Question
Under RBI’s KYC Directions, which category of bank
account is permitted to be opened with simplified documentation (relaxed KYC norms), subject to restrictions on balance and transaction limits?Solution
• RBI permits opening of Small Accounts with relaxed KYC requirements, mainly to promote financial inclusion. • Such accounts can be opened with only a self-attested photograph and signature/thumb impression (no full KYC initially). • However, they come with restrictions: o Maximum balance: ₹50,000 at any time. o Aggregate credits: Not more than ₹1,00,000 in a year. o Aggregate withdrawals/transfers: Not exceeding ₹10,000 in a month. • To continue operating beyond 12 months, the account holder must complete full KYC.
Statement : Â
Some candles are matches.
Some matches are rockets.
Conclusion:
I. Atleast some rockets are candles.
II. No rocket is a candle.
Statements : Some sticks are canes
All canes are rods.
All rods are pipes.
Conclusions :
I. Some sticks are rods.
...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statement: Â
Only a Few DairyMilk are Kitkat.
No Kitkat is Fiverstar.   Â
Conclusion:
I. All DairyMilk are Fivest...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Three statements are given, followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance wit...
Statements:Some combs are boxes.
All boxes are mirrors.
Conclusions:I. Some boxes are combs.Â
II. Some mirrors are combs.
Statements: Only books are staplers.
All pencils are books.
All pencils are glasses.
No glass is a jug.
Conclusions: I....
Three statements are given, followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at varia...
In the following question, some conclusions are given and some statements are given you have to take the given conclusions to be true even if they seem...
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