Question

    What is the primary role of the Central KYC Records

    Registry (CKYCR)? 
    A Store KYC records only for corporate clients Correct Answer Incorrect Answer
    B Verify customer identities for high-risk accounts Correct Answer Incorrect Answer
    C Receive, store, and retrieve digital KYC records of customers Correct Answer Incorrect Answer
    D Manage interbank transfers Correct Answer Incorrect Answer
    E Audit REs periodically for compliance Correct Answer Incorrect Answer

    Solution

    CKYCR is a central repository that collects, stores, and allows retrieval of KYC records, facilitating a unified customer identification system across REs in India. 

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