Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: | Capital Adequacy, Basel Norms & Monetary Policy

Q21: Regarding the "Customer Acceptance Policy," banks are explicitly prohibited from opening accounts in which of the following manners?

A
Accounts for walk-in customers
B
Accounts in anonymous, fictitious, or benami names
C
Joint accounts with more than two holders
D
Accounts for non-face-to-face customers
✅ Correct Answer: B
The bank shall not open any account in an anonymous or fictitious / benami name.