As per the provisions of which act all financial institutions have to maintain a record for all form of transactions?

Related MCQs

• When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as _____________________.
• Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act popularly known as SARFAESI Act was enacted in which of the following year:
• Banks are required to maintain SLR under which act?
• When a financial institution sells a mortgage with recourse, the financial institution retains a credit risk liability in the event the buyer returns the mortgage.
• Which of the following is/are true about the Negotiable Instruments Act, the Promissory Note is … A) Definition of Promissory Note is given in section 8 of the Negotiable Instrument Act B) Containing an unconditional undertaking C) To pay a certain sum of money only to a specific person or the bearer D) The seller is bound to accept the promissory note E) A document was written and signed by the payer/maker
• Section 75 of the Arbitration and Conciliation Act 1996 specifically provides for the confidentiality of all matters relating to the proceedings.
• What do we mean by “ECB” in financial terms?
• As part of a mortgage agreement, a financial institution places a lien on the property until the loan is paid in full.
• What is the stamp duty to be paid in respect of any document executed by any banker financial institution for issuing a debenture or bond?
• The paying banker is expected to pay the cheque to the genuine payee as per the direction of the drawer.