Practice Banking Related Laws Questions and Answers

• What is the enforcement date of the IRDA Act, 1999?
• The Fund constituted under the IRDA Act, 1999 shall be only used for meeting_____________
•   IPC defines theft as ………..
• What are the maximum number of members to represent the interests of employees’ associations, subscribers, commerce and industry, intermediaries, and org...
• What is the objective with which the Insurance Advisory Committee is established under section 25 of the IRDA Act?
• The Insurance Advisory Committee shall consist of_______________________
• As per the provisions of the IRDA Act with respect to the tenure of office of the chairperson and other persons, no person shall hold office as a Chairpers...
• Central Government can supersede the Pension Fund Regulatory and Development Authority for a maximum period of …… for mentioned reasons.
• Which of the following is not credited to Subscriber Education and Protection Fund?
• The Insurance Regulatory and Development Authority of India shall maintain proper accounts and other relevant records and prepare an annual statement of a...
• The objects of the Insurance Advisory Committee shall be__________________
• Which of the following is the objective of the IRDA Act?
• How many sections are there in the IRDA Act?
• The Pension Fund Regulatory and Development Authority is composed of the following_______________
• Which of the following are the powers and functions of the Authority as laid down under the PFRDA Act?
• Intermediary or insurance intermediary includes______________
•   As per the IRDA Act if the Chairperson for any reason is unable to attend a meeting of the Authority, _________________ at the meeting shall preside at ...
• The Certificate of Registration of central recordkeeping agency, pension fund, point of presence, etc. is issued by _______________ as per section 27 of th...
• When a property liable to be attached is subjected to execution of decree in 2 courts the court which shall realise it first shall be_________.
• Where the Court orders service by an advertisement in a newspaper, a daily newspaper circulating in the locality in which the defendant is last known to ha...
• The first meeting of the committee of creditors shall be held within seven days of the_______________
• The amount of the dividend, including interim dividend, shall be deposited in a scheduled bank in a separate account within____________________
• When the pawnor has obtained possession of the goods pledged by him under a contract voidable under section 19 or section 19A, but the contract has not bee...
• As per the Specific Relief Act what is the time period within which a suit filed under the Act shall be disposed of by the court?
• When the pawnor has obtained possession of the goods pledged by him under a contract voidable but the contract under section 19 or section 19A has not been...
• The maxim Nemo Dat Quod Non-Habet means_____________
• Contingent agreements to do or not to do anything, if an impossible event happens, are void ____________
•   A company may issue fully paid-up bonus shares to its members out of _______________
• Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office_______
• When a compromise or arrangement is proposed between a company and its creditors or its members the Tribunal on an application of _______
• Who is a corporate guarantor as per IBC?
• Every partner of a limited liability partnership is, for the purpose of the business of the limited liability partnership________
• According to the IBC the Adjudicating Authority, in relation to insolvency resolution and liquidation for corporate persons including corporate debtors and...
• If any person contravenes or attempts to contravene or abets the contravention of the provisions of the PFRDA Act, he shall be punishable with __________
• Which of the following statements are true related to the Chairperson under the PFRDA Act?
• As per the Companies Act no company limited by shares shall issue any preference shares which are______________
• In case of a property already subjected to mortgage:
• The presiding officer in an arbitral tribunal of 3 arbitrators shall be appointed by ?
• Which of the following is role of conciliator as per Arbitration and Conciliation Act, 1996?
• A seller can be liable for product liability: