Lesson-1 Certificate of Excellence IBF COMMITTED TO PROFESSIONAL EXCELLENCE IBF JAIIB-Paper 1- Principles & Practices of Banking Important MCQs-Part 2 -51-60 questions Presented By: Sahil Jain
ABOUT ME I am Presently working in State Bank of India as a Customer Associate since March 2017. Prior to SBI, I was working in Accenture India Pvt. Ltd as an AccountsD Receivables am also pursuing MBA in Finance from Sikkim Manipal University as a distance education course. I completed my B.COM in 2014 from CCS University Meerut. Currently, I am preparing for Bank PO exams and other competitive exam like SSC CGL, Insurance exams etc.
Q51. Which of the following is a product that is offered by banks in wholesale banking? a) b) c) d) Fund based services such a structured finance. Non-Fund based products such as LC. Value assed services such as cash management services. All of the above.
Q52. The provision for making the payment of amount mentioned in words in a cheque is described under which section of NI Act? a) 16 b) 18 c) 20 d) 21
Q53. Obligation of a banker to maintain secrecy is applicable to: a) b) c) d) Existing deposit accounts. Closed deposit accounts. Existing safe deposit accounts. All of the above.
Q54. Section 45ZA to 45ZF relate to nomination in i) Deposit ii) Safe custody i) Locker accounts a) Only i) and ii) b) Only i) and iii) c) Only ii) and iii) d) i), ii) and iii)
Q55. As per Basel 2 recommendations, the amount of general provisions and general loan loss reserves should not exceed: a) b) c) d) 55% of the Tier II 1.25% of risk weighted assets. 55% of risk weighted assets. 2% of capital fund.
Q56. Global depository receipts are normally traded on: a) US Stock Exchanges b) European Stock exchanges c) International stock exchanges d) Indian stock exchanges
Q57. For the purpose of a public issue, the term 'retail investor' means an investor, whose investment is not more than: a) Rs. 25,000 b) Rs. 50,000 c) Rs. 2 Lakhs d) Rs. 1 Lakhs
Q58. As a cover for bank note issue, RBI keeps some minimum value of total approved assets in the form of: a) Cash and bank balances b) Gold coins, Bullion and foreign securities c) Cash, Gold coins and bank balances d) All of the above Note: RBI maintains total reserve of Rs. 200 cr. out of which gold reserve is Rs.115 cr.
Q60. Within How many days particulars of charge should be filed with Registrar of companies from the date of creation of charge? a) 30 days b) 45 days c) 60 days d) 90 days
Working as an SME at Accenture since Jan 2019. Completed MBA Finance from Sikkim Manipal University as distance learning course.