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

    Question

    Post monetisation, Income Tax department has started a

    campaign to detect generation of black money. What is the operation called?
    A Operation Digital Money Correct Answer Incorrect Answer
    B Operation While Money Correct Answer Incorrect Answer
    C Operation Clean Money Correct Answer Incorrect Answer
    D Operation Black Money Correct Answer Incorrect Answer
    E Operation Bank Money Correct Answer Incorrect Answer

    Solution

    The income-tax department has zeroed in on high-value property deals, outward remittances and large cash sales made by at least 60,000 assesses during the demonetisation period, as part of Operation Clean Money launched in January. The department will conduct detailed investigations into the transactions made by these assesses, of which 1,300 have been identified as “high risk” due to their “excessive cash sales” during the period from 8 November-31 December. More than 6,000 high-value property deals and 6,600 outward remittances will also be probed.

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