JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-13

30/01/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-13

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. Section 131A of the Negotiable Instruments Act extends the protection granted to a banker while _________.
A. receiving payment of a draft
B. making payment of a cheque
C. endorsing payment of a cheque
D. All the above

2. When a banker receives information that a cheque for collection is lost, the banker should _________
A. inform the drawer
B. inform the drawee
C. inform the RBI
D. exercise due caution while collecting the cheque

3. The protection under Sec. 131 is subject to satisfying which of the following conditions?
A. The cheque is crossed generally or specially to the collecting bank.
B. It verifies the prima facie genuineness of the cheque for collecting payment under CTS clearing.
C. It looks for any fraud, forgery or tampering that can be verified with due diligence and ordinary care
D. All of the above

4. Which of the following are the duties of collecting bank?
A. Open the Account with sufficient Documentary Proof
B. Confirm the Reference where the Referee is not known
C. Ensure Crossing and Special Crossing
D. All of the above

5. Section ______ of Negotiable Instruments Act grants protection to a collecting banker.
A. 31
B. 131
C. 45
D. 65

6. In case the paying banker refuses payment wrongfully, then he is liable to the endorsee or holder when__________
a) the bank is wound up
b) if cheque is paid disregarding the crossing
c) Both the above
d) None of the above

7. In a joint account if one of the signatures is forged ____________.
(a) the bank and the customer are equally liable
(b) only the customer is liable
(c) only the Bank is liable
(d) no one is liable

8. Payment to be made in due course ____________.
(a) need not always be made to holder but can be made to his agent or servant
(b) need always to be made to holder
(c) made to employee of bank
(d) All the above are correct

9. A customer is bound to inform the ____________ about lost cheque leaves.
(a) Payee
(b) Endorsee
(c) collecting bank
(d) drawee bank

10. In the absence of proper KYC document, the collecting banker can be held liable for collection of a fraudulent cheque on the grounds of _________.
(a) Negligence
(b) Connivance
(c) Crime
(d) Arrogance