JAIIB Exam 2025 – RBWM Important Questions MCQs Quiz-7

25/02/2025

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JAIIB Exam 2025 RBWM Important Questions MCQs Quiz-8

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. What are the triggers for the Credit Risk”?
(i) Change in market prices
(ii) Processing failures and frauds
(iii) Customer fails to pay
(a) Only iii
(b) Only ii
(c) Both i & iii
(d) None of the above

2. Credit score value ranges from _____ to _____.
(a) 400 to 900
(b) 400 to 800
(c) 700 to 1000
(d) 300 to 900

3. Credit Information Companies (CICs) typically build scores using which historical data file?
(a) Previous searches/inquiries
(b) Defaults on previous credit transactions
(c) Payment behavior/ Payment history
(d) All of these

4. What is the indicator of good credit score?
(a) Craving for credit
(b) Several new accounts
(c) Long credit history
(d) Inconsistent payments

5. What is the warning sign in credit score?
(a) financial disciple
(b) Default due to uncontrollable reasons
(c) Long credit history
(d) Large no. of unsecured loans

6. Which of the following is not a Credit Information Company that has been granted Certificate of Registration by RBI?
a) Credit Information Bureau (India) Limited
b) Equifax Credit Information Services Private Limited
c) Investment Information and Credit Rating Agency
d) CRIF High Mark Credit Information Services Private Limited

7. Under Section _____of the Credit Information Companies (Regulation) Act, 2005 (CICRA), every Credit Institution shall become member of at least one CIC.
(a) Section 14
(b) Section 17
(c) Section 15
(d) Section 12

8. The most common mistakes in credit score will be due to _________.
(i) Confusion of names
(ii) Human Input Error
(iii) Identity Theft
(a) (i) only
(b) (i) & (ii) only
(c) (ii) & (iii) only
(d) (i), (ii) & (iii) above

9. What are the advantages of good credit score?
a) Easy availability of loans.
b) Quick processing of loan and credit card applications
c) Ability to negotiate interest rates
d) All of the above

10. Which factors can lead to negative credit score?
a) Cheque bounces
b) Default as a guarantor
c) Multiple applications for unsecured loan getting rejected
d) All of the above