1.

Guidelines for the nomination procedures are Incomplete nomination form witho
ut witness is not valid document
2.Statutory audit is carried out under section 30 of Banking Regulation Act Tru
e
3.Records pertaining to locker key and access register, others for facilitating
income tax assessment should be held for 18 years. false
4.Can you exclude bills portfolio from the branch inspection? False
5.From the date of original document,after what period the letter of acknowledge
ment of
Debt (LAD 1 and 2) is to be obtained? Every second year, but before expiring of
the third year.
6.In cases where no TDS is to be deducteed, we need to obtain form 15H True
7.Issue consolidated TDS certificate at the end of the financial year. true
8.Preserve the cancelled inventory pertaining to demand draft and
FDR in `DL/CAN` and `Print count more than 2` in separate files True
9.Who audits the bank? Chief auditor
10.RBI has instructed that account holder must personally open his NRI account a
nd that his
authority can be given to any POA holder false
11.For loans against NRI deposits requires the Verification of ECM provisions
True
12.Nomination of account in the name of minor has to be other than the natural g
uardian True
13.The maximum weightage assigned to ______________ area Income Leakage(wrong)
14.A set of documents, as per sanction letter has to be duly executed by the bor
rower and guarantor True
15.Can you include Forex bussiness in branch audit False
16.Auditing in ATM requires Tally the ATM cards and PIN mailers
17.Collection and handling customer complaints are also a part of cash managemen
t services True
18.The customer`s complaints are maintained at the `complaint cell` at the corpo
rate office True
19.Review pertaining to cash includes Storage records, Ensure system of custody
of receipts, Review the cash retention limit True
20.Sanction related compliance says that loans, which do not have proper
authority, should be viewed seriously. True
21.Ensure that officer in-charge handling locker, visits the locker room before
closing and ensures that lockers operated during the day
are locked properly and nothing is left behind in the room by the locker hirers
True
22.Auditing in fixed deposit require To make payment of double interest by valu
e date debit part transaction(wrong)
To concentrate on cheque & cash payout from fixed deposits
23.The period within which the documents should be registered with regitar of co
mpanies is _____ 15 days(wrong),7days(wrong),30 days
24.We need to carry out these reviews at the start of branch audit, 1. Review of
external information about branch 2.
Review of statutory audit report and notes to account True
25.Debit balance confirmation should be kept year wise in the order of account n
umber
indicating the missing confirmation on the flap of the file True
26.Concurrent aduits are surprise audits coducted whenever any irregularities ar
e noticed at branches. False
27.The draft / payorder should contain the signature of representative,which nee
d not be attested by account holder false
28.
27.Issue duplicate demand draft / pay order only fter confirming the status of t
he original
and obtaining the indemnity bond True
28.Guide lines for system / user security 1 3
29.A locker is in the joint names of husband and wife and can be operated by ei
ther of the two. 1. They have nominated their son as nominee.
2. The nominee can operate only if both the operators die false
30.The inspecting official need not check whether the purpose for which the loan
was granted has been achieved or not False
31.15% weightage is assigned to customer services,records and stationary,reconc
iliation of accounts
32.Make payment of demand draft / pay order above Rs 50,000 only by credit to op
erating account and not by cash True
33.Auditing in Cash management requires(CMS) Must review the activities and pr
ocedures in relation to the CMS
34.Suitable documents should be obtained in respect of cases where excess
35.Record dialy movement of PO & CD in security form register True
36.With respect to end use of funds lent, we need to take care that, bills retur
ned unpaid are properly recorded indicating the reasons for
the return and that the bills represent genuine trade transaction only True
37.Ignore cases in the system where Form 15 H is obtained and TDS is not deducte
d False
38.Guidelines to be followed for stop payments are 1 2
39.Audit planning is based upon final analysis of data and reports False
40.The corporate office monitors the credit through various statements submitted
by
the branches - i.e. off-site supervision True
37.
drawings/irregularities in the account are persisting for a long time True
41.With respect to regulatory directives you need to Ensure that advances again
st shares are granted to a borrower to
acquire or retain controlling interest in the concerned company. (wrong)
42.The inspection official should check whether bill and FOREX business is accru
ing to us from borrowers who are enjoying EPC limits True
43.Interaction with customers Increase inter branch co-operation and attitude of
the staff True
44.We need to obtain form15H Not to deduct TDS
45.Are the control reports on record in respect of advances sanctioned under the
discretionary powers of the branch manager True
46.