Practice Test For Jaiib-principle & Practice Of Banking-module-a-test-1

41 Questions | Total Attempts: 906

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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


Questions and Answers
  • 1. 
    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

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