Question
In the context of 'Charges on Securities', consider
these statements: 1. In a Pledge, the bank has the right to sell the goods without a court order after giving due notice. 2. In Hypothecation, the bank is the constructive possessor of the goods. 3. Mortgage is a charge created specifically on movable property. Which of the statements above is/are correct?ÂSolution
Statement 3 is incorrect. A Mortgage is a charge created on immovable property (like land or buildings). Charges on movable property include Pledge, Hypothecation, and Lien.
What is 'Countercyclical Capital Buffer' (CCyB)?Â
What initiative was launched by SIDBI in 2018 to track the current state and expected outlook on the MSME sector?
Regarding the External Benchmark Lending Rate (EBLR) framework, consider the following statements:
1. Banks are free to choose any external bench...
In the context of Asset Reconstruction Companies (ARCs), what does 'SR' stand for?Â
Regarding the 'Right of Set-off', evaluate the following statements:
1. It allows a bank to combine two accounts of the same customer to recover ...
Regarding the Statutory Liquidity Ratio (SLR), consider these statements:
1. SLR is maintained to ensure that banks have liquid assets to meet un...
Regarding 'Prompt Corrective Action' (PCA) framework:
1. PCA applies to both Public and Private sector banks.
2. It is triggered if the Ne...
Under the Insolvency and Bankruptcy Code (IBC), what is the maximum time limit (including extensions) for completing the Corporate Insolvency Resolution...
What is the upper limit of the guarantee cover under the CGTMSE scheme for micro and small enterprises ?
Regarding the SARFAESI Act, 2002, consider these statements:
1. It allows banks to auction properties without the intervention of a court.
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