JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-12

28/01/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-12

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. __________ is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand.
A. Promissory Note
B. Cheque
C. Demand Draft
D. Bills of Exchange

2. Under which conditions the banker has a legal duty to make the payment of cheque?
A. the cheque is properly drawn
B. there is sufficient balance in the account
C. there is no legal restraint on the bank’s duty to pay.
D. All of the above

3. ________ is an instrument in writing containing an unconditional undertaking, signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument.
A. Promissory Note
B. Truncated Cheque
C. Demand Draft
D. Bills of exchange

4. Sec. 18 says that if the amounts in words and figure differ, then ________
A. amount in words shall be paid
B. amount in figures shall be paid
C. Lesser of two amounts shall be paid
D. None of the above

5. Any material alteration in a cheque should be authenticated under the full signature of the ______
A. Drawer
B. Drawee
C. Payee
D. Any of the above

6. Payment in due course means payment in accordance with ______to any person in possession.
A. apparent tenor of the instrument
B. in good faith
C. without negligence
D. All of the above

7. When the endorser directs to pay the amount of the cheque to a certain person or his order then it is called ________
A. Endorsement in blank
B. Endorsement in full
C. Conditional Endorsement
D. Restrictive Endorsement

8. If the cheque bears across its face, in addition to the crossing, the name of a banker, the cheque is deemed to have ________
A. General Crossing
B. Special Crossing
C. Not negotiable crossing
D. Normal Crossing

9. Section 89 of the NI Act provides protection to the paying banker for ________
A. forged signature
B. forged endorsement
C. Negligence
D. None of the above

10. In case of cancellation of stop payment instruction in joint account instruction should be given by ________
A. all joint account holders
B. any of the joint account holders.
C. First account holder only
D. Account holder who had given stop payment instruction