SOLVED JAIIB COMBINED PAPER 47:
1. Maximum directors of a Public Limited Company can be ......
(i) 12,
(ii) if the no. goes beyond 12, they have to seek Central Govt. permission
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - C
2. Possession is with the mortgagee in ......
(i) Conditional Mortgage,
(ii) Simple 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 - a
3. Dissolution of a partnership firm takes place if ......
(i) by mutual agreement amongst the partners to dissolve,
(ii) death/insolvency/retirement of a partner,
(iii) operation of law
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
4. A hires a carriage of B. The carriage is unsafe but B is not aware of it and A is injured. Then B is
a. Responsible for the injury
b. Not responsible for the injury
c. either a or b
d. None of these
Ans - a
5. Bailment of goods as security for payment of a debt is called
a. Lien
b. Pledge
c. Hire
d. Mortgage
Ans - b
6. The sub-agent is responsible for fraud or wilful wrong to
a. Principal
b. Agent
c. Both Principal and agent
d. None of these
Ans - c
7. As per Information Technology Act 2000, punishment for intentionally or knowingly capturing, publishing or transmiting the image of a private area of any person without his or her consent 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
8. Forex Transactions under FEMA can be classified into ......
(i) current account, (ii) capital account
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - c
9. While extending credit facilities to a Co-operative societies, the Bank have to go through the ...... and satisfy themselves that the society can avail facilities from the Bank and provide the securities belonging to the society by way of hypothecation, pledge or mortgage for the loan sanctioned.
(i) By law of the society,
(ii) Approval from Registrar of Co Operative Societies authorizing the Co Operative Society for opening account with the Bank concerned
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - d
10.The sub-agent is responsible for his normal acts to
a. Principal
b. Agent
c. Both Principal and agent
d. None of these
Ans - b
11. Transfer of Property Act basically contains provisions relating to transfer of .............
a. Moveable property and goods
b. Immovable property
c. Either a or b
d. None of the above
Ans - b
12. Any person aggrieved by an order of Adjudicating Authority can appeal to ......
a. RBI
b. High Court
c. Special Director (Appeals)
d. Appellate Tribunal for Foreign Exchange
Ans - c
(i) 12,
(ii) if the no. goes beyond 12, they have to seek Central Govt. permission
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - C
2. Possession is with the mortgagee in ......
(i) Conditional Mortgage,
(ii) Simple 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 - a
3. Dissolution of a partnership firm takes place if ......
(i) by mutual agreement amongst the partners to dissolve,
(ii) death/insolvency/retirement of a partner,
(iii) operation of law
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
4. A hires a carriage of B. The carriage is unsafe but B is not aware of it and A is injured. Then B is
a. Responsible for the injury
b. Not responsible for the injury
c. either a or b
d. None of these
Ans - a
5. Bailment of goods as security for payment of a debt is called
a. Lien
b. Pledge
c. Hire
d. Mortgage
Ans - b
6. The sub-agent is responsible for fraud or wilful wrong to
a. Principal
b. Agent
c. Both Principal and agent
d. None of these
Ans - c
7. As per Information Technology Act 2000, punishment for intentionally or knowingly capturing, publishing or transmiting the image of a private area of any person without his or her consent 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
8. Forex Transactions under FEMA can be classified into ......
(i) current account, (ii) capital account
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - c
9. While extending credit facilities to a Co-operative societies, the Bank have to go through the ...... and satisfy themselves that the society can avail facilities from the Bank and provide the securities belonging to the society by way of hypothecation, pledge or mortgage for the loan sanctioned.
(i) By law of the society,
(ii) Approval from Registrar of Co Operative Societies authorizing the Co Operative Society for opening account with the Bank concerned
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - d
10.The sub-agent is responsible for his normal acts to
a. Principal
b. Agent
c. Both Principal and agent
d. None of these
Ans - b
11. Transfer of Property Act basically contains provisions relating to transfer of .............
a. Moveable property and goods
b. Immovable property
c. Either a or b
d. None of the above
Ans - b
12. Any person aggrieved by an order of Adjudicating Authority can appeal to ......
a. RBI
b. High Court
c. Special Director (Appeals)
d. Appellate Tribunal for Foreign Exchange
Ans - c