JAIIB-RBWM – Mock Test- 02

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1. 
What is the term for the year in which income is earned for tax purposes, and the year in which income is taxed?

2. 
Read the statements given below and find out True and False? 1) Wealth management is solely focused on investments and savings. 2) Convertible bonds give the purchaser the right or obligation to convert the bond into shares of the issuing company. 3) Mandatory convertible bonds provide investors with the option, but not the obligation, to convert them into equity shares upon maturity.

3. 
What process involves returning a portfolio to its original target allocation to reinstate the original asset mix?

4. 
Some feature of retail banking are provided, hereunder. Which of these are correct? 1 The retail banking begins with a target clientele, which is the common masses 2 The retail banking slowly graduates through a stage, which can be called as 'class retail banking.' 3 The ‘class retail banking' is the stage in which the bank provides standardized banking products and services to its large no. of customers. 4 Retail banking that focuses solely at a niche customer segment may also be termed as private banking.

5. 

6. 
Regarding the new tax regime introduced in the Union Budget 2020, which of the following statements are correct? A) It offers lower tax rates without claiming deductions under various sections. B) It is mandatory for all taxpayers to follow the new regime. C) Taxpayers have the option to choose between the new regime and the old regime.

7. 
For home loans, borrowers and banks in India prefer which type of mortgages, out of a total of six types of mortgages?

8. 
What are some sources of information for an Marketing Information System from external sources group? A) Trade journals B) Sales reports C) Newspapers D) Internal databases

9. 
What is the process of assessing the worth of an asset or property known as?

10. 
Which of the following statements about leverage in banking are correct? A) Leverage increases the return on equity for bank owners. B) Banks use leverage to increase the number of loans made compared to bank capital. C) The regulator restricts the amount of leverage banks can have to protect the banking system. D) Leverage ratio is calculated as bank capital divided by bank assets.

11. 
In equity schemes, how are Mid Cap companies defined based on market capitalization?

12. 
How operating profit is calculated?

13. 
To determine the number of years before your money becomes almost triple, which rule is used?

14. 
Read the following statements and find out as to which ones are True and which ones are False? 1 The appraisal process in a loan, starts when the borrower comes to bank to know the procedure for sanction of loan. 2 Bank has to make sure that in case of a home loan, no interest of the minor child is involved in the home being financed. 3 The land is normally identified by the boundaries. Hence boundaries should be properly marked. 4 The application for home loan submitted by duly appointed Agent of another person, can be accepted, with some additional precautions.

15. 
Which characteristics describe the Integrated Approach to business? A) Focus on strategic business units B) Specialized functional approach C) Adoption by smaller businesses D) Emphasis on cohesive approach

16. 
Retail banking offers attractive and wide interest spreads due to what reason?

17. 
Which feature of Pradhan Mantri Jeevan Jyoti Bima Yojana – PMJJBY are given correctly? 1 It offers life insurance cover for death due to any reason. 2 To participate in the scheme, Aadhar would be the primary KYC for the bank account. 3 The assurance on the life of the member shall terminate on attaining age 50 years (age near birth day) 4 Insurance Premium is shared between insurance company, expenses to BC/Micro/Corporate/Agent, administrative expenses to participating Bank

18. 
Read the statements below and find out which are correct? 1 In case of agricultural lend, the net annual income is arrived at after deducting the expenses incurred such as local taxes, cost of maintenance, cost of inputs, insurance etc. 2 Capitalised value means the amount of money required today to get a certain fixed income in the form of annual instalments over a very long time (perpetuity). 3 The present value of future annual income is obtained by multiplying it by a factor called goodwill. 4 In Sales Statistics Method, the valuation is based on the comparable sale value of similar agricultural land located in the vicinity of the land to be valued.

19. 
For the purpose of capital gains as per Income-tax Law “Transfer”, in relation to a capital asset, includes which of the following? 1 Sale, exchange or relinquishment of the asset 2 Compulsory acquisition of an asset 3 Conversion of stock-in-trade to capital asset. 4 Allowing possession of immovable properties to the buyer in part performance of the contract

20. 
When product development is based purely on market conditions and customer segments, on the same lines as the leading banks do and without any background research, what this approach is called?

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