Quiz for IOB Promotion Exam 2023-24 Jan 10, 2024Jan 13, 2024 Mock Test on General Banking Start QuizPage 1 of 21 Who among the following cannot avail locker facility from the bank? HUF Partnership firm Visually impaired Trust None of these Page 2 of 21 Which of the following criterias to be met for break opening of lockers? Rent remains unpaid for 3 (three) consecutive years. Locker remains inoperative for a period of 7 (seven) years or more. Orders from the Court or appropriate competent authority to seize lockers. Hirer loses the key and requests for breaking open the locker. All of these Page 3 of 21 RBI issues KYC/AML/CFT guidelines under? Section 35A of RBI Act, 1934 Section 35A of Banking Regulation Act,1949 Section 47A of RBI Act, 1934 Section 47A of Banking Regulation Act,1949 Page 4 of 21 Which of the following is an alternate method of customer identification and CDD by an official of the bank by undertaking seamless, secure, live, informed consent based audio-visual interaction with the customer? M – CIP V – CIP E – CIP V-CDD Page 5 of 21 What level of risk perception is assigned to Blind & Pardanashin women? Low Risk Medium Risk High Risk Exceptionally High Risk Page 6 of 21 REKYC for high risk customers shall be conducted once in _____ years? 2 3 5 8 10 Page 7 of 21 The paying banker gets protection under Section 85 of NI act provided the: Payment is a payment in due course in good faith and without negligence Payment is made as per the apparent tenor of the instrument Applicable to both order and bearer cheques All of the above. Page 8 of 21 What is the maximum STTL limit in case of Corporate RIP category? Rs. 4 lacs Rs.25 Lacs Rs. 33 Lacs Rs. 50 Lacs Based upon the turnover of the firm Page 9 of 21 What is the cut off limit beyond which all the suspicious transactions are to be reported? More than Rs. 1 lakh More than Rs. 5 lakhs More than Rs. 10 lakhs Rs. 10 lakhs and above No such limit Page 10 of 21 Under SPGRS what is the time limit for redressal of complain related to Deficiency in normal banking service? 7 <=7 <=15 <=30 30 Page 11 of 21 Under SPGRS what is the time limit for redressal of complain related to Staff attitude deficiency? 7 <=7 <=15 <=30 30 Page 12 of 21 Under SPGRS what is the time limit for redressal of complain related to ATM transaction complains? 7 <=7 <=15 <=30 30 Page 13 of 21 What is the name of the channel for Grievance received through complain management portal of ministry of consumer affairs? SPGRS RBI-BO CPGRAMS INGRAMS None of these Page 14 of 21 What is the maximum amount that is covered under DICGC? 3 Lakhs 5 Lakhs 8 Lakhs 10 Lakhs None of the above Page 15 of 21 Expand DICGC? Deposit insurance and claim guarantee corporation Deposit interest and corporate guarantee company Deposit Insurance and claim guarantee coverage Deposit insurance and credit guarantee corporation Page 16 of 21 Complaint can be made by the customer to Ombudsman within ____ from the date of receipt of unsatisfactory reply from bank and within _____ if not receive any reply from the bank to his representation. 01 Year, 01 year & 01 month 01 Year, 02 year & 01 month 02 Years, 01 year & 02 months 03 months, 01 year 06 months none of the above Page 17 of 21 Banking Ombudsman may pass an award as compensation for any loss suffered by the complainant is limited to the amount arising directly out of the act or omission of the bank or Rs ______, whichever is lower and ______ for mental agony and harassment. 20 lakhs, 02 lakh 10 lakhs, 02 lakh 20 lakhs, 01 lakh 10 lakhs, 50 Lakhs None of these Page 18 of 21 How many notes and up to what value of soiled notes can be exchanged over the counter of Bank Branch? 20 notes up to value of Rs.5000 10 notes up to value of Rs.5000 50 notes up to value of Rs.20000 20 notes up to value of Rs.2000 Any no of notes Page 19 of 21 Bank shall report all frauds of Rs. …. lakh and above to the bank board promptly after detection. 1 3 5 10 Page 20 of 21 Fraud of amount above Rs. 1 L to below Rs. 3 Cr to be reported to which agency for public sector bank CBI State police SFIO EOW ED Page 21 of 21 Fraud of amount above Rs.3 crore and above and up to Rs.25 crorer to be reported to which agency for public sector bank CBI State police SFIO EOW ED Ready to send
