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For a partnership firm, a beneficial owner holds more than:
A10 per cent
B20 per cent
C30 per cent
D40 per cent
Answer & Solution
Correct answer: A. 10 per cent
1. The test looks at capital or profits of the firm.
2. Control by other means also counts.
3. The ownership threshold is more than 10 per cent.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
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