How to score 50+ in LRAB I JAIIB 2022

How to score 50+ in LRAB- IIBF JAIIB has three papers PPB, AFB and LRAB. To clear the JAIIB exam you need to score a minimum of 50 in each paper. So in this blog you will learn how to score 50+ in JAIIB LRAB. LRAB is one of the easier subjects and it is easier to score 50+ in LRAB.

JAIIB LRAB 

LRAB has 4 modules and a total of 45 chapters. Preparing for LRAB is not that hard. While preparing for PPB, note that there are many similarities between chapters of PPB and LRAB. So study accordingly. Lets check the module wise weightage of LRAB

Module	Marks
Module A	5-10
Module B	10-20
Module C	30-40
Module D	40-50

Module A- Around 5-10 marks will be covered in this module. Study the chapters which are important and don’t waste much time on this module if it is consuming too much time. 

Module B- It covers 10-20 marks, to some moderate level you need to prepare for it, do not skip this module. 

Module C- You need to cover this module completely and prepare well. It has 10 acts, which are highly important like SARFAESI act, Banking Ombudsman Etc. So never skip this module as it covers 30-40 marks for the LRAB paper.

Module D- Along with Module C, Module D is also equally important. It also contains 10 Acts and covers 40-50 marks of the LRAB paper. The Sales Goods Act and Foreign Exchange Management act are some of the important acts in this module. 

Important Topics to Cover – Module Wise

Module A

• Legal Framework of Regulation of Banks
• Public Sector Banks and Co-operative Banks
• Recent Legislative Changes in RBI Act

Module B

• Case Laws on Responsibility of Paying Bank
• Case Laws on Responsibility of Collecting Bank
• Letters of Credit 
• Law Relating to Securities and Modes of Charging -1 and 2

Module C

• SARFAESI Act 
• DRT Act 
• Banking Ombudsman
• Negotiable Instruments Act, 1881 
• CERSAI Act
• The Legal Services Authorities Act, 1987
• Payment & Settlements Systems Act, 2007
• Bankers Books Evidence Act
• The Law of Limitation
• Tax Laws

Module D

• The Sale of Goods Act, 1930
• Foreign Exchange Management Act, 1999
• Information Technology Act, 2000
• The Prevention of Money Laundering Act, 2002
• Companies Act, 2013
• Indian Contract Act, 1872
• The Right to Information Act, 2005
• Transfer of Property Act, 1882
• Indian Partnership Act, 1932 
• Definition and features of a company
• Right to Information and Obligation of Public Authorities

Important Pointers

• While preparing for the LRAB paper make sure you are covering Module C and Module D thoroughly. Most of the questions asked in LRAB come from Module C and D 
• You can solely score 50+ from by Module C and Module D, hence prepare well for the those two modules 
• Don’t leave preparing for LRAB for the last few days after the AFB paper. Prepare from the beginning
• Don’t forget to attempt mock tests. Mock Tests are really important when you want to score high in any exam 
• LRAB paper is not continued in next cycle, this November 2022 cycle is the last cycle with LRAB paper 

Legal & Regulatory Aspects Of Banking – Score 50+ in LRAB

• This section mostly deals with rules and regulations related to the banking industry.
• The questions from this section are based on acts, regulations, theories, and definitions.
• This section can get boring as well as difficult for candidates due to the nature of the subjects involved.
• Try practicing as much as MCQs as possible to develop speed and accuracy for this paper.