alleryAn account kept for a proprietorship business is deemed to be:
AThe incumbent's
BThe inspector's
CThe individual's
DThe institution's
Answer & Solution
Correct answer: C. The individual's
1. Nomination is offered in such accounts.
2. The business is not a separate person here.
3. The account is deemed to be the individual's own.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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