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Financial Act Task Force (FATF) Statement I is correct - : It is an inter-governmental body that was established in 1989 during the G7 Summit in Paris in 1989. Statement II is correct - : The FATF revises the blacklist regularly, adding or deleting entries. In 2022, Iran and the Democratic People's Republic of Korea (DPRK) are under High-risk Jurisdiction or black list. Statement III correct -: It is an inter-governmental policymaking body. It assesses the strength of a country’s anti-money laundering and anti-terror financing frameworks, however, it does not go by individual cases. Its Secretariat is located at the Organisation for Economic Cooperation and Development (OECD) headquarters in Paris. The FATF currently has 39 members including two regional organisations - the European Commission and Gulf Cooperation Council. India is a member of the FATF. Lists under FATF: Grey List: Countries that are considered safe haven for supporting terror funding and money laundering are put in the FATF grey list. This inclusion serves as a warning to the country that it may enter the blacklist. Black List: Countries known as Non-Cooperative Countries or Territories (NCCTs) are put in the blacklist.
Sonia goes to a clothing store with a certain amount of money. She can buy 90 shirts or 30 trousers with the money she has. However, she decides to save...
A girl spent 15% of her monthly income on clothing. Of the remaining, she spent on travel and food in the ratio of 5:3. If the difference of the income ...
A car's value decreases by 20% every year. If the car was purchased for Rs 3,30,000, what will be the total percentage decrease in its value over a 3-ye...
A person saves 25% of his monthly income. If his monthly is increased by 35% and he still saves the same amount as before then find percentage increase ...
The income of Tina is Rs.20000 and she saves 25% of her income. The savings of Kajal is Rs.1200 more than that of Tina and she spends 50% of her income....
A spent 30% and 20% of his monthly salary on food and rent, respectively. Of the remaining amount, he gave 21% and 14% to his mother and brother, respec...
The price of wheat has increased by 45%. Mohit has decided to spend only 16% more than what he initially did on buying wheat. What is the percentage dec...
The income of Tina is Rs.24000 and she saves 15% of her income. The savings of Kajal is Rs.2000 more than that of Tina and she spends 60% of her income....
The respective ratio of monthly income of A to monthly income of B is 11:12, and A’s saving is (100/17)% more than B’s saving. Find the expenditure ...
The monthly income of Vivek and Sohan together is Rs. 46000. The income of Vivek and Sohan is increased by 20% and 30% respectively. The new income of ...
