JAIIB Mock test 3 for LRAB (Legal & Regulatory Aspects of Banking)

0%

If the beneficiary under BG is the Government, the limitation period to enforce the claim is.................

Correct! Wrong!

When a banker issues a duplicate FDR after obtaining an indemnity, the banker can recover ..................

Correct! Wrong!

In case of indemnity, the risk covered is..............

Correct! Wrong!

The loss under indemnity should be due to act of ...............

Correct! Wrong!

The law relating to indemnities is laid down as per.......... :

Correct! Wrong!

The person to whom the promise is made under an indemnity is called ................

Correct! Wrong!

Which of the following types of contracts are essentially, the contracts of indemnity?

Correct! Wrong!

Liability of the surety is ............ that of the principal debtor.

Correct! Wrong!

Bank guarantees (BG) issued in lieu of cash deposit or earnest money for customers are called ..............

Correct! Wrong!

A continuing bank guarantee is one which..................:

Correct! Wrong!

Guarantee issued by a bank which is still outstanding is shown in the Balance Sheet as ....................:

Correct! Wrong!

Provisions relating to guarantees are given in:

Correct! Wrong!

LEAVE A REPLY

Please enter your comment!
Please enter your name here