SOLVED JAIIB COMBINED PAPER 46:
1. Four statements are given below. Some statements are not possible. Choose the statement which is possible
a. A hypothecation can become pledge
b. Pledge and third party pledge there is no difference
c. A mortgage is applicable to Vehicle as security
d. For transfer of goods assignment is used
Ans - a
2. A foreigner spouse of an Indian citizen is ......
(i) Non-Resident Indian (NRI),
(ii) Person of Indian Origin (PIO)
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - b
3. A foreigner whose parents or grandparents were a citizen of India is ......
(i) Non-Resident Indian (NRI),
(ii) Person of Indian Origin (PIO)
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - b
4. A person holding Indian passport, who has gone abroad for a gainful employment or business or vocation or for any other purpose, indicating an indefinite period of stay outside India is ......
(i) Non-Resident Indian (NRI),
(ii) Person of Indian Origin (PIO)
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - a
5. The usual form of contract of agency is by way of a ......
a. power of attorney
b. indemnity bond
c. guarantee bond
d. any of the above
Ans - a
6. When a person by his words or conduct appoints someone as his agent it is known as agency by ......
a. promise
b. conduct
c. estoppel
d. action
Ans - c
7. As per Information Technology Act 2000, punishment for data theft can be ......
(i) Fine up to Rs.2 lac, (ii) imprisonment up to 3 years
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - c
8. As per Information Technology Act 2000, punishment for fraudulently or dishonestly making use of the electronic signature, password or any other unique identification feature of any other person can be ......
(i) Fine up to Rs.1 lac,
(ii) Fine up to Rs.2 lac,
(iii) imprisonment up to 3 years
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - b
9. As per Information Technology Act 2000, punishment for hacking can be ......
(i) Fine up to Rs.1 lac,
(ii) Fine up to Rs.2 lac,
(iii) imprisonment up to 3 years
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
10. Who should maintain the Index of Register of Charges as per the Companies Act
a. Registrar of Companies
b. Lending Bank
c. Creditor
d. Debtor Company
Ans - a
11. Possession is with the mortgagee in ......
(i) Conditional Mortgage,
(ii) Usufructuary Mortgage,
(iii) English Mortgage
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
12. If the stipulation agreed to between the parties is essential to the main purpose of the contract then such a stipulation is known as a ......
a. condition
b. warranty
c. implied condition
d. guarantee
Ans - a
a. A hypothecation can become pledge
b. Pledge and third party pledge there is no difference
c. A mortgage is applicable to Vehicle as security
d. For transfer of goods assignment is used
Ans - a
2. A foreigner spouse of an Indian citizen is ......
(i) Non-Resident Indian (NRI),
(ii) Person of Indian Origin (PIO)
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - b
3. A foreigner whose parents or grandparents were a citizen of India is ......
(i) Non-Resident Indian (NRI),
(ii) Person of Indian Origin (PIO)
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - b
4. A person holding Indian passport, who has gone abroad for a gainful employment or business or vocation or for any other purpose, indicating an indefinite period of stay outside India is ......
(i) Non-Resident Indian (NRI),
(ii) Person of Indian Origin (PIO)
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - a
5. The usual form of contract of agency is by way of a ......
a. power of attorney
b. indemnity bond
c. guarantee bond
d. any of the above
Ans - a
6. When a person by his words or conduct appoints someone as his agent it is known as agency by ......
a. promise
b. conduct
c. estoppel
d. action
Ans - c
7. As per Information Technology Act 2000, punishment for data theft can be ......
(i) Fine up to Rs.2 lac, (ii) imprisonment up to 3 years
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - c
8. As per Information Technology Act 2000, punishment for fraudulently or dishonestly making use of the electronic signature, password or any other unique identification feature of any other person can be ......
(i) Fine up to Rs.1 lac,
(ii) Fine up to Rs.2 lac,
(iii) imprisonment up to 3 years
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - b
9. As per Information Technology Act 2000, punishment for hacking can be ......
(i) Fine up to Rs.1 lac,
(ii) Fine up to Rs.2 lac,
(iii) imprisonment up to 3 years
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
10. Who should maintain the Index of Register of Charges as per the Companies Act
a. Registrar of Companies
b. Lending Bank
c. Creditor
d. Debtor Company
Ans - a
11. Possession is with the mortgagee in ......
(i) Conditional Mortgage,
(ii) Usufructuary Mortgage,
(iii) English Mortgage
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
12. If the stipulation agreed to between the parties is essential to the main purpose of the contract then such a stipulation is known as a ......
a. condition
b. warranty
c. implied condition
d. guarantee
Ans - a