Question

Under the Risk-Based Approach prescribed by the Reserve Bank of India, in which specific scenario is a banking institution required to apply Enhanced Due Diligence (ED

  • D ?
A When a customer opens a standard low-value salary account
B When customers are explicitly assessed as high risk
C When a customer executes routine automated utility bill payments
D When dealing with domestic entities operating in low-risk sectors
E When onboarding individuals through verified face-to-face interactions
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)