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NEXTGEN JAIIB - CAIIB: JIB-211-PPB-M-A-E040
manmeet.sachd
Sunday, 31 July 2016
JIB-211-PPB-M-A-E040
PRINCIPALS AND PRACTICE OF BANKING :: MCQ FROM BOOK
TEST No:JIB-211-PPB-M-A-E040 :: No of Questions: 040 :: Time Allowed : 33 Minutes
Directions: Please Tick Appropiate Option and Submit, Inform Serial Number of Questions where you need detailed Explanation
bhagirathprayash@gmail.com or Massage to 9462900411
Question 1: http://nextgenjaiib.blogspot.in/-JIB-211-PP
Factoring service means:
(a) Collection of bills
(b) Discounting of bills
(c) Maintenance of account books
(d) All of the above.
Answer: (d) All of the above.
Question 2: http://nextgenjaiib.blogspot.in/-JIB-211-PP
The type of arrangement under which a bank pays the seller the value of the bill and later collects it from the buyer on the due da
(a) Bill discounting
(b) Factoring
(c) Forfeiting
(d) None.
Answer: (a) Bill discounting
Question 3: HTTP://NEXTGENJAIIB.BLOGSPOT.IN /-JIB-211-PP
The type of factoring under which the factor collects back from the seller the amount paid by him in case of non-payment of the b
called:
(a) Recourse factoring
(b) Non-recourse factoring
(c) Bills discounting
(d) Bills purchased.
Answer: (a) Recourse factoring
Question 4: HTTP://NEXTGENJAIIB.BLOGSPOT.IN/-JIB-211-PP
Under domestic factoring, the payment of the bills that the seller gets from the factor is:
(a)100 per cent of the value of the bills immediately on submission.
(b) nearly 80 per cent of the bill amount upon tendering the bill and the balance on due date.
(c) nearly 80 per cent of the bill amount upon tendering the bill and the balance on due date after collecting it from the buyer.
(d)100 per cent of the value of the bill only after collection from the buyer.
Answer: (c) nearly 80 per cent of the bill amount upon tendering the bill and the balance on due date after collecting it from th
Question 5: HTTP://NEXTGENJAIIB.BLOGSPOT.IN/-JIB-211-PP
In international factoring, the number of factors will be:
(a) 2
(b) 1
(c) 1
(d) more than 2
Answer: (a) 2
1/7
 Question 6:

Forfeiting provides finance against the export receivables to an exporter:

with recourse to the exporter
without recourse to the exporter
both
either one

Answer: (b) without recourse to the exporter

Question 7:

Forfaiter is:
an intermediary between an exporter and importer
an exporter
an importer
a bank.

Answer: (a) an intermediary between an exporter and importer

Question 8:

Forfaiting provides to the exporter against receivables:

100 per cent financing
80 per cent financing
depending on the contract with the forfaiter
none.

Answer: (a) 100 per cent financing

Question 9:

Forfaiting enables the exporter to avoid the following risks:

interest-rate risk
Currency risk
Credit risk and political risk
all.

Answer: (d) all.

Question 10:

Bank Guarantees are issued by:

any bank
only specified banks
only banks permitted to do this type of business
none.

Answer: (a) any bank

Question 11:

In a bank guarantee, the numbers of parties involved in the agreement are:

three
two
many
one.

Answer: (a) three

Question 12:

Letter of Credit is defined in the:

Indian Contract Act
Negotiable Instruments Act
Transfer of Property Act
None.

Answer: (d) None.

Question 13: http://nextgenjaiib.blogspot.in/-JIB-211-PP

A revolving Letter of Credit is one which provides that the amount of drawing stipulated in it will be available to the beneficiary:
agreed between the buyer and the seller within a stipulated period.
(a) Any number of times
 Only one once
None
Two Times

Answer: (a) Any number of times

Question 14: http://nextgenjaiib.blogspot.in/-JIB-211-PP

A forward exchange contract is a firm contract for the purchase/sale of a specified quantity of a stated foreign currency at a pre-d
between the bank and its:
(a) exporters
(b) importers
(c) both
(d) none

Answer: (c) both

Question 15: http://nextgenjaiib.blogspot.in/-JIB-211-PP

One of the following forms may not result in credit risk:

(a) in the case of direct lending: principal and/or interest amount may not be repaid;
(b) in the case of guarantees or letters of credit: funds may not be forthcoming from the constituents upon crystallisation of the li
(c) in the case of securities trading businesses: funds/securities settlement may not be effected;
(d) none.

Answer: (d) none.

Question 16:

Operational risk is the risk of loss arising from various types of:
Human error
Failed systems and procedures in the bank
Breakdown in internal controls
all of the above.

Answer: (d) all of the above.

Question 17:

The Basel Committee on Banking Supervision is a committee of banking supervisory authorities that was established by:
the central bank governors of the Group of ten countries
European countries
India
USA.

Answer: (a) the central bank governors of the Group of ten countries

Question 18:

Under the Basel I Accord, BCBS fixed the minimum requirement of capital funds for banks at:
8 per cent of the total risk weighted assets
9 per cent of the total risk weighted assets
10 per cent of the total risk weighted assets
1000 crore.

Answer: (a) 8 per cent of the total risk weighted assets

Question 19:

On how many pillars is the Basel I Framework based?

4
3
2
1

Answer: (b) 3

Question 20: http://nextgenjaiib.blogspot.in/-JIB-211-PP

The risks considered for capital requirements under Basel II are:

(a) credit risk, market risk and operational risk
(b) credit risk, interest rate risk and foreign exchange risk
(c) credit risk, political risk and country risk
(d) None.
 Answer: (a) credit risk, market risk and operational risk

Question 21:

The first pillar under Basel II talks about:

minimum capital requirements
supervisory review
market discipline
disclosure norms

Answer: (a) minimum capital requirements

Question 22:

As per Basel II Framework, the total of Tier 2 capital is permitted up to a maximum of:
100 per cent of Tier 1 capital
250 per cent of Tier 1 capital
80 per cent of Tier 1 capital
50 per cent of Tier 1 and Tier 3 capital

Answer: (a) 100 per cent of Tier 1 capital

Question 23:

Tier I capital of a bank consists of its:

paid-up equity capital
issued and fully paid ordinary shares/common stock and perpetual non-cumulative preference shares and disclosed reserves
authorised capital
none.

Answer: (b) issued and fully paid ordinary shares/common stock and perpetual non-cumulative preference shares and disclos

Question 24:

Subordinated term debt will be limited to a maximum of:

50 per cent of Tier 1 elements .
100 per cent of Tier 1 elements
85 per cent of Tier 1 elements
none.

Answer: (a) 50 per cent of Tier 1 elements .

Question 25:

Tier 3 capital will be limited to:

250 per cent of a bank's Tier 1 capital that is required to support market risks
100 per cent of a bank's Tier 1 Capital
250 per cent of a bank's Tier 1 capital
none.

Answer: (a) 250 per cent of a bank's Tier 1 capital that is required to support market risks

Question 26:

In case of Strategic Alliances,

the partners will remain as separate entities
the partners will lose their individual identities
one partner will get merged with the other
none

Answer: (a) the partners will remain as separate entities

Question 27:

Three mid-sized public sector banks have entered into a 'strategic alliance' in October 2006. They are:
Indian Bank, Corporation Bank and Oriental Bank of Commerce
Indian Bank, Punjab National Bank and Canara Bank
Union Bank of India, Syndicate Bank and Corporation Bank
Canara Bank, Syndicate Bank and Corporation Bank.

Answer: (a) Indian Bank, Corporation Bank and Oriental Bank of Commerce
Question 28: http://nextgenjaiib.blogspot.in/-JIB-211-PP

Combining of two or more companies into a single company where one survives with its name and the others lose their corporate
(a) Merger
(b) Alliance
(c) Consolidation
(d) Acquisition.

Answer: (a) Merger

Question 29:

In 1921, the three presidency banks - the Bank of Bengal, the Bank of Bombay and the Bank of Madras was amalgamated into on the:
State Bank of India
Reserve Bank of India
Indian Bank
none.

Answer: (a) State Bank of India

Question 30:

One of the following does not own 10 per cent equity stake in the capital of CIBIL:
(a) HDFC (b)SBI
ICICI Bank
Standard Chartered Bank

Answer: (d) Standard Chartered Bank

Question 31:

CIBIL as a credit bureau caters to:

consumer segments
commercial segments
both commercial and consumer segments
none.

Answer: (c) both commercial and consumer segments

Question 32:

The Consumer Credit Bureau covers credit availed by:

individuals
proprietary concerns
private and public limited companies
banks.

Answer: (a) individuals

Question 33:

Credit information reports can be accessed by:

only those members who have provided all their data to CIBIL
by any bank
by any Indian citizen
none.

Answer: (a) only those members who have provided all their data to CIBIL

Question 34:

In case of receipt of request for transfer of borrowal account, the consent or objection of the lender, if any, should be conveyed w
twenty-one days from the date of receipt of request
fifteen days from the date of receipt of request
immediately on receipt of request
none.

Answer: (a) twenty-one days from the date of receipt of request

Question 35: HTTP://NEXTGENJAIIB.BLOGSPOT.IN/-JIB-211-PP

The Banking Codes and Standards Board of India was registered on 18 February, 2006 under:
(a) RBI Act
 Banking Regulation Act
the Societies Registration Act, 1860
none.

Answer: (c) the Societies Registration Act, 1860

Question 36:

The 'Bankers' Fair Practice' code was brought out in June 2004 by:
IBA
RBI
Government of India
None.

Answer: (a) IBA

Question 37:

In the call/notice money market the following participants are allowed to trade:
all corporates
all banks, Primary Dealers and Mutual funds
only banks
none.

Answer: (c) only banks

Question 38:

The minimum maturity period of certificates of deposit (CDs) with effect from 29 April 2005 is:
8 days
15 days
21 days
none.

Answer: (a) 8 days

Question 39: HTTP://NEXTGENJAIIB.BLOGSPOT.IN /-JIB-211-PP

Scheduled commercial banks (SCBs) and primary dealers (PDs) have been allowed with effect from November 2006, to cover the
extended period of:
(a) five trading days
(b) two trading days
(c) short sales not permitted
(d) none.

Answer: (a) five trading days

Question 40: HTTP://NEXTGENJAIIB.BLOGSPOT.IN /-JIB-211-PP

Resident individuals are free to remit in a financial year for any current or capital account transaction or a combination of both u
(a) US$ 25,000
(b) US$ 50,000
(c) US$ 10,000
(d) none.

Answer: (b) US$ 50,000

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Posted by Bhagirath Mal Gaur at 00:31

Labels: JAIIB-211-PPB-MODELE-A- MCQ FROM BOOK

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