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Indian Financial Laws Test
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Indian Financial Laws Test

This test enables recruiters and L&D managers to evaluate individuals' proficiency in India's financial laws and regulations. Using it, you can reduce hiring costs by up to 40% and conduct department-wide training needs analysis.

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Indian Financial Laws Test

The Indian Financial Laws test helps recruiters and L&D managers to assess individuals on critical concepts such as banking, securities, insurance, and tax laws, as well as best practices for compliance with these laws. Upon the completion of the test, you get valuable test reports which help you evaluate the existing and potential employees’ knowledge of Indian financial laws and regulations.

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How it works

Test Summary

Indian Financial Laws test helps to screen individuals who possess the following traits:

  • Understanding Indian Financial Laws - Bank Compliance & Companies Act 2013
  • Knowledge of Indian Financial Laws - Goods and Service Tax Act 2017 & Income Tax Act 1961
  • Understanding of Indian Financial Laws - Transaction Legal compliance

Assessing candidates and employees with our online test is secure and reliable. You can use our role-based access control feature to restrict system access based on the roles of individual users within the team. Features like window violation and webcam proctoring help detect cheating during the test. This assessment can be combined with other finance tests to make it a comprehensive assessment to suit specific job role requirements.

Useful for hiring
  • Compliance Analyst
  • Compliance Manager
  • Legal & Compliance Specialist
  • Banker
  • Insurance Professional
  • Stockbroker
  • Tax Professional
Test Duration
No. of Questions
Level of Expertise
Entry / Mid / Expert
Topics Covered

Indian Financial Laws - Bank Compliance

Recruiters and L&D managers can assess an individual's knowledge of bank compliance laws and regulations related to banking operations, such as KYC and AML.

Indian Financial Laws - Companies Act 2013

It helps you assess an individual's understanding of the Companies Act 2013 and knowledge of the laws and regulations related to the incorporation, management, and dissolution of companies in India.

Indian Financial Laws - Goods and Service Tax Act 2017

Recruiters and L&D managers can assess an individual's knowledge of the GST Act, knowledge of the laws and regulations related to the registration, compliance, and returns filing associated with GST in India.

Indian Financial Laws - Income Tax Act 1961

It helps you assess the individuals’ understanding of the Income Tax Act, knowledge of the laws and regulations related to the calculation, compliance, and returns filing of income tax in India.

Indian Financial Laws - Transaction Legal Compliance

Recruiters and talent managers can gauge an individual's understanding of transaction legal compliance and regulations related to the compliance of financial transactions in India.

Sample Question
Choose from our 100,000+ questions library or add your own questions to make powerful custom tests.
Question type
Multiple Answer
Topics covered
Bank Compliance


Q 1. Abhyuday bank operates across different states. It is governed by the RBI and needs to follow the RBI monetary policy. CA Ritesh, while performing an internal audit, pointed out that the bank has maintained the cash reserve ratio (CRR) at 3%. CA Ritesh is of the opinion that it is not as per RBI monetary policy. How much CRR should the bank maintain as per the latest RBI policy?

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Test Report
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How does an Indian Financial Laws Test help recruiters hire people?
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It allows recruiters to evaluate individuals' knowledge and skills in various areas of Indian Financial Laws. By examining individuals' performance in the test, you can gauge their level of expertise and determine if they possess the necessary skills for the job.

How can I customize this test?
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This test can be custom created according to your requirements. For example, you can personalize your Indian Financial Laws Test by combining it with other related technical and non-technical skills. Moreover, you also get the ability to set the difficulty level of questions according to the role’s needs.

What are the most common interview questions asked for this role?
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Here are a few essential questions for this role:

  • What is the significance of the Reserve Bank of India (RBI) in the Indian financial system?
  • Explain the key provisions of the Companies Act, 2013, related to financial reporting and corporate governance.
  • Differentiate between the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority of India (IRDAI) in terms of their roles and responsibilities?
  • What are the main objectives of the Prevention of Money Laundering Act (PMLA)? How does it impact financial institutions?
  • Explain the concept of insider trading and the laws governing it in India.