Module: General Practice
Q1: Consider the following statements:
Assertion (A) - India is committed to upholding measures to protect the integrity of the international financial system.
Reason (R) - India is a member of the Financial Action Task Force (FATF), an inter-governmental body that sets standards for combating money laundering and terrorist financing.
Reason (R) - India is a member of the Financial Action Task Force (FATF), an inter-governmental body that sets standards for combating money laundering and terrorist financing.
✅ Correct Answer: A
India's commitment to protecting the integrity of the international financial system is linked to its status as a member of the Financial Action Task Force (FATF), which sets global standards for these measures.
Understanding international bodies is key to mastering RBI KYC Guidelines MCQs.
Understanding international bodies is key to mastering RBI KYC Guidelines MCQs.