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      Question

      KYC used in the Banks in India, the main aim for using

      KYC in bank is_____
      A It is used by the central bank to control liquidity Correct Answer Incorrect Answer
      B It is used for increasing the CRR of banks Correct Answer Incorrect Answer
      C It is used for customer identification Correct Answer Incorrect Answer
      D It is used against money laundering Correct Answer Incorrect Answer
      E Both 3 and 4 Correct Answer Incorrect Answer

      Solution

      The correct answer is E

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