JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-8

20/01/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-8

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. FEMA act made the offences related to foreign exchange as _________.
A. civil offences
B. criminal offences
C. Major offences
D. Negligible

2. FEMA extends to whole of India except _______
A. Jammu and Kashmir
B. Nagaland
C. GIFT City
D. Goa

3. _____ are entities which are authorised by the RBI to carry out specified non-trade related current account transactions, all the activities permitted to Full Fledged Money Changers etc.
A. Authorised Dealer Category I
B. Authorised Dealer Category II
C. Authorised Dealer Category III
D. None of the above

4._______are entities which are authorised by the Reserve Bank to carry out specific foreign exchange transactions incidental to their business/ activities.
A. Authorised Dealer Category I
B. Authorised Dealer Category II
C. Authorised Dealer Category III
D. None of the above

5. _______ transactions alters the assets or liabilities outside India of persons resident in India.
A. Current account
B. Capital account
C. Monetary account
D. Non-monetary account

6. Which of the following transactions is included in current account transactions?
A. payments due as interest on loans and as net income from investments
B. remittances for living expenses of parents, spouse and children residing abroad
C. expenses in connection with foreign travel, education and medical care of parents etc
D. All of the above

7. FPI is any investment made by a person resident outside India in capital instruments where such investment is less than _____ of the post issue paid-up equity capital on a fully diluted basis of a listed Indian company.
A. 5%
B. 8%
C. 10%
D. 20%

8. Use of International Credit Cards (ICC) for payment in foreign exchange is not permitted in ______
A. Srilanka
B. Nepal
C. Maldives
D. Canada

9. Maximum amount permitted in a financial year (April to March) is ______ per head under LRS scheme.
A. USD 150,000
B. USD 200,000
C. USD 250,000
D. USD 500,000

10. Transactions expressly prohibited are mentioned under which schedule in relation to outward remittances?
A. Schedule I
B. Schedule II
C. Schedule III
D. None of the above