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Module: General Practice

Q49: For the purpose of opening an account, which of the following entities are explicitly included under the term "Unincorporated Association"?

A
Unregistered trusts and partnership firms
B
Private Limited Companies
C
Limited Liability Partnerships (LLPs)
D
Government Departments
✅ Correct Answer: A
Explanation: Unregistered trusts / partnership firms shall be included under the term 'unincorporated association'. This definition helps in determining beneficial ownership in the IIBF AML KYC Exam 2026.
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