Related Questions

X' and 'Y' jointly take a loan, from 'Z' with promise to repay the loan amount with interest within two years. Soon after taking the loan 'X' is declared as an insolvent and remains insolvent till the date of repayment of loan. 'Y' also fails to repay the loan. 'X' on account of his status as insolvent enjoys immunity from legal proceedings. In these circumstances:
A, a bank officer, got compulsorily retired in 2014. Since the bank authorities did not release the leave encashment in his favour, he filed writ petition WP 2001 (W) of 2017 in Ranchi High Court for the same and also for the interest on the unpaid amount. The writ petition was disposed of by a learned Single Judge in December 2018 directing the bank to release the privileged leave encashment benefits to the petitioner to the extent he was entitled to in accordance with law within a certain period. The prayer for interest was not specifically denied by the court. The bank filed an appeal against the order. The Division Bench of Ranchi High Court in February, 2019 declined to admit the appeal. The bank authorities released the leave encashment in favour of the petitioner. However, A files a writ petition again for a direction to the bank to disburse interest to A at the rate of 18% per annum on leave encashment released by the bank. This petition is covered under which of the following?
A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. The loan backed only by promise to repay, and for this reason the personal loan also called
Re-arrange the following sentences into a meaningful paragraph. (A) comes into effect from today. The bank's savings account rate was 3.5 per cent during March 2003 to May 2011 for all savings bank account customers (B) The bank's decision comes two days ahead of RBI's monetary policy meet and is likely to trigger (C) with deposits of above Rs 1 crore, it said in a statement. The two-tier savings bank account interest rate (D) to 3.5 per cent, lowest in six years, a decision that will impact 90 per cent of its customers (E) The country's largest lender however will continue to pay 4 per cent interest on savings bank accounts (F) SBI today cut interest rate on savings bank account deposits up to Rs 1 crore by 0.5 per cent (G) rate war among peers. SBI's savings bank account base is of around Rs 9 lakh crore.
Statement : It is necessary to adopt suitable measures to prevent repetition of bad debts by learning from the past experiences of mounting non-performing assets of banks.

Courses of Action :
I. Before granting loan to customers their eligibility for loan should be evaluated strictly.
II. To ensure the payment of instalments of loan, the work, for which loan was granted, should be supervised minutely on regular basis.
B' a bank, under a scheme for grant of educational loan to females, grants a loan of Rs. 2,00,000/- to 'A'. 'A' fails to repay the loan and 'B' files a suit for recovery thereof. During the pendency of suit, 'A' is married. 'B' does not take any steps within the prescribed time, to substitute the maiden name of 'A' with the married name of 'A' in the suit. The suit is decided in favour of 'B' and against 'A' in her maiden name:
A garments factory employs 3 categories of workers K, M and N. The efficiency of the 3 categories of workers to do a specific task is in the ratio of 3 : 5 : 6 respectively and the factory employs 15 of category K, 12 of category M and 3 of category N. If the total wages paid to the entire group of 30 workers is Tk. 492 per hour, what will be the wages earned by a category N worker for an 8-hour day?
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : Shalini made an application to the bank for a loan of Rs. 1,80,000 by mortgaging her house to the bank and promised to repay it within five years.

Assumptions :
I. The bank has a practice of granting loans for Rs. 1,00,000 and above.
II. The bank accepts house as collateral security against such loans.
Find out which quotation parts of the following sentences has an error. If one 'wants' to keep up with the rapid advances in the rapid advances in work place 'technology' 'they' must plan 'to take' frequent refresher courses.
Five persons concert to loot a bank. Two of them, M and N, stay on in the car, with the engine running on, at the entrance of the bank. Three of them X, Y, and Z, enter the bank. X shoots the cashier, and Y and Z loot the cash. Police suddenly reaches the bank and apprehends, Y and Z but X escapes. On seeing the police enter the bank, M and N also run away in the car. Later on, all the five are arrested and charged with the offences of dacoity, looting and murder. M and N plead that they are not guilty of any of the offences, certainly not of murder and looting, as they did not participate in any of these offences. Should their plea prevail?