Question
Which Act lays down provisions related to KYC
norms?Solution
Section 11A. Verification of Identity by Reporting Entity—(1) Every Reporting Entity shall verify the identity of its clients and the beneficial owner, by— (a) authentication under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016) if the reporting entity is a banking company; or (b) offline verification under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016); or (c) use of passport issued under section 4 of the PassportsAct, 1967 (15 of 1967); or (d) use of any other officially valid document or modes of identification as may be notified by the Central Government in this behalf.
The Ministry of Textiles has recently approved 4 Start-Ups under which scheme?
Which of the following provides the measure of the general price inflation in an economy?
Which of the following is FSSAI’s initiative to create safe, healthy, and sustainable food environments within various institutions and workplaces?
The marginal rate of substitution (MRS) represents:
The Forest Rights Act, which seeks to recognise and vest forest rights in Scheduled Tribes and other traditional forest dwellers, was enacted in which y...
Which of the following is the prime utility of UMANG App?
Government fixes Minimum Support Price (MSP) for 22 mandated agricultural crops and Fair & Remunerative Price (FRP) for:
Which of the following sectors is not part of the Industrial Index of Production ?
Under the Digital India Land Records Modernization Programme (DILRMP), each land parcel is assigned a Unique Land Parcel Identification Number (ULPIN) c...
Index of Industrial Production (IIP) is an indicator that measures the changes in the volume of production of industrial products during a given period...
