Jaiib Recollected:
JAIIB today's 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
4. Sections are asked from NI
Act around 6 questions
5.PMDJY - 3Qtns
6.A has
dream cheque at Delhi, and sent for clearing to bank Y where he has his AC, it
was returned due to insufficient funds
Which Court A can approach
A resident location
Delhi
Y Bank
7.Mandate holder features in two
questions
8.Can Two minors open a Joint AC?
9.LC issued for 10 lakh, at the
time payment it was found in the bills mentioned as 10.90.. can it be
acceptable or not Answer Accept
10.Use of DRS system to CBS
11.Matching of
Lien
Set off
Pledge
Appropriation
with
Rights of Physical property FD created before maturity of loan
12.Where as ASBA can be used
13.One qtsn Selective Credit
Control.
Asked to find out which is not a
feature of SCC
14.No of Cycle of a Product
15.Stages of Product
..4
16.What's your reason while
accept/not to accept to provide an acknowledgement for Loan request
17.Electronics chq is defined under sec...
18.Sec 6 ni act
19.Which asset cannot assign for loan?
Book Dept
LIC
Share certificate
Copy rights**
20.Minimum
credit rating of company for issue CP should be _
A1
AAA
Aa1
A3**
21.Asset of mutual fund are held
by
Custodian**
Registar
Trusstee
Amc
22.Corporate security dealt
with __market money market
23.Codes which are withdrawn by
RBI?
24.Question related to bcsbi was there..
25.Which one is stamp duty
Lc
Bill purchase
Bank guarantee**
Bill discounting
26.A partner acts as agent of firm is called______
27.In call money what% can
commercial bank take an advance?125
28.Electronic cheque is defined
in section 6
29.Under LRS resident can remit______
30.. Servuction means what,
31. Pull strategy pull means
demand, supply, price, quality.
32. Who introduces NEFT.
34. in joint account nominee is
their A expired in that what you will do.
35. Kotler marketing
defination.
36.Forfiating,factoring
37.BG
May 2018
Lc se
question tha
Lok
adalat
Ni
Indemnity
Gurantee
Collecting banker
Awards under banking ombundsman
5 questions from FEMA
Limitations act lot of 2 marks
Bailee bailor pledge mortgage
Mortgage 3-4 question English n equitable
Paid up capital
Securities questions
Saffaesi 2-4 questions
Lok adalat 3 questions
Ultra vires questions
Equity mortgage questions
Collecting bank 2 questions
JAIIB LEGAL RECOLLECTED:: Most important Previous years
questions
1. Section on which partners are defined
2. Tenure of director of banking company
Compiled by Srinivas Kante All the best
3. Preservation of records
4. Maximum share in company related one question
5. Question to the condition on which depositor has to
deposit-25% amount
6. Who has power to inspect bank-rbi officer, state
officer,police officer, custom officer
7. Bfs-one director nominated by
8. Central government power in banking
9. Term loan given and default occurs-limitation period-3 years
10. A issued a check with amount 300 and left space in both side
i.e. in words as well as
figure. Some employee forged it to 3300 unknowingly and sign
style was little different
but it was cleared-who should be responsible
11. Question related to responsibility of collecting banker
12. A cheque is a drawn on some bank what collecting bank should
do
13. Check crossing related one question
14. Liability of paying banker
15. There is one partnership firm ABC. With operation E/S upto
the limit of 5000. A
draws cheque to B for 4553. B transfers it to his account…then
who is liable wand what
is the role of bank here
16. A minor shares profit of the firm does he will be have
liability with the firm if
something went wrong
17. An OD facility is given the customer he but he has drawn
beyond his limits and also
many cheques have been returned-what a bank should do?
18. To which type of company there is restriction on transfer of
share-private company
19. Main objective and other objective are mentioned in-MOA
Compiled by Srinivas Kante All the best
20. Question based on types non fund based credit facility21. No
of parties in indeminity-2
22. A lost FD and asking bank to reissue duplicate bank issues
it- what is the role of A
here?-indemnifier
23. Right of indemnity holder related one question
24. Types of bank guarantee based one question
25. Liability of a bank to honor BG
26. What does negotiating bank does?
27. Question related to with recourse and without recourse lc
28. DPG-deffered payment guarantee based question
29. One case study was given with relation to simple mortgage
and equitable mortgageratio
of share on default was asked
30. Types of mortgage with examples, gold loan, car lone, home
loan, lic policy arrange
it
31. What is fixed charge
32. Registration of charge-central registry
33. Banking ombudsman:
a. Matters where complain ts can be made
b. If not satisfied with BO then to whom w e should approach
34. Effects of non-registered company
35. DRT AND DRAT based question:
a. who is higher authority of drat
b. power to modify drt-central go vt
c. case related where only it can be handled by DRT
Compiled by Srinivas Kante All the best
d. Property is somewhere loan is taken from another place where
drt has to be
approached?
36. SARFAESI ACT based question:
a. Validity
b. Security interest
c. Security receipts
d. Cancellation of re gistration of SRC
e. Powers and its applicability , enfor cement of security
interest
37. A guarantees OD for his son that it will be paid- which type
of financing it is?
38. Bankers book evidence-prima facie related question
39. Consumer complaints
40. Who is the head of state consumer protection
council-minister in charge of the
consumer affair?
41. Question related to tds and TAN NUMBER
42. CONDITION of contract
43. Liability of surety
44. Bailment of goods
45. Right of unpaid seller
46. Rti applicability area
47. Supply bills related 2-3 questions
a. It is related to whom
b. To whom it should be financed- 2 marks
48. Hypothication
Compiled by Srinivas Kante All the best
49. Pledge
50. Mortgage
51. Charge
52. Contract of sale
53. Minor account
54. Question from FEMA
55. Reverse mortgage
56. Fees of RTI
57. Term of director of bank
58. Who is regulatory authority of DRT
59. Security receipt
60. Floating charges/Fixed charge
1. Members of public and private company - Public - Min-7,
Max-No Restriction. Private -
Min-2, Max-200
2. No. Of directors in public and private company - Public - 3
to 15, Private - 2 to 15
3. Interest payable by RBI on CRR - 0 %
4. Pledge hypothetican
5. What is equitabe mortgage
6. NI Act
7. RTI
8. Questions based on limitation period
9. Diff b/w partenership and company
10. Questions on mortgage and cheque
Compiled by Srinivas Kante All the best
11. Heads of object of memorandum of association
12. Related equitable mortgage
13. BR act
14. Partnership accounts
15. Person appeal to drt after receiving reply from sc with in
period of
16. payment and settlement system regulated by
17. About mortgage types 4 questions
18. FEMA deals with transactions of
19. Bailment & pleadge
20. Equitable morgatge
21. Lc
22. Deferred payment guarantee
23. Limitation
24. In how many days TDS file to gov
25. For cancel of lease or rent how many month notice?
1. Section 131
2. Actionable claim
3. Which one is NI
4. Equitable mortgage
5. Mortgage deed is necessary foe which mortgage
6. Which LC is called anticipatory credit
7. Members and directors of pvt and public company (2questions)
8. Which is not a company classified under liability category
Compiled by Srinivas Kante All the best
9. With what memo a cheque should be returned if collected by
one bank and presented
by other bank
10. When a partnership will dissolve
11. Demand notice period under SARFAESI-ACT
12. DRT is applicable for : SBI, nationalised, RRB, all
13. DRT
14. Bank Guarantees
15. Many questions on mortgages
16. Income tax act
17. Preference shares
18. LC
19. Bill of exchange
20. Agreement
21. Hypothecation
1. Clatons rule
2. Minimum directors-3&2
3 Around 8 qtns from mortgage. like english, equitable, act for
mortgage etc.
4. 4 qtns from MOA & AOA of company
5. Doctine of constructive
6. Diff. partnership and company
7. Indemnity-loss of fdr
8. Hypothication
9. Ddiff. pledge and lien
Compiled by Srinivas Kante All the best
10. Consumer complaint act-complainant
11. Credit card award-1 lakh
12. Common seal
13. Green letter of credit
14. Negotiating bank
15. Surity is -secondary
16. Deffered guaranty
17. DRAT head post
18. Chq alteration not visible to naked eyes bank not liable
19. SARFAESI Act apeal to drt in how many days 45
20. LC credit related question credit allow something like that
ans green lc
21. BO related complain how many days to dispose by BO.
22. RTI how many days to required by the PIO to settle the
information.
23. Not registerd partnership firm related question can sue or
not.
24. Min No of director in public and private
25. Arbitrage
Under which section of income tax donations come? - 80G of the
Income Tax Act
Min and max no of member in private companies - 2 & 200
No. of members in public limited co (Min & Max) - 7 &
unlimited
Banking ombudsman applicable - in whole india
Indemnity which type of liability? - Contingent.
Who can rectify the clerical or arithmetical errors in order
passed by DRT? - Presiding
officer
Compiled by Srinivas Kante All the best
Which income doesn't come under service tax? - Interest income
Within how many days can a consumer file complaint if he is not
satisfied with the
service? - 30 Days
Which is the negotiating bank in case of LC? - Exportrs country
bank
Relationship between bank n customer in case of pledge -
pawnor-pawnee'
Debt recovery tribunal established by - Government of India
under an Act of Parliament
(Act 51 of 1993)
How many types of LC ? - 8
Jurisdiction of appellate tribunal - The Central Government is
also empowered to decide
and specify the areas within which the tribunal may exercise
jurisdiction for entertaining
and deciding the applications filed before it.
DRT applicable - Above 10 Lakhs
DRT is controlled by - Recovery of Debts Due to Banks and
Financial Institutions Act
(RDDBFI Act), 1993
RTI is not applicable to - J&K
UCPDC 600 is in respect of - Letters of credit
Pay as you earn is a...... tax - is a withholding tax on income
payments to employees
20% profits should maintain with rbi - NBFC
NI act application - Whole India
Cersai time limit - within 30 days of creation of mortgage
Bills payable on demand are - paid when the payee asks for it.
Term of every member in national commission - 5 years or up to
the age of seventy
years, which ever is earlie
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A securitization company carries out the function of -
Acquisition of financial asset from
the originator
Limitation period of for takng immovable property under
sarfaesi? - 12 Years
Amount of TDS should be submitted before how many days? - 7th of
the next month
Number of directors of private company? - 2 to 15 (Min &
Max)
Casual vacancies of directors can be filled by? - the Board of
Directors at a meeting of
the Board
Collecting bank will get safety under NI act for what - Forged
sign of endroser
Which is not consider as NI - Share
Tax dedcuted from salary has to be payed as on - Monthly basis
Limitation perod for foreclosure is - 30 Years
Llimitation perod for possession of immovable property is - 12
years
Banking regulation act 1949 - Regulates banking
Banking ombudsman 4 questions
DRT appllete is headed by ........appointed by central govt.
LC 3 questions case study 1
Advising banking is called......
Whether advising bank is to take part in liability of LC
Macmillan book back questions 5-6 - Average 3-5 questions coming
Key used to create digital signature.....Private key
RTI Act .....Getting info from.....Public authorities
Exemption of RTI Act
Bankers book evidence 2 questions one from Macmillan book
Compiled by Srinivas Kante All the best
How much we have to pay to get copy from the abovesaid paper n
copies...
Sarfaesi 3-4 questions out of one case study....
What type of charge in case of goods under manufacturing.....
Under pledge unlike mortgage....Some differences were given in
the options
N deposit in bank Z with branch manager C .L is the introducer
of N.N got LOD from
that bank.Who has lended to whom?
R has shares in limited company.R dies what will happen to
shares.....?
In case of safe deposit vault, customer is called as....
X a customer lost the TDR and bank gave duplicate receipt
receiving indemnity from
X.Here who is indemnified to whom?
Parties in a contract......
Bank guarantee 2 questions...
What is reverse mortgage
Tenure of banking ombudsman
Fee require for RTI
Mode of accepting complain by banking ombudsman
One question on arranging orders for different type of mortgage
One question on arranging orders for different type of charges
Limitations period will be extended,-on credits to ac
Material alteration of cheque without authentiaction of bearer
Bank buy a cheque from A and give advance but cheque got
returned-from whom bank
will recover
A presented a cheque for clearing and went abroad, cheque got
returned for financial
Compiled by Srinivas Kante All the best
reason after I year. A returned and found no credit in his
account and bank lost the
cheque- responsibility of bank and customer
Lmitaton period of of account
Lok adalat is conducted by....
No. of max members in pvt company - 200
........................................
Pawnor pawnee
The bailment of goods as security for payment of a debt or
performance of a promise is
called "pledge". The bailor is in this case called the
"pawnor". The bailee is called the
"pawnee".
............... .........................
Min deposit to appeal to DRAT - 50000
........................................
Min and max directors in public limited co -
........................................
Complaints can lodge to banking ombudsman through - Authorised
Representative
........................................
Safe custody of articles.. Bailment
........................................
Clubs n societies r registered under - either under the
Companies Act, 1956 or under the
Societies Registration Act or the Co-operative Societies Act
........................................
Sale notice period ie. 30 days
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........................................
Authorized officer of public sector bank min designation.. Chief
manager
........................................
Jurisdiction of filing suit - at place of mortgaged property
situated
1.Deffered credit
2.minimum and maximum members in private company..
3.accalaration.
4.equity mortgage..
5.demand biill also called as sight bill.
6.presiding officer tunere...
7.relationship in safe locker ..bank customer.
8.relatioanaship in loan on FD..
9.pladge..
10..origanater.
11.about drt
12.3days for book evidence..
Under how many phases is cases of sarfaesi settled under civil
courts?
EM is required to be done in specified town of property
Payment to minor
Right of member in a company
Fund based non fund based
Metropolitan Magistrate
Endorsement in cheque
Compiled by Srinivas Kante All the best
Advantages of corporate form of enterprises
To whom the assignment notice send in case of loan taking
against insurance policy
Lok adalat max compensation?
Banking ombudsman
Title deed not required to be deposited in whch type of
mortgage?
Mortgage-transfer of property act
Sale of goods act
partnership
Huf law
Safe deposit locker
FEMA
3 - 4 case studies on protection to collecting banker and paying
banker
Appointment of banking ombudsman , regulation of tenure of
banking ombudsman
Minimum and maximum number of members in private company
2-3 questions from MoA and AoA
Object is described in MOA /AOA
Difference between partnership and company..
If a director in company wants get member of another company
what needs to effect in
both companies article of Asso.
For how many years a banking company use non banking assets- 10,
11,12 or 15 years
Mutual fund transaction which kind of account in dealing foreign
transaction.
RTI act not applicable which of the following
Renounce sport board
Compiled by Srinivas Kante All the best
Cabinet ministry
AD bills
Floating charge
Fixed change
If a customer deposit an order cheque to A bank and A bank put a
collection stamp on it
but customer take the cheque and deposit to B bank but B bank
return the cheque.What
The B bank site the return reason
National commission tenure
What is the conversion?
HUF created by
Who pays money to beneficiary in LC
Appeal days in DRT
............................. ...........
E filing
system in charge registration
........................................
Contract
two to three questions
........................................
SARFAESI
act applicability
......................................
..
DRT
Applicability
.........................
...............
Banking
omb
.....................
...................
Compiled by Srinivas Kante All the best
According
to tax lawas income definition
........................................
Major
powers of RBI
..............................
..........
Rti act
...........
.............................
Law of
limited for foreclosure of mortgage
........................................
What is
called judgment of Banking ombdsuman is.Award
........................................
Indemnity
security
or protection against a loss or other financial burden.
security
against or exemption from legal responsibility for one's actions.
........................................
Deferred payment guarantees
