JAIIB Marathon May 2025 IE and IFS Quiz-2

03/05/2025

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JAIIB Marathon May 2025 IE and IFS Quiz-2

JAIIB CAIIB Course Quiz – May 2025: The JAIIB exam for May 2025, conducted by IIBF, is fast approaching. To support your preparation, we are providing regular MCQ-based quizzes specifically designed for the JAIIB CAIIB syllabus. These quizzes are structured module-wise and unit-wise to help you cover the entire syllabus systematically. Practicing these quizzes consistently will strengthen your concepts, improve accuracy, and increase your chances of clearing the exam on your first attempt.

Q.1 In _______________, the Government set up a committee under the chairmanship of Shri R N Malhotra, former Governor of RBI, to propose recommendations for reforms in the insurance sector. The objective was to complement the reforms initiated in the financial sector.
(a) 1991
(b) 1993
(c) 1995
(d) 1997

Q.2 Under section _____________ of the Insurance Act 1938, every insurer is obliged to reinsure with Indian reinsurer(s), a certain percentage of the sum insured, on each general insurance policy as specified by IRDA.
(a) 101A
(b) 102B
(c) 103C
(d) 101D

Q.3 Among the below mentioned how many times, at the minimum, does the Monetary Policy Committee meet in a year?
(a) 4
(b) 6
(c) 10
(d) 12

Q.4 _____________is the proportion of net demand and time liabilities that banks must maintain in high quality liquid assets, such as government securities, cash and gold.
(a) CRR
(b) SLR
(c) SCB
(d) MPD

Q.5 A State Government account can be in overdraft, for a maximum ____________ consecutive working days, within an overall limit of 36 days, in a quarter
(a) 7
(b) 10
(c) 14
(d) 21

Q.6 If a some person are controlling the economy of country City Centre and takes all the decisions which are only beneficial for them. Which type of economy is working in country City Centre?
(a) market Economy
(b) Socialistic Economy
(c) Command Economy
(d) Mixed economy

Q.7 During which period of business cycle the product capacity is fully utilized?
(a) Boom
(b) Recession
(c) Depression
(d) Recovery

Q.8 During which period of business cycle, the producer needs to reduce the volume of the product?
(a) Boom
(b) Recession
(c) Depression
(d) Recovery

Q.9 Among the given by which policies the total supply of money in the economy is increased?
(a) Expansionary policy
(b) Contractionary policy
(c) Market stabilization policy
(d) All of the above

Q.10 Which among the following scheme are launched by RBI for mopping up the liquidity?
(a) SLR scheme
(b) MLR scheme
(c) Market stabilization scheme
(d) CRR scheme

Q.11 Which among the following is the main theme of FRBM Act?
(a) Reducing the dependence of Government on borrowing
(b) Reducing the fiscal deficit
(c) Reducing the NPA
(d) Both a and b

Q.12 Which of the following is correct formula for finding the GNI at market price?
(a) Gross national Income at Market Price = GDP at Market Price + Taxes less subsidies on production and imports (net receivable from abroad) + Compensation of Employees (Net Receivables from abroad) + Property income (Net receivables from abroad)
(b) Gross national Income at Market Price = GDP at Market Price + Taxes less subsidies on production and imports (net receivable from abroad
(c) Gross national Income at Market Price = GDP at Market Price + Taxes less subsidies on production and imports (net receivable from abroad + Compensation of Employees (Net Receivables from abroad)
(d) Gross national Income at Market Price = GDP at Market Price + Compensation of Employees (Net Receivables from abroad) + Property income (Net receivables from abroad)

Q.13 The excess of total expenditure including loans, net of recoveries over revenue receipts (including external grants) and non- debt receipts is called as?
(a) Gross fiscal deficit
(b) Net fiscal deficit
(c) Net primary deficit
(d) Net tax revenue

Q.14 The LTRO was introduced by RBI in February 2020, among the below mentioned, which of the following is/are the objective of the above?
(a) To encourage banks to undertake maturity transformation smoothly and seamlessly, so as to augment credit flows to productive sectors
(b) To assure banks about the availability of durable liquidity, at reasonable cost, relative to prevailing market conditions.
(c) Both a and b
(d) None of the above

Q.15 Which of the following is incorrect for GVA ?
(a) GVA is the measure of the value of goods and services produced in an area, industry or sector of an economy – intermediate consumption over a specified period of time.
(b) GVA at basic prices = GDP at factor cost + product taxes – product subsidies.
(c) Basic price = Factor cost + Production taxes – Production subsidy
(d) Market price = Basic price + Product taxes – Product subsidy

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