JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-15

06/02/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-15

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. Which of the following services are not provided by Business Facilitators?
A. Identification of borrowers and fitment of activities
B. Creating awareness about savings and other products
C. Doing cash transactions on behalf of bank
D. Processing and submission of applications to banks

2. Which of the parameters are needed to be fulfilled to work as Business Correspondents?
A. Good reputation/market standing
B. financial soundness
C. Ability to implement technology solutions in rendering financial services
D. All of the above

3. Which of the following conditions are to be met to appoint NBFCs-ND as BCs?
A. To ensure there is no mixing of bank funds with those of the NBFC-ND.
B. Specific contractual arrangement for all conflicts of interest to be adequately taken care of.
C. Bank to ensure NBFC-ND does not adopt any restrictive practice
D. All of the above

4. Which of the following statements is false with respect to engagement of BFs/BCs?
A. BC/BF can charge from customers directly for services on behalf of the bank.
B. The transactions by BCs should normally be put through ICT devices seamlessly integrated to the CBS of the bank.
C. A company engaged as BC by more than one bank, the customer database and account details of both should be kept separate.
D. Cash collected by BCs to be acknowledged by a receipt on behalf of the bank.

5. Payment Banks need to have at least ______ of physical access points including BCs in rural centres.
A. 10%
B. 15%
C. 25%
D. 50%

6. Which of the following services are not provided by payment banks?
A. Issuance of Debit /ATM cards
B. Issuance of Credit cards
C. Accepting demand deposits from customers
D. Providing internet services

7. The ___________ was set up in 2013 with support from all the financial sector regulators for implementation of the National Strategy for Financial Education (NSFE).
A. State Centre for Financial Education
B. National Centre for Financial Education
C. District Centre for Financial Education
D. Block Centre for Financial Education

8. Rural Self Employment Training Institutes (RSETI) are initiatives of __________to provide dedicated infrastructure in each district for imparting training and skill upgradation of rural youth.
A. Ministry of Human Resource Development
B. Ministry of Education
C. Ministry of Rural Development
D. Ministry of Finance

9. Ministry of Rural Development (MoRD) provides a one- time grant of Rs. _______ to the lead bank in every district to set up one RSETI.
A. 50 lakhs
B. 10 lakhs
C. One crore
D. 75 lakhs

10. NPCI offers a common USSD Code ________ for all Telcos.
A. *19#
B. *99#
C. #99*
D. *89#

11. What are the Risk Mitigating Measures to be adopted related to engagement of BFs/BCs?
A. There should be suitable limits on cash holding, individual customer payments and receipts.
B. All agreements with the customer to clearly specify the bank is responsible to the customer.
C. Ensure preservation/ protection of security/ confidentiality of customer information with BC.
D. All of the above