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Ans - b ............................................. ...... in relation to a cooperative society, for the puposes of BR Act, includes a member of any committee or body for the time being vested with the management of the affairs of that society . a. Director b. Member c. Manager d. None of the above Ans - a ............................................. A bank has lent Rs.8 lakhs to a pvt.ltd.co. to purchase a pick up van. Therefore the bank's charge a. has to be registered with RTO/ROC b. need not be registered with ROC c. registration is optional d. none of above Ans - a ............................................. ...... goods are to be manufactured/produced/acquired by the seller after making of the contract of sale. a. Future b. Specific c. Moveable d. Immoveable Ans - a ............................................. What are the main features of SARFAESI Act, 2002? a. To put a legal system for securitization. b. Empowering banks and financial institutions to take possession of the mortagaged securities. c. To sell the securities without intervention of court. d. All the above. Ans - d

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