Module A

Your IIBF Sample Question Results
Results Summary
Elapsed Time: Timer Not Started
Total Marks: 282
Obtained Marks: 205
Percentage: 73
Result : Passed
Current Exam
Module
Questions
Percent Positive Negative
Marks
Answered Correct Incorrect
Selected
Correct
Mark
Mark
Obtained
Chapter1
20
14
12
60
24
22
Chapter2
Chapter3
112
111
96
15
86
192
15
177
Chapter4
56
10
141
134
113
21
80
226
21
205
Chapter1
Chapter2
Chapter3
Chapter4
Chapter5
Module B
Chapter1
Chapter2
Chapter3
Chapter4
Chapter5
Module C
Chapter1
Chapter2
Chapter3
Module A
Page 1 of 38
Chapter4
Chapter5
Module D
Chapter1
Chapter2
Chapter3
Chapter4
Chapter5
Module F
Chapter1
Chapter2
Chapter3
Chapter4
Chapter5
Module G
Chapter1
Chapter2
Chapter3
Chapter4
Chapter5
Module H
141
134
113
21
80
226
21
205
Total
Overall Results Exam

Module
Questions
Percent Positive Negative
Marks
Answered Correct Incorrect
Selected
Correct
Mark
Mark
Obtained
Chapter1
20
14
12
60
24
22
Chapter2
Chapter3
112
111
96
15
86
192
15
177
Page 2 of 38
Chapter4
56
10
141
134
113
21
80
226
21
205
Chapter1
30
30
20
10
67
40
10
30
Chapter2
11
11
11
100
22
22
Chapter3
31
30
24
77
48
42
Chapter4
25
25
20
80
40
35
Chapter5
14
14
13
93
26
25
135
134
105
29
78
210
29
181
Chapter1
10
70
14
12
Chapter2
10
10
80
16
14
Chapter3
10
50
10
Chapter4
10
50
10
Chapter5
10
10
90
18
17
Module C
50
47
34
13
68
68
13
55
Chapter1
25
19
13
52
26
20
Chapter2
33
31
14
17
42
28
17
11
Chapter3
21
20
12
57
24
16
Chapter4
21
19
11
38
16
11
Chapter5
33
30
17
13
52
34
13
21
142
128
67
61
47
134
61
73
Chapter1
Chapter2
Chapter3
Chapter4
Chapter5
Module F
Chapter1
Chapter2
Chapter3
Module A
Module B
Module D
Page 3 of 38
Chapter4
Chapter5
Module G
Chapter1
Chapter2
Chapter3
Chapter4
Chapter5
Module H
468
443
319
124
68
638
124
514
Total
1. A public sector bank of is a body corporate created under special statute

Marks:
2+ 1-
True
False
The Correct Answer is :
True
2. A banking company is registered under the Banking Regulation Act

Marks:
2+ 1-
True
False
Module : Module A
Chapter : Chapter1
Page 4 of 38
False
3. Cooperative banks are registered under the Cooperative Societies Act

Marks:
2+ 1-
True
False
True
Your Answer is Correct
You Answered True
Explanation :
2This is due to the impact of certain tings and .......
hope this will work well
Example Explanation
Module : Module A
Chapter : Chapter1
4. Subsidiaries banks are companies registered under the Companies Act
Marks:
2+ 1-
True
False
False
You Answered False
Explanation :
Example Explanation
Module : Module A
Chapter : Chapter1
5. Accepting deposits for safe custody would fall within the definition of
banking
Marks: 2+ 1True
False
False
Your Answer is Incorrect
You Answered True
Explanation :
Example Explanation
Module : Module A
Chapter : Chapter1
6. Reserve Bank was constituted under _______
Marks:
A. BR Act
B. RBI Act
C. Companies Act
B. RBI Act
You Answered B. RBI Act
Explanation :
Page 5 of 38
2+ 1-
Example Explanation
Module : Module A
Chapter : Chapter1
7. A Regional Rural Bank is ________________.
Marks:
2+ 1-
A. A body corporate created under a special statute

B. A cooperative society
A. A body corporate created under a special
statute
You did not answer the question.
Explanation :
Example Explanation
Module : Module A
Chapter : Chapter1
8. Banking companies are licensed by _______ .
Marks: 2+ 1A. Reserve Bank
B. Registrar of companies
C. Company Law Board).
B. Registrar of companies
Explanation :
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Module : Module A
Chapter : Chapter1
9. Business which a banking company may undertake other than banking is
as stipulated by ______________
Marks: 2+ 1A. Reserve Bank
B. BR Act
C. RBI Act).
B. BR Act
Explanation :
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Module : Module A
Chapter : Chapter1
10. BR Act was enacted for _________ regulating acceptance of deposits
from public).
Marks: 2+ 1A. Regulating banking companies
B. Creating Reserve Bank
A. Regulating banking companies
Explanation :
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Module : Module A
Chapter : Chapter1
11. Central Government can give direction to the Reserve Bank.
Page 6 of 38
Marks:
2+ 1-
True
False
True
Explanation :
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Module : Module A
Chapter : Chapter1
12. All business of banks are regulated only by the Reserve Bank.
Marks:
2+
1-
True
False
False
Explanation :
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Module : Module A
Chapter : Chapter1
13. Central Government is the primary regulator of banks.
Marks:
True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter1
14. The State Government has no control over cooperative banks.
1-
True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter1
15. On cancellation of licence of any bank, an appeal lies to Central
Government.
Marks: 2+ 1True
False
True
You Answered True
Explanation :
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Page 7 of 38
2+ 1-
Marks:
2+
Module : Module A
Chapter : Chapter1
16. Cooperative bank operating in different states are regulated by _______
Marks:
2+ 1-
A.State Cooperative Societies Act

B.Multi-Unit Cooperative Societies Act
C.Banking Laws (application to Cooperative Societies Act)
B.Multi-Unit Cooperative Societies Act
You Answered B.Multi-Unit Cooperative Societies Act
Explanation :
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Module : Module A
Chapter : Chapter1
17. Government can exempt a bank from provision of BR Act ______
Marks:
2+ 1-
A.On the recommendation of RBI

B.Whenever the government is satisfied
C.If requested by a bank
A.On the recommendation of RBI
You Answered A.On the recommendation of RBI
Explanation :
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Module : Module A
Chapter : Chapter1
18. ________ exercises the central banking function in India,
Marks:
A.State Bank, Central Bank of India

B.Reserve Bank of India
B.Reserve Bank of India
You Answered B.Reserve Bank of India
Explanation :
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Module : Module A
Chapter : Chapter1
19. Company matters of a banking company are regulated by ______
Marks:
2+ 1-
A.Reserve Bank
B.Authorities under Companies Act
C.SEBI
B.Authorities under Companies Act
You Answered B.Authorities under Companies Act
Explanation :
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Module : Module A
Chapter : Chapter1
20. Trading in shares and securities by banks is subject to control by
______
Marks: 2+ 1-
Page 8 of 38
2+ 1-
A.Controller of Capital Issues

B.SEBI
C.Company Law Board
B.SEBI
You Answered B.SEBI
Explanation :
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Module : Module A
Chapter : Chapter1
21. Section 5(b) of ______ Act gives the definition of the term Banking
Marks:
2+ 1-
A.Contract Act,
B.Negotiable Instruments Act,
C.Banking Regulation Act,
D.Transfer of Property Act.
C.Banking Regulation Act,
You Answered C.Banking Regulation Act,
Explanation :
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Module : Module A
Chapter : Chapter3
22. Principle functions of the Bank are:
Marks: 2+ 1A.Dispatch of statements,
B.Adjustment of Interoffice Transactions,
C.Clearing
D.Acceptance of deposits for Lending and investment.
D.Acceptance of deposits for Lending and
investment.
You Answered D.Acceptance of deposits for Lending and investment.
Explanation :
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Module : Module A
Chapter : Chapter3
23. In a deposit account the principal relation between Bank and Customer
is bank ___________ and the Customer ________.
Marks: 2+ 1A.Agent, Principal
B.Lessor, Lessee
C.Creditor-Debtor
D.Debtor-Creditor
E.Bailor-Bailee
D.Debtor-Creditor
You Answered D.Debtor-Creditor
Explanation :
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Page 9 of 38
Module : Module A
Chapter : Chapter3
24. When a Bank lends money the relation between Bank and Customer is
Bank _____________ and Customer ________.
B.Lessor, Lessee
C.Creditor-Debtor
D.Debtor-Creditor
E.Bailor-Bailee
C.Creditor-Debtor
You Answered C.Creditor-Debtor
Explanation :
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Module : Module A
Chapter : Chapter3
25. In case of safe custody of articles relation between Bank and Customer
is Bank ___________ and Customer _________.
B.Lessor, Lessee
C.Creditor-Debtor
D.Debtor-Creditor
E.Bailor-Bailee
E.Bailor-Bailee
You Answered E.Bailor-Bailee
Explanation :
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Module : Module A
Chapter : Chapter3
26. In case of safe deposit licker the relation between Bank and Customer is
Bank _______________ and Customer _________.
B.Lessor, Lessee
C.Creditor-Debtor
D.Debtor-Creditor
E.Bailor-Bailee
B.Lessor, Lessee
You Answered A.Agent, Principal
Explanation :
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Module : Module A
Chapter : Chapter3
27. An individual can start a bank.
Marks: 2+ 1True
False
Page 10 of 38
False

You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
28. A banking company should have the word Banking in its name
Marks:
2+ 1-
True
False
True
You Answered True
Explanation :
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Module : Module A
Chapter : Chapter3
29. A company engaged in manufacture of furniture can use the word Bank
in its name.
Marks: 2+ 1True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
30. Ledger keeper is authorised to disclose the balance of the account of the
customer to a stranger.
Marks: 2+ 1True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
31. Line is a/an ________ of the creditor to retain possession.
A.Obligation
B.Right
C.Interest
D.Protection
B.Right
You Answered B.Right
Explanation :
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Page 11 of 38
Marks:
2+ 1-
Module : Module A
Chapter : Chapter3
32. Where as general lien gives right to retain goods, Bankers lien has
_________ in case of default.
Marks: 2+ 1A.right to create charge
B.right to create mortgage
C.right to sell.
C.right to sell.
You Answered C.right to sell.
Explanation :
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Module : Module A
Chapter : Chapter3
33. General lien gives the creditor right to retain ________ which have
come in his possession.
Marks: 2+ 1A.all goods
B.some goods
C.specific goods
A.all goods
You Answered A.all goods
Explanation :
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Module : Module A
Chapter : Chapter3
34. Particular lien gives the creditor right to retain ________ in case the
expenses incurred are not paid.
Marks: 2+ 1A.all goods
B.some goods
C.specific goods
C.specific goods
You Answered C.specific goods
Explanation :
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Module : Module A
Chapter : Chapter3
35. Bankers lien is a/an _________.
Marks:
A.hypothecation
B.mortgage
C.implied pledge
D.pledge
C.implied pledge
You Answered C.implied pledge
Explanation :
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Page 12 of 38
2+ 1-
Module : Module A
Chapter : Chapter3
36. In case of __________ goods, Bankers lien is not applicable.
Marks:
A.owners goods
B.stolen goods
C.finished goods
B.stolen goods
You Answered B.stolen goods
Explanation :
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Module : Module A
Chapter : Chapter3
37. The right to _______ two accounts is known as set-off.
2+ 1-
A.Open
B.Bankers right
C.Combine
C.Combine
You Answered B.Bankers right
Explanation :
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Module : Module A
Chapter : Chapter3
38. Right of set-off is not discretionary right with the bank. .
Marks:
Marks:
2+ 1-
True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
39. With the death of a partner of a partner of a firm having a cash credit
account the account of the firm can continued as thitherto.
Marks: 2+ 1True
False
False
You Answered True
Explanation :
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Module : Module A
Chapter : Chapter3
40. Transfer of funds from the partnership account to the credit of the
account of a partner to set-off a debit balance, is in order.
Marks: 2+ 1-
Page 13 of 38
2+
True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
41. The right of set-off is __________.
Marks:
2+ 1-
A.Customers right
B.Bankers right
C.Bankers obligation
D.Banks descrition.
D.Banks descrition.
You Answered D.Banks descrition.
Explanation :
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Module : Module A
Chapter : Chapter3
42. Garnishee order is issued by _______.
Marks:
A.Police officer
B.Revenue authority
C.Inforcement authority
D.Court of Law
D.Court of Law
You Answered D.Court of Law
Explanation :
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Module : Module A
Chapter : Chapter3
43. Attachment order is issued by __________.
A.Drawer of a cheque
B.Revenue authority
C.Manager of bank
B.Revenue authority
You Answered B.Revenue authority
Explanation :
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Module : Module A
Chapter : Chapter3
44. Mandate is _________ .
Marks: 2+ 1A.Signed letter to the Bank
B.Order of the court of law
C.Memorandum of understanding
D.Unstamped letter to the Bank
Page 14 of 38
2+ 1-
Marks:
2+ 1-

D.Unstamped letter to the Bank
You Answered D.Unstamped letter to the Bank
Explanation :
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Module : Module A
Chapter : Chapter3
45. Power of attorney is _________.
Marks: 2+ 1A.Signed letter to the Bank
B.A promissory note
C.Garnishee order
D.Stamped documents.
D.Stamped documents.
You Answered D.Stamped documents.
Explanation :
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Module : Module A
Chapter : Chapter3
46. Person to whom a power of attorney is given is called _________ and
the person who gives the Power of attorney is called _________.
Marks:
2+
1-
A.Debtor-Creditor
B.Bailor-Bailee
C.Agent, Principal (donor, donee)
C.Agent, Principal (donor, donee)
You Answered C.Agent, Principal (donor, donee)
Explanation :
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Module : Module A
Chapter : Chapter3
47. A letter of mandate is generally issued for a short or temporary period.
Marks:
2+ 1-
True
False
True
You Answered True
Explanation :
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Module : Module A
Chapter : Chapter3
48. Mandates are accepted from limited companies and cooperative
societies.
Marks: 2+ 1True
False
Page 15 of 38
False

You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
49. Special power of attorney gives extensive powers to the agent to
perform many acts. .
Marks: 2+ 1True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
50. Garnieshee order is issued by the revenue authorities. .
True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
51. Attachment order is issued by the Court of Law.
Marks:
Marks:
2+ 1-
2+ 1-
True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
52. Promissory Notes, Bills of Exchange and cheque are together defined
as____________
Marks: 2+ 1A.Negotiable instruments
B.Transferred instruments
C.Trust Receipts
D.Documents of Title to goods.
A.Negotiable instruments
You Answered A.Negotiable instruments
Explanation :
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Page 16 of 38
Module : Module A
Chapter : Chapter3
53. N.I.are easily ________
Marks:
2+ 1-
A.transferable
B.gifted
C.sold
A.transferable
You Answered A.transferable
Explanation :
undefined
Module : Module A
Chapter : Chapter3
54. a cheque is drawn on a __________
Marks:
2+ 1-
A.owner of ship
B.an agent of a principal
C.bank
C.bank
You Answered C.bank
Explanation :
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Module : Module A
Chapter : Chapter3
55. a cheque is payable on a _________
Marks:
2+ 1-
A.demand
B.after certain days
C.on a fixed future date.
A.demand
You Answered A.demand
Explanation :
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Module : Module A
Chapter : Chapter3
56. Two parallel transverse lines across the cheque is called _________
Marks:
2+ 1-
A.endorsement
B.transfer
C.assignment
D.crossing
D.crossing
You Answered D.crossing
Explanation :
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Module : Module A
Chapter : Chapter3
Page 17 of 38
57. Crossing is a direction to the ________ bank to pay the cheque to the
payee through a bank.
Marks: 2+ 1A.drawer
B.payee
C.paying
D.collecting
C.paying
You Answered D.collecting
Explanation :
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Module : Module A
Chapter : Chapter3
58. When a cheque is drawn on a bank is called the __________.
Marks:
1-
A.drawer
B.endorser
C.acceptor
D.drawee
D.drawee
You Answered D.drawee
Explanation :
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Module : Module A
Chapter : Chapter3
59. The crossing in a crossed cheque can be cancelled by ________.
Marks:
2+ 1-
A.drawer
B.endorser
C.acceptor
D.drawee
A.drawer
You Answered A.drawer
Explanation :
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Module : Module A
Chapter : Chapter3
60. Acts done honestly is called acts done.
A.without negligence
B.rashly
C.mollified
D.in good faith
D.in good faith
You Answered A.without negligence
Explanation :
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Page 18 of 38
Marks:
2+ 1-
2+
Module : Module A
Chapter : Chapter3
61. Mere signature of the payee on the reverse of the instrument is called
________ endorsement
Marks: 2+ 1A.full
B.blank
C.conditional
D.restrictive
B.blank
You Answered B.blank
Explanation :
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Module : Module A
Chapter : Chapter3
62. Sans recourse means _______.
Marks:
2+ 1-
A.I am not afraid

B.Do not touch me
C.ask the drawer
D.without liability to me
D.without liability to me
You Answered D.without liability to me
Explanation :
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Module : Module A
Chapter : Chapter3
63. A cheque is a Bill of Exchange.
Marks: 2+ 1True
False
True
You Answered True
Explanation :
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Module : Module A
Chapter : Chapter3
64. Drawee of a cheque is not a banker. .
True
False
False
You Answered True
Explanation :
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Module : Module A
Chapter : Chapter3
65. A promissory note can be crossed.
Page 19 of 38
Marks:
Marks:
2+ 1-
2+ 1-
True
False
False
You Answered True
Explanation :
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Module : Module A
Chapter : Chapter3
66. A cheque needs acceptance.
Marks:
2+ 1-
True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
67. A holder-in-due accepts N.I. for consideration.
Marks:
True
False
True
You Answered True
Explanation :
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Module : Module A
Chapter : Chapter3
68. Crossing of a cheque can be done by the drawer only.
2+ 1-
Marks:
2+ 1-
True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
69. Transferee of a negotiable instrument will not get a better title
transferor.
Marks: 2+ 1True
False
False
You Answered False
Explanation :
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Page 20 of 38
Module : Module A
Chapter : Chapter3
70. A cheque can be issued payable after 3 month from the date of its
issuance.
Marks: 2+ 1True
False
False
You Answered True
Explanation :
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Module : Module A
Chapter : Chapter3
71. A banker on whom a cheque is drawn by customer is ___________.
Marks:
2+ 1-
A.Collecting banker
B.Paying banker
C.Advising banker
D.Confirming banking.
B.Paying banker
You Answered B.Paying banker
Explanation :
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Module : Module A
Chapter : Chapter3
72. A banker who collects a cheque for and on behalf of his customer is
__________.
Marks: 2+ 1A.Collecting banker
B.Paying banker
C.Advising banker
A.Collecting banker
You Answered A.Collecting banker
Explanation :
undefined
Module : Module A
Chapter : Chapter3
73. Section 131 of N.I. Acts extends protection to the __________.
Marks:
2+ 1-
A.Collecting banker
B.Paying banker
C.Advising banker
A.Collecting banker
You Answered A.Collecting banker
Page 21 of 38
Explanation :
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Module : Module A
Chapter : Chapter3
74. Section 85 of N.I. Acts extends protection to the __________.
1
Marks:
2+
A.Collecting banker
B.Paying banker
C.Advising banker
B.Paying banker
You Answered B.Paying banker
Explanation :
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Module : Module A
Chapter : Chapter3
75. When a banker makes payment of a cheque after banking hour he will
be held __________.
Marks: 2+ 1A.liable
B.reasonable
C.acceptable
A.liable
You Answered A.liable
Explanation :
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Module : Module A
Chapter : Chapter3
76. One of the condition to honour the cheque by the paying banker is that
amount in words and figures should ____________.
Marks: 2+ 1A.differ
B.tally
C.be clear
B.tally
You Answered B.tally
Explanation :
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Module : Module A
Chapter : Chapter3
77. Where a customer by a letter has advised the bank directing the banker
not to honour / pay a particular cheque such a letter is called _________.
Marks:
2+ 1-
A.letter of authority
B.letter of credit
C.stop payment letter
D.letter of continuity.
Page 22 of 38
C.stop payment letter

You Answered C.stop payment letter
Explanation :
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Module : Module A
Chapter : Chapter3
78. Where a customer has issued a cheque date of which is yet to come,
such a cheque is called ____.
Marks: 2+ 1A.stale cheque
B.post-dated cheque
C.crossed cheque
D.stolen cheque
B.post-dated cheque
You Answered B.post-dated cheque
Explanation :
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Module : Module A
Chapter : Chapter3
79. When a bank pays a cheque according to the apparent tenor, in good
faith and without having reason to doubt the bonafide of the presendor,
such payment is ___________.
Marks: 2+ 1A.wrong payment
B.late payment
C.future payment
D.payment in due course
D.payment in due course
You Answered D.payment in due course
Explanation :
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Module : Module A
Chapter : Chapter3
80. To get the protection under S / 131, a collecting bank has to collect a
______for credit of is customer
Marks: 2+ 1A.stolen cheque
B.stale cheque
C.postdated cheque
D.crossed cheque
D.crossed cheque
You Answered D.crossed cheque
Explanation :
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Module : Module A
Chapter : Chapter3
81. Payment of cheque must be made by the banker within banking hours.
Marks:
2+ 1-
Page 23 of 38
True
False
True
You Answered True
Explanation :
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Module : Module A
Chapter : Chapter3
82. Payment of a postdated cheque by a banker is in order.
True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
83. A bearer cheque is always payable to bearer.
Marks:
Marks:
2+ 1-
2+ 1-
True
False
True
You Answered True
Explanation :
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Module : Module A
Chapter : Chapter3
84. Payment of a cheque at a branch other than the branch where it is
payable, is in order.
Marks: 2+ 1True
False
False
You Answered False
Explanation :
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Module : Module A
Chapter : Chapter3
85. Stopped payment cheques should be paid by the banker.
True
False
False
You Answered False
Explanation :
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Page 24 of 38
Marks:
2+ 1-
Module : Module A
Chapter : Chapter3
86. If a cheque is stolen in transit and presented at the drawee bank by a
holder in due course case and if the cheques is paid by the bank in due
course in a case the drawee bank would be _______.
Marks: 2+ 1A.be held liable
B.would not be held liable
C.would be found guilty
B.would not be held liable
You Answered B.would not be held liable
Explanation :
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Module : Module A
Chapter : Chapter3
87. where the signature of the drawer of a cheque is not genuine, such a
cheque is called _________.
Marks: 2+ 1A.post-dated cheque
B.forged cheque
C.clearing cheque
D.stale cheque
B.forged cheque
You Answered B.forged cheque
Explanation :
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Module : Module A
Chapter : Chapter3
88. a forged cheque is a valid cheque.
Marks:
2+ 1-
True
False
False
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
89. true owner of a cheque will be entitled for payment even when the
cheque has been lost and it has reached the hands of holder in due course.
Marks:
2+ 1-
True
False
False
You Answered False
Explanation :
undefined
Page 25 of 38
Module : Module A
Chapter : Chapter3
90. where a person has lost an article and if the article comes in procession
of a bonafide purchaser, the bonafide purchaser will not be entitled to the
article.
Marks: 2+ 1True
False
True
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
91. Section 138 states that drawer of a cheque is liable to be punished if the
cheque is bounced for ___________.
Marks: 2+ 1A.not crossing
B.alteration in figures
C.being postdated
D.insufficient fund
D.insufficient fund
You Answered D.insufficient fund
Explanation :
undefined
Module : Module A
Chapter : Chapter3
92. when a drawer draws a cheque without keeping sufficient balance and if
the cheque is dishonoured for insufficient funds, the drawer is punishable
with and imprisonment which may extend to ________ and or a fine.
Marks:
2+ 1-
A.two months
B.four month
C.one year
C.one year
You Answered C.one year
Explanation :
undefined
Module : Module A
Chapter : Chapter3
93. Demand deposits are those which can be withdrawn __________.
Marks:
2+ 1-
A.on demand
B.at any future date
C.after one year
D.after 5 years
Page 26 of 38
A.on demand

You Answered A.on demand
Explanation :
undefined
Module : Module A
Chapter : Chapter3
94. Current deposits are not entitled to ________.
Marks:
2+ 1-
A.Cheque book
B.Statements
C.Customer service
D.interest.
D.interest.
You Answered D.interest.
Explanation :
undefined
Module : Module A
Chapter : Chapter3
95. In savings deposits interest is paid on _______ balance in the a/c
between 10th to last working day of the month
Marks: 2+ 1A.maximum
B.average
C.minimum
D.last balance
C.minimum
You Answered C.minimum
Explanation :
undefined
Module : Module A
Chapter : Chapter3
96. Introduction in all deposits accounts is _________
Marks:
A.optional
B.compulsory
C.discretion of the bank
B.compulsory
You Answered B.compulsory
Explanation :
undefined
Module : Module A
Chapter : Chapter3
97. A minor below age of 7 can open an account independently.
True
False
False
You Answered False
Page 27 of 38
2+ 1-
Marks:
2+ 1-
Explanation :
undefined
Module : Module A
Chapter : Chapter3
98. When a customer dies contractual relationship between the bank and
the customer is terminated.
Marks: 2+ 1True
False
True
You Answered True
Explanation :
undefined
Module : Module A
Chapter : Chapter3
99. A Will need not be probated by a court.
Marks:
2+ 1-
True
False
False
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
100. If a customer tenders a cheque for payment when he is drunk bank
should not have witness at the time of signing and the payment.
Marks:
1-
True
False
False
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
101. A partner has no implied authority to admit the liability in any suit
client filed against the firm.
Marks: 2+ 1True
False
True
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
Page 28 of 38
2+
102. Public limited company should have a minimum of at least ________

members.
Marks: 2+ 1A.50
B.15
C.7
D.without limit.
C.7
You Answered C.7
Explanation :
undefined
Module : Module A
Chapter : Chapter3
103. Government companies are companies where the government holds at
least ________ % share of the company.
Marks: 2+ 1A.80
B.50
C.75
D.51
D.51
You Answered D.51
Explanation :
undefined
Module : Module A
Chapter : Chapter3
104. Section ______ of the company Act details the borrowing limits of the
company.
Marks: 2+ 1A.85(A)
B.31
C.293(1)
D.5(b)
C.293(1)
You Answered C.293(1)
Explanation :
undefined
Module : Module A
Chapter : Chapter3
105. The Trustees _________ delegate their powers.
A.can
B.can not
B.can not
You Answered B.can not
Explanation :
undefined
Module : Module A
Chapter : Chapter3
Page 29 of 38
Marks:
2+ 1-
106. Execution of a will is entrusted to __________
Marks:
2+ 1-
A.Administrator
B.holding of power of attorney
C.Executor
D.holder in due close.
C.Executor
You Answered C.Executor
Explanation :
undefined
Module : Module A
Chapter : Chapter3
107. Administrator is a person appointed by __________ to look after the
property under letter of Administrator.
Marks: 2+ 1A.the government
B.the Court
C.the bank
D.RBI
B.the Court
You Answered B.the Court
Explanation :
undefined
Module : Module A
Chapter : Chapter3
108. __________ is a person appointed by the Court to wind up the
company.
Marks: 2+ 1A.Administrator
B.Executor
C.Registrar
D.liqudator
D.liqudator
You Answered D.liqudator
Explanation :
undefined
Module : Module A
Chapter : Chapter3
109. the person appointed by the court to look after the property under
letter of administrator is executor
Marks: 2+ 1True
False
False
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
Page 30 of 38
110. the person who is entrusted with the work of execution of the will is
called executor.
Marks: 2+ 1True
False
True
You Answered True
Explanation :
undefined
Module : Module A
Chapter : Chapter3
111. Trustees cannot delegate their powers.
Marks:
2+ 1-
True
False
True
You Answered True
Explanation :
undefined
Module : Module A
Chapter : Chapter3
112. No loans should be granted to clubs and associations
Marks:
2+ 1-
True
False
True
You Answered True
Explanation :
undefined
Module : Module A
Chapter : Chapter3
113. 293 (i)(d) of company Act stipulates the borrowing limit of a limited
company.
Marks: 2+ 1True
False
True
You Answered True
Explanation :
undefined
Module : Module A
Chapter : Chapter3
114. Memorandum of Association stipulates internal rules of a company
Marks:
2+ 1-
True
False
Page 31 of 38
False

You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
115. Article of Association lays down objects of the company.
Marks:
2+ 1-
True
False
True
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
116. NRNR & FCNR (B) accounts can be kept in the from of _________
deposits
Marks: 2+ 1A.Term Deposits
B.Current Deposits
C.Saving Deposits
D.Recurring Deposits
A.Term Deposits
You Answered A.Term Deposits
Explanation :
undefined
Module : Module A
Chapter : Chapter3
117. Accounts jointly with residents can be opened in the case of
__________ accounts.
Marks: 2+ 1A.FCNR (B) and NRE
B.NRO and NRNR
B.NRO and NRNR
Explanation :
undefined
Module : Module A
Chapter : Chapter3
118. Accounts jointly with residents cannot be opened in the case of
__________ accounts.
Marks: 2+ 1A.FCNR (B) and NRE
B.NRO and NRNR
A.FCNR (B) and NRE
You Answered B.NRO and NRNR
Explanation :
undefined
Page 32 of 38
Module : Module A
Chapter : Chapter3
119. The term Non-resident Indian means an individual being a citizen of
India or a person of Indian origin outside India.
Marks: 2+ 1True
False
True
You Answered True
Explanation :
undefined
Module : Module A
Chapter : Chapter3
120. FCNR (B) account can be kept in the Current, Saving and Recurring
Deposits.
Marks: 2+ 1True
False
False
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
121. Rate of interest payable on NRO, NRE and FCNR Deposits are left to the
discretion of Banks.
Marks: 2+ 1True
False
False
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
122. The banker should not ________ the account of his customer unless
there is justifiable reason for the closure.
Marks: 2+ 1A.close
B.open
C.transfer
A.close
You Answered A.close
Explanation :
undefined
Module : Module A
Chapter : Chapter3
123. Passbook is a _______ of transactions between the customer and the
bank.
Marks: 2+ 1-
Page 33 of 38
A.basis
B.source
C.record
D.root
C.record
You Answered C.record
Explanation :
undefined
Module : Module A
Chapter : Chapter3
124. When account is following is closed by the bank, proper________
should be given to the customer
Marks: 2+ 1A.thanks letter
B.guarantee
C.notice
D.demand
C.notice
You Answered C.notice
Explanation :
undefined
Module : Module A
Chapter : Chapter3
125. Passbook is a copy of the customers account.
Marks:
2+ 1-
True
False
True
You Answered True
Explanation :
undefined
Module : Module A
Chapter : Chapter3
126. When a banker closes the account of the customer he is not required to
send any notice.
Marks: 2+ 1True
False
False
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
127. When a banker of a partnership account who has got an account with
the bank, dies the bank should close the account.
Marks: 2+ 1-
Page 34 of 38
True
False
True
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
128. When banker receives intimation of death of the customer, account is
allowed to continue.
Marks: 2+ 1True
False
False
You Answered False
Explanation :
undefined
Module : Module A
Chapter : Chapter3
129. The present CRR and SLR requirements are ________ , respectively.
Marks:
2+ 1-
A.20% and 40%

B.3% and 25%
C.5% and 30%
B.3% and 25%
You Answered C.5% and 30%
Explanation :
undefined
Module : Module A
Chapter : Chapter3
130. Present minimum capital adequacy ratio is 9% of
Marks:
2+ 1-
A.Total liabilities
B.Total assets
C.Total risk weighted assets
C.Total risk weighted assets
You Answered C.Total risk weighted assets
Explanation :
undefined
Module : Module A
Chapter : Chapter3
131. New Prudential Accounting Norms cover
Marks: 2+ 1A.interest rates
B.Method of lending
C.Deposits
D.Capital adequacy, income recognition, Assets classification and
Provisioning
Page 35 of 38

D.Capital adequacy, income recognition, Assets
classification and Provisioning
You Answered D.Capital adequacy, income recognition, Assets
classification and Provisioning
Explanation :
undefined
Module : Module A
Chapter : Chapter3
132. A borrowal account is designated as non performing asset when the
interest and/or instalment remains unpaid for
Marks: 2+ 1A.1 quarter
B.2 quarters
C.3 quarters
D.4 quarters
B.2 quarters
You Answered A.1 quarter
Explanation :
undefined
Module : Module A
Chapter : Chapter3
133. RBI ensures that banks operate within set norms by conducting
_________ inspections and _________ monitoring.
Marks: 2+ 1A.on-site, off-site
B.field, commodity prices
C.stock, stock market
A.on-site, off-site
You Answered A.on-site, off-site
Explanation :
undefined
Module : Module A
Chapter : Chapter4
134. On-site inspection is followed by
Marks:
2+ 1-
A.supervisory letter
B.renewal of licence
C.fresh audit
A.supervisory letter
You Answered B.renewal of licence
Explanation :
undefined
Module : Module A
Chapter : Chapter4
135. Quarterly on-site visits are undertaken in respect of
A.all banks
B.urban co-operative banks
C.newly licensed banks during first year
Page 36 of 38
Marks:
2+ 1-

C.newly licensed banks during first year
You Answered C.newly licensed banks during first year
Explanation :
undefined
Module : Module A
Chapter : Chapter4
136. Frequency of First Tranche Returns is
Marks: 2+ 1A.monthly
B.monthly / quarterly
C.monthly / quarterly / half-yearly
C.monthly / quarterly / half-yearly
You Answered B.monthly / quarterly
Explanation :
undefined
Module : Module A
Chapter : Chapter4
137. Second Tranche of OSMOS returns cover
Marks: 2+ 1A.asset quality
B.liquidity and interest rate exposures
C.ownership pattern of deposits
B.liquidity and interest rate exposures
You Answered C.ownership pattern of deposits
Explanation :
undefined
Module : Module A
Chapter : Chapter4
138. Under Section 37 of the Banking Regulation Act, a moratorium order
can be issued by the High Court for a maximum total period of
Marks: 2+ 1A.one month
B.six month
C.one year
B.six month
You Answered C.one year
Explanation :
undefined
Module : Module A
Chapter : Chapter4
139. When a banking company is placed under moratorium under Section 45
of B.R.Act, the RBI must prepare a scheme
Marks: 2+ 1A.VRS for staff
B.capital buy back
C.reconstruction of the company or amalgamation with any other bank
C.reconstruction of the company or amalgamation
with any other bank
Page 37 of 38

You Answered C.reconstruction of the company or amalgamation with any
other bank
Explanation :
undefined
Module : Module A
Chapter : Chapter4
140. An order for winding up a banking company can be issued by
Marks: 2+
1-
A.the High Court

B.the RBI
C.the Central Government
A.the High Court
You Answered A.the High Court
Explanation :
undefined
Module : Module A
Chapter : Chapter4
141. Principal function of banks are :
Marks:
2+ 1-
A.accepting deposits
B.lending and investing
C.non fund business and remittance services
D.all of above
D.all of above
You Answered D.all of above
Explanation :
undefined
Module : Module A
Chapter : Chapter4
Page 38 of 38

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Your IIBF Sample Question Results

Overall Results Exam

1. A public sector bank of is a body corporate created under special statute

2. A banking company is registered under the Banking Regulation Act

3. Cooperative banks are registered under the Cooperative Societies Act

A. A body corporate created under a special statute

A.State Cooperative Societies Act

A.On the recommendation of RBI

A.State Bank, Central Bank of India

A.Controller of Capital Issues

Your Answer is Correct

The Correct Answer is :

Your Answer is Correct

A.I am not afraid

C.stop payment letter

Your Answer is Correct

Your Answer is Correct

102. Public limited company should have a minimum of at least ________

106. Execution of a will is entrusted to __________

Your Answer is Correct

A.20% and 40%

The Correct Answer is :

The Correct Answer is :

Your Answer is Correct

A.the High Court

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