IBPS RRB Banker-Customer Relationship — practice questions
53 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice IBPS RRB Banker-Customer Relationship in the app →For an ordinary deposit, the banker-customer relationship is:While collecting a cheque for a customer, the bank acts as:Customer due diligence means identifying the customer and the:Which document is an officially valid document?A customer using a deemed OVD must give a current address OVD within:A name change after issue still leaves a document valid if backed by a:KYC records in digital form are held by the:The unique code the registry assigns a customer is the KYC:Who ensures the bank's overall compliance under the PML Act?The Principal Officer may also be nominated as the Designated Director:The names of both officers are communicated to RBI and:V-CIP identifies a customer through a live interaction and:A compliant V-CIP is treated as being on par with:For a company, controlling ownership interest means more than:Control includes the right to appoint the majority of the:Beneficial owner identification is not needed for a customer that is:Total credits to a small account in a financial year may not exceed:Withdrawals and transfers from a small account in a month may not exceed:A small account must be opened only at a branch linked to:What does a bank obtain from a small account holder at opening?Risk categorisation of a customer is kept:Risk categorisation of accounts is reviewed at least once every:KYC of a high risk customer must be updated at least once in:KYC of a low risk customer must be updated at least once in:KYC of a medium risk customer must be updated at least once in:The Customer Acceptance Policy must not deny facilities to the:When an application is rejected the officer must record the:Which transaction type must be monitored closely?Alerts on inconsistent transactions are generated by:A bank may collect an account payee cheque only for the:Which body sets the global standards against money laundering?The Financial Action Task Force was established in:India's legal framework against money laundering rests on the:Identifying and verifying a customer and beneficial owner is called:For a partnership firm, a beneficial owner holds more than:For an unincorporated association, a beneficial owner holds more than:In a trust, beneficiaries are identified if their interest is at least:If no natural person can be identified, the beneficial owner is the:KYC records are stored in digital form by the:The unique code the registry assigns to a customer is the:Which of these is an officially valid document?A customer using a deemed OVD must produce a full OVD within:A document remains an OVD after a name change if backed by a:A small account is a form of which account?Identification through a live audio-visual interaction is called:A customer acceptance policy must not deny banking to the:KYC of a high risk customer must be updated at least once every:KYC of a medium risk customer must be updated at least once every:KYC of a low risk customer must be updated at least once every:KYC done at one branch is valid when the account moves to:A customer may have KYC updated at:At periodic updation the bank verifies PAN details from the:If the CDD documents have expired, the bank must run KYC equal to: