JAIIB Principles and Practices of Banking, Practice Questions Download PDF
We are providing the JAIIB Principles and Practices of Banking Practice Questions to guide your upcoming JAIIB Exam 2025. Equip yourself with the best strategy and study material. Check this article for the JAIIB Practice Question details.
Priyanka Dahima3 Jan, 2025
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JAIIB Principles and Practices of Banking: The JAIIB (Junior Associate of Indian Institute of Bankers) Examination for banking professionals includes a paper on Principles and Practices of Banking.
The Principles and Practices of Banking encompasses current and future banking and finance professionals, offering a wide-ranging yet significantly pertinent assortment of banking services, products, and operations. Understanding these is essential to operating as an effective professional. Here you will find the JAIIB Principles and Practices of Banking Practice Questions.JAIIB Principles and Practices of Banking
Take the JAIIB Principles and Practices of Banking Practice Questions which include questions accompanied by detailed explanations. An essential part of achieving success in the JAIIB Exam is to integrate the JAIIB Practice Questions 2025 into your study regimen. It offers you an in-depth insight into your degree of readiness. Furthermore, it will help you gauge how much work is required to clear the JAIIB Examination. PW has updated a variety of questions for the JAIIB practice test. A wealth of extra materials regarding your JAIIB preparation is available through the free account.JAIIB Principles and Practices of Banking Practice Questions
Q1. Which of the following statements accurately defines the term cash management? (A) It refers to improving the flow of funds. (B) It refers to the cash payout of funds. (C) It is the procedure for gathering and overseeing cash flows. (D) None of the above Ans: A Q2. Which of the following is true in the context of NPCI? 1) The National Payments Corporation of India (NPCI) was founded in December 2008. 2) 20 core promoter banks are currently associated with NPCI. 3) Both the Reserve Bank of India and the Indian Banks’ Association established the NPCI. 4) Retail payments are the primary focus of NPCI. (A) 1,3 and 4 (B) All are correct (C) Both 1 and 4 (D) Both 1 and 2 Ans: A Q3. The Foreign Exchange Management (Current Account Transactions) Rules, 2000 have categorised current account transactions into three categories. Which schedule includes transactions that are expressly prohibited? (A) Schedule I (B) Schedule II (C) Schedule III (D) None of the above Ans: A Q4. Who recommended the introduction of prudential norms for income recognition and asset classification in the Indian banking system? (A) Committee on the Financial System Chaired by Shri M. Narasimham. (B) Committee on the Financial System Chaired by Shri C. Rangarajan. (C) Committee on the Financial System Chaired by Shri S.S Tarapore (D) Committee on the Financial System Chaired by Shri Y.V Reddy. Ans: A Q5. Who among the following is responsible for licensing card issuers and facilitating the settlement services for card issuers and merchant acquirers? (A) Card issuers acting under regulatory compliance (B) Credit card associations in conjunction with international financial institutions (C) Merchants affiliated with a specific card issuer (D) Merchant acquirers in partnership with regulatory bodies Ans: B Q6. Non-Banking Financial Companies (NBFCs) in India rely on various sources of finance to carry out their operations. Among the following, _______ is a short-term borrowing instrument often utilized by NBFCs to meet immediate funding needs. Meanwhile, _______ is a longer-term debt security that may be used to finance more substantial or long-term requirements. (A) Commercial Paper, Debentures (B) Term Loans, Equities (C) Debentures, Treasury Bills (D) Equities, Treasury Bills Ans: B Q7. ECS/NEFT/RTGS/CTS/IMPS/UPI/NACH are some of the electronic clearing systems in India which are also called SIFMIs. Expand SIFMI correctly. (A) Systematically important financial money infrastructures. (B) Systematically crucial financial market infrastructures (C) Systematically important financial market infrastructures (D) Systematically important financial money investments Ans: C Q8. Adish, a manufacturer of electronic gadgets, received a notice from the Central Consumer Protection Authority (CCPA) to recall a batch of smartphones due to a potential safety issue. The CCPA issued this directive after receiving several complaints from consumers about the safety of these devices. What are the potential consequences for Adish, the manufacturer, if he fails to comply with the CCPA's recall directive for the smartphones? (A) Adish may face imprisonment for up to two years or a fine of up to Rs. 50 lakh or both. (B) Adish may face imprisonment for up to one year or a fine of up to Rs. 10 lakh or both. (C) Adish may face imprisonment for up to one year or a fine of up to Rs. 50 lakh or both. (D) Adish may face imprisonment for up to six months or a fine of up to Rs. 20 lakh or both. Ans: D Q9. Which of the following is the nodal agency for the procurement of Oilseeds and pulses? (A) FCI (B) NAFED (C) OSHEE (D) NABARD Ans: B Q10. RBI has permitted banks to establish ‘Ultra Small Branches' in rural centres from which BCs may operate. They should be managed by: (A) Self Help Groups (B) Full-time bank officers (C) Business correspondents (D) Village knowledge Centres Ans: BJAIIB Principles and Practices of Banking Practice Questions PDF
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Ans. This JAIIB Principles and Practices of Banking Practice Questions focuses on the key modules and topics included in the JAIIB Principles and Practices of Banking, helping candidates understand the essential concepts and prepare effectively.
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