6/7/2016

FreeMockTestforJAIIB&CAIIB

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CAIIBBFMRECOLLECTEDQUESTIONSFROMMAY/NOV2013,14,15EXAMS

MasterCirculars
BankDARates
BankHolidays
LifeInsCompanies
NonLifeInsCompanies

IIBF

RecollectedDec2013

IRDA

WhichoneofthefollowingisthenodalagencydesignatedbygovernmentofindiatomanagetheExportMarketing
Fund(EmF)?

BCSBI

ListofPSBs
ListofPrivateBanks
ListofForeignBanks
FinancialRegulators
PublicGrievances
BankingOmbudsman
DeptofFinancialServices

WEBSITES

RBI

SEBI
CIBIL
BankingandInsurance

a.EximBank
b.Exportpromotioncouncilsofrespectivecommodities
c.Ministryoffinance
d.ExportCouncilguaranteecorporations
Ansa
.............................................

MinistryofFinance
Excise&Customs
IncomeTaxDepartment
PlanningCommission
NSE
BSE

Quantitativedisclosuresinrespectofcapitalrequirementsformarketriskintradingbooknotinclude?
a.ForeignExchangeRisk
b.Interestraterisk
c.Securitisationexpousures
d.EquitypositionRisk
Ansc
.............................................
AbankborrowsUS$for03months@2.5%andswapsthesameintheINRfor03monthsfordeploymentinCPs@
5.5%.The03MonthspremiumonUS$is0.75%themargingeneratedbythebankinthetransactionis......
a.3%
b.2.25%
c.5.5%
d.Nonofthese
Ansb
=5.52.5=3
=3*.75
=2.25%
.............................................
Themainpurposeofcapitaladequacynormsistoensurethatabankhassufficientcapitalto......
a.Provideloans
b.Repayitsdepositors
c.Provideastableresourcestoabsorbanylossesarisingfromtherisksinitsbusiness
d.Haveadequateinfrastructureofitson
Ansc
.............................................
AbankholdsstocksofacompanyAandwantstoprotectthedownsideriskonitmay......
a.Takealongpositioninthestockfutures
b.Takeashortpositioninthestockfutures
c.Purchasecalloptiononthestock
d.Sellputoption
Ansd
.............................................
A91dayTbillwithremainingmaturityof73daysispricedatRs99.Whatistheyield?
a.5%
b.5.05%
c.4.95%
d.5.20%
Ans2(100Price)*365*100/(price*noofdaystomaturity)

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FreeMockTestforJAIIB&CAIIB
Wherein
PPurchaseprice
DDaystomaturity
DayCount:ForTreasuryBills,D=[actualnumberofdaystomaturity/365]
inthiscasepriceis99anddaystomaturityare73soanswerwouldbe
(10099)*365*100/(99*73)=5.05ans
.............................................
Ona5pointscale(veryhigh,high,average,modete&Low),probabilityofoccurrenceofanactivityhasbeenestimatedat
anaveragelevel.Potentialfinancialimpactisestimatedatanhighlevel,giventhattheimpectofinternalcontrolis40%
whatistheestimatedlevelofoperationallevel?
a.Veryhightohigh
b.Hightoaverage
c.Averagetomoderate
d.ModeratetoLow
Ansd
.............................................
Marketriskintreasurycanbecontrolledby......
a.Overnightlimitalone
b.Gaplimitonly
c.Counterpartylimitonly
d.Bothaandb
Ansd
.............................................
Abankidentified4asets(a,b,candd)withaviewtoreducerisk.ithastochooseoneofthemWhichoneofthefollowing
criteriawouldbemostrelevantforthepurpose?
a.Riskcapitalrequiredforeachassests
b.Returnonriskcapitalvisvisthatfortheportfolio
c.Correlationofassetswiththeportfolio
d.Incomeearmedonassets
Ansc
.............................................
LossesfromfailedtransactionprocessingisclassifiedunderEventTypeClassificationas......
a.BusinessDisruptionsandSystemfailure
b.Execution,DeliveryandprocessManagement
c.Clients,productsandBusinessPractices
d.Noneoftheabove
Ansb
.............................................
Whichoneofthefollowingratiodoesnottakeintoaccountrisksinbankingbusiness?
a.ROC
b.Capitaladequacy
c.RORAC
d.RAROC
Ansa
.............................................
Aratingmodelcombinesfinancialratiosusingreportedaccountinginstructionandequatyvaluestoforecastthe
probabilityofacompanyenterningbankrupacywithin12monthperiod.Thismodelisknownas......
a.Altman,sZscoremodel
b.Creditmetricsmodel
c.Creditriskmodel
d.NoneoftheAbove
Ansa
.............................................
Interestincomeofabankdoesnotinclude......
a.Profitonsaleofinvestments
b.InterestonbalanceswithRBI
c.Interstonbillsdiscounted
d.Interestoncarloans
Ansa
.............................................
Componentsofportfolioriskare......
a.Dafaultriskandsystematicrisk
b.Downgradationriskandconcentrationrisk

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c.Concentrationriskandintrinsicrisk
d.Defaultriskanddowngradationrisk
Ansc
.............................................
LoansagainstbalancesheldinFCNR(B)accountcanbepermittedupto......
a.Rs50lakhwith35%margin
b.Rs100lakhwith35%margin
c.US$1MIOwithoutanymargin
d.Anyamountsubjecttousualmarginrequirements.
Ansd
Bankscanfrom12.10.2012grantloanagainstthesedepsoitswithoutanylimitssubjuecttousualmarginrequirements
.............................................
WhoadvicestheweeklyaverageratesforFCNR(B)depositstotheADR......
a.ForexAssociationofindia
b.FEDAI
c.EXIMBank
d.RBI
Ansb
.............................................
YTMofabonddependsupon......
a.Couponrateandmarketvalueonly
b.Marketvalueandresidualmaturityonly
c.Residualmatuarityandcouponrateonly
d.Couponratemarketvalueandresidualmatuarity
Ansb
.............................................
ExportpackingCreditisnormallycomputedonthebasisof......
a.FOBvalueofExport
b.CIFvalueofexport
c.CFRvalueofexport
d.C&Ivalueofexport
Ansa
.............................................
AbankinMumbaiquotesaFRAon10thMarch6*9FRAatMIBOR5.155.25Whatisthesettlementdatematuaritydate
oftheFRA
a.10thDec:10thDec
b.10thSep:10thDec
c.10ThSep:10thSep
d.10thDec:10thSep
Ansb
.............................................
Whichapproachesareusedformeasueingandmanagingfundingrequirement?
i)stockapproach
ii)Standeredapproached
iii)Flowapproach
iv)Quantitativesapproach
a.i)andiii)only
b.ii)andiv)only
c.ii)andiii)only
d.i)andiv)only
Ansa
.............................................
IFtheYTMis6%andthecouponrateof7%ispayablesemiannuallythevalueofthebondtobe......
(PVIFA(3%,14)=11.296,PVIF(3%,14)=.661
a.Rs1451.72
b.Rs1056.36
c.Rs1112.84
d.Nonofabove
Ans:bondvaluation=i(PVIFAkd,n)+F(PVIFkd,n)=70*11.296+1000*.661=790.72+661=1451.72ANS
BasedonthefollowinginformationanswerQno27to28
TourbankABCDisplanningtogetinternationalbankingandstartforextradingtouarerequesttoundertakeseveral
steps/takesliencesetc.
.............................................
BasedontheinformationgivenbelowanswerQno22toQ25

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TheforexdaelarofKBCBanksoldGBP20000intheinterbankmarket@83.7500incoverofimportTTrecortedbyone
oftheirbranches.Subsequentlyitwasdetectedthatthetransactionhaderroneouslyreportedtwicebythebranchand
hencethesalehadtobecancelledtheinterestrateatthetimeofcancellationwas1GBP=83.6875/83.7275.
ONEmonthforwardrate:1GBP=83.7300/83.7700
BrokerageofRs.1000foreachsaleaswellaspurchasetransactionispayable.
Whatistheamountreceivedintheoriginalsaletransactionbythedealar?
a.Rs16,75,400
b.Rs16,73,750
c.Rs16,74,000
d.Rs16,74,550
Ans:
Whichratewouldbeappliedforcancellation?
a.BillSelling
b.Billbuying
c.TTselling
d.TTBuying
Ans:
Howmuchhastobepaidtothedealeratthetimeofcancellation?
a.Rs16,74,550
b.Rs16,74,600
c.Rs16,75,550
d.Rs16,73,750
Ans:
Howmuchistheloss/gainoncancellationofGBPsalebythedealer?
a.Rs1550loos
b.Rs1550Gain
c.Rs1000Gain
d.Noprofitnoloss
Ans:

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