I need the JAIIB previous years question paper, will you please provide me the same???

As per your request here I am sharing the JAIIB previous years question paper:


1) The apex institution which handles refinance for agriculture and rural development is called:

a) RBI
b) SIDBI
c) NABARD
d) SEBI

Ans:- (c)

2) Long Form Audit Report (LFAR) is prepared and submitted by

a) RBI inspectors
b) Internal inspectors
c) Statutory auditors
d) Concurrent auditors

Ans:- (c)

3) As per FIMMDA’s guidelines, the Mid-Office is responsible for:

a) Dealing activities
b) Risk Management
c) Reconciliation
d) Confirmation of deals

Ans:- (b)

4) Interest is calculated on actual/365 days basis in respect of the following products, except one :

a) Call Money
b) Notice Money
c) Term Money
d) GOI dated securities

Ans:- (d)

5) Which was the first Mutual Fund started in India:

a) SBI Mutual Fund
b) Kotak Pioneer Mutual Fund
c) Indian Bank Mutual Fund
d) None of the above

Ans:- (d)

6) The regulator for Mutual Funds in India is:

a) FIMMDA
b) AMFI
c) RBI
d) SEBI

Ans:- (d)

7) FIMMDA’s general principles and procedures are applicable to:

a) Fixed Income Markets
b) Money Markets
c) Derivatives Markets
d) All of the above

Ans:- (d)

8) Your bank’s customer XYZ Ltd, enjoys a CC limit of Rs.1,00,000.00

The CC account shows a credit balance of Rs,10,205.00.
The relationship between your bank and XYZ Ltd is:

a) Debtor/Creditor
b) Creditor/Debtor
c) Bailor/Bailee
d) Bailee/Bailor

Ans:- (a)

9) The right of set-off is:

a) Customer’s Right
b) Customer’s Obligation
c) Banker’s Right
d) Banker’s Discretion

Ans:- (d)

10) Which of the following forms of business are permissible under BR Act:

a) Borrowing
b) Issuance of Letters of Credit
c) Buying and selling of bullion
d) All of the above

Ans:- (d)

11) Reserve Bank of India’s functions are classified into:

a) Supervisory & Regulatory
b) Promotional & Developmental
c) Refinance Activities
d) All of the above

Ans:- (d)

12) Minimum Bank Rate is:

a) 3%
b) 4%
c) 5%
d) None

Ans:- (d)

13) Sec ---- of RBI Act,1934 gives sole power to RBI to issue currency notes

a) 10
b) 18
c) 22
d) 26

Ans:- (c)

14) KYC means

a) Know Your Customer very well
b) Know Your existing Customer very well
c) Know Your prospective Customer very well
d) Satisfy yourselves about the customer’s identity and activities.

Ans:- (d)

15) In a Garnishee Order, the banker on whom garnishee order served is:

a) Judgement Debtor’s Creditor
b) Judgement Creditor’s Creditor
c) Judgement Creditor’s Debtor
d) Judgement Debtor’s Debtor

Ans:- (d)