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Under which section of Banking Regulation Act 1949 a banking company is prohibited to grant a loan or an advance against security of its own shares :

• 17 (2)
• 24
• 19 (2)
• 20 (1)

Holder in due course is defined u/s…..of NI Act

• 10
• 9
• 18
• 8

Who among the following can endorse a negotiable instrument?

• a insolvent
• a lunatic
• an illiterate person
• Pensioner

Legal amount in a cheque stands for

• Amount in figures
• Amount in words
• Amount in words or figures, whichever is less
• Amount in words or figures, whichever is more

A company is a juristic person created by law, having a ……….. succession

• Regular
• Continuous
• Perpetual
• Pre-defined

Mutual funds are regulated by

• Association of Mutual Funds of India (AMFI)
• Securities and Exchange Board of India (SEBI)
• Reserve Bank of India
• Competition Commission of India

Long Form Audit Report (LFAR) is prepared/ submitted by

• bank’s concurrent auditor/s
• statutory auditors
• Stock Auditor
• Forensic auditors

At a Railway station, you withdraw cash from ATM of HDFC. HDFC is a

• Paying Banker
• Collecting Banker
• Advising Banker
• Issuing Banker

The apex institution which handles refinance for agriculture and rural development is called:

• RBI
• SIDBI
• NABARD
• RRB

Cheque has already been negotiated by A to B and by B to C. How many times more this instrument can be negotiated?

• Thrice
• Twice
• Once
• No limit