JAIIB Crash Course May 2025 PPB Quiz-3

06/05/2025

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JAIIB Crash Course May 2025 IE and IFS Quiz-3

JAIIB CAIIB Course Quiz – May 2025: The JAIIB exam for May 2025, conducted by IIBF, is fast approaching. To support your preparation, we are providing regular MCQ-based quizzes specifically designed for the JAIIB CAIIB syllabus. These quizzes are structured module-wise and unit-wise to help you cover the entire syllabus systematically. Practicing these quizzes consistently will strengthen your concepts, improve accuracy, and increase your chances of clearing the exam on your first attempt.

1. A _______ is a network device that connects multiple LANs or WANs together and can direct data traffic between them.
(a) hub
(b) router
(c) switch
(d) bridge

2. Which of the following is the importance of backups in a computerized bank?
(a) Backups ensure that the data is saved and can be restored in the event of a system failure.
(b) Backups are significant to display user actions
(c) Backups are imperative to stop unlawful admission to the system
(d) All of the above

3. A business owner wants to automate their payroll processing to make it more efficient. Which electronic payment system would be the most appropriate option?
(a) NACH
(b) NEFT
(c) Credit Cards
(d) RTGS

4.
Statement 1: CBS should provide access controls to ensure that only authorized individuals can access the system.
Statement 2: Access controls ensure that only authorized individuals can access the system, which helps to prevent unauthorized access and data breaches.
(a) Only statement 1 is true
(b) Only Statement 2 is true
(c) Both statements are true
(d) None are true

5. ____________ and ____________ are the two types of logical access controls.
(a) Corporeal access pedals and biometric verification
(b) Encoding and decoding
(c) Authentication and authorization
(d) Firewalls and antivirus package

6. Choose the correct option.
(a) Meghraj under the Digital India flagship programme is closely associated with electricity.
(b) Meghraj under the Digital India flagship programme is closely associated with OTT platforms.
(c) Meghraj under the Digital India flagship programme is closely associated with cloud computing
(d) Meghraj under the Digital India flagship programme is closely associated with farmer subsidy.

7.
Statement I: E-commerce provides a higher degree of personalization and round-the-clock advantage.
Statement II: Neo banking offers traditional banking services through digital platforms.
Statement III: Neo banking has a low barrier to market entry.
(a) Statements I and II are true; Statement III is false.
(b) Statements I and III are true; Statement II is false.
(c) Statements II and III are true; Statement I is false.
(d) All statements are true.

8. Sema is trying to make an online purchase using her debit card, but the transaction is declined due to insufficient funds in her account. She then uses her credit card to make the purchase.
What is the advantage of using a credit card over a debit card in this scenario?
(a) Credit cards offer better security for online transactions
(b) Credit cards have a credit limit to make purchases though there is no balance in account
(c) Credit cards offer rewards and cashback on purchases
(d) Credit cards have a grace period for payments

9. Which statement about blockchain is false?
(a) It is a decentralized, distributed digital ledger that records transactions
(b) The blockchain data is stored across multiple computers or nodes, making it resistant to single points of failure.
(c) Once a transaction is recorded in a block, it can be altered or deleted.
(d) All participants on the network have access to a copy of the blockchain, ensuring transparency.

10. The daily limit for IMPS (Immediate Payment Service) transactions is ________ per day.
(a) ₹ 1 lakh
(b) ₹ 2 lakh
(c) ₹ 5 lakh
(d) ₹ 10 lakh

11.
Statement I: GeM offers a wide range of products and services, including IT equipment, stationery, furniture, and vehicles.
Statement II: The platform is only used by central government agencies for procurement purposes.
Statement III: The use of GeM is mandatory for all government agencies, except for those exempted by the government.
(a) Only Statement I is true
(b) Statements I and III are true
(c) Statements II and III are true
(d) All three statements are true

12. Which of the following is associated with Electronic Banking?
(a) MPIN
(b) Remote banking
(c) Bank teller
(d) Both a and b

13. RBI has taken various measures to strengthen the payment system mechanism in the country like _______.
(a) NACH system
(b) RTGS
(c) FEMA
(d) Both a and b

14. MODEM does the following______
(a) Modulates digital signals into analogue
(b) Demodulates analogue signals into digital
(c) Converts data into image
(d) Both (a) and (b)

15. Which of the following are 24 × 7 Payment systems.
(a) UPI
(b) IMPS
(c) NEFT
(d) RTGS
(e) All of the above

16. Who launched the e-RUPI?
(a) IIT-Bombay
(b) NCPI
(c) UGC
(d) IIT-BHU

17. The largest WAN in India is __________.
(a) PINNET
(b) PINENET
(c) UNET
(d) NICNET

18. A data lake ingests the data in its _________ form.
(a) Duplicate
(b) original
(c) partial
(d) matured

19. __________ banking uses third-party APIs.
(a) Open
(b) Close
(c) Partial open
(d) Partial Close

20. Which of the following is true regarding RTGS transaction?
(a) Credit is based on the beneficiary’s name and account number
(b) Minimum amount for RTGS is Rs. 1 lakh
(c) Cross-matching of beneficiary name and account number is mandatory
(d) Credit is provided only during banking hours

21.
Statement I: Logical access control refers to the measures taken to control user access to information systems, data, and resources.
Statement II: It involves the use of usernames, passwords, and other authentication methods to restrict access to authorized users only.
Statement III: Logical access control is not necessary for protecting sensitive information in a banking environment.
(a) Only statements I and II are true
(b) Only statement I is true
(c) Only statement II is true
(d) All statements are false

22.
Statement I: E-commerce has made it easier for small businesses to reach a larger customer base.
Statement II: Neo banks always offer higher interest rates on savings accounts than traditional banks.
Statement III: Neo banking is only accessible to limited customers.
(a) Statements I is true; Statement II and III is false.
(b) Statements I and III are true; Statement II is false.
(c) Statements II and III are true; Statement I is false.
(d) All statements are false.

23.
Assertion: Electronic banking has reduced the cost of banking services for customers.
Reason: Electronic banking eliminates the need for physical infrastructure and staff.
(a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
(b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
(c) Assertion is true, but the reason is false.
(d) Assertion is false, but the reason is true.

24.
Statement I: A charge card allows users to spend money and requires the balance to be paid in full each month.
Statement II: A credit card is similar to a charge card.
Statement III: Late payment fees and penalty may apply if the balance is not paid in full on time in charge card
Which of the following statements is true about a charge card?
(a) Statement I and II are true
(b) Statement II and III are true
(c) Statement I and III are true
(d) All three statements are true

25. Which of the following systems is not a payment system?
(a) RTGS
(b) UPI
(c) NEFT
(d) SWIFT

26.
Statement I: Financial technology has made it easier for banks to expand their customer base.
Statement II: Financial technology has increased the speed of loan disbursal.
Statement III: Financial technology has eliminated the need for collateral for loan approvals.
(a) Only Statement I is true
(b) Statements I and II are true
(c) Statements II and III are true
(d) All statements are true

Answer:

Q1: B
Q2: A
Q3: A
Q4: C
Q5: C
Q6: C
Q7: D
Q8: B
Q9: C
Q10: C
Q11: B
Q12: D
Q13: D
Q14: D
Q15: E
Q16: B
Q17: D
Q18: B
Q19: A
Q20: A
Q21: A
Q22: A
Q23: A
Q24: C
Q25: D
Q26: B