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      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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