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Commerce · Q753

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 753

Q753

Which of the following safeguards are incorporated in Kisan Vikas Patra to prevent money laundering? 1. Upper investment limit is Rs. 10 lakh for an individual. 2. Person has to provide copy of PAN card for investment of Rs. 50,000 or more. 3. Person has to disclose source of income, if investment more than Rs. 10 lakhs. 4. No account can be opened without UID-Aadhar card.

A.
Only 1 and 2
B.
Only 2 and 3
Answer
C.
Only 1 and 3
D.
All of them

Answer: Option B

Solution

Answer: Option B
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