JAIIB LRAB Practice MCQs: Legal and Regulatory Aspects of Banking is the third paper of the JAIIB exam. This paper will be held on the 20th of November, 2022. Candidates should brush up on their knowledge and awareness of the various legal aspects of banks. This also covers multiple acts, policies, rules, and regulations related to banking.
The LRAB exam has 120 questions for 100 marks. Candidates should ensure they practice more than enough questions to be aware of the different methods of asking questions. Practice questions will also help make you aware of the different topics which can be a source for questions.
Here, we’ll be providing you with more than 50 questions for LRAB paper practice. The answers are available with the questions so that you can easily keep track of your performance.
JAIIB LRAB Practice MCQs: Free e-book Download
JAIIB LRAB Practice MCQs – Free E-Book
This e-book mainly contains questions from various topics under the third paper of JAIIB. Legal and Regulatory Aspects of Banking covers the legal facets of banks and the banking sector. This includes rules, regulatory practices and laws, and more. You can find the detailed solutions for these questions in the following video:
E-Book Sneak Peek
Here’s what you’ll find in the e-book:
Have a few questions as a sneak peek:
Regional Rural Banks (RRBs) are:
(a) Cooperative Societies
(b) Companies created under Companies Act
(c) Body Corporates created under a special statue
(d) Public sector undertakings of the central government
The Information Technology Act was introduced on the initiative of which of the following:
(a) Reserve Bank of India
(b) Information Technology Ministry
(c) UN Commission on International Trade Law
(d) Parliament of India
Who is primarily liable in a letter of credit?
(a) Nominating Bank
(b) Confirming Bank
(c) Issuing Bank
Find the answers to these and more in the LRAB Practice MCQs e-book!
JAIIB LRAB Practice MCQs – How to Download Free EBook
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We hope this e-book is useful in your JAIIB Preparation. Best of luck!
Frequently Asked Questions
With effect from 2023, there will be 1 mark awarded for every correct answer and 1/4th mark will be deducted for every wrong answer.
For JAIIB 2022, each paper has 120 questions worth 100 marks. From 2023 onwards, each paper will have 100 questions worth 100 marks.
The revised syllabus will come into effect from the May/June 2023 cycle of JAIIB.
JAIIB 2022 November cycle will be held on the 12th, 13th, and 20th of November 2022. The last date for registration was on 21st September 2022.
I write content to help people prepare for banking exams because I have experience as an aspirant myself. My goal is to provide accurate and easy-to-understand information for candidates. I cover various topics such as exam patterns, syllabus, study techniques, and time management to support those preparing for the exams. As a former aspirant turned content writer, I want to make the information accessible and helpful for others so that they can do well in their banking and government exams and achieve their goals.