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Question 1 reset

The branches of commercial banks should report suspicious transactions to

RBI

AMFI

Ministry of Finance

Banks respective authority

Question 2 reset

Strict adherence to KYC norms is achieved through

Identification of customers with appropriate documents

Following the statutory authority guidelines

Strict implementation of the banks systems and procedures while opening the accounts

All of the above

Question 3 reset

STR in the context of PMLA stands for

Suspicious Tax Reports

Suspicious Transfer Reports

Suspicious Transaction Reports

Suspicious Transaction Results

Question 4 reset

The term Hawala is an ____ word.

Islamic

Arabic

English

Question 5 reset

Branches may open accounts for those customers who are not able to provide KYC documents, provided, that total credits submission in all the accounts taken together is not expected to exceed Rs. ____ in a year.

1 lakh

2 lakhs

3 lakhs

4 lakhs

Question 6 reset

Which of the following document/s can be accepted by the banks as address proof of customer identification?

Salary slip

Electricity bill

Income tax assessment order

Question 7 reset

In case of societies, the important document to be verified is

Copy of Bye-Laws

Certificate given by the ROC

Certificate given by the local authorities

Question 8 reset

Letter of thanks is sent to introducer(s) because it is assisting banks in verification of genuineness of account opened.

True

False

Question 9 reset

While opening an account in case of partnership firm one of the vital document to be produced by the firm is

Partnership deed

Signatures of the partners

Partners MOU

Registration certificate of partnership

Question 10 reset

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

SEBI

IRDA

ICAI

FIU

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