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      Question

      RBI made Legal Entity Identifier (LEI) mandatory for

      cross-border transactions for capital or current account transactions of Rs 50 crore and above, from ___________.
      A December 1, 2021 Correct Answer Incorrect Answer
      B January 1, 2022 Correct Answer Incorrect Answer
      C April 1, 2022 Correct Answer Incorrect Answer
      D July 1, 2022 Correct Answer Incorrect Answer
      E October 1, 2022 Correct Answer Incorrect Answer

      Solution

      RBI made Legal Entity Identifier (LEI) mandatory for cross-border transactions for capital or current account transactions of Rs 50 crore and above, from October 1, 2022. The LEI is a 20-digit number used to uniquely identify parties to financial transactions worldwide to improve the quality and accuracy of financial data systems.

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