Which of the following is the purpose of introducing 'Know Your Customer' norms by the banks? [SBI PO 2011]

To ensure whether the money deposited in the & bank is of an India or a foreign national

To bring more and more people under the banking net

Identifying people who do not pay income tax

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

Which of the following is the purpose of introducing 'Know Your Custom

1.	Which of the following is the purpose of introducing 'Know Your Customer' norms by the banks? [SBI PO 2011]
A.	To bring more and more people under the banking net
B.	Identifying people who do not pay income tax
C.	To ensure that the money deposited in banks has come from genuine sources
D.	To ensure whether the money deposited in the & bank is of an India or a foreign national
E.	None of the above
Answer» D. To ensure whether the money deposited in the & bank is of an India or a foreign national

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Which of the following is the purpose of introducing 'Know Your Customer' norms by the banks? [SBI PO 2011]

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