Question
What are the types of
Guarantees?Solution
There are two types of contract of guarantee i.e. Specific guarantee and continuing guarantee. When a guarantee is given only for single debt or transaction and is to come to an end when the guaranteed debt is paid or the promise is duly performed, it is called a specific or simple guarantee. A guarantee which extends to a series of transactions is called a continuing guarantee. In this case the surety’s liability would continue till all the transactions are completed or till the guarantor revokes the guarantee as to the future transactions.
In 1921, three Banks were merged into one Bank i.e, Imperial Bank. They are:
Finance Commission of India was formed to define the financial relation between the ------ and ------
DRT and SARFAESI are the two methods adopted by Bank for
Which of the following is not a debt security?
Monetary policy is also known as
KYC guidelines followed by the Banks have been framed on the recommendations of the ______
Which of the following is not considered as direct instruments of RBI?
Presently, Jai Kumar Garg is the CEO and MD of ___________
Which of the following financial year is followed by the Reserve Bank of India (RBI) ?
Heart transplantation is first done by
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