n NISM Certifications
NSM General NISM
Medium

Whose KYC needs to be completed in case of an application by a minor?

Practice question from INVESTOR SERVICES Test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The minor

  2. The guardian

    Correct answer

  3. C

    Any family member of the minor

  4. D

    No KYC is required in case of applications by minors

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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