JAIIB-PPB – Mock Test-7
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1.
Validity period of a cheque was reduced by RBI from 6 months to 3 months by using its powers u/s __ of ___ Act
2.
The bills of lading, are generally prepared in ____. Hence all the copies must be obtained by the banker. Otherwise, the carrier is released from his obligation by delivering the goods on the presentation of any one copy containing ostensibly regular endorsements.
3.
Which of the following documents have uniform stamp duty in all States, because stamp duty rates are fixed by Central Govt.? 1 Promissory Note, 2 Partnership Deed 3 Bills of Ex-change, 4 Share Transfer
4.
B is an illiterate person maintaining an account with the bank. He wants to withdraw money from the account held him. How he can withdraw?
5.
Which of the following statements are True / False with regard to Terrorist financing (TF). 1) With growth of several terrorist organisations, Terrorist financing has assumed large proportions. 2) Terrorist financing has developed linkages with money laundering 3) For terrorist financing and money laundering, similar modalities are used. 4) ML, TF and FC (financial crimes) are interconnected.
6.
While establishing relationship with customer, the banks are to ensure that the identity of the customer does not match with any person or entity, whose name appears in the ______ circulated by RBI.
7.
Before the Strong room is closed, the Supervising Official, Head Cashier/Cash Officer/Cashier should check the bundles kept in the vault and verify the same with the Reserve Cash Register. This is called_____?
8.
Which of the following features of current accounts are correct? 1 It is meant for institutions but not for individuals, having large number/ volume of transactions. 2 It is mainly for day-to-day business and operational needs 3 It is for parking operational surplus funds. 4 No interest is payable by the bank on the deposits held
9.
In the context of mortgage, the right of foreclosure stands for:
10.
Instead of promissory note when some agreement is obtained, the form of such agreement should be in conformity with the ___ Act.
11.
Which of the following precautions are required to be taken by the customer, while drawing a cheque, under CTS? 1 Amount in words to begin close to the word "Rupees" without too much space 2 The amount in words should end with the word "only". 3 The amount in figures must be written close to the box and put "/-" after the amount 4 The unused space in the name and amount fields to be strike through to avoid any further additions.
12.
In India, exchange control was introduced on Sept 03, 1939 through:
13.
The Foreign Account Tax Compliance Act (FATCA) is tax information reporting regime, which requires Financial Institutions to identify accounts of their customers who are citizens of ____ through enhanced due diligence reviews and report them periodically to tax authority in that country
14.
The limitation period is going to expire on August 12. Account had become NPA on May 24. Z, the borrower made part payment in term loan on July 23. The limitation period shall extend with reference to which of these dates?
15.
Banker’s right of set-off is not defined but still it is a statutory right because it arises from ___ between the parties?
16.
Banks should maintain a minimum margin of ___ percent of the market value of equity shares / convertible debentures held in physical form and ___ % in case of securities held in dematerialized form, while allowing loans.
17.
Who is liable in case of loan in the name of HUF? Certain statements are provided here. Find out the correct statements? 1 Karta's is personally liable and his share is also liable 2 male coparceners’ liability is absolute 3 minor coparceners' liability is to the extent of their share 4 female coparceners’ share is liable but they are not personally liable
18.
In which of the following case, the relationship between customer and bank is given correctly: 1 loan against gold ornaments – Customer is pledgee 2 X is payee of demand draft – issuing bank is trustee 3 overdraft account of Z is showing credit balance – bank is debtor 4 by mistake, Z's account is credited by bank and money is withdrawn by Z – bank is creditor
19.
For calculation of interest on domestic term deposit, IBA, has prescribed that on deposits repayable in less than three months or where the terminal quarter is incomplete, interest should be paid proportionately for the actual number of days reckoning the year at ___ days
20.
As per provisions of Section ___ of ___ Act, the transferee of an actionable claim, shall take it, subject to all the liabilities and equities to which the transferor was subject, in respect thereof at the date of the transfer.
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