JAIIB - Principles and Practices of Banking Mock Tests Set 14

The sum value of all the values that the consumer exchanges for the benefits of having or using the product or service is called... 


Options are :

  • Pricing Strategy
  • Sale
  • Price
  • Purchase

Answer :Price

JAIIB - Principles and Practices of Banking Mock Tests Set 15

A  successful  "Blue  Ocean"  requires  ......  (i)  Effective  communication,  (ii)  Innovative  skills,  (iii) Motivation 


Options are :

  • Only (i) and (ii)
  • Only (i) and (iii)
  • Only (ii) and (iii)
  • (i), (ii) and (iii)

Answer :(i), (ii) and (iii)

Bankerís lien is a/an _________.      


Options are :

  • hypothecation
  • mortgage
  • implied pledge
  • pledge

Answer :implied pledge

Statutory Liquidity Ratio is maintained by banks on which of the following:


Options are :

  • Demand and Time deposit
  • Net demand and time deposits (i.e. excluding inter-bank transactions)
  • Net Demand and time liabilities
  • Demand and time liabilities
  • Demand andtime liabilities and net worth of the bank

Answer :Net Demand and time liabilities

JAIIB Accounting and Finance for Bankers Mock Tests Set 1

Generation of sales lead can not be improved by...... (i) being passive, (ii) being very talkative, (iii) engaging recovery agent 


Options are :

  • Only (i) and (ii)
  • Only (i) and (iii)
  • Only (ii) and (iii)
  • (i), (ii) and (iii)

Answer :Only (ii) and (iii)

In addition to the normal services as defined in the  Banking regulation Act, banks also undertake activities like project appraisal, underwriting of issue, technical know how etc. This business is called: 


Options are :

  • Consultancy services
  • Bancassurance
  • Merchant banking
  • Advisory services

Answer :Merchant banking

Two companies are merged. One of these is supplier of goods to the other. This merger is known as: 


Options are :

  • Horizontal merger
  • Vertical merger
  • Conglomerate merger
  • Concentric merger

Answer :Vertical merger

JAIIB Accounting and Finance for Bankers Mock Tests Set 10

Which of the following is not an implied power of a partner in a partnership firm? 


Options are :

  • To sell/pledge movable goods on account of partnership
  • To borrow money, contract debts etc for the business of the partnership
  • To draw, make or accept negotiable instruments
  • To mortgage partnership immovable property

Answer :To mortgage partnership immovable property

Introduction of additional items in an existing product category under the same brand name is called as ...... 


Options are :

  • Line extension
  • Brand extension
  • Multi brands
  • New brands

Answer :Line extension

Apart  from  Customer  needs  and  wants,  Cost  to  the  customer  and  Convenience,  which  is  the other one in 4Cs? 


Options are :

  • Consumption
  • Communication
  • Customer satisfaction
  • Customer demand

Answer :Communication

JAIIB Accounting and Finance for Bankers Mock Tests Set 11

The right of set-off is __________.       


Options are :

  • Customerís right
  • Bankerís right
  • Bankerís obligation
  • Bankís descrition.

Answer :Bankís descrition.

Garnishee order is issued by _______.    


Options are :

  • Police officer
  • Revenue authority
  • Inforcement authority
  • D.Court of Law

Answer :D.Court of Law

A & B are maintaining an ĎE or Sí account. D has been named as nominee. Both A & B die in an accident. Balance in the account will be payable to ...... 


Options are :

  • Jointly to legal heirs of A & B
  • legal heirs of A alone
  • Legal heirs of B alone
  • D alone

Answer :D alone

JAIIB Accounting and Finance for Bankers Mock Tests Set 12

Time limit for settlement of claims in Deceased cases 


Options are :

  • 30 days from the date of death
  • 15 days from the date of death
  • 15 days from the date of submission of all the documents
  • 30 days from the date of submission of all the documents

Answer :15 days from the date of submission of all the documents

The  Indian  Banking  System  is  regulated  in  terms  of  the  provisions  of  ......  (i)  Reserve  Bank  of India Act, 1934, (ii) Banking Regulation Act, 1949. 


Options are :

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

Answer :Both (i) and (ii)

Marketing ...... the customer requirements. (i) identifies, (ii) satisfies 


Options are :

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

Answer :Both (i) and (ii)

JAIIB Accounting and Finance for Bankers Mock Tests Set 13

RBI's open market operation transactions are carried with a view to regulate which of the following: 


Options are :

  • liquidity with the banking system
  • prices of essential commodities
  • control the inflation by purchase of goods and services
  • affect the borrowing capacity of the banks

Answer :affect the borrowing capacity of the banks

Mandate is _________ 


Options are :

  • Signed letter to the Bank
  • Order of the court of law
  • Memorandum of understanding
  • Unstamped letter to the Bank

Answer :Order of the court of law

Cost relating to registration charges, stamp duty payment etc. can in included in cost of house for loan to value ratio calculation purpose, when the loan is up to 


Options are :

  • Rs.5 lac
  • Rs.10 lac
  • Rs.20 lac
  • In all cases

Answer :In all cases

JAIIB Accounting and Finance for Bankers Mock Tests Set 14

Power of attorney is _________.       


Options are :

  • Signed letter to the Bank
  • A promissory note
  • Garnishee order
  • Stamped documents

Answer :Stamped documents

RBI acts as the Banker to the ...... Governments. (i) Central, (ii) State 


Options are :

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

Answer :Either (i) or (ii)

Format  of  cheque  is  defined  in  ......  (i)  NI  Act,  (ii)  As  per  RBI  guidelines  (iii)  As  per  customs  & practices 


Options are :

  • Only (i) and (ii)
  • Only (i) and (iii)
  • Only (ii) and (iii)
  • (i), (ii) and (iii)

Answer :(i), (ii) and (iii)

JAIIB Accounting and Finance for Bankers Mock Tests Set 15

Bailor-bailee relationship is applicable in


Options are :

  • cash deposited with cashier by customer
  • safe deposit locker
  • demand draft issued by bank
  • keeping articles in safe custody with bank

Answer :keeping articles in safe custody with bank

Pledged  goods  in  the  possession  with  the  bank  can  be  sold  by  the  bank  ......  (i)  with  court intervention (ii) after notice to borrower for recovery of its dues. 


Options are :

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

Answer :Only (ii)

Person to whom a power of attorney is given is called _________ and the person who gives the Power of attorney is called _________.      


Options are :

  • Debtor-Creditor
  • Bailor-Bailee
  • Agent, Principal (donor, donee)

Answer :Agent, Principal (donor, donee)

JAIIB Accounting and Finance for Bankers Mock Tests Set 2

Promissory Notes, Bills of Exchange and cheque are together defined as____________       


Options are :

  • Negotiable instruments
  • Transferred instruments
  • Trust Receipts
  • Documents of Title to goods

Answer :Negotiable instruments

The relationship created when the bank collects a cheque in clearing is ...... 


Options are :

  • holder for value
  • clearing member and principal
  • agent and principal
  • collecting bank and holder

Answer :collecting bank and holder

Corporate Bonds usually carry a rating from ...... to ...... 


Options are :

  • A, D
  • AA, DD
  • AAA, D
  • AAA, DDD

Answer :AAA, D

JAIIB Accounting and Finance for Bankers Mock Tests Set 3

RBI notifies CRR under _________ Act 


Options are :

  • Section 24 of the Banking Regulation Act
  • Section 42 of the Banking Regulation Act
  • Section 24 of the RBI Act
  • Section 42 of the RBI Act

Answer :Section 42 of the RBI Act

Which of the following is not true in respect of Minor? 


Options are :

  • A minor cannot be sued for recovery of any monies lent except for meeting the necessaries of his/her life
  • A minor can draw, endorse and negotiate a cheque binding all other parties except himself
  • If a minor misrepresents his age, he is liable for his contracts
  • A minor cannot ratify the contracts on his attaining majority

Answer :If a minor misrepresents his age, he is liable for his contracts

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