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  • Question
  • What does ?L? stand for in PMLA?


  • Options
  • A. Leverage
  • B. Limit
  • C. Lending
  • D. Liberalised

  • Correct Answer
  •  

    Explanation

    PMLA stands for Prevention of Money Laundering Act, 2002. So, L stands for Laundering. Prevention of Money Laundering Act, 2002 is an Act of the Parliament of India enacted by the NDA
    government to prevent money-laundering and to provide for confiscation of property derived from money-laundering.

  • Tags: Bank Exams

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    • 1. Malabo is the capital of which country?

    • Options
    • A. Rwanda
    • B. Zambia
    • C. Equatorial Guinea
    • D. Panama
    • Discuss
    • 2. Kishori amonkar died recently. He was associated with which of the following fields?

    • Options
    • A. Classical Vocalist
    • B. Classical Dancer
    • C. Sports
    • D. Politician
    • Discuss
    • 3. Reinsurance is the name given to:

    • Options
    • A. An individual taking insurance for the second time
    • B. An insurer placing insurance with another insurer
    • C. When government by insurance policies for government employees
    • D. All the above
    • Discuss
    • 4. Who is the MD and CEO of Allahabad Bank as of March 2018?

    • Options
    • A. Chitra Ramakrishna
    • B. Shikha Sharma
    • C. Usha Ananthasubramanian
    • D. Arundathi Bhattacharya
    • Discuss
    • 5. Who is the Chairman of the Economic Advisory Council to the Prime Minister (PMEAC) as of February 2018?

    • Options
    • A. Bibek Debroy
    • B. Amit Mitra
    • C. Amartya Sen
    • D. Najma Heptulla
    • Discuss
    • 6. CBLO, a money market instrument that represents an obligation between a borrower and a lender as to the terms and conditions of a loan. What does 'C' stand for in CBLO?

    • Options
    • A. Clearing
    • B. Culminative
    • C. Collateralized
    • D. Credit
    • Discuss
    • 7. Which institute launches Bharat Inclusive Initiative?

    • Options
    • A. IIT Bombay
    • B. IIM Ahmedabad
    • C. IIT Kharagpur
    • D. IIM Calcutta
    • Discuss
    • 8. Assumption island is located in which country?

    • Options
    • A. Seychelles
    • B. Maldives
    • C. Mauritius
    • D. Sri Lanka
    • Discuss
    • 9. Indira Sagar dam is located in which Indian State/City?

    • Options
    • A. Chhattisgarh
    • B. Gujarat
    • C. Maharashtra
    • D. Madhya Pradesh
    • Discuss
    • 10. A non-trading company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity?

    • Options
    • A. Chit Funds
    • B. Shell companies
    • C. Nidhi Companies
    • D. Indigenous Bankers
    • Discuss


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