New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which of the following options accurately describes the

    structure of LEI digits?
    A 10 alphanumeric characters followed by 10 numerical digits. Correct Answer Incorrect Answer
    B 10 numerical digits followed by 10 alphanumeric characters. Correct Answer Incorrect Answer
    C 20 numerical digits. Correct Answer Incorrect Answer
    D 20 alphanumeric characters. Correct Answer Incorrect Answer
    E 10 alphanumeric characters. Correct Answer Incorrect Answer

    Solution

    The Legal Entity Identifier ( LEI ) is a 20 - character alpha - numeric code used to uniquely identify parties to financial transactions worldwide . It has been implemented to improve the quality and accuracy of financial data reporting systems for better risk management . It is used to create a global reference data system that uniquely identifies every legal entity in any jurisdiction that is party to a financial transaction .

    Practice Next

    Relevant for Exams: