Question
A contract is entered into under duress where one party
threatened the other with loss of business if the agreement wasn't signed. The other party signs under pressure. Which doctrine applies?Solution
Coercion involves threats to compel a contract, making it voidable under Indian Contract Act.
Which of the following statements about life insurance in India is/are incorrect?
1) The Life Insurance Corporation of India (LIC) was establi...
Loans up to how much amount are allowed for repairing damaged dwelling units in metropolitan centres?
According to the RBI's circular on unclaimed deposits, which section of the Banking Regulation Act, 1949 gives the RBI authority to issue instructions o...
In preparing financial statements in accordance with the Schedule III of the Companies Act 2013, it is crucial to correctly classify various items to en...
Name the risk which arises when bank’s image is not good and that leads to public’s loss of confidence in the bank.
Which of the following would have the primary responsibility of understanding the risks run by the bank and ensuring that the risks are appropriately ma...
Who has been appointed to the 'Committee of Advisors' of Abhyudaya Cooperative Bank by the Reserve Bank of India (RBI)?
Integrated Ombudsman Scheme amalgamates three ombudsman schemes of RBI - banking ombudsman scheme of 2006, ombudsman scheme for NBFCs of 2018 and ombuds...
What is the cognitive component of attitudes?
Which of the following banks will not carry any credit risk?
