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SOLVED JAIIB COMBINED PAPER 38:

1. Who exercises the main administrative control over the functioning of cooperative banks ?
a. RBI
b. NABARD
c. Central govt through coop dept
d. State govt through registrar of coop societies

Ans - d

2. 
Government can exempt a bank from provision of BR Act ......
a. On the recommendation of RBI
b. Whenever the government is satisfied
c. If requested by a bank
d. None of these

Ans - a

3. 
Trading in shares and securities by banks is subject to control by ......
a. Controller of Capital Issues
b. SEBI
c. Company Law Board
d. None of these

Ans - b

4. 
when a drawer draws a cheque without keeping sufficient balance and if the cheque is dishonoured for insufficient funds, the drawer is punishable with and imprisonment which may extend to ...... and or a fine.
a. two months
b. four month
c. one year
d. None of these

Ans - c

5. 
Which of the following is not treated as infrastructure for exposure norms?
a. construction of cold storage for fruits, vegetables
b. laying down of gas pipeline
c. construction of educational institutions and hospitals
d. None of these

Ans - d

6. 
What is the minimum and maximum CRR that can be prescribed as per section 42(1) of RBI Act?
a. 3%,20%
b. 3%,15%
c. 5%,20%
d. No limit as per RBI Act

Ans - d

7. 
For increasing liquidity in the system, which of the following steps will be taken by RBI?
a. increase CRR
b. increase SLR
c. reduce CRR
d. increase repo rate

Ans - c

8. 
What is the minimum margin for financing against physical and demat shares?
a. 50%, 25%
b. 50%, 50%
c. 50%, 40%
d. 25%, 50%

Ans - a
 
9.When a bank pays a cheque according to the apparent tenor, in good faith and without having reason to doubt the bonafide of the presenter, such payment is ......
a. wrong payment
b. late payment
c. future payment
d. payment in due course

Ans - d

10. 
To get the protection under S / 131, a collecting bank has to collect a ......for credit of is customer.
a. stolen cheque
b. stale cheque
c. postdated cheque
d. crossed cheque

Ans - d

11. 
Section 138 states that drawer of a cheque is liable to be punished if the cheque is bounced for ......
a. not crossing
b. alteration in figures
c. being postdated
d. insufficient fund

Ans - d

12. 
Company matters of a banking company are regulated by ......
a. Reserve Bank
b. Authorities under Companies Act
c. SEBI
d. None of these

Ans - b

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