KYC stands for:
AKnow Your Customer
BKeep Your Cash
CKnow Your Credit
DKey Your Code
Answer & Solution
Correct answer: A. Know Your Customer
1. The question asks: KYC stands for.
2. Correct answer: Know Your Customer.
3. KYC is the customer-identification process banks must follow.
_Source: BOI Quick Revision — General Banking & Financial Awareness (2020), Abbreviations_