Question

Which of the following Acts primarily gives the legal backing for the Know Your Customer (KY

  • C guidelines issued by the Reserve Bank of India? 
A The RBI Act, 1934
B The Banking Regulation Act, 1949
C Prevention of Money Laundering Act (PMLA), 2002
D Foreign Exchange Management Act, 1999
E Negotiable Instruments Act, 1881
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)