MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

Mr. G guaranteed the loan raised by Mr. Y who failed to pay. When money was demanded from Mr. G he paid the loan and asked for handing over the securities available in the loan. Which right Mr. G has used to demand the securities?

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Important Questions on Loan Policy and Loan Documentation

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 9
Which of the following meets the feature of a Deferred Payment guarantee?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 10
A firm receives raw material from abroad for processing thereof and subsequently to be re-exported after processing. What kind of guarantee shall be issued for this?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 11
Which is among the following is not correct with regard to relationship amongst a term loan and deferred payment guarantee?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 12
A loan of Rs.10 lac sanctioned by Corporate Bank to Mr. Siddiqui becomes doubtful loan and bank wants to recover it. Bank sends a notice to the borrower and also the guarantor Mr. Ram Kumar, who is having good means. In response to the notice Mr. Ram Kumar asserts that the bank should first proceed against the borrower and not him as liability arises only when the bank is unable to recover from the borrower:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 1
The Pledge is defined under section _____ of Indian Contract Act, 1872.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 2
Pledge and hypothecation are different as
(a) possession in pledge is with borrower
(b) ownership in case of hypothecation is with the bank
(c) sale in pledge can be with court permission
(d) hypothecation is defined as per SARFAESI Act.
Which of these is correct?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 3
The charge on movable assets without possession to be created is charge known as:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 4
After the conversion of hypothecation into pledge the bank will have the same right as that of: