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SOLVED JAIIB COMBINED PAPER 3:

1. Which one is not a fund based service?
a. Short term finance
b. Letter of Credit
c. Bill discounting
d. Export credit

Ans - b

2. Which of the following functions are carried by IRDA in India?
(i) Regulator of insurance companies,
(ii) Regulator of insurance products,
(iii) Supervision of the general insurance market

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

Ans - d

3. In strategic Alliance, the alliance partners

a. Merge with each other
b. One partner acquires the other
c. Remain separate entities
d. None of these

Ans - c

4. RBI acts as bankers to State Govt. on ...... basis.
(i) Mandatory, (ii) Agreement

a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)

Ans - b

5. Which of the folowing does not match:

a.Regulator of insurance market - IRDA
b.Regulator of capital market - SEBI
c.Regulator of money market - RBI
d.Regulator of forex market - SEBI

Ans - d

6. ​The small companies/organisations that have been created exclusively to deal in govt. securities are called .....
(i) Mutual funds, (ii) NBFCs

a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)

Ans - d

7. Which of the following is an important reason for regulation of banking system:

a. to promote confidence of public in banking system 
b. to protect interest of the investors 
c. to ensure that the financial markets are efficient and transparent 
d. all the above

Ans - d

8. Which of the following function is not carried out by RBI:

a. Bank of Govt 
b. Raising deposits from public 
c. Lender of last resort to banks 
d. Management of Govt. debt

Ans - b

9. Which of the following were not created to provide long term funds for industry or agriculture.
(i) Mutual funds, (ii) FIs, (iii) NBFCs

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

Ans - b

10.The funds based outside India and authorized by SEBI to invest in Indian equity market through the stock exchange are called:

a.foreign institutional investors 
b.overseas corporate bodies 
c.non-resident funds 
d.foreigner investment funds

Ans - a

11.The Central Board of RBI comprises, a Governor, 4 deputy governors and ...... directors.

a.5 
b.7 
c.10 
d.15

Ans - d

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