Check Your Progress JAIIB - 01

Q1. Partners are mutual agents. It applies to sleeping or secret partners also. The right of other partners –

A.      Can be restricted and entrusted to one partner

B.      Can’t be restricted and not be entrusted to one partner

C.      Can be enjoyed jointly

D.      Can be enjoyed severally

Q2. Name any e-banking services,  which is based on voice processing facility-

A.      Anytime Banking

B.      Tele-banking

C.      Anywhere banking

D.      Online banking

Q3. Non-Performing Assets are those assets which are overdue for a period of more than-

A.      90 days in interest and/or installment in term loan

B.      90 day out of order in case of overdraft/cash credit , Bill purchase and bill discounted

C.      2 harvest seasons for advances for cultivation of short duration crops

D.      All of above

Q4. When Co-operative banks are functioning in more than one state, then they are governed by

A.      Multi State Co-operative Societies Act, 1984

B.      Multi Units Co-operative Societies Act   

C.      Multi State Co-operative Societies Act, 2002

D.      Banking Laws (Application to Co-operative Societies) Act, 1965

Q5. Banking regulation Act, 1949 deals with

A.      The regulation of banking companies

B.      The control over the management of banking companies

C.      Suspension and winding of banking companies

D.      All of above

Q6. There is no need to give notice to customer, of bank’s intention to exercise

A.      Right of set-off

B.      Right to sell the pledged goods

C.      Banker’s lien

D.      Contingent contracts

Q7. Under what circumstances can the bank close a partnership account –

A.      Death of partners

B.      Retirement of a partner

C.      Insolvency of a partner

D.      All the above

Q8. Power of attorney is a stamped document and generally executed in the presence of

A.      A Notary Public

B.      A Magistrate of a Court

C.      An Authorized Government officials

D.      All of these

Q9. Large scale computer network spread over the sizable geographic area is –

A.      Local Area Network

B.      Wide Area Network

C.      Topology

D.      RDBMS

Q10. Following are the feature of Mobile Banking  

A.      Encryption with 128 bit

B.      Open internet technology

C.      Dependent on any specific service provider

D.      Both A and B

kindly go through out the all question and choose the correct answer, We provide the Answer of these in next series.

for more question visit our page Mock Test JAIIB/CAIIB

Thanks...!!!