N. S. Toor Solutions for Chapter: Loan Policy and Loan Documentation, Exercise 16: TEST YOUR SELF

Author:N. S. Toor

N. S. Toor General Knowledge/General Awareness Solutions for Exercise - N. S. Toor Solutions for Chapter: Loan Policy and Loan Documentation, Exercise 16: TEST YOUR SELF

Attempt the practice questions on Chapter 2: Loan Policy and Loan Documentation, Exercise 16: TEST YOUR SELF with hints and solutions to strengthen your understanding. Hand Book Of Banking Information solutions are prepared by Experienced Embibe Experts.

Questions from N. S. Toor Solutions for Chapter: Loan Policy and Loan Documentation, Exercise 16: TEST YOUR SELF with Hints & Solutions

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT

As a pledgee, the bank has got the following rights, as per the Indian Contract Act:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

Where the goods under pledge are in the possession of the bank and possession is demanded by the Govt. for recovery of tax:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

A trust receipt is:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

Hypothecation is defined in:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

The bailee in case of pledge of goods is known as _____ under the provisions of Section 172 of the Indian Contract Act:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

A bank sold shares pledged with it under an agreement that the bank can sell the shares without notice to the pledge. One of  the High Courts held the sale invalid because:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

On which of the following, the charge hypothecation cannot be created:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

When a loan is given by a bank on the security of railway receipt (RR) or goods receipt (GA) issued by a transport company, which type of charge is created?