JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-24

06/03/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-24

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. The nature of charge created while advancing against LIC policies is _____________.
(a) Assignment
(b) Lien
(c) Pledge
(d) set-off

2. Loans to any individual from the banking system against security of shares, convertible bonds, convertible debentures, units of equity oriented mutual funds should not exceed the limit of ________for subscribing to IPO.
a) Rs. 5 lakhs
b) Rs. 10 lakhs
c) Rs. 20 lakhs
d) Rs. 25 lakhs

3. Loans against the security of shares, debentures and PSU bonds to individuals should not exceed the limit of ____________ per individual borrower, if the securities are held in the demat form.
(a) Rs. 10 lakh
(b) Rs. 15 lakh
(c) Rs. 20 lakh
(d) Rs. 50 lakh

4. Loan against minor’s term deposit ____________.
(a) can be granted if the documents are signed if the minor has completed the age of 14 years.
(b) cannot be granted under any circumstances as the minor does not have the contractual capacity.
(c) can be granted to the guardian of the minor, if it is for the necessities of the minor.
(d) can be granted only with the permission of the Court.

5. LTV ratio in case of loan against Gold jewellery is ____________.
(a) 50%
(b) 75%
(c) 100%
(d) 85%

6. Which statement is true in respect of Bullet repayment of loans permitted against pledge of gold ornaments?
(i) The amount of loan sanctioned should not exceed Rs.2.00 lakh at any point of time.
(ii) The period of the loan shall not exceed 12 months from the date of sanction.
(iii) Interest will become due for payment along with principal only at the maturity.
(iv) All of the above

7. RBI has advised that gold jewellery accepted as security/collateral will have to be valued at the average of the closing price of 22 carat gold for the preceding ____as quoted by the Indian Bullion and Jewellers.
a) 30 days
b) 45 days
c) 60 days
d) 365 days

8. Which statement is incorrect regarding advances granted against units of mutual funds?
a) The units should be listed in the stock exchanges or repurchase facility for the units should be available at the time of lending.
b) The units should have completed the minimum lock-in-period stipulated in the relevant scheme.
c) Amount of advances should be linked to the face value of the units.
d) Advances against units of mutual funds would attract the quantum and margin requirements as are applicable to advances against shares

9. Banks may extend finance to employees for purchasing shares of their own companies under ESOP under IPO to the extent of ____of the purchase price of the shares or ____ , whichever is lower.
a) 80%, Rs. 10 lakh
b) 90%, Rs. 20 lakh
c) 85%, Rs. 25 lakh
d) 75%, Rs. 10 lakh

10. Banks should maintain a minimum margin of _____of the market value of equity shares held in physical form and those held in dematerialised form, a minimum margin of _______should be maintained.
a) 40%, 20%
b) 50%, 25%
c) 20%, 25%
d) 50%, 20%