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    Question

    KYC norms are primarily governed under which of the

    following legislations?
    A Companies Act Correct Answer Incorrect Answer
    B Prevention of Money Laundering Act Correct Answer Incorrect Answer
    C RBI Act Correct Answer Incorrect Answer
    D Banking Regulation Act Correct Answer Incorrect Answer
    E FEMA Correct Answer Incorrect Answer

    Solution

    The PMLA, 2002 lays the foundation for KYC compliance in Indian banking to prevent money laundering and illegal financial activity.

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