JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-28

21/03/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-28

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. Provisions of the SARFAESI Act are applicable to which of the following?
(a) Pledged goods
(b) Only mortgaged properties
(c) Securities that are not otherwise charged to the creditors
(d) Securities charged to creditors and not in possession of the creditor

2.Who is an insolvency professional (IP)?
(a) A qualified Company Secretary professional.
(b) A person who holds a professional qualification such as CA, ICWA, Company Secretary, etc.
(c) An eligible person who registered with IBBI and enrolled with an IPA
(d) An eligible person who enrolled with an insolvency professional agency (IPA) as its member

3. Cases where the amount of debt due to any bank or financial institution or their consortium is Rs. ______or more are covered under DRT.
a) 10 lakhs
b) 20 lakhs
c) 25 lakhs
d) 30 lakhs

4. The PO holds office for a term of ____ years from the date on which he assumes his office, or until he attains the age of _______ years, whichever is earlier.
a) 3 years, 60 years
b) 5 years, 65 years
c) 3 years, 70 years
d) 5 years, 55 years

5. A person is qualified to be chairperson of DRAT if _____
a) he is qualified to be a Judge of a High Court
b) has been a member of the Indian legal service and has held a post in grade I of that service for at least three years
c) has held office as the Presiding Officer of a Tribunal for at least three years
d) All of the above

6. What are the conditions to be fulfilled while filing appeal to DRAT?
a) The appeal should be filed within thirty days from the date on which copy of the order is received.
b) 50% of the amount shown as due in the order is required to be deposited by the appellant
c) Any one of the above
d) Both the above

7. SARFAESI Act is applicable to cases where security interest for securing repayment of any financial asset is more than Rs. ______and the amount due is _______or more of the principal amount and interest.
a) 1 lakh, 20%
b) 2 lakh, 25%
c) 5 lakh, 20%
d) 1 lakh, 10%

8. ______was set up under SARFAESI to maintain and operate the Central Registry.
(a) CKYCYR
(b) CERSAI
(c) ARC
(d) INFINET

9. IBC contains which provisions?
(i) matters relating to the insolvency and liquidation of corporate debtors where the minimum amount of the default is Rs. 1 crore.
(ii) matters relating to insolvency and bankruptcy of individuals and partnership firms where the amount of the default is not less than Rs. 1000
(iii) matters relating to establishment of the Insolvency and Bankruptcy Board of India.
(iv) All of the above

10. For banks and financial institutions for loans up to Rs._______,Lok Adalat can be availed.
(a) 10 lakhs
(b) 20 lakhs
(c) 25 lakhs
(d) 50 lakhs