IIBF KYC AML Quiz 8

What are the documents to be submitted by an individual for establishing an account based relationship with the bank as per the guidelines?

• Aadhaar, PAN Card / Form 60
  

• In case is not available , PAN/Form 60 ,any other OVDs notified by the Govt for establishing customer identity & customer’s address or in case of low risk customers simplified documents stipulated
  

• Photograph
  

• Any of (i.e. a or b) along with c
  

In how many days foreign student has to submit the document of local address and during that period what is the cap of credit as foreign remittance and what is the cap for withdrawal limit

• 30 Days and USD 10,000 & Rs 50,000
  

• 45 Days and Rs 1,00,000/- Rs 25,000/
  

• 30 Days USD 1000 and Rs 50000
  

• 30 Days USD 2,500 and Rs 50,000/
  

Which are the simplified documents acceptable in the case of Low Risk customers for Customer identity?

• Identity card with applicant’s Photograph issued by Central/ State Government Departments, Statutory/ Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, and Public Financial Institutions
  

• a letter issued by a Gazetted officer, with a duly attested photograph of the person
  

• Utility bill which is not more than two months old of any service provider.
  

• a or b
  

Certifying Authorities to certifying OVDs (Official Valid Documents) of NRIs (Non Resident Indians) & PIOs (Persons of Indian Origin) are,

• Authorized officials of overseas branches of scheduled commercial banks registered in India, branches of overseas banks with whom Indian banks have relationship
  

• Notary public abroad, Judge, Court Magistrate, Indian Embassy/Consulate General in the country where the non – resident customer resides
  

• Any Gazetted Officer in India
  

• Any of a & b above
  

Documents to be scanned and uploaded for CKYCR

• ID proof & Address
  

• Proof of Identity Proof of Address Cropped up Signature and Photograph
  

• Signature and Photograph
  

• Application
  

In case of Married Women , any OVD shall be deemed to an ―officially valid document even if there is a change in the name subsequent to its issuance, provided it is supported by

• Marriage certificate issued by the State Government
  

• Gazette notification, indicating such a change of name
  

• a or b
  

• a & b
  

If customer is desirous of receiving any benefit or subsidy under any scheme notified under Section 7 of Aadhaar Act 2016

• Submission & Linking of Aadhaar Number to Account is mandatory
  

• Submission of any of Official Valid document will holds good
  

• Submission of PAN card is Mandatory
  

• Need no to submit any Official Valid Document.
  

What is the procedure for implementation of Section 51A of the Unlawful Activities (Prevention) Act,1967 (UAPA)

• freeze, seize or attach funds and other financial assets or economic resources held by, on behalf of or at the direction of the individuals or entities Listed in the Schedule to the Order, or any other person engaged in or suspected to be engaged in terrorism;
  

• prohibit any individual or entity from making any funds, financial assets or economic resources or related services available for the benefit of the individuals or entities Listed in the Schedule to the Order or any other person engaged in or suspected to be engaged in terrorism;
  

• prevent the entry into or the transit through India of individuals Listed in the Schedule to the Order or any other person engaged in or suspected to be engaged in terrorism
  

• All the above
  

The Unlawful Activities (Prevention) Act define Order means:

• The order which have given power to state authority to search any one
  

• “Order” means the Prevention and Suppression of Terrorism Order 2007
  

• Both a & b
  

• all the above
  

The consolidated list of the UAPA nodal officers should be circulated to the nodal officer of IS-I Division of M A in (MHA stands for Ministry of Home Affairs)

• July every year and on every change.
  

• August every year
  

• Only on every change
  

• All the above