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    Question

    The Legal Entity Identifier (LEI) (operated by

    authorized providers like LEIL) is primarily:
    A A 20-character alphanumeric global identifier for legal entities involved in financial transactions to improve data quality and risk management Correct Answer Incorrect Answer
    B A software package for payroll accounting Correct Answer Incorrect Answer
    C A brand of credit card issued by Indian banks Correct Answer Incorrect Answer
    D An import license for agricultural produce Correct Answer Incorrect Answer
    E A tax registration certificate Correct Answer Incorrect Answer

    Solution

    The LEI system issues a 20-character code to uniquely identify legal entities participating in financial transactions worldwide, improving transparency and risk aggregation; national LEI providers implement and issue LEIs under global rules. 

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