New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which organization became the first Central Public

    Sector Enterprise (CPSE) in India to receive certification for Anti-Bribery Management System (ABMS)?
    A Indian Oil Corporation (IOC) Correct Answer Incorrect Answer
    B Bharat Heavy Electricals Limited (BHEL) Correct Answer Incorrect Answer
    C Oil and Natural Gas Corporation (ONGC) Correct Answer Incorrect Answer
    D Steel Authority of India Limited (SAIL) Correct Answer Incorrect Answer
    E Hindustan Petroleum Corporation Limited (HPCL) Correct Answer Incorrect Answer

    Solution

    Oil and Natural Gas Corporation (ONGC) has become the first Central Public Sector Enterprise (CPSE) in India to receive certification for Anti-Bribery Management System (ABMS) by M/s InterCert USA. ONGC adopted the Integrity Pact (IP) by Transparency International in 2005, making ABMS Certification another milestone in strengthening its stature as a preferred business partner. The ABMS has been implemented in the first phase across 10 departments of ONGC's Corporate Office in Delhi, under the guidance of M/s Digital Age, an international consultancy firm. Learn Along: About ONGC (The Oil and Natural Gas Corporation Limited) Founded: 14 August 1956       Headquarters: New Delhi         Chairman & CEO: Arun Kumar Singh About Anti-Bribery Management System ISO 37001:2016 is the International Standard that guides organizations in eradicating bribery-related incidents and concerns. The standard addresses the issue of corruption by providing a globally recognized approach to prevent, detect, and address bribery through policies, compliance oversight, training, risk assessments, due diligence, financial and commercial controls, and reporting and investigation procedures.

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