JAIIB PPB MOCK TEST

There are 100 questions in this mock test.

1. Which of the following is/are the characteristics associated with transactions between two or more parties? (i) Agreed upon conditions, (ii) Time of agreement, (iii) A place of agreement

A.
B.
C.
D.

2. Market‐driven strategy includes ......

A.
B.
C.
D.

3. Marketing channel doesn't refer to ...... (i) a set of independent  organizations involved in the process of making a product or service available for use or consumption, (ii) a physical channel for movement of goods from the seller to the buyer, (iii) a set of firms who handle the physical movement of goods from one point to another

A.
B.
C.
D.

4. Business market strategies stimulate a customer to take action towards the buying decision is known as ......

A.
B.
C.
D.

5. The process of segregation of ownership and trading rights of the members in a stock exchange is called ......

A.
B.
C.
D.

6. Regional rural banks re licensed for banking business under ......

A.
B.
C.
D.

7. Markup pricing comes under which of the pricing method?

A.
B.
C.
D.

8. Find the odd man out from the following:

A.
B.
C.
D.

9. Which of the following statements is not correct in the context of dealing with a company?

A.
B.
C.
D.

10. Which of the following is not the characteristics of the services?

A.
B.
C.
D.

11. Market risk takes the form of (which one is not correct)?

A.
B.
C.
D.

12. Which of the following is not true in respect of Joint Hindu Family?

A.
B.
C.
D.

13. The most visible of impact of technology is reflected in the way the banks respond ...... for making its effective used for efficient service delivery.

A.
B.
C.
D.

14. EMV standards which provides technical standards for card usage. In which EMV stands for ...

A.
B.
C.
D.

15. Bank loans to Primary Agricultural Credit Societies (PACS) is covered under Priority Sector as ...... advances

A.
B.
C.
D.

16. Real Time Gross Settlement System means a payment system in which ......

A.
B.
C.
D.

17. Technology has compelled the banks to evolve a ...... Pricing system for marketing better services which may sometimes result in higher costs to the customers.

A.
B.
C.
D.

18. ATMs provide ......

A.
B.
C.
D.

19. Liquidity with a banker means ......

A.
B.
C.
D.

20. If an Indian bank has place of business in one state only and has office in Mumbai or Kolkata, what is true regard to the amount of minimum capital?

A.
B.
C.
D.

21. How can a company use the same material for both traditional and social network marketing? (i) Selling ad space on the company website, (ii) Utilizing a television ad campaign online as well on their site and sites such as YouTube, (iii) Creating a magazine print ad with the company website

A.
B.
C.
D.

22. When Marginal utility diminishes, total utility ......

A.
B.
C.
D.

23. Innovation in marketing is same as ......

A.
B.
C.
D.

24. In addition to product, price, promotion, the augmented marketing mix for services include all of the following EXCEPT .....

A.
B.
C.
D.

25. In which of the following situations different partners of the combination remain separate entities?

A.
B.
C.
D.

26. A cheque of Rs.10000 issued by A, one of your account holders, in favour of B is stolen by one C who forges B signatures and endorses it in favour of D, who obtain the payment from the bank. In this situation what would be bank’s position?

A.
B.
C.
D.

27. Which of the following is the internal factor influencing pricing?

A.
B.
C.
D.

28. A bank has acquired an immovable property but it has not been able to dispose it of within 7 years. What remedy is available to the bank?

A.
B.
C.
D.

29. Equity investment by a bank in companies engaged in non-financial services activities would be subject to a limit of ......

A.
B.
C.
D.

30. Conversion means.............

 

A.
B.
C.
D.

31. Marketing concept is rested on four main pillars. Which of the following is not amongst four pillars?

A.
B.
C.
D.

32. According to marketing four Ps, credit terms can not be classified as ...... (i) Place, (ii) Price, (iii) Product

A.
B.
C.
D.

33. The various dangers to any computer system can be classified as ...... (i) Physical damage due to natural calamities, (ii) Damage due to operational problems like power failure, System malfunction etc, (iii) Human errors

A.
B.
C.
D.

34. Match the following:
i) Classification of Assets a. Narasimham
ii) Allonge b. Endorsement
iii) Funds Transfer c. EFT
iv) Crossed cheques d. Collecting banker

A.
B.
C.
D.

35. Delivery channel other than Bank counters are ...... (i) ATMs, (ii) Internet Banking, (iii) Mobile Banking

A.
B.
C.
D.

36. Maximum No of Partners in a banking partnership firm is ______ in terms of ______ Act

A.
B.
C.
D.

37. A product means something that can be offered to satisfy a want or need which can be physical goods, services, persons, place, idea etc. Which of the following does not match?

A.
B.
C.
D.

38. Factors influencing the promotion mix is/are ...... (i) Type of product/market, (ii) Buyers’ Readiness stage, (iii) Product life cycle stage.

A.
B.
C.
D.

39. A withdrawal slip is a ......

A.
B.
C.
D.

40. The international level ....... have been active in the privacy area. (i) Organization for Economic Co-operation and Development, (ii) Ashton Tate Corporation Ltd, (iii) AT &  T

A.
B.
C.
D.

41. The DSS and ESS bring about a lot of transparency in ......

A.
B.
C.
D.

42. Banking Codes and Standards Board of India, has been constituted as a ......

A.
B.
C.
D.

43. Which of the following statements are not correct? (i) In India, foreign exchange regulations are administered by Reserve Bank of India, (ii) Reserve Bank of India maintains the external value of rupee, (iii) Reserve Bank of India does not deal in foreign exchange directly with the public

A.
B.
C.
D.

44. Market Research is needed for ...... (i) Deciding the market area, (ii) Deciding the right product to be sold, (iii) Making proper marketing decisions

A.
B.
C.
D.

45. The minimum percentage of Priority Sector advances to be maintained by Domestic commercial banks ......

A.
B.
C.
D.

46. One of the following is not included in the 7 P's of Marketing. Find the same.

A.
B.
C.
D.

47. Which of the following is/are tool(s) for promotion mix? (i) Direct Marketing, (ii) Public relations, (iii) Advertising

A.
B.
C.
D.

48. The minimum percentage of Priority Sector advances to be maintained by foreign banks in India with less than 20 branches ......

A.
B.
C.
D.

49. Labeling is important for informational, legal & reasons ......

A.
B.
C.
D.

50. Social networks have an enormous information sharing capacity. As such, they are a great distribution channel for ......

A.
B.
C.
D.

51. What place does Pricing have in marketing?

A.
B.
C.
D.

52. Mr. X maintains a SB account with your bank. He has given a POA to his son, to operate his SB account. The relationship between the bank and Mr.X is ......

A.
B.
C.
D.

53. Which of the following is/are true about push strategy of promotion mix? (i) Promotion efforts are directed towards the final consumer, (ii) Promotion efforts are directed at the channel member, (iii) It is done through personal selling and trade promotion

A.
B.
C.
D.

54. The legal set up of a mutual fund is in the form of a ......

A.
B.
C.
D.

55. What is the maximum extent up to which the foreign institutional investors can invest in the stock exchanges in India?

A.
B.
C.
D.

56. Which of the following has made product selection simpler? (i) Internet, (ii) E-mail, (iii) Price

A.
B.
C.
D.

57. What is meant by A/B testing in marketing?

A.
B.
C.
D.

58. Credit risk does not take form of ......

A.
B.
C.
D.

59. Digital Banking is characterized by ......

A.
B.
C.
D.

60. The best advertisement is ......

A.
B.
C.
D.

61. Service after sale is not the function of ......

A.
B.
C.
D.

62. Acid Test of a brand is ......

A.
B.
C.
D.

63. The difference between ATM card and Debit card is ......

A.
B.
C.
D.

64. Communication channels such as buzz marketing and word-of-mouth influence are not classified as ...... (i) non personal communication channels, (ii) non-emotional communication channels, (iii) personal communication channels

A.
B.
C.
D.

65. In case the letters engraved on the Common Seal has defaced, a new seal can be adopted by the Company by ......

A.
B.
C.
D.

66. Credit operations of banking system are generally guided by ...... (i) Directives of RBI, (ii) Instruction of Govt, (iii) Bank's own policy

A.
B.
C.
D.

67. Under RTGS ...... (i) Bank will route payments trough online messages to RBI's clearing cell, (ii) Each transactions will be cleared and settled independently on a minute-by-minutes basis, (iii) The payee would have funds in his account within a maximum time frame of two hours of the settlement.

A.
B.
C.
D.

68. The part of the computer that makes use of primary memory:

A.
B.
C.
D.

69. The universal set of standards for EDI is known as ......

A.
B.
C.
D.

70. Loans to corporates directly engaged in Agriculture and Allied Activities to an aggregate limit of more than 2 crore is covered under Priority Sector as ...... advances

A.
B.
C.
D.

71. The Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) is set up under the provisions of ......

A.
B.
C.
D.

72. Bailor – bailee relationship is applicable in ......

A.
B.
C.
D.

73. What is Reverse Repo? (i) It is a method of borrowing against certain securities for a short period, (ii) It is process where lender levels against the securities with a commitment to take back the securities from the borrower against payment at a specified price, (iii) It is helpful in contracting liquidity in the system

A.
B.
C.
D.

74. Data privacy assumes significant dimension; viz ...... (i) authority to access data, (ii) authority to use data only for specified purposes, (iii) authority to withdraw money without telling others

A.
B.
C.
D.

75. An electronic database of certificates, the equivalent of digital Yellow Pages is called ......

A.
B.
C.
D.

76. Where a minor is admitted for benefit in a partnership firm and he attains majority and decides to join the firm as partner, his liability begins from ......

A.
B.
C.
D.

77. If there are declining sales leading to declining profits and no possibility of increasing and improving them, which of the following strategy will be adopted by an organization?

A.
B.
C.
D.

78. How does creating a social network marketing plan differ from a traditional marketing plan? (i) The staff requirements and skill sets for social marketing are different, (ii) There is no need for a social marketing plan, but social marketing plan is required for traditional marketing, (iii) Other than the method of delivery, a marketing plan either way will be similar

A.
B.
C.
D.

79. In a MICR cheque, which of the following code does not match the 'description ......

A.
B.
C.
D.

80. Which of the following is an Example for Pre paid card? (i) Travel card, (ii) Credit card, (iii) Gift card

A.
B.
C.
D.

81. In the following situations, which decision taken by a bank is not correct, in case of an insolvent customer?

A.
B.
C.
D.

82. Statement ...... machines are also in use in few banks which considerably enhance statement delivery times.

A.
B.
C.
D.

83. Your branch maintains a joint account of A and B. B is declared insolvent. In such case, the balance lying in the account will be paid to .....

A.
B.
C.
D.

84. Debit card can be used for ...... (i) Cash withdrawal from ATMS, (ii) For making payment in POS terminals, (iii) Making payment in e commerce portals by providing card number, expiry date and CVV number

A.
B.
C.
D.

85. Labeling is important for three reasons‐ promotional and legal reasons. What is the third reason?

A.
B.
C.
D.

86. In the ......, the subscription and repurchase is available on a continuous basis

A.
B.
C.
D.

87. Out of the following ...... is not an objective of pricing

A.
B.
C.
D.

88. The ombudsman signifies;

A.
B.
C.
D.

89. Two companies are merged. One of these is supplier of goods to the other. This merger is known as ......

A.
B.
C.
D.

90. Which of the following products in retail banking do not fall under retail deposit products?

A.
B.
C.
D.

91. Where a person in any of the towns, which the State Government concerned may, by notification in the Official Gazette specify on this behalf, delivers to a creditor or his agent document or title to immovable property, with intent to create a security thereon, the transaction is called a ......

A.
B.
C.
D.

92. Cross-selling is not effective for which one of the following products?

A.
B.
C.
D.

93. Bancassurance is not ...... (i) An insurance scheme to insure bank deposits, (ii) A composite financial service offering both bank and insurance products, (iii) An insurance scheme to insure bank advances

A.
B.
C.
D.

94. What is the objective of securitization of financial assets?

A.
B.
C.
D.

95. In which of the following types of fund, the investment is made exclusively in govt. securities?

A.
B.
C.
D.

96. When a bank lends money to the corporate person the relationship between bank and
corporate person is ......

A.
B.
C.
D.

97. From buyers point of view, product is considered as ......

A.
B.
C.
D.

98. Which of the following conditions are essential to constitute a valid pledge?

A.
B.
C.
D.

99. Which of the following amount can be sent abroad by an NRI from his NRO account? (a)interest credited by the bank (b) amount of dividend received (c) principal in the account?

A.
B.
C.
D.

100. Personal loans can be canvassed among ......

A.
B.
C.
D.

 

Leave a Comment