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Indian rupee

JAIIB General Banking important points in short

1. A customer Mr Sharma had credit balance 40,000 in his saving ac and also had an OD ac with overdue Debit balance of 20,000.Bank debits his saving account and adjusts OD ac. The bank is said to have exercised Right of: Set-off 2. A Minor has extended Guarantee to…

gold coins

JAIIB PAPER-1 PPB RECOLLECTED QUESTIONS:: Very important

JAIIB PAPER-1 PPB RECOLLECTED QUESTIONS:: Very important BCSBI is framed as per? Difference between mandate or POA Loan against shares and debentures in demat and physical form Half duplex CBS networking Stages of money laundering Cyber banking 4p of marketing Front end processor Dumb computer Lic assignment Hypothecation Lien is…

union budget

JAIIB General Banking very important MCQs

General Banking MCQs 1. ______is a money market instrument, which enables collateralized short term borrowing through Govt. securities: Repo Rate. 2. While issuing DD of Rs.50,000/- and above what should not be accepted: By cash 3. Call option stands for: Right to Buy but without obligation to buy. 4. ˜Call…

JAIIB General Banking very important points

1.Mutual Funds are controlled by: SEBI. 2.Duplicate DD should be issued within: 14 days from date of request. 3.Public Debt Office (PDO) is an ______: Autonomous body and Investment Banker to Central Govt. 4.What is the rate of TDS in case of Savings Bank deposit account as per Income Tax…

JAIIB PPB- BANK SPECIAL RELATIONSHIP

PPB- BANK SPECIAL RELATIONSHIP ✅1. A mandate (an unstamped agreement) is an authority given by the account holder in favour of a third person to do certain acts on his behalf. ✅2. Institutions cannot issue mandate, instead they issue a power of attorney. ✅3. Power of Attorney is a legal…

JAIIB exam recollected 04 November 2018 

JAIIB exam recollected 04 November 2018            1.Two questions on Basel 2 and 3 … each 2 marks question 2. NEFT and RTGS details for 4questions 3.Can you accept it with as NEFT or RTGS or vice versa Sections are asked from NI Act  around 6 questions…

TYPES OF ENDORSEMENT

TYPES OF ENDORSEMENT ☑ BLANK ENDORSEMENT: (Sec 16-1) : Signed without writing any instruction above the signature (as to whom to pay).Such cheque becomes payable to bearer u/s 54. Blank endorsement can be converted into full by writing name of a person, to whom to pay, above the signatures. ☑…

Indian Limitation Act, 1963

Indian Limitation Act, 1963 Description Period of Limitation Temporary Overdraft without DPN 3 years from date of loan Demand Loan 3 years from the date of loan Demand Promissory Note 3 years from date of DPN Bill of exchange payable on demand 3 years from date of Bill.  Usance bill…

MCLR linked to External Benchmark Based Lending

Reserve Bank had constituted an Internal Study Group (ISG) to examine various aspects of the marginal cost of funds-based lending rate (MCLR) system. The final report of the ISG was published in October 2017 for public feedback. The ISG observed that internal benchmarks such as the Base rate/MCLR have not…