Correct Answer:- Option-B
Question57:-Under the code of Criminal Procedure the authority who is authorised to remove public nuisance
A:-Sessions court
B:-Chief Judicial Magistrate
C:-Assistant sessions court
D:-Executive magistrate
Correct Answer:- Option-D
Question58:-The provision for anticipatory bail is provided in the Criminal Procedure code under
A:-Sec 445
B:-Sec 438
C:-Sec 465
D:-Sec 338
Correct Answer:- Option-B
Question59:-An offence which is not triable summarily
A:-Theft under Sec 379 where value of property is less than Rs.200
B:-Offences under Sec 454 and Sec 456 IPC
C:-Receiving stolen property under Sec 411 where value is less than Rs.200
D:-Grievous hurt under Sec 320 IPC
Correct Answer:- Option-D
Question60:-Under Sec 227 CrPC an accused can be discharged in a sessions case
A:-After the trial
B:-After framing the charge
C:-Anytime during trial
D:-Before framing the charge
Correct Answer:- Option-D
Question61:-Section 2(1)(b) of SARFAESI Act provides that the net owned fund of an asset reconstruction company should:
A:-Not be less than one crore rupees or such higher amount as the Reserve Bank may notify
B:-Not be less than two crore rupees or such higher amount as the Reserve Bank may notify
C:-Not be less than three crore rupees or such higher amount as the Reserve Bank may notify
D:-Not be less than four crore rupees or such higher amount as the Reserve Bank may notify
Correct Answer:- Option-B

Question62:-Which of the following is not a ground for cancellation of certificate of registration granted to an asset
reconstruction company by Reserve Bank of India:

A:-When the ARC fails to comply with any direction issues by RBI

-When the ARC ceases to receive or hold any investment from a qualified buyer

C:-When the ARC fails to maintain accounts in accordance with the requirements of any law
D:-When the ARC has incurred loss for a year

Correct Answer:- Option-D

Question63:-Before which court/ tribunal an asset reconstruction company can file an application for enforcement of its
security interest:

A:-Debt Recovery Tribunal
B:-High Court
C:-District Court
D:-National Company Law Tribunal
Correct Answer:- Option-A

Question64:-What is the time limit within which the secured creditor can initiate an action for enforcement of security:
A:-If the liability is not discharged within 30 days of receipt of notice from the secured creditor
8:- the liability is not discharged within 45 days of receipt of notice from the secured creditor
C:-If the liability is not discharged within 60 days of receipt of notice from the secured creditor
D:-If the liability is not discharged within 90 days of receipt of notice from the secured creditor
Correct Answer:- Option-C

Question65:-When does an asset become non performing asset:
A:-When the instalments and/or interest is not paid for a period exceeding 60 days
B:-When the instalments and/or interest is not paid for a period exceeding 90 days
C:-When the instalments and/or interest is not paid for a period exceeding 120 days
D:-When the instalment and/or interest is not paid for a period exceeding 180 days
Correct Answer:- Option-B

Question66:-Which of the following is not an essential ingredient to initiate action for enforcement of security under the
SARFAESI Act:

A:-There must be a security agreement in which borrower is under liability of the secured creditor