JAIIB - Principles and Practices of Banking Mock Tests Set 16

__________ is a person appointed by the Court to wind up the company. 


Options are :

  • Administrator
  • Executor
  • Registrar
  • liqudator

Answer :liqudator

JAIIB - Principles and Practices of Banking Mock Tests Set 17

What rate of interest is allowed by RBI on CRR balances wef 1.4.2007: 


Options are :

  • Bank rate,
  • No interest is allowed
  • Equal to saving bank rate
  • Equal to Repo rate
  • Equal to reverse repo rate

Answer :No interest is allowed

RBI can issue directives to banks in respect of their loans/advances, under section 21 of


Options are :

  • Banking Regulation Act
  • Negotiable Instrument Act
  • SBI Act
  • RBI Act 1934
  • a & d

Answer :Banking Regulation Act

Up to what extent loan against demat shares can be allowed by banks to individuals:


Options are :

  • Rs.5 lac
  • Rs.10 lac
  • Rs.15 lac
  • Rs.20 lac
  • Rs.25 lac

Answer :Rs.20 lac

JAIIB Accounting and Finance for Bankers Mock Tests Set 1

What is the maximum extent up to which loan against paper shares can be allowed to an individual:


Options are :

  • Rs.2 lac
  • Rs.4 lac
  • Rs.5 lac
  • Rs.10 lac

Answer :Rs.10 lac

NRNR & FCNR (B) accounts can be kept in the from of _________ deposits   


Options are :

  • Term Deposits
  • Current Deposits
  • Saving Deposits
  • Recurring Deposits

Answer :Term Deposits

A negotiable security issued outside India by a Depository bank, on behalf of an Indian company, which represents the local Rupee denominated equity shares of the company held as deposit by a Custodian bank in India, is called : 


Options are :

  • Derivative
  • Depository receipt
  • FDI
  • Indian Depository receipt

Answer :Depository receipt

JAIIB Accounting and Finance for Bankers Mock Tests Set 10

There are certain financial instruments whose prices are derived from the price of the underlying currency or interest rate or stocks etc. These are known as:


Options are :

  • Securitization
  • Derivatives
  • Leasing
  • Factoring
  • Venture Capital Funding

Answer :Derivatives

Internet is ...... 


Options are :

  • Network of LAN
  • Network of ATMs
  • Network of ALPMs
  • Network of Networks

Answer :Network of Networks

A passive threat to computer security is ...... 


Options are :

  • Malicious Intent
  • Sabotage
  • Accidental Errors
  • Espionage Agents

Answer :Accidental Errors

JAIIB Accounting and Finance for Bankers Mock Tests Set 11

In Garnishee Order, the personal account of a partner ...... for the debts of the firm.


Options are :

  • can be attached
  • can't be attached
  • can be attached if ordered so by the court
  • None of these

Answer :can be attached

Which of the following is not an instrument of derivatives:


Options are :

  • forwards
  • options
  • futures a to c
  • none of these

Answer :forwards

An option that provides to the option holder, a right to sell, without an obligation to sell , is called:


Options are :

  • put option
  • call option
  • American option
  • European option

Answer :put option

JAIIB Accounting and Finance for Bankers Mock Tests Set 12

An option that provides to the option holder, a right to purchase, without an obligation to purchase, is called:


Options are :

  • put option
  • call option
  • American option
  • European option

Answer :call option

An option that can be exercised any time during its validity period, is called:


Options are :

  • put option
  • call option
  • American option
  • European option

Answer :American option

An option that can be exercised on a specified day,. during its validity period, is called:


Options are :

  • put option
  • call option
  • American option
  • European option

Answer :European option

JAIIB Accounting and Finance for Bankers Mock Tests Set 13

Where exercising the option provides gain to the buyer, it is called


Options are :

  • at the money
  • in the money
  • out of money
  • above the money

Answer :out of money

Where exercising the option results in loss to the buyer, it is called:


Options are :

  • at the money
  • in the money
  • out of money
  • above the money

Answer :out of money

Where exercising an option provides gain or loss to the buyer, it is called


Options are :

  • At the money
  • in the money
  • out of money
  • Above the money
  • Govt. Securities

Answer :At the money

JAIIB Accounting and Finance for Bankers Mock Tests Set 14

Gilt-edged market deals in


Options are :

  • Worn currency notes
  • Bullion and gold
  • Govt. securities
  • Corporate bonds
  • All kinds of capital market securities

Answer :Govt. securities

Mandate is a ...... agreement


Options are :

  • stamped
  • unstamped
  • memorandum
  • letter

Answer :unstamped

Bank B makes payment of the following cheque. For which of these the bank will not get protection: 


Options are :

  • A cheque with one endorsement as forged endorsement
  • A bearer cheque bearing an endorsement in favour of X while payment is received by Y without endorsement from X
  • A cheque the amount of which has been filled by the payee and was left blank by the drawer
  • A cheque having amount in words as Rs:five thousand while amount in figures was left blank

Answer :A cheque having amount in words as Rs:five thousand while amount in figures was left blank

JAIIB Accounting and Finance for Bankers Mock Tests Set 15

For collection of which of the following, the collecting bank will get protection:


Options are :

  • A cheque that does not bear any crossing before it is handed over to the bank. Bank puts its own stamp to present the cheque for clearing
  • A cheque, as first deposit in the newly opened account after complying with KYC guidelines
  • A cheque written in two inks, two handwritings and two scripts
  • All the above

Answer :All the above

Mode of communication capable of only transmitting data but not receiving is ...... 


Options are :

  • Simplex
  • Semi duplex or half duplex
  • Duplex
  • None of the above

Answer :Simplex

Revolving credit is made available in which of the following:


Options are :

  • A debit card
  • A pre-paid card
  • A credit card
  • All the above

Answer :A credit card

JAIIB Accounting and Finance for Bankers Mock Tests Set 2

In case of acard, the customer can make payment to the extent of balance lying in his account.


Options are :

  • Debit card
  • Smart card
  • Credit card
  • Any of the above

Answer :Smart card

Operating profits in bank's profit and loss account refer to:


Options are :

  • net profits
  • profits before contingencies
  • profits before provisions and contingencies
  • profits after provisions and contingencies

Answer :profits before provisions and contingencies

A partnership firm is dissolved compulsorily in which of the following circumstances?


Options are :

  • When all the partners are declared insolvent
  • When the business of the firm becomes unlawful
  • When a competent court passes an order for the dissolution of the firm
  • All these cases

Answer :All these cases

JAIIB Accounting and Finance for Bankers Mock Tests Set 3

Vehicle  loans  available  to  transport  operators  are  made  available  with  modifications  to  retail and agri-customers are example for ...... 


Options are :

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

Answer :Brand extension

Which of the following is not the level of the product?


Options are :

  • Potential product
  • Augmented product
  • Product line
  • Expected product

Answer :Product line

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