JAIIB Crash Course May 2025 RBWM Quiz-2

15/05/2025

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JAIIB Marathon May 2025 RBWM Quiz-2

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 income of non-resident taxable in India?
a)No
b)Yes, if income is earned in India
c)Yes, whether income is earned in India or abroad
d)None of the above

2. Suit filed cases/accounts where the plaint amount does not exceed ______ can be referred to Lok Adalat.
a)Rs. 5 lakhs
b)Rs. 10 lakhs
c)Rs. 20 lakhs
d)Rs. 25 lakhs

3. Full form of SWIFT is __________
No options given.

4. Per day fund transfer limit for USSD is _______ and annual limit is _______
a)Rs. 1000, Rs. 10,000
b)Rs. 5000, Rs. 50,000
c)Rs.2500, Rs. 25000
d)Rs. 15000, Rs.1 lakh

5. NPI, an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of the ___________ and _________under the provisions of the Payment and Settlement Systems Act, 2007.
a)RBI and IDRBT
b)SEBI and IBA
c)RBI and IBA
d)PFRDA and SEBI

6. The Central KYC Records Registry (CKYC) is managed by the __________.
a)RBI
b)IRDAI
c)CERSAI
d)SEBI

7. Loan to Value Ratio is stipulated to be maximum _______ for home loans upto Rs. 75 lakhs.
(a)95%
(b)90%
(c)80%
(d)75%

8. For underlying loans with original maturity of 24 months or less, the MRR will be _______ of the book value of the loans being securitised.
a)5%
b)10%
c)15%
d)20%

9. ______ banks got nationalized in the first phase in the year _____.
(a)10, 1963
(b)12, 1966
(c)14, 1969
(d)12, 1981

10. Which of the following needs does not fall within the classification of Maslow’s Hierarchy of Needs?
a)Physiological Needs
b)Safety Needs
c)Psychological needs
d)Social Needs

11. Which is true regarding Gross profit?
(a)Gross Profit = Net Profit – Operating Profit
(b)Gross Profit = Total Sales− Operating Expenses (c) Gross Profit = Operating Profit – (Taxes + Interest) (d) Gross Profit = Total Sales – Cost of goods sold

12. In case of education loan above Rs. 4 lakhs, margin is _____for study in India and ____ for study in abroad.
(a)10%, 20%
(b)10%, 15% (c) 5%, 15% (d) 5%, 20%

13. As per Securities and Exchange Board of India (SEBI) guidelines, minimum net worth requirement of a portfolio manager should be________.
(a)₹10/-crore
(b)₹100/-crore
(c)₹5/-crore
(d)No such requirement

14. Which one of the following is not a credit information company approved by RBI?
(a)CRISIL
(b)Experian Inc.
(c)Equifax Inc.
(d)CIBIL

15. The cut-off limit for invoking penal provision in respect of wilful defaulter/instances of siphoning/diversion of funds is _______or more.
a)Rs. 20 lakhs
b)Rs. 25 lakhs
c)Rs. 30 lakhs
d)Rs. 50 lakhs

16. Which of the following is true about Horizontally organized business process models?
(a) It uses different process models for different products
(b) It uses common information for most of the products
(c) It provides functionality across products and there is a centralized customer database across products
(d) It is product oriented with common customer information for some products

17. Balances in savings/ current accounts which are not operated for ______,are classified as “Unclaimed Deposits”.
a)2 years
b)5 years
c)10 years
d)20 years

18. A user can send up to ____________per transaction using BHIM UPI.
a)Rs 50,000
b)Rs 100,000
c)Rs 200,000
d)Rs 500,000

19. Which is not one of “Ps” in Marketing mix?
a)Product
b)Promotion
c)Plan
d)Physical Evidence.

20. Under Firm Commitment underwriting, If the IPO is not fully subscribed, the underwriter is obligated to purchase _______shares.
a)All unsold
b)25% of unsold
c)50% of unsold
d)Nil

21. What is the full-form of NEFT?
a)National Electric Fund Transfer
b)National Electronic Fund Transfer
c)National Electrical Fund Transmission
d)National Electric Fund Transmission

22. Advances under D1 category attracts provision of ______ in case of secured advance.
(a)25%
(b)40%
(c)15%
(d)100%

23. __________ strive to maintain a predetermined allocation of assets across different categories.
a)Equity fund
b)Debt fund
c)Asset allocation fund
d)Sectorial fund

24. Maximum amount of loan under Model Education Loan scheme is ________.
a)Rs. 5 lakhs
b)Rs. 10 lakhs
c)Rs.20 lakhs
d)Rs 25 lakhs

25. Maximum Liability of customer in case of third-party fraudulent electronic transaction is ________ if reported after 3 days.
a)Rs. 3000
b)Rs 5000
c)Rs 10,000
d)Rs. 25,000

26. Formula for calculating Short-term capital gain is _______. No options

27. ________provide a secure and reliable communication backbone for the Indian banking and financial sector.
a)NACH
b)SWIFT
c)INFINET
d)IMPS

28. Which among the bank’s product does not fall under Maslow’s physiological need?
a)Core Savings Accounts
b)Personal Accident Cover
c)Consumer loan
d)Housing Loans

29. Which of the facilities can not be given in minor account?
a)Cheque book
b)Debit card
c)Overdraft
d)Internet banking

30. What is the purpose of wealth management?
a)Financial growth
b)Wealth protection
c)Goal achievement
d)All of the above

31. Total credit in 1 FY in small account is ____________
a)Rs. 50,000
b)Rs. 1 lakh
c)Rs. 2 lakhs
d)Rs. 5 lakhs

32. The Reserve Bank – Integrated Ombudsman Scheme (RBI-IOS) integrated which schemes?
a)Banking Ombudsman Scheme (2006)
b)Ombudsman Scheme for Non-Banking Financial Companies (2018)
c)Ombudsman Scheme for Digital Transactions (2019)
d)All of the above

Answer:

Q1: B
Q2: C
Q3: X
Q4: B
Q5: C
Q6: C
Q7: C
Q8: A
Q9: C
Q10: C
Q11: D
Q12: C
Q13: C
Q14: A
Q15: B
Q16: A
Q17: C
Q18: B
Q19: C
Q20: A
Q21: B
Q22: A
Q23: C
Q24: B
Q25: B
Q26: X
Q27: C
Q28: C
Q29: C
Q30: D
Q31: B
Q32: D