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      Question

      What classification levels are used by the Financial

      Fraud Risk Indicator (FRI) to assess mobile number risks?
      A Low, Medium, High Correct Answer Incorrect Answer
      B Green, Amber, Red Correct Answer Incorrect Answer
      C Low, Elevated, Severe Correct Answer Incorrect Answer
      D Medium, High, Very High Correct Answer Incorrect Answer
      E Unverified, Suspicious, Dangerous Correct Answer Incorrect Answer

      Solution

      The Financial Fraud Risk Indicator (FRI), introduced by the Department of Telecommunications and adopted by RBI, classifies mobile numbers involved in financial transactions as Medium, High, or Very High risk. This real-time classification supports UPI platforms and banks in proactively blocking or flagging suspicious transactions to curb financial fraud.

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