JAIIB-RBWM – Mock Test- 03
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1.
Which of the following can open current accounts? 1) Proprietors, 2) Partnership firms, 3) Public and private companies, 4) Trusts, 5) Associations of persons, 6) Individuals.
2.
What are the challenges facing India's AI development? A) Al-based applications have been driven largely by the private sector and not yet in govt sector B) Outdated sequential system of education and work C) Concerns of unemployment due to automation replacing labor D) Insufficient investment in AI research and development
3.
What is the range for credit score values?
4.
The sophisticated information and communication technologies together with computer science to enable banks to offer better services to its customers in a secure, reliable, and affordable manner, is called?
5.
Who defined the Bank Marketing as ‘the matching of bank’s resources with the customer’s needs in the most profitable manner’?
6.
Read the statements below and identify these, as True and False (T/F)? 1) Savings Bank Deposit Accounts (SB) typically offer higher interest rates compared to Current Deposit Accounts (CA). 2) Current account holders are not required to maintain a minimum balance. 3) Only individuals need to provide an Officially Valid Document (OVD) for opening a current account.
7.
How many passport size photographs of the customer in the case of an account of an illiterate person should be obtained and how should these be used?
8.
The transactions that mainly arise out of treasury operations such as money and debt market deals and foreign exchange transactions fall in which category of RTGS transactions?
9.
In the banking scenario which products are essentially those products which define what kind of business the bank is in?
10.
the study period and subsequent moratorium period prior to commencement of repayment what interest concession may be provided by the bank?
11.
What are the parties involved in a funds transfer under the NEFT system, and what advantages does NEFT offer over other modes of funds transfer? A) The parties involved in a NEFT transaction include the Sending Bank, the Sending Service Centre, and the NEFT Clearing Centre. B) NEFT offers advantages such as cost-effectiveness, near real-time fund transfer, and the ability for the remitter to initiate remittance from home. C) The NEFT system includes the Receiving Service Centre and the Beneficiary Branch as parties to a funds transfer. D) NEFT does not provides credit confirmation of remittances sent by SMS or email, reducing the need for physical instruments.
12.
If any funds borrowed from banks are utilized for purposes unrelated to the operations of the borrower, to the detriment of the financial health of the entity or of the lender, it is called (Siphoning of Funds / Diversion of funds).
13.
Technology is the ___ for building and translating a customer database into retail banking business.
14.
What are the services offered by the National Financial Switch (NFS) network? A) Inter-operable Cash Deposit (ICD) /Mobile Banking Registration (MBR) B) Card-to-Card Fund Transfer (C2C)/ Cheque Book Request C) Statement Request (SR) / Aadhar Number Seeding (ANS) D) Real-Time Gross Settlement System (RTGS) / Delivery Versus Payments (DVP)
15.
The payment instruments that facilitate the purchase of goods and services, including financial services, remittance facilities, etc., against the value stored on such instruments are called?
16.
A bank draw only an order demand draft. It cannot make its demand draft payable to bearer as it amounts to a currency note. This is treated a violation of Section ___ of ___ Act.
17.
If a borrower wants to make an appeal to the Debt Recovery Appellate Tribunal under the Recovery of Debts and Bankruptcy Act 1993, against the decision of the Debt Recovery Tribunal, it can do so by depositing _____ of the amount stated by DRT:
18.
When the bank enriches a product voluntarily, in order to enhance the value of the product which are suggested by the customer, what these are called?
19.
Globally, the first bank card (called 'ChargeIt') was issued in the year 1946 by whom?
20.
What is viewed as a function, a process, a profession and a class of people where managers perform task and activities?
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