In this article we have provided JAIIB principles and practices of banking mcq pdf and JAIIB principles and practices of banking mock test. There are 30 Mcq in this principles and practices of banking mock test with these test paper JAIIB Aspirants can practice for their upcoming exams.
JAIIB principles and practices of banking mcq pdf
JAIIB aims at providing required level of basic knowledge in banking and financial services, banking technology, customer relations, basic accountancy and legal aspects necessary for carrying out day to day banking oprations.
In this article we have provided principles of banking mcqs with answers
01 The goods that can be packaged, seen, evaluated and tried by the buyers before purchase are called
a) search goods
b) experienced goods
c) physical services
d) all the above
02 Which of the following is not a characteristics of financial services (a) intangibility (b) homogeneity (c) inseparability (d) facility of physical storage
A) a and b
B) b and c
C) a and c;
D) b and d
03 A bank has been offering the following services to its customers. Which of these product does not belong to product line of other banks:
A home loans;
B agriculture crop loans;
C saving bank deposit;
D credit card
04 A bank has been providing finance to large no. of farmers in a particular district in Southern India for their agriculture operations. Now it wants to come out with a new scheme for offering education loans to the children of farmers. The bank appears to be following:
a intensive growth strategy;
b integrative growth strategy;
C diversification; growth strategy;
D penetrative growth strategy
05 In an inner copper conductor is held in a position by circular spacers:
a coaxial cable;
b twisted pair cable;
c optical fibre;
06 Where RBI cancels the banking licence of a banking company, the appeal can be made to:
a Central Govt;
b Company Law Board;
c High Court;
d Supreme Court
07 Which among the following cannot be done by the Central Govt. for regulation of banks in India
a) give approval for formation of subsidiary by a bank for certain type of business;
b) issuing notification with reference to accounts and balance sheet u/s 29 of B R Act;
c) suspend business and amalgamate a bank u/s 45 of Banking Regulation Act;
d)none of the above
08 In _______banking, the banks offer all types of financial services to expand their business that include high risk products and medium risk products also:
a) retail banking;
b) universal banking;
c) wholesale banking;
d) narrow banking
09 Aggregate investment of a bank in its subsidiary companies cannot exceed% of the bank:
A) 15%, capital fund;
b) 15%, paid up capital;
c) 20%, paid up capital;
D 20%, net worth;
10 Global depository receipts are listed on stock exchanges:
10 Global depository receipts are listed on stock exchanges:
11 What is the maximum extent up to which a single shareholder can exercise voting rights u/s 12(2) of Banking Regulation Act
12 Which of the following is a disqualification of a person to be appointed as director on the board of a bank (a) who has been adjudicated insolvent (b) who has suspended payment of his dues (c) who has compounded with his creditors (d) who has been convicted by criminal course of offence involving moral turpitude:
A a, b and c only;
B a, c and d only;
C b, c and d only;
D a to d all
13 The repayment period of retail loans given by banks normally ranges between , except for housing loans that have longer duration period of 15-20 years time:
A 2 to 7 years;
B 3 to 5 years;
C 5 to 7 years;
D 5 to 10 years
14 The banker customer relationship arises from various types of services rendered by the bank. Which of these is not correct
(a) deposit (b) lending (c) remittances such as demand drafts etc. (d) conducting govt. transactions.
A c only;
B d only;
C c and d only;
D none of the above
15 Under a debtor creditor relationship arising in case of deposits, the limitation period begins from:
A date of deposit;
b date of deposit if a demand deposit and date of maturity in case of a term deposit;
C date of maturity in all cases;
D date of demand by the customer
16 A customer deposits some money in his deposit account with the bank but forgets to provide complete particulars of the account. The bank credits the funds in the sundries account. The relationship between bank and customer in this case is:
A debtor-creditor as the funds were deposited for a deposit account;
B bailee and bailor, as the money has been received by bank;
C agent and principal, as the bank will act as agent for the funds;
D trustee and beneficiary
17 In a demutualization process, a stock exchange is transformed from a mutually owned association to:
A large corporate;
b shareholders owned company;
c public sector undertaking;
d limited liability partnership
18 Banks have an obligation of maintaining secrecy of the customer’s account. Which of the following is not correct in this connection:
A the obligation ends with the closure of the account;
B the obligation is not absolute as in certain circumstances, information is disclosed;
C the obligation is result of contractual obligation and also provisions of Banking Companies (Acquisition & Transfer of Undertakings) Act
D exchange of information amongst banks should be in general terms.
19 X deposited Rs.20000 in his savings bank account for payment of a cheque to be presented after 20 days. Bank credited the amount as Rs.2000 instead of Rs.20000 and informed the customer through a statement of account. When the cheque was presented, it was dishonored due to which the customer suffered losses. Now X claims damages:
a) no damages payable as customer had notice of the mistake;
b) the customer cannot claim damages. He can claim only the amount he deposited.
c) bank is absolved of its liability, when the customer is informed about the factual position and customer does not point it out.
D) bank is liable and continues to be liable even when the mistake is not pointed out by the customer
20 In which of the following types of shares there is a facility that, if the dividend payable is not paid, it will accumulate. In addition, the share will be exchanged with a equity share:
a) cumulative preference share;
b) participating preference share;
c) cumulative convertible preference share;
d) preference share
21 Bank can not exercise its right of lien in case
(a) where goods have been received for safe custody
(b) where the security has been deposited for a specific purpose
(c) where debt has already fallen due /
(d) securities are left by the customer by mistake:
A a to d all correct;
B a, b and c correct;
C a, b and d correct;
D b, c and d correct
22 In which of the following circumstances, the bank can exercise its right of set off to adjust the loan account from deposit in the name of the customer, after giving a notice only:
A death of the customer;
B when customer has become insolvent
C when garnishee order has been received by the bank;
D when loan has become NPA and there is urgency to recover the amount
23 X has an overdraft account with your branch which has not been repaid despite the fact that the bank has raised demand on a no. of occasions. He is associated with the following accounts. To the debit of which of these accounts, the bank can adjust the account immediately:
a ) saving bank account in his name and a term deposit which will mature after 4 months;
b)a term deposit account which has matured which is a ‘former and survivor’ account along with his wife;
c)current account of a partnership firm in which he is a partner.
D)None of the above as the conditions are not satisfied to exercise the right.
24 Which of the following can not function as qualified institutional buyer:
A Fll registered with SEBI;
B Mutual funds;
C Commercial Banks’;
D none of the above
25 Which of the following is not correct in connection with the mandate given by a customer:
A mandate can be given by the customer any time;
B mandate can be withdrawn by the customer any time;
C if after mandate, a power of attorney is given by the customer in favor of another person, the mandate ceases to operate;
D a customer can give more than one mandates at a time and all remain operative.
26 A garnishee order is issued by:
a) police officer to seize the property of the accused;
b) govt. authority to recover the government. dues
c)competent court, to recover the dues from judgment debtor;
d)enforcement authority under the provisions of relevant law
27 The safety net arrangement can be made by a company, only to original resident individual investors with investment up to shares per allottee, as per SEBI guidelines:
28 Z issued 3 cheques on Dec 12, 2012. He dated the 1st cheque as Dec 02, 2012, 2″ cheque as Dec 12, 2012 and 3rd cheque as Dec 22, 2012. These are presented for payment on Dec 18, 2012 but the account was opened on Dec 05, 2012.
A) The 151 cheque is post dated and the 3`d cheque is ante-dated. These cannot be paid. But the 2nd cheque can be paid;
B) the 1st cheque is ante-dated and the 3rd cheque is post-dated. These cannot be paid. But the 2nd cheque can be paid;
c) the 1st cheque is ante-dated and can be paid and 3`d cheque is post-dated which cannot be paid. The 2nd cheque can also be paid.
D) the -Ist cheque is issued before opening of account and cannot be paid. The 3rd cheque is post-dated which cannot be paid. But the 2nd cheque can be paid.
29 The liability on a usance bill of exchange is that of (a) drawer till it is accepted by the drawee (b) payee till it is accepted by the drawee (c) drawee after acceptance (d) drawee whether accepted or not:
a) a and b only;
b) a and c ‘only;
c) a and d only
d) b and c only
30 An advocate has two accounts with your branch in his name
(a) one in which he transacts his office transactions
(b) one his client account. A garnishee order is received.
A)the order will attach only the client account and not the office account;
b)the order will not attach the client account and attach the office account only;
c)the order will attach both the accounts;
d)the order will not attach any account, as the accounts belong to an advocate.
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Mock Test of JAIIB PRINCIPLES & PRACTICES OF BANKING.
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This is the end of principles of banking mcqs with answers Below We have Provided Jaiib PPB Mcq Pdf Feel free to Download and Learn.
1. what is the eligibility criteria to compete in JAIIB Exam?
Answer:- 1. The JAIIB examination is open only to the ordinary members of the institute. (Any person working in the banking and finance industry). 2. The JAIIB appearing candidates must have passed the 12th standard examination in any discipline.
2. what is JAIIB Syllabus for 2020 – 2021 Examination
Answer:- The syllabus for 2021 is 1. Principles & practices of Banking. 2. Accounting and Finance for Bankers 3. Legal and Regulatory Aspects of Banking.
3. what is the IIBF exam passing marks in 2020?
Answer:- Minimum passing marks for the IIBF Exams is 50 out of 100. candidates who scores at least 45 marks in each subject with an aggregate of 50% marks in all subjects of IIBF examination in a single attempt will also be declared as having completed the examination.
4. How many times can we give IIBF Exams?
Answer:- Candidates will be required to pass the examination within a time limit of 2 years (i.e. 4 consecutive attempts) candidates who failed to pass examination within a given period of time, then the following candidates have to re-enroll themselves as a fresher. such candidates will not be granted subject credits/of earlier passed subjects. The time duration of 2 years will start from the date of application you submitted for the first attempt.
5. what is JAIIB Exam fees 2020?
Answer:- *First attempt fee- Rs.2700/- Plus convenience charges and Taxes as applicable. *2nd attempt fee- Rs.1300/- Plus convenience charges and Taxes as applicable. *3rd attempt fee- Rs.1300/- Plus convenience charges and Taxes as applicable. *4th attempt fee- Rs.1300/- Plus convenience charges and Taxes as applicable. *Note:– candidates are required to register for every attempt separately.
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