Here are the details of JAIIB Sample Papers I job in Indian Institute of Banking & Finance - IIBF

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1 About JAIIB Sample Papers I Here are the details of JAIIB Sample Papers I job in Indian Institute of Banking & Finance - IIBF JAIIB Sample Papers 2012 with Answers, Solutions, JAIIB Question Papers, Sample Papers of JAIIB. JAIIB Sample Papers I:- 1) Reserve Bank of India s functions are classified into: a) Supervisory & Regulatory b) Promotional & Developmental c) Refinance Activities d) All of the above 2) Minimum Bank Rate is: a) 3% b) 4% c) 5% d) None

2 3) Sec ---- of RBI Act,1934 gives sole power to RBI to issue currency notes a) 10 b) 18 c) 22 d) 26 Ans:- ( c ) 4) KYC means a) Know Your Customer very well b) Know Your existing Customer very well c) Know Your prospective Customer very well d) Satisfy yourselves about the customer s identity and activities. 5) In a Garnishee Order, the banker on whom garnishee order served is: a) Judgement Debtor s Creditor b) Judgement Creditor s Creditor c) Judgement Creditor s Debtor d) Judgement Debtor s Debtor

3 6) Sec 131 of NI Act,1881 extends protection to the a) Paying Banker b) Collecting Banker c) Advising Banker d) Issuing Banker 7) Hypothecation is applicable in the case of a) Movable goods b) Immovable property c) Book debts d) Corporate guarantee Ans:- (a) 8) A cheque is dated 12/05/05.the due date is: a) 12/08/05 b) 14/09/05 c) 12/11/05 d) None

4 9) Charge created on LIC Policy is: a) Hypothecation b) Pledge c) Assignment d) Mortgage Ans:- ( c ) 10) Your bank grants a working capital finance to ABC & Co, a partnership firm, against hypothecation of inventory. The charge is to be registered with Registrar of Companies within a) 30 days from the date of advance b) 30 days from the date of hypothecation agreement c) 30 days from the date of sanction of loan d) None 11) Which one of the following is not barred by law of limitation? a) Pledge b) Hypothecation c) Banker s lien

5 d) Guarantee Ans:- ( c ) 12) The term Credit Management covers a) Capital adequacy norms b) Risk management including Asset/Liability management c) Credit appraisal decision and review of loans & advances d) All of the above 13) Bank s Assets are classified in to standard assets, substandard assets doubtful assets and loss assets, based on the recommendations of Committee a) Rangarajan b) Narasimham c) Ghosh d) Tandon 14) The time taken to convert cash into raw materials, semi finished goods, finished goods and into cash, is known as

6 a) Trade cycle b) Cash cycle c) Operating cycle d) Revolving cycle Ans:- ( c ) 15) A company which pools money from investors and invests in stocks, bonds, shares is called a) A bank b) An insurance company c) Bancassurance d) Mutual Fund 16) Bancassurance is a) An insurance scheme to insure bank deposits b) An insurance scheme to insure bank advances c) A composite financial service offering both bank and insurance products d) A bank deposit scheme exclusively for employees of insurance companies

7 Ans:- ( c ) 17) John & James are friends aged 14 & 15 respectively. They want to open a joint account in your bank. You will a) Allow them to open a joint account to be operated jointly b) Allow them to open a joint account with operating instructions Either or Survivor c) Allow them to open a joint account with operating instructions Former or Survivor d) Allow them to open a joint account with operating instructions Any one or Survivor Ans:- (a) 18) Mr.Atmaram as director of a Ltd company expired. Bank received a cheque signed by Mr.Atmaram as director of the Ltd company. The bank a) Can honour the cheque only after obtaining confirmation from other directors b) Can honour the cheque c) Cannot hounour the cheque d) The company should issue a stop payment instructions to the bank 19) Tele banking service is based on a) Virtual Banking b) Online Banking

8 c) Voice processing d) Core Banking Ans:- ( c ) 20) In a securitisation deal, the role of a Special Purpose Vehicle (SPV) is a) To acquire large Non Performing Loans (NPA) b) To acquire such loans from a bank or financial institution c) To acquire such loans for a transfer price, with or without recourse d) To manage the acquired loans for the purpose of realization or holds them as investment till maturity (d) 21)Securitisation is a process of acquiring the loans classified as a) Bookdebts b) Performing debts c) Bad debts d) Non performing debts 22)The minimum percentage of Priority Sector advances to be maintained by foreign banks in India a

9 ) 40% b) 18% c) 32% d) 60% Ans:- ( c ) 23) Loan for fish rearing is covered under Prirority Sector as advances a) Direct Agriculture b) Indirect Agriculture c) Self Employment Scheme d) Allied to indirect Agriculture Ans:- (a) 24) Cash Budget is a statement of a) Cash-Non cash funds b) Cash receipt and Cash payments c) Another name for cash flow d) None

10 25) In bank s parlance credit risk in lending is a) Default of the banker to maintain CRR b) Default of the banker to maintain SLR c) Default of the banker to release credit to the customer d) Default of the customer to repay the loan 26) The apex institution which handles refinance for agriculture and rural development is called: a) RBI b) SIDBI c) NABARD d) SEBI Ans:- ( c ) 27) Long Form Audit Report (LFAR) is prepared and submitted by a) RBI inspectors b) Internal inspectors c) Statutory auditors d) Concurrent auditors

11 Ans:- ( c ) 28) As per FIMMDA s guidelines, the Mid-Office is responsible for: a) Dealing activities b) Risk Management c) Reconciliation d) Confirmation of deals 29) Interest is calculated on actual/365 days basis in respect of the following products, except one : a) Call Money b) Notice Money c) Term Money d) GOI dated securities 30) Which was the first Mutual Fund started in India: a) SBI Mutual Fund b) Kotak Pioneer Mutual Fund

12 c) Indian Bank Mutual Fund d) None of the above 31) The regulator for Mutual Funds in India is: a) FIMMDA b) AMFI c) RBI d) SEBI 32) FIMMDA s general principles and procedures are applicable to: a) Fixed Income Markets b) Money Markets c) Derivatives Markets d) All of the above 33) Your bank s customer XYZ Ltd, enjoys a CC limit of Rs.1,00, The CC account shows a credit balance of Rs,10, The relationship between your bank and XYZ Ltd is: a) Debtor/Creditor

13 b) Creditor/Debtor c) Bailor/Bailee d) Bailee/Bailor Ans:- (a) 34) The right of set-off is: a) Customer s Right b) Customer s Obligation c) Banker s Right d) Banker s Discretion 35)Which of the following forms of business are permissible under BR Act: a) Borrowing b) Issuance of Letters of Credit c) Buying and selling of bullion d) All of the above 36) A Co-Operative Bank operating in different States are regulated by:

14 a) State Co-Operative Societies Act b) Banking Regulation Act c) Multi Unit Co-Operative Societies Act d) Banking Laws (applicable to Co-Operative Societies) Ans:- ( c ) 37) In respect of Regional Rural Banks, the share holding pattern is: a) Central Government 50%,State Government 35%,Sponsoring Bank 15% b) Central Government 50%,State Government 15%,Sponsoring Bank 35% b) Central Government 15%,State Government 35%,Sponsoring Bank 50% b) Central Government 35%,State Government 50%,Sponsoring Bank 15% 38) Law of limitation is not applicable in respect of : a) Advance against pledge of shares b) CC granted against hypothecation of inventory c) Term loan secured by mortgage of Plant & Machinery d) Bank Term Deposit

15 39) A bank in India, wants to undertake capital market activities, it should: a) Obtain special license from AMFI b) Obtain special license from FIMMDA c) Both a and b d) Register with SEBI 40) FIMMDA stands for: a) Foreign Exchange Markets and Derivative Markets b) Fixed Income Markets Money Markets and Derivatives Markets c) Fixed Income Markets and Derivatives Markets d) None of the above 41) The Capital Adequacy Ratio is : a) 6% b) 8% c) 9% d) 10%

16 Ans:- ( c ) 42) Except one of the following others are known as Non Fund based facilities: a) Letters of Credit b) Bank Guarantees c) Co-acceptance of Bills d) Trust Receipt 43) FIMMDA s guidelines cover the following products, except one: a) Call Money b) Cross Currency Interest Rate swaps c) Commercial Paper d) Certificate of Deposit 44) Except one of the following others are part of Public Sector Banks: a) State Bank of Hyderabad b) Central Bank of India

17 c) Regional Rural Bank, sponsored by a nationalized bank d) HDFC Bank 45) A banker is expected to honour the cheques within the specified banking hours as per Section of NI Act,1881 a) 22 b) 25 c) 31 d) 65 About JAIIB Sample Paper IV Here are the details of JAIIB Sample Paper IV job in Indian Institute of Banking & Finance - IIBF JAIIB Sample Paper IV with Answers. 1) Which one of the Non Resident Deposit schemes is not permitted. a) FCNR a/cs b) NRNR a/cs c) NRE a/cs

18 d) NRO a/cs 2) At the time of receipt of a garnishee order your customer s accounts showed : i)sb a/c uncleared balance Rs.2, (Cleared balance Rs ) ii) An overdue fixed deposit for Rs.25, matured one week earlier iii)od account showed a credit balance of Rs.8, iv)cc account showed a credit balance of Rs,2, ) Indicate the amount which can be attached by the garnishee order? a) Rs.28, b) Rs.10, c) Rs.37, d) Rs 4, Ans:- (c) 4) )You receive a cheque in an overdraft account for Rs.27,

19 The debit balance in the account is Rs.30, and the OD state while returning limit is Rs 55, What reason you will a) Refer to drawer b) Effects Not cleared c) Exceeds arrangement d) Endorsement not correct 5) Match the following: i) Payment in Due Course A) Insurance ii) Karta B) Cash Credit iii) IRDA C) HUF iv) Hypothecation of Inventory D) Paying Banker a) i-d,ii-c,iii-a,iv-b b) i-a,ii-b,iii-c,iv-d c) i-b,ii-a,iii-d,iv-c d) i-d,ii-c,iii-b,iv-a Ans:- (a) 6) Match the following: Identify the Committees:

20 i)classification of Assets A) Nayak ii)computerisation in Banks iii)working Capital for SSIs iv)capital Account Convertability B) Tarapore C) Narasimham D) Rangarajan a) i-b,ii-d,iii-c,iv-a b) i-d,ii-c,iii-a,iv-b c) i-b,ii-a,iii-c,iv-d d) i-c,ii-d,iii-a,iv-b 7) Match the following: i) Financial intermediaries A) Mutual funds ii)atms iii)certificate of Deposits iv)book debts D)Assignment B) E- Banking C) Money Markets a) i-c,ii-d,iii-a,iv-b b) i-d,ii-c,iii-b,iv-a c) i-a,ii-b,iii-c,iv-d d) i-a,ii-c,iii-b,iv-d

21 Ans:- (c) 8) When a cheque is drawn on a bank, the bank is called the a)payee b)drawee c)drawer d)endorsee 9) One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called : a)overdraft b)temporary loan c)short term finance d) Ways and Means advance 10) Maximum Bank Rate is: a) 6% b) 20%

22 c) 25% d) None 11) Obligation of a Banker to maintain secrecy is applicable to a) Only in case of existing deposit accounts b) Only in respect existing loan accounts c) Only in case of closed accounts d) All types of deposit/loan accounts (existing/closed) 12) Bank A allows one of its clients to withdraw against clearing of a cheque. The banker is called as: a) Collecting and Paying banker b) Holder in due course c) Holder for value d) Reimbursement banker Ans:- (c) 13) As per the provisions of NI Act,1881 a banker gets protection for payment of a cheque only if it is a :

23 a) Holder in due course b) Payment in due course c) Holder for value d) All of the above (b) 14) One of your NRI customers wants to place FCNR deposits in Canadian $ with your bank. You will a) Accept his request and open a FCNR a/c b) Will not accept his request to open FCNR a/c in Canadian $ c) Will inform the customer to place FCNR in any one of the currencies (US$/GBP/JPY/EUR) d) Both b and c Ans:- (a) 15) In a demand draft the word order is changed to bearer by the holder of the dd. It is called as: a)endorsement b)material alteration c)crossing d)none of the above