Module: General Practice
Q8: Which of the following statements regarding the "Designated Director" are correct?
In a company, the Designated Director is the Managing Director or a whole-time Director authorized by the Board.
In a partnership firm, the Designated Director is the Managing Partner.
In a proprietorship concern, the Designated Director is the Proprietor.
In a trust, the Designated Director is the Managing Trustee.
In a partnership firm, the Designated Director is the Managing Partner.
In a proprietorship concern, the Designated Director is the Proprietor.
In a trust, the Designated Director is the Managing Trustee.
✅ Correct Answer: D
All four statements are correct descriptions of who constitutes the "Designated Director" for different types of Regulated Entities (REs). Correctly identifying this role is essential for accurate answers in RBI KYC Guidelines MCQs.