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Q. The written instructions given by the customers to banker to perform the services like collection and payment of money is noted down in

Q. When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as _____________________.

Q. Before which for a can an asset reconstruction company file an application for enforcement of its security interest:

Q. Which of the following is/are true about bill of exchange? A) A bill of exchange requires in its inception two parties. B) A bill of exchange or “draft” is a written order by the drawer to the drawee to pay money to the payee. C) Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date. D) Definition of ‘Bill of Exchange’ is mentioned in Section 6 of the Negotiable Instrument Act.

Q. There is legal obligation for a banker to collect the bills of exchange for its customer.

Q. The bank can consider ------------------ lien as their protection against loss on loan or overdraft which was given to its customers.

Q. When a financial institution sells a mortgage with recourse, the financial institution retains a credit risk liability in the event the buyer returns the mortgage.

Q. In India, the law regulating the Negotiable instruments are

Q. As per the provisions of which act all financial institutions have to maintain a record for all form of transactions?

Q. Collateral securities can be _____?