JAIIB-RBWM – Mock Test- 04

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1. 
The _____ mutual funds allow an investor to invest money and redeem anytime as per one’s needs and one’s strategies regardless of any time circumstances.

2. 
When accepting a power of attorney (POA) for giving a home loan, where should it be ensured that the POA is duly registered?

3. 
In respect of a loan taken for the Purchase/ Construction/ repairs of a Residential Unit, the borrower can avail the benefit of payment of interest as well as repayment of principal. Tax deduction on payment of home loan interest is available as per which section of the Income Tax Act 1961?

4. 
The objective of Code of Bank’s commitment to MSE of BCSBI has following objectives? 1 To give a positive thrust to the MSE sector by providing easy access to efficient banking services. 2 To increase transparency so that MSE can have a better understanding of what they can reasonably expect of the services. 3 To improve member banks understanding of their business through effective communication. 4 To make collateral free bank loans available to MSEs

5. 
The service quality of the bank should match the customer expectations in total and result in total satisfaction of the customer. This is called?

6. 
How are the seven Ps of the marketing mix interconnected? A) Each P is independent in deciding the market strategies. B) The success of one P depends on the failure of the others. C) The effectiveness of one P influences the effectiveness of the others. D) The seven Ps operate in isolation from each other.

7. 
Which of the following statements about investment characteristics and elements are true? A) The prime objective of any type of investment is to earn a return. B) Risk means the variability in return due to loss of capital or non-payment of income. C) Safety assures the return of the original principal with no loss in value. D) Liquidity means the investor can sell their investment without incurring much transaction costs, energy, or time.

8. 
What are the elements of investment besides return and risk?

9. 
What are some important aspects of wealth management? A) Understanding investment needs B) Knowing the right products and services C) Offering free advisory services D) Estate planning

10. 
A mortgage deed has three basic requirements to remain legally valid. What are they?

11. 
Which customers are eligible for internet banking accounts? A) Individuals and corporate customers of networked branches. B) Proprietary concerns. C) Accounts in the names of minors. D) Jointly operated accounts.

12. 
Retail Banking delivery channels can be a physical and a remote channel. The three important human interventions in physical channels are: 1) Internal Customer – Staff of the Branch. 2) ____ 3) Direct Selling Associates (DSAs).

13. 
At any other bank’s ATMs at Metro locations, banks must offer their savings bank account holders a minimum of ___ free transactions (including both financial and non-financial transactions) in a month.

14. 
A marketing program typically involves decisions on which marketing mix ingredients

15. 
In Bharat Interface for Money (BHIM), a user can set UPI PIN by providing the last ___ digits of the debit card and expiry date of the debit card.

16. 
Which statements are true regarding the types of Portfolio Management Services? A) Active Portfolio Management aims to beat the performance of a market index but involves higher risk. B) Passive Portfolio Management aims to replicate an index with minimal portfolio churning and low transaction costs. C) Discretionary Portfolio Management allows clients to control the portfolio with guidance from the manager. D) Non-discretionary Portfolio Management involves the portfolio manager making all investment decisions without client input.

17. 
Code of Bank's Commitment to MSE was brought out by BCSBI in May 2008 to set minimum standards of banking practices for banks to follow when they are dealing with Micro and Small Enterprises (MSEs). It was revised in_____.

18. 
A bank can set up a subsidiary/joint venture company for undertaking insurance broking and corporate agency by fulfilling the eligibility criteria (as on March 31 of the previous year). Which of these is correctly mentioned in this regard? 1 Its net worth shall not be less than ₹100 Crore after investing in the equity of such company; 2 It has the minimum prescribed capital (including Capital Conservation Buffer) after investment 3 Its level of net non-performing assets is not more than 3 percent; 4 It has made a net profit in the preceding three financial years

19. 
Up to what value is a gift exempted from tax?

20. 
Who is responsible for collecting and managing funds in a Mutual Fund?

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