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In a trust, beneficiaries are identified if their interest is at least:
A30 per cent
B40 per cent
C10 per cent
D20 per cent
Answer & Solution
Correct answer: C. 10 per cent
1. The author and trustee are identified in every case.
2. Beneficiaries are identified above a threshold.
3. That threshold is 10 per cent or more.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
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