Recollected Questions of PPB Priority sector target for foreign banks: Ans:-32% of ANBC NSC pled

Recollected Questions of PPB Priority sector target for foreign banks: Ans:-32% of ANBC NSC pledged with post office with nomination in favour of XYZ. Bank’s claim against these NSCs : Ans:- Will have priority Legal status of nominee is that of a : Ans:-Trustee for legal heirs Two Month, a minor admitted for benefits in a firm wants to withdraw from the firm on attaining majority. How much time is available to him to do so : Ans:-6 months from date of majority or 6 months from date of information to him that he was admitted for benefits, whichever is later. Loan to minor can be given in the following case a. against DBD b. against LIC policy c. in the name of minor d. in the name of father Ans:- in the name of father Who cannot be a partners a. HUF b. illiterate c. Blind person d. company Ans:-: HUF Money to be deposited by A in the account of B. A has informed that B has become insane : Ans:- can be deposited with consent of the family members (i.e. guardian) Mortgagee enjoys the income of the mortgaged property in case of which mortgage : Ans:-Usufructuary Hypothecation becomes pledge : Ans:-when goods are given for possession to the bank, by the borrower. Which scheme has been abolished with introduction of senior citizen deposit scheme : Ans:- Varishat Bima Pension Yojna