Sale of Goods Act- 1930 “Bullet Points”

Sale of Goods Act- 1930 "Bullet Points" unpaid goods

Sale of Goods Act ·       A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in the goods to the buyer for a price( sec-4 of the Act ) ·       Where under a contract of sale, the property in the goods is transferred from the seller to the buyer, the contract

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Banking Questions Test (MCQ)- 67

GoI issues coins as per which of the following act? The Coinage Act-1906 The RBI Act  No act is required as Central Govt is issuing it The amended Coinage Act-2011 None of the above 

Q1.  Bank notes can be issued in … denominations 11 10 9 8 None of these Q2. At present how many denominations of bank notes are in circulation? 9 8 11 10 None of these Q3. Currency notes are printed in which of the following city? Nashik (Maharastra) Dewas (Madhya Pradesh) Mysore (Karnataka) Salboni (West Bengal) All of the above

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Banking Questions Test (MCQ)- 66

Q1. The Bank Balance Sheets have … schedules a.    12       b.    15       c.     13       d.    16       e.    20   Q2. From 2013 RBI has mandated banks to go for legal audit and get the title deeds and documents audited in respect of finance of Rs… and above a.    1 Cr    b.    10Cr             c.     2 Cr              d.    5 Cr              e.    None

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Banking Questions Test (MCQ)- 65

monetary policy committee

Q1. The rate at which interest is paid by RBI on the CRR balance of the Banks a.    4%     b.    Nil      c.     Bank Rate     d.    Repo Rate    e.    None of the above Q2. The Insurance Regulatory and Development Authority of India acts as the regulator for the … sector of the financial system. a.    Life insurance          b.    General Insurance  

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Banking Questions Test (MCQ)- 64

monetary policy committee

Q1. The credit policy decision is taken by a committee headed by the a.    Finance Minister b.    RBI Governor c.     Deputy Governor of RBI d.    Executive Director of RBI in charge of credit policy department e.    Finance Secretary to GoI Q2. The RBI asks for DSB returns from Banks which is a mechanism of …. surveillance by RBI. a.    Offsite

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MCLR- (Marginal Cost of Funds based Lending Rate)

Which of the following are true about NDTL? NDTL stands for Net Demand and Time Liabilities NDTL consists of the demand and time liabilities of the Bank to the public and the net demand and time liabilities to the banking system Bank’s liabilities to NABARD and other DFIS towards the amount of refinance received does not form a part    of the NDTL as these are not liabilities to the banking system All of the above

Marginal Cost of Funds based Lending Rate Ø  All rupee loans sanctioned and credit limits from 1 April 2016 will be priced with MCLR which will be the internal benchmark Ø  The MCLR will be a tenor linked internal benchmark. Ø  Actual lending rates will be determined by adding components of spread to the MCLR Ø  Bank will review and

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Banking Questions Test (MCQ)- 63

monetary policy committee

Q1. Which of the following statements is true about RBI? a.    RBI is a statutory, autonomous, independent body incorporated as per the Sec 3 of the RBI Act 1934. b.    RBI commenced its operation on 01.04.1935. c.     It was nationalized on 01.01.1949. It has a capital of Rs.5 Cr d.    RBI has its central office in Mumbai and has 28

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Banking Questions Test (MCQ)- 62

monetary policy committee

1.    Which of the following is not a qualified acceptance: a.    Accepted payable after return of my son from Chennai b.    A bill for Rs. 25000/- accepted for Rs. 18000 c.     A bill accepted payable at Allahabad Bank d.    A bill payable 15 days after sight accepted payable one month after sight 2.     A draws a bill on B payable

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Banking Questions Test (MCQ)- 61

monetary policy committee

1.     In case of bill in sets, acceptance or payment is made on a.    all copies of the bill. b.    only on original copy c.     any two copies of the bill d.    any copy                                       2.    An order inchoate instrument can be completed by a.    the drawee only b.    the drawee c.     by the holder d.    any person              3.   

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