Professional Documents
Culture Documents
JAIIB Genius Week 16 2023
JAIIB Genius Week 16 2023
Genius
Weekly Quiz Book
Week - 16
As per JAIIB 2023 Syllabus
Free PDF
2. The bank that makes payment to the beneficiary on receipt of documents as per terms
of Letter of Credit is...
a. Advising Bank
b. Negotiating Bank
c. Confirming Bank
d. Opening Bank
Ans - b
3. Equity shares are issued on redemption of bond to the holder of ...... bond.
a. Coupon
b. Convertible
c. Preference
d. Zero Coupon
Ans - b
5. The deposit of cash under CRR requirement with RBI is ...... requirement.
a. Voluntary
b. Discretionary
c. Mandatory
d. None of the above
Ans - c
d. Three
Ans - a
7. In the recent years, important of marketing has increased due to ...
a. Availability of information to customer
b. Target and customised communications and offerings
c. Consumer has wider choices
d. All the above
Ans - d
8. In a book built issue allocation, RIIs, NIIs and QIBs are in the ratio of
a. 30:20:50
b. 35:50:15
c. 35:15:50
d. 30:50:20
Ans - c
3. What is the time period under SARFAESI Act for replying the borrower, in case he raises
an objection for possession of the asset:
a. 60 days
b. 30 days
c. 7 days
d. 3 days
Ans - c
4. Govt. Securities are called gilt-edge securities because ...... (i) these securities carry
fixed interest rate, (ii) they are easily realizable, (iii) their prices generally do not fluctuate
adversely
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
7. Some banks are using mobile ...... mounted on trucks to offer regular cash withdrawal
like pension payments at remote areas.
a. Cheque Dispenser Machines
b. ATMs
c. Cash Dispenser Machines
d. Both a and b
Ans - c
8. Smart card ...... (i) has an integrated circuit with micrprocessor chip embedded in it so
that it
could perform calculations, maintain records and act as electronic purse, (ii) has built in
facility
for protection against fraudulent operations, (iii) can either be rechargeable or
exchangeable
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
9. Which of the following is the advantage of bancassurance business to banks (which one
cannot
be included)? (i) improved customer retention and overall customer satisfaction, (ii)
higher
employee productivity, (iii) means of earning risk free non-interest income
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
10. Phone are sophisticated electronic devices that can deliver E-mail, their focus away
from the domestic market to the ......
a. Ordinary
b. Intelligent
c. Smart
d. Both a and b
Ans - c
JAIIB Genius Week-16 Free e-book
2. A firm finds that during the last month of the year an amount of Rs.3500 received as
cash from XYZ has been posted as Rs.5300 to their account. The entry will be rectified ......
a. No journal entry if the correction is to be made before trial balance
b. Debit XYZ account and credit suspense account if trial balance has been made
c. Debit XYZ account and credit suspense account if trial balance has been made
d. All the above
Ans - d
3. A company came out with a public issue of 2 lac shares of rs.10 each payable as
application money @ Rs.3 and allotment money @ Rs.3. Final call amount has also been
called which hasnot been received on 4000 shares. What would be amount of calls in
arrears?
a. Rs.16000
b. Rs.18000
c. Rs.24000
d. Rs.40000
Ans - a
5. The comparison between bank pass book and cash book shows that bank debited a
cheque of Rs.3000 to firm’s account while the cheque related to some other firm’s
account. A cheque of rs.2000 deposited with the bank has not been credited so far. The
balance in firm’s overdraft account as per cash book is Rs.40000. The balance in the pass
book would be Rs. ......
a. 45000
b. 41000
c. 39000
d. 35000
Ans - a
(a) Credit balance of the pass book means it is a deposit account (b) credit balance of the
cash book means it is and overdraft account (c) debit balance of the pass book means it is
an overdraft account (d) debit balance of the cash book means it is an overdraft account:
a. A to d are correct
b. A to c only correct
c. A, c and d only correct
d. B to c only correct
Ans - b
7. Machinery account has been showing balance of Rs.2.70 lac. An entry of Rs.0.30 Lac is
made on right side of this account. This will ...... (increase / decrease ) the balance which
would be Rs. ......
a. Decrease, Rs.3.00 lac
b. Increase, Rs.3.00 lac
c. Decrease, Rs.2.40 lac
d. Increase, Rs.2.40 lac
Ans - c
8. The balance of cash book and the balance as per pass book of the bank are required to
be reconciled because of which of the following reasons (which is not true)
a. Some entries are recorded in the pass book first and cash book later on
b. Some entries are recorded in the pass book later and cash book first
c. Some entries are recorded either in the pass book or the cash book with delay
d. Some entries are recorded in both the books, before date of reconciliation
Ans - d
9. A truck cost Rs 1,05,000 with a residual value of Rs. 1,00,000. it has an estimated useful
life of 5 years. If the truck was bought on July 9, what would be the book value at the end
of year 1?
a. Rs. 1,00,000
b. Rs. 85,000
c. Rs. 80,000
d. Rs. 25,000
Ans - a
10. A sum of Rs. 25,400 is lent out into two parts, one at 12% p.a. and the other at 12.5%
p.a. If the total annual income from interest is Rs. 3116. the money lent at 12% is......
a. Rs. 10,000
b. Rs. 11,800
c. Rs. 12,400
d. Rs. 13,400
Ans - b
JAIIB Genius Week-16 Free e-book
1. Mis-selling retail loans by a DSA (Direct Selling Agent) and the resultant dissatisfaction of the
customer results in ...... risk for the bank.
a. credit
b. liquidity
c. operational
d. reputation
Ans – d
6. Which is one of the pioneers in introducing consumer banking models with hybrid liability and
asset products specifically targeted at the personal segment?
a. Andhra Bank
b. Standard Chartered Bank
c. State Bank of India
d. Bank of Baroda
JAIIB Genius Week-16 Free e-book
Ans – b
7. Suppose you went to a restaurant and order a hamburger. The cashier / waiter ask you, "Do
you want fries with that?" In this case, you are being ......
a. cross selled
b. up selled
c. down selled
d. side selled
Ans – b
9. The customer information is centralized and the functionality is provided across all products in
_____.
a. Horizontally organized model
b. Vertically organized mode
c. Predominantly Horizontally organized model
d. Predominantly Vertically organized model
Ans – b
Join
JAIIB/ CAIIB Online Course
Enroll Now
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