JAIIB - Principles and Practices of Banking Mock Tests Set 13

Marketing implies 'meeting needs ...... (i) profitably, (ii) increasingly 


Options are :

  • Only (i)
  • Only (ii)
  • Either (i) or (ii)
  • Both (i) and (ii)

Answer :Only (i)

JAIIB - Principles and Practices of Banking Mock Tests Set 14

Funds and securities pay-in and pay-out are carried out on  


Options are :

  • On trading day
  • T+1 day
  • T+2 day
  • T+3 day

Answer :T+2 day

Idea Screening is the first stage of ......  


Options are :

  • New product development
  • Diversification
  • Product modification
  • None of the above

Answer :New product development

Which  of  the  following  is  true  in  respect  of  opening  of  account  in  the  name  of  Pardanashin woman? 


Options are :

  • Can be opened for literate and illiterate Pardanashin woman
  • Can’t be opened for either literate or illiterate Pardanashin woman
  • Can be opened for literate Pardanashin woman only
  • Can be opened illiterate Pardanashin woman only

Answer :Can be opened for literate Pardanashin woman only

JAIIB Accounting and Finance for Bankers Mock Tests Set 1

Acts done honestly is called acts done.       


Options are :

  • without negligence
  • rashly
  • mollified
  • in good faith

Answer :in good faith

‘Sans recourse’ means _______.       


Options are :

  • I am not afraid
  • Do not touch me
  • ask the drawer
  • without liability to me

Answer :without liability to me

A banker on whom a cheque is drawn by customer is ___________.      


Options are :

  • Collecting banker
  • Paying banker
  • Advising banker
  • Confirming banking

Answer :Paying banker

JAIIB Accounting and Finance for Bankers Mock Tests Set 10

A cheque drawn by a Power of Attorney holder is presented for payment. You come to known through reliable  source  that  PA  holder has  been  declared  insolvent.  Which  of  the  following action you will take?


Options are :

  • Return the cheque as agency is terminated
  • Pay the cheque as insolvency of agent does not terminate the agency
  • Pay the cheque after obtaining Principal’s confirmation
  • None of these

Answer :Pay the cheque as insolvency of agent does not terminate the agency

A banker who collects a cheque for and on behalf of his customer is __________.      


Options are :

  • Collecting banker
  • Paying banker
  • Advising banker
  • Confirming banking

Answer :Collecting banker

Section 131 of N.I. Acts extends protection to the __________.       


Options are :

  • Collecting banker
  • Paying banker
  • Advising banker
  • Confirming banking

Answer :Collecting banker

JAIIB Accounting and Finance for Bankers Mock Tests Set 11

The following section of the respective Act is related to maintenance of CRR by banks


Options are :

  • Section 42 of RBI Act 1934,
  • Section 42 of BR Act 1949
  • Section 42(1) of RBI Act
  • 1934, d Section 42 of Negotiable Instruments Act

Answer :Section 42(1) of RBI Act

Where a customer by a letter has advised the bank directing the banker not to honour / pay a particular cheque such a letter is called _________.      


Options are :

  • letter of authority
  • letter of credit
  • stop payment letter
  • letter of continuity

Answer :stop payment letter

Where a customer has issued a cheque date of which is yet to come, such a cheque is called ____.       


Options are :

  • stale cheque
  • post-dated cheque
  • crossed cheque
  • stolen cheque

Answer :post-dated cheque

JAIIB Accounting and Finance for Bankers Mock Tests Set 12

When a bank pays a cheque according to the apparent tenor, in good faith and without having reason to doubt the bonafide of the presendor, such payment is ___________.       


Options are :

  • wrong payment
  • late payment
  • future payment
  • payment in due course

Answer :payment in due course

The maximum level up to which SLR can be fixed by RBI, is of NDTLs :


Options are :

  • 25%
  • 30%
  • 35%
  • 40%

Answer :40%

To get the protection under S / 131, a collecting bank has to collect a ______for credit of is customer       


Options are :

  • Stolen cheque
  • Stale cheque
  • Postdated cheque
  • Crossed cheque

Answer :Crossed cheque

JAIIB Accounting and Finance for Bankers Mock Tests Set 13

If a cheque is stolen in transit and presented at the drawee bank by a holder in due course case and if the cheques is paid by the bank in due course in a case the drawee bank would be _______.      


Options are :

  • Be held liable
  • Would not be held liable
  • Would be found guilty

Answer :Would not be held liable

where the signature of the drawer of a cheque is not genuine, such a cheque is called _________.       


Options are :

  • post-dated cheque
  • forged cheque
  • clearing cheque
  • stale cheque

Answer :forged cheque

Section 138 states that drawer of a cheque is liable to be punished if the cheque is bounced for ________. 


Options are :

  • not crossing
  • alteration in figures
  • being postdated
  • insufficient fund

Answer :insufficient fund

JAIIB Accounting and Finance for Bankers Mock Tests Set 14

RBI conducts on site inspection and off-site supervision of Indian banks and based on its finding. RBI rates the banks on important parameters called ________. The word A of these parameters stands for _______: 


Options are :

  • CACS, advances
  • CAMELS, assets
  • CACS, asset quality
  • CAMELS, asset quality

Answer :CAMELS, asset quality

Interest rates when charged by banks in terms of RBI directives, cannot be questioned, being excessive, in a court of law, under the provisions of: 


Options are :

  • Sec 20 of RBI Act
  • Sec 21-A of Banking Regulation Act
  • Sec 21 of NI Act
  • Sec 35 of RBI Act
  • Sec 35 A of Banking Regulation Act

Answer :Sec 21-A of Banking Regulation Act

In a deposit account the principal relation between Bank and Customer is bank ___________ and the Customer ________.


Options are :

  • Agent, Principal
  • Lessor, Lessee
  • Creditor-Debtor
  • Debtor-Creditor
  • Bailor-Bailee

Answer :Debtor-Creditor

JAIIB Accounting and Finance for Bankers Mock Tests Set 15

The clearing house facilities for payment and delivery of securities is provided by ... 


Options are :

  • CCIL
  • SEBI
  • Stock Exchanges
  • All of the above

Answer :Stock Exchanges

If the company’s sales are slow down, and profits level off or decline. At which stage the company has reached? 


Options are :

  • Introduction
  • Decline
  • Growth
  • Maturity

Answer :Maturity

Mark-up pricing is a pricing ...... while as Geographic pricing is a pricing ......  


Options are :

  • Method, Strategy
  • Strategy, method
  • Process, Policy
  • Policy, Process

Answer :Method, Strategy

JAIIB Accounting and Finance for Bankers Mock Tests Set 2

In case of safe custody of articles relation between Bank and Customer is Bank ___________ and Customer _________.  


Options are :

  • Agent, Principal
  • Lessor, Lessee
  • Creditor-Debtor
  • Debtor-Creditor
  • Bailor-Bailee

Answer :Bailor-Bailee

In case of safe deposit licker the relation between Bank and Customer is Bank _______________ and Customer _________.   


Options are :

  • Agent, Principal
  • Lessor, Lessee
  • Creditor-Debtor
  • Debtor-Creditor
  • Bailor-Bailee

Answer :Lessor, Lessee

General lien gives the creditor right to retain ________ which have come in his possession.   


Options are :

  • all goods
  • some goods
  • specific goods

Answer :all goods

JAIIB Accounting and Finance for Bankers Mock Tests Set 3

Home banking is an example of ......  


Options are :

  • Direct marketing
  • Indirect marketing
  • Branch marketing
  • All the above

Answer :Direct marketing

Orient your needs to your sales', is a ...... 


Options are :

  • Sales concept
  • Marketing concept
  • Management concept
  • Production concept

Answer :Sales concept

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