If the written acknowledgement is not properly stamped:

Important Questions on Loan Policy and Loan Documentation

EASY

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 10

A bank decides to allow a term loan of Rs. 10 lac to a partnership firm with a minor admitted to the benefit. How the bank will get the documents signed, so far minor is concerned?

EASY

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 11

Rural Bank granted a loan for the purchase of a tractor in the name of Mr. Santa Singh and Banta Singh. The tractor is registered in the name of only Banta Singh. Due to non¬payment of the loan when a suit was filed Mr. Santa Singh denied his liability stating that he did not receive any consideration and the tractor is not registered in his name:

EASY

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 12

Union Bank sanctioned working capital credit limits of Rs.30 lac to an SSI unit headed by the proprietor Mr. Jaish Lal. Due to sudden program of Mr. Jaish Lal for a visit abroad, he executed a power of attorney in favour of his minor son to execute the documents, who comes to the branch for that purpose:

EASY

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 1

If a document has to be executed in different States and it attracts stamp duty as per the State Stamp Act:

MEDIUM

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 2

The documents not governed by the Indian Stamps Act 1899 (Central jurisdiction) are:

EASY

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 3

For which among the following instruments, the amount of stamp duty can be the same in different States?

EASY

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 4

Y issued two cash receipts of Rs. 900 and Rs.9000. On these the stamp duty payable is:

EASY

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 5

While getting loan documents signed, the adhesive stamps are neither cross-signed by the borrower nor they are cancelled: