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Practice Banking Operations Questions and Answers

GeM portal deals with?
What are sweat equity shares?
As per section 2(52) of the CGST Act, 2017, the term "Goods" includes
As per Schedule I, any kind of disposal or transfer of business assets made by an entity on a permanent basis qualifies as supply, even though it is withou...
The digital payment system UPI, has been developed by which of the following institutions?
In India, the primary legal framework for Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) is provided by _________.
According to RBI's KYC Directions, if KYC/AML standards differ between RBI and a host country regulator for foreign branches of Indian banks, which standar...
Which document or act allows the RBI to issue specific KYC Directions to ensure public interest?
Under the RBI’s KYC guidelines, “beneficial owner” for a company is identified as _________.
According to RBI, which of the following is considered an “Officially Valid Document” (OVD) for KYC purposes?
In the context of wire transfers, who is defined as the “Beneficiary” according to RBI’s KYC guidelines?
According to RBI’s KYC Directions, which account type can have relaxed identification requirements under specific circumstances?
What is the role of the Financial Action Task Force (FATF) in the context of global financial regulations?
Which of the following risk assessment measures is required by Regulated Entities (REs) for monitoring and managing money laundering (ML) and terrorist fin...
What is the maximum aggregate balance allowed in accounts opened using Aadhaar OTP-based e-KYC in non-face-to-face mode?
What is the maximum aggregate withdrawal limit for a small account per month where KYC is not completed ?
Which of the following is not allowed in small accounts?
What is the maximum term loan sanction permitted for Aadhaar OTP-based e-KYC accounts?
What is required for conducting V-CIP (Video-Based Customer Identification Process)?
Which portal monitors outstanding dues to MSEs?
What is the minimum duration for which a small account can remain operational after opening without furnishing an Officially Valid Document (OVD)?
What is the threshold aggregate annual credit limit for deposit accounts opened using Aadhaar OTP-based e-KYC?
A bank finds it difficult to repay the short term deposits on maturity because the funds of the bank are locked in ____
The CIBIL MSME Rank (CMR) is a credit score that helps lenders assess the risk of lending to MSMEs. What is the scale used for CMR?
Within how many days should payment to an MSME supplier be made to allow it as an expense, for the computation of income under Income Tax Act?
As per the Nayak committee, what percentage of its annual projected turnover should a n MSME get as working capital from a bank?
Which of the following entities was formed to identify and check fraudulent activity in lending transactions against equitable mortgages?
Who is responsible for ensuring compliance with the obligations imposed under Chapter IV of the PML Act and for reporting to the Financial Intelligence Uni...
What is a primary condition under RBI guidelines for REs when onboarding non-resident customers with limited KYC documentation?
What is the primary role of the Central KYC Records Registry (CKYCR)?
When REs use Aadhaar for customer verification in offline mode, what is mandatory according to RBI guidelines?
In cases where REs are unable to meet Customer Due Diligence (CDD) requirements due to a customer’s lack of cooperation, what is the recommended action? ...
Which of the following would not affect bank reconciliation?

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