BANK SIDBI Grade A (General) Phase I Mock Test 2024 Current Affairs Business and Economy Economic and Financial Affairs
What is the primary purpose of the Central KYC Records Registry (CKYCR)?
1
To ensure compliance with the Unlawful Activities Prevention Act, 1967.
2
To maintain and update centralized KYC records for financial entities.
3
To monitor and restrict high-value cash transactions.
4
To enable digital onboarding of customers across banks.
5
To facilitate the use of Aadhaar-based verification.