JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-33

08/04/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-33

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 statements is not true with respect to credit cards?
(a) While issuing cards, the terms and conditions for issue and usage of a credit card should be mentioned in clear and simple language.
(b) Card issuers should quote annualized percentage rates (APR) on card products.
(c) The card issuing banks would not be responsible for fulfilment of KYC requirements, where agents solicit business.
(d) The card issuer should not unilaterally upgrade credit cards and enhance credit limits.

2. If the guidelines of RBI in the matter of credit are violated, it can levy penalty on the violating bank under ____________.
(a) Reserve Bank of India Act
(b) Negotiable Instrument Act
(c) Indian Penal Code
(d) Banking Regulation Act

3. When banks give home loans, the nature of charge created is _____________.
(a) Hypothecation
(b) Mortgage
(c) Assignment
(d) pledge

4. SCBs with net worth of _____and above can undertake credit card business departmentally or through a subsidiary or in tie-up arrangement with other card issuing bank/NBFC.
a) Rs. 50 crore
b) Rs. 100 crore
c) Rs. 150 crore
d) Rs. 25 crore

5. If a card is issued/ existing card upgraded and activated without explicit consent of the recipient and is billed for the same, the card-issuer shall reverse the charges, and also pay a penalty of ________ the charges.
(a) Equal
(b) Twice
(c) Thrice
(d) Five times

6. Card-issuer shall report any credit information relating to a new credit card account to Credit Information Companies prior to activation of the card.
State True or False.
(a) True
(b) False

7. Which of the statement is false?
a) At request of the customer, banks may set a lower credit limit than the overall limit for the add-on card.
b) New cards/replacement cards will be EMV Chip and PIN enabled cards only.
c) If the limit on a card is proposed to be reduced, bank need not inform customer.
d) To help customer manage their credit card account banks will send a monthly statement, free of cost, with details of the transactions on the card.

8. Banks will comply with any request for cancellation promptly and confirm cancellation/closure of the card to customer within ______ working days of the request received provided the outstanding amount, if any, is settled in full.
a) Three
b) Five
c) Seven
d) Ten

9. Which of the statement is false regarding Home Loan?
(a) Bank finance can not be granted for purchase of a plot under any condition.
(b) it shall be customer’s sole responsibility to obtain completion certificate within 3 months of completion of construction, failing which the bank may recall the entire loan with interest.
(c) No loan should be given for properties meant for residential use but intended to be used for commercial purposes.
(d) Banks should not grant finance for construction of buildings meant purely for Government/ Semi-Government offices

10. Which of the statement is true regarding Home Loan Disbursal?
a) The disbursements should be made only after obtaining requisite clearances and approvals from Regulatory Authorities
b) Disbursal of housing loans should be closely linked to the stages of construction of the housing project.
c) In case of projects sponsored by Statutory Authorities, banks may disburse the loans as per the payment stages prescribed by such authorities, provided such authorities have no past history of noncompletion of projects.
d) All of the above