Question
What is the purpose of performing Due Diligence by banks
under KYC norms?Solution
Due diligence helps banks understand a customer's financial profile and intentions, allowing them to identify credit risks and prevent fraud. It’s a core step in a risk-based KYC process, especially for MSME borrowers where documentation may vary.
Statements:No town is a city.
All cities are islands.
Conclusions:I. No island is a town. Â
II. All islands are cities.
Statements :
Only a few year is month
Mostly month is day
Conclusions :
I. All year can be month
II. Few day is year
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statement:
Only a few internet are system.
All system are network.
Only network is intranet.
No network is browse. ...
Statements:
Only a few Mobile is Laptop
All Laptop is Computer
No Computer is TV
Conclusions:
I) Some Mobile is ...
Statement :Â Some letters are alphabets.
                              All alphabets are words.
Some ...
In the question below three statements are given fol lowed by three conclusions I and I I. You have to take the given statements to be true even if the...
Statements: Â Â some record are folder.
                             No folder is a data.
     ...
Statement :Â No cup is a saucer.
           Some saucer are cubes.
          All plates ar...
In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if t...
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