Question
Which of the following is NOT a requirement for the
Customer Identification Procedure (CIP) under RBI's KYC regulations for financial institutions?Solution
RBI guidelines strictly prohibit using introductions from existing customers as a means of verifying new customers. This is to ensure that financial institutions independently verify the identity of their customers, avoiding the risks associated with fraudulent activities. The other options are requirements as part of the Customer Identification Procedure (CIP) , ensuring thorough customer verification and documentation.
Which of the following CANNOT be undertaken as a function by the India Post Payment Bank?
The Motor Vehicles Act, 1988 requires what document as proof of insurance?
What are the documents to be kept in the vehicle while driving in public places?
Which of the following principles of Insurance denotes insurance of same subject matter with two different companies or with the same company under two ...
A clause that allows the transfer of rights under a policy from one person to another, usually by means of a written document is called?
Intangible assets cover non-physical assets that cover ________________.
The first unit-linked insurance plan (ULIP) was launched by which of these countries?
The headquarters of Agriculture Insurance Company is located in?
In case of an individual, the proposed shareholding in the paid up equity capital of the insurance company is capped at _____________ percent
In relation to insurance sector, what is the full form of FPR?