The JAIIB

Genius
Weekly Quiz Book

Week - 30
As per JAIIB 2023 Syllabus

Free PDF

Covers Questions On IE&IFS, PPB, AFM, RBWM

JAIIB Genius Week-30 Free e-book

JAIIB Genius Week -30

Now Following JAIIB 2023 Exam Pattern

Indian Economy and Indian Financial System:

1. In which of the following circumstance, the banker customer relationship does not
come to an end?
a. Death of the customer
b. Insolvency of the customer
c. Insanity of the customer
d. Receipt of garnishee order which has been satisfied by payment
Ans - d

2. Who controls appointments, reappointments, termination of Chairmen and CEOs of

private banks?
a. Finance Minister
b. RBI
c. Governor of RBI directly
d. Ministry of Finance
Ans - d

3. Innovation means ...... (i) Product Designing, (ii) New ideas, (iii) Impulse
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - a

4. Where a minor is admitted for benefit, in an existing firm

(a) he has the authority to become partner on attaining majority
(b) he has the right not to become partner on attaining majority
(c) if he remains silent regarding whether to be partner of not to be, he is deemed to have
not become partner
(d) if he chooses to be a partner his liability begins from date of his becoming full-fledged
partners
a. a, c and d are correct
b. a, b and d are correct
c. Only a and b are correct
d. Only a and c are correct
Ans - c

5. If done through ...... the rural marketing would be more effective

a. fairs
b. village fairs
c. door to door campaign
JAIIB Genius Week-30 Free e-book

d. All of these
Ans - b

6. A good definition of ...... would be that it consists of direct connections with carefully
targeted individual consumers to both obtain an immediate response and cultivate lasting
customer relationships
a. advertising
b. direct marketing
c. sales promotion
d. public relations
Ans - b

7. Customization means ......

a. acquiring more customers
b. regulating customers
c. special products to suit each customer
d. more products per customer
Ans - c

8. Modern style of marketing include ......

(i) digital marketing,
(ii) tele‐marketing,
(iii) e‐commerce
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d

9. Social marketing is ......

a. share market prices
b. marketing by the entire society
c. internet marketing
d. marketing for the social cause
Ans - d

10. The target group of the SME loans is ......

a. All businessmen
b. All professionals
c. All SSIs
d. All of the above
Ans - c
JAIIB Genius Week-30 Free e-book

Principles and Practices of Banking:

1. The system of marketing information is ...... that pertains to marketing

a. The structure of people, equipment and procedures for generation and processing of
Information
b. The software used for collection of information
c. The computer hardware which is used for handling database
d. The set of inputs to collate the information
Ans - a

2. Planned-cost service means ......

a. Costly products
b. Extra profit on the same cost
c. Extra work by seller
d. All of these
Ans - b

3. Single credit and multiple debits, is the process, in respect of which of the following?
a. RTGS
b. NEFT
c. ECS-Debit
d. ECS-Credit
Ans - c

4. Federal reserve Board is the regulator of banking system in ......

a. India
b. Europe
c. United States
d. Britain
Ans - c

5. The net asset value of a mutual fund investment is calculated as under ......
a. (market value of the securities / no. of units on a particular day) – the scheme expenses
b. Market value of the securities less the scheme expenses / no. of units on a particular day
c. Market value of the securities / no. of units on a particular day
d. Market value of the securities plus the scheme expenses / no. of units on a particular day
Ans - b

6. To install White Label ATMs, the Non-bank entities must have net worth of at least Rs.
...... crore as per the last audited balance sheet
a. Rs. 50 cr
b. Rs. 100 cr
c. Rs. 300 cr
d. Rs. 500 cr
JAIIB Genius Week-30 Free e-book

Ans - b

7. A cheque drawn by a customer is presented for payment after a Garnishee order has
been served on the account, the cheque will be returned with the reason ......
a. Account garnished
b. Account attached by the court
c. Operations on the account stopped by the court
d. Garnishee order received
Ans - d

8. In case of dishonor of cheques, if the action is initiated against the drawer u/s 138 NI
Act, the service of summons can be by way of
(a) normal postal procedure
(b) courier approved by the court
(c) speed post
(d) e-Mail.
a. a and b only
b. b and c only
c. a, b and c only
d. a to d all
Ans - c

9. Which among the following relationship of bank and customer is not properly matched?
a. Lockers - lesser & lessee
b. Standing Instruction - agent & principal
c. Assignment – Assignor and assignee
d. Loan account - creditor and debtor
Ans - c

10. A bank has possession of certain securities of the customer. Which of the following
relationships in the context is not correct?
a. To secure a loan- creditor and debtor
b. To collect interest on securities- agent and principal
c. Left by mistake- bailee and bailer
d. Given for safe custody – bailee and bailor
Ans - c
JAIIB Genius Week-30 Free e-book

Accounting and Financial Management for Bankers:

1. Which of the following investment rules does not use the time value of the money
concept?
a. The payback period
b. Internal rate of return
c. Net present value
d. All of the above use the time value concept
Ans - a

2. Discount on issue of shares is a ...

a. Revenue loss
b. Capital loss
c. Deferred revenue expenditure.
d. Revenue and capital loss both
Ans - b

3. The main object of permitting the company to issue non-voting equity shares is ...
a. To give higher dividend
b. To give preference on re-payment
c. To raise resources without losing management control
d. All of the above
Ans - c

4. ......is the value of an established business over the above the value represented by its
tangible assets.
a. Goodwill
b. Liabilities
c. Losses
d. All of the above
Ans – a

5. Cost of Car is Rs. 300,000, Depreciation rate is 10% on WDV. What is the book value of
car after 3 years ?
a. 210,000
b. 220,00
c. 214,300
d. 218,700
Ans – d

6. Which one is also called as "Liquidity Ratios"?

a. Profitability Ratios
b. Turnover Ratios
c. Short-term Solvency Ratios
d. Long-term Solvency Ratios
Ans - c
JAIIB Genius Week-30 Free e-book

7. Which one is not the uses of Accounting Ratios?

a. Facilitate Inter-Firm comparison
b. Facilitate Intra-Firm comparison
c. Help in Planning
d. None of these
Ans - d

8. "Return on Investment" is also called as

a. Overall Profitability Ratio
b. Earnings per Share
c. Gross Profit Ratio
d. Net Profit Ratio
Ans - a

9. Current Ratio = 1.2 : 1.

Total of balance sheet being Rs.22 Lac.
The amount of Fixed Assets + Non Current Assets is Rs. 10 Lac.
What would be the Current Liabilities?
a. 10 Lacs
b. 12 Lacs
c. 16 Lacs
d. 22 Lacs
Ans - a

10. Depreciation is a process of:

a. Valuation.
b. Allocation.
c. Both valuation and allocation.
d. None of these.
Ans – b
JAIIB Genius Week-30 Free e-book

Retail Banking and Wealth Management

1. Claims with regard to Deceased depositors should be settled within a period of

a. 10 days
b. 15 days
c. 15 days from receipt of claim
d. C & production of proof of death and other documents to banks satisfaction
Ans - d

2. Which of the following is a direct channel but not a remote channel?

a. ATM
b. Branch
c. Mobile Banking
d. Internet Banking
Ans - b

3. Recovery Officer of Debt Recovery Tribunal …… be a judicial Officer

a. need
b. need not
c. either a or b
d. none of the above
Ans – b

4. EFMA conducted a study on global Retail Banking market covering …… Banks.

a. 132
b. 142
c. 152
d. 162
Ans – b

5. This is an important phase in the origination cycle as decisions made here affect the
health of the portfolio.
a. Credit appraisal and sanction
b. Disbursement.
c. FOLLOW UP AND RECOVERY
d. None of the above
Ans – a

6. Service charges under Priority sector lending are exempted for loans upto:
a. 10000/-
b. Rs 15000/-
c. Rs 25000/-
d. Rs 50000/-
Ans – c
JAIIB Genius Week-30 Free e-book

7. What is correct about Khadi village Industries loans under MSE in Priority sector?
a. All loans to KVI sector in rural areas only to be treated as micro.
b. All loans only in population upto 50000 as per planning commission,
c. All loans sanctioned to units in the KVI sector, irrespective of their size of operations,
location and amount of original investment in plant and machinery. Such loans will be
eligible for classification under the sub‐target of 60 percent prescribed for microenterprises
within the micro and small enterprises segment under priority sector.
d. All loans to KVI sector in rural & semi urban but maximum upto 5 crores
Ans – c

8. What is correct about rate of interest under DRI scheme?

a. 5% below base rate
b. 7% simple
c. to be decided by Govt of India presently 6%
d. 4% simple
Ans – d

9. Which of following is true about overdrafts to no frills to be treated as priority sector?

a. Overdrafts to No frills account upto maximum 25000/‐
b. Overdrafts to No frills account upto maximum 25000/‐but within rural areas only.
c. Overdrafts to No frills account upto maximum 50000/‐in rural & semi urban areas.
d. Overdraft upto 50000/‐ per account granted in no frills account/basic banking saving
account
Ans – d

10. provided borrowers threshold income limit do not exceed 60000/‐in rural and
120000/‐ in non rural areas. BCSBI codes are ……
a. issued by GOI
b. Voluntary codes
c. Codes given by customers
d. voluntary codes by bankers
Ans – d
 For More
JAIIB/ CAIIB Free PDFs
Register Now

Join
JAIIB/ CAIIB Online Course
Enroll Now

Learn From India’s Top Faculty

Siva Rama Prasad Sir Himanshu Sharma Sir Shubhi Ma’am Rajeev Mishra
EX-GM, SBI PO JAIIB & CAIIB Expert JAIIB & CAIIB Expert JAIIB & CAIIB Expert
Experience: 36+ Year 9+ Years of 4+ Years of 13+ Years of
Experience Experience Experience

www.oliveboard.in