jaiib

7/21/2019 jaiib

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As you want to get the JAIIB question papers on Accounting and Finance previous year

question papers so here is the information of the same for you:

1) The apex institution which handes refinance for agricuture and rura deveopment is

caed:

a) !BI

") #I$BI

c) %ABA!$

d) #&BI

Ans:' (c)

) *ong Form Audit !eport (*FA!) is prepared and su"mitted "y

a) !BI inspectors

") Interna inspectorsc) #tatutory auditors

d) +oncurrent auditors

Ans:' (c)

,) As per FI--$A.s guideines/ the -id'0ffice is responsi"e for:

a) $eaing activities

") !is -anagement

c) !econciiation

d) +onfirmation of deas

Ans:' (")

2) Interest is cacuated on actua3,45 days "asis in respect of the foowing products/

except one :

a) +a -oney

") %otice -oney

c) Term -oney

d) 60I dated securities

Ans:' (d)

5) 7hich was the first -utua Fund started in India:

a) #BI -utua Fund

") 8ota 9ioneer -utua Fund

c) Indian Ban -utua Fund

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d) %one of the a"ove

Ans:' (d)

4) The reguator for -utua Funds in India is:

a) FI--$A

") A-FI

c) !BI

d) #&BI

Ans:' (d)

) FI--$A.s genera principes and procedures are appica"e to:

a) Fixed Income -arets

") -oney -aretsc) $erivatives -arets

d) A of the a"ove

Ans:' (d)

;) <our "an.s customer =<> *td/ en?oys a ++ imit of !s@1//@

The ++ account shows a credit "aance of !s/1/5@@

The reationship "etween your "an and =<> *td is:

a) $e"tor3+reditor") +reditor3$e"tor

c) Baior3Baiee

d) Baiee3Baior

Ans:' (a)

) The right of set'off is:

a) +ustomer.s !ight

") +ustomer.s 0"igation

c) Baner.s !ightd) Baner.s $iscretion

Ans:' (d)

1) 7hich of the foowing forms of "usiness are permissi"e under B! Act:

a) Borrowing

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") Issuance of *etters of +redit

c) Buying and seing of "uion

d) A of the a"ove

Ans:' (d)

11) !eserve Ban of India.s functions are cassified into:

a) #upervisory C !eguatory

") 9romotiona C $eveopmenta

c) !efinance Activities

d) A of the a"ove

Ans:' (d)

1) -inimum Ban !ate is:

a) ,D

") 2D

c) 5D

d) %one

Ans:' (d)

1,) #ec '''' of !BI Act/1,2 gives soe power to !BI to issue currency notes

a) 1

") 1;c)

d) 4

Ans:' (c)

12) 8<+ means

a) 8now <our +ustomer very we

") 8now <our existing +ustomer very we

c) 8now <our prospective +ustomer very we

d) #atisfy yourseves a"out the customer.s identity and activities@

Ans:' (d)

15) In a 6arnishee 0rder/ the "aner on whom garnishee order served is:

a) Judgement $e"tor.s +reditor

") Judgement +reditor.s +reditor

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c) Judgement +reditor.s $e"tor

d) Judgement $e"tor.s $e"tor

Ans:' (d)

1@ +hoose the wrong pair from the foowing@ The information given in the pair is pertainingto "aning companies

(a) $emand $eposits ' +ompusory deposits under excise rues

(") re"ate on "is discounted ' unexpired discount

(c) 0perating &xpenses #chedue 12

(d) 0ther Income ' 9rofit on sae of investments ess oss on sae of investments

@ The name of the accounts with the coverage of various items in "uiding that account isgiven "eow@ 0ne of the items covered in on of the accounts is wrong@ #eect this account

(a) +osing "aance of provisions hed towards %9A ' 0pening Baance pus provisions made

during the year ess write off of "ad de"ts3write "ac of excess provisions

(") Interest &arned ' interest on advances pus income on investments pus interest on

deposit with !BI pus income earned "y way of dividends from su"sidiaries pus discount on

"is ess unexpired discount

(c) !eserves C surpus ' 0pening "aance pus additions during the year ess deductions

during the year

(d) Term deposits ' from "ans and from 0thers

,@ Identify a pair which is mismatch from the foowing pairs in respect of +ompany

Accounts

(a) -isceaneous &xpenditure E 9reiminary &xpenses

(") +ontingent *ia"iities E footnote to "aance sheet

(c) $e"entures E nsecured *oans

(d) 0utstanding &xpenses E +urrent *ia"iities

2@ Identify a pair which is mismatch from the foowing pairs in respect of +ompany

Accounts

(a) $iscount on issue of shares E 9rofit and *oss Account

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(") Bi discounted E contingent ia"iities

(c) Interest accrued and due on de"entures E #ecured *oans

(d) -ortgage *oan E #ecured *oans

5@ +ompanies are required to transfer certain percentage of their profit after tax to reserves/

to decare dividend@ The various rates of transfer "ased on the rates of dividend are given

"eow in pair@ #eect the wrong pair@

(a) !ate of dividend exceeds 1D "ut not 1@5' Transfer to reserve G %iD

(") !ate of dividend exceeds 1@5D "ut not 15D' Transfer to reserve G 5D

(c) !ate of dividend exceeds 15D "ut not D' Transfer to reserve G @5D

(d) !ate of dividend exceeds D ' Transfer to reserve G 1D

4@ 7hie preparing the fina accounts of the company/ the ad?ustments H(i) to (iv) are to "e

made "y passing necessary entries@ 0ne of the entries passed is wrong entry@ #eect the

wrong entry@(i) $epreciate pant /7$ of which is !s@,/,/ at 15D (ii) 7rite off

!s@5/ from 9reiminary &xpenses (iii) Kaf years de"enture interest due (1D de"entures

of !s@ ,//) (iv) a caim of !s@ 5/ for wormen.s compensation is disputed "y the

company@

(a) $e"it $epreciation on pant "y !s@2/5 credit pant "y 2/5 A%$ $e"it 9rofit C *oss

Account "y 2/5 and +redit $epreciation on pant "y 2/5

(") $e"it 9rofit and *oss Account "y !s@5/ and +redit 9reiminary &xpenses

(c) $e"it $e"enture Interest "y !s@1;/ C 0utstanding *ia"iity for $e"@ Interest "y

1;/ A%$ $e"it 9rofit and *oss Account "y !s@1;/ and +redit $e"enture Interest "y

!s@1;

(d) $e"it 7ages "y !s@5/ C +redit 0utstanding *ia"iity for 7orers compensation A%$

$e"it 9rofit and *oss Account "y !s@5/ and +redit 7ages "y !s@5/

@ 7hie preparing the fina accounts of the company/ the ad?ustments H(i) to (iv) are to "emade "y passing necessary entries@ 0ne of the entries passed is wrong entry@ #eect the

wrong entry@(i) 9rovide dividend 5D of paid up share capita (#hare capita of !s@ 5//

consisting of shares of !s@ 1 each fuy paid) (ii) Insurance for unexpired period is !s@

(iii) A provision of !s@ 5/ is to "e made for income tax (iv) a provision of !s@ 5 is to

"e made for dou"tfu de"ts

(a) $e"it $ividend "y !s@5 C +redit Ban "y !s@5

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(") 9repaid Insurance "y !s@ C Insurance "y !s@

(c) $e"it 9rofit C *oss Account "y !s@5/ C +redit 9rovision for Tax "y !s@5/

(d) $e"it 9rofit C *oss "y !s@5/ C +redit 9rovision for dou"tfu de"ts "y !s@5/

;@ In respect of asset side of the "aance sheet one of the items is presented in a proper

order/ rests are disordery@ #eect the ordery presented item from the foowing@

(a) Investments/ Fixed Assets/ +urrent Assets C *oan Advances/ 9rofit C *oss Account($r@

"aance)/ -isceaneous &xpenditure

(") Fixed Assets/ Investments/ +urrent Assets C *oan Advances/ 9rofit C *oss Account($r@

"aance) / -isceaneous &xpenditure

(c) Fixed Assets/ Investments/ +urrent Assets C *oan Advances/ -isceaneous &xpenditure/9rofit C *oss Account($r@ "aance)

(d) Fixed Assets/ +urrent Assets C *oan Advances/ 9rofit C *oss Account($r@ "aance)/

-isceaneous &xpenditure

@ 0ne of the statements in respect of 9rofit C *oss Ad?ustment account is incorrect/ rest are

correct@ -ar the incorrect sentence@

(a) The account is credited with cosing "aance of profit and oss account of ast year

(") The account is credited with current year.s net profit

(c) The account is de"ited with provision for taxes

(d) The account is de"ited with provision for dividend

1@ The two portion of each pair reating to partnership accounts has got some reationship@

Kowever one of the pairs is a mismatch and has no reationship@ #eect this pair from the

foowing

(a) -anagement of "usiness ' "usiness may "e run "y one or some or a partner

(") Treatment of osses ' insovency of a partner

(c) *oan from partners ' %o interest as partners are owners

(d) 6oodwi ' super profit method

11@ The two portion of each pair reating to admission of a partner has got some

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reationship@ Kowever one of the pairs is mismatch and has no reationship@ #eect this pair

from the foowing

(a) Admission of a partner ' gain ratio

(") !eserves C surpus ' 0d partners

(c) 6oodwi ' new partner

(d) !evauation of assets C ia"iities ' 9rofit C *oss ad?ustment account

1@ The two portion of each pair reating to retirement of a partner has got some

reationship@ Kowever one of the pair is mismatch and has no reationship@ #eect this pair

from the foowing

(a) !etirement ' vountary action

(") 6ain ' retiring partner

(c) #hare of goodwi ' "orne "y continuing partners

(d) !eserve C surpus ' "eong to a partners

1,@ If the partners capita accounts are fixed/ where wi you record (either de"it side or

credit side of which account ) the foowing transactions (i) #aary paya"e to partner (ii)

Fresh capita introduced "y a partner (iii) $rawing made "y a partner (iv) #hare of profit

earned "y a partner@ The effect to one of the ?ourna entries is wrongy given@ Identify that

account from the foowing@

(a) $e"it side of partner.s current account

(") +redit side of partner.s capita account

(c) $e"it side of partner.s current account

(d) +redit side of partner.s current account

12@ */8 and 9 are partners@ The foowing differences as isted at (i) to (iv) have arisen due

to misunderstanding@ The answer to each point is given at (a) to (d)@ 0ne of the soutions isincorrect@ Identify the wrong soution@ (i) * used !s@5/ "eonging to the firm and made

a profit of !s@2/@ 8 wants the amount to "e given to the firm (ii) 9 used !s@1/

"eonging to the firm and suffered a oss of !s@ ,@ Ke wants the firm to "ear the oss (iii)

* C 8 wishes to appoint # as new partner@ 9 does not agree (iv) * has given oan of !s@

5/ to the firm/ he wants interest at 4D ( there is no partnership deed)

(a) 8 is right @* must pay !s@/ to the firm

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(") 9 is right @ Firm shoud "ear profit as we as osses@

(c) 9 is right@ %o new partner can "e admitted without the consent of a@

(d) * is right@ Ke is entited for interest at 4D in the a"sence of partnership agreement@

15@ Beow are some statements a"out partnership@ 0ne of them is correct/ identify that

statement@

(a) 9artnership arises from reputation

(") A partnership is formed ony for a ega "usiness

(c) The ia"iity of partners is imited

(d) The "usiness of the firm is conducted "y two partners

14@ 0 and 9 are two partners sharing profits in the ratio of :,@ They admit L into

partnership as a partner from 1st Apri 4 on ,3th share in the profit@ 7hat is the new

profit sharing ratio

(a) 12: 4 : 15

(") : ,: ,

(c) : : ,

(d) %one of the a"ove

1@ A firm earns !s@1/ as its norma profits@ The rate of norma return "eing 1D@ The

assets of the firm amount to !s@/ and ia"iities to !s@2/@ Find out the vaue of

goodwi@

(a) !s@5/

(") !s@1//

(c) !s@;/

(d) %i

1;@ 7hen a new partner gives cash for goodwi/ the amount is credited to'''''

(a) 6oodwi account

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(") +apita account of new partner

(c) +ash account


1@ If the goodwi account is raised for !s@5// the amount is de"ited to'''''

(a) The capita accounts of partners

(") 6oodwi account

(c) +ash account


@ A and B sharing profits and osses in the ratio of :1@ + is admitted as partner givinghim M share@ The new profit sharing ratio wi "e'''''

(a) :1:1

(") 2: 2:,

(c) ,: ,:


1@ If the ad?ustment in the vaues of assets at the time of the admission of a partner showsa profit/ it shoud "e credited to the capita accounts of'''''

(a) The od partners in their new profit'sharing ratio

(") A partners in their new profit sharing ratio

(c) The od partners in their od profit sharing ratio


@ A/ B and + are three partner sharing profits in the ratio of ,:1:1@ + retires and his shareis purchased "y B@ the new profit sharing ratio sha "e'''''

(a) ,:1

(") :,

(c) ,:

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,@ 0n the retirement of the partner/ the profits on revauation of assets shoud "e credited

to the accounts of'''''

(a) A the partners in their profit sharing ratio

(") The remaining partners in their new profit sharing ratio

(c) The remaining partners in their od profit sharing ratio


2@ A/ B and + share profits as ,::1@ + retires@ +acuate the gain ratio of A and B

(a) ,:

(") 1:1

(c) :1


5@ +hoose the incorrect statement in case of dissoution of partnership from the foowing

statements

(a) 0n the dissoution of the firm / first creditors ie wages outstanding etc@ wi have to "epaid

(") 6oodwi wi "e raised in the "oos when a firm is dissoved

(c) The oan from the spouse of a partner is treated ?ust ie a oan from outside parties

(d) After the "oos are cosed/ no account wi show any "aance@

4@ +hoose the incorrect statement from the foowing statement which are pertaining to

company accounts

(a) The company is an artificia person

(") A mem"er of a company may "ind the company "y its actions@

(c) The sharehoders are not ia"e for the acts of the company

(d) The premium received on shares may "e distri"uted among sharehoders@

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@ A new company cannot issue shares'''''

(a) at par

(") at discount

(c) at premium

(d) none of the a"ove

;@ A company wishes to pay dividend on shares@ #tate which of the foowing may "e used

for the purpose@

(a) 9remium of shares

(") 9rofit on re'issue of forfeited shares

(c) 6enera !eserve


@ If !s@1 share has "een issued at a premium of !s@5/ on which entire amount has "een

caed up/ has "een forfeited for non payment of !s@ 2/ the N#hare +apita Account. wi "e

de"ited "y'''''

(a) !s@15

(") !s@1

(c) !s@2

(d) !s@4

,@ -oney received in advance from sharehoder "efore it is actuay caed up "y the

company is '''''

(a) $e"ited to +as in arrears Account

(") $e"ited to +as in Advance Account

(c) +redited to +as in Advance Account

(d) +redited to #hare +apita Account

,1@ If a share of !s@1 issued at a premium of !s@1 on which !s@ ( incuding premium)

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have "een caed and !s@( incuding premium) paid is forfeited/ the capita account shoud

"e de"ited "y'''''

(a) !s@;

(") !s@1

(c) !s@

(d) !s@

,@ $ividend are usuay paid on

(a) +aed up capita

(") 9aid up capita

(c) Authorised capita


,,@ 9reiminary &xpenses is'''''

(a) Fictitious Asset

(") +urrent ia"iity

(c) +urrent asset


,2@ A and B are partners sharing profits in the ratio of ,:@ + is admitted as a partner@ The

new profit sharing ratio among A/ B and + is 2:,:@ Find out the sacrificing ratio

(a) :,

(") 2:,

(c) 1:1


1) !eserve Ban of India.s functions are cassified into:

a) #upervisory C !eguatory

") 9romotiona C $eveopmenta

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c) !efinance Activities

d) A of the a"ove

Ans:' (d)

) -inimum Ban !ate is:a) ,D

") 2D

c) 5D

d) %one

Ans:' (d)

,) #ec '''' of !BI Act/1,2 gives soe power to !BI to issue currency notes

a) 1

") 1;c)

d) 4

Ans:' ( c )

2) 8<+ means

a) 8now <our +ustomer very we

") 8now <our existing +ustomer very we

c) 8now <our prospective +ustomer very we

d) #atisfy yourseves a"out the customer.s identity and activities@

Ans:' (d)

5) In a 6arnishee 0rder/ the "aner on whom garnishee order served is:

a) Judgement $e"tor.s +reditor

") Judgement +reditor.s +reditor

c) Judgement +reditor.s $e"tor

d) Judgement $e"tor.s $e"tor

Ans:' (d)

4) #ec 1,1 of %I Act/1;;1 extends protection to the

a) 9aying Baner

") +oecting Baner

c) Advising Baner

d) Issuing Baner

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Ans:' (")

) Kypothecation is appica"e in the case of

a) -ova"e goods

") Immova"e propertyc) Boo de"ts

d) +orporate guarantee

Ans:' (a)

;) A cheque is dated 13535@the due date is:

a) 13;35

") 12335

c) 131135

d) %one

Ans:' (d)

) +harge created on *I+ 9oicy is:

a) Kypothecation

") 9edge

c) Assignment

d) -ortgage

Ans:' ( c )

1) <our "an grants a woring capita finance to AB+ C +o/ a partnership firm/ against

hypothecation of inventory@ The charge is to "e registered with !egistrar of +ompanies

within

a) , days from the date of advance

") , days from the date of hypothecation agreement

c) , days from the date of sanction of oan

d) %one

Ans:' (d)

11) 7hich one of the foowing is not "arred "y aw of imitationO

a) 9edge

") Kypothecation

c) Baner.s ien

d) 6uarantee

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Ans:' ( c )

1) The term P+redit -anagementQ covers

a) +apita adequacy norms

") !is management incuding Asset3*ia"iity managementc) +redit appraisa E decision and review of oans C advances

d) A of the a"ove

Ans:' (d)

1,) Ban.s Assets are cassified in to standard assets/ su"standard assets dou"tfu assets

and oss assets/ "ased on the recommendations of '''''''''''''''''''' +ommittee

a) !angara?an

") %arasimhamc) 6hosh

d) Tandon

Ans:' (")

12) The time taen to convert cash into raw materias/ semi finished goods/ finished goods

and into cash / is nown as

a) Trade cyce

") +ash cyce

c) 0perating cyced) !evoving cyce

Ans:' ( c )

15) A company which poos money from investors and invests in stocs/ "onds/ shares is

caed

a) A "an

") An insurance company

c) Bancassurance

d) -utua Fund

Ans:' (d)

14) Bancassurance is

a) An insurance scheme to insure "an deposits

") An insurance scheme to insure "an advances

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c) A composite financia service offering "oth "an and insurance products

d) A "an deposit scheme excusivey for empoyees of insurance companies

Ans:' ( c )

1) John C James are friends aged 12 C 15 respectivey@ They want to open a ?oint accountin your "an@ <ou wi

a) Aow them to open a ?oint account to "e operated ?ointy

") Aow them to open a ?oint account with operating instructions &ither or #urvivor

c) Aow them to open a ?oint account with operating instructions Former or #urvivor

d) Aow them to open a ?oint account with operating instructions Any one or #urvivor

Ans:' (a)

1;) -r@Atmaram as director of a *td company expired@ Ban received a cheque signed "y

-r@Atmaram as director of the *td company@ The "an

a) +an honour the cheque ony after o"taining confirmation from other directors

") +an honour the cheque

c) +annot hounour the cheque

d) The company shoud issue a stop payment instructions to the "an

Ans:' (")

1) Tee "aning service is "ased on

a) irtua Baning") 0nine Baning

c) oice processing

d) +ore Baning

Ans:' ( c )

) In a securitisation dea/ the roe of a #pecia 9urpose ehice (#9) is

a) To acquire arge %on 9erforming *oans (%9A)

") To acquire such oans from a "an or financia institution

c) To acquire such oans for a transfer price/ with or without recoursed) To manage the acquired oans for the purpose of reaiRation or hods them as investment

ti maturity (d)

1)#ecuritisation is a process of acquiring the oans cassified as

a) Boode"ts

") 9erforming de"ts

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c) Bad de"ts

d) %on performing de"ts

Ans:' (d)

)The minimum percentage of 9riority #ector advances to "e maintained "y foreign "ansin India

a

) 2D

") 1;D

c) ,D

d) 4D

Ans:' ( c )

,) *oan for fish rearing is covered under 9rirority #ector as ''''''''''' advances

a) $irect Agricuture

") Indirect Agricuture

c) #ef &mpoyment #cheme

d) Aied to indirect Agricuture

Ans:' (a)

2) +ash Budget is a statement of

a) +ash'%on cash funds

") +ash receipt and +ash paymentsc) Another name for cash fow

d) %one

Ans:' (")

5) In "an.s parance credit ris in ending is

a) $efaut of the "aner to maintain +!!

") $efaut of the "aner to maintain #*!

c) $efaut of the "aner to reease credit to the customer

d) $efaut of the customer to repay the oan

Ans:' (d)

4) The apex institution which handes refinance for agricuture and rura deveopment is

caed:

a) !BI

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") #I$BI

c) %ABA!$

d) #&BI

Ans:' ( c )

) *ong Form Audit !eport (*FA!) is prepared and su"mitted "y

a) !BI inspectors

") Interna inspectors

c) #tatutory auditors

d) +oncurrent auditors

Ans:' ( c )

;) As per FI--$A.s guideines/ the -id'0ffice is responsi"e for:

a) $eaing activities

") !is -anagement

c) !econciiation

d) +onfirmation of deas

Ans:' (")

) Interest is cacuated on actua3,45 days "asis in respect of the foowing products/

except one :

a) +a -oney") %otice -oney

c) Term -oney

d) 60I dated securities

Ans:' (d)

,) 7hich was the first -utua Fund started in India:

a) #BI -utua Fund

") 8ota 9ioneer -utua Fund

c) Indian Ban -utua Fund


Ans:' (d)

,1) The reguator for -utua Funds in India is:

a) FI--$A

") A-FI

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c) !BI

d) #&BI

Ans:' (d)

,) FI--$A.s genera principes and procedures are appica"e to:a) Fixed Income -arets

") -oney -arets

c) $erivatives -arets

d) A of the a"ove

Ans:' (d)

,,) <our "an.s customer =<> *td/ en?oys a ++ imit of !s@1//@ The ++ account

shows a credit "aance of !s/1/5@@ The reationship "etween your "an and =<> *td is:

a) $e"tor3+reditor") +reditor3$e"tor

c) Baior3Baiee

d) Baiee3Baior

Ans:' (a)

,2) The right of set'off is:

a) +ustomer.s !ight

") +ustomer.s 0"igation

c) Baner.s !ightd) Baner.s $iscretion

Ans:' (d)

,5)7hich of the foowing forms of "usiness are permissi"e under B! Act:

a) Borrowing

") Issuance of *etters of +redit

c) Buying and seing of "uion

d) A of the a"ove

Ans:' (d)

,4) A +o'0perative Ban operating in different #tates are reguated "y:

a) #tate +o'0perative #ocieties Act

") Baning !eguation Act

c) -uti nit +o'0perative #ocieties Act

d) Baning *aws (appica"e to +o'0perative #ocieties)

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Ans:' ( c )

,) In respect of !egiona !ura Bans/ the share hoding pattern is:

a) +entra 6overnment 5D/#tate 6overnment ,5D/#ponsoring Ban 15D

") +entra 6overnment 5D/#tate 6overnment 15D/#ponsoring Ban ,5D") +entra 6overnment 15D/#tate 6overnment ,5D/#ponsoring Ban 5D

") +entra 6overnment ,5D/#tate 6overnment 5D/#ponsoring Ban 15D

Ans:' (")

,;) *aw of imitation is not appica"e in respect of :

a) Advance against pedge of shares

") ++ granted against hypothecation of inventory

c) Term oan secured "y mortgage of 9ant C -achinery

d) Ban Term $eposit

Ans:' (d)

,) A "an in India/ wants to undertae capita maret activities/ it shoud:

a) 0"tain specia icense from A-FI

") 0"tain specia icense from FI--$A

c) Both a and "

d) !egister with #&BI

Ans:' (d)

2) FI--$A stands for:

a) Foreign &xchange -arets and $erivative -arets

") Fixed Income -arets -oney -arets and $erivatives -arets

c) Fixed Income -arets and $erivatives -arets


Ans:' (")

21) The +apita Adequacy !atio is :

a) 4D

") ;D

c) D

d) 1D

Ans:' ( c )

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2) &xcept one of the foowing others are nown as %on Fund "ased faciities:

a) *etters of +redit

") Ban 6uarantees

c) +o'acceptance of Bisd) Trust !eceipt

Ans:' (d)

2,) FI--$A.s guideines cover the foowing products/ except one:

a) +a -oney

") +ross +urrency Interest !ate swaps

c) +ommercia 9aper

d) +ertificate of $eposit

Ans:' (")

22) &xcept one of the foowing others are part of 9u"ic #ector Bans:

a) #tate Ban of Kydera"ad

") +entra Ban of India

c) !egiona !ura Ban/ sponsored "y a nationaiRed "an

d) K$F+ Ban

Ans:' (d)

25) A "aner is expected to honour the cheques within the specified "aning hours as per

#ection of %I Act/1;;1

a)

") 5

c) ,1

d) 45

Ans:' (d)

MODEL QUESTIONS --- JAIIB

PRINCIPLES OF BANKING – MODULE A & B

1) When a he!"e #$ %a'n (n a an*+ ,he an* #$ ae% ,he

a)Payee

b)Drawee

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c)Drawer

d)Endorsee .)

/) One (0 ,he S,a,e G(en2en, aa#$ (0 a ,e23(a4 0#nan#a

a$$#$,ane 0(2 Re$ee Ban* (0 In%#a5 Th#$ ,43e (0 0#nane

#$ ae% 6

a)Overdraft

b)Temporary loan

c)Short term finance

d) Ways and Means advance .%)

7) Ma8#2"2 Ban* Ra,e #$6

a) 6%

b) !%

c) "%

d) #one .%)

9) O#:a,#(n (0 a Ban*e ,( 2a#n,a#n $ee4 #$ a33#ae ,(

a) Only in case of e$istin deposit acco&nts

b) Only in respect e$istin loan acco&nts

c) Only in case of closed acco&nts

d) 'll types of deposit(loan acco&nts e$istin(closed) .%)

;) Ban* A a('$ (ne (0 #,$ #en,$ ,( '#,h%a' a:a#n$,

ea#n: (0 a he!"e5 The an*e #$ ae% a$6

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a) *ollectin and Payin ban+er

b) ,older in d&e co&rse

c) ,older for val&e

d) -eimb&rsement ban+er .)

<) A$ 3e ,he 3(#$#(n$ (0 NI A,+1==1 a an*e :e,$ 3(,e,#(n

0( 3a42en, (0 a he!"e (n4 #0 #, #$ a 6

a) ,older in d&e co&rse

b) Payment in d&e co&rse

c) ,older for val&e

d) 'll of the above .)

>) A, a Ra#'a4 $,a,#(n+ 4(" '#,h%a' a$h 0(2 ATM (0 S,a,e Ban* (0 In%#a5 SBI #$ a 6

a) Payin .an+er

b) *ollectin .an+er

c) 'dvisin .an+er

d) /ss&in .an+er .a)

=) Mana:e2en, (0 a Ban* e$,$ '#,h

a) -eserve .an+ of /ndia

b) 'sset 0iability *ommittee '0*O)

c) .oard of Directors

d) #one of the above .)

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?) @a# #$$"e$ a $,(3 3a42en, #n$,",#(n$ ,( h#$ an*e ,(

S,(3 3a42en, (0 a he!"e 0( R$+/+55 Th#$ #$

a) ' re1&est from ,ari

b) 'n intimation from ,ari

c) 'n advice from ,ari

d) ' mandate from ,ari .%)

1) E8e3, (ne (0 ,he 0(('#n: #n$,"2en,$ (,he$ ae #$$"e%

a, %#$("n,5 I%en,#04 ,he e8e3,#(n6

a) ' *ertificate of Deposit *D)

b) ' Treas&ry .ill T.ill)

c) ' *ommercial Paper *P)

%) ' 2i$ed Deposit 2D) .%)

11) Ca$h Re$ee Ra,#( .CRR) #$ ,( e 2a#n,a#ne% (n Ne,

De2an% an% T#2e L#aa##,#e$ .NDTL)5SLR #$ ,( e

2a#n,a#ne% (n6

a) Total Demand and Time 0iabilities

b) #et Demand and Time 0iabilities

c) Total Demand and Time 'ssets

%) #et Demand and Time 'ssets .)

1/) Gan#$hee (%e #$ #$$"e% 46

a) 3&dement Debtor

b) 3&dement *reditor

c) 3&dement Debtor4s Debtor

%) #one of the above .%)

17) CAMEL 2(%e #$ "$e% 4

a) .an+ers to eval&ated a credit proposal

b) .an+ers to manae their ris+s

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c) -./ inspectors to eval&ate ban+s f&nctions

%) Merchant .an+ers to eval&ate portfolio investment .)

19) One (0 4(" NRI "$,(2e$ 'an,$ ,( 3ae FCNR

%e3($#,$ #n Cana%#an '#,h 4(" an*5 (" '#

a) 'ccept his re1&est and open a 2*#- a(c

b) Will not accept his re1&est to open 2*#- a(c in

*anadian 5

c) Will inform the c&stomer to place 2*#- in any

one of the c&rrencies S5(7.P(3P8(E-)

d) .oth b and c .a)

1;) Wh#h (ne (0 ,he N(n Re$#%en, De3($#, $he2e$

#$ n(, 3e2#,,e%5

a) 2*#- a(cs

b) #-#- a(cs

c) #-E a(cs

%) #-O a(cs .)

1<)A, ,he ,#2e (0 ee#3, (0 a :an#$hee (%e 4(" "$,(2e$

a("n,$ $h('e% 6

#)SB a "neae% aane R$5/+57; .Ceae% aane R$

;;57;)

##) An (e%"e 0#8e% %e3($#, 0( R$5/;+>;75// 2a,"e% (ne 'ee* ea#e

###)OD a("n, $h('e% a e%#, aane (0 R$5=+>/=5?<

#)CC a("n, $h('e% a e%#, aane (0 R$+/+/9>51=

In%#a,e ,he a2("n, 'h#h an e a,,ahe% 4 ,he :an#$hee (%e

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a) -s9:;""!9<"

b) -s9=!;:9>6

c) -s9?<;<>9<=

%) -s @;@<9"? .)

1>)(" ee#e a he!"e #n an (e%a0, a("n, 0( R$5/>+55

The %e#, aane #n ,he a("n, #$ R$57+5 an% ,he OD

#2#, #$ R$ ;;+55Wha, ea$(n 4(" '# $,a,e 'h#e e,"n#n:

a) -efer to drawer

b) Effects #ot cleared

c) E$ceeds arranement

d) Endorsement not correct .)

1=) Ma,h ,he 0(('#n:6

#) Pa42en, #n D"e C("$e A) In$"ane

##) Ka,a B) Ca$h Ce%#,

###) IRDA C) @UF

#) @43(,hea,#(n (0 Inen,(4D) Pa4#n: Ban*e

a) iAD;iiA*;iiiA';ivA.

b) iA';iiA.;iiiA*;ivAD

c) iA.;iiA';iiiAD;ivA*

%) iAD;iiA*;iiiA.;ivA' .a)

1?) Ma,h ,he 0(('#n:6

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I%en,#04 ,he C(22#,,ee$6

#)Ca$$#0#a,#(n (0 A$$e,$ A) Na4a*

##)C(23",e#$a,#(n #n Ban*$ B) Taa3(e

###)W(*#n: Ca3#,a 0( SSI$ C) Naa$#2ha2

#)Ca3#,a A("n, C(ne,a##,4 D) Ran:aaan

a) iA.;iiAD;iiiA*;ivA'

b) iAD;iiA*;iiiA';ivA.

c) iA.;iiA';iiiA*;ivAD

%) iA*;iiAD;iiiA';ivA. .%)

/) Ma,h ,he 0(('#n:6

#)F#nan#a #n,e2e%#a#e$ A) M","a 0"n%$

##)ATM$ B) E- Ban*#n:

###)Ce,#0#a,e (0 De3($#,$ C) M(ne4 Ma*e,$

#)B((* %e,$ D)A$$#:n2en,

a) iA*;iiAD;iiiA';ivA.

b) iAD;iiA*;iiiA.;ivA'

c) iA';iiA.;iiiA*;ivAD

%) iA';iiA*;iiiA.;ivAD .)

/1) RTGS $,an%$ 0( 6

a)-eal Time Settlement System

b)-eal Time 7ross Settlement System

c)-eal 7ross Settlement System

d)#one of the above .)

//) The an*e a,$ a$ a Ba#ee an% ,he "$,(2e a$ Ba#(+

,h#$ ea,#(n$h#3 #$ a33#ae6

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a)when a ban+ lends f&nds to a corporate c&stomer

b)when a ban+ accepts S5 2*#- deposits form a #-/ c&stomer

c)when a c&stomer operates a safe deposit loc+er

d)when a c&stomer +eeps articles in safe c&stody with a ban+ .%)

/7)One (0 4(" "$,(2e$ ($, ,he F#8e% De3($#, Ree#3, #$$"e%

4 ,he an*5 T( (,a#n a %"3#a,e FD he nee%$ ,( 0"n#$h

a) ' Promissory note

b)' 7&arantee

c)' 0etter of *redit

d)'n /ndemnity bond .%)

/9) In a %e2an% %a0, ,he '(% H(%e #$ han:e% ,( Heae

4 ,he h(%e (0 ,he %%5 I, #$ ae% a$6

a)Endorsement

b)Material alteration

c)*rossin

d)#one of the above .)

/;) Ca3#,a a%e!"a4 #$ '(*e% (", a$e% (n6

a) Total demand and time liabilities

b) #et demand and time assets

c) -is+ weihted assets

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d) -is+ weihted liabilities .)

/<) One (0 4(" "$,(2e$ %#e$ '#,h(", ea#n: a '# an%

The (", a33(#n,$ a 3e$(n ,( han%e ,he "$,(2e$

P(3e,45 S"h a 3e$(n #$ ae% a$

a)'n administrator

b)'n e$ec&tor

c)' li1&idator

d)' s&ccessor .a)

/>)A ne:(,#ae #n$,"2en, #$ en%($e% a$ Pa4 ,( Ra" (n4

This is called asB

a).lan+ endorsement

b)-estrictive endorsement

c)Sans reco&rse endorsement

d) Endorsement in Full (b)

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