JAIIB Paper 2 Module B Quiz 8

Correct answer: Transfer of specified rights or benefits to an assignee. Assignment transfers rights or benefits, such as receivables or insurance-policy benefits. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Transfer of specified rights or benefits to an assignee. Assignment transfers rights or benefits, such as receivables or insurance-policy benefits. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Transfer of specified rights or benefits to an assignee. Assignment transfers rights or benefits, such as receivables or insurance-policy benefits. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Transfer of specified rights or benefits to an assignee. Assignment transfers rights or benefits, such as receivables or insurance-policy benefits. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Transfer of specified rights or benefits to an assignee. Assignment transfers rights or benefits, such as receivables or insurance-policy benefits. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Verify ownership, encumbrances and enforceability. Valuation does not establish title; legal due diligence is essential. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Verify ownership, encumbrances and enforceability. Valuation does not establish title; legal due diligence is essential. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Verify ownership, encumbrances and enforceability. Valuation does not establish title; legal due diligence is essential. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Verify ownership, encumbrances and enforceability. Valuation does not establish title; legal due diligence is essential. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Verify ownership, encumbrances and enforceability. Valuation does not establish title; legal due diligence is essential. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Central registry of security interests. CERSAI supports transparency and helps identify multiple financing against the same asset. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Central registry of security interests. CERSAI supports transparency and helps identify multiple financing against the same asset. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Central registry of security interests. CERSAI supports transparency and helps identify multiple financing against the same asset. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Central registry of security interests. CERSAI supports transparency and helps identify multiple financing against the same asset. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Central registry of security interests. CERSAI supports transparency and helps identify multiple financing against the same asset. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Generally, principal or interest remains overdue for more than 90 days, subject to RBI norms. The standard 90-day norm applies to term loans, subject to applicable prudential rules and exceptions. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Generally, principal or interest remains overdue for more than 90 days, subject to RBI norms. The standard 90-day norm applies to term loans, subject to applicable prudential rules and exceptions. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Generally, principal or interest remains overdue for more than 90 days, subject to RBI norms. The standard 90-day norm applies to term loans, subject to applicable prudential rules and exceptions. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Generally, principal or interest remains overdue for more than 90 days, subject to RBI norms. The standard 90-day norm applies to term loans, subject to applicable prudential rules and exceptions. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.

Correct answer: Generally, principal or interest remains overdue for more than 90 days, subject to RBI norms. The standard 90-day norm applies to term loans, subject to applicable prudential rules and exceptions. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.