iibfmocktest.com

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Question 1 reset

Which of the following is India's first credit information company?

RBI

SEBI

AMFI

CIBIL

Question 2 reset

Power of Attorney has to be given on a stamp paper, the value of which varies from state to state.

Yes

Question 3 reset

An asset would be classified as doubtful if it has remained in the substandard category for a period of

3 months

6 months

9 months

12 months

Question 4 reset

DRT is a popular name for debt recovery Tribunal.

Yes

Question 5 reset

In general, the CIBIL credit score ranges from

300 to 600

300 to 700

300 to 800

300 to 900

Question 6 reset

Section 80 of the Indian Income Tax Act 1961 deals with deductions.

True

False

Question 7 reset

For the purpose of identifying the property, whose help the buyer can take?

Real estate agent

Property broking firms

Newspaper advertisements

Any of the above

Question 8 reset

The concept of time value of money implies that, Current cash inflows can be invested to earn a return that increases future value.

True

False

Question 9 reset

Mr. X has given general power of attorney to Mr. Y. It means that Mr. Y has the immediate right to

Decide who will inherit Mr. Y’s estate

Appoint himself as the sole beneficiary of a state

Make decision to deal with renting out of an apartment only

Make decisions in all matters and take action on his behalf

Question 10 reset

Under ERG theory, R stands for

Risk

Responsibility

Relatedness

Rationality

Time Over