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Multiple Choice Questions

Which of the following is a 20 character global reference number conceived by G 20 that uniquely ide...........

Finance (RBI) Financial System

Which of the following is a 20-character global reference number conceived by G 20 that uniquely identifies every entity or structure that is a party to a financial transaction, in any jurisdiction?

(1 Marker)

This questions was previously asked in

RBI Grade B Phase 2 Exam (2022)

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Explanation:

This is a current affairs-based question. Topic – “FINTECH”. The Legal Entity Identifier (LEI) is a 20-character alphanumeric code used to uniquely identify parties to financial transactions worldwide. It has been implemented to improve the quality and accuracy of financial data reporting systems for better risk management. As I already mentioned ALWAYS KEEP YOURSELF UPDATED with current affairs. In this era, examiners look for versatile candidates, they want to know everything. I know I know this sounds a little bizarre but trust me if you keep your resources limited and revise regularly you will be able to score good marks.

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