RBWM 50 most important questions for JAIIB 2024 - Motivational Banker

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Questions –

1. How does retail banking extend its services to customers?

Question 1 of 50

2. How does a large number of clients benefit retail banking?

Question 2 of 50

3. What is the main reason for penalties being levied on banks?

Question 3 of 50

4. What is the message for banks in developing countries who want to participate in retail banking?

Question 4 of 50

5. What has been the impact of the pandemic on the banking industry?

Question 5 of 50

6. How have fintechs impacted the digital payments ecosystem?

Question 6 of 50

7. What is the primary concern for banks and financial institutions in the digital banking age?

Question 7 of 50

8. What is the most important measure to be implemented in banks to maintain adaptive security architecture?

Question 8 of 50

9. What are the advantages of Retail Banking?

Question 9 of 50

10. What is the main aim of SBU approach in business?

Question 10 of 50

11. What is revealed by going further deep into the models of retail banking followed by banks?

Question 11 of 50

12. What is the main difference between the new generation private banks and old generation private banks in terms of their approach to retail banking?

Question 12 of 50

13. What are some of the multiple products included in retail banking?

Question 13 of 50

14. What is the main advantage of retail asset products for banks?

Question 14 of 50

15. What is the goal of almost all banks in extending retail asset products to customers?

Question 15 of 50

16. What factors do banks consider while developing pricing models for their products and services?

Question 16 of 50

17. What is the difference between retail banking and corporate/wholesale banking?

Question 17 of 50

18. What is the difference between horizontally organized model and vertically organized model in retail banking?

Question 18 of 50

19. What is the difference between retail banking and corporate banking ?

Question 19 of 50

20. What is Return on Asset (ROA)?

Question 20 of 50

21. What is the balanced approach for bank's success?

Question 21 of 50

22. What is the main focus of improving branch profitability in banks?

Question 22 of 50

23. Which of the following statement is incorrect?

Question 23 of 50

24. Increased staff productivity is one of the most important tool to increase branch profitability. Out of the followings, which one is not true.

Question 24 of 50

25. What is customer segmentation?

Question 25 of 50

26. Which of the following is not a customer segment in retail banking?

Question 26 of 50

27. What is the highest credit score that can be assigned by CIC?

Question 27 of 50

28. Which one of the following is not a credit information company approved by RBI?

Question 28 of 50

29. What is the maximum size of a house for Economically Weaker Section (EWS) under PMAY (U)?

Question 29 of 50

30. What is the eligibility criteria for credit linked subsidy scheme (CLSS) under PMAY (U)?

Question 30 of 50

31. What is RuPay contactless?

Question 31 of 50

32. Which organization launched the contactless prepaid NFC card?

Question 32 of 50

33. What are the two variants of ECS?

Question 33 of 50

34. What is ECS Debit used for?

Question 34 of 50

35. How does voice-assisted banking benefit customers?

Question 35 of 50

36. How is AI being used in back-office processing in banking?

Question 36 of 50

37. What is the time limit for filing an appeal to the Appellate Tribunal against an order made by the DRT?

Question 37 of 50

38. According to the given text, why is decision making an integral part of any business?

Question 38 of 50

39. What is a bad bank?

Question 39 of 50

40. In which stage of the marketing process does an organization answer questions like "who, where, when, and how" for the offering?

Question 40 of 50

41. What are the basic requirements for a good MKIS?

Question 41 of 50

42. Reserve Bank of India (RBI) has decided to dissolve the Banking Codes and Standards Board of India (BCSBI). Out of the followings, which will act as nodal department for BCSBI:

Question 42 of 50

43. What does CRM help banks to achieve in terms of delivery channels?

Question 43 of 50

44. What is the risk associated with the DSA Marketing Model?

Question 44 of 50

45. If a customer discovers an unauthorized transaction and notifies the bank within three working days of receiving communication about the transaction, what is their liability for the loss?

Question 45 of 50

46. Under which section of the Wealth Tax Act, 1957, does the Income-tax Department grant registration to Valuers?

Question 46 of 50

47. What is capital gains tax?

Question 47 of 50

48. What happens if a property for which tax benefit was availed under section 80C is sold within 5 years?

Question 48 of 50

49. What is the penalty for non-registration of charges within the time stipulated?

Question 49 of 50

50. What is the time frame for the registration of equitable mortgage with CERSAI?

Question 50 of 50


 

Preparation Strategy:

1. Prioritize Modules:

  • Start with Module A: It provides a foundational understanding of retail banking, which is essential for the subsequent modules.
  • Proceed to Modules B and C: These modules are interrelated and crucial for understanding retail products and marketing strategies.
  • Then move to Module D: This module focuses on wealth management, which is significant for a comprehensive understanding of RBWM.
  • Finally, cover Module E: This module is specific to home loans and can be completed efficiently once the other modules are covered.

2. Cover Important Topics:

  • Focus on high-weightage topics from each module.
  • Divide the topics into manageable chunks and allocate time accordingly.
  • Set realistic deadlines for completing each module.

3. Practice Consistently with Mock Tests:

  • Assess your understanding and identify areas for improvement.
  • Tailor your study plan to focus on weak areas while maintaining proficiency in strong subjects.
  • Use mock tests to practice time management and familiarize yourself with the exam format.

4. Detailed PDF Notes:

  • Obtain high-quality, detailed PDF notes for quick revision before the exam. These notes should cover all important concepts and formulas.

5. Extensive Question Practice:

  • Prepare with more than 250 questions per paper to ensure a thorough understanding of the topics and to build confidence in tackling various question types.

6. Use Reliable Resources:

  • Consider using resources which cover all topics in detail. MacMillan books although are great, might be too heavy for beginners. Find good video courses which provide maximum value in less time.

7. Consistent Revision:

  • Regularly revisit key concepts and important topics to reinforce your understanding and retention.
  • Maintain a separate notebook for formulas and procedures for easy reference during revisions.

8. General Tips:

  • Limit distractions such as social media and frequent phone checks to ensure focused study sessions.
  • Structure your study plan to align with your daily routine, dedicating extended study periods on weekends if needed.

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    JAIIB 6 months COMBO KIT

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