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      Question

      During the 2019-24 strategy phase, which operational

      framework did the Reserve Bank of India legally integrate into KYC norms to enable completely paperless customer onboarding?
      A Automated Biometric Facial Scanning (ABFS) Correct Answer Incorrect Answer
      B Decentralized Ledger Attestation (DLA) Correct Answer Incorrect Answer
      C Video-based Customer Identification Process (V-CIP) Correct Answer Incorrect Answer
      D Digital Signatory Authentication (DSA) Correct Answer Incorrect Answer
      E Peer-to-Peer Verification Networks (P2PVN) Correct Answer Incorrect Answer

      Solution

      To scale up remote, secure digital onboarding, the RBI officially introduced and legally integrated the Video-based Customer Identification Process (V-CIP) into its Master Directions on KYC.

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