Que. 1 : Q1) Politically Exposed Persons (PEPs) resident outside India is categorized under
1. a) Low Risk Category
2. b) Medium Risk
3. c) High Risk
4. d) Normal Category
Que. 2 : Q2) Tipping Off is a term used in Anti Money Laundering measures? What does it mean?
1. a) Information given to Investigation Authorities by an insider
2. b) Bribing to Investigating Authorities by Criminals
3. c) Monitoring of Suspicious Account Transactions
4. d) Informing the customers that their accounts are under monitoring for suspicious activities
Que. 3 : Q3) The provision be amended to indicate that except where the endorsement of assignment or transfer is _______
1. a) Conditional
2. b) Unconditional
3. c) Contractual
4. d) Non-Contractual
Que. 4 : Q4) Section 59(1) of the Insurance Rules 1939 states that risk may be assumed without referring to the specified authorities if there is a deposit made with the insurer at a suitable rate not less than_______per mille.
1. a) 1
2. b) 1.5
3. c) 2
4. d) 2.5
Que. 5 : Q5) Non-profit organisations can be risky customers because they receive deposits from many unknown sources and are free to disburse funds to multiple sources for non-profit purposes. These charitable donations often cannot be verified and enhanced due diligence should be applied to these customers.
1. a) FALSE
2. b) TRUE