SOLVED JAIIB COMBINED PAPER 4:
1. Format of cheque is defined in ......
(i) NI Act,
(ii) As per RBI guidelines
(iii) As per customs & practices
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
2. Bailor-bailee relationship is applicable in:
a. cash deposited with cashier by customer
b. safe deposit locker
c. demand draft issued by bank
d. keeping articles in safe custody with bank
Ans - d
3. While raising a loan for the company, who will sign the documents on behalf of the company?
a. Managing Director
b. Authorized official as mentioned in resolution from Board of Directors
c. Executive Director
d. None of the above
Ans - b
4. Pledged goods in the possession with the bank can be sold by the bank ...... (i) with court intervention (ii) after notice to borrower for recovery of its dues.
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - b
5. The relationship created when the bank collects a cheque in clearing is ......
a. holder for value
b. clearing member and principal
c. agent and principal
d. collecting bank and holder
Ans - d
6. Export credit target for domestic commercial banks is ...... of ANBC.
a. 10 %
b. 12 %
c. 20 %
d. None of these
Ans - d
7. Garrnishee Order is issued by the ......
(i) Court, (ii) IT Dept
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - a
8. A cheque drawn by a Power of Attorney holder is presented for payment. You come to known through reliable source that PA holder has been declared insolvent. Which of the following action you will take?
a. Return the cheque as agency is terminated
b. Pay the cheque as insolvency of agent does not terminate the agency
c. Pay the cheque after obtaining Principal’s confirmation
d. None of these
Ans - b
9. What is the amount of subsidy admissible to Self Help Group under SGSY scheme?
(i) 50% of the project cost,
(ii) Maximum Rs 10000 per beneficiary
(iii) Maximum of Rs 2,00,000 for Self Help Group.
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - a
10. .......... % of small enterprises advances should go to micro enterprises in case of domestic banks.
a. 20
b. 40
c. 60
d. 80
Ans - c
11. A partnership firm is dissolved compulsorily in which of the following circumstances? (i) When all the partners are declared insolvent, (ii) When the business of the firm becomes unlawful, (iii) When a competent court passes an order for the dissolution of the firm
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
12. Vikash wants a demand draft striking the word 'Order' and writing the word 'Bearer'. How can the bank help him?
a. Bearer Draft is unlawful under Section 31 of RBI.
b. Bearer Draft can be issued like a cheque.
c. Signature of the payee should be attested on the back of draft by the issuing branch.
d. Attestation of the signature of the payee on a separate slip of paper by bank (without striking out the word 'Order' on draft).
Ans - d
(i) NI Act,
(ii) As per RBI guidelines
(iii) As per customs & practices
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
2. Bailor-bailee relationship is applicable in:
a. cash deposited with cashier by customer
b. safe deposit locker
c. demand draft issued by bank
d. keeping articles in safe custody with bank
Ans - d
3. While raising a loan for the company, who will sign the documents on behalf of the company?
a. Managing Director
b. Authorized official as mentioned in resolution from Board of Directors
c. Executive Director
d. None of the above
Ans - b
4. Pledged goods in the possession with the bank can be sold by the bank ...... (i) with court intervention (ii) after notice to borrower for recovery of its dues.
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - b
5. The relationship created when the bank collects a cheque in clearing is ......
a. holder for value
b. clearing member and principal
c. agent and principal
d. collecting bank and holder
Ans - d
6. Export credit target for domestic commercial banks is ...... of ANBC.
a. 10 %
b. 12 %
c. 20 %
d. None of these
Ans - d
7. Garrnishee Order is issued by the ......
(i) Court, (ii) IT Dept
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - a
8. A cheque drawn by a Power of Attorney holder is presented for payment. You come to known through reliable source that PA holder has been declared insolvent. Which of the following action you will take?
a. Return the cheque as agency is terminated
b. Pay the cheque as insolvency of agent does not terminate the agency
c. Pay the cheque after obtaining Principal’s confirmation
d. None of these
Ans - b
9. What is the amount of subsidy admissible to Self Help Group under SGSY scheme?
(i) 50% of the project cost,
(ii) Maximum Rs 10000 per beneficiary
(iii) Maximum of Rs 2,00,000 for Self Help Group.
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - a
10. .......... % of small enterprises advances should go to micro enterprises in case of domestic banks.
a. 20
b. 40
c. 60
d. 80
Ans - c
11. A partnership firm is dissolved compulsorily in which of the following circumstances? (i) When all the partners are declared insolvent, (ii) When the business of the firm becomes unlawful, (iii) When a competent court passes an order for the dissolution of the firm
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
12. Vikash wants a demand draft striking the word 'Order' and writing the word 'Bearer'. How can the bank help him?
a. Bearer Draft is unlawful under Section 31 of RBI.
b. Bearer Draft can be issued like a cheque.
c. Signature of the payee should be attested on the back of draft by the issuing branch.
d. Attestation of the signature of the payee on a separate slip of paper by bank (without striking out the word 'Order' on draft).
Ans - d