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JAIIB - Principles and Practices of Banking - Practice Set 1




            1.      Mutual funds are regulated by
(a) Association of Mutual Funds of India (AMFI)
(b) Securities and Exchange Board of India (SEBI)
(c) Reserve Bank of India
(d) None of the above


Ans.  Securities and Exchange Board of India (SEBI)


  1. Maximum Number of members in SHG
(a) 30
(b) 10
(c) 20
(d) 40


Ans.  20




  1. One Directional Communication
(a) Simplex
(b) Duplex
(c) Full Duplex
(d) None


Ans.  Simplex


  1. In case of Saving Account, Banker is
(a) Creditor
(b) Debtor
(c) Privileged Debtor
(d) Privileged Creditor


Ans.  Debtor


  1. What is the CRR currently prescribed by RBI?
(a) 6.75%
(b) 4%
(c) 7%
(d) 5.5%


Ans.  4%


  1. A scheduled commercial bank is one:
(a) Which is included in the Second Schedule of the RBI Act 1934
(b) Which is included in the Banking Regulation Act, 1949
(c) Both (a) and (b)
(d) None of the above


Ans.  Which is included in the Second Schedule of the RBI Act 1934


  1. What is the stipulated share of the priority sector in the net bank credit?
a)   35%
b)   10%
c)   50%
d)   40%


Ans. 40%


  1. What is the current SLR requirement of banks?
a)   50% of the deposits
b)   21.5% of the deposits
c)   20.5% of the deposits
d)   6.75% of the deposits


Ans. 21.5 % of the deposits


  1. Bank Guarantee can be of maximum period
a)   1 year
b)   10 years
c)   More than 10 years
d)   None


Ans. More Than 10 Years


  1. Which is star topology
a)   Gateway
b)   Switch
c)   Router
d)   None


Ans. Switch




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