BD EXERCISE 2

BD EXERCISE 2

University

10 Qs

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BD EXERCISE 2

BD EXERCISE 2

Assessment

Quiz

Other

University

Medium

Created by

IDA -

Used 8+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banking transaction that takes placed in a virtual ambience on the website of a banking company is termed as:

internet banking.

telephone banking.

mobile banking.

modern banking.

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The term PIN refers to Personal Information Number.

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Digital Signature Act 1997 was introduced to facilitate existing penal law and specifically deals with crimes that can be committed using computers.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most common forms of security over land are:

Indemnity.

Charge.

Hypothecation.

Pledge.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ is the bailment of goods as security for payment of a debt or performance of a promise.

Charge

Indemnity

Lien

Pledge

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The law governing the contract of guarantee is provided under:

Companies Act 2016.

Consumer Protection Act 1999.

Contracts Act 1950.

Guarantees Act 2009.

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Debentures are unsecured debt instruments that are issued by a corporation and are backed by the pledge of the corporation’s general credit.

True

False

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