JAIIB · Principles & Practices of Banking · Module A — General Banking Operations
JAIIB PPB Unit 4 — Opening Accounts of Various Types of Customers: 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 4 — Opening Accounts of Various Types of Customers (Module A — General Banking Operations). The Mock Centre holds 107 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 A107 MCQs in the Mock Centre5 free belowPaper on 22 November 2026
Key facts examiners test from this unit
AOF = the banker-customer contract; conditions: major, sound mind, not un-discharged insolvent; guardian signing = guardian's KYC too; joint accounts: all sign, NRI joint holder must be close relative of all residents.
Illiterate: no current account, no cheque book EVER, LTI witnessed+attested, 2 photos, personal passbook visits, joint-only operation with literate person (authorisation-cum-indemnity); blind: NO legal bar — due care, LTI on inconsistent signature, private read-outs.
Minor: majority at 18 (Majority Act 1875), banks allow 10+ to operate, guardian = father OR mother (not step-parents), Sec. 26 NI Act lets minor draw cheques (binding all but himself), never overdrawn, two minors can't hold jointly; on majority — confirmation + fresh signature.
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
In a joint account, the account opening form should be signed by:
Why (c): ALL joint holders must sign the AOF — each is a contracting party; operating instructions (E or S etc.) are a separate mandate.
Question 2 of 5
As per the Indian Majority Act, 1875, a minor for whom a court has appointed a guardian attains majority on completing:
Why (b): Under the Indian Majority Act, 1875 (as amended in 1999), majority is at 18 — even where a court-appointed guardian exists (the old 21-year rule stands abolished).
Question 3 of 5
Registration of a partnership firm is compulsory in:
Why (b): Registration is compulsory (by state rules) in GUJARAT and MAHARASHTRA; elsewhere unregistered firms merely suffer disabilities (Sec. 69: cannot sue).
Question 4 of 5
A copy of the bye-laws/rules of a club/association is examined primarily to ascertain:
Why (b): Bye-laws reveal the COMMITTEE'S POWERS AND FUNCTIONS — who may open/operate accounts and borrow.
Question 5 of 5
For a minor's account operated by a guardian, whose photograph is also required?
Why (b): The GUARDIAN operates — so the guardian's photograph is also taken (with the minor's).
0 of 5 answered.
Traps in this unit
Confusable A
Confusable B
The difference
Illiterate person
Blind person
No current account/cheque book EVER vs NO legal bar (cheque book possible with care)
Natural guardian
Step-parent
Father/mother qualify vs step-parents do NOT
Practise all 107 questions on Unit 4. 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.
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.
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