McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 151. |
The Short-Term Crop Loan given to Farmers are generally for a period of _____? |
| A. | 3 months |
| B. | 6 months |
| C. | 9 months |
| D. | 12 months |
| Answer» D. 12 months | |
| 152. |
Which of the following is a borrowing facility/loan advance _____? |
| A. | Term finance |
| B. | Performance guarantee |
| C. | Bill received under letter of credit |
| D. | All the above |
| Answer» A. Term finance | |
| 153. |
Pledge of advance is made against ______? |
| A. | Gold |
| B. | Commodities |
| C. | Coins and notes |
| D. | All the above |
| Answer» B. Commodities | |
| 154. |
Which of the following are covered under pledge? |
| A. | Actual delivery of the goods |
| B. | Factory type pledge |
| C. | Constructive delivery of the goods |
| D. | All the above |
| Answer» D. All the above | |
| 155. |
What is the minimum period of medium and long-term loans? |
| A. | 12 months |
| B. | 18 months |
| C. | 24 months |
| D. | 36 months |
| Answer» B. 18 months | |
| 156. |
The most risky charge from a banker’s point of view is ______? |
| A. | Pledge |
| B. | Hypothecation |
| C. | Mortgage |
| D. | Lien |
| Answer» B. Hypothecation | |
| 157. |
An equitable mortgage can be created in respect of _______? |
| A. | Government securities |
| B. | Real estate |
| C. | Wheat in a godown |
| D. | Life Policies |
| Answer» B. Real estate | |
| 158. |
A charge where there is neither the transfer of ownership nor the possession is called ______? |
| A. | Hypothecation |
| B. | Lien |
| C. | Pledge |
| D. | Mortgage |
| Answer» A. Hypothecation | |
| 159. |
The liability of the mortgager is gradually reduced in the case of _______? |
| A. | Equitable mortgage |
| B. | Legal mortgage |
| C. | Usufructuary mortgage |
| D. | Conditional mortgage |
| Answer» C. Usufructuary mortgage | |
| 160. |
These days Banks are offering Loans against Property? Under which business segment, this activity may be categorized? |
| A. | Corporate Banking |
| B. | Personal Banking |
| C. | Merchant Banking |
| D. | Portfolio Management services |
| Answer» D. Portfolio Management services | |
| 161. |
What do we mean by “ECB” in financial terms? |
| A. | Essential Commercial Borrowings |
| B. | Essential Credit & Borrowings |
| C. | External Credit & Business |
| D. | External Commercial Borrowings |
| Answer» D. External Commercial Borrowings | |
| 162. |
Which of the following is a document of the title to the goods? |
| A. | Bill of entry |
| B. | Letter of credit |
| C. | Bill of lading |
| D. | Certificate of origin |
| Answer» C. Bill of lading | |
| 163. |
What is an impersonal Collateral security? |
| A. | Security in the shape of intangible. |
| B. | Collateral security given by third party. |
| C. | Guarantee provided for securing the death. |
| D. | Collateral security given by the borrower but in the shape of goodwill and trademark. |
| Answer» B. Collateral security given by third party. | |
| 164. |
Unstamped document cannot be rectified in case of……….. |
| A. | Mortgage deed |
| B. | Sale deed |
| C. | partition deed |
| D. | none of the above |
| Answer» D. none of the above | |
| 165. |
Delay, unpredictability and cost are considered as three main enemies of efficient administration of justice. |
| A. | yes |
| B. | no |
| C. | cannot be said |
| D. | none |
| Answer» A. yes | |
| 166. |
The litigants are always interested in substantive justice and not procedural justice. |
| A. | true |
| B. | false |
| C. | none |
| D. | none |
| Answer» A. true | |
| 167. |
Indian ADR system is based on the Common law system |
| A. | False |
| B. | True |
| C. | none |
| D. | none |
| Answer» B. True | |
| 168. |
ADR techniques include arbitration, conciliation, mediation and negotiation. |
| A. | yes |
| B. | no |
| C. | none |
| D. | none |
| Answer» C. none | |
| 169. |
Arbitration can be ad-hoc, contractual, institutional or statutory. |
| A. | yes |
| B. | no |
| C. | none |
| D. | none |
| Answer» A. yes | |
| 170. |
In a contractual arbitration the jurisdiction of courts can be completely ousted under 1996 Act. |
| A. | No |
| B. | yes, statutory provisions can be ousted |
| C. | yes, it can be partially ousted |
| D. | Yes it can be ousted, but for enforcing the award interference of court is needed |
| Answer» C. yes, it can be partially ousted | |
| 171. |
Conciliation is a private, informal process in which a neutral third person helps disputing parties to reach an agreement. |
| A. | True |
| B. | partially true |
| C. | true up to the extent that a neutral third person helps disputing parties to reach an agreement |
| D. | none |
| Answer» A. True | |
| 172. |
Conciliator would independently investigate into the dispute and draft his report indicating the method of settlement of disputes. |
| A. | True |
| B. | False |
| C. | none |
| D. | none |
| Answer» A. True | |
| 173. |
Mediation can be termed as assisted negotiation. |
| A. | No |
| B. | Yes |
| C. | yes and the mediator plays the role of a facilitator in attaining cooperation between the parties to the dispute |
| D. | none |
| Answer» C. yes and the mediator plays the role of a facilitator in attaining cooperation between the parties to the dispute | |
| 174. |
Bargaining is a common feature of the negotiation process. |
| A. | The negotiation process provides the parties an opportunity to exchange ideas, identify the irritant points of differences, find a solution, and get commitment from each other to reach an agreement. |
| B. | Even if a third party negotiator is involved in the process of negotiation, his role would be limited to inducing the parties to the process of negotiation. |
| C. | Mediators would have higher level of involvement in the settlement of disputes when compared to that of negotiators. |
| D. | All are true |
| Answer» D. All are true | |
| 175. |
Lok Adalats have been given the powers of a civil court under the Code Civil Procedure. |
| A. | Yes |
| B. | No |
| C. | yes, but with limited jurisdiction |
| D. | none |
| Answer» C. yes, but with limited jurisdiction | |
| 176. |
The award made by the Lok Adalat is deemed to be a decree of the civil court like arbitration Award. |
| A. | No |
| B. | Yes |
| C. | none |
| D. | none |
| Answer» B. Yes | |
| 177. |
Section 75 of the Arbitration and Conciliation Act 1996 specifically provides for the confidentiality of all matters relating to the proceedings. |
| A. | False |
| B. | true |
| C. | Parties can inspect the records like court proceeding |
| D. | none |
| Answer» B. true | |
| 178. |
“Court procedure is justice-oriented, whereas ADR’s merit also lies in the fact that the process is participatory and solution-oriented”. |
| A. | Yes |
| B. | No |
| C. | There exist doubt on the given proposition |
| D. | none |
| Answer» A. Yes | |
| 179. |
In Shakuntla Sawhney v. Kaushalaya Sawhney,[(1979) 3 SCR 232]the Supreme Court has observed that “Finest hour of justice is the hour of compromise when parties after burying the hatchet, re-unite by a reasonable and just compromise” Whether this principle has been reflected in the ADR procedures mentioned in the Arbitration and Conciliation Act 1996? |
| A. | Yes |
| B. | No the above principle has nothing to do with Arbitration and Conciliation Act 199 |
| C. | The above principle has been formulated for CPC and not for Arbitration and Conciliation Act 1996 |
| D. | none |
| Answer» A. Yes | |
| 180. |
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: |
| A. | 21st Day of June 2002 |
| B. | 30th Day of May 2002 |
| C. | 21st Day of July 2002 |
| D. | 21st Day of April 2002 |
| Answer» A. 21st Day of June 2002 | |
| 181. |
. Reserve Bank has the power under __________ of the Securitisation Act to cancel the Certificate of Registration issued by it to any ARC: |
| A. | Section 5 |
| B. | Section 8 |
| C. | Section 4 |
| D. | Section 12 |
| Answer» C. Section 4 | |
| 182. |
The Three Stages of Money Laundering are: |
| A. | Layering, Placement, Refining |
| B. | Placement, Refining, Integration |
| C. | Layering, Placement, Integration |
| D. | Layering, Refining, Integration |
| Answer» C. Layering, Placement, Integration | |
| 183. |
Who shall be responsible for furnishing information on modification and satisfaction of security interest: |
| A. | Asset Reconstruction Company or secured creditor |
| B. | Only secured creditor |
| C. | Only the asset reconstruction company |
| D. | Borrower or secured creditor |
| Answer» A. Asset Reconstruction Company or secured creditor | |
| 184. |
Before which for a can an asset reconstruction company file an application for enforcement of its security interest: |
| A. | Debt Recovery Tribunal |
| B. | High Court |
| C. | District Court |
| D. | National Company Law Tribunal |
| Answer» A. Debt Recovery Tribunal | |
| 185. |
Which of the following is the usage of shell companies? |
| A. | To create the appearance of legitimate transaction through false invoice and financial statements. |
| B. | To take loan against securities acquired from black money and paying tax on profit. |
| C. | Both (i) and (ii) |
| D. | None of the above |
| Answer» C. Both (i) and (ii) | |
| 186. |
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? |
| A. | One rupee for every Rs.100 or part thereof. |
| B. | One rupee for every Rs.1000 or part thereof. |
| C. | It shall be exempted from stamp duty. |
| D. | It depends from State to State. |
| Answer» C. It shall be exempted from stamp duty. | |
| 187. |
An Example of smurfing: |
| A. | Wiring money to the foreign country |
| B. | A drug dealer asking a stranger to buy a money order with drug money. |
| C. | A broker buying pesos with US Dollars |
| D. | None of the above. |
| Answer» A. Wiring money to the foreign country | |
| 188. |
Which of the following is not a security interest: |
| A. | Any mortgage, charge, hypothecation, assignment or any right, title or interest of any kind, on tangible asset, retained by the secured creditor as an owner of the property, given on hire or financial lease or conditional sale or under any other contract. |
| B. | Such right, title or interest in any intangible asset or assignment or license of such intangible asset which secures the obligation to pay any unpaid portion of the purchase price of the intangible asset or the obligation incurred or any credit provided to enable the borrower to acquire the intangible asset or license of intangible asset |
| C. | A lien on any goods, money or security given by or under the Indian Contracts Act, 1872 or the Sale of Goods Act, 1930 or any other law for the time being in force |
| D. | Lien of goods, pledge of movables, security interest of less than Rs. One Lakh |
| Answer» C. A lien on any goods, money or security given by or under the Indian Contracts Act, 1872 or the Sale of Goods Act, 1930 or any other law for the time being in force | |
| 189. |
An actuary is expected to: |
| A. | Make an exact forecast of the future liabilities of policies |
| B. | Make a reasonable forecast of the future liabilities of policies |
| C. | Calculate the premium required to cover a risk on a long-term basis |
| D. | Find the probability of an insured event to happen in non-life policies |
| Answer» B. Make a reasonable forecast of the future liabilities of policies | |
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