Pick the right answer, quickly

Exercise and reference answers

Questions

1. Question

   Small account yearly credit cap:

   Choices

   1. One lakh
   2. Two lakh
   3. Five lakh

   Correct choice

   One lakh

2. Question

   Controlling ownership interest is over:

   Choices

   1. 10 per cent
   2. 25 per cent
   3. 51 per cent

   Correct choice

   10 per cent

3. Question

   Deemed OVD must be replaced within:

   Choices

   1. One month
   2. Three months
   3. Six months

   Correct choice

   Three months

4. Question

   Low risk KYC updation runs every:

   Choices

   1. Two years
   2. Eight years
   3. Ten years

   Correct choice

   Ten years

5. Question

   Risk categorisation review runs every:

   Choices

   1. Six months
   2. One year
   3. Two years

   Correct choice

   Six months

Instructions

Tap the correct answer before the round moves on.

Explanation