Home » General Knowledge » Basic General Knowledge

What does “L” stand for in PMLA?

Leverage
Limit
Lending
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.

← Previous Question Next Question→

More Questions from Basic General Knowledge

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?
Which institute launches Bharat Inclusive Initiative?
Assumption island is located in which country?
Indira Sagar dam is located in which Indian State/City?
A non-trading company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity?
IRDAI has given its approval to LIC for the stake purchase, that will help get a capital support of Rs 10,000- 13,000 crore in which of the following state-owned banks?
Which of the following committees has been constituted by Insurance Regulatory and Development Authority (IRDAI) to review regulations governing the Insurance Marketing Firms (IMF)?
What is the name of country whose capital is Lusaka and currency is Kwacha?
In which of the following states is the Dudhwa National Park located?
Hirakud dam is located in which of the following states?

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion