JAIIB SOLVED PAPER 

JAIIB Exam (Junior Associate of the Indian Institute of Bankers) Exam Pattern: JAIIB consists of 3 papers namely:

(1) Principles & Practices of Banking
(2) Accounting & Finance for Bankers
(3) Legal & Regulatory Aspects of Banking

Pattern for JAIIB Exam : 
(a) Knowledge testing, (b) Conceptual grasp, (c) Analytical / logical exposition, (d) Problem solving (e) Case analysis.

Some of the sample question includes:

1) The apex institution which handles refinance for agriculture and rural development is called:

a) RBI
b) SIDBI
c) NABARD
d) SEBI 

Ans:- (c)

2) Long Form Audit Report (LFAR) is prepared and submitted by

a) RBI inspectors
b) Internal inspectors
c) Statutory auditors 
d) Concurrent auditors

Ans:- (c)

3) As per FIMMDA’s guidelines, the Mid-Office is responsible for:

a) Dealing activities
b) Risk Management
c) Reconciliation
d) Confirmation of deals 

Ans:- (b)

4) Interest is calculated on actual/365 days basis in respect of the following products, except one :

a) Call Money
b) Notice Money
c) Term Money
d) GOI dated securities 

Ans:- (d)

5) Which was the first Mutual Fund started in India:

a) SBI Mutual Fund
b) Kotak Pioneer Mutual Fund
c) Indian Bank Mutual Fund
d) None of the above 

Ans:- (d)

6) The regulator for Mutual Funds in India is:

a) FIMMDA
b) AMFI
c) RBI
d) SEBI 

Ans:- (d)

7) FIMMDA’s general principles and procedures are applicable to:

a) Fixed Income Markets
b) Money Markets
c) Derivatives Markets
d) All of the above 

Ans:- (d)

8) Your bank’s customer XYZ Ltd, enjoys a CC limit of Rs.1,00,000.00

The CC account shows a credit balance of Rs,10,205.00.
The relationship between your bank and XYZ Ltd is:

a) Debtor/Creditor
b) Creditor/Debtor
c) Bailor/Bailee
d) Bailee/Bailor 

Ans:- (a)

9) The right of set-off is:

a) Customer’s Right
b) Customer’s Obligation
c) Banker’s Right
d) Banker’s Discretion 

Ans:- (d)

10) Which of the following forms of business are permissible under BR Act:

a) Borrowing
b) Issuance of Letters of Credit
c) Buying and selling of bullion
d) All of the above 

Ans:- (d)
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