Online Tests for Legal & Regulatory Aspects of Banking

Legal & Regulatory Aspects of Banking

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  • Q - 1 . An operation by which one can make risk free profits making use of the interest differentials between two places is called

    Q - 2 . When shares are issued at higher than the face value of the shares they are said to be issued at a

    Q - 3 . While calculating the value of (1+.10)3 (to the power of 3) the same can be calculated

    Q - 4 . Creditors Velocity expresses the

    Q - 5 . A Company makes a single product with a sales price of Rs.10/- and a marginal cost of Rs.6/-. Fixed Cost are Rs.60000/- p.a. In this case, Number of units at break even

    Q - 6 . If the rate of a currency A is known in terms of currency B and rate of Currency B in terms of Currency C , we can derive the rate of currency A interms of Currency C using the technique of cross currency

    Q - 7 . As per NABARD guidelines the minimum Internal Rate of Return for Agricultural Project is

    Q - 8 . Holding period of Receivables is calculated with reference to

    Q - 9 . If the partnership does not mention any method of maintaining capital account then _______ method of capital has to be used

    Q - 10 . The auctionable claim is assigned in favour of more than one assignee at different points of time. The priority of charge is determined with reference to date of

    Q - 11 . Profit and Loss Account is one of the Final Accounts prepared by a Company. What is the other one.

    Q - 12 . According to section 79A inserted by Companies Amendment Act 1999 ____ shares means equity shares issued by the company to employees or directors at a discount or for consideration other than cash for providing know how or making available right in the intellectual property rights or value addition, by whatever name called

    Q - 13 . A Bridge finance is extended for overcoming

    Q - 14 . Diversion means

    Q - 15 . The value which the bond holder gets on maturity is called

    Q - 16 . The following is a Term Liability

    Q - 17 . A firm paid Rs.16 lacs for purchase of a business with machinery worth Rs.10 lacs and other assets worth Rs.4 lacs. In this case the difference of Rs.2 lacs is treated as

    Q - 18 . Amount of Investment under Securities held to maturity should not exceed --------- of Bank s total investment

    Q - 19 . A credit facility will be classified as NPA if_____remains past due for one quarter

    Q - 20 . Assignment of LIC policy is done as per section& & of & & . Act

    Q - 21 . The formation of a company is governed by the rules and regulations as contained in

    Q - 22 . EEFC can be opened in

    Q - 23 . For determining the advance amount the shares will be valued on the basis of

    Q - 24 . In case of Direct quotation if the forward rate is more than spot rate the base currency is called as being at -----

    Q - 25 . The form of Balance sheet and Profit and loss account of a Banking Company is prescribed in forms A and B of _______ schedule of the Banking Regulation Act 1949

    Q - 26 . The discount rate which equals the present value of promised flow to the current market price /purchase price. This is known as

    Q - 27 . Who cannot file a complaint under Consumer Protection Act?

    Q - 28 . The following is not usually classified as Other Non Current Assets

    Q - 29 . A Customer Service Meet should be organized at every Branch

    Q - 30 . Schedule VI of the Companies Act prescribes the form of

    Q - 31 . If the forward rate is less than the spot rate the base currency is said to be at

    Q - 32 . Government Promissory notes should be sent to public debt office to confirm genuiness of

    Q - 33 . A scheme under which the company grants option (A right but not an obligation ) to an employee to apply for shares of the company at a pre determined price is known as

    Q - 34 . The State Govt. wants to seize the goods pledged to bank as the borrower has defaulted in payment of tax. In this case,

    Q - 35 . As per the Second method of lending the borrowers contribution from long term source

    Q - 36 . Investment in Shares of other companies can be classified as Current Asset only when the shares are

    Q - 37 . As per SEBI guidelines , any entity /person engaged in the marketing and selling of mutual funds products is required to pass a certification test and obtain a registration number from case of

    Q - 38 . Interest charged in advance accounts as per RBI directive can not be subject to scrutiny by court. This is provided in

    Q - 39 . As per RBI guidelines, a bank is required to assess the working capital on the basis of the following method

    Q - 40 . The long term use is 120% of long term source. This indicates the unit has

    Q - 41 . A method of calculating depreciation of an asset , which assumes that the asset will lose an equal amount of value each year is known as

    Q - 42 . A company has a networth of Rs.5 lacs. Term liability Rs.10 lacs, Fixed Asset of Rs.16 lacs and Current Asset Rs.25 lacs. There is no intangible asset or ONCA. It's net working capital is

    Q - 43 . A unit is showing a net profit of Rs.46,000/-. Dividend received Rs.8000/-. Operating expenses is Rs.96000/-. Find the gross profit

    Q - 44 . The balance sheet represents an expansion of the equation as Assets = Liabilities +Capital This statement is

    Q - 45 . Issue of shares at a discount should be authorized by the members by passing a resolution in the general meeting and resolution of members should specify the rate of discount which should not exceed 10% of the face value of the shares Further this is subject to

    Q - 46 . A person who owes money to a firm , mostly on account of credit sales of goods is called

    Q - 47 . An Annuity is an ordinary Annuity if,

    Q - 48 . Banking Ombudsman is appointed by

    Q - 49 . What is the minimum period to be allowed to drawee to decide on acceptance / rejections of a usance bill

    Q - 50 . The amount which the owner of the business has invested in the firm and can claim from the firm is known as ___________

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