JAIIB Exam 2025 – RBWM Important Questions MCQs Quiz-14

22/03/2025

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JAIIB Exam 2025 RBWM Important Questions MCQs Quiz-14

JAIIB Exam Quiz 2025: The JAIIB exam is scheduled for 2025 by IIBF. Here, we are providing JAIIB RBWM 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. In _________, the loan amount with interest is paid in a single payment at the end of the loan period.
a) Fixed instalment loan
b) Equated monthly instalment
c) Bullet payment
d) None of the above

2. Default in repayment in Credit Cards and Personal Loan segments is mainly due to_____
(a) Genuine Defaults due to reasons beyond the borrowers’ control.
(b) Wilful defaults where the default is intentional.
(c) Anyone of the above.
(d) Both the above.

3. Recovery of loans through Lok Adalats can be resorted to by banks upto a limit of _________
(a) ₹5 Lakh
(b) ₹10 Lakh
(c) ₹20 Lakh
(d) ₹25 Lakh

4. The terms and conditions for repossession as per the recovery policy should contain which provisions?
(a) Notice period before taking possession
(b) The procedure for taking possession of the security
(c) A provision regarding final chance to be given to the borrower for repayment of loan before the sale/auction of the property
(d) All the above

5. Under which conditions borrower is treated as wilful defaulter?
a) Default in repayment obligations to the lender even when the borrower has capacity to honour the obligations.
b) Default due to diversion of funds
c) Default due to siphoning off the funds
d) Defaulted and disposed off the movable fixed assets or immovable property given for the purpose of securing a term loan without the knowledge of the bank/lender
e) All of the above

6. The cut-off limit for invoking penal provision in respect of wilful defaulter/instances of siphoning/ diversion of funds is ____ or more.
a) ₹10 lakh
b) ₹20 lakh
c) ₹25 lakh
d) ₹50 lakh

7. An asset which has remained in doubtful category for more than 12 months and up to three years is categorized as _______.
a) Doubtful I
b) Doubtful II
c) Doubtful III
d) Doubtful IV

8. For enforcement of security interest, SARFAESI Act can be initiated only if the loan account satisfies the required conditions. Which statement is false regarding it?
a) Loan account must have been classified as NPA, backed by security.
b) Outstanding in the account including the interest accrued/applied should be more than Rs. one lakh.
c) Outstanding dues should be 10% or above of the principal and interest.
d) Secured asset should not be an agricultural land.

9. SARFAESI Act empowers the Secured Creditor to issue a Demand Notice under Section 13(2) to the defaulting borrowers calling upon them to discharge the dues in full within _______from the date of receipt of the notice.
a) 30 days
b) 45 days
c) 60 days
d) 90 days

10. Any person, if aggrieved by any order made by the DRT, can prefer an appeal to the Appellate Tribunal within _____days from the date of receipt of the order of DRT upon depositing _____ of the debt demanded by the bank or determined by the DRT whichever is less.
a) 30 days, 50%
b) 60 days, 25%
c) 45 days, 10%
d) 30 days, 20%