BANK SIDBI Grade A (General) Phase I Mock Test 2024 Banking and Financial Awareness KYC & Money Laundering
Which of the following statements about customer identification procedures (CIP) is correct?
1. Customer's financial status must be documented.
2. Verification of business activity is optional.
3. Records of customer's associates are mandatory.
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