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Banking Assessment - 1

Question 1 of 3

Q1 . Tick the correct answer: Credit confirmation of the remittances sent by ________________.

Q2 . State True or False: The main objective for following the KYC is to enable the Bank to have positive identification of its relationship

Q3 . Tick the correct answer: The documents required for KYC are _______________________________.

Q4 . Tick the correct answer: Some proofs of Identity & Address for Individuals are __________________.

Q5 . State True or False: Individuals, firms or corporates maintaining accounts with a bank branch can transfer funds using NEFT.

Q6 . Tick the correct answer: KYC is _____________________________.

Q7 . Tick the correct answer: KYC is carried out at the following stages _______________________________.

Q8 . Tick the correct answer: All banks are advised by ______________ to follow the KYC guidelines.

Q9 . Tick the correct answer: Would the remitting customer receive an acknowledgement of money credited to the beneficiary's account?( RTGS)

Q10 . Tick the correct answer: NEFT is ______________________________.

Q11 . State True or False: Customers can open small deposits accounts by getting introduced by existing fully KYC compliant account as also attestation of address / photograph by him.

Q12 . Tick the correct answer: Full form for KYC is _________________.

Q13 . Tick the correct answer: IFSC is ___________________________.

Q14 . Tick the correct answer: STR is ______________________.

Q15 . Tick the correct answer: FIU-IND is ____________________________.

Q16 . Tick the correct answer: For being part of the NEFT funds transfer network, a bank branch has to be ______________ enabled.

Q17 . State True or False: Small deposit accounts are those accounts where, Balance does not exceed Rs. 50,000/- and Annual turnover does not exceed Rs. 1,00,000/-

Q18 . State True or False: The documents which are used for identity for individuals are Pan card, ID of reputed company.

Q19 . Tick the correct answer: The documents which are used for address for individuals are ________________.

Q20 . Tick the correct answer: The maximum amount per transaction is limited to Rs.____________ for cash-based remittances and remittances to Nepal.

Q21 . Tick the correct answer: Being asked for KYC documents does not imply that the customers are suspected of _____________.

Q22 . Tick the correct answer: NEFT operates in hourly batches - there are ________settlements from 8 am to 7 pm on week days (Monday through Friday) and ________ settlements from 8 am to 1 pm on Saturdays.

Q23 . Tick the correct answer: The time taken for effecting funds transfer from one account to another under RTGS is _________________.

Q24 . Tick the correct answer: CTR is _____________________.

Q25 . State True or False: In case of NEFT, the remitter need not send the physical cheque or Demand Draft to the beneficiary.

Q26 . Tick the correct answer: Credit confirmation of the remittances sent by ________________.

Q27 . State True or False: The main objective for following the KYC is to enable the Bank to have positive identification of its relationship

Q28 . Tick the correct answer: The documents required for KYC are _______________________________.

Q29 . State True or False: Individuals, firms or corporates maintaining accounts with a bank branch can transfer funds using NEFT.

Q30 . Tick the correct answer: KYC is _____________________________.

Q31 . Tick the correct answer: KYC is carried out at the following stages _______________________________.

Q32 . Tick the correct answer: All banks are advised by ______________ to follow the KYC guidelines.

Q33 . Tick the correct answer: Would the remitting customer receive an acknowledgement of money credited to the beneficiary's account?( RTGS)

Q34 . Tick the correct answer: NEFT is ______________________________.

Q35 . State True or False: Customers can open small deposits accounts by getting introduced by existing fully KYC compliant account as also attestation of address / photograph by him.

Q36 . Tick the correct answer: Full form for KYC is _________________.

Q37 . Tick the correct answer: IFSC is ___________________________.

Q38 . Tick the correct answer: STR is ______________________.

Q39 . Tick the correct answer: FIU-IND is ____________________________.

Q40 . Tick the correct answer: For being part of the NEFT funds transfer network, a bank branch has to be ______________ enabled.

Q41 . State True or False: Small deposit accounts are those accounts where, Balance does not exceed Rs. 50,000/- and Annual turnover does not exceed Rs. 1,00,000/-

Q42 . State True or False: The documents which are used for identity for individuals are Pan card, ID of reputed company.

Q43 . Tick the correct answer: The documents which are used for address for individuals are ________________.

Q44 . Tick the correct answer: The maximum amount per transaction is limited to Rs.____________ for cash-based remittances and remittances to Nepal.

Q45 . Tick the correct answer: Being asked for KYC documents does not imply that the customers are suspected of _____________.

Q46 . Tick the correct answer: NEFT operates in hourly batches - there are ________settlements from 8 am to 7 pm on week days (Monday through Friday) and ________ settlements from 8 am to 1 pm on Saturdays.

Q47 . Tick the correct answer: The time taken for effecting funds transfer from one account to another under RTGS is _________________.

Q48 . Tick the correct answer: CTR is _____________________.

Q49 . State True or False: In case of NEFT, the remitter need not send the physical cheque or Demand Draft to the beneficiary.