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WorksheetsJAIIB QUIZ 4
Total questions: 20
Worksheet time: 15mins
Name
Class
Date
1.
Travellers cheques are required to be dated at the time of ...... (i) Issue, (ii) Encashment
a)
Only (i)
b)
Only (ii)
c)
Either (i) or (ii)
d)
Both (i) and (ii)
2.
RBI introduced CP in ......
a)
1970
b)
1980
c)
1990
d)
2000
3.
Power of Attorney can be ...... (i) Universal, (ii) Limited
a)
Only (i)
b)
Only (ii)
c)
Either (i) or (ii)
d)
Neither (i) nor (ii)
4.
A bank in India, wants to undertake capital market activities, doesn't need to ...... (i) Obtain special license from AMFI, (ii) Register with SEBI, (iii) Obtain special license from FIMMDA
a)
Only (i) and (ii)
b)
Only (i) and (iii)
c)
Only (ii) and (iii)
d)
(i), (ii) and (iii)
5.
Monitorable Action Plan (MAP) of RBI would include ...... (i) Improvement areas identified during the current on site and off site supervisory process, (ii) Accountability of the bank, (iii) Sanction and penalties to Banks for not meeting the monitorable action plan
a)
Only (i) and (ii)
b)
Only (i) and (iii)
c)
Only (ii) and (iii)
d)
(i), (ii) and (iii)
6.
What is the maximum time for settlement of a claim before passing an award by the banking Ombudsman?
a)
within 15 days from the date of receipt of complaint.
b)
within 30 days from the date of receipt of complaint.
c)
within 2 months from the date of receipt complaint ,
d)
within 3 months from he date of receipt of complaint
7.
‘A’ maintaining an SB Account dies intestate. No nomination had been made by him. Balance in the account is Rs. 50000/-. Which of the following is not required for setting the claim without legal representation?
a)
Death Certificate of ‘A’
b)
Claim format signed by claimants
c)
Stamped Letter of Indemnity by claimants
d)
Stamped Letter of Indemnity by Surety
8.
‘A’ maintaining an SB Account dies intestate. No nomination had been made by him. Balance in the account is Rs 1 lakh. Which of the following is not required for setting the claim without legal representation?
a)
Death Certificate of ‘A’
b)
Claim format signed by claimants
c)
Stamped Letter of Indemnity by claimants & Sureties
d)
Affidavit (stampefrom one Independent respectable person
9.
Which of the following can be treated as part of the computer hardware: (i) Mother board (ii) Memory, (iii) power supply
a)
Only (i) and (ii)
b)
Only (i) and (iii)
c)
Only (ii) and (iii)
d)
(i), (ii) and (iii)
10.
A credit voucher for Rs. 30,000/- favouring Raju was wrongly posted to Ramu by the bank. The Relationship established with Ramu is of ….............
a)
trustee and beneficiary
b)
debtor and guarantor
c)
creditor and indemnifier
d)
creditor and debtor
11.
Under the powers derived from Section 20, 21 and 21A of the Reserve Bank of India does not ….... (i) manage the public debt and issue new loans on behalf of the Central and state Government, (ii) provide refinance to NABARD in respect on agriculture advances, (iii) regulate flow of credit to the economy by variation in the statutory liquidity requirement and Cash Reserve Ratio.
a)
Only (i) and (ii)
b)
Only (i) and (iii)
c)
Only (ii) and (iii)
d)
(i), (ii) and (iii)
12.
Credit cards are of standard size and thickness and are embossed with the following details ......(i) Name of the card holder, (ii) Card Number, (iii) Validity date.
a)
Only (i) and (ii)
b)
Only (i) and (iii)
c)
Only (ii) and (iii)
d)
(i), (ii) and (iii)
13.
Marketing channel don't refer to ...... (i) a set of independent organisations involved in the process of making a product or service available for use or consumption, (ii) a physical channel for movement of goods from the seller to the buyer, (iii) a set of firms who handle the physical movement of goods from one point to another.
a)
Only (i) and (ii)
b)
Only (i) and (iii)
c)
Only (ii) and (iii)
d)
(i), (ii) and (iii)
14.
Which are correct regarding Indo - Nepal Remittance Scheme? (i) A remitter can transfer funds upto Indian Rupees. 50,000/-, (ii) A remitter can transfer funds below Indian Rupees 50,000,(iii) It is not necessary that the remitter should maintain an account with a bank in India.
a)
Only (i) and (ii)
b)
Only (i) and (iii)
c)
Only (ii) and (iii)
d)
(i), (ii) and (iii)
15.
A & B are maintaining an ‘E or S’ account. D has been named as nominee. Both A & B die in an accident. C, son of A, serves a legal notice through his advocate and objects payment to the nominee D. What action you will take?
a)
Payment will be made jointly to legal heirs of A & B
b)
Payment will be made to C
c)
Payment to D will be a valid discharge to Bank’s Liability
d)
Payment to D will be stopped
16.
Which of the following functions are carried by IRDA in India? (i) Regulator of insurance companies, (ii) Regulator of insurance products, (iii) Supervision of the general insurance market.
a)
Only (i) and (ii)
b)
Only (i) and (iii)
c)
Only (ii) and (iii)
d)
(i), (ii) and (iii)
17.
Stand-alone systems are best suited for the ......
a)
CBS
b)
Decision-making process
c)
Customer Service
d)
None of these
18.
Expand IFTP ...
a)
Inter-bank funds transfer processor
b)
Inter-bank funds transfer protocol
c)
Inter-bank file transfer protocol
d)
International file transfer protocol
19.
As per section 108 of Indian Evidence Act, 1872, Presumption of death can be raised only after a lapse of …....... Years from the date of any person being reported missing
a)
3 years
b)
5 years
c)
7 years
d)
10 years
20.
‘A’ maintaining a SB A/c is reported missing for more than a year. Balance in his account is Rs 1 lakh. Which of the following is true regarding settlement of claim in this case?
a)
Claim can be settled only after a lapse of 7 years
b)
Claim can be settled after obtaining FIR, Non-traceable report issued by the police authorities & Indemnity from the claimant as per discretionary power of Branch Manager
c)
Claim can be settled after obtaining FIR, Non-traceable report issued by the police authorities & Indemnity from the claimant by AGM (Admin) of the respective region
d)
All are true
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