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MODEL QUESTIONS --- JAIIB principles
1.
Ans:
a.
b.
c.
d.
was it useful
e.
f.
g.
2.
As per the Section 20 and Sec 21 of RBI Act RBI is obliged to transact
banking business and mange the Public Debt of Central
Government Can you elaborate the Role of RBI in the Public Debt
Ans: Public Debt can be by way of long term bonds and or by way of Treasury
Bills
a.
b.
At present Treasury Bills are issued for periods of 91 days and 364 days.
The Treasury Bills are issued for meeting the Short Term requirements
where as the Long Term Bonds are issued for various periods for
meeting long term investments.
3.
Ans: As per Section 17 (5) of RBI Act, Bank can give the Central and State
Government Advances which are repayable within 3 months. This is thus a
short term finance and bridge the interval between expenditure of the
Government and the flow of revenue planned in the budget.
4.
Ans:
5.
Ans:
yes
3 (100%)
no
0 (0%)
Votes so far: 3
Poll closed
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7.
Ans:
The Buying and Selling of securities or other Assets like Foreign
Exchange Gold by the Central Bank to alter the liquidity of the Banks is known
as open Market Operation. When RBI buys Government Securities from Banks
the liquidity portion of the Banks increases. Alternatively, when the Reserve
Bank sells the securities to be Banks, the banks liquidity position is reduced.
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TEST PAPER OF JAIIB LEGAL
ASPECTS
NEW BANKING UPDATES OD
JAIIB/CAIIB
MODEL QUESTIONS --- JAIIB principles
of banking ...
MODEL QUESTIONS --JAIIB+PRINCIPLES OF BANKING ...
Indian Financial System jaiib important
questions ...
JAIIB QUESTIONS AND MODEL
QUESTION PAPER
Accounting Concepts AND IMPORTANT
QUESTONS
Ans:
a.
b.
c.
d.
Bank Rate
Reserve Requirement
Open Market Operation
Interest Rate Policy
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Ans:
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RBI collects information on all the borrowers enjoying Secured Credit Limit of
Rs.10 lacs and above and unsecured Credit Limit of Rs.5 lacs and above.
Email address...
Submit
RBI also collects the details of all doubts loss of suit filed account with
aggregate outstanding of RS.1 Crores and above and circulate the details to all
Banks.
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Ans:
The Time, Savings and Current Depends, Sundry Creditors, Interest Accrual,
Interest Accrued and Payable, Net of Liability to Banking System.
However, the same exclude the inside liability like, claim received from ECGC,
amount received pending final adjustment towards the dues etc.,
13. CRR is to be maintained as per RBI Act ------ Elaborate on this.
Ans:
a.
b.
c.
The Required Amount under CRR is to be kept with RBI in their Current
Account in the case of Schedulesd Banks
b.
The Supervision will be both "on site" and "off site Supervision".
c.
17. How many DSB Returns are introduced by RBI and which all areas they
cover.
Ans:
There are seven types of DSB Returns. Cover, Details of Assets and
Liability of Banks, Capital Adequacy, NPA Assets, and Quality of Assets,
Position of Unreconciled entries etc., etc.,
18. What are the circumstances where disclosure of customers account is
permitted
Ans:
a.
b.
c.
d.
e.
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f.
g.
h.
i.
j.
b.
c.
d.
e.
f.
21. What are the difference between Mandate and Power of Attorney.
Ans: a.
Mandate is a simple letter of authority given by an Account Holder
to another person to operate his account on his behalf. To make, draw etc., of
Bills or Negotiable Instruments.
b. Power of Attorney is a general document used to convey powers for
many other purposes besides the operation in the account.
a.
Mandate is given in Plain Paper
b.
Power of Attorney is given on a stamp paper
c.
Power of Attorney has to be executed in presence of a Notary
Public.
d.
Power of Attorney can be Registered or Unregistered.
22. What are the salient features of Capital Gains Tax Account 1988.
Ans:
a.
For persons, firms and others, who have capital gain and wish to invest the
same in house property etc., within a period of 3 years the mount of gain
can be kept in an account known as Capital Tax Account.
b.
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c.
26. What are the important section of Negotiable Instrument which has
relevance to day to day banking transactions.
Ans:
a.
Section 4,5,6 which define Promissory Note, Bill of Exchange and Cheque.
b.
c.
d.
e.
f.
g.
h.
27. What are the new guidelines on the NI Act relating to Sec 138 - 142.
Ans:
a.
b.
Time for initiating criminal action 30 days from the date of intimation of
dishonour of cheque by the payee.
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28. What are the salient features of latest decided cases in respect of
Dishonour of cheques under Section 138 - 142 of NI Act.
Ans:
The section is applicable to return of cheques
a) By repeated presentations at the request of drawer
b) In case of closure of account
Talwar Committee
Goiporia Committee
Tarapore Committee
2.
a.
b.
c.
d.
e.
b.
Under EFT, funds can be transferred between branches of a bank and also
between banks (via) electronic media
c.
RBI has recently developed a new EFT Special Electronic Funds transfer
for transfer of Large Value Transaction.
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Back stop interest rate will be at the reverse repo cut off rate at which
funds were injected earlier.
Where no reverse repo bid is accepted as per repo auction, the back stop
interest will be 2% points over rep cut off rate of Pre-day under LAF.
On days when no bids for repo or reverse repo auctions are
received/accepted the back stop interest rate will be decidd by RBI on an
ad-hoc basis.
36. What all areas are covered by Information Technology Bill 2000
a.
b.
c.
The Act recognises an electronic record which has been signed with a
digital signature.
d.
It lays down the broad authority structure for implementing Public Key
Infrastructure.
b.
Sovereign Asset
Banks
Others (Corporates)
0% to 150%
20% to 150%
20% to 150%
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40. Under Internal Rating Based approach of rating the risk of various
Assets, what are the types of credit risk considered.
a.
b.
c.
d.
e.
f.
Corporates
Banks
Sovereign
Retail
Project Finance
Equity
3.
4.
Ans:
a.
Accounts covered are those under Multiple Banking
/Syndication/Consortium.
c.
d.
The outstanding exposure may be fund based and non fund based
e.
f.
g.
Atleast 75% of the lenders by value should agree for CDR package
This consist of CMD of IDBI, Chairman of SBI, ICICI Bank IBA and CMD's of all
participating Banks/Financial Institutions
46. What are the most important categories of risks for Bankers
Ans:
1.
2.
3.
Credit Risk
Market Risk
Operational Risk
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Ans:
Credit Risk is a combination of Portfolio Risk + Transaction Risk
Liquidity Risk
Interest Rate Risk
Exchange Rate Risk
51. What are the hedging tools that are available for hedging Interest Rate
Risk
Ans:
a.
b.
52. What are the hedging tools that are available for hedging exchange
rate
Ans:
a.
b.
c.
d.
Swaps
Option
Forward Rate Contract
Futures
54. What is the Prudential exposure limit for a single borrower and group
borrower.
Ans:
a.
b.
c.
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d.
Group Infrastructure
50%
56. What is the credit limit for SSI units which no collateral security should
be insisted
Ans:
For facilities under SSI upto Rs.5 lacs no Security to be insisted.
For advances for SSI upto Rs.25 lacs. We need not insisted provided the party
has got a good track record.
Advance to MSE sector up to Rs1.00 Crore covered under CGTMSE
List out few credit derivatives
Ans:
a.
b.
c.
d.
58. Into how many Liquidity buckets Assets and Liability are
classified
Ans: Into 8 liquidity buckets with additional grouping of the first bucket into 1
day bucket, 2-7 days bucket and 8- 14 days bucket.
59. Into which liquidity bucket the doubtful assets are grouped
Ans:
In the greater 5 year Asset Bucket
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