JAIIB-RBWM – Mock Test- 10
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1.
The sales volume of the product picks up and the product is likely to break even and start generating profits for the organization. This feature relate to which stage of product life cycle?
2.
Which characteristics are associated with the Strategic Business Unit (SBU) approach? A) Autonomy of divisions B) Flexibility in operations C) Focus on product offering and market segment D) Department-based segregation of functions
3.
What are the types of monthly installments in loan repayment? A) Bullet payment B) Fixed installment loan C) Equated Monthly Installments (EMI) D) Variable installment loan
4.
The beginning of credit cards in India dates back to the year 1980. Which bank was first to introduce a credit card?
5.
A new product development has to pass through several important stages such as 1) Generating new product ideas 2) Idea screening 3) Business analysis and Market analysis 4) Concept Testing 5) Actual product development 6) test marketing and commercialization. What is correct order of these stages?
6.
NEFT operates on a system which settles transactions in batches. This is known as?
7.
The horizontally organized model is the standard norm for which category of banks?
8.
Which banks introduced credit card products and spurred the retail banking space in the early 1980s.
9.
As per RBI directives, CICs and CIs shall keep the credit information collected/maintained by them, updated regularly on what periodicity?
10.
What is the procedure for paying interest on term deposits maturing on non-business days? A) Banks should pay interest at the contracted rate on the original principal deposit amount. B) Interest should be paid for the intervening days between the maturity date and the succeeding working day. C) In reinvestment deposits, banks should pay interest on maturity value for the days between maturity and the succeeding working day. D) Interest should not be paid for non-business days
11.
Given below are some statements. Mark these as True or False? 1) Most Public Sector Banks (PSBs) predominantly use outsourcing for various retail banking activities. 2) New generation private sector banks typically rely heavily on in-house resources for retail banking, with minimal outsourcing. 3) The Boston Consulting Group deduced four broadly defined process models for retail banking based on the technology and customer interface capabilities of the banks studied. 4). Product Development in Retail Banking is commonly done by following the instructions of the Top Management without any background research or analysis.
12.
Read the statements below and find which are True and False? 1) Voice-assisted banking allows customers to perform transactions without human assistance, utilizing natural language processing technology. 2) AI applications for lending decisions involve analyzing large volumes of data to provide customized financial advice and forecasts. 3) Digitization of documentation has led to longer wait times in queues at bank branches, impacting overall productivity.
13.
What documents are required for opening a current account by Co-operative Societies? 1) Certificate of registration 2) Bye-laws of the society 3) Resolution of the managing committee 4) Permission from Registrar of Societies.
14.
Banking products such as core SB account, home loan cater to which level of needs as per Maslow's theory?
15.
Which of the following are characteristics of Retail Banking? 1. Banking facilities are targeted at individual customers or small organisations. 2. Meets the need of a large number of customers with well diversified portfolios. 3. Focussed towards the mass market segment covering a large population of individuals and non-individual entities. 4. The services are extended to small size businesses only and not to medium enterprise.
16.
A business's ability to produce a return on an investment based on its resources in comparison with an alternative investment, is the definition for?
17.
Which mobile payment technology meant to rival credit cards where people could use their phones directly for purchases, was introduced and by whom?
18.
When banks offer holistic pricing across a specific group of products so that the total price proposition is attractive compared to standalone pricing, what that type of pricing is known as?
19.
For the purpose of retail banking business, a bank has segregated the functions of the organization such as accounting, marketing, finance, planning, etc. What approach has this been bank using?
20.
To provide banking products and services to individual customers, for non-entrepreneurial purposes is called?
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