This document appears to be a quiz on Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance for banks. It contains 42 multiple choice questions testing understanding of key concepts such as: e-KYC requirements, customer due diligence procedures, reporting thresholds for suspicious and cash transactions, monitoring high risk customers, and key KYC documents. Correct answers are provided for each question. The document emphasizes that KYC is an ongoing process and highlights important reporting deadlines for transaction reports.

3. 30 seconds time for each question.
1)
5 marks for direct answer.
2)
3 marks for indirect answer.
3)
5 question/group and 5 round
4)
No excuses will granted for delayed answer
5)

4. 1. e-KYC mandatory for which customer?
BSBDA customer
A)
DBTL customer
B)
Saving account customer
C)
BSBDA small account
customer
D)
Answer : Option ‘B’

5. 2. Annexure A1 is required for customer
identity declaration.
Answer : Option ‘False’
True False

6. 3. 1st 8 digits of aadhar should be blacked
out by
Banker
A)
All the above
B)
Customer
C)
None of these
A)
Answer : Option ‘C’

7. 4. Pan is mandatory for transactions undertaken on behalf
of central government?
True False
Answer : ‘False’

8. 5. FVR must be completed within how many days of the
receipt of the completed AOF ?
3 days
A)
15 days
B)
45 days
C)
2days
D)
Answer : Option ‘D’

9. 6. KYC documents are required to open
BSBDA small account.
True False
Answer : ‘False’

10. 7. Cross Border Wire Transfer Report (CBWTR)
Report has to submitted by 31st march.
True False
Answer : ‘False’

11. 8. Maintaining a low balance with high transactions is an
indicative of UNUSUAL TRANSACTION
True False
Answer : ‘False’

12. 09. HIGH RISK CUSTOMERS should update KYC in?
1 years
A)
4 years
B)
2 years
C)
3 years
D)
Answer : Option ‘C’

13. 10. TRAVEL AGENCY is a example of
High risk customers
A)
Low risk customers
B)
Medium risk customers
C)
A & C both
D)
Answer : Option ‘C’

14. 11. Transactions originating from Iran, Pakistan
and countries which are very high RISK countries
_________/______ check to be done prior to
application of remittances.
Answer : Option ‘KYC & AML’

15. 12. KYC means
Know Your Customer
A)
Both A &B
B)
Know your character
C)
None of above
D)
Answer : Option ‘A’

16. 13. No PAN is required for transactions undertaken
on behalf of
C& D BOTH
A)
State government
B)
Trust
C)
Central government
D)
Answer : Option ‘A’

17. 14. Simplified due diligence(SDD) Required for?
Small account
A)
Medium account
B)
Big account
C)
None of above
D)
Answer : Option ‘A’

18. 15. Customer shall submit OVD or Aadhaar with the
address within 3 month.
Answer : Option ‘True’
True False

19. 16. CCR full form-a.
Cash on cash return
A)
Comprehensive Credit
Reporting
B)
counterfeit currency report
C)
None of above
D)
Answer : Option ‘C’

20. 17. Under CBWTR, reporting is required for all cross-
border wire transfer of more than Rs____________.
Answer : Option ‘5 Lacs’

21. 18. Bank review risk customers list after every________
month.
Answer : Option ‘6 months’

22. 19. Politically exposed person is under high risk
customers. (T/F)
Answer : Option ‘False’
True False

23. 20. How many OVD in KYC?
6
A)
4
B)
3
C)
None of these
D)
Answer : Option ‘A’

24. 21. What type of document is PPO?
OVD
A)
Deemed OVD
B)
E-KYC Documnet
C)
None of these
D)
Answer : Option ‘B’

25. 22. Utility bill It should not be more than 3 month as
deemed OVD. (T/F)
Answer : ‘False’
True False

26. 23. Full from of ‘NPR’?
Answer : Option ‘National Population
Register’

27. 24. NREGA is deemed OVD.(T/F)?
Answer : ‘False’
True False

28. 25. Annexure B2 to be attached at the time of account
opening.(T/F)?
Answer : ‘True’
True False

29. 26. The CTR report has to be submitted
On the last day of the
month
A)
within 7 days of close of
watch month
B)
by 15th of succeeding month
C)
None above of these
D)
Answer : Option ‘C’

30. 27. Which one not comes under key element of KYC
standards
Customer Acceptance
Policy
A)
Customer Identification
Procedure
B)
Monitoring of transactions
C)
Independent Verification of
KYC documents
D)
Answer : Option ‘D’

31. 28. PAN card is mandatory for OVD. (T/F)?
Answer : ‘False’
True False

32. 29. The Suspicious Transaction report (STR) has to be
submitted.
Answer : ‘B’
Within 3 days of confirmation
of suspicion
A)
Within 7 days of confirmation
of suspicion
B)
Within 15 days of
confirmation of suspicion
C)
None above of these
D)

33. 30. The Cash transaction Report is to be submitted?
Answer : ‘B’
Every quarter
A)
Every month
B)
Every fortnight
Every half year
D)
C)

34. 31. The Cash Transaction Report (CTR) of banks is
required to be submitted to?
Answer : ‘C’
Reserve Bank of India
A)
Financial Action Task
Force
B)
Financial Intelligence Unit –
India
Ministry of Finance-
Government of India
D)
C)

35. 32. Which of the following document is not officially valid
KYC document?
Answer : ‘C’
Aadhar card
A)
National Population
Register
B)
PAN Card
Job Card issued by NREGA
D)
C)

36. 33. KYC is a ___________?
one time project
A)
to be carried out every
five years
B)
an ongoing process
C)
to be carried out every two
years
D)
Answer : Option ‘C’

37. 34. Who provides CKYC?
CERSAI
A)
UIDAI
B)
NSDL
C)
NREGA
D)
Answer : Option ‘A’

38. 35. What are the stages of Money Laundering?
Answer : ‘Integration, Layering &
Placement. ’

39. 36. I can open a bank account with only aadhar card
.(T/F)?
Answer : ‘True’
True False

40. 37. Bank information customer about the risk
categorisation.(T/F)?
Answer : ‘False’
True False

41. 38. It is compulsory to furnish aadhar card for opening
an account. (T/F)
Answer : ‘False’
True False

42. 39‘ What is the withdrawal limit/month in BSBDA
account?
4 times
A)
10 times
B)
5 times
C)
None of these
D)
Answer : Option ‘B’

43. 40 When we use aadhar card for opening an account
which annexure we should fill?
Annexure A1
A)
Annexure B1
B)
Annexure B2
C)
None of these
D)
Answer : Option ‘B’

44. 41. What is the transaction limit when CTR is reported?
50 lakhs & above
A)
5 lakhs & above
B)
10 lakhs & above
C)
None of these
D)
Answer : Option ‘C’

45. 42. Below 50,000 transaction will be included with
CTR.(T/F)
Answer : Option ‘False’
True False

46. Hope you all have enjoyed.