Question

Question 1- Cash withdrawal using debit cards at Point of Sale (POS) terminals has been allowed by Reserve Bank of India
whereby, a maximum of Rs can be withdrawn daily per card.
A. 1000
B. O 2000
C. O 2500
D. 5000
Question2-
refers to replacement of actual card details with an alternate code called the "token", which shall be
unique for a combination card, token requestor (entity which accepts customer's request and passes it on to the card network
to issue a corresponding token) and device.
A. O Truncation
B. O Digitisation
C. O Masking
D. 0 Tokenisation
Question3 - Balance in the is not repatriable except for current income and remittances up to USD 1 million per
financial year in accordance with the provisions of FEMA 13(R).
A. O SNRR Account
B. O NRO Account
C. ONRE Account
D. O Escrow Account
Question 4- On 25th May 2018 European Union implemented a regulation on data protection and privacy for all individuals
within the European Union (EU) and the European Economic Area (EEA) called as
A. O Generic Data Protection Rules
B. O General Data Protection Regulation
C. O General Directives Privacy Regulation
D. O Generic Data Protection & Privacy Regulation
Question5. RBI has announced certain regulatory measures to mitigate the burden of debt servicing brought about by
disruptions on account of COVID-19 pandemic and to ensure the continuity of viable businesses. The same includes
A. O Three months moratorium on all term loans / working capital outstanding as on March 1, 2020
B. Nine months moratorium on all term loans / working capital outstanding as on March 1, 2020
C. A year's moratorium on all term loans / working capital outstanding as on March 1, 2020
D. None of the above
Question 6 - Presently all Scheduled Commercial Banks are required to maintain with RBI a Cash Reserve Ratio (CRR) of
of the Net Demand and Time Liabilities (NDTL) under Section 42(1) of RBI Act 1934.
A. 3 percent
B. O 3.5 percent
C. 4 percent
D. O 18 percent
Question 7 - Mr X is a NRI, maintaining his NRE SB account with your branch. He has appointed Mr A, his father as the POA
holder in this account. Mr A, visits the branch and wants to deposit USD 2000 currency notes in this account. Can this
transaction be permitted?
A. Yes, since Mr A is a POA holder he can deposit foreign currency in this account.
B. Yes, since the amount is less than USD 5000 it can be permitted
C. O Amount can be accepted if Mr A produces currency declaration form
D. O No only the NRI himself can deposit foreign currency notes in his account,
Question 8 - As per Master Direction on KYC
is responsible for ensuring compliance, monitoring transactions
and sharing and reporting information as required under the law/regulations,
A. Principal Officer
B. O Money laundering reporting officer
C. O Designated Director
D. O Compliance Officer
Question 9- In India the export of dual-use items is regulated by Director General of Foreign Trade and such items, considered
dual-use, are prohibited or restricted and require a license for permission to export from India. These products under regulations
and license are given the acronym
A. O HS Code Classification
B. O SCOMET
C. O EPCG
D. O PRORES
Question 10- In view of the outbreak of COVID- 19. RBI has increased the period of realization and repatriation of export
proceeds to India, from 9 months to
from the date of export, for the exports made up to or on July 31, 2020.​

Answer 1

Answer:

for this question you should give 50 points