Q16: In the context of wire transfers, what does "Cross-border wire transfer" refer to?

Any wire transfer where the ordering and beneficiary financial institutions are located in India, but the payment system is in another country.

Any wire transfer where the ordering financial institution and beneficiary financial institution are located in different countries.

A transfer comprised of a number of individual wire transfers being sent to the same financial institution.

A direct sequential chain of payment where the payment message travels together with the wire transfer.

✅ Correct Answer: B

A "Cross-border wire transfer" refers to any wire transfer where the ordering and beneficiary financial institutions are in different countries.

This definition helps clarify jurisdiction issues in RBI KYC Guidelines MCQs.

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