SARFAESI Act and IBC Overview

In case of consortium or multiple lending arrangements, consent of at least _% of lenders is required for initiating action under SARFAESI.

After issuing a demand notice U/s 13(2) of SARFAESI, if the borrower objects, the Authorized Officer shall reply within _ days.

Procedure for the secured creditor to take possession of secured assets is given in section _ of the SARFAESI Act.

As per Rule 8(2) of SARFAESI Act, the possession notice should be published in 2 leading newspapers within _ days.

After taking possession of secured asset U/s 13(4) of the SARFAESI Act, the authorized officer shall serve to the borrower a notice of _ for ______ of the secured assets.

Under IBC, the insolvency resolution process of a proprietorship firm is dealt by _.

The minimum amount of default for insolvency proceedings of corporate debtors is _ or more.

Home buyers can file an application for corporate insolvency resolution process jointly by not less than _ number of such allottees.

Under IBC, the moratorium period declared by NCLT is _ days.

As per IBC provisions, the first meeting of the committee of creditors shall be held within a period of _ days.

Retail exposures categorized under Regulatory Retail Portfolio should include aggregate retail exposure to a counterparty not exceeding Rs. _ crores.

As per the co-lending model of loans, the minimum percentage share of individual loans to be taken by NBFC/ HFC is _.

Which of the following insurance companies are not identified as Domestic Systemically Important Insurers (D-SIIs)?

In borrowers where exposure of the banking system is less than _ crore, banks may open current accounts with an undertaking.

The Head Quarter of the Financial Action Task Force (FATF) is located at _.

The act that gives the right to RBI to transact Government business in India is _.

The maximum denomination of coins that can be issued is _.

Protection to paying banker against forged endorsement in bearer cheques is provided in which section of NI Act?

A promissory note payable after a certain pre-decided period is called a _.

Demand promissory notes payable to bearer cannot be issued by anybody except _ and _ as they are considered as currency notes.

Which of the following is not a foreign bill?

What will be the due date of a bill dated 15.02.2008, payable two months after sight and accepted on 20.02.2008?

The relationship between a bank and customer when the bank purchases a cheque from the customer is _.

Declaration from customer not to create further encumbrance over securities charged in favor of the bank is termed as _.

In which of the following cases must a garnishee order be applied by the bank upon receipt?

Which of the following does not apply to both garnishee orders and income tax attachment orders?

Nomination is allowed in which of the following accounts?

Hindi was accepted as the official language of India on _.

Settlement of deceased claims should be made within a period of _ days from the date of receipt of application.

An account operated by A, B, and C jointly allows any of them to give stop payment instructions on cheques issued jointly by them. Who can do it?

Whose signature is required for premature payment of a fixed deposit with operating instruction either or survivor when one of the account holders dies?

In which of the following cases can there be more than one nominee?

Soiled notes presented in small numbers up to _ pieces can be exchanged over the counter by banks, free of charge.

For cases of detection of counterfeit notes of _ or more pieces, banks should report them to police authorities.

Banks should ensure that cash receipts in denominations of _ and above are not circulated without authenticity checks.

What is the penalty levied by RBI to banks for shortages in soiled note remittances for notes up to denomination of Rs. 50/-?

Refusal by any bank branch to exchange soiled notes will attract a penalty of Rs. _ at first instance.

As per KYC guidelines, utility bills that are not more than _ months old can be accepted as proof of address.

A small account shall remain operational initially for a period of _ months.

In case of NRO accounts opened for foreign students, foreign remittances of up to USD _ or equivalent are permissible until address verification.

Banks shall collect third-party account payee cheques not exceeding _ to the account of their cooperative credit society customers.

A customer can approach the Banking Ombudsman within a period of _ if no reply is received within the stipulated time.

What is the maximum award that can be passed by the Banking Ombudsman?

What is the maximum insurance coverage for customer deposits in a bank under DICGC?

A PPF account shall be opened with a minimum deposit of Rs. _ and in multiples of Rs. _ up to a maximum of Rs. _ in a year.

Retired personnel of Defence Services may open Senior Citizens Deposit Scheme account on attaining age of _ years.

The Head Quarter of AU Small Finance Bank is located at _.

In case of unauthorized digital transactions, the customer should notify the bank within a maximum period of _ working days.

What is the present policy rate corridor gap?

SARFAESI Act Consortium Consent

SARFAESI Demand Notice Objection Reply Time

SARFAESI Asset Possession Section

SARFAESI Publication of Possession Notice

SARFAESI Post-Possession Notice

IBC Proprietorship Insolvency

IBC Corporate Debt Minimum Default

IBC Real Estate Allottee Application Threshold

IBC Moratorium Period

IBC Committee of Creditors First Meeting

Regulatory Retail Portfolio Risk Weight

Co-lending NBFC Minimum Share

Non-D-SII Insurance Company

Low-Exposure Current Account Requirement

FATF Headquarters