JAIIB Sample Questions

JAIIB: Accounting & Finance for Bankers :  Sample Questions 

1  A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is...... %

A. 7.5

B. 8

C. 8.5

D. 9.7

Correct Option. B Explanation:  128 / 1552 = 0.082. Now 0.082 on Rs97 , so on Rs. 100?  = 0.082 x 100 /97 = 0.085 i.e 8.5% 2  ...... of a partner means that a partner breaks off his relations with all other partners and withdraws himself from the firm. A. Admission B. Submission C. Permission D. Retirement Correct Option. D Explanation: A and C are worthless. There is also no word as SUBMISSION relating to ending of relation. Hence D is the answer 3   A sum amounts to Rs. 2,916 in 2 years and to Rs. 3,149.28 in 3 years at Compound interest. The sum is...... A. Rs. 1,500 B. Rs. 2,000 C. Rs. 2,500 D. Rs. 3,000 Correct Option. C Check you knowledge on: https://yuvaguru.com . 3 tests per subject of 50 questions each. Go to exam portal (right hand up corner on the site) JAIIB: Legal & Regulatory Aspects of Banking : Sample Questions 1  The account maintained by an our Foreign Branches / Correspondents with our domestic branch (in India) is known as ...... A. Loro a/c B. Vostro a/c C. Special a/c D. Nostro a/c Correct Option. B 2  An L/C which can be amended or cancelled by the Issuing Bank at any time prior to its expiry without notice to the Beneficiary is called a/an ...... A. Confirmed L/C B. Irrevocable L/C C. Revolving L/C D. Revocable L/C Correct Option. C  3   Name the different types of “R” returns. A. Nostro & Vostro B. Nostro C. Vostro D. Nostro & Vostro, Loro a/c Correct Option. A CAIIB: Advanced Bank Management :  Sample Questions   1  Demand for a product at Rs. 4 per unit is 50. If the price elasticity of demand is 2, how much the demand will be at Rs. 3 per unit? A. 25 B. 40 C. 60 D. 75 Correct Option. D 2  What is the main theme of FRBM act for Indian econ0my...... A. To protect black money marketing B. To protect Indian economy from inflation C. To reduce the dependence of the govt on borrowings and help to reduce the fiscal deficit in a phased manner. D. To reduce fiscal imbalance and give Indian economy future stability. Correct Option. C CAIIB: Bank Financial Management :  Sample Questions 1   Valuation of foreign exchange profits and losses by dealer is carried on the basis of: A. IBA approved accounting guidelines B. FEDAI prepared Uniform standard Account Procedure C. RBI framed valuation norms for foreign Exchange Transaction D. GDFT guidelines on valuation Correct Option. B 2  Who is eligible to take Export turnover policy from ECGC? A. Exporters with turnover not exceeding Rs 10 lakhs per year B. Exporters who contribute not less than Rs. 10 lakhs towards premium C. Exporters with turnover exceeding Rs 10 lakhs per year D. Exporters who contribute not more than Rs. 10 lakhs towards premium Correct Option. B