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    Question

    The Finance Ministry has allowed _______ financial

    companies to undertake Aadhaar-based authentication of clients & as they are already reporting entities under the PMLA, will be able to verify the identity of clients and beneficial owners' details using their Aadhaar numbers.
    A 19 Correct Answer Incorrect Answer
    B 21 Correct Answer Incorrect Answer
    C 22 Correct Answer Incorrect Answer
    D 25 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Finance Ministry has allowed 22 financial companies, including Amazon Pay (India) and Hero FinCorp, to undertake Aadhaar-based authentication of clients. ┬а These 22 companies, which are already reporting entities under the PMLA, will be able to verify the identity of clients and beneficial owners' details using their Aadhaar numbers. ┬а┬а These 22 financial companies include Godrej Finance, Amazon Pay (India) Pvt Ltd, Aditya Birla Housing Finance, Tata Motors Finance Solution, IIFL Finance and Mahindra Rural Housing Finance Ltd.

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