SEBI - Investor Certification Examination
SEBI - Investor Certification Examination
Q 31. What is the primary focus of a small finance bank?
Providing services to high-net-worth individuals
Extending loans to large corporations
Serving unserved and underserved sections of the population
Providing offshore banking services
Q 32. What role does a Business Correspondent typically play?
Providing investment advice to customers
Managing the bank's branch operations
Representing the bank in remote locations to assist customers with banking transactions
Issuing credit cards
Q 33. What services can a Business Correspondent provide to customers?
Investment management
Collection of payment/fees
Stock trading
Mortgage loans
Q 34. What is a crucial feature of Digital Payments according to the provided guidelines?
Regularly changing passwords and security settings
Sharing passwords with trusted friends
Using public Wi-Fi for banking transactions
Leaving the handset unattended while logged into banking apps
Q 35. What is advised regarding saving mobile banking login credentials on the phone?
Saving them in the phone's notes app
Memorizing them
Saving them in the phone's contacts
Writing them down on a visible location
Q 36. When is it recommended to use Internet Banking on secure networks?
At public places like cybercafés
On unsecured Wi-Fi networks
At airports and railway stations
At home or work
Q 37. What is the advised action after completing a transaction on Internet Banking or Mobile Banking?
Share the transaction details on social media
Keep the application logged in for future use
Log out immediately
Close the window without logging out
Q 38. What is the recommended action regarding account balance statements and transaction history?
Review them monthly
Share them with friends
Ignore them
Share them with strangers
Q 39. What should be done with the mobile banking app and phone's security systems?
Keep them outdated
Never update them
Update them regularly
Share them with friends
Q 40. What action is advised regarding the use of passwords and security settings for digital devices?
Never change them
Share them with family members
Change them regularly
Use simple and easy-to-guess passwords
Q 41. When should Internet Banking be avoided according to the guidelines?
At home
On the bank's secure website
On unsecured Wi-Fi networks
At work
Q 42. What is the recommended action regarding handset security during financial transactions?
Leave the handset logged into a banking app
Share the handset with strangers
Keep the handset unattended
Use the handset for gaming during transactions
Q 43. What is advised regarding the completion of a transaction on Internet Banking or Mobile Banking?
Keep the application logged in
Share transaction details on social media
Log out immediately
Keep the transaction details visible to others
Q 44. What is the primary difference between a credit card and a debit card?
Credit cards require immediate money, while debit cards offer credit facilities.
Credit cards are linked to savings accounts, while debit cards are not.
Credit cards allow borrowing from the bank, while debit cards use your own money.
Credit cards have no interest, while debit cards do.
Q 45. What happens if you don't pay the outstanding amount on your credit card on time?
The bank will cancel your credit card.
The bank will charge interest.
The bank will increase your credit limit.
The bank will waive the outstanding amount.