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    Question

    What is the main focus of the MoU between FIU-IND and

    IRDAI?
    A Launching new insurance products Correct Answer Incorrect Answer
    B Strengthening money laundering prevention and information exchange Correct Answer Incorrect Answer
    C Increasing insurance premiums Correct Answer Incorrect Answer
    D Creating new financial products for rural areas Correct Answer Incorrect Answer
    E Providing insurance to startups Correct Answer Incorrect Answer

    Solution

    The MoU between FIU-IND and IRDAI focuses on strengthening the implementation of the Prevention of Money Laundering Act (PMLA) and related rules. It aims to improve the sharing of relevant intelligence and information between the two entities and enhance compliance within the insurance sector.

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