EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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In case documents have been executed outside India, the documents must be presented for registration before the Registrar of Assurances, after their receipt in India, within:

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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 9
If the written acknowledgement is not properly stamped:
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: