JAIIB Questions | Bank Exams

JAIIB Questions and Answers :

1. As per the Government of India's data, the amount spent under Mahatma Gandhi National Rural Employment Guarantee Act, (MNREGA) in 2017-2020 is / are Rs._______

a. 1.83 lac Crore

b. 1.63 lac Crore

c. 1.73 lac Crore

d. 1.53 lac Crore

2. The government has recently raised the threshold for invoking insolvency under the Insolvency Bankruptcy Code (IBC) to Rs. ____ from the current Rs. 1 lac

a. 10 lac

b. 50 lac

c. 1 Crore

d. 5 crore

3. The Government has allowed _____ % stake in Air India under automatic route for those NRIs who are Indian Nationals

a. 49%

b. 75%

c. 90%

d. 100%.

4. The RBI has revised the Exposure limit for Urban Cooperative Banks (UCBs) to a group borrower from 40% to ____ % of Tier -I capital

a. 25%

b. 30%

c. 35%

d. 20%

5. A collecting bank gets protection for collecting a demand draft subject to certain conditions, u/s ___ of ____:

a. 131, NI Act

b. 31, NI Act

c. 31, RBI Act

d. 131A, NI Act

6. Law of limitation is not applicable in respect of :

A. Advance against pledge of shares

B. CC granted against hypothecation of inventory

C. Term loan secured by mortgage of Plant & Machinery

D. Bank Term Deposit.

7.Limitation period for filling of the review application against the award given by the Banking Ombudsman is

A. 30 Days

B. 45 days.

C. 60 Days

D. 90 Days

Answers :

1. A

2. C

3. D

4. A

5. D

6. D

7. B

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