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JAIIB-PPB-RECOLLECTED QUESTIONS POSTED BY ANANDRAO JI


Friends, I am updating the re-collected questions posted by our Anandrao Ji. Wish you all the very best for your exam.

..................................................................................................

The no. of members in a SHG in SGSY in normal cases
Ans:-: 10-20
------------------------------------
Authorised capital is Rs.10 lac. Paid up capital Rs.6 lac. The loss of previous year is Rs.1 lac. Loss in current year is Rs.2 lac. The tangible networth is
Ans:- Rs.3 lac
------------------------------------
Net working capital is Rs.80000. Current ratio is 3:1. The current assets are :
Ans:- 120000
------------------------------------
CDR in case of SME account (which is not correct)

a. SME financed by any bank for any amount 
b.for corporate account, financing by one bank 
c. for corporate account from many banks for amount above Rs.10 lac 
d.None of the above

Ans:- C
------------------------------------
Right to retain goods is called 

a.Assignment
b.right of set of 
c. pledge
d. Lien

Ans:- Lien
------------------------------------
For obtaining loan against shares, the Charge on shares 
Ans:- Lien
------------------------------------
A director of the bank wants to raise loan from your bank against 

a. FDR of other bank 
b. share of same bank
c. surrender value of Life Policy. Loan can be given against
d. all the above

Ans:-: Surrender value of Life Policy.
------------------------------------
Bill of lading, Railway Receipt are negotiable instruments under 

a. NI Act 
b. Sec 3 of Transfer of Property Act 
c. Sec 137 of Transfer of Property Act
d. Sale of Goods act

Ans:- C
------------------------------------
Keeping goods in safe custody is as per provisions of 

a. NI Act 
b. Indian Partnership Act 
c. Indian Contract Act 
d. All the above

Ans:- C
------------------------------------
No dues certificate in case of agricultural advances is exempted up to a loan of:
Ans:- Rs.50000
------------------------------------
Liability of a coparcener in case of loan raised by HUF is :
Ans:- Restricted to his share in HUF property/assets
------------------------------------
In KYC guidelines, the small account where simple KYC is applicable are those account where the amount deposited in the account is restricted to

a. Rs.50000 
b. Rs.1 lac
c. Rs. 5 lac
d. all the above

Ans:- : Rs.1 lac
------------------------------------
In case of SMEs, the registration is mandatory in case of 

(a) medium enterprises in servicing 
(b) small manufacturing enterprises 
(c) manufacturing medium enterprises 

Ans:- C
------------------------------------
What is the maximum amount of loan for obtaining guarantee under CGTMSE of SIDBI :
Ans:-Rs.50 lac
------------------------------------
A company has been sanctioned cash credit-pledge limit. Internal auditor finds that charge has not been registered with Registrar of Companies in time. In how much time it is to be done :
Ans:- In case of pledge, not required.
------------------------------------
Loan system of credit delivery is not applicable in case of :
Ans:-Software industry
------------------------------------
To sell an NPA, the account must remain in the books of seller bank :
Ans:-for 24 months as NPA
------------------------------------
One of these is an indirect rate 

a. one $ = Rs. 39.56 
b. one pound = Rs. 89.56,
c. one yen = Rs. 0..30 
d. Rs.100 = $ 2.60 :

Ans:- D
------------------------------------
Which crossing is not recognized by NI Act 

a. Special 
b. payee’s account 
c. not negotiable 
d. all the above

Ans:-: B
------------------------------------
Which among the following can open an Resident Foreign Currency account 

a. NRI 
b. Resident 
c. Erstwhile NRI now resident 
d. none 

Ans: C
------------------------------------
As per Official language policy for B region, branch target to reply in Hindi letter received in Hindi is
Ans :- 100%
------------------------------------
Provision for standard accounts in direct agriculture and SME accounts is to be made at
Ans :- 0.25%
------------------------------------
Risk weight for bill purchased under LC, for capital adequacy purposes is
Ans :- 20%
------------------------------------
What is the right of nominee in case of term deposit that has not matured 
Ans :- To obtain premature payment and not raise loan against the security of such term deposit
------------------------------------
Preshipment credit is available in which type of letter of credit
Ans :- Red clause
------------------------------------
The quarterly financial results of companies and banks are to be declared / published under directions provided by
Ans :- SEBI
------------------------------------
RBI injects liquidity through
Ans :- Repo
------------------------------------
Collateral security in case of PMRY advances is exempt up to
Ans :- Loan of Rs.5 lac in case of industry projects per borrowal account and Rs.2 lac for business/servicing per borrower.
------------------------------------
What is full form of FRBM
Ans :- Fiscal Responsibility & Budget Management Act
------------------------------------
Relationship between bank and customer in case of goods left by mistake in custody of the bank
Ans :- Trustee & beneficiary
------------------------------------
Appeal against the award given by the Ombudsman can be made by the bank within _____ days of date of ____
Ans:- 30 days, receipt of acceptance from the customer.
------------------------------------
The format of cheque is prescribed in which Act
Ans:- It is only a practice.
------------------------------------
If a fraud takes place in a bank branch. Report is sent to the controlling office on form
Ans:-: FMR 1
------------------------------------
The amount in a cheque is written differently in words and figures and amount written in words is higher of the two :
Ans:- Amount written in words will be paid.
------------------------------------
While paying a bearer cheque, signatures are obtained on the back side of the cheque. Why ?
Ans:- As evidence of payment
------------------------------------
Bank note which is misprinted by RBI is replaced by issuing a ________ note
Ans:- Star series
------------------------------------
In CDR category-1, what type of loan accounts are eligible
Ans:- Standard & sub-standard.
------------------------------------
Sales / debtor ratio is called _____ ratio. It indicates ____ :
Ans:-Debtor-turnover, efficiency of collection of debtors.
------------------------------------
Current ratio indicates
Ans:- Capacity of a firm to meet its current liabilities.
------------------------------------
Conversion means
Ans:-: unauthorized intervention in the property of another person
------------------------------------
Priority sector target for foreign banks: 
Ans:-32% of ANBC
------------------------------------
NSC pledged with post office with nomination in favour of XYZ. Bank’s claim against these NSCs :
Ans:- Will have priority
------------------------------------
Legal status of nominee is that of a :
Ans:-Trustee for legal heirs
------------------------------------
Two Month, a minor admitted for benefits in a firm wants to withdraw from the firm on attaining majority. How much time is available to him to do so :
Ans:-6 months from date of majority or 6 months from date of information to him that he was admitted for benefits, whichever is later.
------------------------------------
Loan to minor can be given in the following case 
a. against DBD 
b. against LIC policy 
c. in the name of minor 
d. in the name of father
Ans:- in the name of father
------------------------------------
Who cannot be a partners
a. HUF 
b. illiterate 
c. Blind person 
d. company
Ans:-: HUF
------------------------------------
Money to be deposited by A in the account of B. A has informed that B has become insane :
Ans:- can be deposited with consent of the family members (i.e. guardian)
------------------------------------
Mortgagee enjoys the income of the mortgaged property in case of which mortgage :
Ans:-Usufructuary
------------------------------------
Hypothecation becomes pledge :
Ans:-when goods are given for possession to the bank, by the borrower.
------------------------------------
Which scheme has been abolished with introduction of senior citizen deposit scheme :
Ans:- Varishat Bima Pension Yojna
------------------------------------

 


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