Which of the following is the purpose of
introducing Know Your Customer norms by the banks?

Question

Which of the following is the purpose of
introducing  Know Your Customer  norms by the banks?

TuteeHUB · Accepted Answer

None of the Above

TuteeHUB · Answer

Identifying people who do not pay Income Tax

TuteeHUB · Answer

To bring more and more people under the banking net

TuteeHUB · Answer

To ensure that the money deposited in banks has come from genuine sources

TuteeHUB · Answer

Both a) and b)

1.	Which of the following is the purpose of introducing Know Your Customer norms by the banks?
A.	Identifying people who do not pay Income Tax
B.	To bring more and more people under the banking net
C.	To ensure that the money deposited in banks has come from genuine sources
D.	None of the Above
E.	Both a) and b)
Answer» D. None of the Above

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