Banking Awareness Questions for Upcoming Exams. This set contains banking awareness questions for various upcoming exams like SBI PO, IBPS PO, Clerk, NIACL Assistant and various other competitive exams.
- Offence of Money Laundering is defined under Section __ of PMLA Act 2002
A) Section 2
B) Section 3
C) Section 4
D) Section 5
- As per Prevention of Money Laundering Act, 2002, a bank shall maintain the records of transactions between the bank and client for at least ___ years.
A) 3 years
B) 4 years
C) 5 years
D) 10 years
- Dormant Account comes under which category?
A) Low Risk
B) Medium Risk
C) High Risk
D) None of These
- As per banking norms, a person is said to be minor when he is ____ .
A) Less than 10 years of age
B) Less than 15 years of age
C) Less than 18 years of age
D) Less than 21 years of age.
- If a legal guardian of a person has been appointed by a Court of Law before he has attained the age of 18 years, then he attains majority at the age of _____.
A) 20 years
B) 21 years
C) 23 years
D) 25 years
- A ____ is said to be created when the ownership of a property is transferred to somebody with an obligation to hold and manage the same for the benefit of another.
A) LLP
B) Joint Stock Company
C) Trust
D) HUF
- The person who signs on the face of a cheque is known as ______
A) Drawee
B) Beneficiary
C) Drawer
D) Endorser
- IFSC is a 11 digit code to be used for payments through
A) NEFT/RTGS
B) Demand Draft
C) Cheque
D) All of these
- What does CFMS stands for?
A) Customised Financial Messaging Server
B) Cutomised Funds Management System
C) Centralised Funds Management System
D) Core Funds Management Server
- TDS is not required to be deducted in respect of person who submit declaration in Form _____.
A) Form 19
B) Form 60/ Form 61
C) Form 26as
D) Form 15G/Form 15H
10x:)
Suraj sir …pls explain llp,huf
And form 60/61is required in the absence of pan card????
LLP- limited liability partnership : in this each partner has a limited liability. means ki LLP protect partners from each other’s professional legal problems, such as negligence or malpractice..
HUF-Hindu Undivided Family- this can be created by members of a family, wherein the members are lineal ascendants or descendants. Hindus, Buddhists, Jains and Sikhs .. But to be recorded by tax authorities, it needs to have an income-generating asset, which can only come as a gift from a relative or through a Will for all members of the HUF. Once it has such an asset, the HUF needs to be registered in a particular name and other formalities such as opening a bank account and acquiring a Permanent Account Number (PAN) have to be done.
YEs form 60 and 61 is pan card related
Form 61 – jiski source of income agricultural income ho wo form 61 fill karta
rest all form 60
Thank u suraj sir 🙂
thnxxxxxxxx
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