Q34: According to the rules for identifying a Beneficial Owner (BO) for a Legal Person, in which of the following cases is it not necessary to identify and verify the identity of any shareholder or beneficial owner?

When the customer is a partnership firm.

When the customer is a trust.

When the customer is an entity listed on a stock exchange in India.

When the customer is an unincorporated association.

✅ Correct Answer: C

If the customer is an entity listed on a stock exchange in India, it is not necessary to identify beneficial owners.

This exemption for listed companies is a standard exclusion found in RBI KYC Guidelines MCQs.

Bank Promotion Exam Guide