JAIIB - Principles and Practices of Banking Mock Tests Set 19

ABC Company purchased Hear Music and began making compilation music CDs to play and sell in its stores. It has also tested new restaurant concepts. It is considering which of the following strategies? 


Options are :

  • Product development
  • Market development
  • Diversification
  • Market penetration

Answer :Product development

JAIIB - Principles and Practices of Banking Mock Tests Set 2

A partnership has two partners. The firm has total assets of Rs.25 lac and liabilities of 10 lac. Partner B has assets of Rs.10 lac and liabilities of Rs.12 lac. The creditors  of the firm will be able to realize from the firm ______% of their dues:


Options are :

  • 62.5%
  • 60%
  • 75%
  • 100%

Answer :75%

A foreign spouse of an Indian citizen is called 


Options are :

  • Foreign national
  • Non-resident Indian
  • Resident Indian
  • Person of Indian Origin

Answer :Person of Indian Origin

An NRE-RA account can be opened as:                   


Options are :

  • Current, saving RD only
  • Saving, RD and FD only
  • Saving, current, RD and FD only
  • FD and saving only

Answer :Saving, current, RD and FD only

JAIIB Accounting and Finance for Bankers Mock Tests Set 1

The banking ombudsman may reject the complaint on the following grounds 


Options are :

  • complaint is without sufficient cause.
  • complaint is not pursued with reasonable diligence
  • there is no loss or damage or inconvenience suffered by the complainant
  • any one or all of the above

Answer :any one or all of the above

What can be a characteristic of Physical Products? 


Options are :

  • Inseparability
  • Heterogeneity
  • Homogeneous
  • Perishability

Answer :Perishability

B was having an account with Universal Bank. Bank got confirmation from B for the balance in the account. Later on B brought to bank’s notice, a fact that two forged cheques have been debited to his account. Bank however claimed that the customer has already confirmed the balance. 


Options are :

  • Bank is not liable as the customer has already confirmed the balance
  • Though customers is right but after confirming the balance he cannot got entry reversed
  • Bank is liable for the forged cheque and it has to reverse the entry
  • Bank and the customers have to share the loss on pro-rata basis

Answer :Bank is liable for the forged cheque and it has to reverse the entry

JAIIB Accounting and Finance for Bankers Mock Tests Set 10

FIMMDA’s general principles and procedures are applicable to: 


Options are :

  • Fixed Income Markets
  • Money Markets
  • Derivatives Markets
  • All of the above

Answer :All of the above

Which is not an objective of Test Marketing? 


Options are :

  • To know how the consumers and dealers react to handling, using and repurchasing the actual product
  • To learn the size of the market
  • To test the product in authentic consumer settings
  • All the above

Answer :All the above

U/s 38A of Banking Regulation Act when High Court orders liquidation of a bank, which among the following can be a liquidator: 


Options are :

  • RBI,SBI or any public sector bank
  • RBI or court appointed liquidator only
  • RBI,SBI or any public sector bank
  • Banks cannot be appointed liquidators

Answer :RBI,SBI or any public sector bank

JAIIB Accounting and Finance for Bankers Mock Tests Set 11

X, a customer of popular Bank had deposited an amount of Rs.12500 in his saving bank account which was credited by the bank in the account of Mr. Y. The relationship between the bank and Y is: 


Options are :

  • Trustee- beneficiary
  • Debtor- creditor
  • Creditor-debtor
  • Beneficiary- trustee

Answer :Creditor-debtor

Mode  of  communication  capable  of  receiving  and  transmitting  both  but  only  one  at  a  time  is ...... 


Options are :

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

Answer :Semi duplex or half duplex

The bank that makes payment to the beneficiary on receipt of documents as per terms of Letter of Credit is...


Options are :

  • Advising Bank
  • Negotiating Bank
  • Confirming Bank
  • Opening Bank

Answer :Negotiating Bank

JAIIB Accounting and Finance for Bankers Mock Tests Set 12

Equity shares are issued on redemption of bond to the holder of ...... bond. 


Options are :

  • Coupon
  • Convertible
  • Preference
  • Zero Coupon

Answer :Convertible

As per Foreign Exchange Regulation Act 1973 which one of the following forms is to be used by the exporter for declaring the exports made to all countries otherwise than by post?


Options are :

  • PP Forms
  • G R Forms
  • V P Forms
  • COD Forms

Answer :G R Forms

Which one of the following Committees introduced the concept of weaker sections within the priority sector for the first time in India?


Options are :

  • Ojha Committee
  • Nariman Committee
  • Krishnaswamy Committee
  • None of these

Answer :Krishnaswamy Committee

JAIIB Accounting and Finance for Bankers Mock Tests Set 13

An order cheque of Rs.55000 is issued by Mr. X in his account favouring M (a minor). Who  approaches the bank cash payment. 


Options are :

  • Cheque being is favour of a minor cannot be paid
  • Cheque shall be paid like in other cases
  • Cheque will be paid if the minor is accompanied by his guardian
  • Cheque shall be paid, if the guardian provides guarantee for the payment

Answer :Cheque shall be paid like in other cases

Mr. Z gets a demand draft issued from the bank in favour of his son, S, who is to visit another town in connection with some business purchases. He requests the bank to substitute the word’ order’ by bearer in the DD so that his son does not face any difficulty in the new town: 


Options are :

  • Bank can not do so as it will be violation of Section 31 of NI Act
  • Bank can do so, if Z is a dependable customer
  • Bank can cannot do so, but it can attest the signatures of S on a separate slip of paper, which he can use for identification purpose
  • Bank will not look into the issue as problem is of Z and not a bank

Answer :Bank can cannot do so, but it can attest the signatures of S on a separate slip of paper, which he can use for identification purpose

A cheque is received for payment from X by Bank-B it is torn from two sides. Such mutilated cheque can be paid (which among the following is false): 


Options are :

  • If it is intentionally torn by the drawer, he must authenticate it by putting his signatures
  • If it is unintentionally torn. He must authenticate stating that unintentionally torn
  • If it is torn while a possession of the payee, payee should get it authenticated from the drawer
  • If all parts of the cheque are available it can be paid and such payment is a payment in due course

Answer :If all parts of the cheque are available it can be paid and such payment is a payment in due course

JAIIB Accounting and Finance for Bankers Mock Tests Set 14

A bond is normally ...... 


Options are :

  • Secured
  • Unsecured
  • Either a or b
  • None of these

Answer :Unsecured

Bank A has made the following payments. For which of these payments the bank will not be protected and can be asked to reverse the debit entry: 


Options are :

  • Where the drawer has put his signatures in capital letters
  • Where the drawer has put his signature in capital letters
  • Where the drawer’s signature have been put by some one else so cleverly that these resemble the original signatures of the drawer
  • Where the signatures of one of the drawer are as per record and of the other drawer not as per record but are otherwise genuine

Answer :Where the drawer’s signature have been put by some one else so cleverly that these resemble the original signatures of the drawer

Aggressive Marketing is necessitated due to ...... (i) Globalization, (ii) increased competition 


Options are :

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

Answer :Only (ii)

JAIIB Accounting and Finance for Bankers Mock Tests Set 15

Efficient Marketing styles require ......  


Options are :

  • proper planning
  • good communication skills
  • teamwork
  • knowledge of products

Answer :knowledge of products

Market-driven strategy includes ...... 


Options are :

  • identifying problems
  • planning marketing tactics of peers
  • positioning the organization and its brands in the market place
  • internal marketing

Answer :positioning the organization and its brands in the market place

Which of the following is correct regarding CIBIL: 


Options are :

  • Consumer Credit Bureau covers credit availed by companies
  • Consumer Credit Bureau Covers credit availed by individuals
  • Consumer Credit Bureau Covers credit availed by companies and individuals
  • Commercial Credit Bureau covers credit availed by companies and individuals

Answer :Consumer Credit Bureau Covers credit availed by individuals

JAIIB Accounting and Finance for Bankers Mock Tests Set 2

A call means: 


Options are :

  • after-sales service
  • profession or business
  • visiting friends
  • visiting prospective customers

Answer :visiting prospective customers

Conversion means: 


Options are :

  • meeting a prospective client
  • interacting with a prospective client
  • converting an employer into an employee
  • converting a prospective client into customer

Answer :converting a prospective client into customer

Bank B gets following cheques  which it has paid (a) 1st cheque having amount written red ink and other particulars in blue ink (b) 2nd cheque with name of payee written in Devnagri and other particulars in English (c) 3rd cheque in which the amount is written with handwriting of the drawer and payee’s name written by the payee himself. Bnak will get protection for: 


Options are :

  • a and b only
  • b and c only
  • and a only
  • a, b or c all

Answer :a, b or c all

JAIIB Accounting and Finance for Bankers Mock Tests Set 3

Customization is useful for ...... 


Options are :

  • Designing customer specific product
  • Call centres
  • Publicity
  • Motivating the staff

Answer :Designing customer specific product

The performance of a sales person mostly depends on ...... 


Options are :

  • salary paid
  • sales incentive paid
  • sizes of the sales team
  • ability and willingness of the salesperson

Answer :ability and willingness of the salesperson

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