Practice Test For Jaiib-principle & Practice Of Banking-module-a-test-1
Structured MCQs, tailor made for JAIIB CandidatesPrepared By: Banking Hub- A Destination Leading to SuccessContributed By:1. B. P. Sarkhel, Chief Course Coordinator & Faculty ,13 years exp. Faculty member in the training establishment of Central Bank of India- VR OPTEEQualification: Ba CAIIB PGDFA DTIRM DIBF (Pursuing MBA(fin), PGDFM, CFP2. Somnath Mukherjee: Faculty; Ex- Chief Manager, fficer training College, Kolkata, Central Bank of India. Qualification: MBA (Fin) CAIIB
- 1.
- Review of the working of the monetary system was done in terms of -------------------committee in 1985
- A.
N.VAGHUL
- B.
S.CHAKRABORTY
- C.
Y.V.REDDY
- D.
S.TARAPORE
- E.
NONE
- 2.Which of the following is not the outcome of post reforms period in terms of structural and instrument specific measures of RBI?
- A.
LAF
- B.
CBLO
- C.
REPO
- D.
NSDL
- E.
NOA
- 3.NDS stands for
- A.
National Depository Services
- B.
Negotiated dealing services
- C.
National dealing services
- D.
Negotiated Dealing System
- E.
NOA
- 4.Which of the following is not an usance promissory note?
- A.
A debtor borrowed money from his creditor on execution of a negotiable instrument promising to pay after 90 days
- B.
A blue chip corporate raise short term funds from a bank investing in a paper issued by the former. for 90 days.
- C.
An individual deposits money with a bank at negotiated rate of interest
- D.
A+b
- E.
All are usance promissory notes
- 5.FRBM Act was enacted for structural and developmental measures for the Govt Security Market. Frbm stands for
- A.
Fiscal Responsibility and Budget Maintenance
- B.
Fiscal Responsibility and Budget Management
- C.
Fiscal Relationship and Budget Management
- D.
NOA
- 6.Which of the following entities can not dematerialise securities of the holders:-
- A.
NSDL
- B.
SHCIL
- C.
NSCCL
- D.
CDSL
- E.
NONE
- 7.SCB's and PD's are allowed to cover their short position with an extended period of ---trading days
- A.
3
- B.
5
- C.
7
- D.
15
- 8.The concept of Corporate Governance in Capital Market came in force in terms of --- committee recommendations
- A.
K.M.BIRLA
- B.
R.D.BIRLA
- C.
K.M. DALMIA
- D.
JAGMOHAN DALMIA
- E.
NONE
- 9.LERMS stands for
- A.
Learning Education Research Management system
- B.
Liberalised Exchange Rate Management System
- C.
Liberalised Exchange Repatriation Management System
- D.
None
- 10.AGL which was earlier maximum USD 100 Million or 6 times of Bank's NOF has now been left with bank since April 1996.AGL stands for
- A.
Advance General Ledger
- B.
Adequate Gap Limit
- C.
Average Gap Limit
- D.
Aggregate Gap Limit
- E.
None
- 11.The first report on CAC in 1998 was the recommendation of :-
- A.
Rashid Jillani
- B.
Y.V.Reddy
- C.
S.S.Tarapore
- D.
C.Rangarajan
- E.
NOA
- 12.BFS in RBI stands for:-
- A.
Banking Financial Supervision
- B.
Bureau of Financial Supervision
- C.
Board for Financial Supervision
- D.
NOA
- 13.Banks as AD's can permit advance remittance for service import upto USD---- without the counter-guarantee of globally reputed bank in abroad
- A.
100000
- B.
125000
- C.
75000
- D.
1000000
- 14.All categories of FX earners are permitted to retain--- % of their FX earnings in their EEFC A/C
- A.
50
- B.
60
- C.
75
- D.
100
- 15.Under LRS,resident individuals would henceforth be free to remit upto USD----per financial year for any current or capital account or both transactions
- A.
100000
- B.
125000
- C.
1000000
- D.
NOA
- 16.The existing facility of Private travel abroad other than Nepal and Bhutan upto USD---per F.Y. will continue to be available on self declaration basis.
- A.
10000
- B.
25000
- C.
100000
- D.
1000000
- E.
NOA
- 17.NRI'S and PIO's have been permitted to remit upto USD-- per calendar year for any bonafide purpose out of the balances in their NRO accounts
- A.
100000
- B.
500000
- C.
800000
- D.
1000000
- E.
NOA
- 18.Which one do you like?
- A.
Option 1
- B.
Option 2
- C.
Option 3
- D.
Option 4
- 19.The sale proceeds of immoveable property acquired by the non resident out of own resources in India/inherited/gifted can form the balance of NRO A/C and are permitted to be remitted upto a prescribed ceiling without any lock-in- period of Sale of such property
- A.
True
- B.
False
- 20.As of June 2013, there were 21 PDs in Financial Market Out of Which -------------- were run by banks & known as Bank-PDs and the ---------------were standalone non-bank entities registered as NBFCs in terms of Sec 45 I A of RBI Act 1934
- A.
13 / 8
- B.
12/9
- C.
10 / 11
- D.
None / none
- 21.Full fledged implementation of Bassel III would be made w.e.f. 31.03.2019
- A.
True
- B.
False
- 22.LRM stands for
- A.
Loan Review Mechanism
- B.
Long & Relevant Mechanism
- C.
Loan Revamping Mechanism
- D.
NOA
- 23.Which one do you like?
- A.
Option 1
- B.
Option 2
- C.
Option 3
- D.
Option 4
- 24.Credit risk refers to non-payment of Principal and interest which is known as exposed to---- risk
- A.
Default
- B.
Legal
- C.
Interest rate
- D.
Market
- 25.G-10 countries assembled in 1985 to frame and formulate a set of global norms for maintaining a minimum level of capital based on risk perception of the assets of the bank's balance sheet after applying risk factors for their----
- A.
On balance sheet items
- B.
Off balance sheet items
- C.
Both
- D.
None
Questions: 150 | Attempts: 34907 | Last updated: Mar 22, 2022
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