Jaiib Mock Testjaiib Candidates At Bangur-sealdah

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Jaiib Mock Testjaiib Candidates At Bangur-sealdah

ONLINE MOCK TESTINSTRUCTIONS:A) EACH PROBLEM IS COMPULSORYB) NO NEGATIVEC) TIME ONE HOURD) COVERING ALL THE THREE SUBJECTSE. TAKE A PIECE OF PAPER AND MARK THE CORRECT OPTION OF EACH QUESTION MARKED GREENFIND YOUR WRONG ANSWER AND TRY TO UNDERSTAND WHY AFTER THE EXAMTHIS TEST WOULD HELP YOU UNDERSTAND YOUR FOOTING AND WHERE TO GO TO CRACKYOU CAN COPY THE QUESTION SHOWN BELOW THE START BOTTOMBEST WISHES TO YOU ALLBPS


Questions and Answers
  • 1. 
    Which of the following is not a debt market instrument
    • A. 

      Treasury Bills

    • B. 

      Commercial Bills

    • C. 

      1+ 2

    • D. 

      Debentures

    • E. 

      3 + 4

  • 2. 
    RBI performs which of the following function to control banks
    • A. 

      Regulatory

    • B. 

      Supervisory

    • C. 

      Both

    • D. 

      None

  • 3. 
    Which of the following instrument is not negotiable but transferable
    • A. 

      Commercial papers

    • B. 

      Bill of lading

    • C. 

      Certificate of Deposit

    • D. 

      Commercial Bills

  • 4. 
    A boy is stated to be minor in case he has not attained _______ years of age as per 
    • A. 

      Indian Contract Act

    • B. 

      Indian Majority Act

    • C. 

      Indian Minority Act

    • D. 

      None

  • 5. 
    A loan after becoming NPA will remain substandard category for maximum period of
    • A. 

      90 days

    • B. 

      12 months

    • C. 

      6 months

    • D. 

      So long it is not classified as Doubtful Assets

  • 6. 
    Maximum value of any pre paid instrument shall not exceed Rs
    • A. 

      10000

    • B. 

      25000

    • C. 

      50000

    • D. 

      75000

  • 7. 
    OTCEI stands for
    • A. 

      Over the counter exchange of India

    • B. 

      Over the counter earning of income

    • C. 

      Over the counter essential instruments

    • D. 

      None

  • 8. 
    CCIL stands for
    • A. 

      CLEARING CREDIT INVESTMENT AND LIQUIDITY

    • B. 

      CREDIT CORPORATION OF INDIA LTD

    • C. 

      CLEARING CORPORATION OF INDIA LTD

    • D. 

      NONE

  • 9. 
    Penalty clause for complaint related to ATM transaction over non compliance by banks beyond stipulated period is Rs. ________ per day beyond _______ days
    • A. 

      150 / 12

    • B. 

      150 / 10

    • C. 

      100 / 12

    • D. 

      100 / 7

    • E. 

      None / None

  • 10. 
    While preparing Final accounts the real assets will find the place in
    • A. 

      Asset side of Profit & Loss

    • B. 

      Asset side of Balance Sheet

    • C. 

      Debit side of Profit & Loss a/c

    • D. 

      Credit side of Trading a/c

  • 11. 
    Which one of the following is an unsecured instrument
    • A. 

      Commercial paper

    • B. 

      Certificate of deposit

    • C. 

      Bond

    • D. 

      All

    • E. 

      None

  • 12. 
    In which year the Payment and Settlement System Act was passed and in which year Payment and Settlement System Regulations were framed to provide necessary statutory back up to RBI
    • A. 

      2007 / 2008

    • B. 

      2005 / 2006

    • C. 

      2006 / 2007

    • D. 

      2008 / 2009

  • 13. 
    NGRTGS stands for
    • A. 

      NEWLY GRADED RTGS

    • B. 

      NEXT GENERATION RTGS

    • C. 

      NEMERIC AND GRID RTGS

    • D. 

      NUMBER GENERATED RTGD

  • 14. 
    CCIL plays the crucial role of a CCP in the government securities, USD - INR exchange and collaterised borrowing and lending operation. CCP stands for
    • A. 

      CLEARING CORPORATION FOR PAYMENT

    • B. 

      CENTRAL COUNTER PARTY

    • C. 

      CASH AND CLEARING PAYMENT

    • D. 

      NONE

  • 15. 
    Cash Reserve Ratio is defined in
    • A. 

      B.R. Act

    • B. 

      RBI Act

    • C. 

      Sale of Goods Act

    • D. 

      Transfer of Property Act

  • 16. 
    Dematerialisation of share means
    • A. 

      Conversion of shares from electronic to physical form

    • B. 

      Transfer of shares from buyer to seller

    • C. 

      Transfer of shares from seller to buyer

    • D. 

      Converting shares from physical to electronic form

  • 17. 
    IRDA is the
    • A. 

      Regulatory authority for framing regulations to control insurance business

    • B. 

      Regulatory authority for controlling short term money market operations

    • C. 

      Regulatory authority for controlling bond markets

    • D. 

      Regulatory authority for controlling forex business

  • 18. 
    Governor of RBI and four Deputy governors are appointed by
    • A. 

      President of India

    • B. 

      Central Government

    • C. 

      Parliament

    • D. 

      Empowered group appointed by finance dept GOI

  • 19. 
    The rationale behind regulation of the banking / financial system is
    • A. 

      To generate, maintain and promote confidence and trust of the public in the banking / financial system

    • B. 

      To protect inventors' interest by adequate / timely disclosure by the institutions and access to the information by the investors.

    • C. 

      To ensure that the financial markets are both fair and efficient

    • D. 

      To ensure that the participants measure up to the rules of the market place

    • E. 

      All of the above

  • 20. 
    The typical retail deposit products do not include
    • A. 

      Senior citizen deposit product

    • B. 

      Zero balance account for salaried class people

    • C. 

      Term deposit products

    • D. 

      Credit card products

  • 21. 
    Non fund based services include
    • A. 

      Term loan

    • B. 

      Letter of credit

    • C. 

      Working capital finance

    • D. 

      Export credit

  • 22. 
    T- Bills is money market instrument of----------------authority
    • A. 

      GOI

    • B. 

      RBI

    • C. 

      Either

    • D. 

      No such instruments

  • 23. 
    The settlement of money market deals are operated through
    • A. 

      NEFT

    • B. 

      RTGS

    • C. 

      Bankers' cheque

    • D. 

      ECS

  • 24. 
    FIU-INDIA stands for
    • A. 

      Financial Intelligence Unity - India

    • B. 

      Financial Integrated Unit - India

    • C. 

      Financial Intelligence Unit - India

    • D. 

      Finance and Industrial Unit - India

  • 25. 
    One of the key elements of KYC policy is
    • A. 

      Customer Identification Policy

    • B. 

      Customer Identification Procedure

    • C. 

      Customer Acceptance Procedure

    • D. 

      Customer Acceptance Principle

  • 26. 
    The objective of BCSBI is to ensure fair treatment to
    • A. 

      Senior citizens

    • B. 

      Bank Employees

    • C. 

      Customers

    • D. 

      Women Segments

  • 27. 
    In terms of SARFAESI Act 2002 obligor means
    • A. 

      Bank

    • B. 

      Borrower

    • C. 

      Guarantor

    • D. 

      Authorized person

  • 28. 
    Economic life 7 years. Find the rate of depreciation ------ % for the 3 year under SYD
    • A. 

      3.57

    • B. 

      25

    • C. 

      17.85

    • D. 

      None

  • 29. 
    In which of the following methods of deprecation the book value of an asset would not be zero where there is no scrap value
    • A. 

      SLM

    • B. 

      Declining balance method

    • C. 

      Double declining balance method

    • D. 

      SYD

  • 30. 
    Cost of a machine Rs. 150000. Economic life 5 years. Find the rate of depreciation under SLM and WDV 
    • A. 

      20%

    • B. 

      25%

    • C. 

      33.33%

    • D. 

      None

  • 31. 
    A Motor Byke purchased in the month of July 2014 costing Rs. 60000. If economic life is five years and scrap value is 10000 find the amount of depreciation as of 31.03.2018 and find the book value of the asset as at the end of 31.03.2018
    • A. 

      37500 & 22500

    • B. 

      40000 & 20000

    • C. 

      45000 & 15000

    • D. 

      None

  • 32. 
    You have planned to marry after six years when you need 10 lacs. How much you have to invest when rate of interest is 8% compounded quarterly
    • A. 

      596700

    • B. 

      624700

    • C. 

      621700

    • D. 

      None

  • 33. 
    Find the effective rate for the nominal rate of 12% compounded monthly
    • A. 

      12.36

    • B. 

      12.68

    • C. 

      12.26

    • D. 

      12.76

  • 34. 
    You have taken a loan of certain amount to be repaid in 24 EMI of Rs.5000 @9%. find the loan amount
    • A. 

      112460

    • B. 

      110460

    • C. 

      109460

    • D. 

      None

  • 35. 
    Your branch debits account of customer P and credits customer Q for Rs 5000. The CBS system will post the transaction as follows
    • A. 

      Debit P a/c Rs. 5000; and credit Q Account Rs. 5000,

    • B. 

      Debit P a/c Rs. 5000; and credit Q Account Rs. 5000, then Debit Q a/c Rs. 5000; and credit Balancing Rs. 5000,

    • C. 

      Debit P a/c Rs. 5000; and credit Balancing Account Rs. 5000, then Debit Balancing a/c Rs. 5000; and credit Q Account Rs. 5000,

    • D. 

      None

  • 36. 
    On completion of day's transactions, branch performs 
    • A. 

      Day end options

    • B. 

      Day end operation

    • C. 

      Day end opinion

    • D. 

      Damy end optimum

  • 37. 
    After business hours of the bank, the following function is not performed
    • A. 

      Supplementary report is printed and filed

    • B. 

      Cash denomoination report is printed and filed

    • C. 

      Vouchers are tallied and signed

    • D. 

      Intimation of branch closure is sent by mail

  • 38. 
    In CBS environment CDC stands for
    • A. 

      Control Data Cabling

    • B. 

      Central Data Centre

    • C. 

      Core Device control

    • D. 

      Core Data Centre

  • 39. 
    BCSBI publishes 
    • A. 

      Code of Bank's Commitment to Customers

    • B. 

      Code of Bank's Commitment to Micro & Small Enterprises

    • C. 

      1 + 2

    • D. 

      Code of Bank's Commitment to Senior Citizens for Banking Services

  • 40. 
    Total Assets = Total claim of outsiders + Net worth  
    • A. 

      True

    • B. 

      False

  • 41. 
    What will be the effect in Balance sheet when the business has purchased goods for Rs. 500000 on credit.
    • A. 

      Balance in the bank a/c will be reduced by Rs. 500000

    • B. 

      Balance in the purchase a/c will be reduced by Rs.500000

    • C. 

      Balance in cash and Bank a/c will have direct proportionate impact of Rs.250000 each

    • D. 

      Balance in Sundry Creditor a/c will be increased by Rs. 500000

  • 42. 
    In case of Low risk customers, norms for periodic updation of full KYC is 
    • A. 

      5 years

    • B. 

      8 years

    • C. 

      10 years

    • D. 

      12 years

  • 43. 
    Peculiar features of accounting system in banks give 
    • A. 

      Relatively lesser emphasis on books of prime entry such as cash books or journal

    • B. 

      Relatively greater emphasis on books of prime entry such as cash books or journal

    • C. 

      Highest emphasis on books of prime entry such as cash books or journal

    • D. 

      None

  • 44. 
    Need for bank reconciliation is 
    • A. 

      To detect errors and to take timely action for correction of balances

    • B. 

      To reconcile the balance shown as per the cash book and the balance as per the pass book

    • C. 

      1 & 2

    • D. 

      Answer no 1 only

  • 45. 
    Bank reconciliation is done by
    • A. 

      Banks

    • B. 

      Bank employees

    • C. 

      Companies

    • D. 

      None

  • 46. 
    Back to Back LC means
    • A. 

      LC which id issued as a back up to help the exporter

    • B. 

      LC that is written both on the front side and back side of the undertaking

    • C. 

      Further LC that can be opened on the basis of original LC

    • D. 

      The LC exporter gets finance from the bank for production of goods to be expored.

  • 47. 
    Issuing bank in the parlance of LC refers to
    • A. 

      Applicant's bank issuing LC

    • B. 

      Beneficiary's bank issuing LC

    • C. 

      Exporter's bank issuing and negotiating documents.

    • D. 

      Confirming bank issuing confirmation

  • 48. 
    Deferred payment guarantee means
    • A. 

      Any guarantee issued by buyer's bank for making future payments

    • B. 

      Any guarantee issued by seller's bank for making future payments

    • C. 

      Any of the above

    • D. 

      None

  • 49. 
    As per Basel committee market risk may arise from
    • A. 

      Treasury operations

    • B. 

      Issuance Letter of Guarantee

    • C. 

      High interest rate variation

    • D. 

      Issuance of Letter of credit

  • 50. 
    Merger of two companies, when one of them is actual or potential supplier of goods and services to other, it is called  
    • A. 

      Vertical merger

    • B. 

      Horizontal merger

    • C. 

      Extension merger

    • D. 

      Conglomerate merger

  • 51. 
    CIBIL stands for
    • A. 

      Credit Information Board of India Ltd

    • B. 

      Credit India BureauI Information Ltd

    • C. 

      Credit Information Bureau of India Ltd

    • D. 

      Credit Institute Bureau of India Ltd

  • 52. 
    A company requiring to issue commercial paper should have minimum TNW (Tangible Networth) of Rs.  
    • A. 

      2 Crore

    • B. 

      3 Crore

    • C. 

      4 Crore

    • D. 

      5 Crore

  • 53. 
    No complaint can be lodged to OMBUDSMAN unless
    • A. 

      The complainant has suffered monetary loss not below Rs.500

    • B. 

      the complainant has made a written representation to the and the bank has not given any reply.

    • C. 

      The complainant has running account with the bank

    • D. 

      The complainant has completed at least 18 years of age

  • 54. 
    Base rate system does not relate to
    • A. 

      DRI loan

    • B. 

      Loan to bank employees

    • C. 

      Loan granted against bank's own time deposit

    • D. 

      Personal loan

  • 55. 
    Usurious loan Act, 1918 
    • A. 

      Encourages loan to weaker section at concessional rate so that poor people gets benefit from banking system

    • B. 

      Prohibits lending at exorbitant rates. It has been made to protect weaker section of people

    • C. 

      Shields banks from unnecessary competition from foreign banks who have got better capital structure

    • D. 

      Makes it possible for entities to take venture in Indian money market,

  • 56. 
    Base rate is applicable for those loan accounts with minimum balance of 
    • A. 

      2 lac

    • B. 

      3 lac

    • C. 

      5 lac

    • D. 

      No such minimum limit

  • 57. 
    The bank holding the charge in the form of hypothcation can take possession of the asset as per SARFAESI Act
    • A. 

      True

    • B. 

      False

  • 58. 
    Bank's general lien is applicable on
    • A. 

      Immovable properties

    • B. 

      Bank's time deposits

    • C. 

      LIC policies

    • D. 

      Raw materials stored in godown