JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-3

10/01/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-3

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.

25. Customer Identification is done for selling any product including third party products, for value of over ________
A. Rs. 25,000
B. Rs. 50,000
C. Rs. 1,000
D. Rs. 1 lakh

26. Which of the following is not one of the officially valid documents?
A. Aadhar card
B. Voter’s ID card
C. NREGA card
D. PAN card

27. Where utility bill/ property tax receipt has been submitted as address proof, OVD with current address proof has to be submitted within ______
A. 1 month
B. 2 months
C. 3 months
D. 6 months

28. In accounts of non-face-to-face customer with OTP based e-KYC of Aadhaar, the aggregate of all credits in a financial year, in all the deposit accounts taken together, shall not exceed______ in a year.
A. Rs. 50,000
B. Rs. 2 lakhs
C. Rs. 5 lakhs
D. Rs. 10 lakhs

29. In accounts of non-face-to-face customer with OTP based e-KYC of Aadhaar, if OVD is not submitted/ CDD procedure not completed within ________, a deposit account will be closed.
A. 3 months
B. 6 months
C. 1 year
D. 2 years

30. For an account opening of Registered Partnership Firm which of the following document/s is required?
A. Registration Certificate
B. Partnership Deed
C. KYC Documents of the Partners
D. All of the above

31. Enhanced Due Diligence is required for which of the following account?
A. Accounts of non- face to face customers
B. Accounts of Politically Exposed Persons
C. Client accounts opened by Professional Intermediaries
D. All of the above

32. Simplified Due Diligence is required for which of the following account?
A. Accounts of Self-Help Groups
B. Accounts of foreign students
C. Accounts of Foreign Portfolio Investors
D. All of the above

33. Domestic wire transfers transactions of Rs. ______ and above shall be accompanied by originator information such as name, address and account number.
A. 25,000
B. 50,000
C. 75000
D. 1,00,000

34. Bank should preserve the records pertaining to the identification of the customers and their addresses obtained while opening account for at least _______ after the business relationship is ended or customer has deceased whichever is later.
A. 1 year
B. 2 years
C. 3 years
D. 5 years

35. _______ is the authority for deciding on reporting a transaction as a suspicious transaction report.
A. Bank manager
B. Service Manager
C. Principal Officer
D. Legal Officer

36. ________ code will help a bank to identify customers, track the facilities availed by them, monitor their financial transactions in a holistic manner.
A. UAIC
B. UBIC
C. UCIC
D. UDIC