Preventive Vigilance Committees (PVC) Quiz
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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?

    <p>All of the above</p> Signup and view all the answers

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

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

    What is the Preventive Vigilance Committee similar to?

    <p>A knowledge circle</p> Signup and view all the answers

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

    <p>Educating staff on preventive measures</p> Signup and view all the answers

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

    <p>To enhance performance and prevent loss</p> Signup and view all the answers

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

    <p>Needs Improvement / Unsatisfactory</p> Signup and view all the answers

    What is NOT a characteristic of the Preventive Vigilance Committee?

    <p>It is a power centre at the branch level</p> 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.

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