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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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