BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following is true about “White Card"?
|
|
It is related to companies producing milk products
|
|
|
It does not carry on its face, the brand of the issuer
|
|
|
It is meant to covert blank money into the economy
|
|
|
It is a card that provides white money
|
Explanation:
Detailed explanation-1: -“Non-face-to-face customers” means customers who open accounts without visiting the branch/offices of the REs or meeting the officials of REs.
Detailed explanation-2: -Detailed Solution. The correct answer is 1 only. A Commercial Paper (CP) is an unsecured loan raised by firms in money markets through instruments issued in the form of a promissory note.
Detailed explanation-3: -Explanation: FATF Public Statement, the reports and guidance notes on KYC/AML issued by the Indian Banks Association (IBA), guidance note circulated to all cooperative banks by the RBI etc., may also be used in risk assessment. 13.
There is 1 question to complete.