QUESTION 1 OF 10 Daily Quiz The Financial Action Task Force (FATF) was originally established in 1989 by which international grouping? A United Nations Security Council B G7 Summit in Paris C International Monetary Fund D World Bank Group Clear Selection
QUESTION 2 OF 10 Daily Quiz Consider the following statements regarding India's placement in FATF's categories:1. India is currently on the FATF 'Grey List' (Increased Monitoring).2. India joined FATF as a full member in 2010.Which of the statements given above is/are correct? A 1 only B 2 only C Both 1 and 2 D Neither 1 nor 2 Clear Selection
QUESTION 3 OF 10 Daily Quiz Under which ministry does the Enforcement Directorate (ED), which enforces the Prevention of Money Laundering Act (PMLA), function? A Ministry of Home Affairs B Ministry of Law and Justice C Ministry of Finance D Ministry of External Affairs Clear Selection
QUESTION 4 OF 10 Daily Quiz Which of the following is the formal term for the FATF's 'Black List' of high-risk jurisdictions? A Enhanced Scrutiny List B Strategic Deficiencies Register C High-Risk Jurisdictions subject to a Call for Action D Financial Non-compliance Watch List Clear Selection
QUESTION 5 OF 10 Daily Quiz Consider the following statements about the Prevention of Money Laundering Act (PMLA), 2002:1. It provides for the attachment and confiscation of property derived from money laundering.2. It is administered by the Central Bureau of Investigation (CBI).Which of the statements given above is/are correct? A 1 only B 2 only C Both 1 and 2 D Neither 1 nor 2 Clear Selection
QUESTION 6 OF 10 Daily Quiz The FATF 'Mutual Evaluation Report' (MER) for a country primarily assesses: A The country's bilateral trade performance B The effectiveness of the country's AML/CFT framework and technical compliance with FATF recommendations C The country's sovereign credit rating D The country's compliance with UN human rights standards Clear Selection
QUESTION 7 OF 10 Daily Quiz The Benami Transactions (Prohibition) Amendment Act, 2016, primarily deals with which of the following? A Prohibition of anonymous political donations B Prevention of holding property in the name of another person to conceal ownership C Regulation of foreign direct investment in real estate D Taxation of undisclosed income from digital assets Clear Selection
QUESTION 8 OF 10 Daily Quiz Which of the following bodies serves as India's Financial Intelligence Unit (FIU) for receiving, analysing and disseminating information relating to suspect financial transactions? A Reserve Bank of India B Securities and Exchange Board of India C Financial Intelligence Unit – India (FIU-IND) D National Investigation Agency (NIA) Clear Selection
QUESTION 9 OF 10 Daily Quiz With reference to 'de-risking' in the financial sector, which of the following best describes this phenomenon? A A central bank reducing its repo rate to lower borrowing costs B International banks terminating relationships with financial institutions in high-risk countries to avoid regulatory penalties C A country diversifying its foreign exchange reserves D Government guarantee to private sector banks against NPAs Clear Selection
QUESTION 10 OF 10 Daily Quiz India's total FATF membership comprises which of the following categories? A Full Member B Observer C Associate Member through Asia Pacific Group (APG) D Corresponding Member Clear Selection