IIBF KYC AML Quiz 2

IIBF KYC AML Quiz 2

Professional Development

25 Qs

quiz-placeholder

Similar activities

IGNIS vs New BRIO RS- POST TEST

IGNIS vs New BRIO RS- POST TEST

Professional Development

20 Qs

Justoza Neev Program Quiz

Justoza Neev Program Quiz

Professional Development

23 Qs

yono ao vizag

yono ao vizag

Professional Development

25 Qs

CS quiz

CS quiz

Professional Development

25 Qs

iSaksham

iSaksham

Professional Development

20 Qs

Induction Training for Business Associates

Induction Training for Business Associates

Professional Development

21 Qs

Canara Bank - Final Assessment

Canara Bank - Final Assessment

Professional Development

20 Qs

Hunter Test 2.0

Hunter Test 2.0

Professional Development

30 Qs

IIBF KYC AML Quiz 2

IIBF KYC AML Quiz 2

Assessment

Quiz

Professional Development

Professional Development

Hard

Created by

KUMARA THEJESWI JAMMA

Used 3+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following group of customers, will be categorized as a low risk customer, as per Provisions of KYC

Govt. Dept. A joint stock company

Partnership firm, a salaried employee

A salaried employee, govt. dept.

All the options are correct

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In cases where banks are acting as agents for selling third party products, bank has to verify the identity of the walk-in customer for transaction of above Rs. …

Rs.1,00,000/-


Rs. 5,00,000/


Rs.2,00,000/-


Rs. 50,000/-


3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Is the bank responsible for filing CTR/STR, in respect to transactions relating to third party products with customers?

The responsibility lies with the owner of the product

The bank is responsible for transactions of their account holders only.

With respect to transactions, bank has to file the reports of the customers including walk-in customers

None of the above

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is the Central Govt. Agency, which receives, analyses, processes and disseminates the information regarding money laundering to appropriate national and international authority?

RBI

Financial Intelligence Unit-India

RAW

Central Intelligence Bureau

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In case of low risk customers full KYC is required to be done by the bank:

Not less than 2 years

Not less than 5 years

Not less than 10 years

Not required

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Risk category review under KYC has to be undertaken by banks

Not less than once in 2 years

Not less than once in 1 year

Not less than once in 6 months

Not less than once in 3 months

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In case of high risk customers, full KYC is required to be done by the bank

Not less than 5 years

Not less than 3 years

Not less than 2 years

Not less than 1 year

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?

Discover more resources for Professional Development