11/18/2019 Free Mock Test for JAIIB & CAIIB

WELCOME WEBSITES

ABM-Case Studies DAILY QUIZ - JAIIB - 20-10-2019 Bank Promotion exams

ABM-Recollected Only for Bankers
ABM-Last Minute Quoting of PAN is mandatory in respect of following transactions ...... (i) sale or purchase of any RBI
BFM-Case Studies
immovable property valued at Rs.5 lac or more, (ii) a time deposit exceeding Rs.50000 with a IIBF
banking company, (iii) A deposit exceeding Rs.50000 in any account with a post office saving
BFM-Recollected IRDA
bank
BFM-Last Minute SEBI
Important Circulars a. Only (i) and (ii) BCSBI
Master Circulars b. Only (i) and (iii) CIBIL
Bank DA Rates
c. Only (ii) and (iii) Banking and Insurance
d. (i), (ii) and (iii)
Bank Holidays Ministry of Finance
Life Ins Companies Ans - d Excise & Customs
List of PSBs ............................................. Income Tax Department
List of Private Banks NSE
A person approached the bank for sanction of loan but the bank refused the sanction of the
List of Foreign Banks BSE
loan......

a. the complaint can be entertained by the Ombudsman

b. the complaint cannot be entertained by the Ombudsman
c. the complaint cannot be entertained, as the person has not become customer of the bank, as
yet
d. the complaint can be entertained by the Ombudsman if customer could prove that he is a
creditworthy customer

Ans - b
.............................................

A member of the Distt. Forum under Consumer Protection Act holds office for a period of......

a. 3 years or till he attains the age of 62 years

b. 3 years or till he attains the age of 65 years
c. 5 years or till he attains the age of 62 years
d. 5 years or till he attains the age of 65 years

Ans - d
.............................................

Who of the following will be the members of the GST Council? (i) Union Finance Minister, (ii)
Union Minister of State in charge of Revenue or Finance, (iii) Chief Ministers of States
jaiibcaiibmocktest.com/20-10-19-jaiib.php 1/5
11/18/2019 Free Mock Test for JAIIB & CAIIB

a. Only (i) and (ii)

b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

Ans - a
.............................................

Which of the following is not correct regarding SARFAESI Act?

a. it extends to entire India including J & K

b. it came into effect wef June 21, 2002
c. it is applicable to housing finance companies
d. those assets of the borrower can also be sold on which the bank did not create any charge

Ans - d
.............................................

Under provisions of Bankers Book Evidence Act, the ...... can be compelled to produce , by a
court order

a. parties, records
b. bank officers, copies of records
c. bank officers, original books
d. parties, original records.

Ans - c
.............................................

As per section 2(1)(c) of Consumer Protection Act 1986, "complaint" means any allegation in
writing made by a complainant that a trader or service provider has charged for the goods or
service a price in excess of the price ...... (i) fixed by or under any law for the time being in
force, (ii) displayed on the goods or any package containing such goods, (iii) agreed between
the parties

a. Only (i) and (ii)

b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

Ans - d
.............................................

jaiibcaiibmocktest.com/20-10-19-jaiib.php 2/5
11/18/2019 Free Mock Test for JAIIB & CAIIB

If a dispute is referred to Lok Adalat by a court and the parties do not reach an agreement......

a. the Lok Adalt shall announce its own decision

b. the Lok Adalt shall start the procedure similar to a civil court
c. the Lok Adalt shall refer the case back to the court, which had referred the case to Lok Adalt.
d. none of the above

Ans - c
.............................................

The appeal can be made by the customer against the Award of the Ombudsman to Dy.
Governor RBI, within ......

a. 15 days of date of order

b. 30 days of date of order
c. 45 days of date of order
d. none of the above

Ans - d
.............................................

Incomes which accrue or arise outside India but are received directly into India are taxable in
case of ...... (i) Resident only, (ii) Both ordinarily resident and NOR, (iii) Non-resident

a. Only (i) and (ii)

b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

Ans - d
.............................................

The basic objective of enactment of SARFAESI Act was......

a. to improve the quality of bank lending

b. to enable banks and FIs to recover bad loans by laying hands on the security without court
intervention
c. to sell the assets of the borrower without going to a court of law
d. to reduce the NPAs

Ans - b
.............................................

jaiibcaiibmocktest.com/20-10-19-jaiib.php 3/5
11/18/2019 Free Mock Test for JAIIB & CAIIB

Which of the following statement is not correct regarding the Chairperson of DRAT?

a. he should be qualified to be a High Court judge

b. he is appointed for 5 years
c. he can hold office until he attains the age of 62 years
d. none of the above

Ans - c
.............................................

Income deemed to accrue or arise in India is taxable in case of ...... (i) Resident only, (ii) Both
ordinarily resident and NOR, (iii) Non-resident

a. Only (i) and (ii)

b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

Ans - d
.............................................

As per provisions of Bankers Book Evidence Act, if a court is to call a bank officer to appear as
witness, the order shall be served on the bank, giving days before the order is obeyed.

a. 2 working days
b. 3 clear business days
c. 3 clear working days
d. 3 days.

Ans - c
.............................................

The provisions of SARFAESI Act are applicable in case of......

a. all assets of the borrower

b. only movable assets of the borrower
c. only those securities which have been charged to the bank to secure the loan
d. only those securities which are already in possession of the bank.

Ans - c
.............................................

jaiibcaiibmocktest.com/20-10-19-jaiib.php 4/5
11/18/2019 Free Mock Test for JAIIB & CAIIB

Home Very Imp Information Mock Test Study Material Sample Papers Contact Us

Copyright @ 2019 : www.jaiibcaiibmocktest.com

jaiibcaiibmocktest.com/20-10-19-jaiib.php 5/5