THE INSTITUTE OE CHARTERED ACCOUNTANTS OF INDIA
Tnterna I A udit Stdnda rds Boaro
Model Question Paper
Certificate Course on Concurrent Audit of Banks
(This Model paper contains 20 Questions. However, the final
examinatio:r contains 100 Questions. You will be given 90 minutes
to complete the test)
Baicll.
Name
Membership Number
Number of Suestions: 20
Directions of the Questions: Choose the Iight ansrver to each question out oI the
options provided
QUESTION PAPER
ABOUT THE TEST
1. This
test has
equal marks.
:
fifty
HOW TO ANSWER
1.
2.
3.
(20) quesiions lo examine yoLu abilities. Each question carties
r
There is only one co ect ansn'er for each question and ans."\.er the questions b),
wdting the iight opiions in Ansn er Colurnn. There is no negative marking.
Do the rough work onl1, on Tg51 pap"r.
Follow the instructions of the invigilator'.
AFTFR THE TEST
1. At the end of the test, lemain
Sheets From
your
seated
until thc invillilator collects the A1-6wer
seats.
ANY CANDIDATE GIVING/ SEEKING/ RECEIVING ASSISTANCE OR FOUND
COPYINC WILL BE DISQUALIFIED
Questions
Cuidelines
of
conducting internal
environment is provided in
(a) 10
(b) 12
SIA
/
concu(cnt audii
Pronounced by ICAI
(c) 1a
(d) 16
i Which Actin India addresses the issue of laundeted noney coming
into and going out of India
(a) PMLA
(b) SOX Act, 2002
(c) Anti-Bibery Act
(d)
SAITFAESI
Act
2002
Lrad IRi-l A,-e-5mLnt oI the b, rr'r\dr unrl\r\lor
(a) Assessing the repayment Capacity
(b) To fix ihe pricing oI the producr
(c) To revie\,. the units performance
dl None
of the above
The term cost of capital for a project depends on:
(a) The use to which the capital is put, i.e. the proj€ct
(b) The company's cost of capital
(c) The indLLSIry cost ol capital
(d) A1l of the above
I ITF stands
I
for
(a) International Tclecom Facilit)'
(b) Integrated Text leature
(c) InteErated Tesi Facilitv
(d) Nonc of the above
ueqlion'
Q
(errLrar
Banl,'
lndi,r,
i'"
_ rlion r i,'eo odnk'
ll ''la*'f-'l,J_:
lry"r
(a) Co-operative Socieq/ registered under the Co oPeratiYe
Societies Act
(b) Body coiporate constituted under sPecial statute/s
(c) ComPan)' registered under the lndian ComPanies Act1956
(d) either (b) or (c)
The
full form of
NIPBF is:
(a) Maximum Permissible Bank linance
(b) Minimum Possibie Bank Finance
1,, Vld\inu'-r lro\ i-ion of Brnl fd, -r n;
(d) None of the above
deal vvithi
(a) filuncial suPervision of banks/financial institutions
(b) policJ, planning of cooPerative banks
(c) mana8ement of forex/forex reserves
(d) caPital manaBement and btsiness of banks
The Reserve Bank
of India Act,t934
CRII and SLR are techniques of
(a) Co-OPerative Banks
(b) State Bank of India
does not
:
(c) RBi
d) TDBI
10.
Bancassurance is
:
(a) an insurance scheme to insure bank dePosiis
(b) an insurance scheme exclusively for the employees of banks
(c) a composite financial seNice offering both bank and
insurance prodtlcts
(d) a bank deposit schcme exciLrsively for ernPloyees of
insurance comDanies
C
1
S. No.
14.
Questions
Answers
bdr\ir!
Banl,irSR.gulnlionA.llo4o\^d-(.d(ledi^regLrl'le:
{dr lle-, r\ e B.,nk ol lnlli"
r(1,
13.
_
(or(
ror oJn[:ng (on panie(L) rooper.rli\e ldnd oe\cloPme_t bdr k\
(d) primary agricultural credit societies
B,rnk { grarl...r ovcrordft o AB, IIIatsdn'llro,kdFbl-.'hi'i.
.c.ur.d
by:
T-)
D
U
(d) lr\ pUlh.crtiorbr pledee
() nortgdec
(d) a--igrm. rt
I5.
16.
'PIN' in
ATM card is :
(a) Permanent InJormation Number
(b) Personal Identification Number
(c) Professional Identilication Number
Id) Permanent Identification Number
"Buy Now - Pay Later " is commonly used for
(a) Credit cards
(b) ATM Cards
(c) Charge Cards
(d) None of the above
a
B
r
17.
Long Form Audit Report (LFAR) is prcpared/ submitted by:
(a) bank's concurrent auditor/s
(b) RBI inspector/s
(c) stahrtory auditors
(d) all oI the above
18.
l,Vhich ol the lo11o1\,ing asset/s is/arc not NPAS:
(a) Fixcd Assets
(b) Standard Assets
(c) Both (a) and (b)
(d) Neithcr (a) nor (b)
'19
Concepi of Dynamic Provisioning is introduce.l bv:
(a) ICAI
(b) RBI & BASEL
fc) Bankinq Requlation Act, 19.19
A
C
A
B
S. No.
Ouestions
(d) Concurrent Audit Manua1
20.
Which of the following tecluriques can be applied in concurrent
au dit in CBS environment:
(a) Exception report review
(b) inspectiory observatioq recaiculation
(c) auditing 'through' ihe computer
1d) all of lhe abore
B
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