JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-1

Attempt the important questions quiz for ppb subjects and check the solution in the video attached in the article.

08/01/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-1

JAIIB Exam Quiz 2025: The JAIIB exam is scheduled for 2025 by IIBF. Here, we are providing JAIIB PPB MCQ-based quizzes on a regular basis. You can attempt the quizzes regularly to prepare for the upcoming JAIIB exam. The quizzes will be provided module-wise and unit-wise. You can attempt the JAIIB PPB quizzes from the links below and improve your preparation by practicing regularly. These quizzes will help you boost your score in the JAIIB exam and guide you to clear the exam on your first attempt.

1. When a bank lends money to a customer, the customer is a _______of bank.
a) Debtor
b) Trustee
c) Creditor
d) Bailee

2. ______ is a person or firm that holds and administers property or assets for the benefit of a third party.
a) Beneficial owner
b) Trustee
c) Partner
d) Attorney holder

3. When a customer deposits certain valuables, bonds, securities or other documents with the bank, for their safe custody the customer becomes _______
a) Licensor
b) Bailor
c) Bailee
d) Trustee

4. Under which act, a principal is a person who delegates authority to another person, the agent?
a) Sec. 148 of Indian Contract Act, 1872
b) Sec. 6 of Banking Regulation Act, 1949
c) Negotiable Instruments Act, 1881
d) Sec. 182 of Indian Contract Act, 1872

5. A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself or the conduct of any other person is a contract of ____
a) Turn-key
b) Indemnity
c) Negotiation
d) Cost-reimbursement

6. In case of locker the relationship between bank and customer is _____
a) Trustee and Beneficiary
b) Agent and Principal
c) Debtor and Creditor
d) Lessor and Lessee

7. What is relationship between bank and customer in purchase of draft?
a) Trustee and Beneficiary
b) Agent and Principal
c) Debtor and Creditor
d) Lessor and Lessee

8. What is relationship between bank and customer in case of money deposited but instructions not given for its disposal?
a) Trustee and Beneficiary
b) Agent and Principal
c) Debtor and Creditor
d) Lessor and Lessee

9. What is relationship between bank and customer in case of sale/purchase of securities on behalf of a customer?
a) Bailee and Bailor
b) Trustee and Beneficiary
c) Agent and Principal
d) Pledgee and pledgor

10. Time deposits are of period ______.
a) 10 days to 60 months
b) 15 days to 120 months
c) 10 days to 120 months
d) 7 days to 120 months

11. __________ are financial intermediaries facilitating transfer of capital from those who own it to those who use it.
a) Stock Brokers
b) Merchant bankers
c) Depositories
d) Custodians

12. __________ means leasing out the capital assets owned by an institution to another company against payment of monthly rents for asset’s consumption or use.
a) Hire purchasing
b) Lease Financing
c) Chattel Mortgage
d) Pledge