Banking awareness quiz 58 (On KYC)

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Q 1) KYC is the customer identity and address verification process prior to opening the account , What is the fullform of KYC ?

Know Your Counter

Kindness towards Your Customer

Know Your Consumer

Know Your Customer

Q 2) Which of the following category of customers are not existed in banking system ?

No risk Customers

Low risk Customers

Medium risk Customers

High risk Customers

Q 3) What is the type of account opened for customers if one doesn't satisfy KYC Norms ?

Savings Account

No frill Account

Small Account

Dornmant Account

Q 4) Which of the doesn't comes under Officially valid document for identity proof ?

NRGEA Card

Pan Card

Current Bill

Passport

Q 5) What is the process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source ?

Capital Fraud

Money Fraud

Anti Money laundering

Money laundering

Q 6) KYC is required for the demand drafts of Rs ________.

25,000 and above

50,000 and above

10,000 and above

1,00,000 and above

Q 7) Balance in small accounts at any point of time should not exceed ______.

Rs.50,000

Rs.25,000

Rs.80,000

Rs.75,000

Q 8) Total credits in small accounts in one year should not exceed _______.

Rs.10,000

Rs.1,00,000

Rs.50,000

Rs. 25,000

Q 9) Total withdrawal and transfers for small accounts in a month should not exceed ______.

Rs.1,00,000

Rs.25,000

Rs.50,000

Rs.10,000

Q 10) Initially allowing all credits and disallowing all debits while giving an option to you to close the account and take your money back , This process is knows as ______.

Temporory freezing

Temporory Blocking

partial Blocking

partial freezing

Take More Banking Awareness Quizzes from below

• Banking awareness quiz 60(On NRI Accounts)
• Banking awareness quiz 59(On ATM's)
• Banking awareness quiz 57(On Bank Accounts - 2)
• Banking awareness quiz 56(On Bank Accounts)
• Banking awareness quiz 55(On previously asked questions - 6)

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