JAIIB PPB Most Expected Questions Part 2 | RBI Act, Letter of Credit, ATM & MCQs Practice

JAIIB PPB Most Expected Questions Part - 2 focuses on key banking concepts such as RBI Act provisions, demand draft rules, locker security measures, CCTV recording guidelines, nomination facilities, and trade finance through letter of credit. 

It also includes topics like interest subvention schemes, brown label ATMs, ethical decision-making approaches, credit card eligibility norms, and data warehouse systems. These concepts are explained through MCQ-based practice to strengthen understanding and improve exam readiness.

The set of questions helps learners revise important regulatory and operational banking areas with clarity. By practicing application-based MCQs, candidates can improve conceptual accuracy and recall important rules like locker rent security, nomination laws, and ATM operations. Overall, it enhances problem-solving ability and boosts confidence for JAIIB PPB exams.

JAIIB PPB Most Expected Questions Part 2

JAIIB PPB Most Expected Questions Part - 2 covers important banking concepts frequently asked in exams, including RBI Act provisions related to demand drafts, locker safety rules, CCTV recording requirements, and nomination facilities under banking regulations. 

It also explains letter of credit benefits in trade finance, interest subvention schemes for crop loans, brown label ATM operations, ethical decision-making approaches, credit card eligibility for private banks, and data warehouse concepts. 

Through MCQ-based practice and clear explanations, it strengthens conceptual clarity and exam preparation.

Example of JAIIB PPB Most Asked Questions 

Q1. A demand draft cannot be payable to bearer as it violates which section of RBI Act, 1934?

A) Section 29
B) Section 31
C) Section 45
D) Section 56

Answer: B) Section 31

Q2. To safeguard against non-payment of locker rent, what does the bank take from locker hirer?

A) Cash security
B) Insurance policy
C) Term deposit of 3 years rent
D) Fixed deposit of 5 years

Answer: C) Term deposit of 3 years rent

Q3. As per RBI guidelines discussed, CCTV footage of strong room entry and exit must be preserved for minimum:

A) 90 days
B) 120 days
C) 180 days
D) 365 days

Answer: C) 180 days

Q4. Sections 45ZC to 45ZF of Banking Regulation Act deal with:

A) Loan recovery
B) KYC norms
C) Nomination facility in locker service
D) Credit card issuance

Answer: C) Nomination facility in locker service

Q5. What is the main advantage of Letter of Credit for the seller?

A) Advance payment guaranteed
B) Immediate shipment without documents
C) On shipment, seller can draw bills and get immediate payment
D) No need of shipping goods

Answer: C) On shipment, seller can draw bills and get immediate payment

Q6. Maximum principal amount covered under Interest Subvention Scheme for crop loan is:

A) ₹2 lakh
B) ₹2.4 lakh
C) ₹3 lakh
D) ₹5 lakh

Answer: C) ₹3 lakh

Q7. Which statement is INCORRECT regarding Brown Label ATM?

A) Sponsored bank handles cash management
B) Sponsored bank handles hardware maintenance and connectivity
C) Service provider owns hardware
D) ATM is leased to bank by service provider

Answer: B) Sponsored bank handles hardware maintenance and connectivity

Q8. Which approach is used to resolve ethical dilemmas?

A) Profit-based thinking
B) End result-based thinking only
C) Care-based thinking
D) Market-based thinking

Answer: C) Care-based thinking

Q9. Minimum net worth required for a private bank to issue credit cards is:

A) ₹50 crore
B) ₹100 crore
C) ₹150 crore
D) ₹200 crore

Answer: B) ₹100 crore

Q10. Which statement is incorrect regarding Data Warehouse?

A) It is more suited for OLTP environment
B) Used for analytical purposes
C) Supports query-based analysis
D) Used in banking CBS systems

Answer: A) It is more suited for OLTP environment

These MCQs help you revise key JAIIB PPB concepts in a structured and exam-focused way.
Regular practice improves your accuracy, concept clarity, and confidence for the final exam.