MCQ- Baroda Academy Ernakulam

The security feature of CTS 2010 cheque mentioning BANK OF BARODA followed by ACCOUNT NUMBER” of the customer is _____

• Void pantograph
• Micro Lettering
• Water mark
• Printers name

Answer explanation

Jupiter is a gas giant made primarily of hydrogen and helium. Unlike terrestrial planets that have solid surfaces, gas giants like Jupiter don't have a well-defined solid surface, allowing them to accumulate more mass in a gaseous form. This composition has allowed Jupiter to grow significantly larger than planets with solid surfaces.

The Banking Ombudsman scheme is introduced under which of the following sections of Banking Regulation Act, 1949

• Section 35 A
• Section 30 A
• Section 25 A
• Section 40 A

It is mandatory to refer all the rejected (partially /wholly) complaints to _______ before communicating the Bank's decision to the customer.

• RBI
• Internal Complaints Committee
• Internal Ombudsman
• None of the above

The TAT defined for examination of RBIO complaints by internal ombudsman is ____ working days.

• 7
• 5
• 3
• 2

The maximum period within which customer can file a complaint with the Ombudsman if no satisfactory reply was received from the bank is __________

• 3 months
• 6 months
• 1 year
• 13 months

Identify which of the following types of complaints are classified as non-maintainable complaints as per the Integrated Ombudsman Scheme

• Complaints which have been lodged with the Bank, but a period of 30 days has not elapsed
• Case is pending in the court
• a)Case has already been the decided by the court.
• All of the above

The maximum amount that can be awarded by the Ombudsman for mental agony suffered by the complainant is ____

• Rs 50,000
• Rs 1 lac
• Rs 2 lacs
• No such clause

An appeal may be filed by a bank only with the previous sanction of __________ in case of unsatisfactory decision by the RBI Ombudsman.

• Deputy Governor
• ED in-charge of Department of RBI
• CMD or ED or CEO of the bank
• No such provision available

Identify which out the following is not a pillar under the KYC AML Policy.

• Customer Identification procedure
• Customer Due Diligence
• Risk Management
• Monitoring of transactions

Identify which is incorrect wrt CTR

• All series of cash transactions integrally connected month and the aggregate value of such transactions exceed Rupees Ten Lakh
• All cash transactions of the value of more than Rupees Ten Lakh or its equivalent in foreign currency is reported
• Bank files following types of Cash Transactions to FIU-IND
• (CTR) for each month for Bank as a whole is submitted to FIU-IND by 10th of the succeeding month