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] . ...

                  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   ...

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                          ...