
Today’s IBPS Specialist : Law Officer (Scale -I)
(1) as and when time for award implementation is over
2.Which of the following is not implied authority of a partner?
3. X has proposed that in his deposit account one of the following should be accepted as a nominee. Which one of these will not be accepted?
(2) A senior citizen with age of 110 years
(3) A person who has recently been declared insolvent
(4) A trust of whose X is a trustee(2) NOR
(1) Information in connection with commercial confidence trade secrets or intellectual property
(2) Information received in confidence from foreign government
(3) Cabinet papers including record of deliberations
(4) All of the above
5. Z gave a guarantee on behalf of X to the bank for a series of transactions. Such guarantee is called ______
(2) Specified guarantee
(3) Continuing guarantee
(4) Any of the above
Answer: Continuing guarantee
(1) The bill is deemed to have been accepted and the buyers are liable on the bill
(3) The acceptance is deemed to have been cancelled with cancellation of the attorney
(4) Any of the above
7. In which of the following documents the limitation period is 3 years?
(2) Overdrafts from the date of advances
(3) Term Loan from the date of default in payment of each installment
(4) All of these
8. X has an NPA account. he deposits Rs.15000 with bank for retirement of a bill of exchange Bank wants to use the money for regularization of NPA accounts:
(2) This can be done u/s 60 of Indian Contract Act
(3) This cannot be done u/s 59 of Indian contract Act
(4) This cannot be done u/s 61 of Indian Contract Act
Answer: This cannot be done u/s 59 of Indian contract Act
(2) Registered Office Clause
(3) Objects Clause
(4) All of these
Answer: All of these
10. HUF cannot be a partner in a partnership firm as per Supreme court Judgements. The judgements in based on the premise that _______
(1) HUF is a legal person with Karta as its head but other co-partners are not liable
(2) HUF is not a legal person and cannot enter into such agreement that makes it liable for the action of others
(3) HUF is not competent to enter into any contract with outsiders and make it liable for the actions of others
(4) HUF cannot enter into any contract with outsiders
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