JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-6

17/01/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-6

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. __________ is the process of stopping the flow of the physical cheque by the presenting bank en-route to the paying bank branch.
A. Transfer
B. Transaction
C. Transfusion
D. Truncation

2. Which of the following statements is false?
A. The electronic image of the ‘cheque truncation’ substitutes the physical cheque from the point and time of truncation onwards
B. The drawer/holder of a cheque can truncate a cheque.
C. The paper cheque, after truncation, is kept in the custody of the bank/clearing house that truncated the cheque.
D. The addition of the digital signature of the truncating bank/Clearing House to the electronic image of the cheque truncation is optional.

3. Cheques drawn on bank branches within the grid jurisdiction are cleared as local cheques on ______ basis.
A. T+2
B. T+3
C. T+1
D. T+5

4. Under CTS process _____ image(s) is/are to be taken of each cheque.
A. Two
B. One
C. Three
D. Four

5. RBI has introduced Positive Pay System for CTS with effect from _____
A. January 1, 2021
B. January 10, 2021
C. December 10, 2021
D. December 1, 2021

6. The Cash and Small Coin Balances must be kept in the Strong Room in the _______custody.
A. Branch Manger
B. Head Cashier
C. Joint of the Head Cashier and the Manager in charge
D. None of the above

7. Failing recovery on the same day, the amount of cash shortage should be debited to the _______ Account.
A. Sundry Deposit
B. Miscellaneous
C. Suspense
D. Customer’s

8. Which of the following statements is true in respect of cash replenishment at ATM?
A. The staff involved in cash transfers should be screened thoroughly and their photos and biometric prints taken.
B. Bin filling is normally done in the presence of at least two persons for security and accuracy in dealing with cash.
C. A User report is recorded and preserved. It records the time and date of opening the ATM.
D. All of the above

9. Which of the following statements is false in respect of branch layout?
A. The Branch Manager’s cabin should preferably be in a corner facilitating clear view of the entire banking hall, and near to the main entrance
B. Strong room/safe should be out of the public view.
C. The cashiers’ cabin should be close to entry/exit.
D. The branch should be in proximity to Police Station

10. Which of the following statements is false in respect of payment and Movement of Large/ Bulk Cash?
A. Payment of large amount should be made inside the strong room or enclosures, away from public view.
B. Information about major cash transactions should be known to only the concerned officials at the appropriate time.
C. There should be fixed routine in regard to route, time etc. in movement of cash
D. Confidentiality of movement of cash should be maintained all the time.

11. For every transaction involving _____or more pieces of counterfeit notes, a FIR on prescribed format along with the counterfeit notes is filed immediately by the Nodal Bank Officer with the local police authorities.
A. Two
B. Three
C. Four
D. Five

12. The onus of loss of cheque in transit lies with the ______
A. Collecting banker
B. Account holder
C. Paying banker
D. Clearing House