Most Important Questions PPB (Principles and Practices of Banking) | JAIIB - Class 3_00.1
Latest Banking jobs   »   Most Important Questions PPB (Principles and...

Most Important Questions PPB (Principles and Practices of Banking) | JAIIB – Class 3

Q1. The MD of a Private Ltd company endorses a cheque payable to the company in his favour and wants you to collect the same in his personal account. What will you do:
(a) Allow after verifying the genuineness of endorsement
(b) Allow only after verifying the genuineness of the transaction
(c) Not allowed as the Bank may be liable for conversion
(d) Not allowed as cheque favouring a company cannot be endorsed

Q2. The banker customer relationship in case of a locker is that of:
(a) Lessee and lessor
(b) Trustee and beneficiary
(c) Agent and Principal
(d) Lessor and lessee

Q3. If both the words bearer as well as order are written and none of these is deleted, The cheque would be considered to be a:
(a) Bearer cheque
(b) Order cheque
(c) It can be order cheque or bearer it depends on the discretion of the bank
(d) It can be order cheque or bearer it depends on the discretion of the payee

Q4. You receive a cheque in an overdraft account for Rs.32,000.00. The debit balance in the account is Rs. 35,000.00 and the Over Draft limit is Rs 60,000.00. What reason you will state while returning:
(a) Refer to drawer
(b) Effects Not cleared
(c) eeds arrangement
(d) Endorsement not correct

Q5. Cancellation of Enrollment for existing customers under Pradhan Mantri Jeevan Jyothi Bima Yojana (PMJJBY) and Pradhan Maned Suraksha Bima Yojana (PMSBY):
(a) Can be cancelled on customer submitting a written request
(b) Can be cancelled by branch for undesirable parties only
(c) Can be cancelled only after 10 years
(d) Cannot be cancelled at all

Q6. If garnishee order does not specify an amount,  it will be applicable or not;
(a) Applicable and full amount in the account will be attached
(b) Applicable and half amount in the account will be attached
(c) Applicable and court mentioned amount in the account will be attached
(d) Not applicable and no amount in the account will be attached

Q7. A partnership has 3 partners. Sudhir, Ananad and Tushar and a nomine son of Ram admitted for the benefit of the partnership. The account opening form should be signed by?
(a) All the partners including minor
(b) All the partners with minor’ natural guardianship
(c) Only the partners other than minor
(d) None of the above

Q8. Mr. Mohan has a saving account in XYZ bank with a balance of Rs. 10,000 as at the close business hours on 1st February 2018. The bank received a garnishee order for Rs.15000 on saving account of Mr. Mohan on 2nd February 2018 at 10:30 AM Mr. Mohan visited the bank on 2nd February 2018 at 12:30 PM and deposits Rs. 10,000 in his saving accounts. How will bank act in respect to the garnishee order?
(a) The order would apply and the amount of Rs.15,000 will be deducted or put on hold as per the direction of the court
(b) The bank will refuse to accept the deposit in the account after garnishee order is served
(c) The order will apply to the amount of Rs. 10,000 only, Available at the time of garnishee order
(d) Order will apply if court is informed about the subsequent deposit after garnishee order.

Q9. In case of MSME loan classified as standard asset provision is to be made at the rate of:
(a) 0.25% of the outstanding amount
(b) 0.75% of the outstanding amount
(c) 1% of the outstanding amount
(d) 5% of the outstanding amount

Q10. The garnishee order does not attach the followings:
(a) Amount deposited 2 hours after the receipt of the order
(b) Undrawn balance in OD a/c
(c) Amount received for safe custody
(d) All of the above

Watch the video to check the answers and study PPB:

 
 

 

Download SBI Clerk Prelims 2021 Memory Based Mock PDF

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Was this page helpful?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Change Password



Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?