Wednesday, 12 April 2017

Banking Questions Test (MCQ)- 47

1. In case of joint financing / multiple financing / consortium advances, consent of co-lenders representing ------- % in the value of outstanding dues is required.

a) 50             b) 60             c) 75             d) 90

2. It is mandatory to get the possession notice published in two leading newspapers, within … days from the date of taking possession.
a) 7    b) 15             c) 30             d) None of the above

3. Filing of Caveat is compulsory in case of the NPA accounts where …
a) Outstanding ledger balance of Rs.1 crore & above
b) Outstanding of Rs.1 lac & above
c) No ceiling on outstanding balance
d) None of the above

4. Valuation of secured assets under SARFAESI should be carried out by …
a) Any valuer
b) Board approved valuer
c) Chartered valuer
d) None of the above

5. Valuation report taken for fixation of Reserve Price is valid for …
          a) 1 year       b) 2 years     c) 3 years                d) None of the above

6. Minimum Notice period for sale of secured asset under SARFASI Act is …
a) 7 days                 b) 15 days     c) 30 days               d) None of the above

7. The Bank can sell the Secured Assets through the following modes …
a) By obtaining quotations from public    b) By inviting tenders from the public
c) By holding public auction                    d) Any of these

8. Generally … % of the Reserve price should be demanded as EMD along with the bid/tender/quotation
a) 10             b) 15             c) 25             d) None of the above

9. As per provisions of the Act, on declaring the highest bidder as successful bidder, he/ she/ they shall deposit … % of the sale proceeds (including 10% EMD amount) immediately.
          a) 10             b) 15             c) 25             d) None of the above

10. The balance 75% of sale proceeds should be deposited within … days.
a) 10             b) 15             c) 25             d) None of the above


Answer-
1
2
3
4
5
6
7
8
9
10
b
a
a
b
a
c
d
a
c
b
If anyone of you are facing any problem in any question, you could just ask in the comment box. We will try to help you according to your problem. 

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