RBI Legal Officer Exam Question Paper 2021 Download Free PDF
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RBI Legal Officer Exam Question Paper 2021 Download PDF
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1. In 2006, Reserve Bank of India had set up a panel to recommend the legislation related to regulation of which of the following ?
(A) Capital markets
(B) Money lending
(C) Financial inclusion
(C) None of the above.
2. Which among the following correctly defines Hundi ?
(A) They are slips on paper presented to the customer while purchasing goods.
(B) They are accounts of unorganized sector in India.
(C) They are key instruments of credit in the unorganized money market in India.
(D) None of the above
3. ‘A’ admits to have received goods supplied by ‘B’ though there was no order therefor. In this context which of the following statement is correct ?
(A) It is an invalid contract in the absence of order for goods.
(B) It is a valid contract having privity of contract between ‘A’ and ‘B’ on the presumption of an order.
(C) The contract between “A” and “B” is invalid as the supply of goods was unwarranted and gratuitous.
(D) The contract between “A” and “B” is invalid until “B” discharges the onus that “B” supplied goods to “A” pursuant to an order
4. The first case on the ‘Doctrine of frustration’ as decided by the Supreme Court of India is—
(A) Raja Dhruv Dev v/s Raja Harmohinder Singh
(B) Sushila Devi v/s Hari Singh
(C) Basanti Bastralaya v/s River Steam Navigation Co. Ltd.
(D) Satyabrata Ghose v/s Mugneeram.
5. The landmark ruling of M.C. Mehta v/s Union of India, AIR 1987 SC Marks (1086) laid down the doctrine of—
(A) Strict liability
(B) Absolute liability
(C) Vicarious liability
(D) None of the above.