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Questions and Answers
What is required to be attached when opening individual accounts after January 1, 2017?
What is required to be attached when opening individual accounts after January 1, 2017?
From which date must non-individual accounts adhere to the Re-KYC guidelines?
From which date must non-individual accounts adhere to the Re-KYC guidelines?
Which of the following statements is correct regarding account opening dates?
Which of the following statements is correct regarding account opening dates?
What types of accounts were opened requiring KYC documents starting from January 1, 2017?
What types of accounts were opened requiring KYC documents starting from January 1, 2017?
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What is one of the requirements for branches regarding Re-KYC for accounts opened on or after April 1, 2021?
What is one of the requirements for branches regarding Re-KYC for accounts opened on or after April 1, 2021?
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What is the main focus of the guidelines mentioned in the circular?
What is the main focus of the guidelines mentioned in the circular?
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Which department is responsible for the updated guidelines on document handling?
Which department is responsible for the updated guidelines on document handling?
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What does the acronym 'I' likely stand for in the context of the document?
What does the acronym 'I' likely stand for in the context of the document?
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What type of record management process is NOT mentioned in the circular?
What type of record management process is NOT mentioned in the circular?
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Which of the following is emphasized in the document regarding records?
Which of the following is emphasized in the document regarding records?
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What was the main issue leading to increased verification requirements in May 2024?
What was the main issue leading to increased verification requirements in May 2024?
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What action did the bank take to address name mismatches?
What action did the bank take to address name mismatches?
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Which document was mentioned as a reference for name verification?
Which document was mentioned as a reference for name verification?
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What is the primary purpose of the verification process implemented by the bank?
What is the primary purpose of the verification process implemented by the bank?
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What was the result of discrepancies noticed in the verification process?
What was the result of discrepancies noticed in the verification process?
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What has changed regarding the title of a specific position within the bank?
What has changed regarding the title of a specific position within the bank?
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Which aspect relating to Business Correspondent Supervisors remains unchanged?
Which aspect relating to Business Correspondent Supervisors remains unchanged?
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What can be inferred about the bank's decision to change nomenclature?
What can be inferred about the bank's decision to change nomenclature?
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Which of the following is NOT a reason for the bank's change in nomenclature?
Which of the following is NOT a reason for the bank's change in nomenclature?
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Which statement regarding remuneration is true post nomenclature change?
Which statement regarding remuneration is true post nomenclature change?
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What process related to business correspondents is explicitly mentioned as remaining unchanged?
What process related to business correspondents is explicitly mentioned as remaining unchanged?
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What is the broader context for changing the title of the position?
What is the broader context for changing the title of the position?
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What remains consistent with regard to the criteria set for Business Correspondents?
What remains consistent with regard to the criteria set for Business Correspondents?
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What is a primary characteristic of investment scams?
What is a primary characteristic of investment scams?
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How do fraudsters commonly reach potential victims for investment scams?
How do fraudsters commonly reach potential victims for investment scams?
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What tactic do scammers use in government impersonation scams?
What tactic do scammers use in government impersonation scams?
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Which organization is mentioned as being impersonated by scammers?
Which organization is mentioned as being impersonated by scammers?
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What do fraudsters typically request from victims in both types of scams?
What do fraudsters typically request from victims in both types of scams?
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In which scenario are victims likely to be threatened with fines?
In which scenario are victims likely to be threatened with fines?
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What is a common method used by fraudsters to convince victims?
What is a common method used by fraudsters to convince victims?
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Which statement best describes the nature of scams outlined?
Which statement best describes the nature of scams outlined?
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What is the primary focus of the circular dated 05.09.2024?
What is the primary focus of the circular dated 05.09.2024?
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Which department is responsible for the incentive scheme mentioned in the circular?
Which department is responsible for the incentive scheme mentioned in the circular?
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What aspect of banking does the term 'mobilization of deposit' specifically refer to?
What aspect of banking does the term 'mobilization of deposit' specifically refer to?
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Which group is explicitly mentioned as a target for the incentive scheme?
Which group is explicitly mentioned as a target for the incentive scheme?
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What is the intended outcome of the incentive scheme for Business Correspondents?
What is the intended outcome of the incentive scheme for Business Correspondents?
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In the context of the circular, what does SBVA stand for?
In the context of the circular, what does SBVA stand for?
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Which of the following is least likely to be an aspect considered in the design of the incentive scheme?
Which of the following is least likely to be an aspect considered in the design of the incentive scheme?
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What is the date of the circular that discusses the incentive scheme?
What is the date of the circular that discusses the incentive scheme?
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Which of the following statements about the circular is correct?
Which of the following statements about the circular is correct?
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Which term in the circular refers to the contributors to deposit mobilization?
Which term in the circular refers to the contributors to deposit mobilization?
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Study Notes
Monthly Gist of Circulars
- September 2024 edition for Baroda Apex Academy, Gandhinagar
- Contains information from Baroda Apex Academy on various topics, including financial circulars, and important information
- Includes links directly to various circulars for easier access
Audio Library
- Baroda Gurukul provides access to audio format of important bank circulars and updates
- Listen to the Gist in your free time and stay updated
- Includes a path to access the audio library
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Description
Test your knowledge on KYC requirements and regulations that took effect after January 1, 2017. This quiz covers individual and non-individual accounts, the necessary documentation for account openings, as well as recent Re-KYC guidelines and deadlines. Get ready to evaluate your understanding of these important compliance measures!
