JAIIB-PPB – Mock Test-2
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1.
Artificial intelligence (Al) is an area of computer science that emphasizes the creation of ____ software that work and react like humans.
2.
Which of the following statements are correct regarding fibre optics? 1 Transmissions are affected by electromagnetic interference. 2 The data transfer is through very thin glass or plastic fibres with a beam of light. 3 The light source is a laser beam driven by a high-speed, high current driver.
3.
Banks are required to upload regularly and immediately, on CKYCR the KYC data pertaining to all individual accounts opened on or after ____ . Banks are required to upload KYC records pertaining to accounts of legal entities (LE’s) opened on or after ___
4.
Treat others with love and compassion and do to others, you would like them do to you. This is requirement of which type of thinking?
5.
Customer Acceptance Policy should not result in denial of banking/financial facility to members of the general public, especially those, who are financially or socially disadvantaged. But in case of non-compliance of the KYC guidelines by an existing customer, what action can be taken by banks?
6.
In sales department of a bank there are 2 sales managers (X and Y) in comparable position with similar experience. X achieved lesser sales target but did not violate any ethical principle. His style of selling a product was well received. Y achieved higher sales target by using some unethical methods. Who shall be applauded and encouraged, to emit signals that the organisation visibly believe in appreciating the ethicality of means.
7.
The bankers need to consult lawyers and obtain their legal opinion before accepting any land and building as a security. The lawyers should ascertain that the person in whose name the property stands has a good, valid, subsisting and marketable title over the property. This has to be done by verifying record with the ____ office?
8.
The settlement of payments carried on Clearing House Inter-Bank Payment System (CHIPS) is done through which organization?
9.
Full-KYC PPIs issued by AD-I banks can be used in cross-border outward transactions for permitted purchase of goods and services. The per transaction ceiling amount shall be Rs.___ and monthly ceiling of Rs.___?
10.
Base rate system of lending rates had replaced the ____ system w.e.f. 01.07.2010 and it was introduced on the recommendations of RBI Working Group headed by ___.
11.
Read the statements given below about National Payments Corporation of India (NPCI) and find out which one is True and False? 1 NPCI is a pioneer organization in the field of retail payments in India. 2 NPCI was founded in December 2008 as a not-for-profit organization 3 NPCI was established by RBI and SEBI 4 NPCI's vision is to provide anytime, anywhere payment services that are simple, easy to use, safe, secure, fast and also cost-effective.
12.
A practising fairness is committed to equal distribution of justice and treats all individuals equally. Which of the following aspect justify this perspective? (1) Simple equality (2) Commercial equitability (3) Socialist model (4) Gandhian philosophy Options
13.
Which of the following is not characteristic of Instrumental values?
14.
What is repayment holiday/Moratorium period in case of education loans after the course period?
15.
The funds from criminal activity are introduced into the financial system. Typically, this is done through deposits in multiple bank accounts. This process in money laundering, is known as?
16.
In case of accounts of non-face-to-face customers – OTP based Aadhaar Verification, the aggregate balance of all the deposit accounts of the customer shall not exceed Rs.____ ?
17.
Z, a customer remitted money for purchase of shares of a company. The bank bought shares in parts, but before completing the rest of the purchase, it failed. For the remaining money, the bank stood in the capacity of a ____
18.
In UPI, a transaction where the initiating customer is pushing funds to the intended beneficiary is known as?
19.
Which statement are True or False on Work Ethics? 1. It has universally similar connotations across countries, religions, organisations etc. 2. It has no universally similar connotations across countries, religions, organisations etc. 3. It has great amount of common agreement on the aspect called work ethics. 4. It is tough question to identify whether or not some employee is following work ethics.
20.
The transfer of interest in the immovable property by a person, to secure payment of loan obtained, is called:
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