SOLVED JAIIB COMBINED PAPER 1:
1. Banks can not grant loans to any of its directors against which of the following securities?
a. Government Securities
b. Life Insurance policies
c. Bank's own deposit
d. Shares
Ans - d
2. Urban Cooperative Banks are controlled by ......
(i) NABARD, (ii) State Governments, (iii) RBI
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
3. Which of the following products in retail banking do not fall under retail deposit products:
a. no frill accounts
b. deposit accounts of senior citizens
c. depository services
d. all the above
Ans - c
4. Which of the following is value added service as part of wholesale banking:
a. structured finance
b. channel financing
c. supply chin management
d. letter of credit
Ans - b
5. Credit Exposure ceiling for borrowers is linked to:
a. Paid up capital of bank
b. Net worth of bank
c. Capital fund of the bank
d. None of these
Ans - c
6. Depositories hold securities in ...... form. (i) Demat, (ii) Physical
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - a
7. Banks have to limit their commitment by way of unsecured guarantees in such a manner that ...... % of the Bank's outstanding unsecured guarantees plus the total of outstanding unsecured advances do not exceed ...... % of total outstanding advances.
a. 10%, 15%
b. 15%, 20%
c. 15%, 40%
d. None of these as there is no such stipulation.
Ans - d
8.The negotiable financial instrument which is traded on a stock exchange of another country but represents security issued by foreign listed company is called:
a. buyers credit
b. depository receipt
c. cross listed stock
d. participatory note
Ans - b
9. The Indian Banking System is regulated in terms of the provisions of ...... (i) Reserve Bank of India Act, 1934, (ii) Banking Regulation Act, 1949.
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - d
10.Universal Banking means...
a. International Banking
b. Wholesale Banking
c. Offering multiple Financial Products
d. All of the above
Ans - c
11.Which is not a major promotor of CIBIL?
a. HDFC
b. SBI
c. RBI
d. Trans Union International Inc.
Ans - c
12. Clearing house facilities are not provided by ...... for netting of payments and securities delivery.
(i) primary dealers, (ii) stock exchanges, (iii) SEBI
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - b
a. Government Securities
b. Life Insurance policies
c. Bank's own deposit
d. Shares
Ans - d
2. Urban Cooperative Banks are controlled by ......
(i) NABARD, (ii) State Governments, (iii) RBI
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
3. Which of the following products in retail banking do not fall under retail deposit products:
a. no frill accounts
b. deposit accounts of senior citizens
c. depository services
d. all the above
Ans - c
4. Which of the following is value added service as part of wholesale banking:
a. structured finance
b. channel financing
c. supply chin management
d. letter of credit
Ans - b
5. Credit Exposure ceiling for borrowers is linked to:
a. Paid up capital of bank
b. Net worth of bank
c. Capital fund of the bank
d. None of these
Ans - c
6. Depositories hold securities in ...... form. (i) Demat, (ii) Physical
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - a
7. Banks have to limit their commitment by way of unsecured guarantees in such a manner that ...... % of the Bank's outstanding unsecured guarantees plus the total of outstanding unsecured advances do not exceed ...... % of total outstanding advances.
a. 10%, 15%
b. 15%, 20%
c. 15%, 40%
d. None of these as there is no such stipulation.
Ans - d
8.The negotiable financial instrument which is traded on a stock exchange of another country but represents security issued by foreign listed company is called:
a. buyers credit
b. depository receipt
c. cross listed stock
d. participatory note
Ans - b
9. The Indian Banking System is regulated in terms of the provisions of ...... (i) Reserve Bank of India Act, 1934, (ii) Banking Regulation Act, 1949.
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - d
10.Universal Banking means...
a. International Banking
b. Wholesale Banking
c. Offering multiple Financial Products
d. All of the above
Ans - c
11.Which is not a major promotor of CIBIL?
a. HDFC
b. SBI
c. RBI
d. Trans Union International Inc.
Ans - c
12. Clearing house facilities are not provided by ...... for netting of payments and securities delivery.
(i) primary dealers, (ii) stock exchanges, (iii) SEBI
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - b