Mock TestJAIIB Mock Test Principle & Practices of Banking Mock Test-04 By gyanedu15 - February 17, 2021 0 45 Facebook Twitter Pinterest WhatsApp Welcome to your Principle and Practices of Banking Mock Test- 04 Your Name Your Email 01. Which of the following can be taken as part of Off-balance sheet itemsa. Take out finance in the books of the taking over institutionb. Outstanding foreign exchange contractsc. Open position in goldd. All the above 02. Sales of an MSE unit for the previous year were Rs.200 lac. These are projected at Rws.300 lac for next year. As per Nayak Committee, the level of minimum bank working capital limits to be sanctioned would bea. Rs.40 lacb. Rs.60 lacc. Rs.20 lacd. Rs.100 lac 03. Which of the following guarantees, is not a financial guaranteea. Bank guarantee for supply of goods on credit basisb. Bank guarantee in favour of customs authoritiesc. Bank guarantee in favour of tax authoritiesd. None of the above 04. The process of maintenance of account books, discounting of bills and collection of bills on due date is called by a person other than by the seller:a. Securitizationb. Factoringc. Forfaitingd. Take out finance 05. Credit risk emanates from a bank’s dealing witha. Individualsb. Corporatesc. Banksd. Any of the above 06. Credit risk does not take form of :a. Bank guaranteesb. Treasury operationsc. Cross border exposured. Equity price change 07. A letter of credit is defined in which of the following:a. Indian Contract Actb. Companies Actc. Payment and Settlement System Actd. None of these 08. The forfeiter is an intermediary betweena. Exporter’s bank and importerb. Importer’s bank and exporterc. Importer and exporterd. Exporter & his bank and importer & his bank 09. The cases of deceased depositors where the claims have been received and are pending beyond the stipulated period are required to be reported to which of the followinga. Board of Directors of the bankb. Ombudsmanc. Reserve Bank of Indiad. Customer Service Committee of the Boarde. All the above 10. In a factoring transaction, where the factor retains the right to recover the amount from seller, if payment is not recovered from the buyer of goods, is calleda. Without recourse factoringb. With recourse factoringc. Advance factoringd. Back factoring Time is Up!