Preview Questions Retail Banker | Role Specific Skill

Question 1: What is the significance of transaction monitoring systems in compliance programs?

Which action should you take?

Choose only one option

To enhance user experience

To generate automated marketing reports

To detect unusual patterns potentially linked to illicit activities

To improve loan processing speeds

Question 2: Which is the primary function of sanctions screening in retail banking?

Which action should you take?

Choose only one option

Determining customer loan eligibility

Enhancing marketing strategies

Preventing prohibited individuals from accessing financial systems

Identifying accounts for premium services

Question 3: How does a Retail Banker assess a self-employed borrower's income for a loan application?

Which action should you take?

Choose only one option

Accept monthly cash flow statements

Rely on verbal confirmation

Review tax returns and audited accounts

Verify personal savings

Question 4: What is the purpose of loan prepayment penalties?

Which action should you take?

Choose only one option

To compensate the lender for lost interest

To increase profitability for borrowers

To ensure loan tenure remains fixed

To discourage default

Question 5: A bank is considering increasing its loan portfolio exposure. To assess the credit risk, what would be the best approach?

Which action should you take?

Choose only one option

Focusing solely on borrowers with high credit scores

Increasing credit limits for existing clients

Expanding loans to clients with low debt-to-income ratios

Conducting a sensitivity analysis and stress testing based on potential economic shocks

Question 6: What is the primary role of the Volcker Rule in retail banking?

Which action should you take?

Choose only one option

To simplify credit card offerings

To ensure higher interest rates

To prohibit proprietary trading by banks

To enhance mobile banking features