Recalled questions for jaiib exam

 Recalled questions for jaiib exam

👉 Normal transit period is 25 days for foreign currency export bill.

👉Under LC if godown is approved by India then LC will be clear in 15 months.

👉 Notice Money time range is 2 days to 14 days.

👉 Total outstanding is 140 Cr and security is 12 Cr and account is substandard then provision?

Since it is unsecured substandard so 25% provision of outstanding amount: 140*25%= 35 Cr

👉In which year India switch to direct quotation: 1993

👉DvP Delivery vs Payment mitigate Settlement Risk

👉The issuing of CP is governed by guidelines issued by RBI and market Practices prescribed by FIMMDA

👉Packing Credit can be extended to merchant/manufacturing exporters for the period of his operating cycle subject to maximum of 180 days.

👉In CC/OD account no credit for more than 90 days and amount in account is not sufficient to recover the intrest then it is?

Out of Order

👉If higher the risk, higher the volatility and higher the return.

👉European Interest rate options means the holder can only exercise their options at expiration of contact.

👉Who are the members of the ACU?

Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka

👉Beneficiaries of exim line of credit to??

Importer
Exporter ( Answer)
Sovereign Government
AD Bank

👉When the target variable change with single unit then it can be measured using??

Ans :Sensitivity

👉 A 6 years bond with yield of 8% and if the yield is changed by 0.5% then the price will

Increase by 5.50%
Decrease by 5.50%
Increase by 2.82%
Decrease by 2.82%

👉In JPY/INR , one unit means 100 JPY.

👉Case study:

If you buy call option at 79.50 and you pay 0.50 as premium for booking option and on Maturity date if market price of USD is 81 Rs then??

If you buy put option at 79.50 and you pay 0.50 as premium for booking option and on Maturity date if market price of USD is 81 Rs then??

👉CRAR does not fully capture which risk?

Strategic
Market risk
Operational risk
Settlement risk

Answer is : Strategic risk & Settlement Risk

👉Difference between rate sensitive assets and rate sensitive liabilities is called??

Interest rate sensitive Gap

👉Under Article 14 of UCPDC 600 , opening bank will get how many days to check the documents?

Ans : 5 banking days.

👉 Treasury bill is not issued for following term?

91 days
365 days ( Answer)
364 days
180 days

👉As per RBI guidelines banks in India can accept Fixed Deposits upto?

60 months
100 months
120 months (Answer)
36 months

👉When a person buy an option to reduce the risk it in is called?

a. Arbitrage
b. Swap
c. Hedging ( Answer)
d. Speculation

👉How much amount an Indian company can send to foreign client without EDF/SOFTEX?

USD 1000
INR 1 LAC
USD 10000
INR 5 LAC (Answer)

👉 Which of the following is Agency service?

A- Custody
B- Retail Brokerage
etc.

👉Which of the following is not underlaying Assets for derivative?

1.Agriculture product
2. Interest rate
3. Forex
4. Gases

A- Only 1
B- Only 1 and 2
C- Only 1 and 3
D- All are underlying assets.

👉Nostro Account Aya hai

👉Bond Convexity is a measure of the relationship between bond prices and bond yields that shows how a bond's duration changes with interest rates.


👉Fx CLEAR is  developed by CCIL

👉An LC was issued by bank and the exporter started working on it. After 3 months,the importer informed exporter that we are cancelling this order and when exporter asked for reason, the opening bank and importer said that in LC nothing is written whether it's revocable or irrevocable LC so we can cancel the order.
Is banks stand right here?

Ans: No bank is wrong here because as per UCPDC 600 if nothing written on LC then the LC is considered as irrevocable LC hence importer can't cancel the order.

👉When a person buy an option to reduce the risk it in is called?

Arbitrage
Swap
Hedging (Answer)
Speculation

👉An account is called NPA if ?

It is outstanding for 2 crop seasons for small crop

👉Which has been disconnected:

EDF
SOFTEX
ECB 2 (Answer)
BEF

👉👉In LC , which bank are in the country of Beneficiary?

Opening bank
Confirming bank
Negotiating bank