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      Question

      What is the primary function of the Financial Fraud Risk

      Indicator (FRI) introduced by RBI?ย 
      A Issuing bank credit ratings Correct Answer Incorrect Answer
      B Classifying mobile numbers for fraud risk Correct Answer Incorrect Answer
      C Monitoring international remittances Correct Answer Incorrect Answer
      D Calculating income tax returns Correct Answer Incorrect Answer
      E Scanning QR codes for UPI transactions Correct Answer Incorrect Answer

      Solution

      FRI assesses mobile numbers used in financial transactions and classifies them as Medium, High, or Very High risk to combat cyber fraud.ย 

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