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Question 1 reset

KYC is ____

Question 2 reset
The process of money laundering is perpetrated by placement and layering.
Question 3 reset
Objective of KYC guidelines issued by RBI is to control ____
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Is adopting anti money laundering practices compulsory for banks in India?
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PEP in the context of PMLA stands for ____
Question 6 reset
India is not a member of a FATF.
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FCRA means ____
Question 8 reset
Money laundering means conversion of illegal money into legitimate money.
Question 9 reset
Under KYC, accounts cannot be categorised as ____
Question 10 reset
Which of the following refers to the separation of illicit proceeds from their source by creating Complex layers of financial transactions?
Question 11 reset
The branches of commercial banks should report suspicious transactions to ____
Question 12 reset
Strict adherence to KYC norms is achieved through ____
Question 13 reset
STR in the context of PMLA stands for ____
Question 14 reset
The term Hawala is an ____ word.
Question 15 reset
Branches may open accounts for those customers who are not able to provide KYC documents, provided, that total credits submission in all the accounts taken together is not expected to exceed Rs. ____ in a year.
Question 16 reset
Which of the following document/s can be accepted by the banks as address proof of customer identification?
Question 17 reset
In case of societies, the important document to be verified is ____
Question 18 reset
Letter of thanks is sent to introducer(s) because it is assisting banks in verification of genuineness of account opened.
Question 19 reset
While opening an account in case of partnership firm one of the vital document to be produced by the firm is ____
Question 20 reset
Branches should not open deposit / advances accounts of banned / terrorist organisations as circulated by ____

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