JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-17

17/02/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-17

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. In which of the following cases bank has to disclose customer’s information under the compulsion of law?
A.Banker’s Book Evidence Act, 1881
B.Summons by civil/criminal court
C.Income Tax Act 1961
D.All of the above

2. In terms of Section 15(1) of Credit Information Companies (Regulation) Act, 2005, every credit institution has to become a member of at least one Credit Information Company within a period of ________months from commencement of the Act.
A. Two
B. Three
C. Five
D. Six

3. Which of the following statements is false with respect to Garnishee Order?
A. Garnishee Order issued in a single name does not apply to accounts in the joint names of judgement debtor with another person(s).
B. if Garnishee Order is issued in joint names, it will not apply to individual accounts of the same debtors.
C. When a court issues an order attaching the credit balance in the account of a customer, the bank on receipt of such an order is prohibited from honouring cheques drawn by the customer on the account
D. On receipt of garnishee order the bank should immediately stop debit operations in the account attached and intimate the customer of the order and the resultant stoppage of the operation in the account.

4. What are the rights conferred on the bank as per courts’ pronouncements or specific provisions of law?
A. Right to General Lien
B. Right of set-off
C. Right to charge interest or commission
D. All of the above

5. After BCSBI discontinued its operations, RBI has since set up ________ department.
A. Consumer Literacy and Awareness Department
B. Consumer Education and Protection Department
C. Consumer Rights and Duties Department
D. Consumer Grievances Redressal Department

6. What are the key commitments of banks under BCSBI Code?
A. To act fairly and reasonably in all their dealings with target customers
B. To help customers to understand how bank’s financial products and services work
C. To help customers use their account
D. All of the above

7 For grievance redressal banks are required to have which of the following?
A. Have a help desk/helpline at the branch.
B. Have a code compliance officer at each controlling office above the level of the branch.
C. Display, at each branch, name and contact number of the code compliance officer.
D. All of the above

8. What are the obligations of customers towards bank?
A. To keep the pass book, the cheque book, and the debit card safely.
B. To keep confidential the User ID and password for access to various channels
C. To inform promptly the bank about any unauthorized transaction noticed in the account
D. All of the above

9. In which of the following situation, is the bank authorised to share information?
A. Mrs. B, wife of Mr. A comes and asks the balance in his savings bank account in single name.
B. The balance in a savings bank account is blocked as per the attachment order of the Income Tax Officer, under advice to the customer and the Income Tax Department.
C. Mr. T, the Teller speaks out the balance in the account of Mr. X, who has just withdrawn cash from his account.
D. The balance in the savings account of Mr. Y, is told to an Income Tax Officer making a telephonic inquiry.

10. Which of the following is not a key commitment under the BCBI Code of Bank’s Commitment to customers?
A. To help customers use their account or service
B. To sanction loan facility as per the customer’s request
C. To deal quickly and sympathetically with things that go wrong.
D. To publicise the Code.