KYC Fraud Awareness Quiz

What is a common red flag in a fake Aadhaar card?

• Spelling errors

• Incorrect QR code

• Mismatched DOB & name

• All of the above

Which method is NOT effective in detecting fake identity proof?

• Cross-verifying with government databases

• Checking for watermarks and holograms

• Verifying through social media profiles

• Conducting in-person verification

What is a common fraud method using fake KYC documents?

• Identity theft for loans

• ATM skimming

• Phishing scams

• Ponzi schemes

Which of these is the best way to prevent KYC fraud?

• Manual verification

• AI-based document scanning

• Trusting frequent customers

• Ignoring minor mismatches

What is an unusual sign in a customer's KYC documents?

• Different signatures across documents

• Same phone number in multiple accounts

• Frequent changes in address

• All of the above

What is the RBI-mandated document for KYC compliance?

• PAN card

• Student ID

• Voter ID

• Employment letter

Which of these is a red flag for money laundering in KYC?

• Frequent changes in nominee details

• Single transaction in large amounts

• Consistent salary deposits

• Yearly investment in mutual funds

What should be done if a customer's KYC documents seem suspicious?

• Proceed with the transaction

• Report to the compliance team

• Call the customer for verification

• Ignore if the transaction amount is low

What is an example of synthetic identity fraud?

• Combining real and fake details to create a new identity

• Using stolen debit cards

• ATM skimming

• Loan defaulting

How can technology help in preventing KYC fraud?

• Biometric verification

• Ignoring minor discrepancies

• Approving all government IDs blindly

• Manual verification only