IIBF BC Advance Certiication EXAM Questions & Answer PDF

IIBF BC Advanced Question Paper PDF 2025 Download with Answers :

• *99# service of banks can be availed for____
  (i) balance enquiry
  (ii) fund transfer
  (iii) Mini Statement of account

(Select the most appropriate option from among the following)

a) (i) only
b) (i), (ii) and (iii)
c) (ii) and (iii) only
d) (i) and (iii) only
Ans b)

• Banks can issue FDRs wherein premature payment is not allowed, if the amount of FDR is _____ (Select the most appropriate option from among the following)
  a) Rs. 25 lakh and more
  b) Rs. 50 lakh and more
  c) Above Rs. 1 Crore
  d) Rs. 15 lakh and more
  Ans c)
• In the case of private sector banks, the private ownership should be______. (Select the most appropriate option from among the following.)
  a) more than 51%
  b) minimum 25%
  c) more than 75%
  d) minimum 50%
  Ans a)
• Bank demand drafts are valid for______ .
  a) twelve months
  b) two months
  c) Six months
  d) three months
  Ans d)
• Green label ATM________ .
  a) Are provided for share transactions
  b) Are dedicated to promote agriculture banking transactions
  c) Are used for online purchase
  d) Are dedicated to promote banking transactions by women
  Ans b)
• Orange label ATM________ .
  a) Are provided for share transactions
  b) Are dedicated to promote agriculture banking transactions
  c) Are used for online purchase
  d) Are dedicated to promote banking transactions by women
  Ans a)
• Yellow Label ATM _______ .
  a) Are provided for share transactions
  b) Are dedicated to promote agriculture banking transactions
  c) Are used for online purchase
  d) Are dedicated to promote banking transactions by women
  Ans c)
• Brown label ATM________ .
  a) Are provided for share transactions
  b) Are dedicated to promote agriculture banking transactions
  c) Are used for online purchase
  d) Are owned by service provider
  Ans c)
• Brown Label ATMs are ________ .
  a) Meant for blind persons only where the key pad is in Braille
  b) Those where hardware and lease of the ATM are owned by a service provider, but cash
  management and connectivity to banking network offered by sponsor banks
  c) those where withdrawal can be made without any limit and It is meant for HNIs and business
  communities only
  d) meant only for coin dispensing
  Ans b)
• Memorandum of Association relates to_____
  (Select the most appropriate option from among the following )
  a) a religious body
  b) a sports club
  c) a society of RTI activist
  d) company
  Ans d)

IIBF BC Advanced Question Paper PDF 2025 Download with Answers :

• The various features of Central Bank Digital Currency (Wholesale) include ——

(1) meant for financial institutions
(2) for settlement of interbank transfers
(3) for settlement of secondary market transactions in government securities
(4) reduced transaction costs.

i) (1), (2) and (4) only
ii) (2), (3) and (4) only
iii) (1), (2), (3) and (4) (Answer)
iv) (1) and (2) only

• A bank will not disclose the affairs of the customer in the which one of the following circumstances?

i) When the information is called under law.
ii) When there is express or implied consent of the customer. (Answer)
iii) When any Central/State Govt. official directs the bank in writing to do so.
iv) When a bank is bound to disclose in public interest.

• The basic services which are provided by the Business Correspondents (BCs) do not include —–

i) Rural credit disbursements
ii) Delivery of savings and insurance products
iii) Small value payments and remittances
iv) Providing training under Govt. sponsored schemes (Answer)

• The features of structured communications in financial counselling does not include…….

i) Interviewing
ii) Counselling
iii) Distributing knowledge materials (Answer)
iv) Advising

• The objectives of Financial Inclusion do not include…….

i) extending financial services to the large unserved population of the country
ii) to unlock the growth potential of the country
iii) making finance available to the poor in particular
iv) developing the required educational and health facilities in villages (Answer)

• The Appellate Authority under the Integrated Ombudsman Scheme is…….

i) Chief General Manager-in charge of customers’ grievances department at Central Office of RBI
ii) Executive Director-in charge of Consumer Education and Protection Department of RBI at Central Office (Answer)
iii) General Manager of the Regional Office of RBI under whose jurisdiction the complaint relates
iv) Deputy Governor of RBI

Exam Pattern