SOLVED JAIIB COMBINED PAPER 2:
1. Banks can not grant advance against their own shares as per provisions of:
a. Section 20 (1) of RBI Act
b. Section 19(2) of Banking Regulation Act
c. RBI guidelines
d. Section 20 (1) of Banking Regulation Act
Ans - d
2. Which of the following is not sensitive commodity for purpose of Selective Credit Control?
a. food grains i.e. cereals and pulses
b. major oil seeds and oils thereof
c. raw cotton and kapas
d. Tea and Coffee
Ans - d
3. RBI acts as the Banker to the ...... Governments. (i) Central, (ii) State
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - d
4. As per RBI, for borrowers availing working capital credit facilities of Rs 10 crore and above from the banking system, the loan component should normally be ...... % and cash credit component should be ...... %.
a. 80%, 20%
b. 20%, 80%
c. 75%, 25%
d. 60%, 40%
Ans - a
5. A decrease in the Bank Rate is likely to lead to a ...... in interest rates of banks. (i) Decrease, (ii) Increase
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - a
6. As per Section 20A of the Banking Regulation Act, 1949, whose permission is required for remitting in whole or in part any debt due to a bank by any of directors, or any firm or company in which any of its directors is interested as director, partner, managing agent or guarantor, or any individual, if any of its directors is his partner or guarantor.
a. Reserve Bank
b. Board of Directors of the Bank
c. SEBI
d. None of these as loan given to a director can not be remitted at all.
Ans - a
7. Which of the following is not covered under selective credit control,at present:
a. sugar
b. buffer stocks of sugar
c. unreleased stocks of sugar with sugar mills representing free levy sugar
d. none of above
Ans - a
8. RBI acts as bankers to Central Govt. on ...... basis. (i) Mandatory, (ii) Agreement
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - a
9.Against which type of following security, the banks can sanction loans:
a. commercial papper
b. certificate of deposit
c. FDR issued by other bank
d. none of above
Ans - d
10. The rate at which RBI purchses or rediscounts bill of exchange or other eligible commercial instrument from banks is called:
a. repo rate
b. reverse repo rate
c. MSF rate
d. bank rate
Ans - d
11.Which of the following is no more used by RBI as a tool for regulation:
a. credit rationing or credit allocation
b. credit authorization scheme
c. inventory and receivables norms
d. all the above
Ans - d
12. Upto how much amount loan can be sanctioned by appropriate authority within powers delegated to him to any relative of their own director or directors of other banks or relative of director of other bank?
a. up to Rs 25 lakh
b. Rs 25 lakh and above
c. Less than Rs 25 lakh
d. None of these as loan to relatives of bank's directors can not be granted without RBI permission
Ans - c
a. Section 20 (1) of RBI Act
b. Section 19(2) of Banking Regulation Act
c. RBI guidelines
d. Section 20 (1) of Banking Regulation Act
Ans - d
2. Which of the following is not sensitive commodity for purpose of Selective Credit Control?
a. food grains i.e. cereals and pulses
b. major oil seeds and oils thereof
c. raw cotton and kapas
d. Tea and Coffee
Ans - d
3. RBI acts as the Banker to the ...... Governments. (i) Central, (ii) State
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - d
4. As per RBI, for borrowers availing working capital credit facilities of Rs 10 crore and above from the banking system, the loan component should normally be ...... % and cash credit component should be ...... %.
a. 80%, 20%
b. 20%, 80%
c. 75%, 25%
d. 60%, 40%
Ans - a
5. A decrease in the Bank Rate is likely to lead to a ...... in interest rates of banks. (i) Decrease, (ii) Increase
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - a
6. As per Section 20A of the Banking Regulation Act, 1949, whose permission is required for remitting in whole or in part any debt due to a bank by any of directors, or any firm or company in which any of its directors is interested as director, partner, managing agent or guarantor, or any individual, if any of its directors is his partner or guarantor.
a. Reserve Bank
b. Board of Directors of the Bank
c. SEBI
d. None of these as loan given to a director can not be remitted at all.
Ans - a
7. Which of the following is not covered under selective credit control,at present:
a. sugar
b. buffer stocks of sugar
c. unreleased stocks of sugar with sugar mills representing free levy sugar
d. none of above
Ans - a
8. RBI acts as bankers to Central Govt. on ...... basis. (i) Mandatory, (ii) Agreement
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - a
9.Against which type of following security, the banks can sanction loans:
a. commercial papper
b. certificate of deposit
c. FDR issued by other bank
d. none of above
Ans - d
10. The rate at which RBI purchses or rediscounts bill of exchange or other eligible commercial instrument from banks is called:
a. repo rate
b. reverse repo rate
c. MSF rate
d. bank rate
Ans - d
11.Which of the following is no more used by RBI as a tool for regulation:
a. credit rationing or credit allocation
b. credit authorization scheme
c. inventory and receivables norms
d. all the above
Ans - d
12. Upto how much amount loan can be sanctioned by appropriate authority within powers delegated to him to any relative of their own director or directors of other banks or relative of director of other bank?
a. up to Rs 25 lakh
b. Rs 25 lakh and above
c. Less than Rs 25 lakh
d. None of these as loan to relatives of bank's directors can not be granted without RBI permission
Ans - c