Top 150+ Solved Banking and Finance 3 MCQ Questions Answer
Q. Where a person pledges goods in which he has only a limited interest, the pledge is:
a. Invalid to the extent of that interest
b. Entire contract is invalid
c. Valid to the extent of that interest
d. Entire contract is valid
Q. What is pledge:
a. The bailment of goods as security for payment of a debt or performance of a promise
b. The delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the direction of the person delivering them
c. A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person
d. A contract to do or not to do something, if some event, collateral to such contract, does or does not happen
Q. Delay, unpredictability and cost are considered as three main enemies of efficient administration ofjustice.
a. yes
b. no
c. cannot be said
d. none
Q. The litigants are always interested in substantive justice and not procedural justice.
a. true
b. false
c. none
d. none
Q. ADR techniques include arbitration, conciliation, mediation and negotiation.
a. yes
b. no
c. none
d. none
Q. In a contractual arbitration the jurisdiction of courts can be completely ousted under 1996 Act.
a. No
b. yes, statutory provisions can be ousted
c. yes, it can be partially ousted
d. Yes it can be ousted, but for enforcing the award interference of court is needed
Q. Conciliation is a private, informal process in which a neutral third person helps disputing parties toreach an agreement.
a. True
b. partially true
c. true up to the extent that a neutral third person helps disputing parties to reach an agreement
d. none
Q. Mediation can be termed as assisted negotiation.
a. No
b. Yes
c. yes and the mediator plays the role of a facilitator in attaining cooperation between the parties to the dispute
d. none
Q. Bargaining is a common feature of the negotiation process.
a. The negotiation process provides the parties an opportunity to exchange ideas, identify the irritant points of differences, find a solution, and get commitment from each other to reach an agreement.
b. Even if a third party negotiator is involved in the process of negotiation, his role would be limited to inducing the parties to the process of negotiation.
c. Mediators would have higher level of involvement in the settlement of disputes when compared to that of negotiators.
d. All are true
Q. Lok Adalats have been given the powers of a civil court under the Code Civil Procedure.
a. Yes
b. No
c. yes, but with limited jurisdiction
d. none