10. Non-profit Organizations Transactions Report pertains to_____ in the accounts of NPOs.

c) Receipts above a threshold value

11. Customer Acceptance Policy of a bank should state that the bank will not open an account…

a) Which is operated by a hird person on behalf of the account holder.

b) For a professional intermediary for its client

14. Among he documents stated below_____is not an OVD.

d) Proof of possession of Aadhar Number

19. There should be two persons to open a partnership account in a bank. In which of the following cases an account can be opened?

b) X aged 25 years Y aged 21 years

a) X aged 25 years Y aged 17 years

c) X aged 17 years and Y aged 16 years

d) Ku.Shubha aged 30 years and Ku Rachna aged 16 years [daughter of Ku.Shubha)

e) X aged 71 years Y aged 57 years but lunatic.

20. HUF account is to be opened in a bank where there are three major persons Shivkumar- Father; Mrs.Ramawati – Shivkumar’s mother, Sharat Kumar – Son; Who can become Karta of HUF ?

e) Both Shivkumar and Sharat Kumar

P&PB 2023 QUIZ-1

Authored by Kireet Pomal

English

Professional Development

Used 3+ times

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25 questions

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MULTIPLE CHOICE QUESTION

30 sec • 5 pts

1. Principal function of banks are :

a) Accepting deposits

b) Lending and investing

c) Non-fund business and remittance services

d) All of the above (a) to (c)

e) Only (a) & (b)

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

2. When a bank lends money to the corporate person the relationship between them is of …..

a) Borrower and lender

b) Creditor-debtor

c) Debtor-creditor

d) Customer and client

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

3. What relationship is created when the bank collects a cheque in clearing?

a) Holder of value

b) Clearing member and principal

c) Agent and principal

d) Collecting bank and holder

e) None of the above.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

4. Demand deposits are those which can be withdrawn…………..

a) On request

b) On sanction by Manager

c) On demand

d) On persuasion

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

5. Merchant bankers are………….

a) Financial brokers

b) Financial intermediaries

c) Credit appraisers

d) Underwriters

e) All of the above.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

6. Objective(s) of KYC is/are…………..

a) To ensure appropriate customer identification.

b) To monitor transaction of suspicious nature

c) To ensure that the customer would not deceive the bank

d) To ensure if loan is given it would not become a NPA

e) Only (a) and (b)

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

7. Banks appoint a________ who is responsible for submission of reports to FIU-Ind.

a) Designated director

b) Company secretary

c) Principal Officer

d) Compliance officer.

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P&PB 2023 QUIZ-1

1. Principal function of banks are :

2. When a bank lends money to the corporate person the relationship between them is of …..

3. What relationship is created when the bank collects a cheque in clearing?

4. Demand deposits are those which can be withdrawn…………..

5. Merchant bankers are………….

6. Objective(s) of KYC is/are…………..

7. Banks appoint a________ who is responsible for submission of reports to FIU-Ind.

8.Customers are typically categorized in _______ risk categories.

9. Director, FIU-India can take action against_______ for violation of PMLAobligations.

10. Non-profit Organizations Transactions Report pertains to_____ in the accounts of NPOs.

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