SOLVED JAIIB COMBINED PAPER 38:
1. Interest on CRR balances kept by banks with RBI is paid by RBI at the rate of ......
a. Bank Rate
b. Repo Rate
c. 3%
d. Nil
Ans - d
2. Exposure norms are not applicable to which of the following types of exposures?
(i) Credit facilities to weak/sick industrial units under rehabilitation packages,
(ii) Food credit,
(iii) Loans guaranteed by State Government
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - a
3. Line is a/an ...... of the creditor to retain possession.
a. Obligation
b. Right
c. Interest
d. Protection
Ans - b
4. Where as general lien gives right to retain goods, Banker’s lien has ...... in case of default.
a. right to create charge
b. right to create mortgage
c. right to sell
d. None of these
Ans - c
5. If a cheque is stolen in transit and presented at the drawee bank by a holder in due course case and if the cheques is paid by the bank in due course in a case the drawee bank would be ......
a. be held liable
b. would not be held liable
c. would be found guilty
d. None of these
Ans - b
6.Mandate is ......
a. Signed letter to the Bank
b. Order of the court of law
c. Memorandum of understanding
d. Unstamped letter to the Bank
Ans - d
7. To take care of temporary liquidity problems of central and state govt, what kind of loan is given by RBI ?
a. Treasury bills
b. Dated Securities
c. Short duration bonds
d. Ways & Means advances
Ans - d
8. Casual vacancies in the board of directors is filled in by the ......
a. board of directors
b. promoters
c. underwriters
d. shareholders
Ans - a
9. The maximum number of members in a private company can be ......
a. 7
b. 20
c. 50
d. No Limit
Ans - c
10. A public company should have a minimum paid-up capital of Rupees ......
a. 1 Crore
b. 5 Crores
c. 1 Lakh
d. 5 Lakhs
Ans - d
11. The minimum number of directors required in a public & Private companies are ......
a. 3 & 1
b. 7 & 2
c. 3 & 2
d. 5 & 2
Ans - c
12. Every public company, or a private company which is a subsidiary of a public company, having a paid-up share capital of Rupees ...... must have a managing or whole-time director or a manager.
a. 1 Crore
b. 5 Crores
c. 1 Lakh
d. 5 Lakhs
Ans - b
a. Bank Rate
b. Repo Rate
c. 3%
d. Nil
Ans - d
2. Exposure norms are not applicable to which of the following types of exposures?
(i) Credit facilities to weak/sick industrial units under rehabilitation packages,
(ii) Food credit,
(iii) Loans guaranteed by State Government
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - a
3. Line is a/an ...... of the creditor to retain possession.
a. Obligation
b. Right
c. Interest
d. Protection
Ans - b
4. Where as general lien gives right to retain goods, Banker’s lien has ...... in case of default.
a. right to create charge
b. right to create mortgage
c. right to sell
d. None of these
Ans - c
5. If a cheque is stolen in transit and presented at the drawee bank by a holder in due course case and if the cheques is paid by the bank in due course in a case the drawee bank would be ......
a. be held liable
b. would not be held liable
c. would be found guilty
d. None of these
Ans - b
6.Mandate is ......
a. Signed letter to the Bank
b. Order of the court of law
c. Memorandum of understanding
d. Unstamped letter to the Bank
Ans - d
7. To take care of temporary liquidity problems of central and state govt, what kind of loan is given by RBI ?
a. Treasury bills
b. Dated Securities
c. Short duration bonds
d. Ways & Means advances
Ans - d
8. Casual vacancies in the board of directors is filled in by the ......
a. board of directors
b. promoters
c. underwriters
d. shareholders
Ans - a
9. The maximum number of members in a private company can be ......
a. 7
b. 20
c. 50
d. No Limit
Ans - c
10. A public company should have a minimum paid-up capital of Rupees ......
a. 1 Crore
b. 5 Crores
c. 1 Lakh
d. 5 Lakhs
Ans - d
11. The minimum number of directors required in a public & Private companies are ......
a. 3 & 1
b. 7 & 2
c. 3 & 2
d. 5 & 2
Ans - c
12. Every public company, or a private company which is a subsidiary of a public company, having a paid-up share capital of Rupees ...... must have a managing or whole-time director or a manager.
a. 1 Crore
b. 5 Crores
c. 1 Lakh
d. 5 Lakhs
Ans - b