Question
Which of the following obligations are laid down by
Section 12 of Prevention of Money Laundering Act 2002 on banking companies, financial institutions and intermediaries? I. maintain a record of all transactions II. maintain record of documents evidencing identity of its clients and beneficial owners III. Keep all the information maintained or furnished as confidentialSolution
Explanation: Section 12 of Prevention of Money Laundering Act: 1) Every reporting entity shall: (a) maintain a record of all transactions, including information relating to transactions covered under clause (b), in such manner as to enable it to reconstruct individual transactions; (b) furnish to the Director within such time as may be prescribed, information relating to such transactions, whether attempted or executed, the nature and value of which may be prescribed; (e) maintain record of documents evidencing identity of its clients and beneficial owners as well as account files and business correspondence relating to its clients.
Integrity(1)/ and ethical conduct of the medical and legal professional(2)/ need supplementary fortification(3)/ , on matters beyond passive euthanasia...
Identify the segment in the sentence, which contains the grammatical error
Nikhil is more braver than Sushant who is afraid of the dark.
1. Plankton is our planet’s most prolific life form, and the food it generates makes up the base layer of the global food chain.
2. The variety...
Read the sentence to find out whether there is any part with grammatical error in it.Â
Although to our knowledge (1)/there exists no empiri...
Identify the segment in the sentence, which contains the grammatical error.
One should be careful to re-read what they has written.
According to Indian philosophy, 1) / the body is 2) / like a piece of clothing only to be changed with time, 3) / but the soul remain the same 4...
The words, restless and (A)/uncompromising, ask you to woke up, (B)/to change your life and (C)/to find a better way to live (D).
The museum tells the story (1)/in India after Independence (2)/through the lives and contributions (3)/of its prime ministers (4).
The midnight session in Parliament that marked India’s transition to Goods and Services Tax was reminiscent of a similar occasion on the eve of India�...
We have entered into an agreement to buy 100 per cent of the equity shares of England-headquartered company in an all cash deal ofRs. 250 crore.Â
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