
JAIIB AFM Important Questions Module C MCQs: JAIIB stands for Junior Associate of the Indian Institute of Bankers, one of the flagships. It is a survey conducted twice a year by IIBF (Indian Institute of Banking and Finance). The main objective of the JAIIB exam is to provide IIBF members with the advanced knowledge needed to make better decisions, including risk management, asset management, credit management, international banking, balance sheet management, financial analysis, etc. For banking professionals, we have provided JAIIB AFM MCQs 2024 Module C Questions.
Q1. Under which act, does the RBI have the obligation to undertake the receipts and payments of the Central Government?
A. RBI Act, 1934 B. Banking Regulation Act, 1949 C. Finance Act, 1950 D. None of the above Ans: A. RBI Act, 1934Q2. Which of the following is an advantage of public-private partnership (PPPs) for infrastructure development?
A. Greater accountability and transparency B. Reduced risk for private investors C. Lower cost of capital for the Government` D. Greater control over project timelines Ans: B. Reduced risk for private investorsQ3. Which of the following statements is true regarding the Banking Regulation Act, 1949?
A. It defines the powers and functions of the Reserve Bank of India (RBI). B. It regulates the functioning of cooperative banks and regional rural banks C. It prohibits the RBI from issuing licenses to new banks. D. It was amended in 2020 to allow the RBI to supersede the board of directors of a bank and appoint an administrator. Ans: D. It was amended in 2020 to allow the RBI to supersede the board of directors of a bank and appoint an administrator.Q4. Who is the founder of the Grameen Bank Model?
A. Dr. Muhammad Yunus B. Amartya Sen C. Mahbub ul Haq D. None of the above Ans: A. Dr. Muhammad YunusQ5. What is the minimum net owned funds required for an NBFC to be classified as a systematically important NBFC (NBFC-SI)?
A. Rs. 25 Crore B. Rs. 50 Crore C. Rs. 100 Crore D. Rs. 500 Crore Ans: B. Rs. 50 CroreQ6. Which of the following statement is true about deposit taking NBFCs.
A. NBFC can accept deposit min period 12 months and max period 60 months B. The repayment of deposit by NBFC is not guaranteed by RBI C. NBFC can not offer gift/incentives to the depositors D. All of the above Ans: D. All of the aboveQ7. Consider the following statement and select the incorrect statement.
A. All NBFC are required to be registered with RBI B. NBFC can not issue cheques C. NBFCs are required to comply Basel Norms D. All are correct Ans: A. All NBFC are required to be registered with RBIQ8. Which type of bank did the Narsimham Committee Report II (1998) recommend opening in India?
A. Regional Rural Banks B. Private Banks C. Corporate Banks D. Payment Banks Ans: B. Private Banks https://www.youtube.com/watch?v=YEgS8dEBOy4 .