sale/ Usufructuary
Mortgage / Equitable Mortgage / English Mortgage
c.. Registered Mortgage / English Mortgage / Mortgage by
way of Deposit of Title Deeds / Simple Mortgage
d.. Mortgage by way of Conditional Sale / Equitable
Mortgage / Usufructuary Mortgage / Anomalous
Mortgage
295..Bank DD has advanced to HIJ (P) Ltd company. The bank has the
security of stock (hypothecation) Fixed deposit( Pledge) Vehicle
(hypothecation) and Building (Mortgage). All belongs to the
company. Charge registration in favor of the bank where ever
applicable, already done. The company goes into liquidation and the
Official liquidator demands the Fixed deposit (since not registered)
from the bank while taking charge of the companys assets for pro
rata distribution.
a.. Bank to close the term deposit and issue a demand draft in favor of
the Official Liquidator.
b.. Bank need not adhere to the request of the Official Liquidator
c.. Bank can adjust the liability of the company by adjusting the Fixed
deposit receipt
d.. Still the banker will be considered only as a secured creditor and the
request of the official liquidator will not be tenable, in addition to