Preview Questions Compliance Officer | Role Specific Skill

Question 1: What is the purpose of an Exception Report in compliance?

Which action should you take?

Choose only one option

Highlight deviations from established compliance processes

Measure customer satisfaction

Track employee performance

Summarize marketing expenses

Question 2: How does the Volcker Rule restrict U.S. banks in compliance with Dodd-Frank?

Which action should you take?

Choose only one option

Bans foreign currency transactions

Limits proprietary trading

Caps interest rates on loans

Restricts lending to non-financial entities

Question 3: According to SEBI regulations, what is the minimum net worth requirement for a stockbroker?

Which action should you take?

Choose only one option

?3 crore

?1 crore

?5 crore

?2 crore

Question 4: How do compliance officers ensure data consistency in multi-jurisdictional reporting?

Which action should you take?

Choose only one option

Develop a centralized reporting system

Rely on risk-based reporting

Outsource reporting to local firms

Follow jurisdiction-specific templates

Question 5: Which of the following is critical in identifying suspicious financial activities during an investigation?

Which action should you take?

Choose only one option

Analyzing transaction patterns for inconsistencies

Checking the client's credit score

Tracking employee performance metrics

Verifying the client's identity with a government-issued ID

Question 6: What is the penalty under the RBI Act for non-compliance with its directives?

Which action should you take?

Choose only one option

?10 lakh per day

?2 lakh per day

?5 lakh per day

?1 lakh per day