JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-14

05/02/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-14

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. Payment of DD/BC of Rs. _____should not be made in cash, but only through credit to a bank account.
A. 5,000
B. 10,000
C. 20,000
D. 50,000

2. DD is revalidated only once and within _______ from the date of issue.
A. Six months
B. One year
C. Three years
D. Five years

3. Refund on cancellation of a DD/BC is made if ______
A. the original instrument is tendered without any sign of an endorsement or any special crossing or any traces of negotiation
B. on proper identity of the purchaser.
C. Both the above
D. None of the above

4. Under which mandatory condition/s a duplicate DD/BC in lieu of the lost instrument can be issued?
A. payment not already having been made
B. furnishing of indemnity by the purchaser/ payee.
C. Both the above
D. None of the above

5. For the delay beyond fortnight, banks have to pay interest at the rate of ____________in order to compensate the customer for such delay.
A. Saving account interest rate
B. Fixed deposit interest rate of corresponding maturity
C. 2.5% per annum
D. 5% per annum

6. NEFT system facilitates one-way funds transfer from India to _______.
A. Bhutan
B. Bangladesh
C. Nepal
D. Srilanka

7. Lockers can not be rented to _______
A. Individuals in joint name
B. Limited companies
C. Minors
D. Associations

8. As a safeguard against the locker-hirer not paying the rent, banks can take Term Deposit, to cover _______ rent and the charges for breaking open the locker, in case of such eventuality.
A. two years’
B. three years’
C. five years’
D. one years

9. Bank may discharge of locker contents if the locker remains inoperative for ________ and locker-hirer cannot be located, even if rent is being paid regularly.
A. Three years
B. Five years
C. Seven years
D. Ten years

10. Bank locker rules in case of theft state that the bank will be held responsible for any loss of the locker contents caused by theft and shall be liable to pay customer _____ the prevailing safe deposit locker annual rent.
A. 25 times
B. 100 times
C. 20 times
D. 50 times

11. A customer is entitled to issuance of a duplicate DD in place of the lost one, provided ___________.
A. he gives due intimation to the issuing branch
B. payment of DD not already made by the drawee branch
C. execution of an indemnity signed by both the payee and the purchaser of the DD
D. payment of a fee as applicable for issue of such duplicate DD
E. all of the above

12. ________ means advising for a fee in deployment of surplus funds in profitable channels at the risk and responsibility of the owners of the funds.
A. Consultancy services
B. Underwriting service
C. Portfolio Management Service
D. Transfer service