Bank of Baroda-MSME-Documentation

The most risky charge from a banker’s point of view is ______?

• Pledge

• Hypothecation

• Assignment

What is a Red Flagged Account?

• An account marked red in the

  system

• suspected fraudulent activity

  triggered by Early warning Signal

• Account coming under CVC focus.

Legal audit is to be conducted once in every ......... years./months

• twelve

• two

• three

An interest or lien created on the property or assets of a company or any of its undertakings or both

as security is known as.........

• Hypothecation

• Charge

• Debt

Loan documents in respect of sanctions of Rs.........lakhs and above is to be vetted by Internal auditor or

Credit officer from a nearby branch of the Bank.

• 50

• 40

• 20

Borrower is a left hander by birth and signs the documents with his left hand. How will you safe guard

Bank's interest?

• Accept it as matter of routine

• Do not accept execution of

  documents left

  hand

• Record in a separate sheet, duly

  witnessed and keep with the

  executed documents

The rights and remedies for the borrower against the Bank is enshrined in...........

• Customer grevience cell

• BCSBI code of service

• Fair Practices Code of RBI

Banks obtain various documents from their borrowers. This can not be used for one of the following

purposes. Identify.

• acknowledge the debt of the

  Borrower

• For determining his antecedents

• identify the borrower in case of

  filing suit

From the following identify the asset against which you can create an equitable mortgage.

• Government securities

• Life policies

• Real estate

A charge where there is neither the transfer of ownership nor the possession is called ______?

• Hypothecation

• Pledge

• Lien