jaiib mock test - Quiz Questions (Page 1 of 2)
This quiz contains 20 questions.
Question 1: What is the main objective of ALM in banks?
- To manage liquidity risk
- To enhance customer service
- To increase branch network
- To minimize loans (Correct Answer)
Question 2: Which type of deposit offers the highest interest rate?
- Fixed deposit (Correct Answer)
- Savings account
- Current account
- Recurring deposit
Question 3: Who regulates banking in India?
- Reserve Bank of India (Correct Answer)
- Finance Ministry
- State Governments
- NABARD
Question 4: When was the Nationalization of banks in India first implemented?
- 1969 (Correct Answer)
- 1980
- 1955
- 1949
Question 5: What document is crucial for Know Your Customer (KYC) compliance?
- Proof of identity
- Credit report
- Bank statement
- Loan document (Correct Answer)
Question 6: What is the minimum capital required for starting a private bank in India?
- INR 200 crore
- INR 100 crore (Correct Answer)
- INR 500 crore
- INR 250 crore
Question 7: What is the tenure of the Basel Committee's guidelines?
- Temporary
- Five years
- Permanent (Correct Answer)
- Ten years
Question 8: RTGS stands for what in banking terms?
- Real Time Gross Settlement (Correct Answer)
- Rapid Time Gross System
- Real Trade Gross System
- Rapid Transfer Gross Settlement
Question 9: SLR is mainly used for what purpose by banks?
- Maintain liquid reserves (Correct Answer)
- Increase profitability
- Enhance customer service
- Limit foreign exchange risk
Question 10: Which act is responsible for the prevention of money laundering in India?
- Prevention of Money Laundering Act (Correct Answer)
- Banking Regulation Act
- Income Tax Act
- Companies Act
Get ready to evaluate your banking knowledge with our JAIIB mock test. This quiz covers key concepts in fundamental banking, financial management, and legal principles. It’s designed for banking professionals looking to prepare for the Junior Associate exam. Enjoy a test that’s straightforward and easy to understand as you review essential topics for your certification journey.
