Question
Which of the following is not a recognized method of
conducting Know Your Customer (KYC)?Solution
RBI and UIDAI recognize multiple methods for completing KYC verification: 1. Paper-based (In-person) KYC → Customers physically submit self-attested identity and address proof documents to the financial institution. 2. Aadhaar-based KYC → Authentication is done through UIDAI either via OTP or biometrics, enabling remote verification. 3. Digital KYC / e-KYC → Uses geotagged live photographs, officially valid documents (OVDs), and electronic submission for verification. 4. Video KYC (V-CIP: Video-based Customer Identification Process) → Paperless, remote verification through live video interaction with an authorized official.
A and B started a business by investing Rs. 1200 and Rs. 675, respectively. They remained invested for periods in the ratio of 9:10. If A's share of the...
A & B invested Rs. 2X and Rs. (2X + 900) for same period of time in a business. If A gets Rs. 2500 as profit share out of total profit of Rs....
"Pawan" and "Qureshi" start a business by investing Rs. 'p' and Rs. 'q', respectively. After the first 6 months, "Pawan" raises h...
A starts business with Rs.5000 and after 7 months, B joins with A as his partner. After a year, the profit divided in the 6:7. What is B’s contributi...
‘X’ and ‘Y’ started a business together. The amount invested by ‘X’ is 40% more than that of ‘Y’, while ‘Y’ invested his amount for ...
‘A’ and ‘B’ together started a business by investing their capitals in ratio 3:2, respectively. Nine months later, they both invested Rs. 500 mo...
‘A’ and ‘B’ started a business by investing Rs. 9000 and Rs. 11000, respectively. 12 months later, ‘C’ joined the business by investing Rs. ...
‘A’ invested Rs. 3500 in a business. ‘B’ joined x months later with an investment of Rs. 2500. If at the end of the year, B’s share in the pro...
A, B and C started a business together. The ratio of the investment of A to that of B was 5 : 6 and the ratio of the investment of B to that of C was 12...
P started a business with an investment of Rs.10000, after 6 months Q joined him with Rs.14000 and after another 6 months R joined them with Rs.18000. I...
Relevant for Exams:
