One of the major challenges banking industry is facing these days is money laund

Question

One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/ norms are launched by the banks to prevent money laundering in general?

Options:

A . Banking Regulation Act

B . Know Your Customer Norms

C . Negotiable Instrument Act

D . Narcotics and Psychotropic Substance Act

Answer: Option B

Submit Your Solution Below and Earn Points !

Next Question

Submit Solution

More Questions on This Topic :

Question 1. Which of the following is the Capital Market regulator?....

Question 2. We know that RBI is the apex bank of India. Similarly the apex Bank of the USA is:....

Question 3. Sales above Break even point is called ___....

Question 4. Authorized Dealers for foreign transactions are appointed by:....

Question 5. As per the report published in the newspaper, the banks, particularly public sector banks are tying up with various rati....are such credit rating agencies in India? A. CARE B. CRISIL C. ULIP

Question 6. As a practice, all banks now deduct some amount from their pre- tax income and set aside in a separate account to create....for the loans which may go bad. This is called:

Question 7. The power of the commercial banks to expand deposits through expanding their loans and advances is known as ____.....

Question 8. The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) meant for ....recovery of loans which have become NPAis not applicable to:

Question 9. Which of the following is not a primary function of a Bank?....

Question 10. Reserves which can act as a liquidity buffer for commercial banks during crisis times are....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0

Submit Solution

More Questions on This Topic :

Latest Videos

Latest Test Papers