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    Question

    What is the main feature of MuleHunter, launched by the

    RBI?
    A Blockchain-based transactions Correct Answer Incorrect Answer
    B AI and Machine Learning for detecting mule accounts Correct Answer Incorrect Answer
    C Automated credit scoring system Correct Answer Incorrect Answer
    D Real-time currency exchange monitoring Correct Answer Incorrect Answer
    E Fraud prevention for rural banking Correct Answer Incorrect Answer

    Solution

    MuleHunter, launched by the RBI, is an AI and Machine Learning-based system designed to detect and address digital fraud involving mule accounts. Developed by the Reserve Bank Innovation Hub (RBIH) in Bengaluru, it uses data from all banks and payment operators to enhance fraud detection efficiency and reduce the prevalence of digital fraud.

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