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Your results are here!! for" JAIIB Paper 2 Module B Quiz 9 "
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Question 1 of 20
1. Question
Which statement correctly describes OD/CC out-of-order?
Correct
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 2 of 20
2. Question
A credit officer is reviewing OD/CC out-of-order. Which approach is most appropriate?
Correct
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 3 of 20
3. Question
For JAIIB purposes, which option best explains OD/CC out-of-order?
Correct
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 4 of 20
4. Question
Which action follows sound banking practice in a case involving OD/CC out-of-order?
Correct
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 5 of 20
5. Question
Which principle should guide a bank when dealing with OD/CC out-of-order?
Correct
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: Apply RBI tests concerning outstanding balance, credits and limit/drawing power. OD/CC accounts have specific ‘out of order‘ criteria under RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 6 of 20
6. Question
Which statement correctly describes agricultural NPA norms?
Correct
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 7 of 20
7. Question
A credit officer is reviewing agricultural NPA norms. Which approach is most appropriate?
Correct
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 8 of 20
8. Question
For JAIIB purposes, which option best explains agricultural NPA norms?
Correct
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 9 of 20
9. Question
Which action follows sound banking practice in a case involving agricultural NPA norms?
Correct
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
-
Question 10 of 20
10. Question
Which principle should guide a bank when dealing with agricultural NPA norms?
Correct
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: Apply crop-season tests for short- and long-duration crops. Agricultural advances have crop-season-based classification rules, subject to RBI norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 11 of 20
11. Question
Which statement correctly describes substandard asset?
Correct
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 12 of 20
12. Question
A credit officer is reviewing substandard asset. Which approach is most appropriate?
Correct
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 13 of 20
13. Question
For JAIIB purposes, which option best explains substandard asset?
Correct
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 14 of 20
14. Question
Which action follows sound banking practice in a case involving substandard asset?
Correct
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 15 of 20
15. Question
Which principle should guide a bank when dealing with substandard asset?
Correct
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: An asset that has remained NPA for the prescribed substandard period. Classification depends on the asset‘s NPA status and duration under current norms. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 16 of 20
16. Question
Which statement correctly describes doubtful asset?
Correct
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 17 of 20
17. Question
A credit officer is reviewing doubtful asset. Which approach is most appropriate?
Correct
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 18 of 20
18. Question
For JAIIB purposes, which option best explains doubtful asset?
Correct
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 19 of 20
19. Question
Which action follows sound banking practice in a case involving doubtful asset?
Correct
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
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Question 20 of 20
20. Question
Which principle should guide a bank when dealing with doubtful asset?
Correct
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Incorrect
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.
Unattempted
Correct answer: An asset that has remained substandard for the prescribed period. Doubtful classification follows the prescribed period in the substandard category. The distractors are incorrect because they conflict with the applicable lending, legal, risk-management or operational principle. In practice, officers should also check the latest RBI directions, the relevant statute and their bank‘s current approved policy.