JAIIB Crash Course May 2025 PPB Quiz-5

09/05/2025

Table of Contents

JAIIB Crash Course May 2025 PPB Quiz-5

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. __________ is the investigation and prosecuting authority for money laundering crime that can track and attach assets related to money laundering.
(a) FIU-Ind
(b) ED
(c) Special Courts
(d) RBI

2. The unsecured exposures, which are identified as ‘substandard’ would attract provision of _____ on the outstanding balance.
(a) 10%
(b) 15%
(c) 25%
(d) 40%

3. Direct advances to agriculture and SME under standard assets category requires provision at the rate of _________.
(a) 0.40 per cent
(b) 0.10 per cent
(c) 1.00 per cent
(d) 0.25 per cent

4. Any existing SB account(s) in bank should be closed within ____ days from the date of opening a BSBDA.
(a) Seven
(b) Thirty
(c) Twelve
(d) Sixty

5. Which of the statements is false regarding SEP-I loan?
(a) The maximum project cost is ₹1,00,000.
(b) For loans up to ₹50,000, no margin money is required.
(c) The repayment period is 5–7 years, with a moratorium of 6–18 months.
(d) The loan can be a cash credit or a term loan.

6. Payment Banks need to have at least ______ of physical access points including BCs in rural centres.
(a) 10%
(b) 15%
(c) 25%
(d) 50%

7. _____________ is/are used to verify the identity of the customer in banks.
(i) Letter issued by National Population Register
(ii) Permanent Account Number
(a) Only (i)
(b) Only (ii)
(c) Both (i) & (ii)
(d) None of these

8. The National Centre for Financial Education (NCFE) was set up in 2013 with support from all the financial sector regulators except ________.
(a) RBI
(b) SEBI
(c) NABARD
(d) IRDAI

9. Choose the correct option with respect to BSBDA.
(a) A person can have only one BSBDA in the banking system
(b) A person can have four BSBDA in the banking system
(c) A person can have three BSBDA in the banking system
(d) A person can have two BSBDA in the banking system

10. __________ establishes a District Consumer Disputes Redressal Commission in each district.
(a) Central government
(b) State government
(c) District Collector
(d) None of the above

Q.11. What are the rights conferred on the bank as per courts’ pronouncements or specific provisions of law?
(a) Right to General Lien
(b) Right of set-off
(c) Right to charge interest or commission
(d) All of the above

Q.12. Which of the following is related to money market instrument?
(i) Certificate of Deposits (CDs)
(ii) Commercial Papers
(a) Only (i)
(b) Only (ii)
(c) Both (i) & (ii)
(d) None of these

Q.13. Mr. Z has availed a clean overdraft from a bank. He has certain fixed deposit with the bank. He also has a safe deposit locker with the bank. Which of the following is the correct position?
(a) The bank has general lien only on the fixed deposit.
(b) The bank has no lien either on the fixed deposit or the contents of the safe deposit locker.
(c) The bank has general lien over both the fixed deposit and also the safe deposit locker contents.
(d) The bank has general lien only on the contents of the locker.

Q.14. NARCL has been set up with a strategic initiative to clean up the legacy stressed assets with an exposure of Rs _____ and above in the Indian Banking system.
(a) 100 crores
(b) 500 crores
(c) 50 lakhs
(d) 1 crore

Q.15. Which of the following statements is true in case of Limited Liability Partnership account?
(a) For opening an account of LLP, Resolution by the Designated Partners is required.
(b) LLP is not affected by changes in partners due to any reason, including resignation or death.
(c) The partners will not be personally liable for any dues that may occur.
(d) All of the above

Q.16. Form ______ is required for cancellation of the said nominations to be made by the depositors.
(a) DA-1
(b) DA-2
(c) DA-3
(d) DA-4

Q.17. Public Ltd company requires a minimum of _______ members for incorporation.
(a) two
(b) three
(c) five
(d) seven

Q.18. The person for whose benefit, the confidence is accepted in trust is called the ____.
(a) Author of trust
(b) Trustee
(c) Beneficiary
(d) None of the above

Q.19. There is no restriction on opening current accounts or on providing CC/OD facility in case of borrowers, where the exposure of the banking system is less than _____
(a) 10 crores
(b) 15 crores
(c) 5 crores
(d) 1 crore

Q.20. In accounts of non-face-to-face customer with OTP based e-KYC of Aadhaar, if OVD is not submitted/ CDD procedure not completed within ________, a deposit account will be closed
(a) 3 months
(b) 6 months
(c) 1 year
(d) 2 years

Answer:

Q1: B
Q2: C
Q3: D
Q4: B
Q5: A
Q6: C
Q7: C
Q8: C
Q9: A
Q10: B
Q11: D
Q12: C
Q13: A
Q14: B
Q15: D
Q16: B
Q17: D
Q18: C
Q19: C
Q20: C