Which act of the financial institutions is prohibited by the federal bank? to evaluate customers on factors apart from creditworthiness to know the customers through know-your customer rules to understand customers’ transactions to make necessary reports on customers to assist government agencies

The act of the financial institutions that is prohibited by the Federal Bank is the first one: to evaluate custumers on factors apart from creditworthiness.

Explanation:

The answer is the first one because financial institutions are companies engaged in the business of dealing with monetary transactions such as deposits, loans, investments and currency exchanged and in order to make these transactions the only thing that matters is if that people are monetary solvent. No personal reasons can be used to evaluate if the person is or is not a proper customer.

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