CAIIB-ABM – Mock Test- 10
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1.
In case Chief Compliance Officer – CCO reports to the MD & CEO, in an NBFC, the Board/Board Committee shall meet the CCO at ___ intervals on a one-to-one basis, without the presence of the senior management, including MD & CEO.
2.
Which of the following aspects are covered in the potential appraisal (1) functional knowledge (2) managing skills (3) initiative (4) decision making or problem solving skills
3.
The findings of which department in the bank will serve as a feedback mechanism for the Compliance Department for assessing the areas of compliance breaches/failures.
4.
Vigilance means being watchful and cautious to detect danger, being ever awake and alert. Which of the following is a type of vigilance? 1) preventive vigilance 2) detective vigilance 3) cautious vigilance 4) punitive vigilance
5.
When the population is normally distributed, the sampling distribution has the mean ____ population mean
6.
Which of the following is True or False related to quartile? 1 A quartile divides data into four points, to create four dataset groupings. 2 the lower quartile Q1, 3 the median Q2, 4 the upper quartile Q3,
7.
The normal tenure of a Chief of Internal Vigilance in Private Banks would be ___ years extendable up to a further period of ___ years.
8.
Middle Layer NBFCs also include non-deposit taking NBFCs with asset size of ___ crore and above
9.
_____ is the measure of linear relationship between 2 variables.
10.
The individual is motivated to avoid two or more negative but mutually exclusive goals in which of the following?
11.
Internal controls must be consistently applied and well understood by bank staff if Board and management policies are to be effectively implemented. Controls typically (1) limit authorities, (2) safeguard access to and use of records and bank assets, (3) separate and rotate duties, (4) ensure both regular and unscheduled reviews, including testing.
12.
Regulators expect Banks & FIs to have a highly broad view of operational resilience by both controlling the operational risks and managing the disruptions. Therefore, they need to operate a/an _____ approach including continuity planning, operational risk, and concentration risk analysis.
13.
Workplace behavior that naturally meets ethical and legal norms is called.
14.
The following aspects need to be taken due care while framing a Policy and finalising a Conflict Management Process 1) Acknowledge that a difficult situation may exist 2) Allow individuals to express their feelings 3) Understand and define the problem 4) Determine underlying need
15.
Normally a bank should conduct assessment of the compliance risk activity-wise at least once ___ and develop a risk-oriented activity plan for compliance assessment.
16.
A firm had estimated sales of Rs.25 lac for 2009, Rs.40 lac for 2010 and Rs.60 lac for 2011. The actual achievement is Rs.30 lac, Rs.40 lac and Rs.55 lac. What is relative cyclical residual for 2011 in this case:
17.
What purpose is served by performance appraisal:
18.
In addition to Whistle-blower Protection Act 2011, which statute lays down provisions for whistleblowing and corporate governance in India and the elimination of fraud by establishing adequate vigil mechanism.
19.
The marks scored by 10 students in Physics are = 70, 60, 36, 30, 80, 60, 74, Y, 94, 50. If the arithmetic mean is 60, find the value of Y.
20.
Which elements are included in the governance process within an organisation 1) definition of corporate control, 2) communication of key policies, 3) evaluating business performance through balanced scorecards, risk scorecards and operational dashboards.
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