Financial Frauds

Please mention your Email id

Enforcement Directorate enforces the Prevention of Money Laundering Act, 2002 (PMLA). The Enforcement unit was formed in which of the following years?

• 1984

• 1972

• 1956

• 1947

Which of the following steps are involved in Money Laundering?

1)Placement

2)Layering

3)Integration

4)Counterfeiting

• Only 2 and 4

• 1, 2 and 4

• Only 3 and 4

• Only 1,2 and 3

Know Your Customer (KYC) regulations have been introduced in financial transactions under which of the following regulation?

• Banking Companies Act

• Prevention of Money Laundering Act

• Reserve Bank of India Act 

• Companies Act

In September 2022, the Reserve Bank has imposed a penalty of how many rupees Industrial Bank of Korea for non-compliance with certain Know Your Customer (KYC) norms?

• 24 lakh

• 30 lakh

• 36 lakh

• 48 lakh

KYC compliance is a mandatory exercise under the prevention of ________?

• Money Laundering Act, 2001

• Money Laundering Act, 2004

• Money Laundering Act, 2002.

• Money Laundering Act, 2006

In what duration of time, the KYC (Know Your Customer) formalities must be fulfilled for high risk customers?

• One Years

• Two Years

• Three Years

• Four Years

Which three of the following types of cyber attacks may occur in the process of mobile banking?

• Backdoor attack

• Front door attack

• Denial of service attack

• Direct access attack

In India, commercial banks have the highest share in the disbursement of credit to _______.

• Moneylenders

• PSUs

• Agriculture

• Microfinance

The Indian Financial Year begins on:

• January 1

• April 1

• July 1

• None of these