JAIIB LRAB Memory Recalled Questions 2026: 60+ PYQ Topics Decoded

Want to know exactly what the examiner asks in the law paper? JAIIB LRAB memory recalled questions are the closest thing to a leaked blueprint. They reveal the topics. Traps and question styles that show up again and again. In this 2026 guide, you get 60+ recalled previous-year topics, fully decoded.

Legal. Regulatory Aspects of Banking (LRAB) is one of the core papers in the JAIIB exam. It scares many candidates because it is dense.

Section-heavy and full of definitions. But here is the good news. The pattern repeats.

Once you master these recalled questions, the paper feels far smaller.

What Are JAIIB LRAB Memory Recalled Questions?

Memory recalled questions are exam questions reconstructed by candidates after they sit the paper. Students share what they remember. Coaching teams like Learning Sessions then compile. Clean these into topic lists.

They are not the exact official paper. They are a high-quality signal of what the LRAB exam loves to test. Think of them as a heat map of important areas.

Because IIBF rotates from a fixed syllabus, the same concepts resurface. That is why these recollections are gold for last-mile revision.

Why LRAB Recalled Questions Matter for 2026

LRAB has a huge syllabus. You cannot read everything twice. Recalled questions help you spend time where marks actually live.

• Focus your revision on repeat-tested sections instead of obscure corners.
• Learn the question style the examiner prefers, especially short case studies.
• Reduce exam-day surprise by seeing familiar patterns.
• Build speed, since you instantly recognise the concept being tested.

Pair this list with regular mock tests and you create a powerful revision loop. Read the concept, then test it, then fix gaps.

LRAB Quick-Facts Table

Here is a fast snapshot before we dive into the recalled topics. Always confirm current details on the latest official IIBF notification.

60+ JAIIB LRAB Memory Recalled Topics (Previous Year Papers)

Below are the recollected topics from past LRAB papers, grouped for clarity. Use each line as a study cue. If a point mentions a figure or limit. Verify it on the latest official IIBF notification before you trust the number.

A. Banking Companies & Banking Regulation

• Section in which partners are defined.
• Tenure of a director of a banking company.
• Recommended time period for preservation of records.
• Rules on maximum shareholding in a banking company.
• Condition on. A depositor has to deposit a stated percentage of the amount.
• Who has power to inspect a bank (the RBI angle).
• BFS (Board for Financial Supervision): who nominates a director.
• Central Government powers in the banking sector.
• Effects of a non-registered company.

B. Negotiable Instruments & Banker Liability

• Limitation period for a term loan default (commonly tested as three years. Confirm on the latest official IIBF notification).
• A cheque written with gaps in words and figures. Later materially altered and cleared: who is responsible.
• Responsibilities of the collecting banker.
• What a collecting bank must do for a cheque drawn on another bank.
• Cheque crossing based question.
• Liability of the paying banker.
• Bankers' Books Evidence: prima facie value of entries.

C. Partnership, Companies & Accounts

• Partnership firm with Either or Survivor style operation up to a set limit: who is liable on a cheque.
• A minor admitted to the benefits of a firm: is the minor liable.
• An overdraft drawn beyond limit with returned cheques: what the bank should do.
• Type of company with restriction on transfer of shares (private company).
• Where main and other objects are stated (MOA).
• Minor account operation rules.

D. Credit, Guarantees & Trade Finance

• Types of non-fund based credit facilities provided by banks.
• Number of parties in an indemnity (two).
• Lost FD and reissue of a duplicate: the customer's role as indemnifier.
• Rights of the indemnity holder.
• Types of bank guarantee.
• Bank's liability to honour a BG.
• Role of the negotiating bank.
• With recourse vs without recourse letter of credit.
• Deferred Payment Guarantee (DPG) based question.
• Supply bills: who they relate to and who they are financed to.

E. Securities, Mortgages & Charges

• Case study on simple mortgage vs equitable mortgage. The share on default.
• Match the security type with the product: gold loan. Car loan, home loan, LIC policy.
• Meaning of a fixed charge and a floating charge.
• Registration of charge and the Central Registry role.
• Concepts of hypothecation, pledge, mortgage and charge.
• Reverse mortgage basics.

F. Recovery Laws: SARFAESI, DRT & DRAT

• DRT and DRAT: who is the higher authority. Power to modify, jurisdiction and which cases only the DRT handles.
• Which DRT to approach when property and loan are in different places.
• Regulatory authority over the DRT.
• SARFAESI Act: validity. Security interest, security receipts, cancellation of SRC registration, and enforcement powers.

G. Consumer Protection, RTI & Tax

• Banking Ombudsman: matters where complaints can be made. And the appellate authority if dissatisfied.
• Consumer complaints handling.
• Head of the State Consumer Protection Council.
• Questions on TDS and TAN.
• RTI applicability and the fees under RTI.

H. Contract Act & Allied Laws

• Conditions of a contract.
• Liability of a surety.
• Bailment of goods.
• Rights of an unpaid seller and the contract of sale.
• A father guaranteeing his son's overdraft: which type of financing it is.
• A question from FEMA.

How to Use These Recalled Questions: A Smart Study Plan

Reading a list is easy. Converting it into marks needs a method. Follow this simple, repeatable plan.

1. Read the concept first. For each recalled point. Open your notes and learn the core rule clearly.
2. Write a one-line answer. Force yourself to state the law in a single sentence. This builds recall.
3. Group by theme. Study all mortgage points together, then all SARFAESI points, and so on.
4. Test immediately. Attempt related mock tests the same day to lock the concept in memory.
5. Revisit weak topics. Mark every wrong answer and revise it within 48 hours.

This loop of read, write, test, revise beats passive reading every time. It is how toppers convert recalled questions into a real score boost.

Prioritise the Heavy Hitters

If time is short, start with the highest-frequency zones. Based on these recollections. Prioritise mortgages and charges. SARFAESI, DRT/DRAT, negotiable instruments and the banking ombudsman. These themes appear repeatedly.

Master these first. Then move to contract law, consumer protection and FEMA. You can find structured explainers in our free guides.

Common Mistakes Students Make in LRAB

Many candidates lose easy marks for avoidable reasons. Dodge these traps.

• Memorising without understanding. LRAB loves application and case studies. Rote learning fails when the scenario shifts.
• Ignoring case-study questions. Several recalled items are mini scenarios. Practise reading facts and applying the rule.
• Trusting old numbers. Limits and timelines can be revised. Always confirm on the latest official IIBF notification.
• Confusing similar terms. Hypothecation, pledge and mortgage are mixed up often. Learn the differences crisply.
• Skipping mock tests. Concept reading alone is not enough. Regular mock tests reveal real gaps.

Quick Comparison: Hypothecation vs Pledge vs Mortgage

This trio is a classic LRAB favourite. Keep this table handy for instant revision.

Notice how this maps directly to the recalled "arrange the security type" question. The same logic answers gold loan, car loan and home loan items.

Frequently Asked Questions (FAQ)

Are JAIIB LRAB memory recalled questions the same as the official exam?

No. They are reconstructed from student memory after the exam. They show the likely topics and patterns. But they are not the exact official paper. Use them to guide revision, not as a guaranteed answer key.

Which LRAB topics carry the most weight?

Based on these recollections. Mortgages and charges. SARFAESI, DRT/DRAT, negotiable instruments and the banking ombudsman appear most often. Prioritise these high-yield zones first, then cover the rest of the syllabus.

Can I clear LRAB by only reading recalled questions?

Not reliably. Recalled questions are a revision tool, not a full course. You still need conceptual clarity and steady practice. Combine them with notes and repeated mock tests for the best result.

How many days do I need to revise LRAB with this list?

It depends on your base. With clear concepts. A focused candidate can revise these themes in one to two weeks. If you are starting fresh. Allow more time and add daily mock tests to build speed.

Where can I confirm the latest LRAB syllabus and rules?

Always check the latest official IIBF notification for the current syllabus, marks pattern and timelines. For structured explanations and updates, explore our free guides and practice on our mock tests.

Final Word: Turn These Recalled Questions Into a Pass

The LRAB paper rewards smart, targeted preparation. These JAIIB LRAB memory recalled questions hand you a clear map of what matters most. Your job is to study each concept. Write a sharp answer, and test it until it sticks.

Do not just read this list once and move on. Revisit it. Quiz yourself. Track your weak spots and crush them. Small, consistent effort beats last-night panic every single time.

You have the blueprint. Now build the habit. Trust the process, and walk into the exam hall ready. Clearing LRAB in 2026 is well within your reach. Start today, stay steady, and you will pass.

Related Guides