EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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In a consortium account, the banks have different opinion to take action under SARFAESI Act.

50% studentsanswered this correctly

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 61
To take action under SARFAESI Act it is mandatory that limitation should be available.
(True/False)
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 62
Under the provisions of SARFAESI Act 2002, where the borrower contests the seizure of assets proposed for possession by the bank, whom can he approach without deposit of any amount in advance?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 63
What kind of advances out of the following are covered under the provisions SARFAESI Act 2002?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 64
What is the time period of the notice which is required to be given by a bank for sale of security after taking possession under SARFAESI Act 2002?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 65
What is the time period of the notice to be given by a bank for taking possession of a security SARFAESI Act 2002:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 66

Report on wilful defaulters is to be sent to RBI

(a) for all wilful defaulters

(b) on quarterly basis

(c) for wilful defaulters of Rs.25 lac and above

(d) on half yearly basis

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 67
Securities available with the borrower whether charged to bank or not, can be sold under SARFAESI Act.
True / False
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 68
Sale of assets can be confirmed when the buyer deposits 25% of the amount while the balance 75% can be deposited within 15 days.