JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-25

07/03/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-25

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. What are the major constituents of a contract?
a) It is made by free consent of all the parties
b) It is made with a lawful object
c) It is not declared as void expressly in the Indian Contract Act
d) All of the above

2. Which statement is incorrect regarding contract of agency?
a) An agent having an authority to carry on a business has authority to do every lawful thing necessary to conduct such business.
b) In an emergency, an agent has authority to do all acts to protect his principal from loss as would be done by a person of ordinary prudence.
c) An agent cannot employ another to perform acts which he has undertaken to perform personally.
d) If acts are done by an agent on behalf of the principal without his knowledge or authority, the principal has to ratify such acts.

3. In which ways agency can be terminated?
(a) Principal revoking his authority
(b) Agent renouncing the business of the agency
(c) Either the principal or agent dying or becoming of unsound mind
(d) Principal being adjudicated an insolvent.
(e) All of the above

4. Hypothecation is an implied pledge in cases where _______________.
(a) delivery of goods is given
(b) constructive possession of obligation is given
(c) constructive possession of goods is given
(d) None of above

5. Sec. 78 of the Companies Act provides that the charge created by the company over the properties should be registered within _________.
a) 15 days
b) 30 days
c) 45 days
d) 60 days

6. What is the impact of non-registration of charge under Sec. 77?
a) It would render the security invalid automatically.
b) Charge would not be valid against the liquidator and other creditors of the company in the event of winding up.
c) Both the above
d) None of the above

7. What are the rights of pawnee?
a) Right of retainer
b) Right to claim extraordinary expenses
c) Right to sue pawnor where he defaults
d) All of the above

8. Requirements to be satisfied for a valid pledge are _______.
a) The property pledged should be actually or constructively delivered to the pawnee
b) The bailment must be, by or on behalf of the debtor
c) The bailment, must be for the purpose of providing security for the payment of a debt or performance of promise.
d) All of the above

9. What are the drawbacks in Hypothecation?
a) Goods remain in the possession of the borrower and therefore the creditor has no control over such goods.
b) Borrower may sell marketable stocks and keep only obsolete and slow moving stocks for the banker to realise.
c) The borrower may hypothecate the same stock with more than one banker
d) All of the above

10. Which statement is incorrect regarding Right to set-off
a) The banker cannot set-off the credit balance in the account of guarantor till the liability of the guarantor is determined.
b) The credit balance in the current account cannot be set-off against a contingent liability of a bill discounted but not yet due.
c) The credit balance in the personal account of a sole proprietor cannot be set-off against the debit balance of the sole proprietary concern
d) The parties must be mutually indebted in the same right.