JIBO 2025 Questions
What is a confirmed LC?
a) A Letter of Credit that cannot be canceled
b) A Letter of Credit where the advising bank adds confirmation of payment
c) A Letter of Credit that requires pre-payment
d) A Letter of Credit with extended validity: b) A Letter of Credit where the advising bank adds confirmation of payment5
LC where Advance is allowed
a) Sight LC
b) Deferred Payment LC
c) Red Clause LC
d) Back-to-Back LC: c) Red Clause LC
What happens to bills discounted if importer doesn’t pay?
a) The exporter must repay the bank
b) The issuing bank covers the payment
c) The confirming bank covers the payment
d) The bill becomes void: a) The exporter must repay the bank
Purpose of UCPDC
a) To regulate foreign exchange rates
b) To standardize practices for documentary credits internationally
c) To monitor cross-border transactions
d) To limit bank liability in trade finance: b) To standardize practices for documentary credits internationally
Aggregate Group Exposure Ceiling
a) 15% of bank’s capital funds
b) 20% of bank’s capital funds
c) 25% of bank’s capital funds
d) 30% of bank’s capital funds: c) 25% of bank’s capital funds
Exposure Ceiling is decided by which committee?
a) Audit Committee
b) Risk Management Committee
c) Executive Committee
d) Asset Liability Committee: b) Risk Management Committee
Doubtful asset classification when collateral % reduces to
a) Less than 10%
b) Less than 25%
c) Less than 50%
d) Less than 75%: c) Less than 50%
Asset Reconstruction Company minimum Capital Requirements
a) ₹100 crore
b) ₹200 crore
c) ₹500 crore
d) ₹1000 crore: a) ₹100 crore
TRRACS refers to
a) Trade Risk Review and Assessment Control System
b) Treasury Risk Reporting and Compliance System
c) Trade Related Risk Assessment and Control System
d) Transaction Risk Rating and Compliance System: c) Trade Related Risk Assessment and Control System
Outward Remittance Message Created for what amount of Transaction
a) Above ₹50,000
b) Above ₹1,00,000
c) Above ₹5,00,000
d) Above ₹10,00,000: b) Above ₹1,00,000
T Bills issued for max tenure of
a) 90 days
b) 182 days
c) 364 days
d) 730 days: c) 364 days
Role of Reimbursing Bank
a) To reimburse the issuing bank for payments made
b) To reimburse the nominated bank that has honored or negotiated under the credit
c) To reimburse the beneficiary directly
d) To reimburse all banks involved in the transaction: b) To reimburse the nominated bank that has honored or negotiated under the credit
Reconciliation of Vostro accounts are done by
a) The account-holding bank
b) The correspondent bank
c) Both banks jointly
d) Independent auditors: a) The account-holding bank
CUE is up to what amount
a) USD 100,000
b) USD 500,000
c) USD 1,000,000
d) USD 5,000,000: c) USD 1,000,000
Audited Financials not required up to what amount
a) ₹5 crore
b) ₹10 crore
c) ₹25 crore
d) ₹50 crore: a) ₹5 crore
Risk associated with Unhedged Foreign Currency exposure
a) Credit risk
b) Market risk
c) Operational risk
d) Currency risk: d) Currency risk
Credit Conversion Factor
a) 20% for all off-balance sheet items
b) 50% for all off-balance sheet items
c) 100% for all off-balance sheet items
d) Varies based on the type of off-balance sheet item: d) Varies based on the type of off-balance sheet item
Consortium Lending – 10% and maximum 10 members refers to
a) Minimum share of 10% and maximum 10 members
b) Maximum share of 10% and minimum 10 members
c) Minimum profit share of 10% and maximum 10 borrowers
d) Maximum loss of 10% and minimum 10 lenders: a) Minimum share of 10% and maximum 10 members
Applicability of Takeover norms
a) When acquiring more than 10% of shares
b) When acquiring more than 25% of shares
c) When acquiring more than 50% of shares
d) When acquiring any shares of a listed company: b) When acquiring more than 25% of shares
LRS Allowed Transactions include
a) Only education expenses
b) Only medical treatment abroad
c) Only property purchase
d) Investment, education, medical treatment, and other approved purposes: d) Investment, education, medical treatment, and other approved purposes
Types of Risk under Operational Risk
a) People, Process, Systems, and External Events
b) Credit, Market, and Liquidity
c) Strategic and Reputational
d) Regulatory and Compliance: a) People, Process, Systems, and External Events
Risk on Failed Strategy is classified as
a) Operational Risk
b) Strategic Risk
c) Credit Risk
d) Market Risk: b) Strategic Risk
Risk of failure to maintain collateral or without having incurred any loss is known as
a) Operational Risk
b) Legal Risk
c) Collateral Risk
d) Credit Risk: b) Legal Risk
Power vested with whom to close a Bank in case of failure
a) Reserve Bank of India
b) Ministry of Finance
c) Supreme Court
d) Bank’s Board of Directors: a) Reserve Bank of India
CGTMSE cover not provided to which type of Borrower
a) Small Businesses
b) Micro Enterprises
c) Large Corporations
d) Women Entrepreneurs: c) Large Corporations
Post Shipment Finance availed at what time?
a) Before goods are manufactured
b) Before goods are shipped
c) After goods are shipped but before payment
d) After payment is received: c) After goods are shipped but before payment
Nominee is a Trustee
a) True
b) False
c) Depends on the type of account
d) Only for joint accounts: a) True
NEFT Required fields include
a) Only account number
b) Only IFSC code
c) Both account number and IFSC code
d) PAN number: c) Both account number and IFSC code
RTGS settlement happens in ledger of
a) Sender’s bank
b) Receiver’s bank
c) Central bank (RBI)
d) NPCI: c) Central bank (RBI)
Minimum % of mutilated note biggest part required to get some value
a) 40%
b) 50%
c) 60%
d) 80%: b) 50%
Value of a note in 3 parts is
a) No value
b) Full value
c) Half value
d) Depends on the denomination: c) Half value
Minimum % ownership in a Partnership to be Beneficial Owner
a) 10%
b) 15%
c) 20%
d) 25%: b) 15%
Whether Garnishee order to a Partnership account also attaches Partners Individual account?
a) Yes, always
b) No, never
c) Only if specified in the order
d) Only if partnership is not registered: b) No, never
When is the account considered DEAF?
a) After 5 years of inactivity
b) After 7 years of inactivity
c) After 10 years of inactivity
d) After 15 years of inactivity: c) After 10 years of inactivity
Money Laundering – Placement refers to
a) Introducing illegal funds into the financial system
b) Concealing the source of illegal funds
c) Reintroducing laundered funds into the economy
d) Transferring funds internationally: a) Introducing illegal funds into the financial system
National Safayee Karmchari Aayog extended to
a) 2025
b) 2026
c) 2027
d) 2028: d) 2028
Jal Jeevan mission budget allocation
a) ₹47,000 crore
b) ₹57,000 crore
c) ₹67,000 crore
d) ₹77,000 crore: c) ₹67,000 crore
Urban Challenge Fund amount
a) ₹50,000 crore
b) ₹75,000 crore
c) ₹1 lakh crore
d) ₹2 lakh crore: c) ₹1 lakh crore
FEAST developed by which space institute
a) ISRO
b) VSSC
c) BARC
d) DRDO: b) VSSC
PM Vidyalakshmi 3% subvention up to what amount
a) ₹5 lakh
b) ₹7.5 lakh
c) ₹10 lakh
d) ₹15 lakh: c) ₹10 lakh
Minimum Balance Requirement for eRupee wallet
a) No minimum balance
b) ₹100
c) ₹500
d) ₹1,000: a) No minimum balance
Mens Hockey India League winner
a) Tamil Nadu Panthers
b) SR Bengal Tigers
c) UP Warriors
d) Delhi Dashers: b) SR Bengal Tigers
60% Mutual Credit Guarantee scheme to Member Lending Institutions – Max Loan Tenure
a) 5 years
b) 7 years
c) 10 years
d) 15 years: c) 10 years
Henley Passport Index Topper
a) Japan
b) Singapore
c) Germany
d) Finland: b) Singapore
Household Income for loan to be considered under Microfinance
a) Up to ₹1.25 lakh
b) Up to ₹2 lakh
c) Up to ₹3 lakh
d) Up to ₹5 lakh: c) Up to ₹3 lakh
Maximum Members in a Public Ltd Company
a) 50
b) 100
c) 200
d) Unlimited: d) Unlimited
RBI Depositories of securities
a) CDSL only
b) NSDL only
c) NSDL & CDSL
d) NSE & BSE: c) NSDL & CDSL
AQI Satisfactory range
a) 0-50
b) 51-100
c) 101-200
d) 201-300: b) 51-100
TRAI Guideline on usage of 140x 160x series is related to
a) Mobile numbering
b) Telemarketing calls
c) Internet bandwidth
d) DTH channels: b) Telemarketing calls
RTI Reply number of Days
a) 15 days
b) 30 days
c) 45 days
d) 60 days: b) 30 days