BRBL 60+ marks_ CAIIB SYLLABUS PRIORITY
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Banking Regulations and Business Laws — CAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
Which section of the Banking Regulation Act, 1949 empowers RBI to issue directions to banks in public interest?
Section 35A of the Banking Regulation Act, 1949 empowers RBI to issue directions to banking companies in public interest, interest of depositors, or to prevent affairs being conducted in a manner detrimental to depositors.
What is the minimum capital requirement for a new banking company to be licensed under Section 22 of the Banking Regulation Act, 1949?
Minimum paid-up capital of Rs. 500 crore is required.
What is the minimum paid-up capital and reserves required for a bank to open a new branch under the Banking Regulation Act?
Under Section 23 of the Banking Regulation Act, 1949, a bank must obtain prior approval of RBI to open a new place of business; no fixed statutory minimum is prescribed but RBI evaluates financial health, CAMELS rating, and prior approval norms before granting permission.
Under Section 5(b) of the Banking Regulation Act, what is the statutory definition of 'banking'?
Accepting deposits repayable on demand for lending or investment.
Under which Act is the Negotiable Instruments Act, 1881 governed and what does Section 138 specifically deal with?
Section 138 of the Negotiable Instruments Act, 1881 deals with dishonour of cheque for insufficiency of funds, making it a criminal offence punishable with imprisonment up to two years or fine up to twice the cheque amount, or both.
What is 'crossing of a cheque' and what legal protection does it provide to the paying banker?
Crossed cheque must be paid through a bank, protecting against fraud.
What is the limitation period for filing a suit to recover a loan secured by a mortgage under the Limitation Act, 1963?
The limitation period for a suit to enforce a mortgage is 12 years from the date the money secured becomes due, as per Article 62 of the Limitation Act, 1963.
Under the Limitation Act, 1963, what is the time limit to file a suit on a promissory note?
Three years from the date the note falls due.
Video classes for this chapter
Related articles & notes
In-depth Banking Regulations and Business Laws guides from our blog.
Master the full BRBL syllabus
Every chapter of Banking Regulations and Business Laws — videos, tests, notes and one-liner decks in one place.