Podcast
Questions and Answers
Who is credited with coining the term 'Artificial Intelligence'?
Who is credited with coining the term 'Artificial Intelligence'?
Under the SARFAESI Act, 2002, what is the time period within which the possession notice must be published?
Under the SARFAESI Act, 2002, what is the time period within which the possession notice must be published?
What role did John McCarthy play in the field of Artificial Intelligence?
What role did John McCarthy play in the field of Artificial Intelligence?
Which of the following is NOT associated with the SARFAESI Act, 2002?
Which of the following is NOT associated with the SARFAESI Act, 2002?
Signup and view all the answers
In which module is the term 'Artificial Intelligence' discussed?
In which module is the term 'Artificial Intelligence' discussed?
Signup and view all the answers
What is the requirement for the newspapers in which the possession notice is published under the SARFAESI Act, 2002?
What is the requirement for the newspapers in which the possession notice is published under the SARFAESI Act, 2002?
Signup and view all the answers
What is the primary focus of Module B – Chapter 14?
What is the primary focus of Module B – Chapter 14?
Signup and view all the answers
Which of the following statements about John McCarthy is true?
Which of the following statements about John McCarthy is true?
Signup and view all the answers
What is the cash limit for Demand Draft transactions as per RBI guidelines?
What is the cash limit for Demand Draft transactions as per RBI guidelines?
Signup and view all the answers
Which bank issued the first credit card in India?
Which bank issued the first credit card in India?
Signup and view all the answers
In which stage of the Product Life Cycle do sales volumes typically begin to decline?
In which stage of the Product Life Cycle do sales volumes typically begin to decline?
Signup and view all the answers
What is the correct sequence of stages in the Product Life Cycle?
What is the correct sequence of stages in the Product Life Cycle?
Signup and view all the answers
What is the cash withdrawal limit for contactless cards?
What is the cash withdrawal limit for contactless cards?
Signup and view all the answers
Which stage of the Product Life Cycle involves the product breaking even and starting to generate profits?
Which stage of the Product Life Cycle involves the product breaking even and starting to generate profits?
Signup and view all the answers
During which stage of the Product Life Cycle does a product typically reach its widest customer base?
During which stage of the Product Life Cycle does a product typically reach its widest customer base?
Signup and view all the answers
What significant event occurred in 1980 related to credit cards in India?
What significant event occurred in 1980 related to credit cards in India?
Signup and view all the answers
What is the maximum Loan To Value (LTV) ratio for home loans up to Rs. 30 lakh?
What is the maximum Loan To Value (LTV) ratio for home loans up to Rs. 30 lakh?
Signup and view all the answers
Which year marks the target for the completion of the Pradhan Mantri Awaas Yojana for Rural housing?
Which year marks the target for the completion of the Pradhan Mantri Awaas Yojana for Rural housing?
Signup and view all the answers
Among the following, which element plays the least significant role in investment considerations?
Among the following, which element plays the least significant role in investment considerations?
Signup and view all the answers
What is a requirement for the possession notice after the taking of possession?
What is a requirement for the possession notice after the taking of possession?
Signup and view all the answers
For home loans above Rs. 75 lakh, what is the maximum allowable Loan To Value (LTV) ratio?
For home loans above Rs. 75 lakh, what is the maximum allowable Loan To Value (LTV) ratio?
Signup and view all the answers
What aspect of investments relates to an investor's ability to access cash from their investments quickly?
What aspect of investments relates to an investor's ability to access cash from their investments quickly?
Signup and view all the answers
Which of the following is a primary objective of any investment?
Which of the following is a primary objective of any investment?
Signup and view all the answers
What must accompany a possession notice when it is delivered to the mortgagor?
What must accompany a possession notice when it is delivered to the mortgagor?
Signup and view all the answers
What is the purpose of calculating the Profit Margin Ratio?
What is the purpose of calculating the Profit Margin Ratio?
Signup and view all the answers
Which of the following concepts is primarily associated with ensuring customer data security in banking?
Which of the following concepts is primarily associated with ensuring customer data security in banking?
Signup and view all the answers
What does the term 'Event based Insurance' refer to?
What does the term 'Event based Insurance' refer to?
Signup and view all the answers
Which of the following is a feature of the Atal Pension Yojana?
Which of the following is a feature of the Atal Pension Yojana?
Signup and view all the answers
What is the primary objective of Customer Relationship Management (CRM) in banking?
What is the primary objective of Customer Relationship Management (CRM) in banking?
Signup and view all the answers
Which option accurately describes the technology used by contactless cards?
Which option accurately describes the technology used by contactless cards?
Signup and view all the answers
What category do home loans and auto loans fall under in banking terms?
What category do home loans and auto loans fall under in banking terms?
Signup and view all the answers
What is the cash withdrawal limit on debit cards in Tier I and II centres?
What is the cash withdrawal limit on debit cards in Tier I and II centres?
Signup and view all the answers
What is the TDS rate on term deposits if the PAN card has been submitted?
What is the TDS rate on term deposits if the PAN card has been submitted?
Signup and view all the answers
What happens if a depositor does not submit a PAN card for TDS purposes?
What happens if a depositor does not submit a PAN card for TDS purposes?
Signup and view all the answers
What is the primary function of point-of-sale (PoS) terminals?
What is the primary function of point-of-sale (PoS) terminals?
Signup and view all the answers
In which scenario is TDS applicable for term deposits regardless of the PAN card submission?
In which scenario is TDS applicable for term deposits regardless of the PAN card submission?
Signup and view all the answers
Which form of financing does not involve direct cash disbursement to borrowers?
Which form of financing does not involve direct cash disbursement to borrowers?
Signup and view all the answers
Study Notes
JAIIB May 2023 Exam Overview
- Memory-based questions from the JAIIB May 2023 exam are compiled to aid exam preparation.
- Questions are categorized into three sections for better understanding of important topics.
Section 1: Known Questions
- Questions include topics, types, options, and explanations.
- Correct answers are provided with references from the IIBF study material.
Section 2: Topic-Identified Questions
- Questions are identified by topic and type, though exact phrasing is unknown.
- Highlights significant topics and the expected depth of questions.
Section 3: Remaining Topics
- Lists topics of unanswered questions to indicate areas of focus for future exams.
Key Questions and Solutions
- Artificial Intelligence: Coined by John McCarthy (A).
- SARFAESI Act, 2002: Possession notice must be published in two newspapers within seven days (C).
- Pradhan Mantri Awaas Yojana (Rural): Target year for housing is 2024 (C).
- Loan to Value Ratio: Maximum 90% for home loans up to Rs. 30 lakh (A).
- Investment Roles: Hedging has the least role; focus should be on return, risk, and liquidity (A).
- Demand Draft Transaction Limit: Cash limit is Rs. 50,000 as per RBI guidelines (B).
- First Credit Card in India: Issued by Central Bank of India in 1980 (D).
- Product Life Cycle: Correct sequence is Introduction – Growth – Maturity – Decline (B).
- Contactless Card Withdrawals: Limit is Rs. 5,000 (D).
- Non-Fund Based Advance: Bank Guarantee is classified as such (C).
- TDS on Term Deposits: 10% if PAN card submitted (C).
- PoS Cash Withdrawal Limit: Rs. 1,000 in Tier 1 and II centres (B).
Additional Topics of Importance
- Artificial Intelligence and Blockchain Technology in banking.
- Knowledge of Customer Relationship Management is vital.
- Return on Equity (ROE) metrics applicable for banks.
- Familiarity with Form 15G/15H related to tax regulations.
- Key legislation and schemes like Sovereign Gold Bond and Atal Pension Yojana.
- Importance of KYC guidelines in banking services.
- Understanding of insurance products like Event-based Insurance and Suraksha Bima Yojana.
- Concepts of Portfolio Management Trade Off and Marketing Information Systems.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz consists of memory-based questions from the JAIIB May 2023 Exam. It aims to help you identify crucial topics that may appear in future exams. Prepare effectively by familiarizing yourself with the types of questions asked in the recent exam.
