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Question 1 of 10
1. Question
What does CERSAI stand for?
Correct
CERSAI stands for Central Registry of Securitisation Asset Reconstruction and Security Interest.
Incorrect
CERSAI stands for Central Registry of Securitisation Asset Reconstruction and Security Interest.
Unattempted
CERSAI stands for Central Registry of Securitisation Asset Reconstruction and Security Interest.
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Question 2 of 10
2. Question
What was the primary purpose behind establishing CERSAI?
Correct
CERSAI was designed primarily to prevent fraud in lending against equitable mortgages and improve transparency in property-related financial transactions.
Incorrect
CERSAI was designed primarily to prevent fraud in lending against equitable mortgages and improve transparency in property-related financial transactions.
Unattempted
CERSAI was designed primarily to prevent fraud in lending against equitable mortgages and improve transparency in property-related financial transactions.
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Question 3 of 10
3. Question
Under which provision of the Companies Act, 2013 was CERSAI established as a Government company?
Correct
The provided material states that CERSAI was established as a Government company under Section 8 of the Companies Act, 2013.
Incorrect
The provided material states that CERSAI was established as a Government company under Section 8 of the Companies Act, 2013.
Unattempted
The provided material states that CERSAI was established as a Government company under Section 8 of the Companies Act, 2013.
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Question 4 of 10
4. Question
Where is the registered office of CERSAI located?
Correct
The registered office of CERSAI is in New Delhi according to the provided material.
Incorrect
The registered office of CERSAI is in New Delhi according to the provided material.
Unattempted
The registered office of CERSAI is in New Delhi according to the provided material.
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Question 5 of 10
5. Question
On which date did CERSAI become operational?
Correct
CERSAI became operational on 31 March 2011.
Incorrect
CERSAI became operational on 31 March 2011.
Unattempted
CERSAI became operational on 31 March 2011.
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Question 6 of 10
6. Question
Who first revealed the idea of CERSAI in the 2011 budget speech?
Correct
The idea for CERSAI was first revealed in the 2011 budget speech by Finance Minister Pranab Mukherjee.
Incorrect
The idea for CERSAI was first revealed in the 2011 budget speech by Finance Minister Pranab Mukherjee.
Unattempted
The idea for CERSAI was first revealed in the 2011 budget speech by Finance Minister Pranab Mukherjee.
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Question 7 of 10
7. Question
What was CERSAI‘s original mandate?
Correct
CERSAI‘s original mandate was to maintain a central registry of equitable mortgages.
Incorrect
CERSAI‘s original mandate was to maintain a central registry of equitable mortgages.
Unattempted
CERSAI‘s original mandate was to maintain a central registry of equitable mortgages.
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Question 8 of 10
8. Question
What type of CERSAI information can the general public access according to the provided material?
Correct
The general public can access CERSAI information online for a fee, but only information related to equitable mortgages.
Incorrect
The general public can access CERSAI information online for a fee, but only information related to equitable mortgages.
Unattempted
The general public can access CERSAI information online for a fee, but only information related to equitable mortgages.
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Question 9 of 10
9. Question
In 2012, CERSAI‘s mandate was extended to include security interests created through which activity?
Correct
In 2012, the mandate was extended to include security interests created through assignment of accounts receivables or factoring under the Factoring Act, 2011.
Incorrect
In 2012, the mandate was extended to include security interests created through assignment of accounts receivables or factoring under the Factoring Act, 2011.
Unattempted
In 2012, the mandate was extended to include security interests created through assignment of accounts receivables or factoring under the Factoring Act, 2011.
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Question 10 of 10
10. Question
Within how many days are financial institutions required to register details of security interests created by them with CERSAI?
Correct
According to the provided government regulations in the material, financial institutions must register security interests with CERSAI within 30 days of their creation.
Incorrect
According to the provided government regulations in the material, financial institutions must register security interests with CERSAI within 30 days of their creation.
Unattempted
According to the provided government regulations in the material, financial institutions must register security interests with CERSAI within 30 days of their creation.