JIBO 2025 Questions
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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
Non-Cooperative Borrower: who falls under this classification?
For how long is a Wilful Defaulter debarred from taking fresh credit?
Up to what amount of advance foreign remittance is a bank guarantee not required?
What is meant by the Tarun Plus scheme?
Which type of loan is not permitted to a company for buying back its own shares?
Which categories of stock-broking entities are permitted to obtain bank finance?
Which are the recognised securities depositories referred to in banking operations?
Who decides the issue price/rate of Sovereign Gold Bonds?
What is the maximum tenure permitted for export credit?
Which authority can permit refund of foreign exchange against damaged export goods?
For what maximum period can an ad-hoc credit limit be granted?
What does a reduction in current assets indicate in a funds-flow analysis?
What does a high current ratio combined with a low acid-test ratio indicate?
How frequently is an SB-11 account reviewed?
What type of finance is extended to vendors of a major industry?
Under URDG 758, which demand/letter is required for payment under a bank guarantee?
What is the course of action when the digital data supporting a bill under eUCP crashes?
What should a bank do when advance foreign remittance is received against an export?
Which trade document contains details such as the quantity and weight of goods?
Which securities/instruments are eligible for SLR maintenance?
What is a derivative?
How is depreciation treated in a funds-flow statement?
How does buyers’ credit help an importer?
On payment of which due/outstanding amount can an exporter face debarrment?
What is meant by the one-day shut period of a bond?
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)
Which type of YONO Business is issued to quasi-government bodies?
What delay is allowed in reporting high-value transactions?
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%
Is an NRI eligible to open an SCSS account?
Which transaction is not treated as part of Footfall Reduction?
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
Who is the authorised officer to stop or reactivate an account?
What is the maximum time allowed for closure of a customer complaint?
Up to what time limit can a customer report an unauthorised transaction?
Which declaration is uploaded first for NRI walking/digital account opening?
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
What is the purpose of the RBI UDGAM portal in relation to DEAF accounts?
Insurance charged to the bank is treated as what?
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
What is SBI ePay not permitted to be used for?
In an APT/cyber attack, what is meant by gaining access and staying undetected?
What is meant by a Digital Arrest?
Which transaction is not permitted in a Small Account?
What photo/signature requirement applies to a gold loan?
TDS collected from April to February should be remitted by what due date?
How frequently is the PVC meeting held?
What are the free ATM transaction limits under the revised service charges?
Which card type does not allow cash withdrawal at a POS terminal?
What documents are required to open an HUF account?
What is the minimum balance requirement for a Rhodium account?
The standard practice for KYC is followed as per which institution?
Who can authorise opening a savings account when the name appears in name screening?
Who are the members of FIMMDA?
For whom or which transactions is the derivatives market authorised?
What is the need for nomination in safe custody and safe deposit facilities?
What is the prescribed Cash Retention Limit?
Where is a complaint against a DGM posted at Corporate Centre to be lodged?
Safety of the transaction is ensured by what security mechanism?
Who is eligible under the Whistle Blower Policy?
What should not be done while amending KYC for an NRI customer?
Which foreign inward-remittance transaction/message is associated with GMUK?
For which type of entity is a Legal Entity Identifier (LEI) not required?
What is the CET1 requirement under Basel III?
How many digits are there in an IOI number?
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
Which states were covered under the Swawlambini Scheme?
Saweety Boora received the Arjuna Award in which sport?
DPIIT’s logistics partnership highlighted in the question was with which country?
What is SBI EV Mitra?
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
What was the February partnership with the Partnership for Carbon Accounting Financials (PCAF) involving Indian Overseas Bank?
What penalty was imposed by RBI under the Payment and Settlement Systems Act?
What was the question related to Vijay Durg?
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
Hogrekan is associated with which Indian state?
Who was identified as the BrahMos/DRDO CEO?
Which countries/entities are members of ANRPC?
Henley Passport Index Topper
a) Japan
b) Singapore
c) Germany
d) Finland: b) Singapore
What was the MeitY–IIT Indore initiative known as Agrihub?
Where was the automated biomedical treatment plant mentioned in the exam question installed?
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
Who won the Grammy Award for Best Songwriter?
For how many months does the PM Internship Scheme provide the internship?
Which banknotes were covered by the RBI’s 2017 old-note guidelines?
What is SBI Unipay?
RTI Reply number of Days
a) 15 days
b) 30 days
c) 45 days
d) 60 days: b) 30 days
Which GI-tag related products, including Guntur Chilli, were asked about?
Maximum Members in a Public Ltd Company
a) 50
b) 100
c) 200
d) Unlimited: d) Unlimited
What is the shareholding pattern of NPCI?
What amount of India’s UN membership dues was paid in full?
The Sri Rama Sagar Dam was inaugurated by Jawaharlal Nehru on which river?
Where was the CRPC Integrated Ombudsman Scheme linked in the question?
How often is the Nelson Mandela Award presented?
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
RBI Depositories of securities
a) CDSL only
b) NSDL only
c) NSDL & CDSL
d) NSE & BSE: c) NSDL & CDSL