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JAIIB PPB Unit 15 — Ancillary Services: Free MCQs with Explanations

By Swarnakshi Jha (ex-banker) · Updated 20 September 2026 · Paper 2 of the November 2026 cycle (22 November 2026)

This page is a free slice of our JAIIB PPB question bank for Unit 15 — Ancillary Services (Module A — General Banking Operations). The Mock Centre holds 43 questions on this unit alone, every one with a why-right / why-wrong explanation; below are the facts examiners keep returning to, five of those questions to try, and the traps that cost marks.

PPB · Module A43 MCQs in the Mock Centre5 free belowPaper on 22 November 2026

Key facts examiners test from this unit

  1. DD: order instrument only (no bearer), valid 3 months; ₹50,000+ not against cash; ₹20,000+ account-payee crossed; purchaser cannot stop payment against a due-course holder; duplicate within a FORTNIGHT (delay → TD-rate interest), small DDs (≤ ₹5,000) on indemnity alone.
  2. MT/TT extinct; NEFT — Nov 2005, DNS half-hourly batches, no limits, 24×7 since Dec 2019; RTGS — gross real-time, ₹2 lakh floor, no ceiling, RBI-operated, 24×7 since Dec 2020; IMPS — NPCI instant, ₹5 lakh.
  3. Credit goes SOLELY by account number; receiving bank credits within 30 MINUTES (RTGS); inward credits free; IFSC identifies branches.

5 free practice questions — tap an option

Five basic questions from this unit. Answers lock on the first tap, exactly as in the exam, and a short explanation opens underneath. The Mock Centre adds the moderate and tough questions, why every other option is wrong, the concept capsule and the exam tip — with your score and revision dates tracked.

Question 1 of 5
A demand draft remains valid for:
Why (c): 3 months from date (like cheques, since 1 Apr 2012); thereafter revalidation/duplicate.
Question 2 of 5
The present status of Mail Transfer (MT) and Telegraphic Transfer (TT) is:
Why (b): Mail Transfer and Telegraphic Transfer are EXTINCT — CBS and the electronic rails (NEFT/RTGS) ended the paper-and-telegram era completely.
Question 3 of 5
The unique code identifying each bank branch for NEFT/RTGS is the:
Why (b): The unique code identifying each bank branch for NEFT/RTGS is the IFSC — the Indian Financial System Code that routes electronic payments.
Question 4 of 5
RTGS minimum amount and upper ceiling are:
Why (b): RTGS has a minimum of ₹2 LAKH and NO upper ceiling — the large-value rail: floor two lakh, sky the limit.
Question 5 of 5
A locker CANNOT be rented to:
Why (c): A locker CANNOT be rented to a MINOR — locker hire is a contract, and minors lack contractual capacity.
0 of 5 answered.

Traps in this unit

Confusable AConfusable BThe difference
Cheque stop paymentDD stop paymentDrawer can countermand vs purchaser cannot
₹50,000 (no cash)₹20,000 (A/c payee)Cash-bar threshold vs compulsory-crossing threshold
Practise all 43 questions on Unit 15. The free demo opens a slice of every subject with the same explanations; the PPB Online-only pass unlocks all 3,280 PPB questions, the full and module mocks, Smart Revision and the Readiness Score for one year (₹1,299). Not sure where you stand? Take the free 10-question test first.
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Independent study aid — not affiliated with, endorsed by, or sponsored by the Indian Institute of Banking & Finance (IIBF). Exam pattern, dates, fees and passing criteria are set by IIBF — always confirm the current rules at iibf.org.in. Regulatory figures verified as of September 2026; verify from official sources before relying on them in practice.