Preview Questions Compliance Officer | Role Specific Skill

Question 1: Which of the following is not a component of the Basel III framework?

Which action should you take?

Choose only one option

Leverage Ratio Requirement

Transaction-Based Risk Requirements

Liquidity Risk Management

Market Risk Capital Requirements

Question 2: When managing compliance in a multinational bank, how do you handle conflicting regulatory requirements across jurisdictions?

Which action should you take?

Choose only one option

Follow the most restrictive jurisdiction's rule

Align with home country regulations

Apply a principle-based compliance framework

Seek legal advice for each transaction

Question 3: What is the purpose of a heat map in risk management?

Which action should you take?

Choose only one option

Evaluate customer feedback

Monitor compliance training

Track financial performance

Visualize the likelihood and impact of identified risks

Question 4: What is the primary function of the Monetary Authority of Singapore (MAS) Notice 626?

Which action should you take?

Choose only one option

Restrict foreign investments in banking

Enhance consumer protection laws

Mandate anti-money laundering practices

Define capital adequacy requirements

Question 5: Which of the following is a critical first step in initiating an internal compliance investigation?

Which action should you take?

Choose only one option

Informing all stakeholders

Drafting the final report

Issuing penalties

Collecting preliminary evidence

Question 6: Which section of the Information Technology Act, 2000, deals with the legal recognition of electronic records?

Which action should you take?

Choose only one option

Section 5

Section 4

Section 6

Section 3