BANK SIDBI Grade A (General) Phase I Mock Test 2024 Banking and Financial Awareness KYC & Money Laundering
As per SIDBI's KYC policy, which of the following statements is/are true regarding monitoring of transactions?
1. Monitoring is based on the customer's risk profile.
2. Crossed cheques and demand drafts are preferred payment modes.
3. Cash transactions are allowed for high-risk customers.
1
1 and 2 only
2
2 and 3 only
3
3 only
4
1 and 3 only
5
All of the above