JAIIB Principles and Practices of Banking Mcq Pdf

In In this article we have provided JAIIB Principles and Practices of Banking Mcq Pdf . There are 30 Mcq in this JAIIB Principles and Practices of Banking Mcq Pdf are essential for candidates to practice and solve the paper to get confidant about the upcoming exam. JAIIB Mcq Pdf will not only help you in the exams with time management but also with some of the repeated questions which will help you with the few marks which can lead to extra scores…!!!

JAIIB stands for Junior Associate of Indian Institute of Bankers.

JAIIB Mcq Pdf

JAIIB Principles and Practices of Banking Mcq Pdf

1. In the terms of Section 19(2) of the Banking Regulation Act, 1949, ‘no banking company shall hold shares in any company, whether as pledgee, mortgagee or absolute owner, of an amount exceeding thirty per cent of the paid-up share capital of that company or thirty per cent of its _________, whichever is less’. Shares held in a demat form should also be included for the purposes of determining the exposure limit?
(a) own paid up share capital and reserves
(b) tangible net worth
(c) risk weighted assets
(d) paid-up capital

Correct!

Wrong!

2. Mr. Krishna borrowed a loan from a bank and failed to make interest or principal payment for 90 days, the Bank classified the loan as ______?
(a) Bank debt
(b) Credit loan
(c) Subprime lending
(d) Non-Performing assets

Correct!

Wrong!

3. The Special Drawing Right (SDR) is an International Reserve Asset, created by ______?
(a) World Bank
(b) IMF
(c) ADB
(d) WTO

Correct!

Wrong!

4. The number of which component of the Central Board of Directors of RBI, does not match?
(a) Governor – 1
(b) Dy. Governors – 6
(c) Directors – 15
(d) None of the above

Correct!

Wrong!

5. In the balance sheet of a bank, the off balance sheet items are shown as ______?
(a) Assets
(b) Liability
(c) Asset or liability as per its nature
(d) Notes to the balance sheet

Correct!

Wrong!

6. To make the cost of credit costlier, which of the following is done by RBI?
(a) Decrease in bank rate
(b) Increase in repo rate
(c) Increase in SLR
(d) All the above

Correct!

Wrong!

7. U/s 22 of RBI Act, RBI, which of the following statements is not correct?
(a) Has authority to issue and manage currency of India
(b) Issues bank notes and currency notes
(c) Can issue bank notes having denomination Rs.2 to Rs.10000
(d) The bank notes are legal tender at any place in India.

Correct!

Wrong!

8. Govt. regulates the banking system by affecting the decision making by RBI since ______?

(A) Govt. holds the entire share capital of RBI 

(B) Govt. can give direction to RBI u/s 7 (1) of RBI Act. 

(C) Govt. has absolute powers over the banking system
(a) A to C all correct
(b) A and B only are correct
(c) B and C only are correct
(d) A and C only are correct

Correct!

Wrong!

9. A _____ is a type of transferable financial instrument traded on a local stock exchange of a country but represents a security issue by a foreign publicly listed company?
(a) Depository receipt
(b) Derivative
(c) Option
(d) Participatory notes

Correct!

Wrong!

10. Cheque truncation can be done by ______? (A) using image processing (B) using MICR data (C) sending by courier or speed post for early delivery
(a) A, B and C all
(b) A and B only
(c) B and C only
(d) A and C only

Correct!

Wrong!

11. Scheduled commercial banks (SCBs) and primary dealers (PDs) have been allowed with effect from November 2006, to cover their short positions within an extended period of _____?
(a) five trading days
(b) two trading days
(c) short sales not permitted
(d) seven trading days

Correct!

Wrong!

12. The decision support system makes use of _______? (A) query language (B) ad-hoc report generator (C) statistical analyzer (D) graphics
(a) A to C only
(b) B and C only
(c) A to D all
(d) B, C and D only

Correct!

Wrong!

13. The facility that enables Indian exporters to extend term credit to importers of eligible goods at the post- shipment stage is called _____?
(a) buyer’s credit
(b) channel financing
(c) seller’s credit
(d) supply chain partnering

Correct!

Wrong!

14. U/s 35-A of Banking Regulation Act, a banking company, before allowing transfer of shares, is required to obtain RBI acknowledgment if such transfer results in holding more than _____% of the paid up capital of the bank?
(a) 2%
(b) 5%
(c) 7.5%
(d) 10%

Correct!

Wrong!

15. Mr. Maniraju issues a cheque favouring Mr. Raj Kumar, who endorses it in blank and delivers it to Mr. Tahir Hussain. Mr. Tahir makes another endorsement in favour of Mr. Ravi Kumar. Who can encash the cheque?
(a) Ravi Kumar
(b) Raj Kumar
(c) Tahir Hussian
(d) Mr. Maniraju and Raj Kumar only

Correct!

Wrong!

16. Those terminals that are attached to a server in a computer network system, are called _____?
(a) CPU, Nodes Clients
(b) Only CPU and Clients
(c) Only clients and nodes
(d) Only CPU and nodes

Correct!

Wrong!

17. Which of the following payment system locations does not match?
(a) Clearing House Interbank Payment System (CHIPS)-USA
(b) Clearing House Automated Payment System (CHAPS)-Singapore
(c) Clearing House Automated transfer System (CHATS)-Hong Kong
(d) INFINET- India.

Correct!

Wrong!

18. Devices are connected to a single continuous cable, on a computer network, in case of _____?
(a) Star topology, bus topology and ring topology
(b) Star topology
(c) Bus topology
(d) Ring topology

Correct!

Wrong!

19. A service as a product, has essential characteristics, such as ______? (A) intangibility (B) inseparability (C) heterogeneity (D) perishability
(a) A to C only
(b) B and C only
(c) A to D all
(d) B only

Correct!

Wrong!

20. Securitization is a process of acquiring the loans, classified by Banks as ______?
(a) Book debts
(b) Performing debts
(c) Bad debts
(d) Non-performing debts

Correct!

Wrong!

21. Which of the following Act/s is/are meant to regulate the Indian Banking System?
(a) Negotiable Instrument Act, Banking Regulation Act, Companies Act
(b) RBI Act, Banking Regulation Act, Companies Act
(c) Banking Regulation Act, Prevention of Money laundering Act
(d) RBI Act, Banking Regulation Act

Correct!

Wrong!

22. Use of ultraviolet ray lamps is mandatory, as per RBI guidelines to prevent frauds, where the amount of cheque exceeds Rs. ______?
(a) 50,000
(b) 1 lac
(c) 2 lac
(d) Bank discretion

Correct!

Wrong!

23. If a borrower has applied for transfer of his loan account to another bank, the transfer bank is to convey its decision within _______ from the date of receipt of such request?
(a) 30 days
(b) 21 days
(c) 14 days
(d) Discretion of the bank

Correct!

Wrong!

24. Which among the following forms a part of the Local Area Network (LAN)? (A) work station (B) disk duplexing (C) file server (D) modem
(a) A to D all
(b) B, C and D
(c) A, C and D
(d) A, B and C

Correct!

Wrong!

25. The Basel II Accord differs from the earlier accord by the introduction of an explicit treatment for _______ in the definition of risk-weighted assets?
(a) Credit Risk
(b) Operational Risk
(c) Market Risk
(d) none of the above

Correct!

Wrong!

26. _______ is a tool for general Credit control used by RBI which not only influences the flow of liquidity for the purpose of expansion or contraction of credit but also helps RBI to stabilize money supply and prices of Government securities?
(a) Bank Rate
(b) CRR/ SLR
(c) OMO
(d) Direct Auction

Correct!

Wrong!

27. “Sub-Prime lending” is a loan made to _____?
(a) The corporate business company which pay back its loan before the date
(b) The individual who takes loan by keeping security
(c) the bank was authorized by RBI to give loans at reduced rates to some people
(d) Such person do not have a good credit history

Correct!

Wrong!

28. A data mining technique can be used for _______? (A) predicting future trends based on information available (B) credit risk analysis (C) analyzing demographic information about customers
(a) A to C all
(b) A and B only
(c) B and C only
(d) only C

Correct!

Wrong!

29. The information technology impacts banks due to _______? (A) change in organizational structure (B) change in organizational orientation (C) change in service delivery channel (D) change customer aspiration
(a) A to C only
(b) B and C only
(c) A to D all
(d) B, C and D only

Correct!

Wrong!

30. Which of the following statements is not correct?
(a) A coaxial cable consists of an inner copper conductor held in position by circular spacers
(b) A twisted pair cable consists of two insulated copper wire
(c) In optical fiber data is transmitted through a very thin glass or plastic fibers with a beam of light OR laser beam driven by a high speed high current driver
(d) None of the above

Correct!

Wrong!

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JAIIB Objective Questions and Answers Pdf

JAIIB Ppb Mcq Pdf (Download)

“A mind of moderate capacity which closely pursues one study must infallibly arrive at great proficiency in that study.”

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