PPB Module-B Practice Questions With Answer – The Indian Institute of Banking and Finance offers JAIIB, one of its signature programmes (IIBF). Three papers are included in the JAIIB Exam: LRAB, Accounting and Finance for Bankers, and Principles and Practices of Banking (Legal and Regulatory Aspects of Banking). The fundamental concepts and procedures of banking are covered in the first paper, PPB. Candidates for the PPB Paper must have a thorough understanding of all the topics in order to be eligible.
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What’s there in the PPB Module B Practice Questions with Answers E-book?
- Banks obligation under money laundering to keep record of cash transactions for at least:
a) 3 Years
b) 7 Years
c) 5 Years
d) 10 Years - As to the character of the offense, “Money Laundering” is____
a) Civil
b) Criminal
c) Political
d) Natural - Which of the following is not a stage under Money laundering?
a) Layering
b) Integration
c) Spending
d) Placement - Director under PMLA, 2002 is appointed by:
a) RBI
b) Central Government
c) Central bureau of investigation
d) Financial intelligence unit - Which of the following is a correct statement?
a) Smurfers travel from bank to bank withdrawing cash from ATMs
b) Smurfing is a way to avoid triggering a reporting thresholds
c) Smurfing requires an insider at a financial institution
d) Smurfers are dead people who’s accounts have been taken over by money launderers
Smurfing is a money-laundering technique that involves the structuring of large amounts of
cash into multiple small transactions. This is done in order to conceal the source of the
money.
We hope this blog gave you a brief description of the PPB Module B Questions with answers E-book. To read more such blogs, visit the Oliveboard website!
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