BC / BF EXAM (IIBF) Series -40 (PROBABLE QUESTIONS AND ANSWERS)
Chapter-17; Risk and Fraud Management
1. BCA provides a banking service to targeted people.
Due to the poor service of BCA, the bank's name and image among the tarnished. This
is a _____________risk.
A.
contractual
B.
concentration
C.
reputation
D.
compliance
2. Which one of the following is included in the DO's
for a BCA?
A.
BCA should maintain the
confidentiality and the secrecy of the customer information
B.
BCA should indulge in local
politics
C.
BCA should treat his/her
customers differently according to their caste, creed or sex
D.
BCA should not do the transaction
with financially excluded people
3. BCA tries to breach of bank records and gets access
to confidential documents. This is ____________risk.
A.
reputation
B.
compliance
C.
strategic
D.
access
4. If the BCA hinders the ability of the regulated entity to
provide timely data and other information, it is termed as Contractual risk.
A.
True
B.
False
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| BANKING AWARENESS |
5. If the BCA has inadequate expertise to oversee the
service provider, it is termed as Strategic risk.
A.
True
B.
False
6. In ATM transaction if the customer uses wrong PIN
continuously for _________times, the transaction stops without instruction.
A.
five
B.
three
C.
one
D.
two
7. In an online transaction, banks provide OTP(ONE TIME
PASSWORD) and the same should not be shared by the customer with
_________party.
A.
1st
B.
2nd
C.
3rd
D.
4th
8. Mis-selling advertisement through mobiles create an unnecessary burden on the customers.
A.
True
B.
False
9. An effective fraud management approach is one that
focuses on 3 points. Choose the ODD ONE OUT.
A.
Prevention
B.
Detection
C.
Response
D.
Calculation
10. An agent shall carry out a transaction when a
transactional receipt or acknowledgment cannot be generated.
A.
True
False
Chapter-18;
PMJDY, PMJJBY, PMSBY, APY
1. What is the monthly installment (as his
contribution) to be paid by a person if he joins APY at the age of 18 years and
he wants to get a minimum monthly pension of Rs 5000 per month at the age of 60
years?
A.
Rs 291
B.
Rs 240
C.
Rs 210
D.
Rs 126
2. Banks have assigned __________ for opening of
Basic Savings Bank Deposit Accounts under financial inclusion through Business
correspondents.
A.
Scheme Codes
B.
Personal
Identification Number
C.
Aadhar Number
D.
PRAN
3. EBT stands for _____________________
A.
Economic Benefit
Transfer
B.
Extra Benefit
Transfer
C.
Electronic Benefit
Transfer
D.
Electronic Board for
Transaction
4. PoS Machine is a small device installed at
almost all Business Centres to facilitate cashless purchases to their
customers. PoS stands for ____________________
A.
Payment on Sale
B.
Point of Sale
C.
Point of Settlement
D.
Purchase and Sales
5. ATM is one of the banking channels. Here, the
abbreviation "ATM" refers to ___________
A. Any Time Machine
B. Automated Teller
Machine
C.
Automated Transaction
Money
D.
All Time Money
6. Under e-KYC, the AADHAR KYC service at UIDAI
authenticates customer's __________.
A.
Data
B.
Movement
C.
only bank account
number
D.
none of these
7. Can a minor open an account under PMJDY?
A.
a minor of above the
age of 18 years can open his/her Savings Bank account in any bank
B.
a minor of above the
age of 10 years can open his/her Savings Bank account in any bank
C.
a minor of above the
age of 12 years can open his/her Savings Bank account in any bank
D.
a minor cannot open
the account under the scheme
8. The age for coverage under the scheme of life
insurance cover under PMJDY is_____________
A.
age group 21 to 59
B.
age group 18 to 59
C.
age group 18 to 60
D.
age group 21 to 60
9. The sum assured for the Life Insurance cover
provided under the PMJDY scheme is _________
A.
Rs 30000
B.
Rs 5000
C.
Rs 25000
D.
Rs 100000
10. Under PMJDY overdraft facility will be
allowed in the SB accounts_______________
A.
as running OD
facility for 36 months subject to an annual review of account
B.
as running OD
facility for 12 months subject to an annual review of account
C.
as running OD
facility for 24 months subject to an annual review of account
D.
as running OD the facility as the account holder prefers
Chapter-19;
Centre Government and Local Government Sponsored Schemes;
1. Which one of the following program was
replaced by National Rural Livelihood Mission?
A.
SGSY
B.
PMGSY
C.
PMAY
D.
PMGKY
2. "Mangalya" refers
to_________________
A.
Central Government
Scheme
B.
Widow Remarriage
Scheme
C.
Assam Government
Scheme
D.
Karnataka Government
Mid Day Meal Scheme
3. PMAY-G is a _________________
A.
cattle shed scheme
B.
urban housing scheme
C.
rural housing scheme
D.
only a self
employment scheme
4. DDU-GKY means _______________
A.
DeendayalUpadhyayaGrameenKaushalyaYojana
B.
DeendayalUpadhyayaGrameenKalyanYojana
C.
DeendayalUpadhyayaGrameenKutirYojana
D.
DeendayalUpadhyayaGruhaKalyanYojana
5. Which one of the following is not included in
"Panchasutra" of a good SHG?
A.
regular meetings
B.
regular savings
C.
regular internal
lending
D.
regular attendance
and discussion on social issues
6. One of the major reason why people in rural
areas never wanted to open a bank account was
A.
Too much distance
they had to cover to reach a bank
B.
Too much money they
had to deposit
C.
Too much
documentation was needed to open a bank account
D.
All of the above
7. One of the Major Step to improve financially
Inclusion is _________________
A.
Setting a post office
in every village
B.
Setting a bank account
in every bank
C.
Opening of Jan Dhan
Account
D.
NONE OF THESE
8. One of the major roles of the BCBF agent is
_______
a. To Sell financial products
b. To create
awareness about banking
c.To help rural people to get loans
d.All of the above
e.Only option b
9. One of the major issue with rural branches of
banks is _______________
A.
Urbanized staff (
People from Cities )
B.
No Staff at all
C.
Untrained Staff ( No
Training of Staffs)
D.
None of the above
The bold option is the correct answer.
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