jaiib_mocktest_ppb
Post on 11-Feb-2018
212 Views
Preview:
TRANSCRIPT
-
7/23/2019 JAIIB_MockTest_PPB
1/19
the following is true ?
Receipt of Rs. 1 Lac as award for the innovation is atransaction
Increase in the market value of shares is a transaction
Receipt of certificate for the innovation is atransaction
Increase in the prices of raw material is a transaction
Which one of the following is false ?
Death of a senior manager of the firm is a transaction
Receipt of Rs. 1 Lac as award for the innovation is atransaction
Increase in the market value of shares is not atransaction
Extending the period of a fixed deposit receipt is not atransaction
Which one of the following is true ?
Increase in the market value of investment is a
transactionIncrease in the value of Rupee against US Dollar is atransaction
Redemption of deentures issued ! the compan! is atransaction
Extending the period of a "ixed Deposit Receipt is atransaction
Which one of the following is true ?
Increase in the market value of investment is a
transaction
Increase in the value of Rupee against US Dollar is atransaction
Redemption of deentures issued ! the compan! is atransaction
Extending the period of a "ixed Deposit Receipt is atransaction
Debit what comes in, Credit what goes out will represent -----
#ominal accounts
Real accounts
$ersonal accounts
%rtificial accounts
Balance sheet gives the position -----
of the !ear
of the alances during the !ear
as on the last da! of the !ear
&nl! for the last !ear
The bill of exchange is drawn on which party ?
Detor
-
7/23/2019 JAIIB_MockTest_PPB
2/19
'reditor
$a!ee
Seller
promissory note is written by -----
'reditor
Detor
Seller
$a!ee
Which of the following statements is true ?
% ill of exchange is not a negotiale instrument
% ill of exchange need not e dated
% ill of exchange must e accepted ! the drawer
%mount of the ill is paid to the pa!ee
!inal accounts are prepared to show -----
(usiness results
"inancial position
(usiness results and financial position
(alances of general ledger
"ow the #Closing $toc%# is shown in final accounts ?
Deit side of trading account and asset side of alance sheet
'redit side of the trading account and liailities side of alancesheet
'redit side of trading account and asset side of alance sheet
'redit side of trading account
&romotional expenditure of 's(),**,***+- for promoting export sales in a new country whichresulted in high success is -----
'apital expenditure
Revenue expenditure
Deferred revenue expenditure
-
7/23/2019 JAIIB_MockTest_PPB
3/19
Discharge of liailit!
Balance sheet discloses -----
'ash position of the usiness
"inancial position of the usiness
$rofit earning capacit! of the usiness
Income position of the usiness
Bad debts recovered written off in the same year are recorded as -----
Detors account deit and ank account credit
(ank account deit and detors account credit
(ank account deit and ad dets account credit
Detors account deit and ad dets account credit
W. denotes -----
)ith area network
)ide area network
)orld area network
)ithout area network
When share applications are received, what accounting entry is recorded ?
Deit ank account and credit share capital account
Deit ank account and credit share allotment account
Deit ank account and credit share application account
Deit ank account and credit share ad*ustment account
Which of the conditions for issue of non-voting e/uity shares is applicable ?
Issue of non+voting e,uit! sharesshall e authorised ! the %rticles of%ssociation of the compan! andapproved ! the shareholders at theirgeneral od! meeting ! passing aspecial resolution
Such shareholders are entitled to allrights and onus shares ut do noten*o! voting rights
&nl! -/ of the paid+up capital ofthe compan! can e issued as e,uit!shares without voting rights
%ll of the aove
ccounting concepts are %nown as -----
-
7/23/2019 JAIIB_MockTest_PPB
4/19
%ccounting conventions
0%$$
US + 0%$$
%ccounting records
company may follow -----
'ash asis of accounting
ercantile asis of accounting
2!rid method of accounting
#one of these
!inancial statements are prepared to %now -----
%ssets of the usiness entit!
$rofit and loss of the usiness entit!
Liailities of the usiness entit!
%ll of these
ccounting standards are issued by -----
Institute of 'osts and )orks
%ccountants of India
Institute of 'ompan! Secretaries ofIndia
Institute of 'hartered %ccountants ofIndia
Indian Institute of anagement
person whose assets exceed his liabilities is called -----
Detor
Solvent
Insolvent
'reditor
Classified details of particular transactions is called -----
'ash ook
Ledger
3ournal
4rial alance
-
7/23/2019 JAIIB_MockTest_PPB
5/19
Dual concept results in accounting e/uation -----
'apital 5 Liailities 6 %ssets
'apital 6 %ssets
Revenue 6 Expenditure
'apital 5 $rofit 6 %ssets 5 Expenditure
Dual concept results in accounting e/uation -----
'apital 5 Liailities 6 %ssets
'apital 6 %ssets
Revenue 6 Expenditure
'apital 5 $rofit 6 %ssets 5 Expenditure
Which one of the following is false ?
Death of a senior manager of the firm is a transaction
Receipt of Rs. 1 Lac as award for the innovation is atransaction
Increase in the market value of shares is not atransaction
Extending the period of a fixed deposit receipt is not atransaction
0ndian 1il Company 2TD( is ----- account(
Real
$ersonal
#ominal
%rtificial real
Which of the following is not part of floating assets ?
Detors
'op!rights
Land and uilding
(oth 78 and 7 c8 aove
When depreciation is charged on furniture, furniture account is -----
Deited
'redited
#o effect is given
(oth deited and credited
The bill of exchange is drawn on which party ?
Detor
-
7/23/2019 JAIIB_MockTest_PPB
6/19
'reditor
$a!ee
Seller
promissory note is written by -----
'reditor
Detor
Seller
$a!ee
There are ----- parties in promissory note(
4hree
4wo
"our
&ne
!inal accounts are prepared to show -----
(usiness results
"inancial position
(usiness results and
financial position(alances of general
ledger
Balance sheet is
prepared to show-----
"inancial positionof the usinessconcern at thepoint of time
Results ofusiness of over
a period of time
% statementshowing assetsand liailities
(oth 7a8 and 7 c8aove
Which of thefollowing is true ?
#ominal accountcannot etransferred toalance sheet
-
7/23/2019 JAIIB_MockTest_PPB
7/19
(alance sheet isan account
'arriage inwardis deited toprofit and lossaccount
'losing stock is
alwa!s valued atcost price
&ayment of
's(3),***+- to 4r( for goodspurchased from himon credit is -----
'apitalexpenditure
Revenueexpenditure
Deferredrevenue
expenditure
Discharge ofliailit!
&ayment of leaserent of 's(5*,***+-for the factory for
current month is-----
'apitalexpenditure
Revenueexpenditure
Deferredrevenueexpenditure
Discharge ofliailit!
'eceipt of
's(6,***+- onaccount of sale old
tyers of the car is-----
'apital receipt
Revenue receipt
Receipt againstdues
Deferredrevenue receipt
Bad debtsrecovered written
off in the sameyear are recorded
as -----
Detors accountdeit and ankaccount credit
-
7/23/2019 JAIIB_MockTest_PPB
8/19
(ank accountdeit and
detors accountcredit
(ank accountdeit and addets account
creditDetors accountdeit and ad
dets accountcredit
2.+W. is usedby -----
Single user
Doule user
ultiple users
Limited users
When shareapplications are
received, whataccounting entry isrecorded ?
Deit ank
account andcredit sharecapital account
Deit ankaccount andcredit shareallotmentaccount
Deit ankaccount andcredit shareapplicationaccount
Deit ankaccount andcredit share
ad*ustmentaccount
Which of theconditions for issue
of non-votinge/uity shares is
applicable ?Issue of non+
voting e,uit!shares shall eauthorised ! the%rticles of%ssociation ofthe compan! andapproved ! theshareholders attheir general
-
7/23/2019 JAIIB_MockTest_PPB
9/19
od! meeting !passing a special
resolution
Suchshareholders areentitled to allrights and onus
shares ut do noten*o! votingrights
&nl! -/ of thepaid+up capital ofthe compan! cane issued ase,uit! shareswithout voting
rights
%ll of the aove
Which of thefollowing is not
part of #!ixed
ssets# in acompany balancesheet ?
0oodwill
Stock in trade
$atents9trademarks anddesigns
$lant andmachiner!
company mayfollow -----
'ash asis of
accounting
ercantile asisof accounting
2!rid methodof accounting
#one of these
2782
$&7CT$
ban%ing company can hold the immovable property beyond stipulate period if -----it is re,uired for its ownuse
it is for rental purpose
the propert! has gooddevelopment potential
propert! is ac,uired insatisfaction of its claims
The Ban%ing 1mbudsman is instituted mainly for settling disputes -----
-
7/23/2019 JAIIB_MockTest_PPB
10/19
(etween customers ofanks
(etween anks
(etween anks and thecustomers
(etween anks and
customers elonging toweaker sections
ban%er is entitled to debit the customer9s account in case of forgery of customers signatureon the che/ue provided -----
4he anker does not dout the onafides of the earer of the che,ue
4he anker examines the che,ue under an ultra violet lamp
4he signature though forged tallies in all respects
#one of the aove
ban%ing company can hold the immovable property beyond stipulate period if -----
it is re,uired for its own use
it is for rental purpose
the propert! has good development potential
propert! is ac,uired in satisfaction of its claims
The Ban%ing 1mbudsman is instituted mainly for settling disputes -----
(etween customers ofanks
(etween anks
(etween anks and the
customers
(etween anks and
customers elonging toweaker sections
Which one of the following statement is incorrect?
Special audit ma! e conducted onl! in the case of fraud
Special audit ma! relate to an! transaction
Special audit ma! relate to an! class of transactions
Special audit ma! relate to an! period specified ! the Reserve (ank
The capital of the $tate ban% of 0ndia is held -----
(! 'entral government alone
ainl! ! Reserve ank
(! the susidiar! anks
4he government and the pulic onl!
co-operative ban% includes -----
-
7/23/2019 JAIIB_MockTest_PPB
11/19
% primar! credit societ!
% primar! agricultural
credit societ!
%n uran:primar! co+operative ank
% land mortage ank
ban%er is entitled to debit the customer9s account in case of forgery of customers signatureon the che/ue provided -----
4he anker does not dout the onafides of the earer of the che,ue
4he anker examines the che,ue under an ultra violet lamp
4he signature though forged tallies in all respects
#one of the aove
ban%er can claim protection in respect of payment of che/ue under -----
(anking Regulation %ct
#egotiale Instruments %ct
SE(I %ct
%ll of the aove
&ayment in due course means -----
$a!ment in accordance with theapparent tenor of the instrument
$a!ment in good faith withoutnegligence
$a!ment to the person inpossession of the instrument
without having reason to elievethat such person is not entitled tothe amount mentioned in theinstrument
%ll of the aove
he term :4aterial lteration; in the case of a negotiable instrument means -----
%n! alteration to the instrument
%n! alteration of an instrument which
varies the rights9 liailities or legalposition of the parties
&nl! alteration which either increasesthe amount or extends the date
&nl! alteration that changes the pa!eesname
0n a che/ue, the signature and writing were forged, and forgery was so perfect that it was notpossible to detect it with the na%ed eyes( The ban% can plead that the payment was made -----
under mistake
ecause forger! was ver! perfect
in good faith
-
7/23/2019 JAIIB_MockTest_PPB
12/19
#one of the aove
0n Ban% guarantees the ban% ma%es payment on -----
(eing convinced that the eneficiar! has incurred loss
&n eing sued ! the eneficiar!
&n invocation of guarantee and after seeking concurrence of
the detor
erel! on demand ! the eneficiar!
Ban%s can issue -----
financial guarantee
performance guarantee
Deferred pa!ment guarantee
%ll of the aove
The dvising Ban% is also called the -----
'onfirming (ank
#otif!ing (ank
Reimursing (ank
#one of the aove
n usance bill is a bill payable -----
&nl! on demand ! the holder
%t a specific date mentioned therein
$a!ale onl! to the holder of the ill
)here the pa!ment is in a foreign currenc!
"ypothecation is -----
$ledge
ortgage of movale propert!
(oth 7a8 and 78 aove
#one of the aove
contract by a ban% to lend money to an individual will be governed by which of the followinglaws ?
Reserve (ank of India %ct
Indian 'ontract %ct
(anking Regulation %ct
one! Lenders %ct
-
7/23/2019 JAIIB_MockTest_PPB
13/19
The ban% can lend money to -----
minor for usiness activit!
minor for personal gain
minor for purchasing necessaties of life
#one of the aove
1n what ground the complaint for deficiency in ban%ing service can be filed with the Ban%ing
1mbudsman ?
Refusal to open deposit accounts without an! valid reason for refusal
#on sanction of loan
#ot accepting the compromise proposal in #$% account
(ank;s taking possession of securit! and sale thereof
proposes to sell the house to B( The proposal is complete -----
)hen % sends his proposal
)hen ( receives letter
(oth 7a8 and 78 aove
#one of the aove
person signed without reading the contents of standard format of document, he is -----
(ound ! the terms of the document
#ot ound ! the terms of the document
Entitled to outrightl! re*ect the document
#one of the aove
The delivery of goods to the Bailee means -----
%n act9 the effect of which is putting the goods in the possession of intended ailee
Delivering cash to the intended (ailee
Delivering immovale propert! to the intended (ailee
#one of the aove
-
7/23/2019 JAIIB_MockTest_PPB
14/19
)ill discharge the other
Does not discharge the other
)ill give new cause of action
#one of the aove
guarantees to C payment for iron to be supplied by him to B to the amount of =*** tons( B
and C have privately agreed that B should pay ) rupees per ton beyond the mar%et price( $uchexcesses had to be applied in li/uidation of old debt( This agreement is concealed from (Therefore -----
Is liale as a suret!
Is partl! liale as a suret!
Is not liale as a suret!
#one of the aov
0n a Contract of Bailment Bailor is bound to disclose the defects in the goods bailed to Bailee-----
of which the (ailor is aware
which materiall! interferes with the use of them
which exposes the (ailee to the extraordinar! risks
all of the aove
Principles and banking
2C is a popular product of ban%s( This is
a funding facilit! called letter of credit
it is funded facilit! called line of credit
it is a non+fund facilit! called line of credit
none of the aove
C0B02 is an organi>ation which is engaged in
collecting and distriuting information to anks
collecting application details and sumitting applications to anks
collecting and recommending loans to anks and guaranteeing the same
collecting and maintaining credit record of oth individual and usiness customers for the enefit ofanks
C0B02 is an organi>ation which is engaged in
collecting and distriuting information to anks
collecting application details and sumitting applications to anks
-
7/23/2019 JAIIB_MockTest_PPB
15/19
collecting and recommending loans to anks and guaranteeing the same
collecting and maintaining credit record of oth individual and usiness customers for the enefit of
anks
aluation of inventory is done using various methods( 1ne such is !021( The full form of this is
first in lost out
first in last out
firm in lest out
none of the aove
0n a ban% guarantee issued to customer ban% assumes the role of
principal
eneficiar!
guarantor
none of the aove
Bill discounting is done by ban%s in case of only
after sight ills
demand ills
after sight usance ills
after date ills
Documents of title to goods do not include
railwa! receipt
motor transport receipt
ill of lading
none of the aove
D'T ct is the popular name for
Det rehailitation trust
Recover! of Dets due to anks and "Is
Det rehailitation triunal
-
7/23/2019 JAIIB_MockTest_PPB
16/19
#one of the aove
T4s are typically deployed by ban%s for@@@@@@
wholesale anking
merchant anking
retail anking
all the aove
$avings accounts contain some restrictions regarding@@@@@
#umer of withdrawals per ,uarter
%mount of withdrawals per transaction in %4
#umer of deposits into the account per ,uarter
(oth 7a8 and 78 aove
ban%9s !ixed Deposits is characteri>ed by@@@@
"ixed:"loating interest rate as agreed with the customer at the time of thedeposit
"ixed period of the deposit
$eriodical Repa!ment of interest
%ll the aove
Anow our Customer AC guidelines are intended to @@@@
Estalish identit! with residence proof of the customers
$revent fictitious or =(enami; transactions
$rotect the ank from the risk of not acting in good faith
%ll the aove
0n ban%ing transactions, a customer is recogni>ed by his+ her@@@
Signature on record with the ank
$hotograph
2and writing
>oice
4r( is not maintaining the minimum balance in his account and is in the habit of issuing
che/ues without maintaining sufficient balance(,"is account has become an undesireableaccount due to unsatisfactory operations("e does not agree to close the account even after
repeated oral re/uests (0n this case,the ban% has @@@
right to close the account once che,ue ook gets exhausted
-
7/23/2019 JAIIB_MockTest_PPB
17/19
. right to close the account after serving notice and can close the account onexpir! of the notice period
c. right to close the account after giving pulic notice in the notice oard of theank
no right to close the account under the (anking &mudsman scheme
BC Ban% 2td filed a suit exclusively against the guarantor and did not opt to proceed against
the borrower(0n this case,which of the following is correct?
0uarantor is a favoured detor and the anks action is legall! not tenale
the ank has no right to proceed against the guarantor without concurrentl!proceeding against the orrower
the ank can not proceed against the suret! as suret! stands discharged ! suchaction of the ank
the ank can proceed against the ,uarantor and the ank;s action is certainl!tenale
n actionable claim is assigned in favour of more than one assignee at different points oftime(The priority of charge is determined with reference to the date of @@@@
execution of notice of assignment
execution of the written instrument for assignment
receipt of notice of assignment
receipt of written instrument for assignment
4r( has given his residential building in mortgage to a ban% for a housing loan(s he hasdefaulted for payment of 0ncome Tax,the 0ncome Tax uthorities sold the building for recovering
the dues(0n this case,@@@@@
(ank loan has precedence over income tax dues
Income tax dues are 0overnment dues and hence the! en*o! priorit!
(oth ank and Income 4ax Department can have pro rata claim
(ank will have precedence onl! if it is a registered mortgage
The document to be verified to ascertain the borrowing powers of directors is @@@@
emorandum of %ssociation
%rticles of %ssociation
'ertificate of incorporation
(oard Resolution
full-fledged T4 can offer the following services to customers 6( Cash Dispensing =( Deposit ofCash+Che/ues 3( tility &ayments li%e telephone bills, electricity bills etc ( 0ssue of Che/ue
boo%s Choose the most appropriate answer from the followingStatement 19-9? and @ are true
Statement 19- and ? are true
Statement -9? and @ are true
Statement 19? and @ are true
The following is not a feature of 'T8$E'eal Time 8ross $ettlement $ystemF
-
7/23/2019 JAIIB_MockTest_PPB
18/19
Instruction $rocessing
Settlement $rocessing
Li,uidit! anagement
$rofitailit! anagement
&0. in $mart Card is called ---
$ermanent Index #umer
$ersonal Identification #umer
$ersonal Index #umer
$ermanent Identification #umer
40C' technology used for clearance of che/ues by ban%s refers to -----
agnetic Ink 'haracter Recognition
agnetic Intelligence 'haracter Recognition
agnetic Information 'ale Recognition
agnetic Insurance 'ases Recognition
The term G"T429 connotes H
2!per 4ext arkup Language
2!per 4ranscription arkup Language
2igh 4ext arkup Language
2igh 4erminal arkup Language
!ixed deposits cannot be@@@@@@@@
Renewed for a further period on maturit! date
4ransferred to third parties
$re+paid efore the maturit! date
%ll the aove
.omination is not applicable in the case of@@@@@@
%ccount of an individual
3oint account of two or more individuals
%ccount of 2indu Undivided "amil! 72U"8
%ccount of a compan!
!or 0nternet Ban%ing a customer re/uires@@@@@
$ersonal 'omputer and telephone link
$ersonal 'omputer9 telephone line9 modem and Internet Service $rovider
-
7/23/2019 JAIIB_MockTest_PPB
19/19
$ersonal 'omputer9 telephone link and modem
$ersonal 'omputer9 telephone link and Internet Service $rovider
top related