General Studies · Legal Entities and Regulations
Match the Account Type/Feature in Column A with its Legal Entity Status in Column B under general banking and regulatory norms: Column A (Account Type/Feature) I. Sole Proprietorship Account II. Public Limited Company Account III. HUF Account IV. Unregistered Club Account Column B (Legal Entity Status)1. Separate Legal Entity (Subject to corporate norms)2. Non-separate Legal Entity (Treated under individual capacity)3. Separate Taxable Entity (Managed by Karta)4. Non-Legal Entity (Capacity defined by Rules/By-Laws)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I-4, II-1, III-3, IV-2
- 2I-2, II-3, III-4, IV-1
- 3I-3, II-4, III-1, IV-2
- 4I-2, II-1, III-3, IV-4✓
Correct answer
I-2, II-1, III-3, IV-4
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