Question
Which of the following is considered a “scheduled
offence” under PMLA?Solution
As per Section 2(1)(y) of the PMLA, a “scheduled offence” refers to an offence listed in the Schedule to the Act. This includes serious crimes like narcotic drug trafficking, terrorism, corruption, arms trafficking, etc. Offences under the Narcotic Drugs and Psychotropic Substances Act, 1985 are specifically included in Part A of the Schedule, making narcotic trafficking a predicate offence for money laundering proceedings.
In MUDRA Bank, what does MUDRA stands for -
In sep 2021, with whom Export-Import Bank of India (Exim Bank) has entered into an agreement for Line of Credit (LoC) of USD 40 million (USD FortyMillio...
What was the specific reason RBI imposed a penalty of â‚ą31.80 lakh on Bank of Maharashtra?
Which of the following is called Prepaid Payment Instrument (PPI)?Â
Recently Goods and Services Tax network has been included to the account aggregator (AA) network as a financial information provider (FIP) to facilitate...
Following are the functions of the Reserve Bank of India (RBI) except?
What is the repo rate as of February 2025, according to the Reserve Bank of India (RBI)?
Special Drawing Rights (SDR) is an international reserve asset, created by the IMF in which of the following years?
Which of the following is a feature of the Women Entrepreneurship Program launched by NSDC?
What is the name of RBI’s campaign promoting safe banking practices?
