MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

What is minimum amount of capital that an Asset Reconstruction Company (ARC) should have as per RBI directives?

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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 58
Which of the following is not correct in case of an ARC?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 59
If 3 borrower wants to approach DRT against possession notice received from bank under SARFAESI Act, it can do so within:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 2 - Loan Policy and Loan Documentation>TEST YOUR SELF>Q 60
In a consortium account, the banks have different opinion to take action under SARFAESI Act.
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: