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JAIIB RBWM Unit 9 — Important Retail Asset Products: Free MCQs with Explanations

By Swarnakshi Jha (ex-banker) · Updated 2 November 2026 · Paper 4 of the November 2026 cycle (29 November 2026)

This page is a free slice of our JAIIB RBWM question bank for Unit 9 — Important Retail Asset Products (Module B — Retail Products and Recovery). The Mock Centre holds 102 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.

RBWM · Module B102 MCQs in the Mock Centre5 free belowPaper on 29 November 2026

Key facts examiners test from this unit

  1. Loans = assets; three product families; home loans — no cap on houses owned; sole bar = COMMERCIAL end-use; unauthorized colonies excluded; approved-valuer valuation.
  2. LTV ladder: 90% (≤₹30L) / 80% (₹30–75L) / 75% (>₹75L); stamp duty excluded except houses <₹10L; repayment ≤30 years; moratorium 18 months (construction) vs 3 months (ready); NTH ≥40%; daily-reducing interest; NO floating-rate prepayment charges.
  3. PMAY(U) 25-6-2015; female ownership mandatory; CLSS subsidies 6.5% (EWS ≤₹3L & LIG ₹3–6L), 4% (MIG-I ₹6–12L), 3% (MIG-II ₹12–18L); eligible loans ₹6L/₹9L/₹12L; tenure 20 years; NPV 9%; CNAs = HUDCO + NHB; PMAY-G target 2.95 crore.
Law update, November 2026. The CLSS closed (MIG on 31 March 2021, EWS/LIG on 31 March 2022). PMAY-U 2.0's Interest Subsidy Scheme (loans sanctioned from 1 September 2024) gives 4% on the first ₹8 lakh of a loan up to ₹25 lakh, for households earning up to ₹9 lakh buying a house of up to ₹35 lakh — at most ₹1.80 lakh. In August 2024 the Cabinet approved 2 crore more rural houses for FY 2024-25 to 2028-29, taking the total to 4.95 crore. Under the IBA Model Educational Loan Scheme as revised (2015/2021), banks sanction NEED-BASED amounts; the ₹10 lakh (India) / ₹20 lakh (abroad) figures are the textbook's and are what the exam keys.

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
NOT a retail asset product:
Why (c): Hunt the outsider: a SAVINGS ACCOUNT is money the bank owes the customer — a LIABILITY product sitting among three loans.
Question 2 of 5
Home-loan property valuation is done by:
Why (b): Property valuation comes from the BANK'S APPROVED (panel) VALUER — an independent professional the bank empanels, because the lender needs an opinion nobody in the deal can bend.
Question 3 of 5
Eligible for personal loans:
Why (b): Personal-loan doors open to income-earners: SALARIED employees, PROFESSIONALS and PENSIONERS — anyone with a demonstrable monthly stream.
Question 4 of 5
When a car loan is fully repaid, the borrower must:
Why (b): The bank's charge (hypothecation) is noted in the registration certificate; on closure the bank gives its no-objection so the RTO can cancel the endorsement.
Question 5 of 5
A flat is under construction: the first disbursement is in January 2026 and construction is completed in November 2026. EMIs normally begin from about:
Why (a): The construction moratorium runs up to 18 months from the first disbursement (July 2027) or 2 months after completion (January 2027), whichever is earlier — so January 2027.
0 of 5 answered.

Traps in this unit

Confusable AConfusable BThe difference
90/80/75≤30L/30–75L/>75LThe LTV-slab mapping
₹10 lakh₹30 lakhStamp-duty-inclusion vs LTV-slab thresholds
Practise all 102 questions on Unit 9. The free demo opens a slice of every subject with the same explanations; the RBWM Online-only pass unlocks all 1,900+ RBWM questions, the full and module mocks, Smart Revision and the Readiness Score for 18 months (₹1,299). Not sure where you stand? Sit the free 120-question mock first (all four papers, questions drawn from pages like this one, real exam screen).
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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 November 2026; verify from official sources before relying on them in practice.