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JAIIB PPB UNIT 1 BANKER CUSTOMER RELATIONSHIP
1. According to Section 5(b) of the BR Act, “Banking” involves accepting deposits for the purpose of: A. Only lending B. Only investment C. Lending or investment D. Social welfare Answer: C 2. Deposits received from the public under Section 5(b) of the BR Act must be: A. Repayable on demand or otherwise B. Non-refundable […]
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JAIIB PPB UNIT 2 MODULE A AML KYC Guidelines
1. According to Section 3 of the PMLA 2002, which of the following constitutes an offence of money laundering? A. Accidentally receiving proceeds of crime B. Knowingly assisting in any activity connected with proceeds of crime and projecting it as untainted C. Reporting a suspicious transaction to the FIU D. Withdrawing 5 lakh in cash […]