BANK SIDBI Grade A (General) Phase I Mock Test 2024 Current Affairs Business and Economy Economic and Financial Affairs
Consider the following statements about the updated KYC Master Directions by the RBI:
1. Regulated Entities (REs) need to apply Customer Due Diligence (CDD) at the Unique Customer Identification Code (UCIC) level.
2. High-risk accounts require intensified monitoring as per the revised guidelines.
3. The Central KYC Records Registry (CKYCR) must update KYC records within seven days of receiving updated information from REs.
Which of the statements given above is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
All of the above
5
None of the above