JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-21

22/02/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-21

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 is a non-fund based facility from bank?
A. Cash credits
B. Demand loans
C. Bank Guarantee
D. Bill finance

2. Net Working Capital is ______
A. Total Current asset
B. Current Asset – Current Liability
C. Total Liability
D. Total Assets – Current Liability

3. Which statement is false?
A. Term loans are usually of medium- or long-term duration, Whereas working capital facilities are typically granted for one year duration
B. Working capital finance is availed as a running account with frequent drawings and credits in it. Whereas the term loans are disbursed once or in a few tranches over a fixed period of time
C. the working capital facility essentially gets repaid within the amortization period determined. However, term loan nature is of permanent nature.

4. An individual cannot be a partner, if _________.
(i) he has been found to be of unsound mind by a Court and the finding is in force.
(ii) he is an undischarged insolvent
(iii) he has applied to be adjudicated an insolvent and application is pending
(iv) All of the above

5. Which statement is incorrect regarding LLP?
A. The LLP is a separate legal entity, is liable to the full extent of its assets.
B. Liability of the partners is limited to their agreed contribution in the LLP.
C. Partners are liable on account of the independent or unauthorized actions of other partners.
D. LLP shall have at least two designated partners, of whom at least one must be resident in India.

6. Companies Act, 2013 providing that a company having a share capital shall not commence any business or exercise any powers unless ___
a) a declaration is filed (within 180 days of the date of incorporation) by a director with the Registrar that every subscriber to MoA has paid the value of the shares agreed to be taken by him
b) The company has filed with the Registrar a verification of its registered office.
c) Both the above
d) Any one of the above

7. Which of the following is not included in Article of Association of a company?
A. Liability of its members
B. Number of directors of the company
C. Procedure for conducting meetings of the shareholders, board of directors
D. Officers of the company and other details.

8. CA 2013 provides that a company may be formed for any lawful purpose by ______or more persons for public company; by _____ or more persons, for a private company
a) Five, three
b) Two, two
c) Seven, two
d) Three, five

9. CA 2013, provides that an association or partnership firm carrying on any business for gain cannot have more than ________ number of persons.
A. Fifty
B. Hundred
C. Twenty-Five
D. Two Hundred

10. The shares of a Public Limited Company are _______________.
(a) not transferable
(b) transferable
(c) sovereign security
(d) negotiable