WHY WE SHOULD BE SMILING ALWAYS? very good article must read:::

  WHY WE SHOULD BE SMILING ALWAYS? very good article must read:::

Everything is valuable, only twice in our lifetimes:-

1. Before getting it, and

2. After losing it!

Two things bring happiness and success, in life.

1. The way you MANAGE, when you have nothing, and

2. The way you BEHAVE, when you have everything!

The NICEST place to be is in someone's Thoughts, and

The SAFEST place to be is in someone's Prayers.

One of the greatest victories that you can gain, over someone, is to beat him, at politeness.

Keep your face to the sun, and you will not see the shadow!

A deaf child says, "For all of you, I am deaf; but for me, all of you are dumb"!

Life differs, according to each person's perspective.

Live the way, you want to.

Ego is the only requirement, to destroy any relationship. Be a bigger person. Skip the "E", and let it "go"!

One good thing about Egotists - they don't talk, about other people!

Getting angry is punishing yourself for the mistakes of others!

Trust, is like a STICKER. Once it is removed, it may stick again, but NOT as strongly as it held, when first applied. Always take care, of relationships.

Everything about the future, is uncertain. But one thing is for sure. - God has already arranged, all our tomorrows. We just have to TRUST HIM, TODAY!

NEVER win people, with arguments. Rather, defeat them, with your silence! Because, people who always wish to argue with you, cannot bear, your silence!

The search for happiness is one of the main sources, of unhappiness.

Diplomacy is the art of telling people, to go to hell,

in such a way, that they tend to ask you, for directions!

If a drop of water falls on a lake, its identity is lost for ever. But if it falls on a lotus leaf, it shines like a pearl. The drop of water is the same. But it is its surroundings that matters.

Our HOPES should be like our hair & nails. No matter how many times they get cut, they never stop growing.

If you walk the way guided by humans, you will find a hopeless end. But if you walk the way guided by God, you will find endless hope.

Memories are always special. Sometimes we laugh, remembering the days we cried. Sometimes we cry, remembering the days we laughed!

That's Life!

The sea is common, for all. Some take pearls from it. Some take fishes from it. Some come out, just with wet legs!

The world is common, to all. What we get, is what we try for!

Life, is very complicated. When you have standards, people call it ATTITUDE.

To smile without condition,

To walk without intention,

To give without reason, and

To care without expectation,

Are the beauties, of any relationship!

All communication problems, are because we don't listen, to understand. We only listen, to reply!

There are many languages, on earth. Smile speaks them all. Keep smiling

Do's and Don'ts of Loans and advances

  Do's and Don'ts of Loans and advances

With fast promotions and less experience most managers/ officers find it tough to handle the advances pressure of the branch. Let me tell you advances or loans which are done in pressure normally turn bad/ NPA. So its better to have thorough knowledge of advances before going for the dip. Here I present you the checklist while doing documentation or appraising loan cases and NPA Prevention-.

*1) KYC*- yes KYC is must. You must first identify the customer. It is better to approach the customer rather customer approaches you. Sometimes borrower is not selected properly he is either new customer or introduced by another stranger or middlemen. Never involve middlemen, talk to customers directly. Avoid giving multiple loans to single party/ family or a group, to minors, lunatics or insolvents. It is compulsory to complete all the KYC norms before even thinking of giving loan. For KYC the following things are to be taken care of-

a) Proof of Identity

b) Proof of residence

c) Proof of business address

d) PAN number

e) Photocopies of all these must be verified with original and also get them signed by the borrower and kept on record.

*2) Understanding Credit Cycle*- the credit cycle consist of credit opportunity -> Credit Creation -> Credit management -> Credit Completion -> Credit creation. Which ever branch you land at you will find loans in one stage or the other.

*3) RBI’s Defaulter List*- it must be confirmed from RBI’s Defaulter’s list, available on RBI’s website. Confirm that borrower/guarantors name do not appear in the defaulters list and confirmation of same must be put on record.

*4) CIBIL reports* – next step is to search the CIBIL reports of the borrower and guarantors in all loan cases and commercial CIBIL report in case of firms/ companies. CIBIL reports should be analyzed thoroughly viz. whether borrower/ guarantors availed loans from other banks or financial institutions is there any overdue amount. There should be documentary proof to satisfy these irregularities.

*5) Search CERSAI or CIBIL Mortgage site*- if mortgage of property is involved in the loan then before proceeding further search should be made on CERSAI or CIBIL Mortgage site to ascertain that there is no mortgage outstanding against the property in any other bank/ FI.

*6) Loan safety*- safety of your loan is directly related on the basis on which decision to was taken, type and quantum of credit to be given and terms and conditions of the loan. But practically no loan is safe as we can’t see what is going on in the borrowers mind. Loans with all proper documentation and all due diligence paid also goes NPA. But still you can wisely apply points mentioned in article and save a going to be NPA loan.

*7) Pre sanction Visit*- next step is to visit the residence place of borrower, place of unit and property to be mortgaged. Pre sanction visit is basically to determine the “bank-ability” and access related riskiness of the proposal. Identification of borrower and site must be ascertained beyond doubt by inquiring from neighbors and other surrounding people. The whole observations must be noted down and to be placed on the record.

*8) Assets and liabilities Reports*- assets and liabilities statements of all borrowers/ guarantors must be prepared on prescribed format mentioning full detail of assets & liabilities duly signed by borrower/ guarantor and accountant/ manager. You should also take necessary proof of asset and liabilities be taken.

*9) Balance Sheets* – in case of working capital limits 3 years balance sheets of the unit along with income tax/ Sale tax returns etc.( for higher amount get audited balance sheets) projected balance sheets of next 2 years in cases of working capital limits and for the period of loan in case of term loan is mandatory. The balance sheets must be thoroughly analyzed and sanction-able limits be assessed. You should analyze the following points in balance sheet-a) How capital or fund is raised?

b) How capital or fund is utilized?

c) Financial stability of firm.

d)Profitability?

e) Repayment capacity.

f) Expenditure analysis.

g) Sales achieved.

h) Existing loans and liabilities.

*10)Project report*- project report ( for the proposed project if term lending is required) containing details of the machinery to be acquired, price, name of suppliers, capacity utilization assumed, production , sales, projected profit and loss and balance sheets for the next 7-8 years till the proposed loan is to be paid. Project report should be analyzed and feasibility be ascertained.

*11) Credit Rating*- credit rating must be done in all the loan cases as per bank’s guidelines. Retail loans like Housing Loan, auto loan, and education loan should be done as per bank norms. Rate of interest should be fixed as per credit rating. In agriculture loans there is no need of credit rating. Credit rating should be done judiciously based on analyzing balance sheets. Always avoid sanctioning loan credit rating below 3.

*12) Legal opinion*- verification of title deed of property to be mortgaged is utmost necessary. It must be ascertained that it is original not fake, scanned copy or duplicate one. In Legal opinion revenue authority should personally verify that title deed to be mortgaged tally with the one kept with revenue records. Must get certified copy of the title deed and tally it with original Title deed. Also take certificate from advocate that certified copy tallies with the original one. Thoroughly read the legal opinion given by the advocate and observe that there is no objectionable which goes against the bank’s interest. Also obtain all the documents mentioned in the legal opinion. Here it is also important to personally verify that submitted title deed belongs to the property you visited earlier. Also make sure that SARFAESI act 2002 is applicable on the property. Certificate of change of land must be took in case unit to be financed is to be built on agriculture land.

13) Any additional limit sanctioned against same securities already charged to the bank ensure-

a) To extend charge to such limits too.

b) All concerned should be kept informed.

c) Acknowledge debt / balance conformation with the borrower.

*14) Valuation*- valuation of property to be mortgaged is to be done from valuer on banks panel. Considered value is earlier circle rate or realizable value which ever is lower. After that realizable value can be considered. For agriculture land circle rate fixed by the collector revenue for the area/ Circle. Land revenue Authority/ Tehsildar/ DM/ or any other authority for determining the valuation of land should be considered. Valuation report of the valuer must be thoroughly analyzed that it should not contain any comment which may harm the bank’s interest on later stage. The title deed, revenue numbers, area of the land must tally with deed/ legal opinion and valuation report.

*15) Filling of Appraisal note*- after verifying all the documents the appraisal note should be filled. Care should be taken that full detail should be filled and it should be complete in all respects. Appraisal should reveal whether proposal is fair banking risk. documentation forms the basis for legal relationship between bank and borrower. Following points should be taken care off:

A) Information of the borrower: name, full address, phone numbers, PAN no., date of birth and net worth and constitution should be given.

b) While processing credit processing figure out both positive and negative points on a piece of paper.

c) Now compare the proposal with circular of the bank. All circulars have checklist. Tick point by point and figure out gaps if any. Also jot the measures that you or the party needs to take to fill those gaps.

d) Get confidential reports from other bank and FI.

e) Amount of loan and purpose of loan should be given in full.

f) Constitution of account- whether account is individual/ joint/ co- borrower/ proprietorship/ partnership/ pvt ltd. Co/ ltd co.

g) Full details of his accounts with other banks, branches should be given in full detail.

h) Information of guarantors should be given in detail viz. name. address, PAN number, Date Of Birth, Phone no. , net worth etc.

i) Detail of Primary security should be given in full as related to the case e.g. if it is mortgage of property full address as mentioned in the legal opinion should be given along with date of legal opinion and valuation report and values viz. market value , realizable value and accountant/ manager with date. If hypothecation of vehicle – its RC no, date, engines no. value, date of insurance etc.

j) Similarly for additional security full detail should be given as the case may be.

k) Balance sheet figures should be given in full, preferable consisting of last 2 years audited figures, current year’s provisional figures and projected figures of next 2 years. Ratios like current ratio, debt-equity ratio etc. must be calculated and filled. Observation about balance sheet must be mentioned in the note.

l) Credit rating must be mentioned in the note and based on it rate of interest should be mentioned by quoting circular no on which it is based.

*16) Repayment*- detail of repayment mentioning amount of EMI, duration in months must be mentioned. If moratorium period allowed then it must be mentioned and also mention date of first installment.

*17) Disbursement*- in case of term loan, disbursement should be as per schedule approved by the bank. In case of housing loans disbursement should be related to actual progress in implementation of project. For that you should visit the site periodically. For any delay in project you should seek the borrower’s arguments. Also monitor costs being incurred and scrutinize receipts being produce by the borrower.

TIP- “Never disclose the date of disbursement to borrower”

*18) Role of periodic inspections*- periodical inspections enables bank to keep check on the stocks hypothecated to bank. Now what you should do in periodical inspections? –

a) Obtain basic info on the functioning of unit.

b) Do physical verification of the stock.

c) Match the stock with the stock statement given.

d) Do rough valuation of stock on MRP or market price.

e) Quality of stock hypothecated to bank. It should not be of inferior quality what is charged to bank or obsolete or rejected stock which is of no market value.

f) The bank’s name should be prominently displayed onsite the unit where goods are hypothecated to bank. E.g. *“OUR BANK , SBI bank* Board like this should be displayed outside.

g) In case of pledge- ensure that storage area is properly maintained, earthquake and flood resistant, goods are stored in a proper manner, stock audit is regularly conducted and a proper register is maintained.

h) Also note that the stocks or securities that are offered should be adequately insureand that too on continuous basis.

i) Branch should maintain a inspection register where all the findings at the site should be noted. It is a good idea to take 2-3 snapshots and paste them on register with signature of visiting officials.

j) Inspection should be done vigorously and not pre-informing the borrower and telling him to prepare tea/snack(on a lighter note). Inspection should be done without even making borrower know that you are going to visit and which date or time. Just caught the borrower red handed only then you will come to know how he behaves and looks in real life.

k) In case if housing loans, visit office of sub registrar or revenue office to verify charge of bank on the mortgaged property.

*19) CERSAI*- after disbursing the mortgage related cases the mortgage must be registered with the CERSAI within one month of mortgage. It is mandatory and registered number must be mentioned in the loan file.

*20) Post sanction appraisal*- post sanction appraisal generally deals with documentation of the facility and after care follow up. One must carefully view the transactions on the loan/ CC facility given. Non payment of interest on due date should be immediately followed up with the borrower. In case of CC frequent overdrafts should not be allowed. Also transactions with sister concerns should be monitored. Scrutinize the stock statements which are periodically submitted. Physically verify the securities and books of accounts of the borrower.

*21) ROC*- in case of pvt and public ltd. Companies, the banks charge on assets of the company must be registered with ROC within 30 days of creation of charge. The search report of this charge must be on the record.

*22) Review of borrower’s account*-periodical review of borrower’s account is necessary for-

a) NPA control- if you can identify some odds during initial stages of account the you can easily minimize your future NPA.

b) Taking preventive measures for improvement in cash flow slippage into substandard/ doubtful category.

c) Necessary to ascertain if business is doing good or bad. If bad then take preventive measures.

*23) Vetting*- the executed documents of loans of larger amounts must be got vetted from advocate on the banks panel and certificate should be put on the record. In case of larger loans the documents must be got vetted second time from another advocate on the banks panel and certificate be put on record.

*24) Post sanction follow up* – for post sanction follow up ensure terms and conditions of sanction is intimated to borrower well in advance also ensure borrower advised the same. Ensure receipt of acceptance of terms and conditions and kept on record and are fulfilled before disbursement.

*25) Post lending visit*- this visit is very important to verify the end use of funds. Assets to be created by the loan sanctioned must be verified physically and facts noted in the visit report.

*26) Renewal or revival*- renewal or revival of accounts must be done on due date on basis of latest financial documents.

The checklist is only indicative and not exhaustive. The guidelines may vary. But It will help people dealing in advances portfolio to take judicious and prompt decisions dealing loan proposals. The mantra for good credit is simple –

*“Good system of appraisal/ assessment of credit Needs and Effective supervision and follow up post sanction”*

💎*22 Pearls of financial wisdom*💎

  💎*22 Pearls of financial wisdom*💎

*1) Bonds are for storing wealth and equities are for creation of wealth*.

*2) In my opinion, the biggest asset one can have is zero debt*. 

*3) The greatest discipline in personal finance is living below your means*.

*4) As Ben Carlson says, emotions cannot be back tested. That’s why past bear market always looks like opportunities and future ones scary*. 

5) Early financial independence and early retirement are completely different. To me, the former is a blessing and the latter is a curse.

*6) Don’t think how it would have been if you’ve started 10 years ago. Start today and visualise how you would feel 10 years from now*. 

7) The neighbourhood we live determines our life style & spending. Need to be careful in choosing one which matches our goals and personality.

*8) Paying minimum balance regularly on credit card is the maximum sign that you’re getting into debt trap*.

9) Many are long term investors till next bear market. 

*10) Don’t take aggressive bets. Take measured risk. Remember one blunder can push you back by a decade or more in terms of wealth*. 

11) Big money can be made through high savings, wise investing and lots of patience. 

*12) One sign of progress in individual investor’s portfolio is no churn or very less churn*.

13) Trying to get rich fast is a foolproof way to lose what we have.

*14) Losing opportunities is far better than losing money. Don’t invest in fads*. 

15) “Making as much money as quickly as possible” is not an investment strategy. Unfortunately for most of us that is the strategy.

*16) Aggressive strategy cannot be a substitute for high savings. Save high and take moderate risk than saving less and taking high risk*. 

17) The day we realise not losing is as important as winning; we would stop blindly chasing returns. 

*18) Good periods are more than bad periods. By not timing, though we go through bad periods, do not miss even a single good period*. 

19) We’ll stop looking for quick money the moment we consider stocks as businesses and realise that our wealth grows in line with business growth.

*20) There are periods of high returns, low returns, no returns and negative returns. We need to go through all these to get long term returns*.

21) Listening to market forecasts is not only useless but can be very harmful too; if you start acting on them.

*22) The hard truth is only around 3% of our population are in a position to aspire for financial independence. Don’t waste this rare privilege*.

Ethics in Banking recollected questions on 13.03.2022

Recollected questions ethics in banking 13.03.2022 10am

1. Special ethics

2.characteristics of good corporate governance

3.meta ethics 

4.job discrimination based on

5.dignity

6 honesty

7. Whistle blower

8.neutraility

9.vital factor in banking ethics - trust

10.components of virtue - phronesis

11. Types of utilitarianism - hedonistic utilitarianism

12. Act utilitarianism

13.libertarian view of the distributive justice

14.hobbes - father of mordern ethics 

15.non consequentialism 

16.features of preample of RBI act,1934

17.values , norms , beliefs

18.case study on conflict of interest

19.csr sustainable development - IFC principles on project finance (equator principles) and carbon trading

20.major causes for unethical behaviour at work places

21.ethical commitment of Banker at middle management stage - 7-15 years after joining banking sector

22.major ethical qualities expected of a banker

23.leadership styles - immoral, moral and amoral

24.Banks should have cyber security distinct from IT policy

25.RBI keep identity of complainant secret in PROTECTED DISCLOSURES SCHEME FOR PRIVATE SECTOR AND FOREIGN BANKS 

26.four broader aspects of why banks need a separate code of ethics 

27.industrial design - intellectual property

28.definiton corporate governance

29.separate roles for managing director and chairman - Uday kotak committee

30.liberisation, privatisation, globalisation - economic reforms

31.fraud amount above 25cr in PSB reporting to BSFC -CBI

32.industrail sectors more pollution index score - red category

33.PI index score range 0 to 100

34.NO red category industries shall normally be permitted in the ecologically fragile area / protected area

35.categorization of industrial sectors based on

36.montreal protocol - ozone depleting substances

37.environmental concerns for India

38.chipko movement - uttarakhand 

39.MNC definition.

40.questions regarding child labour

41.benefits from MNCs

42.OECD principles on corporate governance

43.millennails behaviour - unacceptable

44.differenr Business cycles

45.2-3 questions based on committee

46 .2-3 case study questions

Single link for JAIIB Recollected

 Jaiib Legal Recollected: 2018 May

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
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
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
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
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
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
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
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
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

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
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
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
........................................
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
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
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
..................... ...................
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

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 implied pledge
2 Q on NPA
Death case of a partner in chq
Match pair in bank customer relation
Bank guarantee
MSME
Education loan
Daily limit of mobile banking transaction
CPU consists of
Bima yojna
Sarfaesi act
Currency issue by rbi
Problem on L C.
National payment corporation of India set up by?
Crop loan interest subvention rate? Upto which amount?
Soiled notes incentive per packet?
Safe custody relationship banker and customer?
MCLR
Education loan covered under Priority sector upto limit
Credit gurantee for education loan upto what amount
CGTSME Limit
Validity of agricultural loan
NRE NRO questions
NPCI
Multi brand
Sericulture
Gorpher related qustion
eKYC
KCC loan related qustion
Which of these control LAN traffic : Central Node, Firewall, Hub, Repeater
Validity of dpn in loan documents?
SLR
RBI has share of - central or state govt?
Market stabilisation scheme related to -sebi or RBI?
Does bank charge anything for activation of dormant charges?
What is kite flying in banking?
Minimum days for fixed deposits?
Provisioning norms for sub standard assets?
Which is a process of disaster recovery? prevention monitoring recovery or testing?
Bank should not sanction to a loan until 5 yr?
If it is in RBI defaulter list or bank declares wilfu l defaulter.
CIC can display name if loan os is 25 lakh and above? If account is doubtful or loss.
. Rbi prepare it's monetary policy with- finance minister,dy governor,ED,governor
. KCC is for -short term crop production
To buy pumpset, to meet consumption pu rposes.
Rule of Clayton's applicable in
Right to set-off or bank general lie n,particular lien.
Decline stage where-sale is stagnat and cost is fixed.
Mortgage where mortgagee promise to return if paid due amount-conditional
mortgage
Why people will prefer bank- acc to service or location
Which doesn't include in 4c-customers choice.
What improve product marketing-packaging,perishability.
A and B has former or survivor ac. A dies.legal heir of a claim.who will receive.
Basel 3 should have how many %risk weight age.-4.5%
How much % need for pan for agril advance?10%of anbc of off balance sheet items.

Directors of public company
Types of company
Doctrine of ultra vires
Punishment in money laundering
Sarfeasi act
Banking ombudsmen
Partnership
Min and max no. Of members in private company
Basel
Minor account
Lost DD which doc obtained?
Urban co op bank regultd by
Demutualisation
NSE charge
KYC
Prime minister atal pension yojana
How loan in KCC get NPA - Not paid after 2 crop session in short term. 1crop session in
long term crop session.
Cheque truncation
Payment bank
Robert lanterborns 4p & 4 cs
High attrition rate
MTC Basel III
Clayton's rule
Provisioning in prio sector
Types of mutual funds
Types of LC
Network topology
Marketing mix
Purpose of marketing and pricing
Provision for standard loan sanctioned under SME
Right to Set off
Appointment
Lien and charge
Jandhan
Minimum qualification for agri clinics
Is export credit part of priority sector
Is bill of landing negotiable instrument
What is the ombudsman within banks called
Power of attorney questions
Relational information systems
How bank use social media
Pos limit per day
Oldest net in india
Horizental merzer
Government shares in rbi
Priorty sector advances in micro enterprises
Simplex transmission
IT risk in company
Land mark in electronic fund transfer
Function of cibil
LAN connection
White Label ATM
Which is not a type of topology
Setoff of the customer who is having bad debt of some amt n having credit balance in
his deposit account at different branch
but your bank is not yet CBS operated what step need to taken
RBI can stop a branch on voilation of ?
Kisan credit card are issued to farmers for
Payment bank and small bank
About CERSAI
Open market operation
Basel 3 norms
1. Relationship in Safe custody ...... Ans - Customer - Bailor & Bank - Bailee
2. NRLM replaced ...... Ans - Swarnajayanti Gram Swarozgar Yojana (SGSY) . The
scheme was succeeded by Deen Dayal Antyodaya Yojana on 25 September 2015.
3. Mortgage is defined in which act ...... Ans - Transfer of Property Act 1882
4. RBI Nationalised in which year ...... Ans - 1949
5. Area covered under LAN generally ...... Ans - 15 0 Meters
6. Banking services in the realm of Wealth management are best delivered through ......
Ans - Face to face transaction
7. A fraud committed by a larg e number of customers on bank would basically result in
...... Ans - Reputation risk
8. KYC procedure for open ing small account has been simplified for those person not
having an officially valid document, the balance at any time should not exceeds Rs.......
and Credit should not exceeding ...... Ans - 50000, 100000
9. In case of partnership one partner died then what will ha ppen in partnership? Ans -
Partnership firm dissolved
10. Function of RBI
11. Alliance and con tract
12. NPA Problem on prov isioning
13. Cr bal limit and transaction lim it for no frill accounts
14. Settlement of deposit for nominee
15. Half-Nest - Ans - Married with you ng children
16. Pillar - II - Ans - Supervisory Review Process
17. Basel - III
18. Question f rom Minor Account
19. Assessment of working capita l
20. Credit Monitoring
21. Agri Financing
22. Product Cycle
23. Marketing
23. SHG
24. Cred it Card
25. Off Balance Sheet items
26. Mutual Funds
27. NCPI
28. KYC N orms
29. Garnishee O rder
30. Banker's Lien
31. Right to set o ff
32. Priority Sector A dvances
33. MSME
34. CD iss ued by?
35. 4c's, 4p's matc h the following
36. Monetary policy by?
37. Banks doing insuran ce bussiness under which act? Insurance Regulatory and
Development Authority Act
38. Customer bank relation match the following?
39. SHG withdrawal must be signed by?
40. You have paid rs.40000 in business h ours for a customer. The account has balance
of 200000 remaining. U received garnishee order after business hours of Rs. 250000.
What would you do?
41. BG issued by you r bank. What is your bank?
42. NPCI Was introduced by?
43. Short term agriculture lon e becomes NPA for how much time? Ans - 2 crop season
44. Which is not comes under direct agriculture advance?
45. What is the first stage in new product development?
46. Mortgage is definitely need under which Act?
47. Write appropriate ans about RBI. Ans - RBI is started Apr 1. under RBI act
48. BASEL 2 consists of ?
49. What is the second st age In Kyc?
50. CC sanctioned based on Wt Proce dure.
51. If Banks not maintain min CRR requirem ent what is the penality?
52. What are the capital market instruments?
53. A bond which will issue below the face va lue? Ans - Discount bonds
54. What are the provisions for Doubtful assets 3? Ans - Secured - 40% , Unsecured -
100%
55. A & B are joins holder of FDR. If A died then what will happen to the FDR? Ans -
The surviving holder may claim the rights over deposit.
56. BANKNET uses which switching? Ans - Packet switic hing
57. Simplex transmission. Ans - Transmitting data only in on e direction
58. Mr A who is resident of outside India. His grand parents are Indians . Then A called
as ......
59. Rev olving LC
60. Once mortga ge created it has to register with whom?
61. Loan against term deposit on the name of minor
62. Paying bank protection of NI act..
63. How much loan sanction as educat ion loan of courses in India.
64. About marketing mix and 4p's total 3 questions


MOST IMPORTANT JAIIB AFB Recollected::

1. Preference share option related voting rights were given
2. Foreign exchange dollar hkd and rupees cross currency was asked in rs
3. Eosp when it is issued or employees has buy predermined rates
4. Depreciation wdv 2 questions and sum of years 1
5. Error of principle
6. Gold loan rules for sanctioning
7. Bond volatility
8. spot rate meaning
9. Value date
10. e-commerce is?
11. Computer software is developed by?
12. Cost of sales gross profit net profit
13. Reconciliation
14. Closing stock apear-trading and balance sheat
15. Contingent liability-bank garanty
16. AS 13 relates to investment
17. Medium risk-8 years
18. SHG- kyc not required of all member
19. Sinking fund formula same as - FV anuity
20. Prepaid exp-current liability
21. Depriciation 2 qtns from wdv method and one from wtd average method
22. Outstanding salary - personal act
23. Expenses and incomes - nominal act
24. Real a/c debited-what comes in
25. Statement record all ledger balance-trial balance
26. Small account credit in a year - 1 lakh
27. Govt Company - 51% share
28. Question on kyc
29. Saving ac interest calculation....
30. Question in cash book and pass book 
31. Long term Liabilities changes
32. Effect on assets
33. No question on SI, CI and EMI
34. Question from trial Balance
35. Real account, Personal account, Nominal account
36. 1 question is that Representative personal acc is 1
37. Question on wdv depreciation method
38. 2 marks question on foreign exchange rate
39. 1 question on ESOS
40. Floating rates are called ......
41. Back office may be situated in ......
42. Long term liabilities are payable after ......
43. High Financial Leverage means ......
44. Expenditure & Income reales to ......
45. Non Voting Shares
46. Double entry system means ......
47. Vaule date
48. Residual Value
49. YTM bond is ......
50. Spot
51. Call & Short Money
52. Credit & Debit Voucher
53. Chq clearing
54. Net profit value
55. Gross profit
56. Debt equity ratio
57. Issued shared
58. Banking manual
59. Question on cross currency rate 2 marks
60. Gross profit & net profit 2 marks
61. YTM 2 marks
62. Debit in real account refers to.....
63. KYC verification for shg group members....
64. CA cannot opened by....
65. Gross profit
66. Present value
67. Cash book passbook
68. Real nominal accounts
69. Fixed n floating rate
70. Call money notice money
71. Numerical Questions on gross profit, bond value, current yield, depreciation, present
value of some amount
72. Petty cash - 3question
73. Bank reconcile-2ques
74. 2 question from prepaid expenses
75. Main function of bank
76. Gross profit
77. Present annuity
78. Proprietorship firm
79. Meaning of holding company
80. Cash flow 55000, Useful Life 5 years, IRR 15%, Cost of capital 11%. Find NPV
81. What is consolidated voucher
82. Representative personal account
83. DE ratio owen fund current ratio total assets given n find the current asset
84. Sweat equity share
85. KYC - 2 questions
86. Salvage value in depreciation method 2 questions
87. Forex arithmetic 3ques's
88. Depreciation of machinery after 2 years written down value
89. kyc risks
90. STR report
91. Risk mgmt
92. BCSBI 1 question
93. Credit bal
94. Debit bal 2ques
95. Forfeiture of shares
96. Preference share

97. Dual concept
98. Accrual concept
99. Formula of depreciation
100. Sinking value 2 ques's
101. NPV VALUE OF Firm Calculation 2 Questions
102. Debt equity ratios...
103. Depreciations on fixed value...2-3ques...
104. Depreciation on straight line (residual value) ques...
105. Company having 51% share of another company...
106. Maximum limit of transaction in small (ovd )accounts in a year....
107. Current a/c cant be opened by....options were ...pardanashin women....minor
....blind...a ccompany..
108. Sweat equity shares...
109. GAAR full form...
110. Money market mutual funds are regulated by...
111. If a person transfer a/c frm one branch to another branch den required kyc???
112. Companiesare classified on the basis of...options were
...location...capital...managemnt...incorporation etc...
113. Bond value.....
114. Insurance premium for 45 days???
115. Typs of clerical errors.....
116. Periferal devices of computer...options were...keyboard windows..
117. A Suspesious Transion report where the report ( FIU-Ind)
118. Objective PMLA
119. When a minor open self operated account
120. Deleting Drawing 2 Questions debit or credit account
121. What is bond maturity value (YTM)
122. What is coupon rate
123. Prepaid expenses or outstanding account adjustment done or not
124. Samll account time
125. Rectification of error 4-5 Questions
126. Depreciation 4-5 Questions (3 Numerical)
127. Final Account 5-6 Questions
128. Foreign exchange 3 Questions all numerical
129. YTM 3 Questions
130. Education loan - 2 Question
131. Gold loan-1 Question
132. Consolidate voucher
133. Bank General ledger
134. Ratio 3 Question
135. How to improve current ratio
136. Inventory turnover ratio

Find cost of good sale if opening is80000; purchase is 120000;direct expense 5500;

indirect expense 4000 ;closing is9000

Bond par value is 100, market rate is 12% and 15% is .....find bond price

Ravi wants 500 at every quarter for 5 year , at the rate 10%.find initial deposite

When bond price is equal to Face value.

Interest paid in advance is a type of account

In which depreciation rate of interest is constant

Car purchase by a company is which type of expense

Auditor of a bank is appointed by

In cbs branch computer is connected to the server and all server are connected to main

data centre server

In India 1$=66.56-66.74and 1 euro=1.1456-1.1765$ then relation betwn rupee and

euro

Wages for installation of machine is debited wages acct is which type of error

Find closing balance if cost of goods sold ,puchase,indirect expense, opening balance is

given - For 1year, For 3years

A company deposited 5000at the beginning of the year to puchase amachinary for

20year at the rate 10% find present value of annuity

Schedule AS6 define

Which are the peripheral related to computer

Which of the work out sourced by bank - Ans loan recovery

Which work is not done at back office

Calculation of EMI

Calculation of interest on loan

E kyc is done at periodically to which type of customer

Why Ekyc is usefull

A loan is sanctioned and disbursed 100000 but after 1 year it shows outstanding of

101000. Than what is 1000

4 questions from identifying type of error

Gold loan eligibility

Bond face value one numerical pbm

Bank reconciliation statement given passbook balance and asked cash book balance and

viceversa-2numerical question and 2 case study type question in above

Cost sales netprofit numerical pbm

Given coupon rate,rate of interest and par value asked market price.

Accounting concepts AS29

Business entity,matching concept - give situation asked to find the type of concept

Benefits of CBS

Bill drawn by A on B endorsed it to c....After due date the entries are bills

receivable,noting charges-wat could have happened?

1. WDV Depreciation> 2problems

2. Who cannot open a Current a/c>minor, illiterate, blind or unregistered society

3. Balance sheet given. Calculate gross profit and net profit

4. Capital paid by shareholders >Paid up capital

5. Calculate PV and bond price>2 problems

6. Which is not true abou Company a/c

7. Cross currency problem

8. What is Spot

9. Due date of a bill from 29june(3months)

10. Suspicious transaction report to >FI UNIT

11. closing stock apear-trading and balance sheat

12. contingent liability-bank garanty

13. AS 13

14. medium risk-8 years

15. SHG- kyc not required of all member

16. sinking fund formula same as - FV anuity

17. Prepaid exp-current liability

18 depriciation 2 qtns from wdv method and one from wtd average method

19. outstanding salary - personal act

20. expenses and incomes - nominal act

21. real a/c debited-what comes in

22. statement record all ledger balance-trial balance

23. current yeild

24. bond value

25. mehod of accepting proposal-irr, npv,payback

Limited company pvt compny

account opening of huf

huf Kyc computerised a ccounting

simple interest que

wrongly credited de bited type question 3-4

Theoretical question on IRR and NPV

maximim 10 numericals 5 of 2 marks

2 marks numerical from ratio analysis

Depricition digit sum method numeric al

Acid test ratio=........... quick ratio

person who makes Promissory not e called - debtor (buyer)

gross profit, NPV numerical

related to cbs

according stan dards

capital or revenue ex penditure

earning per share theory quest ion

Dept turn over ratio problem

Bill receivable comes under a sset or liability

Under bills of exchange, which ac Dr.

Under bills of exchange, which ac Dr.

Sales and cost of goods sold gross pro fit

Foreign exchange and cross currency cal c

cross currency u have to add premiums an d sub discount

Composite voucher

Composition, redee mable, share preferential shares

1. Who prepared Bank Reconciliation Statement?

2. Who will bear the expenses charge creation?

3.cost of mationary is RS 12 lacs, scrap value is 0; useful life is 10 yrs; then find out the

book value for the 4th year.

4. P =10000; A= 11200; r=6℅ p.a then find out time?

5. Classification of ratios?

6. Credits = assets - ?

7. P= 10000 r= 8.5℅ pa compounded quarterly; T=4 yrs then find out A=?

8. Find out current yield on bond is RS 5000/- r = 12℅ pa and market value = 4500

9. Sweat equity shares will be given to ?

Document mgnrega card on identification on a/c opening.

Back office to be establised in ......

No of digits in Adhar, min no of persons in public ltd company

adhar card..bond value..irr.npv..com interest..cash book and passbook od..nominal act

real act ..expendture

balance sheet was given and profit was asked , how deaf is calculated, ytm npv,

bcsbi..kyc year..housing loan ...slm..and wdv method .interest differential..eroor

clerical...net profit ratio.5 qus on trial bal...

virus 1)affect hardware 2) is software 3) like virus of human 4) can not affect data - 2

Present value of bond

Which r 2 types of trial balance

Writing from journal to ledger is called?

2-3 qustns from foreign exchange arithmetic

Calculate amount given to petty cashier using imprest method

Current ratio based questions

Quick ratio is another name of -------?

Depreciation problems using wdv

Straight line method and sum of digits method

……………………………………………………………………

1) bond theorem -2 question 
2) bond sum
3) quick ratio 2sum
4) current ratio 1 sum
5) depreciation 4 sum
6) NPV
7) Pay back method 
8) ARR method _1 
9) Capital budgeting 1
10) Compound interest 2 sum 
11) Bond ARR value 
12) Concept of covertism 
13) Concept of consistency 
14) Full disclosure 
15) Accounting method -3 
16) Cost method 
17) Material method
18) Matching method 
19) Small savings bank account - who all can open , look 
20) EMI
21) Coupon rate 
22) Kyc 
23) Bcbsi account 
24) Trail balance error 
25) Company types - how it vil be registered 
26) LAN WAN - networking of 27)computreconcilation in which entry is required .... In which rectification entry not require 
28) Which error affects two accounts 
29) forward point - dollar to euro, euro to rupee 3 questions

Direct simple question on EMI
Twisted but very simple question in depreciation
Ratios some questions
KYC
LAN and WAN
Computer password
Reconsiliation
3 questions from cash book pass book. In this one question is sum others are theoretical
Conversion from euro to one unit of rupee
Direct questions on forward point
2-3 questions currency conversion dollars
Quick and current ratio - 4-5 questions
Emi 5 Lakhs 12% - monthly EMI for 2 years
Deprecation 3-4 questions numerical
The value get double at 9.75% in how many years
Single sided corr - 2-3 questions
RTGS related
Computer security related
Advantage of computerisation
Balance sheet
Prepaid expenses is what ...
Personal account
One more on real account based
Loan processing - 2 questions