NPA_00

SARFAESI Act 2002 does not concern which of the following aspects:

• Securitisation of Financial Assets
• Reconstruction of Assets
• Authority to enforce without the intervention of the court
• Setting up of Central Registry
• None of the above

Under the provision of SARFAESI Act 2002, where a transaction of securitisation is registered:

• Registrar of Companies
• Registrar of Assurances
• Registrar of Firms
• Registrar of Central Registry
• none of the above

Under the provision of SARAESI Act 2002 a charge on moveable property in favour of securd without delivery of possession to the creditor is called:

• mortgage
• assignment
• pledge
• lien
• hypothecation

In the process of securitisation the non-liquid financial assets (NPA) are converted into markable securities in the form of:

• shares
• debentures
• pass through certificates
• security receipts
• bonds

What norm has to be followed by a securitisation company regarding owned funds and the acquired financial assets i.e. owned funds as % age of acquired assets

• 20%

• 15%

• 12.5%

• 10%

• 5%

At the time of take over the bad loans from 3 banks it is found that these banks have field suits in different DRTs. Securitisation company wants to get these cases in one DRT, which can be permitted by:

• Central Govt.
• Supreme Court
• High Court
• RBI
• DRAT

When the securitisation company fails to realize the securitized assets, the qualified institutional buyers holding _______ % of total value of the security receipts can force the securitisation company for a particular decision:

• 75%

• 60%

• 50%

• 40%

• 25%

Under the provision of SARFAESI Act 2002 which of the following is not part of the financial asset reconstruction:

• take over of management of the unit
• sale if the asset
• re-schedulement of the dues payable by the borrower
• taking possession of the assets
• none of the above

What is the maximum period allowed to a securitisation company for recovery of reconstructed financial asset:

• 2 years
• 3 years
• 4 years
• 5 years
• 6 years

Under the provision of SARFAESI Act 2002, what is meant by enforcement of security interest:

• sale of assets of the borrowing party by the bank
• sale of charged assets by the secured creditor through DRT
• sale of charged assets by the secured cdeditor without without court intervention
• getting bank's charge registered with Central Registry
• b and c