Question

What does "beneficial owner" mean________ 

A A person who receives dividends from a company's profits
B An individual who has no control over the assets of a client
C An individual who is a nominal account holder at a financial institution
D An individual who only manages assets on behalf of another person
E An individual who ultimately owns or controls a client or conducts transactions on behalf of another, including control over a juridical person
Practice Next

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)