JAIIB Legal & Regulatory Aspects of Banking Previous Year Question Papers FREE PDF

JAIIB/CAIIB Full Video Course

1. Certifying authority
2. DGC Authority
3. Digital Signature Controller
4. Controller of Certifying Authorities

(a) actual – where the goods are actually in possession of the creditor 

(b) symbolic – where the pawnor hands over the control of the goods to the pawnee without actual delivery 

(c) trust receipt – where the goods are released to the pawnor without payment, by the pawnee on the basis of an undertaking:

1. A and c only are correct
2. b and c only are correct
3. A and c only are correct
4. A to c all are correct

1. A charge on book debts of the company
2. A floating charge on stocks of the company
3. A charge on immovable property of the company
4. A charge relating to contingent liabilities of the firm like a letter of credit bank guarantee

1. Prevention of Money Laundering Act
2. Information Technology Act
3. Right to Information Act
4. None of these

1. Shares & stocks
2. Grass and shares
3. Actionable claims and stock
4. Stock and grass

1. There is no ceiling on a person’s holding of shares
2. No shareholder can exercise voting rights in excess of 10% of total voting rights
3. The provision of 10% ceiling restricts the transfer and registration of such transfer
4. The provisions of Companies Act also govern transfer of shares of banking companies

1. Minimum 2 and maximum no limit
2. Minimum 2 and maximum 50
3. Minimum 2 and maximum 20
4. Minimum 2 and maximum 10

1. Unlimited liability guarantee
2. Deferred payment guarantee
3. Continuing guarantee
4. Performance guarantee

1. The parties can reject the goods
2. The parties can treat the contract as repudiated
3. The parties can claim damages
4. All the above remedies are available

1. The property in the name of M can’t be mortgaged
2. The property in the name of M can be mortgaged if it is for benefit of the minor
3. The property in the name of M can be mortgaged if it is for benefit of the minor with permission of the court only
4. The property in the name of M can be mortgaged if it is for benefit of the minor with permission of the Registrar of Assurances

1. 20
2. 15
3. 12
4. No ceiling. But if no. goes beyond 12, Central Govt. permission is required

1. Risk management
2. Corporate risk management
3. Corporate strategies
4. Corporate governance

1. Nomination in the locker as per Section 45 ZE to ZF
2. Nomination in case of joint safe deposit of articles (only 1 nomination is allowed)
3. Nomination in deposit (insolvent or minor can be the nominee)
4. Nomination in non-resident accounts) – Permitted

1. The Bank is liable for the damages because it has breached an implied contract without giving a notice to the party
2. Being temporary overdraft, bank is not under any obligation to continue the overdraft for a long period
3. Party cannot claim any damages
4. Party could not claim damages as it was a temporary overdraft only

1. Rs.3 for first hour and Rs.5 for each 15 min or part there of
2. Rs.2 for first hour and Rs.10 for each 30 min or part there of
3. No charge for the first hour and Rs.5 for each 15 min or part there of
4. No charge for first hour and Rs.10 for each 15 min or part there of

1. When Bank fails on more than one occasion to comply with RBI direction u/s 21 and 35 of B R Act
2. When Bank is being managed in a manner detrimental to interest of depositors
3. When Acquisition is essential for safeguarding interest of the depositors
4. When Acquisition will benefit the shareholders and govt. both

1. Bank can file the suit within 3 years for the entire amount due
2. Bank can file the suit within 3 years for instalments not paid from the due date of the respective instalment
3. Bank can file the suit within 3 years for instalments not paid from the due date of respective instalments & also the balance amount if the agreement provides for that
4. Bank can file suit for the due amount and for the balance amount bank will have to wait

1. Application of right of set-off
2. Application of the rule of subrogation
3. Application of rule in Clayton case
4. Application of rule in redemption

1. SARFAESI Act is fully invalid
2. Condition of deposit of 75% amount by the borrower before approaching DRT against possession notice by banks, is invalid
3. Condition of deposit of 75% amount by the borrower before approaching DRAT, against the decision of DRT, is invalid
4. Condition of 60 days notice before possession is correct

1. Clean bills are where the bill is not supported by any document of title to goods
2. Supply bills are where the bill is drawn on the basis of transaction with the Govt. or govt. undertaking
3. An accommodation bill is a bill that is drawn without any consideration or without any sale or purchase of goods
4. Foreign bills are bills that are drawn in India and payable abroad by a resident in India.