In case of Loan form bank, The relation between Bank & Customer is:

• Creditor-Debtor

• Debtor-Creditor

• Loan-Loanee

• Agent-Principal

What are the different Stages of Money laundering:

• Placement

• Layering

• Integration

• All of the above

Sec. 4 of PMLA stipulates the punishment for money laundering offence, which is rigorous imprisonment for not less than _______ years but up to __________years

• 3, 5

• 3, 7

• 5, 5

• 5, 7

What is the full form of FATF

• Fraud Action Task Force

• Financial Action Transaction Force

• Financial Action Task Force

• Fraud Action Tailored force

Cash transaction of Rs._________ Lakh or more are required to be submitted for each calendar month by the 15th of the following month to FIU-IND

• 5

• 20

• 15

• 10

Bank A allows one of its client to withdraw against clearing of a cheque. The banker iscalled as

• Collecting & Paying bankers

• Holder for value

• Holder in due course

• Reimbursement banker

Non Resident External Rupee Account (NRE) account can be opened in forms of ................

• savings

• current

• recurring or fixed deposit account

• All of the above

Maximum tenor of foreign Currency (Non-resident) Account FDs is _________year

• 1

• 3

• 5

• 10

Maximum amount permitted in a financial year (April to March) is USD ___________ perhead under the Liberalized Remittance Scheme (LRS) introduced in 2004

• 250000

• 100000

• 200000

• 150000

Which of the following sector is prohibited for investment by NRI

• Lottery Business

• Gambling and betting

• Nidhi company

• All of the above