
IIBF KYC AML Quiz 2

Quiz
•
Professional Development
•
Professional Development
•
Hard
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
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