AML KYC Important

Aml kyc short notes::: (Most imp points) ( Read everyone not only for exam useful for everyday banking Knowledge)

1. Beneficial Owners shall mean the natural person who ultimately owns or or controls a client
and/ or the person whose behalf a transaction is being conducted , and includes a person
who exercises ultimate effective control over a juridical person.
2. " controlling ownership interest " means ownership of or entitlement to more than 25 %
shares or capital for company , more than 15 % of capital or profits of the partner for
partnership firm, more than 15% of the property or capital or profits for unincorporated
association , 15 % or more in case of trust.
3. where the client or the owner of the controlling interest is a company listed on the stock
exchange , or it is a subsidiary of such company , it is not necessary to identify and verify the
identity of any shareholder or beneficial owner of such companies.
4. maintenance of record of prescribed transaction , furnishing of information of prescribed
transaction to the specified authority , verifying and maintaining records of the identity of its
clients , preserving records for 5 years : section 12 of pml act 2002.
5. According to Rule 2 (h) of PMLA rule " transaction " means a purchase , sale , loan , pledge ,
gift , transfer etc.
6. Non profit organisation ( npo ) no governmental organisation ( ngo ) promoted by united
nation (UN) or its agencies will be classified as low risk customers,

JAIIB results May 2018

JAIIB results announced

Link here
https://iibf.esdsconnect.com/result/jaiibdbf118

International Trade finance PDF

International Trade finance

Download link here

https://drive.google.com/file/d/1kVkiBckEQlVCowLh2hXfpH0xRNc07Rm4/view?usp=sharing

ISB Recollected Questions and Exam Ti

ISB Recollected Questions and Exam Tips::::



Function of modem, which is not an OOP Lang.

 C C++ Java C#, questns abt DRP,

Trojan horse, sniffing, spoofing, availability, integrity, DBMS, preventive, corrective, detective controls, BCP

International trade finance recollected

International Trade finance recollected questions::
2 marks qstn from ecgc,export promotion capital goods scheme. exim ,lc, eefc, urr725 ,pcfc
1 marks from forfating, factoring, pre and post shipment ,Fedai dutydrawback urc522 heckscher ohlin theory buyers and suppliers credit forward contract , lc., channel financing merchanting trade as well these topics in .5 marks qstn bid bondand performance guarantee currency and credit risk , wharfage documentry credit time period related qstn , status holder starhouse . SEIS , liberalized remittance . NEIA (national export insurance account), ssp, src. Scp related to ECIE-ST red clause

Very important IT guidelines

Banking Sector IT guideline

The Reserve Bank of India issued new guidance in April 2011 for banks to mitigate

the risks of use of information technology in banking operations. RBI guidelines are

result of the Working Group's recommendations on information security, electronic

banking, technology risk management and cyber fraud. The Working Group was formed

under the chairmanship of G. Gopalakrishna, the executive director of RBI in April 2010.

Current Affairs on June 26 '2018

Today's Headlines

*Economic Times*

📝 Railways to place mother-of-all bulk orders worth Rs 7,000 crore

📝 Tata Steel plans to raise Rs 12,000 crore via NCD issue

📝 UltraTech Cement plans to raise Rs 9,000 crore

📝 Government-appointed panel to suggest employment-based sops for SEZ

📝 Jio signs $1 billion loan facility with ​Korea Trade Insurance

White & Brown Label ATM

White Label ATM

White Label ATMs are purely managed by third party service providers and have their label. These are branded non
bank ATM machines. Cash handling, management and logistics are provided by third party. Debit cards of all banks can be
operated through these machines. The role of the concerned bank is only limited to provide account information and back
end money transfers to the third parties managing these ATM machines. This initiative will enable the excluded segments
to avail ATM services as at present majority ATMs are confined to Urban/Metro areas only.
However, service provider levy charges which are to be either bear by the Bank or the customer. RBI has allowed
white label ATM's in India to have more penetration of ATM machines. Tata Communications Payment Solutions has
become the first company to launch this service in India under the brand name "Indicash". It has a tie up with
majority commercial banks and now you will soon see branded non bank third party white label ATM machines in
your vicinity.

Bharat Interface for Money (BHIM)

Bharat Interface for Money (BHIM)
The Bharat Interface for Money (BHIM) was rolled out by Prime Minister Narendra Modi
on 30th December 2016, in an initiative to enable fast, secure and reliable cashless
payments through mobile phones.
BHIM is inter-operable with other Unified Payment Interface (UPI) applications and bank
accounts, and has been developed by the National Payments Corporation of India
(NPCI).
The Android app is already available on the Google Play Store. As it is Aadhaarenabled,
the app puts an end to the fuss around other e-wallets. Moreover, an iOS
version will be launched soon. One must get their bank accounts registered along with a
UPI Pin for their account.
On the BHIM app, it would be or . This
user id would be your primary address, which can be used to send or request money
through other ids linked to it.
The BHIM App supports about 35 banks.
Bharat Interface for Money (BHIM) is an app that lets you make simple, easy and quick payment
transactions. BHIM is a digital payments solution app based on the Unified Payments Interface (UPI) from
the National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments
systems in India. You can easily make direct bank to bank payments instantly and collect money using just

Current Affairs on June 25th 2018

Today's Headlines

*Economic Times*

📝 JPMorgan to sell $203-million stake in Saudi Arabia bank

📝 Lupin to launch nearly 30 products in US market in FY18

📝 First-time entrepreneurs propel Indian franchise business; industry pegged at $150 bn in 5 years

📝 IFCI to raise Rs 3,000 crore from debt to fund business growth

Caiib ABM Re exam recollected

Recollected qus abm 24 june exam

1. DIFFERENCE BETWEEN IS AND LM CURVE

IS IS RELATED TO FISCAL POLICY OR LM CURVE IS TO MONETARY POLICY

Bond can issue for maximum period ?

Basic Principles of Information Security

Basic Principles of Information Security: For over twenty years, information security has held confidentiality, integrity and availability (known as the CIA triad) to be the core principles. There is continuous debate about extending this classic trio. Other principles such as Authenticity, Non-repudiation and accountability are also now becoming key considerations for practical security installations. Confidentiality: Confidentiality is the term used to prevent the disclosure of information to unauthorized individuals or systems. For example, a credit card transaction on the Internet requires the credit card number to be transmitted from the buyer to the merchant and from the merchant to a transaction processing network. The system attempts to enforce confidentiality by encrypting the card number during transmission, by limiting the places where it might appear (in databases, log files, backups, printed receipts, and so on), and by restricting access to the places where it is stored. If an unauthorized party obtains the card number in any way, a breach of confidentiality has occurred. Breaches of confidentiality take many forms like Hacking, Phishing, Vishing, Email-spoofing, SMS spoofing, and sending malicious code through email or Bot Networks, as discussed earlier.

Block chain Technology

Block Chain Technology : ICICI Bank is the first bank in the country and among the first few globally to exchange and
authenticate remittance transaction messages as well as original international trade documents related to purchase order,
invoice, shipping & insurance, among others, electronically on block chain in real time.
The usage of block chain technology simplifies the process and makes it almost instant—to only a few minutes. Typically, this
process takes a few days. The block chain application co-created by ICICI Bank replicates the paper-intensive international trade
finance process as an electronic de centralised ledger, that gives all the participating entities including banks the ability to access
a single source of information.

Some important abbrevetions

some important abbrevetions::

SWIFT: Society for worldwide Interbank Financial Telecommunication
SFMS: Structured Financial Messaging System
OLTAS: Online Tax Accounting System
CBS: Centralized/ core Banking Solution
PIN: Personal Identification Number
LAN: Local Area Network (used in the same building)
MAN: Metropolitan Area Network (used in the same city)
WAN: Wide Area Network (used in different locations)
IDRBT: Institute for development & Research in Banking Technology
Banknet: Payment System Network established by RBI
NICNFT: National Informatics Centre Network (currency chest operation)
WWW: World Wide Web
HTTP: Hyper Text Transfer Protocol
URL: Uniform Resource Locator
VSAT: Very Small Aperture terminal
Firewall: Software programme that restricts unauthorized access to data and acts as a security to private network

KYC AML: PRINCIPAL OFFICER DUTIES::

KYC AML:

PRINCIPAL OFFICER DUTIES::

Overall monitoring of the implementation of the Bank‘s KYC/AML/CFT policy

Monitoring and reporting of transactions, and sharing of information, as required under the law

Interaction with MLROs in Business Groups/SBUs for ensuring full compliance with the Policy

Timely submission of Cash Transaction Reports (CTRs), Suspicious Transaction Reports (STRs),Counterfeit Currency Reports (CCRs) and Non Profit Organisation Transaction Report (NTRs) to FIU-IND

Maintaining liaison with the law enforcement agencies, banks and other institutions which are involved in the fight against Money Laundering and Combating Financing of Terrorism

Ensuring submission of periodical reports to the Top Management/Board

kyc aml mcqs

KYC AML Mcq:

1.The amount beyond which cash transactions (Receipts & Payments) are to be monitored by the Commercial Banks as stipulated by the RBI in

its guidelines is -

A.Rs.5 lacs & above B. Rs.8 lacs & above C. Rs.10 lacs & above D. No such limit

2. Submission of details of PAN (Permanent Account Number) is compulsory for Fixed Deposits, Remittances, such as, DDs / TTs/ Rupee TCs,

etc., if the amount exceeds –

A. Rs.10,000/- B. Rs.25,000/- C. Rs.50,000/- D. No such limit

3. Branches should not open deposit/advances accounts of banned/ terrorist organisations as circulated by -

A.IRDA B. SEBI C. AMFI D. FIU

4. FCRA means - Foreign Contribution Regulation Acta

kyc aml recollected

KYC AML:: 


All 2 marks from case studies.


(Placement


Layering


Integration)

KYC AML MCQs

KYC :::

1. To counter money laundering in India, Government of India has come up with:

(A) Banking Regulation Act (B) Reserve Bank of India Act

(C) Prevention of Corruption Act (D) Prevention of Money Laundering Act

2. The objective of KYC/AML/CFT guidelines is

(A) to prevent banks from being used, intentionally or unintentionally, by criminal

elements for money laundering or terrorist financing activities.

(B) KYC procedures also enable banks to know/understand their customers and their

financial dealings better which in turn help them manage their risks prudently

(C) Either (A) or (B) (D) Both (A) and (B)

3. For the purpose of KYC policy, a 'Customer' is defined as :

(A) A person or entity that maintains an account and/or has a business relationship

with the bank

(B) one on whose behalf the account is maintained (i.e. the beneficial owner).

(C) beneficiaries of transactions conducted by professional intermediaries, such as Stock

Brokers, Chartered Accountants, Solicitors etc. as permitted under the law, the any

person or entity connected with a financial transaction which can pose significant

reputational or other risks to the bank, say, a wire transfer or issue of a high value

demand draft as a single transaction.

(D) All of the above

KYC AML SHORT NOTES

KYC AML :: (Short notes 1)

1. The objective of KYC/AML/CFT guidelines is to prevent banks/FIs from being used,

intentionally or unintentionally, by criminal elements for money laundering or terrorist

financing activities.

2. The PMLA came into effect from 1st July 2005. Necessary Notifications / Rules under the

said Act were published in the Gazette of India on 1st July, 2005 by the Department of

Revenue, Ministry of Finance, Government of India. The PMLA has been further amended

vide notification dated March 6, 2009 and inter alia provides that violating the prohibitions

on manipulative and deceptive devices, insider trading and substantial acquisition of

securities or control as prescribed in Section 12 A read with Section 24 of the Securities and

Exchange Board of India Act, 1992 (SEBI Act) will now be treated as a scheduled offence

under schedule B of the PMLA.

3. KYC procedures also enable banks/FIs to know/understand their customers and their

financial dealings better and manage their risks prudently.

KYC AML

KYC/AML:::

1. Cash receipt or cash payment of more than Rs 10 lakh are reported to FIU on CTR statement which
should be sent to FIU within _____ from the close of the month: 15 days.

2. Suspicious Transaction report is sent to FIU within: 7 days from confirmation of suspicion.

3. In case of transactions carried out by a non-account based customer, that is a walk-in customer, where
the amount of transaction is equal to or exceeds rupees whether conducted as a single transaction or several
transactions that appear to be connected, the customer's identity and address should be verified: fifty
thousand

4. As per KYC norms, banks are required to periodical update data. In respect of High risk customers,
full KYC exercise will be required to be done at least every: two years

KYC AML

Kyc aml::

56. Dormant / In-operative account means -
A. No debits / credits in account for certain period
B. A dead account not operated for over 10 years
C. No debit entries, but certain credit entries for certain period
D. A fixed asset account
57. The objective of verifying the employee life-styles by the employer is -
A. to know the source of income
B. to ascertain whether the employee is having any contacts with illegal organisations
C. to ascertain whether the employee is assisting organisations banned by statutory authorities
D. All of these
58. Maximum retention period of the bank records in case of suspicious transactions is -
A. 5 years B. 7 years C. 10 years D. 15 years
60. Role of the front line employees of a bank in respect of KYC guidelines is to -
A. Identify customers as per the existing instructions
B. Serve with Smile while opening the customer accounts
C. Assist the customer in filling-up the account opening forms
D. Provide efficient customer service

MSME

Development Commissioner (DC-MSME) Schemes :::

Related scheme: 1. Credit Guarantee
Description Ministry of Micro, Small and Medium Enterprises, GoI and Small Industries
Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust
for Micro and Small Enterprises (CGTMSE) to implement Credit Guarantee Fund Scheme for
Micro and Small Enterprises. The corpus of CGTMSE is being contributed by GoI and SIDBI.
Nature of assistance Collateral free loans up to a limit ofRs.50 lakh - for individual MSEs
Who can apply Both existing and new enterprises are eligible to be covered under the scheme.
How to apply Candidates meeting the eligibility criteria may approach banks/financial
institutions, which are eligible under the scheme, or scheduled commercial banks and select
Regional Rural Banks.

SMERA

MSME::

SMALL AND MEDIUM ENTERPRISES RATING AGENCY (SMERA)

SME Rating Agency of India Ltd (SMERA) is a third party rating agency exclusively set up
for micro, smal l, and medium enterprises in India for ratings on credit worthiness.
SMERA is promoted by SIDBI and Dun & Bradstreet along with various government,
public and private sector banks. It provides ratings which enable MSME units to raise

bank loans at competitive rates of interest. SMERA's ratings are an independent thirdparty
assessment of the overall status of the MSMEs as performing entities. The ratings
comprise a composite appraisal indicator and a size indicator. Its ratings enhance the
market standing of the MSMEs among their trading partners and customers. In addition,
the agency factors in industry dynamics in its ratings through a system of comparison of
strengths and weaknesses of the MSME with other companies in the same line of
business. It is also risk profiling the clusters through special studies and these would fill
the information gap between the lender and the sector. Banks offer concessions in pricing
(0.25%-0.50%) for credit to MSMEs rated by SMERA.

PMEGP

MSME::

Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy programme administered by the Ministry of Micro, Small and Medium Enterprises, Government of India. Khadi & Village Industries Commission (KVIC), is the nodal agency at national level for implementation of the scheme. At state level the scheme is implemented through KVIC, KVIB and District Industries center.

Eligibility
Objective
To generate employment opportunities in rural as well as urban areas through setting up of self employment ventures.
To provide continuous and sustainable employment to a large segment of traditional and prospective artisans and unemployed youth, so as to help arrest migration of rural youth to urban areas.
Scope

HOUSING FOR ALL BY 2022

 MSME::

HOUSING FOR ALL BY 2022

Urbanization is one of the important realities of recent decades in India. Its urban system consists of 7933 cities and towns of different population sizes, and a population of 377.16 million (Census 2011) which is the second largest in the world. India entered into a different demographic trajectory with the net increment to urban population exceeding the net increment to rural population. The United Nations (2014) estimates that much of the population increase in India between 2015 and 2030 will take place in urban areas during which it will add 164 million people to its urban base. The scale of the projected urban population increase is extraordinary, offering both an opportunity as well as a challenge for it to mobilize its resources and capacity to manage the transition.

MSME

MSME :: ( Most imp Exam point of view)

1. A Small Manufacturing Enterprise unit is considered as Sick Industrial Unit: when account remains sub
standard for more than six months or there is erosion in the net worth due to accumulated cash losses to
the extent of 50% or more of its net worth during the previous accounting year and the unit has been in
commercial production for at least two years
2. A small scale unit (manufacturing) can be treated as micro unit if the original investment in plant and
machinery does not exceed : Rs.25 lac
3. A unit in service enterprise is considered as medium if the investment in equipment is: more than Rs 2
crore but up to Rs 5 crore.
4. A Unit will be called as Small Service Enterprise if investment in equipments is up to: Rs 2 crore.
5. Amount of maximum loan given to micro and small enterprises that is covered under-CGFTMSEscheme
: Rs.200 lac
6. As per Micro, small and medium enterprise development Act 2006, a small manufacturing enterprise is
one in which original investment in plant and machinery is: more than Rs 25 lakh and up to Rs 5 crore.
7. As per RBI guidelines, banks are required to provide__% of advance to small enterprises to units in
which original investment in plant & machinery does not exceed Rs 10 lac in the case of manufacturing
units and does not exceed Rs 4 lac in equipment in the case of service enterprises: 40%
8. As per RBI guidelines, Loans to Agro and food processing Units are eligible to be classified under
Agriculture Ancillary Activity under Agril. Finance Priority Per borrower Rs. 100.00 crores.
9. Bank limit for working capital based on turn over method: 20% of the projected sales turnover
10. Banks are required to make 40% of advance to Micro and Small enterprises to manufacturing units
with investment up to Rs 10 lakhs and/or service enterprises with investment in equipment up to: No
criteria (earlier Rs 4 lakh) and now Micro has to reach 7.00% by March 2016 & 7.5% by March
2017 of ANBC/ceobe which ever is higher.
11. Banks will not obtain collateral security in respect of loans to micro and small enterprises which are
covered by Credit Guarantee Scheme for Micro and Small enterprises?: Rs 1 crore
12. CGTMSE fee: For North East & women; Loan up to Rs 5 lakh – 0.75% p.a.; Loan more than
Rs 5 lakh – 0.85% p.a.
13. Composite loan limit for Small Manufacturing enterprises: Rs.1.00 crore
14. For being defined as Medium enterprise, the original investment in plant & machinery should be: More
than Rs 5 crore and up to Rs 10 crore.
15. For being eligible to be classified as small (service) enterprise, the original investment in equipment
should not exceed: Rs 2 crore.
16. Full form of CGTSME: Credit Guarantee Fund Trust for Micro & Small Enterprises.
17. If a small enterprise in manufacturing has a good track record, collateral security can be waived up
to: 25.00 lacs
18. If an MSME units holds a margin of Rs.20 lac and its projected sales are Rs.400 lac, its working
capital limit will be : Rs.80 lacs
19. In case of advance granted to Micro and small enterprises, banks will not obtain collateral security up
to: Rs 10 lakh
20. In case of advance to Micro and Small manufacturing enterprises, working capital limit by a bank as
per turnover method is calculated as: 20% of projected annual turnover.
21. In case of loan guaranteed under CGTMSE, what is the extent of cover for loan upto 50 lac granted to
a women?: 80% of amount in default.
22. In case of loan to micro and small enterprises guaranteed by CGTMSE, no collateral security is
required for loans up to: Rs 100 lac.
23. Khadi Village Industry part of MSE; irrespective of investment in P&M.
24. Maximum Guarantee coverage for loans guaranteed by CGTMSE if loan up to Rs 5 lakh: 85% of the
amount in default with a maximum of Rs 425000.
25. Micro, Small and Medium Enterprises is under which Ministry: Ministry of Micro Small & Medium
Enterprises.
26. SMERA stands for: Small & Medium Enterprises Rating Agency.
27. The definition of Micro and Small enterprise in the manufacturing Sector is based on investment in :
Plant and Machinery.
28. Under CGFT scheme for MSE, for loans up to Rs 50 lac, 80% coverage is not available for: SC/ST

29. What is the maximum amount of loan covered guarantee scheme of CGTMSE for loans made to micro
and small enterprise: Rs.00.00 Lac

30. What is the rate of guarantee fees charged under CGSMSE for loan of more than Rs 5 lac to a
women?: 0.85% p.a. of limit sanctioned.
31. Advantages of Cluster based finance to MSMEs: Risk mitigation.

MSME

 MSME::

What are Debt Recovery Tribunals (DRTs)?

Debt Recovery Tribunals were established to facilitate the debt recovery involving banks and other financial institutions with their customers. DRTs were set up after the passing of Recovery of Debts due to Banks and Financial Institutions Act (RDBBFI), 1993. Appeals against orders passed by DRTs lie before Debts Recovery Appellate Tribunal (DRAT). DRTs can take cases from banks for disputed loans above Rs 10 Lakhs. At present, there are 33 DRTs and 5 DRATs functioning at various parts of the country. In 2014, the government has created six new DRTs to speed up loan related dispute settlement.

Compared to the ordinary court procedures, DRTs were able to handle large number of cases with low delay during the initial phases. Though the DRTs have made impact on recovery front, several issues related to their performance in the background of rising volume of NPAs have appeared in later period. Inadequate infrastructure coupled with insufficient number of DRTs has made them incompetent to handle the rising volume of disputes.

MSME recollected questions

MSME recollected questions
1. Micro, small & medium sector
2. Priority sector classification (esp foreign banks less than 20 branches etc)
3. One sum on calculation of NWC
4. CLUSTER development features
5. TIFAC full form, CODISSIA located at?
6. Mahila schemes implemented by SIDBI
7. Which are NOT included under plant & machinery
8. HUF, LLP questions on minor admissibility
9. Common seal compulsory for companies/LLP
10. GRAY sick area
11. Ots implemented by? - individual banks
12. Highest investment by overseas investors is under which sectors
13. Study report Of DIC recommendations
14. Federation of msme for West Bengal state? ITCOT located in which state? MSME council located? Msme as per constitution is state/central/concurrent subject?

Banking Codes and Standards Board of India (BCSBI)::

Banking Codes and Standards Board of India (BCSBI)::

In November 2003, Reserve Bank of India (RBI) constituted the Committee on Procedures and Performance Audit of Public Services under the Chairmanship of Shri S.S.Tarapore (former Deputy Governor) to address the issues relating to availability of adequate banking services to the common person. The mandate to the Committee included identification of factors that inhibited the attainment of best customer services and suggesting steps to improve the quality of banking services to individual customers. The Committee felt that in an effort to continuously upgrade the package of services that banks offered to their customers, there was a need for benchmarking of such services. After an in-depth study at the grass-roots level, the Committee concluded that there was an institutional gap for measuring the performance of banks against a bench mark reflecting the best practices (Code and Standards). Therefore, the Committee recommended setting up of the Banking Codes and Standards Board of I ndia (BCSBI). BCSBI was set up to ensure that the common person as a consumer of financial services from the banking Industry is in no way at a disadvantageous position and really gets what he/she has been promised.


The Scheme of Banking Ombudsman, which has been functioning for quite some time, does not look into systemic issues with a view to enforcing a prescribed quality of service. Ideally, such a function should be performed by a Self-Regulatory Organisation (SRO) but in view of the existing framework of the banking sector in India, it was felt that an independent, autonomous Board will be best suited for the function. Therefore, Dr. Y.V. Reddy, Governor, Reserve Bank of India, in his Monetary Policy Statement (April 2005) announced setting up of the Banking Codes and Standards Board of India in order to ensure that a comprehensive code of conduct for fair treatment of customers was evolved and adhered to.

The Banking Codes and Standards Board of India was registered as a society under the Societies Registration Act, 1860 in February 2006. It functions as an independent and autonomous body. Membership of BCSBI is voluntary and open to scheduled banks. Initially the membership of BCSBI was open to scheduled commercial banks and has now been extended to include Regional Rural Banks and select Urban Co-operative Banks.

The general superintendence, direction and control of the affairs and funds of the Society is vested in the Governing Council (constituted by RBI) consisting of members drawn from different disciplines such as banking, economics, service etc. The first Governing Council relinquished office in December 2011 after which a new Governing Council was constituted.

BCSBI

BCSBI ::

Lending::

Each bank has its own Loan policy, approved by its Board, based on the guidelines

issued by the Reserve Bank of India. Banks are expected to base their lending

decisions on a careful and prudent assessment of the financial position and repaying

capacity of the applicant, besides other important criteria.

What information is a bank required to give when one approaches them for a

loan?

Banks, along with the loan application form are required to provide full

information about the interest rates applicable, whether floating or fixed as

also fees and charges payable for processing, penal rate of interest for delayed

payments, conversion charges for switching loans from fixed to floating rates

and vice-versa, existence of any interest reset clause, time by which a decision

on the application will be conveyed to the applicant and any other matters

which will affect your interest as a borrower.

BCSBI recollected question and Exam Tips:

BCSBI recollected question and Exam Tips:

Very basic questions from IIBF prescribed book
Kindly visit BCSBI site for Latest Update’s
QUESTIONS ASKED IN TODAYS BCSBI.. ( based on memory) PART 2
1. Case studies based on nominee
2. two nominees applicable in which clause.. E OR S.. or F OR S
3.BSCBI is compulsry for banks to follow or not
4. educational. loan for 25 lakhs with 10 percnt margin... how much you insist for collateral
5. same. partners for different companies... wthr right of sett off can be applied or not for one of the firms debts
6. questions on HUF KARTA
7.BANKS CHALLENGE IN IMPLEMENTING DIGITAL TECHNOLOGY
8.banks time for calling customers over phone
9. mobile phone ettiquete
10.norms.for customers to approach BCSBI for guidance for geting loan.. a the limit of the loan
11.questions on customer orientation
12. under which sectn of NI act cheques has to be paid by the bank.... to be continued

RISK MANAGEMENT

Risk management::

1. Risk is defined as uncertainties resulting in:
a) Adverse outcome, adverse in relation to planned objectives or expectations
b) Adverse variation of profitability or outright losses (financial risk)
c) Both (a) & (b) d) None of these
2. Financial Risk is defined as
a) Uncertainties in cash flow b) Variations in net cash flow
c) Uncertainties resulting in outright losses
d) Uncertainties resulting in adverse variation of profitability e) Both (c) & (d)
3. Uncertainties in cash inflows and / or outflows create uncertainties in:
a) net cash flow b) profits c) Both (a) & (b) d) none of these
4_ Which of the following is not correct?
a) Lower risk implies lower variability in net cash flow
b) Higher variability in net cash flow may result in higher profits or higher losses
c) Higher risk would imply higher upside and downside potential
d) Zero risk would imply no variation in net cash flow e) None of these
5. Return on zero risk investment would be ----as compared to other opportunities
available in the market ; a) high ,b) low c) medium d) higher or low depending upon type of investment Strategic risk is a type

Risk Management and credit rating

Risk Management and credit rating::

The risk that the banking business faces, can be:
· Credit risk
· Market risk (resulting from adverse movement of prices of govt. securities, interest rates, forex etc.)
· Operational risk (resulting from staff errors, failure of internal processes, external events etc.)
Credit Risk : It refers to the possibility of loss that the bank or financial institution may suffer as a consequence of inability of
the counterparty (i.e. the borrower, who is operating in an environment having many uncertainties resulting in threat to the
viability and sustainability of the activity) to meet its repayment or other commitment/s as per agreed conditions and commit
default.
Reserve Bank of India states that the credit risk or default risk involves inability or unwillingness of a customer or counterparty to
meet commitment in relation to lending, trading, hedging, settlement and other financial transactions.
In terms of the guidelines issued by RBI, the credit risk is generally made up of (I) transaction risk or default risk and (2) portfolio
risk. The portfolio risk in turn comprises intrinsic and concentration risk.

KYC AML

KYC AML::

1. KYC, AML & CFT guidelines are issued under act.
a) KYC Act b) PMLA 2002 c) BR Act d) NI Act
2. FATF (Financial Action Task Force on Money Laundering) also known as GAFI
(Groupe d'action financiere) has its head quarters at
a) New Delhi b) London c) Paris d) Geneva
3. Section 12 of PMLA places the following obligations on the Bank except
a) Maintaining a record of prescribed transactions & preserving records there of.
b) Furnishing information of prescribed transactions to the specified authority.
c) Verifying and maintaining records of the identity of its clients and identifying the
beneficial owners, if any, of such clients
d) None of the above
4. Under KYC/AML/CFT/Fraud prevention measures, observance of KYC compliance and
fraud prevention day is observed on..
a) 1st August b) 5th August
c) 1st September d) 5th September
5. The Anti Money Laundering Cell of the Bank has been established at
a) Jaipur b) Nagpur c) Bhubaneswar d) New Delhi
6. In case the PoS transaction amount is Rs. and above, the merchant is required
to obtain the copy of PAN in case of domestic card transaction.
a) 20000 b) 150000 c) 100000 d) 50000
7. Smurfing, Layering and Integration are three types of
a) Money laundering Activity b) Money tracking Activity
c) Source tracking Activity d) User tracking Activity

ABM case studies

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https://drive.google.com/file/d/1E716raVfft361MzmS40W0-s1rT9su6KF/view?usp=sharing

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INTERNATIONAL TRADE PRACTICES

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BFM MOST IMPORTANT LINKS

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https://drive.google.com/file/d/16FUWEX6jYDGSa8ZotemMkrz5BgYKRQBg/view?usp=sharing

https://drive.google.com/file/d/1jkuqResIn3CJLJdhqrB55sa6cLF2JCUG/view?usp=sharing

https://drive.google.com/file/d/1gXulIWe0yK-bSUoIrlESJ27pPTth6kpK/view?usp=sharing

https://drive.google.com/file/d/16u8Py6ujyVRL5ZkoN8jyc7VxVWuMcdfY/view?usp=sharing

https://drive.google.com/file/d/1Bo6l34NS9BltoFFjfi2aUyJ5kNrnzo1y/view?usp=sharing

https://drive.google.com/file/d/15IPPNbKEvBWzTrBu5QFFJe6c6ztNcdVl/view?usp=sharing

https://drive.google.com/file/d/1ia8ph84ngXTZZaNpead-267aAAFHZiwS/view?usp=sharing

https://drive.google.com/file/d/12wZ5AHsAhdSp9n1APkUfKZqZqP9vFrf8/view?usp=sharing

https://drive.google.com/file/d/1wYlgBQ1izqmBtr4p6mKJzX4vOVVmsnOP/view?usp=sharing

https://drive.google.com/file/d/1aIgOw7KBduCdHCtbTYPrAYYGuDvOjYg4/view?usp=sharing

https://drive.google.com/file/d/188mD3SK76_lyGMjOnS9Fay3gRMn93t4J/view?usp=sharing

https://drive.google.com/file/d/1TE62CIPe90RjrpEUQMYbZgLEO48x71gd/view?usp=sharing

https://drive.google.com/file/d/1lRNFi68qJj7VLttZS23c-ka_WQmeiMPQ/view?usp=sharing

https://drive.google.com/file/d/1JDhLpmLYzVQKoCMHGPsXwgMD1JyOEqTx/view?usp=sharing

https://drive.google.com/file/d/1ELOsTmWEUmB5-s4_n3JVUddwfzw-viOB/view?usp=sharing

https://drive.google.com/file/d/1mxZw5iNu8TChyGkAD04GAQZofdNEPfj0/view?usp=sharing

https://drive.google.com/file/d/1_1-hb-eg7ckgwM7Hi-2uj6DB484auO8h/view?usp=sharing

https://drive.google.com/file/d/1zQXqaOTv-WpcTXiu3a7vcW7WBFfFbg9t/view?usp=sharing

https://drive.google.com/file/d/1p-ri_4_b1VnLfOq9v_rSbq7vTxFWxT4j/view?usp=sharing

https://drive.google.com/file/d/1_mbuVxWLGXi2uKuAd58YRrzTDYF0OV8t/view?usp=sharing

https://drive.google.com/file/d/1CzsSTaoAupDv1_mhIp5pdb46YIfDhtvy/view?usp=sharing

https://drive.google.com/file/d/1kj9_8rzYLGTokiUZn6ZjuWRzwfzBUR9H/view?usp=sharing

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CAIIB BONDS

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ABM 100 MCQs

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CAIIB IT ELECTIVE MCQs

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CAIIB CANPAL SERIES

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https://drive.google.com/file/d/1WL5qbicUIDP5jbIZRlxGorNLJJj0Y7oh/view?usp=sharing

https://drive.google.com/file/d/1sO_H55JGZ4Yo85FjJSH8Umc6_LgjES4j/view?usp=sharing

https://drive.google.com/file/d/1WU_InMe_6B8rrK8JITfjdi9tjondwoRS/view?usp=sharing

https://drive.google.com/file/d/1MOQybMHfs6gCFjbDRoibxcT0uSpJIEz5/view?usp=sharing

https://drive.google.com/file/d/11t0MvCex6BicEeO7y9dVDN_ykQMZahG0/view?usp=sharing

https://drive.google.com/file/d/1MzBshOmHmxrX0bf6Urb0PNT1zLUc4Ekg/view?usp=sharing

https://drive.google.com/file/d/1Z5y73gt8ZKT1JtF5W5QZwJVJAKFL8dVR/view?usp=sharing

https://drive.google.com/file/d/1n9YOZLtPfYcMw-Qv-I221cXaLY9bxn39/view?usp=sharing

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CAIIB ALM

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BFM

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JAIIB

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INTRODUCTION OF CERTIFICATE EXAMINATIONS ON EVERY 1st AND 3rd SATURDAY FROM AUGUST 2018 AT 100 CENTRES

Institute will the conducting the following online examinations on the dates mentioned below:

EXAMINATION	EXAMINATION DATE	OPEN PERIOD FOR REGISTRATION
1. Certificate Course on MSME	4th August  2018   (1st Saturday)	2nd July to 21st July 2018
2. Certificate Examination in Customer Service & Banking Codes and Standards	18th August 2018  (3rd  Saturday)	2nd July to 4h August 2018
3. Certificate Examination in Anti-Money Laundering & Know your Customer	1st Sept  2018   (1st Saturday)	2nd July to 18th August 2018
4. Certificate Examination in Prevention of Cyber

CAIIB HRM Recollected questions

CAIIB HRM Recollected questions

Organic structure organization definition

Definitions for norming and performing (stages of group development) 

Questions on six leadership styles (5 questions asked) 

Definition of process diagnosis(in bpr implementation) 

Identify best practices in change management

Key factors for successful implementatition of change within organization

Chief insecurity of most staff is change itself

Identify steps to successful change propsed by John p kotter

Responsibility charting is foundation for strong delegation

Forecasting activities in human resource planning include

What are two types of knowledge

In RAKID R stands for

Commonly used knowledge management tools are online discussion forums,  online conferencing,  communities of practice

Employees and managers can be classified in 4 categories.  Identify-activist, reflector,  theorist and pragmatist

Characteristics of training new generation - it should be short,  entertaining,  allows freedom

Problem on ROI

Definition of ROI

Types of motivation

Definition of motivation

Lowest need in need hierarchy theory

Which of the following is not hygiene factor-recognition

Goal efficiency is effected by- proximity,  difficulty and specificity 

According to Steven reiss motivation theory,  how many basic desires?  16

Status is defined as need for social standing and importance

Human resource implications 

Augmented learning-learning where learners interact with e learning environment 

What are 3 domains of learning - cognitive.  Psychomotor and affective

Psychomotor involves what characteristics

Principles of learning -  readiness,  exercise. Intensity and recency

One question on perception

Adult learning feature identify the wrong one

Definition of functional comptency

External factor effecting demand forecasting

One of the following is not advantage of external recruitment 

Question on body language

What are the legislation on working conditions.  Identify wrong act

Registering trade union gives then legal status

One of the following is not a social security act

RISK MANAGEMENT recollected questions :-

 RISK MANAGEMENT recollected questions :-
Maturity bucket case study
Modified Duration (YTM) Semiannual, Convexity case study 
Basel 3 T1 and T2 case study
LTV ratio case study
Foreign exchange case study
Rating Migration case study
MCLR Case Study
Basis risk
Trading book
EAD, PD, LGD
BPV
Various Approaches for Market Risk, Credit Risk , Operational Risk
Various 1 marks numericals on foreign exchange
Various RWA were asked
Etc.

CAIIB Retail Recollected 2018 June

CAIIB Retail Recollected 2018 June ::

Recalled questions 

Bbps

Case study on hl income tax claim

Fv n pv

Fsi

NFS details

Credit card

Free charge

Emi Calculation, Rule 72, Questions on CIBIL,  SLM and WDV

 housing loan cs education loan cs bbps cs ekyc depriciation cs question on time value of money and also more and more question on theory part

 Case study on

BBPS

HL income tax

CKYC

Depriciation

Case study on

Bcsbi 5 que

 Imps,UPI, *99#,mmid

[Credit card 5 que

 Sarfasi,, lokadalak, drt 5 que

Car loan new oold car 5; questions

Housing loan tax benefits 5 que

 Slm , wdv depreciation 3 que

Fund transfer mobile banking maximum    per transaction and max per month per beneficiary

[Sub prime loan

[Bank charges under charge against future receivable        cersai form 1 or 2 or not applicable

 Mortgage act

[ RTGS and neft

 Method of valuation of land and buildings which is to be attached as security for bank

 Product development stages

Rule 72 compounded annually  doubles in 7 yrs and 6 months option 9 .6,10, 9.3,9

 Demat account can be opened in banks or DPS or brokers
If a bank issue card to customer and 10 lakh insurance cover what type of card bank issue rupay, visa, master, mastro
 If credit card a person purchases for 12000 at 37.20 annually.               Per month interest.  Per day ,, if he pays within time limit what is the interest charged

How can a bank protect themselves if he is relieving information about the customer
Ombudsman settlement

Kyc aml

• Dispute between banks and reconstruction company securitization

[Back loading emi
 If a person wants to invest in a 10 yrs  pention plan  plan name?? Pmjsy, pmvvy, Jay,jsy
[Machinery value 1200 lakhs salvage value 300. End of 6 yrs under wdv method 15%
When salvage value become zero

Dep under straight line method
Cumulative depreciation value of 3rd 4th year under wdv