JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-5

16/01/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-5

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. Maximum of ____ withdrawals in a month, including ATM withdrawals are allowed in BSBD Account.
A. Two
B. Three
C. Four
D. Five

2. Fixed deposits of Rs. ______ and above in case of scheduled commercial banks (other than RRBs) and small finance banks have been categorized as ‘Bulk Deposits’ by RBI.
A. 15 lakhs
B. 50 lakhs
C. 3 crores
D. 2 crores

3. Which of the following statement is true with respect to loan against Term deposit?
A. Loans against TDs may be given to the customers on surrender of duly discharged TD receipt with a letter of lien.
B. The permissible loan amount is determined after margin of say 5% to 20% on the principal amount
C. Interest rate on the loan is at certain percentage over the rate paid on the TD
D. All of the above

4. ______is a variant of reinvestment deposits, and are issued at a discounted value at the rate applicable on the TD of similar tenor and amount.
A. Cash certificate
B. Certificate of deposit
C. Annuity deposit
D. Recurring deposit

5. Certificate of deposits are issued in dematerialized form in denominations of Rs. _____
A. 1 lakh
B. 2 lakhs
C. 5 lakhs
D. 10 lakhs

6. The banks are required to transfer the credit balance in any account or any deposit in a bank remaining unclaimed or inoperative for _____ or more to DEAF Fund.
A. 5 years
B. 10 years
C. 8 years
D. 4 years

7. Which of the following statement is true with respect to Rules for Claim of Deposit in Account of Deceased Constituent?
A. On the death of any of the joint account holders, the survivors are entitled to the whole amount.
B. Nominee can be paid the balance if all the joint account holders die.
C. If the savings account of the deceased does not have a nominee registered and is not a joint account, then the bank will consider paying the money to the legal heirs.
D. All of the above

8. Banks cannot pay interest on ________.
A. accounts attached by ED
B. unclaimed deposits
C. accounts frozen by them
D. current accounts

9. Which of the following statement is false with respect of garnishee order?
A. The outstanding amount in a trust account cannot be attached, if the judgment debtor has deposited the money as a trustee.
B. The personal account of a partner cannot be attached for the firm’s debt
C. When a garnishee order is in a single name and the customer/s account is in joint names “Either or Survivor” clause, survivor’, the monies lying in such account cannot be attached.
D. if the order specifies all the joint account holders, such order will attach not only the balance in the joint account but also the balances in the individual accounts of the joint account holders

10. In accounts of minors operated by guardian, nomination should be made by _________.
A. Minor
B. Guardian authorised to operate
C. Any of the above
D. Both Minor and guardian Jointly

11. Form ______ is required for cancellation of the said nominations to be made by the depositors.
A. DA-1
B. DA-2
C. DA-3
D. DA-4

12. Interest rate on fixed deposits can be different on deposits ________.
A. in different areas
B. of different tenor
C. of minor
D. of women