Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Ans:- (d)
7) FIMMDAs general principles and procedures are applicable to:
a) Fixed Income Markets
b) Money Markets
c) Derivatives Markets
d) All of the above
Ans:- (d)
8) Your banks customer XYZ Ltd, enjoys a CC limit of Rs.1,00,000.00
The CC account shows a credit balance of Rs,10,205.00.
The relationship between your bank and XYZ Ltd is:
a) Debtor/Creditor
b) Creditor/Debtor
c) Bailor/Bailee
d) Bailee/Bailor
Ans:- (a)
9) The right of set-off is:
a) Customers Right
b) Customers Obligation
c) Bankers Right
d) Bankers Discretion
Ans:- (d)
10) Which of the following forms of business are permissible under BR Act:
a) Borrowing
b) Issuance of Letters of Credit
c) Buying and selling of bullion
d) All of the above
Ans:- (d)
11) Reserve Bank of Indias functions are classified into:
a) Supervisory & Regulatory
b) Promotional & Developmental
c) Refinance Activities
d) All of the above
Ans:- (d)
12) Minimum Bank Rate is:
a) 3%
b) 4%
c) 5%
d) None
Ans:- (d)
13) Sec ---- of RBI Act,1934 gives sole power to RBI to issue currency notes
a) 10
b) 18
c) 22
d) 26
Ans:- (c)
14) KYC means
a) Know Your Customer very well
b) Know Your existing Customer very well
c) Know Your prospective Customer very well
d) Satisfy yourselves about the customers identity and activities.
Ans:- (d)
15) In a Garnishee Order, the banker on whom garnishee order served is:
a) Judgement Debtors Creditor
b) Judgement Creditors Creditor
c) Judgement Creditors Debtor
d) Judgement Debtors Debtor
Ans:- (d)
1. Choose the wrong pair from the following. The information given in the pair is
pertaining to banking companies
(a) Demand Deposits - Compulsory deposits under excise rules
(b) rebate on bills discounted - unexpired discount
(c) Operating Expenses Schedule 14
(d) Other Income - Profit on sale of investments less loss on sale of investments
2. The name of the accounts with the coverage of various items in building that
account is given below. One of the items covered in on of the accounts is wrong. Select
this account
(a) Closing balance of provisions held towards NPA - Opening Balance plus provisions
made during the year less write off of bad debts/write back of excess provisions
(b) Interest Earned - interest on advances plus income on investments plus interest on
deposit with RBI plus income earned by way of dividends from subsidiaries plus
discount on bills less unexpired discount
(c) Reserves & surplus - Opening balance plus additions during the year less
deductions during the year
to be made by passing necessary entries. One of the entries passed is wrong entry.
Select the wrong entry.(i) Provide dividend 5% of paid up share capital (Share capital
of Rs. 5,00,000 consisting of shares of Rs. 10 each fully paid) (ii) Insurance for
unexpired period is Rs.2000 (iii) A provision of Rs. 25,000 is to be made for income tax
(iv) a provision of Rs. 5000 is to be made for doubtful debts
(a) Debit Dividend by Rs.25000 & Credit Bank by Rs.25000
(b) Prepaid Insurance by Rs.2000 & Insurance by Rs.2000
(c) Debit Profit & Loss Account by Rs.25,000 & Credit Provision for Tax by Rs.25,000
(d) Debit Profit & Loss by Rs.5,000 & Credit Provision for doubtful debts by Rs.5,000
8. In respect of asset side of the balance sheet one of the items is presented in a
proper order, rests are disorderly. Select the orderly presented item from the following.
(a) Investments, Fixed Assets, Current Assets & Loan Advances, Profit & Loss
Account(Dr. balance), Miscellaneous Expenditure
(b) Fixed Assets, Investments, Current Assets & Loan Advances, Profit & Loss
Account(Dr. balance) , Miscellaneous Expenditure
(c) Fixed Assets, Investments, Current Assets & Loan Advances, Miscellaneous
Expenditure, Profit & Loss Account(Dr. balance)
(d) Fixed Assets, Current Assets & Loan Advances, Profit & Loss Account(Dr. balance),
Miscellaneous Expenditure
9. One of the statements in respect of Profit & Loss Adjustment account is incorrect,
rest are correct. Mark the incorrect sentence.
(a) The account is credited with closing balance of profit and loss account of last year
(b) The account is credited with current years net profit
(c) The account is debited with provision for taxes
(d) The account is debited with provision for dividend
10. The two portion of each pair relating to partnership accounts has got some
relationship. However one of the pairs is a mismatch and has no relationship. Select
this pair from the following
(a) Management of business - business may be run by one or some or all partner
(b) Treatment of losses - insolvency of a partner
(c) Loan from partners - No interest as partners are owners
(d) Goodwill - super profit method
11. The two portion of each pair relating to admission of a partner has got some
relationship. However one of the pairs is mismatch and has no relationship. Select this
pair from the following
(c) 3: 3: 2
(d) None of the above
21. If the adjustment in the values of assets at the time of the admission of a partner
shows a profit, it should be credited to the capital accounts of----(a) The old partners in their new profit-sharing ratio
(b) All partners in their new profit sharing ratio
(c) The old partners in their old profit sharing ratio
(d) None of the above
22. A, B and C are three partner sharing profits in the ratio of 3:1:1. C retires and his
share is purchased by B. the new profit sharing ratio shall be----(a) 3:1
(b) 7:3
(c) 3:2
(d) None of the above
23. On the retirement of the partner, the profits on revaluation of assets should be
credited to the accounts of----(a) All the partners in their profit sharing ratio
(b) The remaining partners in their new profit sharing ratio
(c) The remaining partners in their old profit sharing ratio
(d) None of the above
24. A, B and C share profits as 3:2:1. C retires. Calculate the gain ratio of A and B
(a) 3:2
(b) 1:1
(c) 2:1
(d) None of the above
25. Choose the incorrect statement in case of dissolution of partnership from the
following statements
(a) On the dissolution of the firm , first creditors like wages outstanding etc. will have
to be paid
(b) Goodwill will be raised in the books when a firm is dissolved
(c) The loan from the spouse of a partner is treated just like a loan from outside
parties
(d) After the books are closed, no account will show any balance.
26. Choose the incorrect statement from the following statement which are pertaining
to company accounts
(a) The company is an artificial person
(b) A member of a company may bind the company by its actions.
(c) The shareholders are not liable for the acts of the company
(d) The premium received on shares may be distributed among shareholders.
27. A new company cannot issue shares----(a) at par
(b) at discount
(c) at premium
(d) none of the above
28. A company wishes to pay dividend on shares. State which of the following may be
used for the purpose.
(a) Premium of shares
(b) Profit on re-issue of forfeited shares
(c) General Reserve
(d) None of the above
29. If Rs.10 share has been issued at a premium of Rs.5, on which entire amount has
been called up, has been forfeited for non payment of Rs. 4, the Share Capital
Account will be debited by----(a) Rs.15
(b) Rs.10
(c) Rs.4
(d) Rs.6
30. Money received in advance from shareholder before it is actually called up by the
company is ----(a) Debited to Calls in arrears Account
(b) Debited to Calls in Advance Account
#3
June 4th, 2014, 11:47 AM
Unregistered
Posts: n/a
Guest
JAIIB exam previous year question papers free download
Will you please give me the JAIIB exam previous year question papers as it is very
urgent for me?
#4
June 5th, 2014, 02:45 PM
Sashwat
Super Moderator
Re: JAIIB exam previous year question papers free download
As you want to get the JAIIB exam previous year question papers so here is the
information of the same for you:
1) Reserve Bank of Indias functions are classified into:
a) Supervisory & Regulatory
b) Promotional & Developmental
c) Refinance Activities
d) All of the above
Ans:- (d)
2) Minimum Bank Rate is:
a) 3%
b) 4%
c) 5%
d) None
Ans:- (d)
3) Sec ---- of RBI Act,1934 gives sole power to RBI to issue currency notes
a) 10
b) 18
c) 22
d) 26
Ans:- ( c )
4) KYC means
a) Know Your Customer very well
b) Know Your existing Customer very well
c) Know Your prospective Customer very well
d) Satisfy yourselves about the customers identity and activities.
Ans:- (d)
5) In a Garnishee Order, the banker on whom garnishee order served is:
a) Judgement Debtors Creditor
b) Judgement Creditors Creditor
d) Guarantee
Ans:- ( c )
12) The term Credit Management covers
a) Capital adequacy norms
b) Risk management including Asset/Liability management
c) Credit appraisal decision and review of loans & advances
d) All of the above
Ans:- (d)
13) Banks Assets are classified in to standard assets, substandard assets doubtful
assets and loss assets, based on the recommendations of -------------------Committee
a) Rangarajan
b) Narasimham
c) Ghosh
d) Tandon
Ans:- (b)
14) The time taken to convert cash into raw materials, semi finished goods, finished
goods and into cash , is known as
a) Trade cycle
b) Cash cycle
c) Operating cycle
d) Revolving cycle
Ans:- ( c )
15) A company which pools money from investors and invests in stocks, bonds, shares
is called
a) A bank
b) An insurance company
c) Bancassurance
d) Mutual Fund
Ans:- (d)
16) Bancassurance is
a) An insurance scheme to insure bank deposits
b) An insurance scheme to insure bank advances
c) A composite financial service offering both bank and insurance products
d) A bank deposit scheme exclusively for employees of insurance companies
Ans:- ( c )
17) John & James are friends aged 14 & 15 respectively. They want to open a joint
account in your bank. You will
a) Direct Agriculture
b) Indirect Agriculture
c) Self Employment Scheme
d) Allied to indirect Agriculture
Ans:- (a)
24) Cash Budget is a statement of
a) Cash-Non cash funds
b) Cash receipt and Cash payments
c) Another name for cash flow
d) None
Ans:- (b)
25) In banks parlance credit risk in lending is
a) Default of the banker to maintain CRR
b) Default of the banker to maintain SLR
c) Default of the banker to release credit to the customer
d) Default of the customer to repay the loan
Ans:- (d)
26) The apex institution which handles refinance for agriculture and rural development
is called:
a) RBI
b) SIDBI
c) NABARD
d) SEBI
Ans:- ( c )
27) Long Form Audit Report (LFAR) is prepared and submitted by
a) RBI inspectors
b) Internal inspectors
c) Statutory auditors
d) Concurrent auditors
Ans:- ( c )
28) As per FIMMDAs guidelines, the Mid-Office is responsible for:
a) Dealing activities
b) Risk Management
c) Reconciliation
d) Confirmation of deals
Ans:- (b)
29) Interest is calculated on actual/365 days basis in respect of the following products,
except one :
a) Call Money
b) Notice Money
c) Term Money
d) GOI dated securities
Ans:- (d)
30) Which was the first Mutual Fund started in India:
a) SBI Mutual Fund
b) Kotak Pioneer Mutual Fund
c) Indian Bank Mutual Fund
d) None of the above
Ans:- (d)
31) The regulator for Mutual Funds in India is:
a) FIMMDA
b) AMFI
c) RBI
d) SEBI
Ans:- (d)
32) FIMMDAs general principles and procedures are applicable to:
a) Fixed Income Markets
b) Money Markets
c) Derivatives Markets
d) All of the above
Ans:- (d)
33) Your banks customer XYZ Ltd, enjoys a CC limit of Rs.1,00,000.00 The CC account
shows a credit balance of Rs,10,205.00. The relationship between your bank and XYZ
Ltd is:
a) Debtor/Creditor
b) Creditor/Debtor
c) Bailor/Bailee
d) Bailee/Bailor
Ans:- (a)
34) The right of set-off is:
a) Customers Right
b) Customers Obligation
c) Bankers Right
d) Bankers Discretion
Ans:- (d)
35)Which of the following forms of business are permissible under BR Act:
a) Borrowing
b) Issuance of Letters of Credit
15%
35%
50%
15%
Ans:- (b)
38) Law of limitation is not applicable in respect of :
a) Advance against pledge of shares
b) CC granted against hypothecation of inventory
c) Term loan secured by mortgage of Plant & Machinery
d) Bank Term Deposit
Ans:- (d)
39) A bank in India, wants to undertake capital market activities, it should:
a) Obtain special license from AMFI
b) Obtain special license from FIMMDA
c) Both a and b
d) Register with SEBI
Ans:- (d)
40) FIMMDA stands for:
a) Foreign Exchange Markets and Derivative Markets
b) Fixed Income Markets Money Markets and Derivatives Markets
c) Fixed Income Markets and Derivatives Markets
d) None of the above
Ans:- (b)
41) The Capital Adequacy Ratio is :
a) 6%
b) 8%
c) 9%
d) 10%
Ans:- ( c )
42) Except one of the following others are known as Non Fund based facilities:
a) Letters of Credit
b) Bank Guarantees
c) Co-acceptance of Bills
d) Trust Receipt
Ans:- (d)
43) FIMMDAs guidelines cover the following products, except one:
a) Call Money
b) Cross Currency Interest Rate swaps
c) Commercial Paper
d) Certificate of Deposit
Ans:- (b)
44) Except one of the following others are part of Public Sector Banks:
a) State Bank of Hyderabad
b) Central Bank of India
c) Regional Rural Bank, sponsored by a nationalized bank
d) HDFC Bank
Ans:- (d)
45) A banker is expected to honour the cheques within the specified banking hours as
per Section of NI Act,1881
a) 22
b) 25
c) 31
d) 65
Ans:- (d)
__________________
Answered By StudyChaCha