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JAIIB PPB Unit 49 — Cyber Crimes & Fraud Risk Management: 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 49 — Cyber Crimes & Fraud Risk Management (Module C — Banking Technology). The Mock Centre holds 46 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 C46 MCQs in the Mock Centre5 free belowPaper on 22 November 2026

Key facts examiners test from this unit

  1. Fraud = financial-gain motive; cybercrime = many motives; threat actors — criminals, competitors, insiders (current/former employees), all of the above.
  2. Cyber risk: SYSTEMIC vs IDIOSYNCRATIC; consequences — reputation, penalties, investment loss (never profit).
  3. Pharming = redirection cousin of phishing; mitigation trio — PREVENTION, DETECTION, REMEDY.

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
Which is NOT a risk arising from cyber attacks?
Why (c): PROFIT GUARANTEE is NOT a risk of cyber attacks — reputational damage, regulatory penalties and investment loss are the real consequences.
Question 2 of 5
MULTIFACTOR AUTHENTICATION protects against:
Why (a): MULTIFACTOR AUTHENTICATION protects against RISKY ACTIVITIES AND CREDENTIAL THEFT — layered identity proof defeats single-credential compromise.
Question 3 of 5
The SOC workforce consists mostly of:
Why (a): The SOC workforce consists mostly of SECURITY ANALYSTS — monitoring, triaging and escalating around the clock.
Question 4 of 5
Configuring MICROSOFT OFFICE MACRO settings is a mitigation because:
Why (b): The macro-block sits in the standard mitigation list beside patching and whitelisting.
Question 5 of 5
An Incident Response Plan's PROACTIVE vs RESPONSIVE capabilities are:
Why (b): The IR lifecycle spans both sides of the boom: readiness reduces damage, disciplined response reduces downtime — with communication trees and regulatory reporting built in.
0 of 5 answered.

Traps in this unit

Confusable AConfusable BThe difference
FraudCybercrimeGain-motive vs multi-motive
SystemicIdiosyncraticSystem-wide vs entity-specific
Practise all 46 questions on Unit 49. 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.