Professional Documents
Culture Documents
Aml Objectives
Aml Objectives
A.Rs.5 lacs & above B. Rs.8 lacs & above C. Rs.10 lacs & above D. No such limit
2. Submission of details of PAN (Permanent Account Number) is compulsory for Fixed Deposits,
Remittances, such as, DDs / TTs/ Rupee TCs, etC., if the amount exceeds –
5. Maximum punishment by way of imprisonment for the offence committed under Money
Laundering Act is -
6. “Smurfing” means -
B. to ascertain whether the employee is having any contacts with illegal organisations
C. strict Implementation of the Banks Systems and procedures while opening the accounts
11. Which of the following transactions is/are not consistent with a salaried customer’s account?
C. High value transactions routed through the account with high frequency
12. Which of the following transactions is/are suspicious from AML angle -
C. Frequent deposits of cash into the account by persons other than the account holder or
his authorised representative
13. While accounts are transferred from one branch to another, the receiving branch is expected to
comply with KYC Norms. Which one of the following is/are correct in this regard?
A. Detailed verification of Customer Profile as received from the earlier branch is to be done
with caution
B. Detailed verification is not needed but the account is opened immediately and informed
to the customer
D. No transaction is to be permitted for the first six months till the customer is fully know to
the bank
14.One of the sources that is available to identify the correctness of the information given by the
New Customer of the Commercial Bank is -
15. Which of the following is a source of identification of new customer who is not having any valid
documents such as, passport, etC.
A. Introduction from the third person having an account with the bank /branch
C. Self–declaration given by the new customer along with other opening forms
17. Is adopting Anti Money Laundering practices compulsory for Banks in India?
19. Which of the following is the cardinal rule for bankers in anti-money laundering efforts -
21. While opening an account in the name of a company, the following document/s is/are to be
obtained -
22. How many recommendations were made by FATF on anti money laundering -
23. For opening accounts in the case of Joint Hindu Undivided Family (JHUF), the following
document/s is/are important -
24. While opening an account in case of partnership firm, one of the vital document to be produced
by the firm is -
25. Cash cannot be accepted for issue of DDs/TTs/Rupee TCs from the customers for Rs. ____
27. Maximum punishment by way of imprisonment for the offence committed under Money
Laundering Act is -
29. Maximum retention period of the bank records in case of suspicious transactions is -
32. Role of the front line employees of a bank in respect of KYC guidelines is to -
33. Which of the following transactions is/are not consistent with a salaried customer’s account?
A. Frequent deposits of cash in large sums by third parties
C. High value transactions routed through the account with high frequency
C. Frequent deposits of cash into the account by persons other than the account holder or
his authorized representative
35. While accounts are transferred from one branch to another, the receiving branch is expected to
comply with KYC Norms. Which one of the following is/are correct in this regard?
A. Detailed verification of Customer Profile as received from the earlier branch is to be done
with caution
B. Detailed verification is not needed but the account is opened immediately and informed
to the customer
D. No transaction is to be permitted for the first six months till the customer is fully know to
the bank
B. Frequent deposits of large sums of money bearing labels of other banks into the account
C. Request for closure of newly opened accounts where high value transactions are routed
through D. All of the above
37. For effective implementation of “Know Your Employee”, measures to be adopted by the banks
are -
A. Depositing high value third party cheques endorsed in favour the account holder
B. Sudden increase in cash deposits
40.Which of the following document/s that can be accepted by the Banks as a proof of Customer
Identification -
41.Which of the following is a source of identification of new customer who is not having any valid
documents such as, passport, etC.
A. Introduction from the third person having an account with the bank /branch
C. Self–declaration given by the new customer along with other opening forms
42. KYC is --
44.What is the level of risk of Money Laundering in a Liability product (e.g., deposits)?
A. laid down in the banks’ manual B. a routine practice followed by banks for years
46.While opening an account in the name of a company, the following document/s is/are to be
obtained - A. Organisation Chart of the company B. Roles and responsibilities of the Company
47.Due diligence is done at the time of opening an account to enable banks to ensure -
48. For opening accounts in the case of Joint Hindu Undivided Family (JHUF), the following
document/s is/are important -
49. While opening an account in case of partnership firm, one of the vital document to be produced
by the firm is -
50. The amount beyond which cash transactions (Receipts & Payments) are to be monitored by the
Commercial Banks as stipulated by the RBI in its guidelines is -
A. Rs.5 lacs & above B. Rs.8 lacs & above C. Rs.10 lacs & above D. No such limit
51. Submission of details of PAN (Permanent Account Number) is compulsory for Fixed Deposits,
Remittances, such as, DDs / TTs/ Rupee TCs, etC., if the amount exceeds -
53. Banks are made accountable for opening an account in the name of terrorist organisation under -
----- of POTA 2002
54.Which of the following is/are the terrorist organisation/s notified under POTA, 2002
A. Khalistan Zindabad Force B. Deendar Anjuman C. All Tripura Tiger Forc D. All of these
B. to ascertain whether the employee is having any contacts with illegal organisations
D. All of these
58. Maximum retention period of the bank records in case of suspicious transactions is -
60. Role of the front line employees of a bank in respect of KYC guidelines is to -
61. Name the software available in the market for KYC implementation -
B. Frequent deposits of large sums of money bearing labels of other banks into the account
C. Request for closure of newly opened accounts where high value transactions are routed
through D. All of the above
64. One of the sources that is available to identify the correctness of the information given by the
New Customer of the Commercial Bank is -
C. To increase competition among the public sector and private sector banks
66. Which of the following document/s that can be accepted by the Banks as a proof of Customer
Identification -
A. Electricity Bill B. Salary Slip C. Income/Wealth Tax Assessment Order D. All of the above
67. Which of the following is a source of identification of new customer who is not having any valid
documents such as, passport, etC.
A. Introduction from the third person having an account with the bank /branch
C. Self–declaration given by the new customer along with other opening forms
68. Is adopting Anti Money Laundering practices compulsory for Banks in India?
70. Which of the following is the cardinal rule for bankers in anti-money laundering efforts -
71. While opening an account in the name of a company, the following document/s is/are to be
obtained -
C. Authentication / verification of signature made by friends of the NRI who are staying
abroad D. All of the above
75. The amount beyond which cash transactions (Receipts & Payments) are to be monitored by the
Commercial Banks as stipulated by the RBI in its guidelines is -
A. Rs.5 lacs & above B. Rs.8 lacs & above C. Rs.10 lacs & above D. No such limit
76.In computerised branches, suitable filters are required in the software for the purpose of -
A. calculating the correct rate of interest B. printing out the customer profiles
77.Banks are made accountable for opening an account in the name of terrorist organisation under -
----- of POTA 2002
79. Maximum punishment by way of imprisonment for the offence committed under Money
Laundering Act is -
B. to ascertain whether the employee is having any contacts with illegal organisations
C. to ascertain whether the employee is assisting organisations banned by statutory authorities
D. All of these
83. Maximum retention period of the bank records in case of suspicious transactions is -
C. Verification of newly opened accounts and their transactions D. All of the above
C. strict Implementation of the Banks Systems and procedures while opening the accounts
86. For effective implementation of “Know Your Employee”, measures to be adopted by the banks
are -
A. Depositing high value third party cheques endorsed in favour the account holder
88. Which of the following objective/s is/are important under new KYC Norms?
90. Is adopting Anti Money Laundering practices compulsory for Banks in India?
A. Yes B. No C. Not Sure D. Will be made compulsory soon
A. laid down in the banks’ manual B. a routine practice followed by banks for years
93.FATF is located at -
94. One of the important steps to be taken while opening NRI accounts is ……… by the bank branch
C. Authentication / verification of signature made by friends of the NRI who are staying
abroad D. All of the above
96.For opening accounts in the case of Joint Hindu Undivided Family (JHUF), the following
document/s is/are important -
97. In computerised branches, suitable filters are required in the software for the purpose of -
A. calculating the correct rate of interest B. printing out the customer profiles
B. to ascertain whether the employee is having any contacts with illegal organisations
C. strict Implementation of the Banks Systems and procedures while opening the accounts
100. Role of the front line employees of a bank in respect of KYC guidelines is to -
101. While accounts are transferred from one branch to another, the receiving branch is expected to
comply with KYC Norms. Which one of the following is/are correct in this regard?
A. Detailed verification of Customer Profile as received from the earlier branch is to be done
with caution
B. Detailed verification is not needed but the account is opened immediately and informed
to the customer
D. No transaction is to be permitted for the first six months till the customer is fully know to
the bank
B. Frequent deposits of large sums of money bearing labels of other banks into the account
C. Request for closure of newly opened accounts where high value transactions are routed through
103. For effective implementation of “Know Your Employee”, measures to be adopted by the banks
are -
C. To increase competition among the public sector and private sector banks
105. Which of the following is a source of identification of new customer who is not having any valid
documents such as, passport, etC.
A. Introduction from the third person having an account with the bank /branch
C. Self–declaration given by the new customer along with other opening forms
106. Which of the following is the cardinal rule for bankers in anti-money laundering efforts -
A. Know Your Customer & Know Your Employee B. Know the Customer of the other Banks
108. Due diligence is done at the time of opening an account to enable banks to ensure -
B. correctness of the various denominations of notes given by the customer while opening
an account
111. One of the important steps to be taken while opening NRI accounts is ……… by the bank branch
112. For opening accounts in the case of Joint Hindu Undivided Family (JHUF), the following
document/s is/are important -