Law and Practice Quiz 1

 

Law and Practice Quiz

1. As per KYC norms, for identity of the person,following additional details need to be collected -

Employment details such as job specifications, name and address of the employer
Provide details about source of income and annual income
Details of assets owned such as house, vehicle etc
All


2. Mainly, KYC norms are for -

Identification of the customer
Proper introduction of the customer
Monitoring of large value transactions
All


3. A minor can open Current account in his name at the age of

10 years
12 years
14 years
15 years


4. "Pledge", "Pawnor", and "Pawnee" are defined under Sec .....

124
126
148
172


5. "Contract of guarantee", "surety", "principal debtor" and "creditor" are defined under Sec .....

124
126
148
172


6. ‘Bailment’, ‘bailor’ and ‘bailee’ are defined under Sec .....

124
126
148
172


7. Normally the account should be opened with cash only and not with cheque, drafts. As per N I acts

128
130
131
148


8. ______ can not open PPF account ?

Individual
Minor
HUF
None


9. Which of the following is not steps or stages in Money Laundering

Placement
Layering
Integration
Punishment


10. where a guardian is appointed by a court, a person attains majority at the age of .....years

14
15
18
21

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Digital Banking

Digital Banking Quiz

1. What is the menu option for changing the profile of a corporate customer in case of Baroda Connect

HDCR
ACUID
DCISS
CWBDF


2. The premium on accident insurance under PMJDY will be borne by –

NPCI
Customer
Bank
DFS


3. In Baroda Connect how many beneficiaries can be registered in one day ?

1
2
3
5


4. What is the per transaction limit without debt card in our Cash Deposit Machine ?

Rs. 10000
Rs. 15000
Rs. 20000
Rs. 25000


5. In IMPS P2P what are the main beneficiaries credentials ...

Mobile no & Account number
Mobile no & MMID
Aadhaar & MMID
Account number & MMID


6. In IMPS Menu in Finacle which mode is not available –

P2P
P2A
A2C
P2M


7. In IMPS, S stands for -

System
Services
Solution
Source


8. Direct access codes are related with

USSD m Banking
Baroda Connect
Mobile snippets
EMV chip card


9. Maximum amount which can be remitted through NUUP in a day –

5000
10000
15000
25000


10. Per day ATM Cash withdrawal limit in RuPay Platinum Card –

10000
25000
50000
100000

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COMMON ABBREVIATIONS ASKED IN PROMOTION EXAMINATION

MOST COMMON ABBREVIATIONS USED IN BANK / PROMOTION EXAMINATION

1. MMID ……………Mobile money Identifier
2. NPCI    ………….National Payment Corporation of India
3. CVV2   .……..…..Card Verification Value
4. NUUP ……………National Unified USSD Platform
5. CTR   ….…………Cash Transaction Report
6. CAP ……………..Customer Acceptance Policy
7. CIP ………………Customer Identification Procedure
8. FATCA  …………Foreign Accountancy Tax Compliance Act
9. CRILC   …………Central Repository Information in Large Credits
10. LABOD …………Loan against banks own Deposit
11. SMA …………….Special Mentioned account
12. SOL ……………..Service outlet
13. JLF ……………...Joint Liability Forum
14. MUDRA   ……….Micro Unit Development and Refinance Agency Limited
15. NIM  …………..…Net interest Margin
16. BCSBI  ………….Banking Codes and standard Board of India
17. LMS  …………….Learning Management System
18. CFT ..…………... Combating the financing of Terrorism
19. KYC ……………. Know Your Customer
20. FIU-IND  ………..Financial Intelligence Unit India
21. NEFT   ………….National Electronic Fund Transfer
22. RTGS  …………..Real Time Gross Settlement
23. PMJDY    ……….Pradhan Mantri Jan Dhan Yojna
24. PMJJBY ………. Pradhan Mantri Jeevan Jyoti Beema Yojna
25. PMSBY  ………. Pradhan Mantri Suraksha Beema Yojna
26. PMMY    ………..Pradhan Mantri Mudra Yojna
27. APY      …………Atal Pension Yojna
28. AML  …………….Anti Money Laundering
29. PML  …………….Prevention of Money Laundering Act 2002
30. DBT  …………….Direct Benefit Transfer
31. CSR  …………….Corporate Social Responsibility
32. BHIM …………….Bharat Interface for Money
33. UPI ………………Unified Payment Interface
34. ATM ……………..Automated Teller Machine
35. IMPS ……………Immediate Payment Services
36. USSD …………..Unstructured Supplementary Services Data
37. MFK …………….Multi Function Kiosk
38. ASBA …………...Application Supported by Blocked Amount
39. IVR ………………Interactive Voice Response
40. CTS ……………..Cheque Truncation System
41. NACH …………...National Automated Clearing House
42. ASCROM ……….Asset Classification and Credit Monitoring
43. MICR …………….Magnetic Ink Recognition Technology
44. FEMA ……………Foreign Exchange Management act

 Thanks...!!!

 

 

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SCHEDULE OF PROMOTION EXERCISE 2017-18

Bank of Baroda Announce the Exercise for Promotion of 2017-18  with Tentative date of written test , Interview / GD and tentative of Result is as below -

SCHEDULE OF PROMOTION EXERCISE 2017-18

Plan of Activity – Promotion Exercise	Tentative Schedule		Tentative date of Declaration of Results
	Written Test	GD &/ Interview
From Clerical to Officer’s cadre in JMG/S-I	24th Dec, 2017	To be announce (TBA)	01st April, 2018
From JMG/S-I – MMG/S-II	TBA	TBA	01st April, 2018
From MMG/S-II – MMG/S-III	TBA	TBA	01st April, 2018
From MMG/S-III – SMG/S-IV	--	TBA	01st April, 2018
From DGM to GM	--	--	--
From AGM to DGM	--	--	--
From CM to AGM	--	--	--

NOTE - The Business figure for December 2017 will also be reckoned for evaluating performance of officer, whenever applicable, in the current promotion process.


B-E-S-T--O-F--L-U-C-K

 

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ABM Mock Test 1 with Answer

1. Which of the following is a key determinant of both supply and demand ?
Income
Future expectation
Tastes and preference
Sale tax

2. Which of the following is a leading economic indicator ?
Average hour, manufacture
Money Supply
Stock prices
All

3. Speculative Demand for money and interest rate are related
Inverse
Direct
Equal
None

4. Transaction demand curve for money_______
It is parallel to X-axis
It moves upward with income
It moves downward
None

5. What indicates zero primary deficit -
No fiscal deficit
Surplus budget
No borrowings
Borrowings only to make interest payments

6. What type of budget is advocated for emerging economies
Surplus
Deficit
Balanced
Zero

7. Which of the following leads to credit expansions
Increase in CRR
Increase in SLR
Increase in Bank rate
Increase in purchase of government securities by central bank

8. Microeconomics deals with
Gross domestic Product
Unemployment rate
Prices indices
All the above

9. Market economy is also known as
Mixed economy
Capitalistic economy
Command economy
Socialistic economy

10. Ends refer to
Demand
Resources
Utility
Wants

All the Best.

 

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