jaiib caiib exams

Expand UTR The moment the RTGS message reaches the PI Server,   the system generates a   UTR   (Unique Transaction Reference No.)   akin to the IBR Tr. Sl. No. UTR is a 16 digit   Alpha-Numeric code, the first 4 digits contains the Bank Code in alphabets, 5th one meant   for the message code, 6th & 7th mentions the year, 8-10th mentions Julian Date (No. of   days in the calendar year are reckoned as the basis to arrive at the date of remittance) and   the last 6 digits mentions day’s serial no. of the message.    Repo rate in India When banks have any shortage of funds, they can borrow it from   Reserve Bank of India   or from other banks. The rate at which the RBI lends money to commercial banks is called   repo rate , a short term for   repurchase agreement . A reduction in the repo rate will help banks to get money at a cheaper rate. When the repo rate increases borrowing from RBI becomes more expensive. [1] . the repo rate in India is currently 8 % as of July 2011 SEBI The Se

                  1) An account holder draws a cheque on a : a)Banker of the Payee b)Banker of the Drawee c)Banker of the Drawer d)Banker of the Endorsee                                               (c)                               2)Obligation of a Banker to maintain secrecy is applicable to            a) Existing deposit accounts                      b) Existing safe deposit accounts                     c) Closed deposit accounts                      d) a,b and c   (existing/closed)                                (d)                      3)A holder for value is :                       a) A bank allows one of its clients to withdraw against                         clearing of a cheque.                     b) A bank which maintains   high net worth customers accounts                      b) A bank which collects cheques for non customers                      c) A bank which handles high value clearing cheques   (a)                                4)State which of   the following is/

MODEL QUESTIONS   ---   JAIIB 1)     Reserve Bank of India’s functions are classified into: a)     Supervisory & Regulatory b)     Promotional & Developmental c)     Refinance Activities d)    All of the above                                                                                 (d) 2)     Minimum Bank Rate is: a) 3% b) 4% c) 5% d) None                                                                                                     (d) 3)     Sec ---- of   RBI Act,1934 gives sole power to RBI to issue currency notes a) 10 b) 18 c) 22 d) 26                                                                                                          ( c ) 4)     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. (d) 5)     In a Garnishee Order, the banker on whom garnishee order served is: a) Judgement    D