IIBF BC EXAM (ADVANCED) 100 QUESTIONS ANSWERS 2026 Free

IIBF BC EXAM (ADVANCED) 100 QUESTIONS ANSWERS 2026 Free

Updated on 06.06.2026

IIBF BC EXAM (ADVANCED) 100 QUESTIONS ANSWERS 2026 Free, IIBF BC EXAM QUESTION ANSWER,

*Ques. 1: A bank will not disclose the affairs of the customer in which one of the following circumstances?*

i) When the information is called under law.

☑️ ii) When there is express or implied consent of the customer.

iii) When any Central/State Govt. official directs the bank in writing to do so.

iv) When a bank is bound to disclose in public interest.

*Ques. 02: Soft skills are nothing but.......*

i) Knowing computer programming

ii) Knowing tools & techniques

iii) Knowing financial analysis

☑️ iv) Relationship building towards the customer

*Ques. 03: The features of good communication do not include.......*

☑️ i) Spontaneous reply

ii) Empathy

iii) Active listening

iv) Positivity

*Ques. 04: While disclosing information about a customer, a bank should take precautions to ----- (1) give the detailed information about the customer's financial position without hiding any facts which are known to bank (2) only facts as are evident from the customer's account to be revealed (3) recipient should be advised that the bank is not responsible for the information so given.*

i) (1) only

ii) (1) and (2) only

☑️ iii) (2) and (3) only

iv) (1), (2) and (3)

*Ques. 05: Which one of the following is not a main cause for Customer complaints?*

i) Lack of customer comfort facilities like sitting arrangement, filtered drinking water, cooling, etc.

☑️ ii) Gap standards.

iii) Attitudinal aspects while dealing with the customers.

iv) Inadequate arrangements made to handle the volume of the work.

*Ques. 06: RBI has made it mandatory for all Credit Information Companies in the country to provide Full Credit Report on request to individuals whose credit history is available.......*

i) At a cost of Rs.200 whenever required

☑️ ii) Free of charge once in a calendar year

iii) At a cost of Rs.500 whenever required

iv) At a cost of Rs.100 whenever required

*Ques. 07: The various features of Central Bank Digital Currency (Wholesale) include - (1) meant for financial institutions (2) for settlement of interbank transfers (3) for settlement of secondary market transactions in government securities (4) reduced transaction costs.*

i) (1), (2) and (4) only

ii) (2), (3) and (4) only

☑️ iii) (1), (2), (3) and (4)

iv) (1) and (2) only

*Ques. 8: A Business Facilitator will undertake the activities which include (1) credit counselling (2) promotion and nurturing Self-Help Groups(SHGs)/Joint Liability Groups (JLGs) (3) follow-up for recovery (4) educating people and advising them on money.*

i) (1) and (2) only

☑️ ii) (1), (2), (3) and (4)

iii) (1) and (3) only

iv) (3) and (4) only

IIBF BC EXAM (ADVANCED) 100 QUESTIONS ANSWERS 2026 Free

*Ques. 9: The basic services which are provided by the Business Correspondents (BCs) do not include*

i) Rural credit disbursements

ii) Delivery of savings and insurance products

iii) Small value payments and remittances

☑️ iv) Providing training under Govt. sponsored schemes

*Ques. 10: Transactions in Central Bank Digital Currency (CBDC) can be*

☑️ i) Both Person to Person (P2P) and Person to Merchant (P2M)

ii) Person to Merchant (P2M) only

iii) Person to Person (P2P) only

iv) Only for Rs.1,00,000 and above

*Ques. 11: The objectives of Open Network for Digital Commerce (ONDC) do not include*

i) digitizing the whole value chain

ii) encouraging supplier inclusion

iii) increasing customer value

☑️ iv) enlarging market for multinational brands in India

*Ques. 12: The Account Aggregator will replace many hassles for consumers today like (1) sharing physical signed and scanned copies of bank statements (2) running around to notarise or stamping of documents (3) having to share personal username and password to give the financial history to a third party.*

i) (1) and (2) only

☑️ ii) (1), (2) and (3)

iii) (2) and (3) only

iv) (1) only

*Ques. 13: In the case of charge card, payment is made by the user*

☑️ i) at one go

ii) in instalments

iii) after a grace period

iv) instantly

*Ques. 14: Green Label ATMs*

☑️ i) are dedicated to promote agriculture banking transactions

ii) are used for online purchases

iii) are dedicated to promote banking transactions by women

iv) are provided for share transactions

*Ques. 15: In the case of White Label ATMs*

i) the dispute resolution is done through the agency which handles ATM switch

ii) cash management is done by the banking system

iii) user is required to pay a nominal charge on every hit

☑️ iv) they are those which are set up, owned and operated by non-banks

*Ques. 16: The Jan Samarth Portal uses cutting-edge technologies and smart analytics to provide intuitive guidance to citizens ---- (1) for selecting most suitable loan scheme as per citizen's requirements and credentials (2) for checking subsidy (3) for checking eligibility*

i) (1) only

ii) (1) and (2) only

iii) (2) and (3) only

☑️ iv) (1), (2) and (3)

*Ques. 17: Brown Label ATMs are .......*

i) meant for blind persons only where the key pad is in Braille

ii) meant only for coin dispensing

☑️ iii) those where hardware and lease of the ATM are owned by a service provider, but cash management and connectivity to banking network is offered by sponsor banks

iv) those where withdrawal can be made without any limit and it is meant for HNIs and business communities only.

IIBF BC EXAM (ADVANCED) 100 QUESTIONS ANSWERS 2026 Free

*Ques. 18: Orange Label ATMs*

i) are used for online purchase

ii) are provided for share transactions

☑️ iii) are dedicated to promote banking transactions by women

iv) are dedicated to promote agriculture banking transactions

*Ques. 19: Which one of the following statements is incorrect in respect of Stored value Card?*

i) It is issued by a bank.

ii) The monetary value is stored on the card itself.

☑️ iii) No charges are levied on adding value to the card.

iv) The card issuer is a service provider.

*Ques. 20: What is Aadhaar-based e-KYC?*

☑️ i) In this system, banks can carry electronic identity verification using biometrics/OTP and obtain a digitally signed (by UIDAI) electronic identity document for storing within their system.

ii) In this system, a scanned copy of Aadhaar Card is submitted through the website of the concerned bank/insurance co./SEBI. Thereafter, there is no need to submit any paper physically for KYC purpose.

iii) In this system, the bank will simply get the Aadhaar Card number of the customer and submit the same to the UIDAI for verification of the documents which the customer has physically submitted to the bank.

iv) In this system, the customer will make a request to the UIDAI through email for submitting his details to the concerned bank/insurance co./SEBI.

*Ques. 21: Bharat QR Codes is.......*

☑️ i) P2M mobile payment solution

ii) Meant for making payment on the basis of OTP input

iii) Meant for remittance from one account to another

iv) Meant for inter-bank transfers for the purpose of clearing house

*Ques. 22: Mobile wallet*

i) works on the line of debit card

☑️ ii) is a way to carry cash in digital format

iii) can be used on ATMs also

iv) works on the line of credit card

*Ques. 23: MMID is a 7-digit number, to be issued by the bank to the customer .......*

i) for activation of credit card

☑️ ii) for Immediate Payment System (IMPS)

iii) on registration for internet banking

iv) for activation of debit card

*Ques. 24: Pink Label ATMs*

i) are provided for share transactions

ii) are dedicated to promote agriculture banking transactions

iii) are used for online purchase

☑️ iv) are dedicated to promote banking transactions by women

*Ques. 25: Which one of the following is incorrect in the case of Near Field Communications (NFC) mobile contact-less card technology?*

i) Full traceability and audit trail of the transaction is maintained.

ii) Deposit and withdrawal transactions are instantly settled between the customer account and Business Correspondent's account as both accounts are in the same system.

☑️ iii) Debit/Credit card cannot be used for transactions.

iv) Customer account and Business Correspondent's working capital account is centrally held with the bank.

*Ques 26: Which one of the following is incorrect regarding a hand-held device with a contact card?*

i) It has the capability to work uninterrupted in a completely off-line environment

ii) It has backward compatibility, to support magstripe cards.

iii) It is a compact and portable device, easy to carry in field and ideal for rural/semi-urban scenario.

☑️ iv) It does not have printing facility.

*Ques 27: Which one of the following is incorrect regarding Radio Frequency Identification (RFID)?*

i) It is used for tracking goods by means of tags which transmit a radio signal.

ii) It is a method which is used for contactless smart cards.

iii) It is a method which has high-end security features.

☑️ iv) It is a method of listening songs and music.

*Ques 28: If the Business Correspondents have inadequate financial and other capacity to fulfill their obligations and/or fail to provide remedies in case of serious frauds or errors, it will come under the category of .......*

☑️ i) Operational risk

ii) Strategic risk

iii) Compliance risk

iv) Credit risk.

IIBF BC EXAM (ADVANCED) 100 QUESTIONS ANSWERS 2026 Free

*Ques 29: When there is considerable exposure to one single service provider, it is termed as .......*

☑️ i) Concentration Risk

ii) Operational risk

iii) Credit Risk

iv) Compliance risk

*Ques 30: Corporate Governance includes....... (1) the structure through which objectives of a company are set and means of attaining the objectives (2) monitoring performance of the company (3) defines the way authority as well as responsibilities are allocated (4) setting pricing policy of products and services to ensure company's growth.*

i) (1) and (2) only

ii) (2) and (4) only

iii) (3) and (4) only

☑️ iv) (1), (2) and (3) only

*Ques 31: Talks about ethics may include....... (1) moral dependability (2) punctuality of fulfilling obligations (3) honouring the terms of contracts*

i) (2) and (3) only

ii) (1) and (3) only

☑️ iii) (1), (2) and (3)

iv) (1) and (2) only

*Ques 32: The full maximum claim is not payable under Prime Minister Suraksha Bima Yojana by the general insurance company on death of the subscriber on account of......*

☑️ i) Suicide

ii) Murder

iii) Natural calamities

iv) Accident

*Ques 33: Under PMJDY, it is to be ensured that banking facilities are available to all within a distance of*

i) 12 K.M.

☑️ ii) 5 K.M.

iii) 3 K.M.

iv) 8 K.M.

*Ques 34: Which of the following persons will not be eligible for being appointed as a Bank Mitra?*

i) a person retired from State Bank of India

☑️ ii) a person running a pharmacy shop

iii) a person retired from Ministry of Commerce

iv) a person retired from Hindustan Unilever

*Ques. 35: When shall the assurance on the life of the subscriber under Prime Minister Jeevan Jyoti Bima Yojana not be terminated/restricted?*

i) Insufficiency of balance in the account as on the stipulated date.

☑️ ii) On attaining the age of 52 years (age nearer birthday).

iii) In case a subscriber is covered through more than one account, the total cover will be restricted to Rs.2 lakh and the extra premium paid will be forfeited.

iv) Closure of account in the bank

*Ques 36: What should be the age of subscribers under Atal Pension Yojana?*

i) 18 to 50 years

ii) 18 to 60 years

iii) 18 to 65 years

☑️ iv) 18 to 40 years

*Ques 37: The Depositor Education and Awareness Fund can be utilized by RBI........*

☑️ i) For the promotion of depositors' interest

ii) Deposit Insurance

iii) Financial Inclusion

iv) None of the above

*Ques 38: To avail benefits of Direct Benefit Scheme, customer should approach the branch for linking the Aadhaar/UID number with the bank account number. In this regard, select the incorrect statement from the following.*

i) The bank branch has to obtain written application along with copy of Aadhaar Card issued by UIDAI.

ii) In case of joint accounts, an application signed by both the applicants along with copies of their Aadhaar Cards should be obtained and link the account with both the Aadhaar numbers.

iii) The copies of Aadhaar cards must be verified by the branch and the same kept on record

☑️ iv) It is compulsory. (Note: চিত্রে এই অপশনটির পাশে দাগ রয়েছে)

*Ques 39: Insurance benefits under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is not available for death.*

i) At the age of 54 years

☑️ ii) Occurring due to any reason except accident during the first 30 days from the date of re-enrolment into the scheme for those who exit the scheme at any point and re-join (Note: চিত্রে টিক দেওয়া)

iii) From heart attack within 90 days of enrolment into the scheme

iv) On account of any death within 45 days of enrolment into the scheme.

IIBF BC EXAM (ADVANCED) 100 QUESTIONS ANSWERS 2026 Free

*Ques 40: Which of the following statements is incorrect in respect of Self-Help Groups (SHG)?*

☑️ i) These are small formal groups.

ii) The main aim of the group is to promote savings habit among members and manage resources for the benefit of the group members.

iii) Each group consists of 10-12 individuals.

iv) Its members join the group voluntarily and they should be homogenous with respect to social and economic background.

*Ques 41: The National Centre for Financial Education has been set up as.......*

i) Public Sector Company

☑️ ii) Section 8 company

iii) Government Company

iv) Trust

*Ques 42: An account holder comes to you after 15 years with a Pass Book which shows a credit balance of Rs.15,000 and demands its payment. Going through your records, you find that the said balance has already been transferred to RBI for credit in Depositor Education and Awareness Fund (DEAF). Now, which of the following action will be required to be initiated by the bank?*

☑️ i) Bank can make payment after observing the prescribed procedure and, thereafter, make a claim of the amount transferred to RBI.

ii) Once the balance of inoperative account is transferred to RBI for credit in DEAF, no claim is payable.

iii) Bank will make a claim of the original amount transferred to RBI as no interest is payable on the funds transferred to DEAF.

iv) Bank will ask the account holder to approach the concerned department of RBI directly for taking refund of the amount.

*Ques 43: It is not expected that the Business Correspondent/Business Facilitators will perform the role of a ___ to the people residing in its operational area.*

i) Guide

ii) Companion

☑️ iii) Government representative

iv) Philosopher

*Ques 44: The features of structured communications in financial counselling does not include.......*

i) Interviewing

ii) Counselling

☑️ iii) Distributing knowledge materials

iv) Advising

*Ques 45: The essential elements of effective counselling include....... (1) unconditional positive regard (2) sympathy (3) genuineness (4) self-awareness.*

i) 1) and (2) only

ii) (1), (2), (3) and (4)

iii) (2) and (3) only

☑️ iv) (1), (3) and (4) only

*Ques 46: The features of "Civil Society Organisations" (CSO) in the context of Financial Inclusion include......*

i) State owned, not-for-profit entities

ii) SHGs

iii) INGOs

☑️ iv) Non-State, not-for-profit, voluntary entities formed by people

*Ques 47: The objectives of Financial Inclusion do not include.......*

i) extending financial services to the large unserved population of the country

ii) to unlock the growth potential of the country

iii) making finance available to the poor in particular

☑️ iv) developing the required educational and health facilities in villages

*Ques 48: Reserve Bank of India is.......*

i) a Development Bank

ii) a separate wing of Finance Ministry of the Central Government

iii) a Public Sector Bank

☑️ iv) the Central Bank of the country

*Ques 49: Development Financial Institutions (DFIs) provide.......*

i) guidance to the banks in its lending operations

ii) credit guarantee to the banks for its lending operations

☑️ iii) refinance to banks for its lending operations

iv) technological system support to banks

*Ques 50: The uberization of financial services in India was triggered by JAM trinity, which did not comprise.......*

i) Jan Dhan Yojana

ii) Aadhaar Database

iii) Mobile

☑️ iv) Microfinance Institutions

*Ques 51: A General Purpose Card is used for.......*

i) Office Address Proof

ii) Personal Identification

☑️ iii) Paying for goods and services

iv) Home Address Proof

*Ques 52: The Reserve Bank of India in its annual policy statement of April, 2005 recognized the problem of financial exclusion and initiated several steps aimed at promotion of financial inclusion, which however did not include......*

i) General Credit Card

ii) Simplified KYC

☑️ iii) Service Area Approach

iv) Basic Savings Bank Deposit Account

*Ques 53: The primary function of a bank is.......*

i) to provide loans to the weaker sections of the society

ii) to provide remittance and payment facilities to individuals/business enterprises/Governments

iii) facilitate currency circulation in the country

☑️ iv) acceptance of deposits and lending money

*Ques 54: The area of operations of a Regional Rural Bank.......*

☑️ i) is restricted to a few districts (Note: চিত্রে আংশিক টিক চিহ্ন রয়েছে)

ii) is unrestricted

iii) depends upon the wishes of the respective State Governments

iv) depends upon the business viability and consent of the respective sponsor bank

*Ques 55: Escalation Matrix is used in complaints. It is......*

i) a procedure to segregate the complaints subject-wise at the receiving level

ii) used at Dy. Ombudsman level when he is unable to solve the issue of complainant

☑️ iii) a tool used by regulated entities, to manage the escalation process

iv) used when the complaint is of a serious nature

*Ques 56: The Appellate Authority under the Integrated Ombudsman Scheme is........*

i) Chief General Manager-in charge of customers' grievances department at Central Office of RBI

☑️ ii) Executive Director-in charge of Consumer Education and Protection Department of RBI at Central Office (Note: চিত্রে টিক দেওয়া)

iii) General Manager of the Regional Office of RBI under whose jurisdiction the complaint relates

iv) Deputy Governor of RBI

*Ques 57: If principal or interest payment is not overdue for more than 30 days, but showing signs of incipient stress, it should be categorized as.......*

☑️ i) SMA-0 (Note: চিত্রে টিক দেওয়া)

ii) SMA-1

iii) SMA-2

iv) None of the above

*Ques 58: If a complaint is not resolved at the branch level within the stipulated period, the complaint shall be referred by the branches to the Regional/Circle office concerned along with their comments/replies. The regional/circle office should resolve the complaint within ....... of its receipt.*

i) 7 days

☑️ ii) 10 days

iii) 15 days

iv) 21 days.

IIBF BC EXAM (ADVANCED) 100 QUESTIONS ANSWERS 2026 Free

*Ques 59: If a Bill of Exchange purchased/discounted by the bank, remains unpaid/overdue for a period of more than 90 days, it should be treated as.......*

i) "Out of order"

☑️ ii) Non-performing asset

iii) "Special Mention Account"

iv) None of the above

*Ques 60: The Customers' Day should be observed in branches of banks every month as per RBI directives. Which one of the following is incorrect in respect of Customers' Day?*

☑️ i) A few customers are specially invited on that day to take their feedback. (Note: চিত্রে টিক দেওয়া)

ii) Any customer can approach the Branch Manager on that day in regard to their accounts' operations without prior appointment.

iii) The prescribed time of meeting with the Branch Manager is 3.00 p.m. to 5.00 p.m.

iv) It is observed on 15th of every month.

*Ques 61: A sub-standard account remains in that category for a maximum period of*

☑️ i) 12 months (Note: চিত্রে টিক দেওয়া)

ii) 90 days

iii) 3 years

iv) 6 months

*Ques 62: Unsecured exposures" which are identified as "substandard" assets under NPA norms, will attract a total provision of.......*

i) 20%

ii) 10%

☑️ iii) 25%

iv) 15%

*Ques 63: If any loss asset is permitted to remain in books for any reason, it should be provided for ....... of the outstanding amount.*

i) 60%

ii) 70%

☑️ iii) 100%

iv) 50%

*Ques 64: "Kishore Loan" under Mudra Yojana will be.......*

☑️ i) Above Rs.50,000 to Rs.5,00,000 (Note: চিত্রে টিক দেওয়া)

ii) Above Rs.1,00,000 to Rs.5,00,000

iii) Upto Rs.50,000

iv) Above Rs.50,000 to Rs.2,00,000

*Ques 65: The first year limit for crop cultivation purposes under Kisan Credit Card scheme is calculated separately for each type of crop as under*

i) Scale of finance for the crop x area cultivated + 20% of the limit towards post-harvest/household requirements + 20% of the limit towards repairs and maintenance expenses of farm assets + crop insurance and/or accident insurance/health insurance premium

☑️ ii) Scale of finance for the crop x area cultivated + 10% of the limit towards post-harvest/household requirements + 20% of the limit towards repairs and maintenance expenses of farm assets + crop insurance and/or accident insurance/health insurance premium (Note: চিত্রে টিক দেওয়া)

iii) Scale of finance for the crop x area cultivated + 10% of the limit towards post-harvest/household requirements + 10% of the limit towards repairs and maintenance expenses of farm assets + crop insurance and/or accident insurance/health insurance premium

iv) Scale of finance for the crop x area cultivated + 10% of the limit towards post-harvest/household requirements + 5% of the limit towards repairs and maintenance expenses of farm assets + crop insurance and/or accident insurance/health insurance premium

*Ques 66: A micro enterprise is one where the investment in plant and machinery or equipment does not exceed Rs.----- and turnover does not exceed Rs.......*

i) 50 lakh; 3 crore

☑️ ii) 1 crore; 5 crore (Note: চিত্রে টিক দেওয়া)

iii) 2 crore; 10 crore

iv) 50 lakh; 2 crore

*Ques 67: A Small Enterprise is one where the investment in plant and machinery or equipment does not exceed Rs....... and turnover does not exceed Rs.......*

☑️ i) 10 crore; 50 crore (Note: চিত্রে টিক দেওয়া)

ii) 5 crore; 50 crore

iii) 1 crore; 5 crore

iv) 5 crore; 20 crore

*Ques 68: The validity period of the Kisan Credit Card is.......*

i) maximum 4 years

☑️ ii) maximum 5 years (Note: চিত্রে টিক দেওয়া)

iii) at the discretion of the bank

iv) maximum 3 years

*Ques 69: For marginal farmers, a flexi Kisan Credit Card limit may be sanctioned within*

i) Rs.20,000 to Rs.1,00,000

☑️ ii) Rs.10,000 to Rs.1,00,000

iii) Rs.20,000 to Rs.50,000

iv) Rs.10,000 to Rs.50,000

*Ques 70: Cash credit is not ....*

i) given for working capital requirements

ii) given against stocks hypothecated to the bank

☑️ iii) given for repayment of another outstanding term loan

iv) a short term loan for business purposes

*Ques 71: All domestic commercial banks are mandated to achieve target of Priority Sector lending as prescribed by RBI.*

i) 25%

ii) 30%

☑️ iii) 40%

iv) 20%

*Ques 72: In accounting rules, "nominal accounts" are termed as........*

i) Assets and liabilities

☑️ ii) Expenses (losses) and gains (income)

iii) Ownership pattern of the business concern

iv) Goodwill, Royalty, etc. which do not have any transaction in value

*Ques 73: The cardinal principles of lending include....... (1) safety of funds (2) liquidity (3) diversification of risk (4) security*

i) (1) and (2) only

☑️ ii) (1), (2), (3) and (4) (Note: চিত্রে টিক দেওয়া)

iii) (2) and (3) only

iv) (3) and (4) only.

IIBF BC EXAM (ADVANCED) 100 QUESTIONS ANSWERS 2026 Free

*Ques 74: Cash Reserve Ratio (CRR) indicates the percentage of cash reserve that banks are required to keep with Reserve Bank of India as a proportion of their.......*

i) total advances minus non-performing assets

☑️ ii) net demand and time liabilities (Note: চিত্রে টিক দেওয়া)

iii) gross demand and time liabilities

iv) total credit portfolio

*Ques 75: A "Trial Balance" is a ...*

i) Draft Balance Sheet

ii) Statement of rectified entries

☑️ iii) List of all general ledger accounts along with its balances as on a particular date

iv) Comparative statement of cash receipts and payments

*Ques 76: National Bank has lent Rs.15 lakh to Micro Tools Pvt. Ltd. at an interest rate of "Inflation rate + 3%". What is such a type of interest rate known as?*

i) Variable

☑️ ii) Floating (Note: চিত্রে টিক দেওয়া)

iii) Differential

iv) Inflated

*Ques 77: If the accountant has good reason to believe that the company is going to be liquidated, the assets will be reported........*

☑️ i) at their liquidation value (Note: চিত্রে টিক দেওয়া)

ii) at the previous reported value of the last year without deduction of depreciation for this year

iii) at the purchase price

iv) at the inflated value so as to get good value on sale.

IIBF BC EXAM QUESTION ANSWER,

*Ques 78: Banks can issue FDRS wherein premature payment is not allowed, if the amount of FDR is.......*

☑️ i) Rs.15 lakh and more (Note: চিত্রে টিক দেওয়া)

ii) Above Rs.1 crore

iii) Rs.25 lakh and more

iv) Rs.50 lakh and more

*Ques 79: Banking hours of a branch.......*

☑️ i) can be determined by Banks, keeping in view the local requirements

ii) should not exceed 6 hours with a lunch break of half an hour

iii) should not exceed 7 hours with a lunch break of one hour

iv) should not exceed 8 hours with a lunch break of half an hour

*Ques 80: Bank may stop operation on a customer's deposit account under certain circumstances. Which of the following case is the exception?*

☑️ i) When somebody informs the bank on the basis of newspaper report that the money deposited by the depositor is theft money.

ii) On receipt of notice of death of the customer.

iii) On receipt of instructions from tax/law enforcement authorities.

iv) On receipt of court orders.

*Ques 81: If a term deposit matures and proceeds are unpaid, the amount left unclaimed with the bank shall .......*

i) attract rate of interest as applicable to savings bank accounts

ii) attract rate of interest as per contracted rate of interest of the matured term deposit

☑️ iii) attract rate of interest as applicable to savings bank deposits or the contracted rate of interest of the matured term deposit whichever is lower (Note: চিত্রে টিক দেওয়া)

iv) not attract any interest

*Ques 82: In "Small Accounts", the aggregate credits in a year should not exceed.......*

☑️ i) Rs. 1,00,000

ii) Rs.50,000

iii) Rs.2,00,000

iv) Rs. 75,000

*Ques 83: An account holder who is not only unable to be physically present in the bank but is also not even able to put his/her thumb impression on the cheque/withdrawal form due to certain physical incapacity, wants to take cash payment. The bank will.......*

i) advise to obtain a medical certificate from Govt. hospital indicating the stage of physical incapacity and add name of his close relative in the account for the purpose of operation

ii) obtain a mark on the cheque/withdrawal form in the presence of any two independent witnesses known to the bank and make the payment to the person indicated by him

iii) refuse to make the payment

☑️ iv) obtain a mark on the cheque/withdrawal form in the presence of two independent witnesses of which one should be bank official and make payment to the person indicated by him (Note: চিত্রে টিক দেওয়া)

*Ques 84: If a foreign student (excepting Pakistani national) wants to open a Non-resident Ordinary bank account, he/she should submit........ (1) Copy of passport with appropriate visa and immigration endorsement (2) A letter of the educational institution offering admission (3) A declaration about the local address within 30 days of opening the account (4) RBI's prior approval*

i) (1), (2), (3) and (4)

ii) (2), (3) and (4) only

iii) (1), (2) and (4) only

☑️ iv) (1), (2) and (3) only (Note: চিত্রে টিক দেওয়া)

*Ques 85: A money launderer has introduced dirty money into the financial system. He then engages in a series of conversion or movement of funds to distance them from their source. When the funds (clean money) finally re-enter the legitimate economy, it is called........*

i) layering

☑️ ii) reintegration (Note: চিত্রে টিক দেওয়া)

iii) juggling

iv) placement.

IIBF BC EXAM QUESTION ANSWER,

*Ques 86: Unlawful earnings become clean/white (gets laundered) .......*

☑️ i) by routing it through banking system

ii) by sending it to foreign countries through hawala channels

iii) by donating to a charitable trust

iv) none of the above

*Ques 87: Call deposits.......*

i) have fixed rate of interest

☑️ ii) have neither a fixed maturity nor a fixed rate of interest (Note: চিত্রে টিক দেওয়া)

iii) are long term investments

iv) have fixed maturity

*Ques 88: Some banks levy charge on conducting a transaction at non-home branch. This is.......*

☑️ i) permitted by RBI (Note: চিত্রে টিক দেওয়া)

ii) not permitted by RBI

iii) ambiguous as RBI guidelines are silent on this issue

iv) permissible only after obtaining specific permission of RBI

*Ques 89: The norms for obtaining photographs from a customer includes which of the following?*

☑️ i) Fresh photographs need not be insisted, when an additional account is desired to be opened. (Note: চিত্রে টিক দেওয়া)

ii) Bank should obtain two set of photographs.

iii) When photocopies of driving license/passport containing photographs are available, then separate photo is not required.

iv) Bank need not obtain photographs of a "Pardanashin" women.

*Ques 90: Remittance through Real Time Gross Settlement (RTGS) system can be made.......*

i) maximum upto Rs.50 lakh

ii) maximum upto Rs.5 crore

☑️ iii) without any maximum limit of amount

iv) maximum upto Rs.20 lakh

*Ques 91: Bank demand drafts are valid for.......*

i) twelve months

ii) two months

iii) six months

☑️ iv) three months

*Ques 92: The premium for deposit insurance.......*

i) is debited to the depositor's account on annual basis

☑️ ii) is borne by the respective banks

iii) is borne by the RBI

iv) is borne by the Central Government

*Ques 93: A Government Security (G-Sec) is .......*

i) issued by the Central Government only

ii) issued by the State Governments only

☑️ iii) issued by both the Central Government and State Governments

iv) issued by NABARD with the consultation of Central Government/State Governments

*Ques 94: In the case of "Bulk Deposits" as defined by RBI from time to time, banks can.......*

i) pay differential interest rates if the deposits have been accepted as per the scheme framed on the basis of Bank Term Deposit Scheme 2006

ii) pay maximum 2% above the prescribed interest rates for a particular term in normal term deposits

iii) pay differential interest rates if the deposits have been accepted under the Capital Gains Scheme, 1988

☑️ iv) pay differential interest rates as approved by the respective Bank's Board (Note: চিত্রে টিক দেওয়া)

*Ques 95: In the case of private sector banks, the private ownership should be*

i) minimum 50%

☑️ ii) more than 51%

iii) more than 75%

iv) minimum 25%

*Ques 96: Banks in India are mainly classified in two categories.......*

i) Urban and Rural banks

☑️ ii) Scheduled and Non-scheduled banks

iii) Universal and Local area banks

iv) Big and Small banks

*Ques 97: Given the poor economic status of the financially excluded, the individual requirements of banking services for these people could be.......*

☑️ i) small and low in volume (Note: চিত্রে টিক দেওয়া)

ii) large but with high transaction cost

iii) moderate but with large volume

iv) none of the above

*Ques 98: Payments Bank can*

☑️ i) accept demand deposits only (Note: চিত্রে টিক দেওয়া)

ii) provide loans to its customers upto Rs.50,000

iii) accept term deposits maximum upto Rs.2 lakh in each case

iv) issue credit cards

*Ques 99: Land Development Banks.......*

i) provide short term credit to agriculturists

☑️ ii) function in the long term cooperative credit structure

iii) provide any type of loan to agriculturists

iv) none of the above

*Ques 100: Regional Rural Banks, State cooperative banks and District cooperative banks are inspected by ___ in its capacity as supervisor.*

☑️ i) NABARD

ii) RBI

iii) SIDBI

iv) Cooperative Department of respective State Governments