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  9. Q237

ibps-so 2021 · Question 237 of 269

e e RBI made Legal Entity Identifier (LEI) mandatory for cross-border transactions for capital or current account transactions of Rs 50 crore and above, from ___________.

  1. ADecember 1, 2021 w w
  2. BJanuary 1, 2022
  3. CApril 1, 2022
  4. DJuly 1, 2022
  5. EOctober 1, 2022Correct

Answer: E. October 1, 2022

Explanation

RBI made Legal Entity Identifier (LEI) mandatory for cross-border transactions for capital or current account transactions of Rs 50 crore and above, from October 1, 2022. The LEI is a 20-digit number used to uniquely identify parties to financial transactions worldwide to improve the quality and accuracy of financial data systems.

Source: IBPS SO Prelims Memory Based 2021 (RA/LO) - ixamBee (compilation B) · memory-based

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