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    Question

    Approximately what share of investment advisors had not

    secured Valid UPI handles at rollout, according to the note?
    A Nearly 10% Correct Answer Incorrect Answer
    B Nearly 15% Correct Answer Incorrect Answer
    C Nearly 20% Correct Answer Incorrect Answer
    D Nearly 25% Correct Answer Incorrect Answer
    E Nearly 30% Correct Answer Incorrect Answer

    Solution

    The rollout encountered friction: about one-quarter of investment advisors had yet to obtain Valid UPI handles. Reported causes included record mismatches, banks’ limited awareness, missing banks on the approved list, and names not appearing on SEBI’s SI portal, which led to application rejections. Banks additionally mandated current accounts for fee collection, adding a compliance step; BSE escalated follow-ups with intermediaries and banks.

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