JAIIB LRB Previous Year Questions 2026: Free PDF, Solved MCQs & Smart Prep Guide
JAIIB LRB previous year questions are the single fastest way to crack the Legal &. Regulatory Aspects of Banking paper. They show you exactly how IIBF frames questions.
They reveal which sections, Acts and case laws repeat year after year. In short. They turn a heavy, theory-packed subject into a predictable, scorable paper.
This 2026 guide gives you real solved MCQs. A free PDF. The latest exam pattern.
A smart study plan, and the mistakes that quietly sink most candidates. Treat it as your one-stop revision hub for JAIIB Legal &. Regulatory Aspects of Banking.
Key Takeaways
- Practising JAIIB LRB previous year questions is the highest-ROI prep activity for this paper.
- LRB is now Paper 4 in the revised JAIIB structure &mdash. Always confirm on the latest official IIBF notification.
- The paper is concept-heavy: Acts. Sections, definitions and landmark case laws repeat often.
- Solve, review, and re-solve. Pair PYQs with timed mock tests for real exam temperament.
- Download the free PDF. Then revise the 20 solved MCQs in this guide before exam day.
What Is the JAIIB LRB Paper?
LRB stands for Legal & Regulatory Aspects of Banking. It is one of the core papers of the JAIIB (Junior Associate of the Indian Institute of Banking &. Finance) certification. The paper tests how well a banker understands the laws that govern day-to-day banking.
Think loans, guarantees, mortgages, negotiable instruments, company charges and recovery laws. If you work at a bank branch. This is the rulebook behind almost every transaction you handle.
Under the revised syllabus, LRB is positioned as Paper 4 of JAIIB. The exam is online and objective. For the exact number of questions.
Marks. Duration and passing criteria. Always confirm on the latest official IIBF notification.
Since IIBF revises these from time to time.
Why JAIIB LRB Previous Year Questions Matter So Much
Many candidates fear LRB because it looks like dry, memorisation-heavy law. But here is the secret: the exam is far more repetitive than it looks. The same Acts and Sections show up again and again.
When you solve JAIIB LRB previous year questions, you quickly notice patterns. Certain topics — like pledge. Continuing guarantee. SARFAESI and nomination rules — are evergreen favourites of the examiner.
- Pattern recognition: You learn the exact phrasing IIBF uses.
- Smart prioritisation: You spend time on high-frequency topics, not random trivia.
- Speed: Familiar question shapes mean faster answers on exam day.
- Confidence: Walking in after solving 200+ PYQs feels completely different.
For deeper concept clarity alongside this practice, browse our free guides on banking law topics.
Download JAIIB LRB Previous Year Questions Free PDF
We have compiled solved JAIIB LRB sample. Previous year questions into a free. Downloadable PDF. Use it for offline revision. On your phone, or for last-minute recall before the exam.
| Resource | What You Get | Access |
|---|---|---|
| JAIIB LRB Free Sample Questions | Solved MCQs with answer keys | Download PDF |
| LRB Online Practice | Timed, exam-style questions | Start Mock Tests |
| LRB Concept Guides | Short notes and explainers | Read Free Guides |
20 Solved JAIIB LRB Previous Year Questions (With Answers)
Below are 20 important LRB questions drawn from previous exam patterns. Read each carefully, attempt it yourself, then check the highlighted answer. These cover the Information Technology Act. Sale of Goods Act, Banking Regulation Act, SARFAESI and more.
| No. | Question & Options | Answer |
|---|---|---|
| 1 | The person given a licence to issue digital signature certificates u/s 24 of the Information Technology Act is called:(a) Certifying Authority (b) DGC Authority (c) Digital Signature Controller (d) Controller of Certifying Authorities | (a) |
| 2 | In a pledge. Possession of goods with the creditor (pawnee) can be: (a) actual &ndash. Goods physically with the creditor. (b) symbolic &ndash. Control handed over without actual delivery. (c) trust receipt &ndash. Goods released to the pawnor on an undertaking.(1) a. C only (2) b. C only (3) a. C only (4) a to c all are correct | (4) |
| 3 | Which charge of a company does NOT require registration u/s 125 of the Companies Act?(a) Charge on book debts (b) Floating charge on stocks (c) Charge on immovable property (d) Charge relating to contingent liabilities like LC / bank guarantee | (d) |
| 4 | Which Act was enacted in India on the initiative of the UN Commission on International Trade Law?(a) Prevention of Money Laundering Act (b) Information Technology Act (c) Right to Information Act (d) None of these | (b) |
| 5 | Which group is NOT included in the term “goods&rdquo. As per the Sale of Goods Act?(a) Shares &. Stocks (b) Grass. Shares (c) Actionable claims and stock (d) Stock and grass | (c) |
| 6 | Which statement is NOT correct regarding shareholding in an Indian bank under the B.R. Act?(a) No ceiling on a person’s shareholding (b) No shareholder may vote beyond the prescribed % of total voting rights (c) The voting-rights ceiling restricts transfer. Its registration (d) The Companies Act also governs transfer of shares of banking companies | (c) |
| 7 | What is the minimum. Maximum number of partners in a Limited Liability Partnership (LLP)?(a) Minimum 2. No maximum limit (b) Min 2. Max 50 (c) Min 2, max 20 (d) Min 2, max 10 | (a) |
| 8 | Bank B allowed a cash credit advance guaranteed by G covering a series of transactions. Such a guarantee is called:(a) Unlimited liability guarantee (b) Deferred payment guarantee (c) Continuing guarantee (d) Performance guarantee | (c) |
| 9 | As per the Sale of Goods Act. On breach of warranty:(a) Parties can reject the goods (b) Parties can treat the contract as repudiated (c) Parties can claim damages (d) All remedies are available | (c) |
| 10 | X. The natural guardian of minor M. Wants to mortgage M’s property to secure a loan for the minor’s benefit:(a) Cannot be mortgaged (b) Can be mortgaged if for the minor’s benefit (c) Can be mortgaged for the minor’s benefit only with court permission (d) Only with permission of the Registrar of Assurances | (c) |
| 11 | Under the Companies Act 1956. The maximum number of directors in a public limited company was restricted to:(a) 20 (b) 15 (c) 12 (d) No ceiling. But beyond 12 needed Central Govt. permission | (d) |
| 12 | ______ promotes corporate fairness. Transparency. Accountability in the interest of all stakeholders:(a) Risk management (b) Corporate risk management (c) Corporate strategies (d) Corporate governance | (d) |
| 13 | Which does NOT match in the context of nomination provisions?(a) Nomination in a locker as per Section 45 ZE to ZF (b) Nomination in a joint safe deposit of articles (only 1 nomination allowed) (c) Nomination in deposit (insolvent or minor can be nominee) (d) Nomination in non-resident accounts &ndash. Permitted | (b) |
| 14 | A temporary overdraft ran for a firm. A cheque was returned as “arrangement exceeded&rdquo. Though there was no debit balance. And no prior notice was given. The firm claims damages because:(a) The bank breached an implied contract without notice. Is liable (b) Being a temporary OD. The bank need not continue it (c) No damages can be claimed (d) No damages. As it was only a temporary OD | (a) |
| 15 | Under the Right to Information Act. When information is sought by inspection of records. The charges are:(a) Rs.3 first hour. Rs.5 per 15 min (b) Rs.2 first hour. Rs.10 per 30 min (c) No charge for the first hour. Then Rs.5 per 15 min (d) No charge first hour. Rs.10 per 15 min | (c) |
| 16 | A banking company can be acquired by the Central Govt. if a condition is satisfied. Which is NOT a valid condition?(a) Bank repeatedly fails to comply with RBI directions u/s 21. 35 of the B.R. Act (b) Bank is managed in a way detrimental to depositors (c) Acquisition is essential to safeguard depositors (d) Acquisition will benefit both shareholders. The government | (d) |
| 17 | A term loan was repayable in 26 quarterly instalments. The borrower defaulted and the bank wants to file suit. Most appropriate:(a) File within 3 years for the entire amount (b) File within 3 years for unpaid instalments from each due date (c) File within 3 years for unpaid instalments from each due date. Plus the balance if the agreement so provides (d) File for the due amount. Wait for the balance | (c) |
| 18 | If a partner becomes insolvent and the account is in debit. The bank stops payment to avoid:(a) Right of set-off (b) Rule of subrogation (c) Rule in Clayton’s case (d) Rule of redemption | (c) |
| 19 | In Mardia Chemicals vs Union of India. The Supreme Court held that:(a) SARFAESI Act is fully invalid (b) The condition to deposit 75% of the amount before approaching DRT against a possession notice is invalid (c) The 75% deposit before approaching DRAT against a DRT decision is invalid (d) The 60-day notice before possession is correct | (b) |
| 20 | Which does NOT match its explanation?(a) Clean bills &ndash. Not supported by any document of title to goods (b) Supply bills &ndash. Drawn on transactions with Govt./Govt. undertakings (c) Accommodation bill &ndash. Drawn without consideration or any sale/purchase (d) Foreign bills &ndash. Drawn in India and payable abroad by a resident in India | (d) |
JAIIB LRB Exam Pattern at a Glance
Knowing the structure helps you plan time and effort. Here is a quick-facts snapshot of the Legal &. Regulatory Aspects of Banking paper. Verify each figure against the live IIBF notification before your attempt.
| Feature | Details (confirm on latest IIBF notification) |
|---|---|
| Paper | LRB – Legal & Regulatory Aspects of Banking (Paper 4 of JAIIB) |
| Mode | Online, objective (MCQ-based) |
| Question type | Multiple choice, including case-based and applied questions |
| Negative marking | As per current IIBF rules – confirm on official notification |
| Passing & duration | Minimum marks, aggregate rule and time limit – confirm on official notification |
| Difficulty | Moderate to high – heavy on Acts, Sections and case law |
High-Frequency Topics in LRB
Across years, certain themes dominate JAIIB LRB previous year questions. Master these first for maximum marks per hour of study.
- Indian Contract Act & guarantees: continuing guarantee, indemnity, pledge, lien.
- Banking Regulation Act: shareholding, voting rights, acquisition of banks, RBI powers.
- SARFAESI & DRT: Mardia Chemicals case, possession notices, recovery timelines.
- Negotiable Instruments Act: cheques, paying/collecting banker protection, endorsements.
- Companies Act: registration of charges, directors, corporate governance.
- Sale of Goods Act: definition of goods, conditions vs warranties.
- RTI, IT Act & PMLA: certifying authorities, KYC/AML, information access.
- Mortgages & nomination: minor’s property. Locker nomination, set-off, Clayton’s rule.
How to Study LRB Using Previous Year Questions
Solving PYQs randomly is good. Solving them systematically is far better. Follow this simple 5-step method for the Legal &. Regulatory Aspects of Banking paper.
- Read the concept first. Skim the relevant Act or topic from your notes or free guides.
- Attempt PYQs topic-wise. Do all guarantee questions together, then all SARFAESI questions, and so on.
- Mark and review errors. Maintain an “error log&rdquo. Of every question you got wrong and why.
- Take full-length mock tests. Once topics are covered, simulate the real exam with timed mock tests.
- Revise the day before. Re-read the 20 solved MCQs above and your error log only. No new topics.
Common Mistakes Candidates Make in LRB
Avoid these traps. You will already be ahead of most of the room. These are the silent score-killers in JAIIB Legal &. Regulatory Aspects of Banking.
- Memorising answer letters, not concepts. The options get shuffled; the principle does not.
- Ignoring case laws. Cases like Mardia Chemicals appear repeatedly — know what each one decided.
- Relying on outdated figures. Some old PYQs cite repealed limits. Cross-check with current Acts.
- Skipping mock tests. Reading is passive. Timed mock tests build real exam stamina.
- Last-minute cramming of new topics. The night before, revise — do not learn fresh material.
- Confusing similar concepts. Pledge vs hypothecation. Condition vs warranty, set-off vs lien — learn the difference cold.
Frequently Asked Questions (FAQ)
1. Are JAIIB LRB previous year questions enough to pass the exam?
PYQs are essential but should be paired with concept study. Use JAIIB LRB previous year questions to understand patterns, then strengthen weak areas with notes and mock tests. Together, they give the best chance of passing.
2. Is there negative marking in the JAIIB LRB paper?
The negative-marking policy can change between exam cycles. Always confirm on the latest official IIBF notification before your attempt. And plan your guessing strategy accordingly.
3. Which is the most important topic in LRB?
No single topic dominates. But the Banking Regulation Act. Contract Act (guarantees and pledge). SARFAESI. And the Negotiable Instruments Act consistently carry strong weight in previous papers.
4. How many times can I attempt JAIIB?
IIBF allows a limited number of attempts within a time block. And unattempted or failed papers may need to be cleared within that window. Check the exact attempt. Time-limit rules on the latest official IIBF notification.
5. Where can I download the JAIIB LRB free PDF?
You can download solved sample questions from the resource table above, and access more free guides and timed mock tests on our platform for complete LRB preparation.
Final Words: Turn LRB Into Your Strongest Paper
Legal & Regulatory Aspects of Banking only looks intimidating. Once you commit to solving JAIIB LRB previous year questions the smart way. The patterns appear and the fear fades. Concept first, PYQs second, mock tests third — repeat until confident.
Download the free PDF. Work through the 20 solved MCQs above, log your mistakes, and revise. Do this consistently. LRB can go from your most feared paper to your highest scorer. Start today — your JAIIB success begins with one solved question.
Related Guides
📚 Free Learning Sessions resources — connect & crack your exam
- 📝 Free mock tests — chapter-wise, exam-pattern, with instant solutions
- 🎮 Matching games — gamified revision of key terms & concepts
- 📄 Study notes & PDFs — downloadable chapter material
- 🎥 Video classes on YouTube — subscribe to @learningsessions
💬 Want the full course? WhatsApp your course name to 8360944207 and our team will set you up.
📱 Study on the go — get our iOS & Android app at iibf.store/app.
Take a free mock test, download chapter PDFs, or watch a video class — all included on iibf.store.
Keep reading
