JAIIB Exam 2025 – PPB Important Questions MCQs Quiz-9

21/01/2025

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JAIIB Exam 2025 PPB Important Questions MCQs Quiz-9

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. The resident PoA holder is not allowed to____
A. open a NRE account
B. repatriate outside India funds in the account except to the NRI account holder
C. transfer funds to another NRE account
D. All of the above

2. Minimum tenor of NRE TDs is ______
A. one year
B. two years
C. six months
D. seven days

3. FCNR Account can be maintained in form of __________.
A. Term deposit
B. Recurring deposit
C. None of the above
D. Both A and B

4. The deposit in NRO account is repatriable upto a limit of _______ per financial year.
A. USD 5 million
B. USD 2 million
C. USD 1 million
D. USD 3 million

5. Nationals of and entities incorporated in ______ need prior RBI approval to open SNRR account.
A. Pakistan
B. Bangladesh
C. Both the above
D. None of these

6. For which of the following purpose SNRR account can be opened?
A. Investments in India
B. Export and Import of goods and services
C. Trade credit transactions and lending under External Commercial Borrowings.
D. All of the above

7. Which of the following statement is false in respect of SNRR account?
A.Transfers from NRO account to SNRR account are permitted.
B.No interest should be paid.
C.The balances in the account can be repatriated.
D.All transactions are subject to payment of applicable taxes in India

8. Ceilings on investments of NRI individual in an Indian Company is _____ of the total paid-up equity capital (on a fully diluted basis).
A.5%
B.10%
C.15%
D.20%

9. NRI can jointly held NRO account with resident individual on ____ basis.
A. Jointly
B. Either or survivor
C. Former or survivor
D. None of the above

10. Citizens of ____ can transfer immovable property in India without prior permission of the RBI.
A. Nepal
B. Macau
C. China
D. Japan