The principles and practices of banking (PPB) are the second paper for the Jayab exam. To excel in this exam, candidates need to adopt effective study strategies as well as a solid understanding of banking concepts. Practicing questions based on the latest exam pattern is important for complete preparation. Jaiib PPB enables candidates to indicate frequently tested subjects and prioritize their study accordingly. In this article, we have shared a free PDF of Jaiib PPB for the previous year’s questions to support the candidates in our preparation journey.
Jaiib PPB memory based questions
Jaiib PPB memory -based questions are a very effective study tool for banking and financial sector employees interested in the upcoming exam. These questions are compiled on the basis of Jaiib PPB exam and share future candidates to help in preparing for their exam. Jaiib PPB remembered questions provide valuable insight into the types of questions appearing in the exam, which helps the candidates to familiarize the examination format, question structure and subject distribution.
Click here to download Jaiib PPB Memory Based Question PDF
Jaiib PPB Download last year’s questions pdf
Jaiib PPB is an important source of preparation for previous year’s questions banking and financial sector employees. During the preparation, candidates are advised to review memory based questions from previous years so that a proper idea of the type and level of questions being asked in the exam can be obtained. Practicing PPB with the previous year’s Jaiib will help employees to achieve perfection in the subject.
Questions for Jaiib PPB practice
Q1. Which of the following statements is correct about bank computerization in India?
- The concept of bank computerization began in 1980-81.
- In 1983, a committee was established to study the possibilities and stages involved in bank computerization.
- The first Rangarajan Committee report on bank mechanization was presented in 1983.
- The second Rangarajan Committee was formed in the year 1985.
(a) 1,2, and 3
(b) 2, 3, and 4
(c) 1, 2, and 4
(d) only 1, 2
S1. Year. (D)
Q2. Which of the following statements is not correct about the local area network (LAN)?
- LAN is a computer network that connects computer, network devices and external devices within a localized area such as a building.
- The LAN uses a network adapter that employs special techniques for sharing a common medium among the connected nodes.
- The distance of the nodes supported in a lan and the number of nodes depends on the medium used to establish the network.
- LAN usually extends more than 100 meters for Cat5E cable.
(a) 1,2, and 3
(b) Only 4
(c) 1, 2, and 4
(d) only 1, 2
S2. Ans. (B)
Q3. Which of the following works is not done by CBS?
- Customer account management
- Office account management
- Debt disbursement and management
- Email management details
- Report’s generation, multi-currency balance sheet, and P&L statements
(a) 1,2, and 3
(b) only 1,2
(c) 2, 3, and 4
(d) only 4
S3. Year. (D)
Q4. Read the following statements carefully.
- The security policy should address the specific capabilities of the operating system and ensure that available security facilities are implemented.
- The password file should be encrypted.
- File maintenance should be a part of the general user’s access level.
- Access level should not be reviewed by the internal auditor.
- The Chief Information Safety Officer should ensure that the available facilities have been implemented.
Choose the following option/are correct about logical access control.
(a) I, II, and III
(b) Only I, II
(c) III, IV and V
(d) I, II and V
S4. Year. (D)
Q5. Which of the following services can be obtained in ATMs?
- Cash withdrawal, check book request, and credit card payment
- Balance Inquiry, User Details Updates, and Insurance Premium Payment
- Fund transfer, statement inquiry and base updation
- Utility Bill Payment, Check Deposit, and Term Deposit Opening
(a) I, II, and III
(b) Only I, II
(c) III, IV and V
(D. ALL OF THE ABOVE
S5. Year. (D)
Q6. Which of the following is not correct about payment options in credit cards?
- The card holder has the option to pay the entire amount as soon as he debits the card account.
- The card holder can pay only one certain percentage of the debit amount.
- Cardholders cannot pay the amount in monthly installments.
- If the payment is postponed, no service fee is charged on the amount.
(a) 1 and 2 only
(b) 3 and 4 only
(c) 2, 3 and 4 only
(d) 1, 2 and 3 only
S6. Ans. (B)
Q7. Read the following statements carefully-
- They are made of copper wires and are prone to electromagnetic intervention
- They are not affected by electromagnetic intervention and provide high quality transmission of signals at very high speeds
- They are only useful for short distance communication
- They are currently the least popular cables in use due to their high cost and discomfort
Choose the correct option for optical fiber cable.
(a) I, II, and III
(b) Only II
(c) III, IV and V
(d) I, II and V
S7. Year. (B)
Q8. What is the definition of EFT according to the USA similar Commercial Code (UCC)?
- A payment system through which a payment order by a bank can be sent to the bank on which the order is addressed.
- House or other union of banks a communication system of clearing.
- A mechanism to transfer money in real time.
- A system to process interbank payment.
(a) 1 only
(b) 1 and 4 only
(c) 2, 3 and 4 only
(d) 1, 2 and 3 only
S8. Year. (Is)
Q9. Which of the following is not the architect of EFT in India?
- Oil
- Check the tranquility system (CTS)
- Fedwire
- IMP
(a) I, II, and III
(b) Only III
(c) II, III and IV
(D. ALL OF THE ABOVE
S9. Year. (B)
Q10. Which of the following electronic clearing systems in India allows 24 × 7?
- ECS
- RTGS
- IMP
- Is i
(a) I, II, and III
(b) Only III
(c) only II
(D. ALL OF THE ABOVE
S10. Ans. (B)
Q11. Select the correct details about technology development in banking industry:
- Indian banks have been investing in digital technologies to promote digital banking for the last few years.
- Broadband has become more affordable for internet customers and has enabled banks to roll many banking services through mobile and internet banking.
- Applying new techniques is always inexpensive for banks.
- Banks no longer use demographic-based groups to target customers.
(a) only 1,2
(b) 1 and 4 only
(c) 2, 3 and 4 only
(D. ALL OF THE ABOVE
S11. Ans. (A)
Q12. Which of the following statements about online delivery of banking services is correct/correct?
- Banks use nets to offer internet banking services, including regular transactions such as balance inquiry, transfer between accounts and bill payments.
- Banks use the Internet only to sell financial products.
- Banks do not use internet to give financial advice.
- Banks use the Internet only to offer regular transactions.
(a) I, II, and III
(b) Only I
(c) Only I, II
(D. ALL OF THE ABOVE
S12. Ans. (B)
Q13. Read the following statements carefully-
- There may be serious implications in deciding wrong data.
- The potential impact of incorrect data can result in havoc with an organization’s business as a result of the potential impact.
- Inadequate control over data is the largest factor, which promotes the scope of fraud.
Choose the correct option about the importance of data and software in an organization.
(a) only 1,2
(b) 1, 3 only
(c) 2, 3 only
(D. ALL OF THE ABOVE
S13. Year. (D)
Q14. Which of the following statements is not correct about fraud transactions in computerized systems?
- Special programs such as utility programs can be used to make unauthorized changes in computerized records that bypassing verification control in computer systems.
- Unauthorized manipulation in important files bypassing safety controls.
- Unauthorized amendments made in payment instructions after admission in computer systems.
(a) I, II, and III
(b) Only III
(c) Only I, II
(D. ALL OF THE ABOVE
S14. Year. (B)
Q15. What are the reasons for computer fraud facilities?
- Inadequate control over data/media.
- Easy access mechanisms of the system.
- Inadequate control over output.
(a) I, and II
(b) II and III
(C) only I,
(D. ALL OF THE ABOVE
S15. Year. (D)
Q16. Read the following statements carefully-
- Administrative controls are limited to defines only responsibilities and formal policies.
- The transaction must be valid against the boundary, balance and authorized before the transaction is processed.
- Checks should be validated with payment closed payments, post-dated checks, stale checks and invalid dates.
- Verification of sensitive parameters such as maximum/minimum days permission, maximum/minimum rate and drawing limit.
Select the correct option about administrative controls applicable for customer accounting.
(a) I, and II
(b) II, III, and iv
(c) I, II, and III
(D. ALL OF THE ABOVE
S16. Year. (D)
Q17. Which of the following risks can arise from cyber attack on banks?
- Loss of productivity due to commercial disintegration.
- Cost of investigation.
- Repeated benefits.
- Increase in investment returns.
(a) only 1,2
(b) 2, 3 only
(c) 3, 4 only
(D. ALL OF THE ABOVE
S17. Ans. (To)
The most important question for Jayab PPB
Jaiib ppb memory based questions: Importance
Jaiib PPB memory based question free PDF will prove beneficial for candidates as it has the following importance.
- Understand the exam pattern
- Grant the experience of exam
- Identification of knowledge intervals
- In contact with various questions types
