JAIIB - Principles and Practices of Banking Mock Tests Set 10

A “qualifying asset” shall mean a loan disbursed by MFI, which satisfies the stipulated criteria. Which of the following is not a part of the criteria?


Options are :

  • The loan is to be extended to a borrower whose household annual income in rural areas does not exceed Rs.1,00,000/ while for non-rural areas it should not exceed Rs.1,60,000/-.
  • Loan does not exceed Rs.60,000/- in the first cycle and Rs. 100,000/- in the subsequent cycles
  • Total indebtedness of the borrower does not exceed Rs. 1,00,000/-;
  • Tenure of loan is not less than 24 months when loan amount exceeds Rs.15,000/- with right to borrower of prepayment without penalty.
  • None of the above

Answer :None of the above

JAIIB - Principles and Practices of Banking Mock Tests Set 11

Loans to distressed persons can be granted for amount not exceeding Rs _______ per borrower to prepay their debt to non-institutional lenders. 


Options are :

  • 50,000
  • 75,000
  • 1 lac
  • 2 lac

Answer :1 lac

Farmers with landholding of up to 1 hectare is considered as ___. Farmers with a landholding of more than 1 hectare but less than 2 hectares are considered as _____. 


Options are :

  • Ultra Small Farmers; Micro Farmers
  • Oral Lessees; Ultra Small Farmers
  • Micro Farmers; Share croppers
  • Marginal Farmers; Small Farmers

Answer :Marginal Farmers; Small Farmers

Which of the following statement is correct?


Options are :

  • Bank loans to only Micro and Small Enterprises, for both manufacturing and service sectors are eligible to be classified under the priority sector.
  • Bank loans to Micro, Small and Medium Enterprises, for both manufacturing and service sectors are eligible to be classified under the priority sector.
  • Bank loans to Micro, Small & Medium Enterprises, for only manufacturing sector is eligible to be classified under the PS
  • Bank loans to Micro and Small Enterprises, for manufacturing sector only is eligible to be classified under the priority sector.

Answer :Bank loans to Micro, Small and Medium Enterprises, for both manufacturing and service sectors are eligible to be classified under the priority sector.

JAIIB Accounting and Finance for Bankers Mock Tests Set 1

Overdrafts upto Rs. ______ under Pradhan Mantri JanDhan Yojana (PMJDY) accounts, provided the borrowers’ household annual income does not exceed Rs. ______ for rural areas and Rs. _______- for non-rural areas. 


Options are :

  • 5,000/-;100,000/-;1,60,000
  • 10,000/-; 100,000/-; 1,60,000
  • 5,000/-; 100,000/-; 1,80,000
  • 5,000/-; 100,000/-; 1,80,000

Answer :5,000/-;100,000/-;1,60,000

Farmers with landholding of up to ______ are considered as Marginal Farmers and farmers with a landholding upto ____ are considered as Small Farmers


Options are :

  • 1 hectare, 2 hectares
  • 2.5 hectare, 5 hectare
  • 1 hectare, 2.5 hectare
  • 5 hectare, 10 hectare

Answer :1 hectare, 2 hectares

Which of the following is not correct regarding margin money (subsidy) under PMEGP?


Options are :

  • Subsidy should be kept in the Term Deposit Receipt of three years
  • No interest will be paid on the TDR & no interest to be charged on loan on corresponding amount of TDR
  • Subsidy will be credited to the Borrowers loan account after three years from the date of first disbursement to the borrower.
  • If loan goes bad before 3 year period, due to reasons, beyond the control of the beneficiary, subsidy can be credited to loan account before 3 years
  • None of these

Answer :Subsidy should be kept in the Term Deposit Receipt of three years

JAIIB Accounting and Finance for Bankers Mock Tests Set 10

What is the income criteria in case of DRI eligibility:


Options are :

  • Rs.11800 in urban areas and Rs.11250 in rural area
  • All persons below poverty line
  • Rs.18000 in rural area and Rs.24000 in urban area
  • Rs.24000 in rural area and Rs.18000 in urban area

Answer :Rs.18000 in rural area and Rs.24000 in urban area

Repayment period in DRI is:


Options are :

  • 5 yrs + moratorium of 2 yrs
  • 5 years inclusive of moratorium up to 2 years
  • 5 years inclusive of moratorium period to be decided by the banks
  • 7 years + moratorium of 3 years.

Answer :5 years inclusive of moratorium up to 2 years

Which of the following is not correct regarding DRI scheme?


Options are :

  • No subsidy is available
  • Margin is Nil
  • Collateral security or third party guarantee not to be taken even if offered
  • Maximum repayment period is 5 years including initial moratorium of 2 years
  • None of these

Answer :None of these

JAIIB Accounting and Finance for Bankers Mock Tests Set 11

Which of the following cannot be treated as part of the computer hardware:


Options are :

  • mother board
  • cards
  • memory
  • ports e power supply

Answer :memory

Theterm 'hot listing' of the credit card refers to: 


Options are :

  • enhancing the credit limit
  • Reducing the credit limit
  • List of card holders who default in payment of dues to the issuer
  • Any of the above

Answer :List of card holders who default in payment of dues to the issuer

To authenticate a Digital signature, which of the following keys are used:


Options are :

  • master key and customer key
  • private key and public key
  • private key and customer key
  • public key and special key

Answer :private key and public key

JAIIB Accounting and Finance for Bankers Mock Tests Set 12

The term 'hot card' refers to (a) lost card (b) stolen card (c) misplaced card (d) misused card. Which combination is correct: 


Options are :

  • a, b, c
  • a, b, d
  • a, c, d
  • b, c, d

Answer :a, b, c

The term VSAT stands for which of the following:


Options are :

  • variable small aperture terminal
  • very small available terminal
  • very small aperture terminal
  • variety of small aperture terminals
  • none of the above

Answer :very small aperture terminal

The firewall technology is used in connection with:


Options are :

  • hardware safety
  • physical safety from fire
  • authorised access
  • human safety from fire
  • Protection of computer network from intrusion by hackers

Answer :Protection of computer network from intrusion by hackers

JAIIB Accounting and Finance for Bankers Mock Tests Set 13

The committee that suggested the cheque truncation system for inter-bank transactions:


Options are :

  • Rangarajan Committee
  • Shere Committee
  • Vasudevan Committee
  • Saraf Committee
  • None

Answer :Saraf Committee

In a MICR cheque, which of the following code does not match the 'description:


Options are :

  • First 6-digit code - cheque number
  • central 09-digit code — city, bank and branch code
  • last 2-digit code — transaction code such as saving or current account
  • None of the above

Answer :None of the above

Which of the following is the order in which the sorting is carried out in MICR system :


Options are :

  • city, bank, branch,
  • instrument, city, bank
  • bank instrument, city
  • instrument, bank, city, bank, city, instrument

Answer :city, bank, branch,

JAIIB Accounting and Finance for Bankers Mock Tests Set 14

In the MICR code structure which of the following is wrong (0 represents no. of digits):


Options are :

  • City code - 000
  • Bank code – 0000
  • Branch code - 000
  • None of these

Answer :Bank code – 0000

In the Indian Financial System Code (IFSC), the digits represent the following (advise which one is correct) : 


Options are :

  • first 5 digits — bank code,
  • digit — reserved code
  • last 6 digits — branch code
  • none of the above

Answer :last 6 digits — branch code

Unique Transaction Reference (UTR) is code: 


Options are :

  • 22 digit numeric code
  • 21 digit numeric code
  • 22 digit alpha numeric code
  • 21 digit alpha numeric code

Answer :22 digit alpha numeric code

JAIIB Accounting and Finance for Bankers Mock Tests Set 15

Which of the following features of a cheque under CTS 2010 Standards regarding paper is correct (1) Paper should have protection against alterations by having chemical sensitivity to acids, alkalis, bleaches and solvents (2) Paper should be giving a visible result afteri fraudulent attack (3) Paper should not glow under Ultra-Violet (UV) light. I.e., it should be UV dull.


Options are :

  • 1 to 3 all
  • 1 and 2 only
  • 1 and 3 only
  • 2 and 3 only

Answer :1 to 3 all

Which of the following features of a cheque under CTS-2010 Standards regarding watermark is correct (1) All cheques shall carry a standardized watermark (2) the words of watermark will be CTS-INDIA (3) Watermark should be oval in shape and diameter could be 2.6 to 3.0 cms. (4) Each cheque must hold at least one full watermark.


Options are :

  • 1 and 3 only
  • 2 and 4 only
  • 1, 3 and 4 only
  • 1 to 4 all

Answer :1 to 4 all

Unique Transaction Reference (UTR) is acharacter number: 


Options are :

  • 10
  • 12
  • 15
  • 22

Answer :22

JAIIB Accounting and Finance for Bankers Mock Tests Set 2

Which of the following is not matched in the context et UTR number "XXXXRCYYYYMMDDnnnnnnnn


Options are :

  • XXXX is first 4 characters of IFSC of receiving participant
  • R is RTGS and C is channel of transaction, c YYYYMMDD is year
  • month and date of transaction
  • nnnnn:inn Is sequence number

Answer :XXXX is first 4 characters of IFSC of receiving participant

Under RTGS, a payment transaction is finally and irrevocably settled when: 


Options are :

  • bank
  • sending bank has given the instruction
  • the Settlement A/c maintained with RBI is debited & receiving participant credited
  • the Settlement Account maintained with participant

Answer :the Settlement A/c maintained with RBI is debited & receiving participant credited

The  regulatory  provisions  for  banks  are  not  uniformly  applicable  for  all  banks.  This  application depends  upon  their  constitution.  The  banks  can  be  (a)  statutory  corporations  (b)  a  banking company (c) a cooperative society (d) a partnership firm: 


Options are :

  • A to d all
  • A, b and c only
  • A, c and d only
  • B, c and d only

Answer :A, b and c only

JAIIB Accounting and Finance for Bankers Mock Tests Set 3

The Narsimham Committee recommended that       


Options are :

  • SLR should be reduced to 25% and CRP to 10% over a time period so that the funds of banks are deployed by them in more remunerative loan assets
  • SLR should be reduced to 10% and CRP to 25% over a time period so that the funds of banks are deployed by them in more remunerative loan assets.
  • SLR should be reduced to 25% and CRP to 10% over a time period so that the funds of banks are deployed by them to increase their investments in Government securities.
  • SLR should be reduced to 25% and CRP to 10% over a time period so that the funds of banks are deployed by them to increased their capital adequacy.
  • None of the above

Answer :SLR should be reduced to 25% and CRP to 10% over a time period so that the funds of banks are deployed by them in more remunerative loan assets

Which of the following is not a feature of the retail banking: 


Options are :

  • Multiple products such as deposits, credit card
  • Multiple channels of distribution
  • Multiple customer groups
  • Multiple banking

Answer :Multiple banking

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