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
8. The Software used for generation of Suspicious Transactions Report is known as:
a) E-KYC b) AMLOCK c) E-BANCS d) E-AML
9. Which of the following is the key element of KYC/AML/CFT?
a) Customer Identification & Acceptance
b) Customer Identification & Transaction Monitoring
c) Customer Acceptance, Customer Identification, Risk Categorization & Monitoring
of transaction
d) Customer Acceptance & Risk Management
10. "Controlling ownership interest" means ownership of or entitlement to more than
percent of shares or capital or profits of a company.
a) 50 b) 10 c) 15 d) 25
11. Which is not one of the documents from the "Officially Valid Documents" list prescribed by
the RBI.
a) Post office ID b0 PAN Card c) DL d) Adhaar
12. Facilities/Restrictions in 'Small account' includes
a) the aggregate of all credits in a financial year does not exceed rupees one lakh
b) the aggregate of all withdrawals and transfers in a month does not exceed rupees
ten thousand
c) the balance at any point of time does not exceed rupees fifty thousand
d) All the above
13. For Low risk customers, Customer Identification data should be updated once in
years.
a) 3 b) 4 c) 10 d) 8
14. Branches may open bank account in favor of foreign students studying in
India.
a) SB b) NRO c) CA d) NRE
15. As per the Simplified KYC guidelines, the current limits for balance in Small Deposit
Accounts should not exceed
a) Rs.20,000 b) Rs.50,000 c) Rs.1,00,000 d) Rs.2,00,000
16. Counterfeit Currency Reports should be submitted to: -
a) LHO KYC Deptt b) Controlling Office
c) FIU-IND d) None of the above
17. Politically exposed persons are:
a) Individuals who are or have been entrusted with prominent public function in a
foreign country
b) MLAs and MPs
c) Individuals related to a political party
d) All the above
18. Cash Transaction Reports (CTRs) are required to be compiled by branches and submitted
to Controllers for onward transmission to FIU-IND at intervals.
a) Weekly b) Fortnightly c) Monthly d) Bimonthly
19. Cash withdrawals and deposits for Rs. lacs and above in deposit, cash credit
and overdraft accounts to be recorded in a separate register and reported to controlling
office every month.
a) 5 b) 10 c) 15 d) 20
1. (b) 2. (c) 3. (d) 4. (a) 5. (a) 6. (d) 7. (a) 8. (b) 9. (c) 10. (d)
11. (a) 12. (d) 13. (c) 14. (b) 15. (b) 16. (c) 17. (a) 18. (c) 19. (b)
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
8. The Software used for generation of Suspicious Transactions Report is known as:
a) E-KYC b) AMLOCK c) E-BANCS d) E-AML
9. Which of the following is the key element of KYC/AML/CFT?
a) Customer Identification & Acceptance
b) Customer Identification & Transaction Monitoring
c) Customer Acceptance, Customer Identification, Risk Categorization & Monitoring
of transaction
d) Customer Acceptance & Risk Management
10. "Controlling ownership interest" means ownership of or entitlement to more than
percent of shares or capital or profits of a company.
a) 50 b) 10 c) 15 d) 25
11. Which is not one of the documents from the "Officially Valid Documents" list prescribed by
the RBI.
a) Post office ID b0 PAN Card c) DL d) Adhaar
12. Facilities/Restrictions in 'Small account' includes
a) the aggregate of all credits in a financial year does not exceed rupees one lakh
b) the aggregate of all withdrawals and transfers in a month does not exceed rupees
ten thousand
c) the balance at any point of time does not exceed rupees fifty thousand
d) All the above
13. For Low risk customers, Customer Identification data should be updated once in
years.
a) 3 b) 4 c) 10 d) 8
14. Branches may open bank account in favor of foreign students studying in
India.
a) SB b) NRO c) CA d) NRE
15. As per the Simplified KYC guidelines, the current limits for balance in Small Deposit
Accounts should not exceed
a) Rs.20,000 b) Rs.50,000 c) Rs.1,00,000 d) Rs.2,00,000
16. Counterfeit Currency Reports should be submitted to: -
a) LHO KYC Deptt b) Controlling Office
c) FIU-IND d) None of the above
17. Politically exposed persons are:
a) Individuals who are or have been entrusted with prominent public function in a
foreign country
b) MLAs and MPs
c) Individuals related to a political party
d) All the above
18. Cash Transaction Reports (CTRs) are required to be compiled by branches and submitted
to Controllers for onward transmission to FIU-IND at intervals.
a) Weekly b) Fortnightly c) Monthly d) Bimonthly
19. Cash withdrawals and deposits for Rs. lacs and above in deposit, cash credit
and overdraft accounts to be recorded in a separate register and reported to controlling
office every month.
a) 5 b) 10 c) 15 d) 20
1. (b) 2. (c) 3. (d) 4. (a) 5. (a) 6. (d) 7. (a) 8. (b) 9. (c) 10. (d)
11. (a) 12. (d) 13. (c) 14. (b) 15. (b) 16. (c) 17. (a) 18. (c) 19. (b)
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