Answer Key of JAIIB-02

Lets check your progress with these Answer key for our JAIIB-02

Question No	Answer
1	C.      Excess cash/liquidity position
2	B.      NABARD
3	A.      Banking sector
4	D.      All the above
5	C.      Acquirer bank
6	A.      Assignment
7	D.      Assignment
8	B.      Not Transferred
9	D.      Cash Credit against Pledge of book debts
10	C.      Usufructuary mortgage

Also read - Check Your Progress JAIIB-01

for more question visit our page Mock Mock Test JAIIB/CAIIB

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Baroda mPassbook

Baroda mPassbook is a mobile application for mobile device for Bank of Baroda customers, in which we can see all the account statement including saving, current, recurring and overdraft account that is links to the same mobile number. Whenever we open the application, it synchronizes and updates all the latest transduction of account link with it on your handset.

So you can see you statement without going to branch and save the time and prevent yourself from rush.

The main feature of Baroda mPassbook :
1. Show the latest transaction.
2. Balance inquiry of all account
3. Account info
4. Locate ATM
5. Expense Manager
6. Digital Passbook

For this, you have to installed the "Baroda mPassbook"  from google play store with following the below step:

Step 1
Open the google play store in your mobile device

Step 2
write the - baroda mpassbook

Step 3
download the Bob mPassbook and after download completed, open this

Step 4
Select your language

Step 5
enter your mobile number registered with Bank of Baroda
(OTP will be sent to your mobile number)

Step 6
Create your password and enjoy

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Check Your Progress JAIIB-02

Q1. The ability of a commercial bank to increase its loans and investment depends on its:

A.      Holding of Government securities

B.      Profitability

C.      Excess cash/liquidity position

D.      Outstanding loans and investments

Q2. Who manages the Rural Infrastructure Development Fund (RIDF)

A.      RBI

B.      NABARD

C.      Rural Development Ministry

D.      SIDBI

Q3. Basel II norm are associated with –

A.      Banking sector

B.      Insurance sector

C.      Share markets

D.      All of the above

Q4. Disadvantages to Credit Card holders include:

A.      Over spending ending in Debt Trap

B.      Frauds due to loss or theft of cards

C.      Forged signature

D.      All the above

Q5. The bank which pays the merchant for the transaction is called as

A.      Issuer bank

B.      Clearance bank

C.      Acquirer bank

D.      None of the above

Q6. The nature of charge created on the intangible securities like ‘accounts receivable’ is

A.      Assignment

B.      Mortgage

C.      Lien

D.      None of the above

Q7. Banks advance loans against the security of assets and the nature of charge created while doing so is

A.      Pledge

B.      Hypothecation

C.      Mortgage

D.      Assignment

Q8. In the case of pledge and hypothecation, the title in the goods is………..to the bank making in advance:

A.      Transferred

B.      Not Transferred

C.      Both

D.      None

Q9. Bank finance Book Debts by –

A.      Factoring

B.      Forfaiting

C.      Overdraft and Cash Credit against Hypothecation of book debts

D.      Cash Credit against Pledge of book debts

 Q10. The possession of the mortgage property is normally given to the mortgage in case of –

A.      Simple mortgage

B.      English mortgage

C.      Usufructuary mortgage

D.      None of above

We provide answer in our next post.

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Answer Key Check Your Progress JAIIB-01

Lets check your progress with these Answer key for our JAIIB-01

Question No	Answer
1	A. Can be restricted and entrusted to one partner
2	B. Tele-banking
3	D. All the above
4	C. Multi State Co-operative Societies Act, 2002
5	D. All the above
6	A. Right of set-off
7	D. All the above
8	D. All the above
9	B. Wide Area Network
10	D. Both A and B

Hope, you doing your best while playing with this magic answer

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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

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