Question
Which of the following options correctly defines a
"specified transaction" under section 12AA of the PMLA?Solution
Section 12AA. Enhanced due diligence- Explanation.--For the purposes of this section, "specified transaction" means-- (a) any withdrawal or deposit in cash, exceeding such amount; (b) any transaction in foreign exchange, exceeding such amount; (c) any transaction in any high value imports or remittances; (d) such other transaction or class of transactions, in the interest of revenue or where there is a high risk or money-laundering or terrorist financing, as may be prescribed.
Arrange the sentences A-D in the correct sequence to form a coherent paragraph. S1 and S2 are the first and last sentences.
S1- The ne...
Five statements are given below labelled 1), 2), 3), 4) and 5). Among these, four statements are in logical order and form a coherent paragraph/passage....
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Given below are four jumbled sentences .Select the option that gives their correct order forming a meaningful and coherent paragraph.
A- Coasta...
P: If the intention is just to consume whatever comes from the West, then it is harmful.
Q: Some of its effects are really helping and positive a...
Five statements are given below labelled 1), 2), 3), 4) and 5). Among these, four statements are in logical order and form a coherent paragraph/passage....
Sentences of a paragraph are given below in jumbled order. Arrange the sentences in the correct order to form a meaningful and coherent paragraph.
...1. Contingent risks have become
P. have now increased
Q. to increase fee based
R. More important as banks
S. off balance she...
Sentences of a paragraph are given below in jumbled order. Arrange the sentences in the correct order to form a meaningful and coherent paragraph.
...1) Millennia-old monuments sit along the fertile Nile River Valley, including Giza's colossal Pyramids and Great Sphinx as well as Luxor's hieroglyph-li...
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