Banking General Awareness Financial Reforms in Banking Sector Question Bank Financial Reforms in Banking Sector

  • question_answer
    Know Your Customer (KYC) norms are required to be strictly followed by banks. It means

    A)  providing improved customer services

    B)  determining the identity and residence proof of account holders through approved documents

    C)  ensuring that staff members know the customers

    D)  organising regular customer service meetings

    E)  None of the above

    Correct Answer: B


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