IndianBank_Classification: Internal
MODEL QUESTION PAPER – SET 1
1. What is the full form of OVD?
a) Official Verification Document
b) Online Valid Document
c) Officially Valid Document
d) Official Voucher Document
2. A term deposit account is repayable:
a) On demand
b) On maturity
c) Anytime
d) Monthly
3. RBI was established under which Act?
a) RBI Act, 1934
b) BR Act, 1949
c) Companies Act
d) NI Act
4. Which section of the NI Act defines a cheque?
a) Section 6
b) Section 3
c) Section 10
d) Section 13
5. In "Either or Survivor" account, after the death of one holder, payment can be made
to:
a) Legal heir
b) Survivor
c) Joint holder's nominee
d) Court
6. Under PMLA, the threshold cash transaction limit for reporting is:
a) ₹50,000
b) ₹5 lakhs
c) ₹10 lakhs
d) ₹2 lakhs
7. The nominee in a bank account is:
a) Legal heir
b) Custodian of funds
c) Beneficiary
d) Successor
8. Which account does NOT earn interest?
a) SB Account
b) FD Account
c) RD Account
d) Current Account
9. Minor can open SB account under guardianship until age:
a) 18 years
b) 10 years
c) 15 years
d) 21 years
10. Section 42 of the RBI Act relates to:
a) CRR
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IndianBank_Classification: Internal
b) SLR
c) Repo Rate
d) Treasury Bills
11. AML stands for:
a) Anti Monetary Law
b) Against Money Laundering
c) Anti Money Laundering
d) Annual Money Ledger
12. What is the banker-customer relationship in a Savings Account?
a) Debtor–Creditor
b) Principal–Agent
c) Trustee–Beneficiary
d) Agent–Principal
13. What is the minimum tenure of a term deposit?
a) 15 days
b) 7 days
c) 30 days
d) 1 month
14. Who appoints the Governor of RBI?
a) RBI Board
b) President of India
c) Central Government
d) Finance Minister
15. Which of the following is a negotiable instrument?
a) Cheque
b) Currency Note
c) Insurance Policy
d) Fixed Deposit Receipt
16. Banks are required to file CTR under PMLA for transactions above:
a) ₹1 lakh
b) ₹5 lakhs
c) ₹10 lakhs
d) ₹50 lakhs
17. What document is used to make a nomination?
a) DA1
b) 15G
c) Form 60
d) FATCA Form
18. A joint account can be operated by:
a) Either holder
b) Both jointly
c) As per mandate
d) All of the above
19. What does KYC primarily prevent?
a) Customer complaints
b) Tax fraud
c) Money laundering
d) Investment fraud
20. Under NI Act, a dishonoured cheque attracts penalty under section:
a) 131
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IndianBank_Classification: Internal
b) 135
c) 138
d) 141
21. What is the primary feature of the IB Rupee Key?
a) Mobile wallet for credit cards
b) Digital locker access
c) Smart keychain for contactless payments
d) Key to ATM rooms
22. Through which app can customers view debit card details in Indian Bank?
a) IndOASIS
b) Ind Smart
c) BHIM
d) IndPay
23. When did Indian Bank celebrate its Centenary Year?
a) 2007
b) 2006
c) 2005
d) 2008
24. What do the three arrows in Indian Bank’s logo represent?
a) Agriculture, Industry, Commerce
b) Innovation, Technology, Service
c) Savings, Investment, Surplus
d) People, Process, Profit
25. Indian Bank’s mission includes:
a) Achieving high net profits
b) Maximizing shareholder wealth
c) Empowering employees and bringing innovation
d) Reducing physical branches
Answer Key – Set 1:
1-c, 2-b, 3-a, 4-a, 5-b, 6-c, 7-b, 8-d, 9-a, 10-a, 11-c, 12-a, 13-b, 14-c, 15-a, 16-c, 17-a, 18-d,
19-c, 20-c ,21-c,22-b,23-b, 24-c,25-c
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