JAIIB Practice Test - Principles and Practice of Banking

Supervision over the depositories and stock exchanges is the role of:
PFRDA
SEBI
IRDA
RBI
Against which type of the following security, the banks can sanction loans:
none of the above
FDR issued by other bank
certificate of deposit
commercial paper
If a person wants to undertake trading on a stock exchange as a broker he has to fulfill which of the following conditions:
registration with SEBI and membership of the concerned stock exchange and required financial strength.
registration with SEBI, membership of the concerned stock exchange and relevant educational qualification
registration with SEBI and membership of the concerned stock exchange
registration with RBI and membership of the concerned stock exchange
In a book building issue, which of the following term relating to price match:
all the above
cut off price – the minimum price below which the share will not be issued
floor price – the price at which the share shall be actually issued
the price band – the range of price with in which the issue will be made
The responsibility to make investment in various types of securities for a mutual fund lies with which of the following:
custodians
asset management company
trustee
sponsor
The bancassurance business is convergence of:
all the above
insurance products and the bank customers
banking and insurance
branch and bank staff
In a bank guarantee, the banks undertake to guarantee the:
none of the above
financial commitments of their borrowers and performance of contracts by their borrowers
performance of contracts by their borrowers only
financial commitments of their borrowers only
A forward exchange contract is a contract between the bank and ____ for ____ of specified quantity of foreign currency:
customer, sale or purchase
customer, sale only
bank, purchase only
bank, sale only
In a situation of strategic alliance,
any of the above.
one of the alliance partners, acquires the other
remain separate entities
the alliance partners merge with each other
The minimum maturity period of Certificate of deposit as reduced from April 2005 is:
15 days
14 days
10 days
7 days
From an individual customer, which of the following documents can be accepted for the purpose of identification, under KYC guidelines of RBI:
any of the above
voter identity card
ration card
telephone bill
An amount of Rs.20000 deposited as cash by Sohan Lal has been posted by the bank in the account of Sohan Lal Mohan Lal. The relationship between bank and Sohan Lal Mohan Lal is that of:
agent - principal
trustee - beneficiary
creditor- debtor
debtor - creditor
When two accounts are combined for the purpose of final settlement of mutual debts, it is called:
appropriation
implied pledge
set off
particular lien
Which of the following cheques cannot be paid by the paying bank, if presented:
none of the above
cheque is accidentally torn by the payee and he confirms that it happened by mistake and he takes responsibility for loss
cheque is accidentally torn by the drawer and he confirms the mutilation
cheque is accidentally torn by collecting bank and bank confirms mutilation guaranteed
The banks permits the minors to open bank account subject to certain conditions:
the permission is with a view to meet the requirement of law
the permission is with a view to meet RBI directives
the permission is with a view to inculcate the habit of saving and thrift
all the above
What is the maximum validity period of a travellers’ cheque:
1 months
3 months
6 months
none of the above
Under turnover method of working capital calculation, the operating cycle is assumed on average for:
one month
two months
six months
three months
Within 60% target for micro enterprises within MSE advances, there are further targets for micro enterprises. Which of the following is correct:
20% points out of 60% points, should be given to micro enterprises with investment in plant and machinery above Rs.5 lac and equipment above Rs.2 lac
20% points out of 60% points, should be given to micro enterprises with investment in plant and machinery and equipment above Rs.5 lac
40% points out of 60% points, should be given to micro enterprises with investment in plant and machinery and equipment up to Rs.2 lac
40% points out of 60% points, should be given to micro enterprises with investment in plant and machinery and equipment up to Rs.5 lac
A loan has been sanctioned for development of fruit orchards. It shall be part of which of the following types of agriculture loans:
it is not an agriculture loan
land development
farm mechanization
finance to horticulture
Bank-B released a loan of Rs.35 lac to a partnership firm for purchase of fixed assets and for meeting working capital limits. The loan documents were signed by three partners at three different places on January 12, 2009, January 26, 2009 and January 25, 2009. Which among these will be the starting point for the purpose of validity of the documents for limitation purpose:
limitation begins with reference to Jan 26, 2009
limitation begins from January 12, 2009
documents are not valid as these have been executed on different dates
documents are not valid as these have been executed at different places




































































































Description:

A practice test for improving accuracy and speed

Discussion

Himani

PLZ SEND THE PREVIOUS YEAR PAPERS OF JAIIB.plzz plzzz
himanichopra63@yahoo.com

20 days 3 hours 22 minutes ago

Vijayalaxmi Sadarangani

please send me previous papers of JAIIB Principles of Banking

99 days 6 hours 46 minutes ago

Kumar

Dear Sir,
Please send me the previous year papers of JAIIB for practice with answers to my mail vilankumarvellala@gmail.com
Thanking you

123 days 19 hours 7 minutes ago

pankaj

Dear sir,
please send me the previous years papers of JAIIB for practice with answers on my e-mail id sujal_majhi@rediffmail.com

sujal_majhi

147 days 1 hours 19 minutes ago

Bibhum Tripathi

dear sir
how to get previous year ques paper and mock test paper

198 days 6 hours 2 minutes ago

Neeraj

Dear Sir,

please send me the previous years papers of JAIIB for practice on my e-mail id neerajsingh6095@gmail.com.

please send me ASAP

Neeraj singh

1083 days 3 hours 46 minutes ago

parveen

is there only one test

1117 days 23 hours 53 minutes ago

ANURADHA JAGDALE

CAN I GET TEST PAPER IN MY MAIL ID PLEASE.

1141 days 22 hours 34 minutes ago

ANURADHA JAGDALE

PLEASE EXPLAIN ME BASEL II

1141 days 22 hours 35 minutes ago

ANURADHA JAGDALE

IT IS GOOD. PLEASE TRY TO GIVE MORE TEST

1141 days 22 hours 36 minutes ago

N S Toor
He teaches banking to bankers and non-bankers
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