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SBI Clerk Banker-Customer Relationship — practice questions — page 2

Explore 74 free Banker-Customer Relationship questions in SBI Clerk Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Banker-Customer Relationship questions and exercises with answers

Showing questions 31–60 of 74.

The Customer Acceptance Policy must not deny facilities to the:Read the answer and worked solution →When an application is rejected the officer must record the:Read the answer and worked solution →Which transaction type must be monitored closely?Read the answer and worked solution →Alerts on inconsistent transactions are generated by:Read the answer and worked solution →A bank may collect an account payee cheque only for the:Read the answer and worked solution →Is it an officially valid document?Read the answer and worked solution →Match each term to what it meansRead the answer and worked solution →Sort each customer by updation cycleRead the answer and worked solution →True or false about KYC rulesRead the answer and worked solution →Fill the gaps in the KYC rulesRead the answer and worked solution →Order the steps of onboardingRead the answer and worked solution →Spot the one that does not fitRead the answer and worked solution →Pick the right answer, quicklyRead the answer and worked solution →Which body sets the global standards against money laundering?Read the answer and worked solution →The Financial Action Task Force was established in:Read the answer and worked solution →India's legal framework against money laundering rests on the:Read the answer and worked solution →Identifying and verifying a customer and beneficial owner is called:Read the answer and worked solution →For a partnership firm, a beneficial owner holds more than:Read the answer and worked solution →For an unincorporated association, a beneficial owner holds more than:Read the answer and worked solution →In a trust, beneficiaries are identified if their interest is at least:Read the answer and worked solution →If no natural person can be identified, the beneficial owner is the:Read the answer and worked solution →KYC records are stored in digital form by the:Read the answer and worked solution →The unique code the registry assigns to a customer is the:Read the answer and worked solution →Which of these is an officially valid document?Read the answer and worked solution →A customer using a deemed OVD must produce a full OVD within:Read the answer and worked solution →A document remains an OVD after a name change if backed by a:Read the answer and worked solution →A small account is a form of which account?Read the answer and worked solution →Identification through a live audio-visual interaction is called:Read the answer and worked solution →A customer acceptance policy must not deny banking to the:Read the answer and worked solution →KYC of a high risk customer must be updated at least once every:Read the answer and worked solution →

Worked practice questions

The Customer Acceptance Policy must not deny facilities to the:

  1. Disaffiliated
  2. Disassociated
  3. Disconnected
  4. Disadvantaged
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Correct answer: D. Disadvantaged

1. The policy governs who may be onboarded. 2. It expressly protects persons with disabilities. 3. It must not shut out the financially or socially disadvantaged. _Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_

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When an application is rejected the officer must record the:

  1. Reasons
  2. Receipts
  3. Referrals
  4. Registers
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Correct answer: A. Reasons

1. No application may be turned down without thought. 2. The decision has to be justifiable later. 3. The officer records the reasons for rejection. _Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_

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Which transaction type must be monitored closely?

  1. Large rupee overdrafts
  2. Large RTGS transfers
  3. Large rupee deposits
  4. Large rupee balances
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Correct answer: B. Large RTGS transfers

1. The concern is patterns with no economic rationale. 2. Size alone is not the only trigger. 3. Large and complex RTGS transactions are named. _Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_

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