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Preventive Vigilance Committees (PVC) Quiz

10 Questions

4 Views

Preventive Vigilance Committees (PVC) Quiz

Created by

@LuxuriantPathos

Questions and Answers

What is the primary objective of the Preventive Vigilance Committee?

To identify and plug loopholes in the functioning of the operating unit (correct)

To exercise preventive vigilance

To create a power centre at the branch level

To solely handle back-office activities

Which of the following is NOT a type of branch where a Preventive Vigilance Committee must be formed?

SAM Branches

Branches with a staff strength of 5 or less (correct)

RACPC - Retail Assets Central Processing Centre

CCPC - Centralised Clearing Processing Centre

What is the composition of the Preventive Vigilance Committee?

Two or three members from different sections/departments (correct)

Two or three members from the same section/department

Four or five members from various branches

Only senior management officials

Which unit is required to form a Preventive Vigilance Committee, regardless of staff strength?

All of the above Signup and view all the answers

What happens to a branch where a fraud is detected, in terms of forming a Preventive Vigilance Committee?

The branch forms a Preventive Vigilance Committee until it undergoes the next Central Office Inspection and Audit Signup and view all the answers

What is the Preventive Vigilance Committee similar to?

A knowledge circle Signup and view all the answers

Which of the following is a responsibility of the Preventive Vigilance Committee?

Educating staff on preventive measures Signup and view all the answers

What is the purpose of the Preventive Vigilance Committee in relation to the operating unit?

To enhance performance and prevent loss Signup and view all the answers

Which branch rating would require the formation of a Preventive Vigilance Committee, despite its staff strength?

Needs Improvement / Unsatisfactory Signup and view all the answers

What is NOT a characteristic of the Preventive Vigilance Committee?

It is a power centre at the branch level Signup and view all the answers

Study Notes

Preventive Vigilance Committees (PVC)

Formed to create awareness and prevent irregularities at operating unit level
Comprised of 2-3 members from different sections/departments at the branch
Acts as a catalyst in spreading the concept and practice of preventive vigilance
Aims to prevent loss and enhance performance, similar to a 'Knowledge Circle'

Purpose of PVC

Educate staff on preventive measures
Identify 'weak spots' to plug loopholes in operating unit functioning

Formation of PVC

Required at branches with 10 or more staff members (including SAM Branches)
Mandatory at processing cells: RACPC, SMECCC, RASMECCC, TFCPC, SARC, CAC, CCPC, CPPC, DAC, LCPC, MCLAU
Necessary at units handling back-office activities
Required at branches rated as 'Needs Improvement' or 'Unsatisfactory', regardless of staff strength
Mandatory at branches where a fraud has been detected, until the next Central Office Inspection and Audit

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Description

Assess your knowledge on Preventive Vigilance Committees, their role in preventing irregularities, and promoting awareness and performance enhancement in operating units.