Quiz 7

If the online Charge satisfaction is filed after 30 days of              it will be submitted to Government for approval of delay condonation.

• Closure of the accounts.
• Repayment of the dues.
• Initiating action under SARFAESI
• Filing suit in DRT.

CERSAI Security interest creation Report and Security interest Modification Report is uploaded in Finacle in            intervals.

• Weekly
• Fortnightly
• Monthly
• Quarterly

The basic objective of setting up                  was to prevent frauds in loan cases involving multiple lending from different banks on the same immovable property.

• Central Fraud Registry
• Central Registry
• Debt Recovery Tribunal
• Central Fraud Repository

Security interest in any under construction residential or commercial building or a part thereof by an agreement or instrument other than by mortgage required to be filed on the CERSAI Portal?

• FALSE
• TRUE

Filing of security interest with CERSAI shall be deemed to constitute a                  from the date & time of filing with CERSAI.

• Recall notice
• Public notice
• Notice u/s 13(2) of SARFAESI
• Demand Notice

             shall be entitled to enforce securities under SARFAESI Act only if the security interest is filed with CERSAI?

• Unsecured Creditors
• Secured Creditors
• Judgement Creditors
• Subordinated Creditors

In case of lending under consortium             has to file security interest with Central Registry for the total secured amount of consortium /Joint lending along with member banks details and percentage of their share.

• Individual lender
• Leader bank
• As decided by the Consortium
• Filing of security interest is not required under Consortium lending

Waiver of Tri-Partite agreement in Home loan may be allowed if Builders/Promoters/parent Company must be having enough experience in the line of activity and had completed minimum          housing projects.

• 5
• 10
• 15
• 20
• 25

Waiver of Tri-Partite agreement in Home loan may be allowed if Net worth of the builder/promoter/parent company should be minimum of Rs.             Crore and above

• 500
• 1000
• 200
• 250
• 1500

Waiver of Tri-Partite agreement in Home loan may be allowed if External Credit Rating of the main/parent company must be              and it should be live.

• BBB
• A
• AA
• AAA
• BBB