As per FIU guidelines, a bank has to mandatorily maintain records in case of suspicious transactions for a period of years from the date of cessation of the transactions between
the client and the banking
a. Three
b. Five
c. Seven
d. Ten
Ans – d
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Supervising Official will personally count all notes of denominations above Rs and will verify
a portion of all other notes on the ‘clip system’.
a. 5
b. 10
c. 50
d. 100
Ans – b
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The implementation of KYC in banks primarily addresses which one of the following risks?
a. Reputation risk
b. Legal risk
c. Money laundering risk
d. Compliance risk
Ans – c
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Cheque book is issued to illiterate depositor for …… (i) Cash payments, (ii) Making statutory payments, (iii) post dated cheques for repayment of instalments of loan
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans – c
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Collateral security of suitable value and/or third party along with the assignment of future income of the student for payment of instalments is required for Education Loan ……
a. Upto Rs.4 lakh
b. More than Rs 4 lakh but up to Rs 7.5 lakh
c. More than Rs 7.5 lakh
d. All the above
Ans – c
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In case of death of depositor, interest for overdue period will be paid at if depositor dies
after maturity date of FDR.
a. Saving rate
b. FD rate as on date of maturity
c. FD rate as on date of death
d. Whichever is more from the above
Ans – a
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