Preview Questions Compliance Officer | Role Specific Skill

Question 1: What is the impact of a whistleblower protection program in regulatory compliance?

Which action should you take?

Choose only one option

Improves financial performance

Reduces legal liability

Discourages internal fraud

Encourages internal reporting of violations

Question 2: What is the primary function of the Basel III framework in regulatory compliance?

Which action should you take?

Choose only one option

Enhance financial institution stability

Prevent money laundering

Reduce operational risks

Limit risky lending

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: Which international organization sets out the principles for sound management of operational risk in the banking sector?

Which action should you take?

Choose only one option

Basel Committee on Banking Supervision (BCBS)

International Monetary Fund (IMF)

World Bank

Financial Stability Board (FSB)

Question 5: What is the purpose of stress testing in regulatory compliance for banks?

Which action should you take?

Choose only one option

Identify fraudulent activities

Evaluate the resilience of financial institutions under adverse conditions

Ensure customer satisfaction

Reduce regulatory reporting frequency

Question 6: How should compliance officers address errors identified in previously submitted regulatory reports?

Which action should you take?

Choose only one option

Notify authorities but avoid resubmission

Submit a corrected report with a justification

Submit a new report

Ignore minor errors