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IDBI-B11-BOB-LU2

Authored by C S Venkataraman

Other

1st Grade

Used 18+ times

IDBI-B11-BOB-LU2
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33 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Maximum number of partners in a Partnership firm is.......

50

100

200

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

While opening an account in the name of partnership firm,one of the following documents must be obtained.

Memorandum of Association

Board Resolution

Partnership Deed

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a LLP account the liability of the individual partners is..............

Unlimited

Limited to the extent of amount drawn by them from the partnership

Limited to the extent of their contribution

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The members in a HUF are called as .........

Coparcenors

Kartha

Family member

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An Illiterate customer has opened a SB account with your branch and requests for issue of a cheque book. You will....

Agree

You will decline

You will agree if accompanied by a guarantee from another account holder

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mandate gets terminated when.........

there is no credit balance available in the account

the mandate holder does not operate the account

the mandate giver passes away/becomes insane/revokes the mandate

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A Fixed deposit account is in the name of A & B & C operated on Anyone or Survivor Basis. A approaches you to pre-close the same. How will you respond?

Signature of all 3 required

Can be closed with signature of A

Can be closed only with the signature of B or C alone

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