If your are preparaing for JAIIB/CAIIB exams that will start from 6th December to 27th December 2020, then you can’t have bigger opportunity than this. The legendry experts N.S.Toor and Murugan K, a well known name in the field of Bank promotion exams, are coming live on Adda247. The theme of this webinar is- Strategy for best Preparation for JAIIB in 30 days & CAIIB in 45 Days?
This webinar will start tomorrow 7th November 2020, 7:00 PM on Adda247 YouTube Channel/Murugan’s JAIIB, CAIIB FB page/ Toor’s YouTube Channel
NS Toor Sir has authored several banking books in India including Handbook of Banking Information (in its 40th edition), Balance Sheet Analysis, Bank Credit Management, Credit Risk Management.
Murugan K has guided many individual to clear the Bank promotion exam.
The JAIIB/CAIIB 2020 exam will be held tentatively from 6th December to 27th December 2020. The registration process for these exams will start again on 9th November 2020 and will close on 22 November 2020.
Webinar Details- How to Kick-off your preparation for JAIIB/CAIIB exams in Nov-Dec 2020?
Q1. “Mr. Rama” a partner in “Rama & Co.” deposits a cheque drawn in his favour and endorsed by him in the name of the firm for credit to the firms account. You will– (a)Not allow the same without verifying the genuineness of transaction (b)Allow after getting consent of other partners (c)Not allowed as the Bank may be liable for conversion (d)Collect the cheque if otherwise in order
Q2. What is the main objective of white revolution? (a)Increase in milk production (b)Increase in cotton production (c)Increase in white jute (d)Increase production of white button mushroom
Q3. Where nothing is mentioned about a cheque being bearer or order, It should be treated to be payable to: (a)It is consider as order cheque (b)It is consider as bearer cheque (c)It can be bearer or order it depends on the discretion of the bank (d)It can be bearer or order it depends on the discretion of the payee
Q4. Which of the following statement is not correct about the close ended scheme? (a)Restricts the freedom of entry and exit (b)It allows the investor to enter and exit at his convenience (c)It has a lock in period (d)Investors cannot buy the units of a closed-ended fund after its NFO period
Q5. What is the maximum number of HUFs which can become partners in a partnership firm? (a)Maximum- 2 (b)Maximum- 3 (c)Maximum- 4 (d)HUFs cannot become partner in a partnership firm
Q6. A and his wife W have a locker as either or survivor. Because of dispute, A asks the bank not to allow an operation by W. When W comes to operate the locker. Bank will do: (a)Any of them can operate the locker because it is either or survivor (b)Allow only joint operations as there is dispute between the customers (c)Will not allow operations to W but will allow to A (d)Allow operations by W as instructions are either or survivor
Q7. Which of following regulation pair does not match each other? (a)Regulation of insurance market by- IRDAI (b)Regulation of capital market by- SEBI (c)Regulation of money market by- RBI (d)Regulation of forex market by-SEBI
Q8. Ramesh and Suresh have a saving account with E or S operation mandate. A cheque issued by Ramesh with the validation of the cheque extended under the signature of Suresh was presented for payment. What will bank do? (a)Pass the cheque (b)Return the cheque (c)Pass after getting signature of both (d)Pass cheque as per discretion of the bank
Q9. In case of low risk category accounts fresh KYC should be obtained once in: (a)3 years (b)5 years (c)8 years (d)10 years
Q10. What is the meaning of the term “Power of Attorney”? (a)The power of authority given to any person (b)The power of withdrawing the money from anybody’s bank account (c)A written document, authorizing anybody to do the work on behalf of the other person (d)All of these
JAIIB 2020– Download the study material on Law of Limitation for the upcoming JAIIB 2020 exam. If you are a member of IIBF then you must appear for Junior Associate of the Indian Institute of Bankers (JAIIB) 2020 Exam in May as it can boost your career. Though the last date to apply was 1st March,2020 but you can still apply till 15th March with a nominal late fee of Rs.100 and after 15th March till 22rd March,2020 with a nominal late fee of Rs.200.
JAIIB Exam: May 2020
3rd May 2020
ONLINE – Will be given in the admit Letter
Principles & Practices of Banking
10th May 2020
ONLINE – Will be given in the admit Letter
Accounting & Finance for Bankers
17th May 2020
ONLINE – Will be given in the admit Letter
Legal & Regulatory Aspects of Banking
Limitation of Documents
Law relating to limitation is contained in the Limitation Act, 1963.
It is the time limit within which legal action can be file in a court of law to enforce the right.
Period of limitation:
The limitation period bars the remedy of filing a suit but does not take away the right of recovering the debt
There is no limitation period in case of pledge or lien or right of set-off.
Date of execution of a document is excluded for the purpose of calculation of limitation period of a document.
A suit based on Demand Promissory Note dated 04.02.2017 can be filed latest by 04.02.2020.
If the courts are closed on the day the limitation period expires, case can be filed on the day the court reopens.
During the calculation of limitation period, that period will be excluded when executant was out of India.
Mentioned period of limitation cannot be extended or waived by mutual agreement.
Bankers’s right of general lien, right of set-off or sale of pledged goods is not effected by law of limitation.
Right of suing to the borrower in his personal capacity can be executed within mentioned limitation period.
Limitation period can be extended by acknowledgement of debt or part payment.
For limitation period extension, acknowledgement or part payment can be by the borrower or his authorized person.
It should be before expiration of limitation period.
If limitation period expired it cannot be extend by part payment or acknowledgment.
Stamped aknowledgement of document does not extend the limitation period aganist the gurantor automatically
Limitation of Documents
Demand Promissory Note
3 years from the date of execution
Bill of Exchange payable at a fixed time after date
3 years when the bill falls due
Term loan agreement with repayment schedule
3 years from the date when the default occurs
To enforce payment of money secured by a mortgage
12 years from the date when the money becomes due
Suit by mortgagee for possession of immovable property
12 years from the date when the mortgagee becomes entitled to properly mortgaged
Letter of Guarantee
3 years from the date of determination of guarantee
Right of foreclosure by mortgagee
30 years from date when money secured becomes due
Execution of decree
12 years from the date of decree
Recovery of loss caused by fraud
3 years from date of detection of fraud
Appeal to file in High Court against judgment of lower court
90 days from date of decree
Appeal to file in other court against judgment of lower court
JAIIB & DBF 2020 Exam Date Postponed:JAIIB exam date 2020 was released by the Indian Institute of Banking & Finance (IIBF) on its official website and exam was scheduled in the month of may but due to Coronavirus, JAIIB & DBF exams have been postponed. Revised dates are yet to be announced. If you interested to know exact exam dates of JAIIB 2020 then stay tuned to bankersadda.
JAIIB also known as Junior Associate of the Indian Institute of Bankers is conducted twice annually. The main agenda of JAIIB is to impart basic knowledge in banking and financial services, making healthy customer relations,basic accountancy and legal aspects necessary for carrying out day to day banking operations. Only in-service employees of the banking sector are eligible to appear for JAIIB. Whereas, DBF (Diploma in Banking and Finance) is open to non-banking candidates also who have cleared 10+2. There is no provision of Age Limit in JAIIB & DBF exam.
The Indian Institute of Banking & Finance, Mumbai has launched JAIIB course for Specialist Officers (SO) of Banks.The main agenda is to provide required level of basic knowledge in banking and financial services, banking technology, customer relations and legal aspects to the officers of Banks and Financial Institutions who are placed in Specialised cadre/s.
JAIIB Course for Specialist Officers: Eligibility
The examination is open to the Members and Non-Members.
Candidates must have passed the 12th standard examination in any discipline or its equivalent.
The officer should be in the Specialised cadre in a Bank/Financial institute.
JAIIB Course for Specialist Officers: Examination Subjects
Paper 1 : Subject : Banking I ( Principles & Practices of Banking)
Paper II : Subject : Banking II (Legal & Regulatory Aspects of Banking)
JAIIB Course for Specialist Officers: Passing Criteria
Minimum marks for pass in the subject is 50 out of 100.
Candidates securing at least 45 marks in each subject with an aggregate of 50% marks in all subjects of examination in a single attempt will also be declared as having completed the Examination.
Candidates will be allowed to retain credits for the subject they have passed in an attempt.
NOTE: The examination will be conducted in two languages i.e. Hindi & English.
JAIIB Course for Specialist Officers: Examination Pattern
Question Paper will contain approximately 120 objective type multiple choice questions for 100 marks including questions based on case studies/ case lets. The Institute may however vary the number of questions to be asked for a subject.
The duration of the examination will be of 2 hours per subject.
The examination will be held in Online Mode only.
There will be NO negative marking for wrong answers.
JAIIB Course for Specialist Officers: “Class of Pass” Criteria
The Institute will consider the FIRST PHYSICAL ATTEMPT of the candidate at the examination as first attempt for awarding class. In other words, the candidate should not have attempted any of the subject pertaining to the concerned examination any time in the past and has to pass all the subject as per the passing criteria mentioned and secure prescribed marks for awarding class. Candidates re-enrolling for the examination after exhausting all permissible attempts as per the time limit rule will not be considered for awarding class.
First Class: 60% or more marks in aggregate and passed in all the subjects in the FIRST PHYSICAL ATTEMPT. First Class with Distinction: 70% or more marks in aggregate and 60% or more marks in each subject in the FIRST PHYSICAL ATTEMPT.
JAIIB Course for Specialist Officers: Examination Fees
The Each attempt fee for member and non-members is Rs.2,000/- Plus convenience charges and Taxes as applicable.
JAIIB aims at providing required level of basic knowledge in banking and financial services,banking technology, customer relations, basic accountancy and legal aspects necessary for carrying out day to day banking operations.Only the members of the banking institute can apply for the JAIIB program. Any person who is working in the banking and finance industry whose employer is an Institutional member of the Institute can apply for membership, for details visit IIBF website.
There is the limit to pass the examination within 2 years (4 attempts). Candidates can attempt the exam in both Hindi and English medium. There will be three test to clear the JAIIB. Minimum qualifying marks to clear the exam will be 50 out of 100.
Watch the video below to get full details on the JAIIB
Every person working in a banking sector whether a PSB or RBI always think of promotion and getting hike in the salary on regular intervals. What would be more encouraging if you are getting a up in your salary. Well, you all must be familiar with the opportunity in the name of JAIIB, course offered by the Indian Institute of Banking and Finance(IIBF) has opened the door for the same. JAIIB exam will be conducted in three phase i.e Paper-I, Paper-II and Paper-III. Exam are held weekly mainly on Sunday.
Name of the exam which will be conducted to Clear the JAIIB are as follows:
Principles and practices of banking,
Accounting and Finance for bankers and
Legal and regulatory aspects of banking
First and Third exam will be based on theory and each exam will carry 100 marks. JAIIB is the precondition to be eligible for the CAIIB.
Well now the question arises how to prepare for JAIIB?
With Adda247, there is nothing to worry about. We are back again with the solution of the best online test series for JAIIB Exam. Those who are willing to appear for the exam must practice from the Adda247 test series for JAIIB. And make a step ahead for the CAIIB as well.