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Introduction to Banking and Transaction

It is mandato...

Question

It is mandatory to quote which of the following identification number on all large-value financial transactions?

A

PAN

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B

Voter ID

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C

PIN

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D

Ration Card number

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Solution

The correct option is A PAN
It is mandatory to quote PAN on all large-value financial transactions. PAN stands for Permanent Account Number. It is used as a identification number of individuals. It is a 10-character-alpha-numeric identifier.

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