Banking Fraud Quiz

What does 'Fraud' mean as per Section 17?

• A banking regulation

• A legal transaction

• An act of deception

• A type of investment

Which act involves the suggestion of a false fact by someone who does not believe it to be true?

• Deceptive act

• Fraudulent promise

• Active concealment

• Suggestion of false fact

What is a common type of fraud involving fake or original KYC documents?

• Cheque kiting

• Digital fraud

• Account opening fraud

• Loan fraud

What is cheque kiting?

• Using fake documents to open accounts

• Exploiting time lag in cheque clearance

• Forging signatures on cheques

• Hacking bank accounts

Which scam involved moving funds between multiple bank accounts to create artificial liquidity?

• Ketan Parekh Stock Market Scam

• Harshad Mehta Scam

• Telgi Scam

• Home Trade Scam

What type of fraud involves the use of forged or tampered documents for loans?

• Counterfeit securities

• Money laundering

• Digital fraud

• Cheque fraud

What is the primary method used in digital fraud?

• Cheque forgery

• Hacking and tampering

• Fake KYC documents

• Loan misrepresentation

What is the term for concealing the existence or source of illegally obtained money?

• Money laundering

• Loan fraud

• Cheque fraud

• Digital fraud

What is an advanced fee fraud commonly known as?

• Digital fraud

• Loan fraud

• Cheque kiting

• 419 scam

What is the RBI's guideline for reporting red flagging of accounts to CRILC?

• Within 30 days

• Within 90 days

• Within 7 days

• Within 180 days