Dear Aspirants,
Welcome
to Mentor for Bank Exams. Today here we are providing all the important
questions based of Know Your Customer in Banking Awareness Quiz Section. These
questions will definitely help you in preparing for the upcoming Bank and
Insurance Exams.
1. What is the full form of KYC?
a. Know Your Company
b. Know Your Customer
c. Know Your Custodian
d. Know Your Current-Account
Answer: B)
2. Which of the followings are necessary for
KYC?
a. Identity
b. Address
c. Photograph and Signature
d. All of the above
Answer: D)
3. Which of the followings are Officially Valid
Documents (OVD) for identity proof?
i. Passport
ii. Driving License
iii. EPIC Card
iv. PAN Card
v. Ration Card
vi. Aadhar Card
vii. NREGA Card
a. All except (vii)
b. All except (v)
c. All except (v) and (vii)
d. All except (iii)
Answer: B)
4. If a customer doesn't have any Official Valid
Documents (OVD) for KYC, then -
a. A Current account can be opened for him
b. A Small Account can be opened for him
c. A Savings Account can be opened for him
d. A BSBDA Account can be opened for him
Answer: B)
5. What is the time period / validity for a
Small Account without OVD?
a. 6 months
b. 12 months
c. 18 months
d. 24 months
Answer: B)
6. Currently, for e-KYC, which of the following
is must?
a. EPIC card number
b. Aadhar card number
c. Passport file number
d. Mobile phone number
Answer: B)
7. What is the maximum account balance at any
point of time in Small Account?
a. Rs. 50,000
b. Rs. 1 lakh
c. Rs. 25,000
d. Rs. 2 lakh
Answer: A)
8. Small account (without OVD), can be extended
for a certain period of time, if customer provides the proof that he has
applied for OVD. What is the extension period?
a. 6 months
b. 12 months
c. 2 years
d. 5 years
Answer: B)
9. PAN (Permanent Account Number) card
information is maintained by -
a. Union Home Ministry
b. Income Tax Department, CBDT
c. Ministry of External Affairs
d. CBEC
Answer: B)
10. PAN card is mandatory for -
a. Income Tax returns
b. Tax Deduction at Source (TDS)
c. bank deposits above Rs. 50,000
d. All of the above
Answer: D)
