UPSC Current Affairs Quiz : 22 March 2025

The Current Affairs Quiz 2024 is a daily quiz based on the DAILY CURRENT AFFAIRS AND PIB SUMMARY from the previous day, as posted on our website. It covers all relevant news sources and is designed to test your knowledge of current events. Solving these questions will help you retain both concepts and facts relevant to the UPSC IAS civil services exam.

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• Question 1 of 10 1. Question 1 points Consider the following statements regarding CO2-to-methanol technology: The CO2-to-methanol technology supports India’s commitment to achieving net-zero carbon emissions by 2030. Methanol produced from CO2 can be used in a wide range of industrial applications, including the chemical and energy sectors. The primary challenge in scaling up the CO2-to-methanol technology is the lack of CO2 availability from industrial sources in India. How many of the above statements is/are correct? (a) Only one (b) Only two (c) All three (d) None Correct Solution: A India has committed to achieving net-zero carbon emissions by 2070, not 2030 (Statement 1 is incorrect). Methanol produced from CO2 can be used in various industrial applications, including the chemical, energy, and transport sectors (Statement 2 is correct). India’s challenge in scaling up CO2-to-methanol technologies is not due to a lack of CO2 availability but rather the cost and efficiency of capturing CO2 from industrial emissions (Statement 3 is incorrect). Incorrect Solution: A India has committed to achieving net-zero carbon emissions by 2070, not 2030 (Statement 1 is incorrect). Methanol produced from CO2 can be used in various industrial applications, including the chemical, energy, and transport sectors (Statement 2 is correct). India’s challenge in scaling up CO2-to-methanol technologies is not due to a lack of CO2 availability but rather the cost and efficiency of capturing CO2 from industrial emissions (Statement 3 is incorrect).

#### 1. Question

Consider the following statements regarding CO2-to-methanol technology:

• The CO2-to-methanol technology supports India’s commitment to achieving net-zero carbon emissions by 2030.

• Methanol produced from CO2 can be used in a wide range of industrial applications, including the chemical and energy sectors.

• The primary challenge in scaling up the CO2-to-methanol technology is the lack of CO2 availability from industrial sources in India.

How many of the above statements is/are correct?

• (a) Only one

• (b) Only two

• (c) All three

Solution: A

India has committed to achieving net-zero carbon emissions by 2070, not 2030 (Statement 1 is incorrect).

Methanol produced from CO2 can be used in various industrial applications, including the chemical, energy, and transport sectors (Statement 2 is correct).

India’s challenge in scaling up CO2-to-methanol technologies is not due to a lack of CO2 availability but rather the cost and efficiency of capturing CO2 from industrial emissions (Statement 3 is incorrect).

Solution: A

India has committed to achieving net-zero carbon emissions by 2070, not 2030 (Statement 1 is incorrect).

Methanol produced from CO2 can be used in various industrial applications, including the chemical, energy, and transport sectors (Statement 2 is correct).

• Question 2 of 10 2. Question 1 points Consider the following statements regarding the structure of the Law Commission of India: The Law Commission consists only of full-time members appointed by the President of India. The Chairperson of the Law Commission is always a retired Chief Justice of India. Ex officio members of the Law Commission include the Secretaries of Legal Affairs and Legislative Affairs. How many of the above statements is/are correct? (a) Only one (b) Only two (c) All three (d) None Correct Solution: A The Law Commission includes not only full-time members but also part-time members (Statement 1 is incorrect). The Chairperson is usually a retired judge or legal expert, but it is not mandatory for the person to be a retired Chief Justice of India (Statement 2 is incorrect). Ex officio members include the Secretaries of Legal Affairs and Legislative Affairs (Statement 3 is correct). Incorrect Solution: A The Law Commission includes not only full-time members but also part-time members (Statement 1 is incorrect). The Chairperson is usually a retired judge or legal expert, but it is not mandatory for the person to be a retired Chief Justice of India (Statement 2 is incorrect). Ex officio members include the Secretaries of Legal Affairs and Legislative Affairs (Statement 3 is correct).

#### 2. Question

Consider the following statements regarding the structure of the Law Commission of India:

• The Law Commission consists only of full-time members appointed by the President of India.

• The Chairperson of the Law Commission is always a retired Chief Justice of India.

• Ex officio members of the Law Commission include the Secretaries of Legal Affairs and Legislative Affairs.

How many of the above statements is/are correct?

• (a) Only one

• (b) Only two

• (c) All three

Solution: A

The Law Commission includes not only full-time members but also part-time members (Statement 1 is incorrect).

The Chairperson is usually a retired judge or legal expert, but it is not mandatory for the person to be a retired Chief Justice of India (Statement 2 is incorrect).

Ex officio members include the Secretaries of Legal Affairs and Legislative Affairs (Statement 3 is correct).

Solution: A

The Law Commission includes not only full-time members but also part-time members (Statement 1 is incorrect).

The Chairperson is usually a retired judge or legal expert, but it is not mandatory for the person to be a retired Chief Justice of India (Statement 2 is incorrect).

Ex officio members include the Secretaries of Legal Affairs and Legislative Affairs (Statement 3 is correct).

• Question 3 of 10 3. Question 1 points Consider the following statements regarding the dispute resolution mechanism under the Indus Waters Treaty: The first step in resolving disputes is the involvement of a Neutral Expert, who adjudicates on technical issues. The Permanent Indus Commission is required to meet at least once a year to discuss the implementation of the treaty and resolve any disputes. If disputes persist after the Neutral Expert’s decision, the matter can be referred to an arbitral tribunal, known as the Court of Arbitration, consisting of seven members. Which of the above statements is/are correct? (a) 1 only (b) 1 and 3 only (c) 2 and 3 only (d) 1, 2 and 3 Correct Solution: C Statement 1 is incorrect. The first step in the dispute resolution process is the Permanent Indus Commission (PIC), not the Neutral Expert. The PIC is responsible for resolving issues related to the implementation of the treaty through dialogue and cooperation. Only when the PIC fails to resolve the issue does a Neutral Expert get involved. Statement 2 is correct. The PIC is mandated to meet at least once a year to discuss the implementation of the treaty and resolve disputes. The commission plays a crucial role in facilitating cooperation between the two countries. Statement 3 is correct. If disputes persist after the involvement of a Neutral Expert, the matter can be referred to a Court of Arbitration, a seven-member tribunal tasked with providing a final, binding decision on the issue. Incorrect Solution: C Statement 1 is incorrect. The first step in the dispute resolution process is the Permanent Indus Commission (PIC), not the Neutral Expert. The PIC is responsible for resolving issues related to the implementation of the treaty through dialogue and cooperation. Only when the PIC fails to resolve the issue does a Neutral Expert get involved. Statement 2 is correct. The PIC is mandated to meet at least once a year to discuss the implementation of the treaty and resolve disputes. The commission plays a crucial role in facilitating cooperation between the two countries. Statement 3 is correct. If disputes persist after the involvement of a Neutral Expert, the matter can be referred to a Court of Arbitration, a seven-member tribunal tasked with providing a final, binding decision on the issue.

#### 3. Question

Consider the following statements regarding the dispute resolution mechanism under the Indus Waters Treaty:

• The first step in resolving disputes is the involvement of a Neutral Expert, who adjudicates on technical issues.

• The Permanent Indus Commission is required to meet at least once a year to discuss the implementation of the treaty and resolve any disputes.

• If disputes persist after the Neutral Expert’s decision, the matter can be referred to an arbitral tribunal, known as the Court of Arbitration, consisting of seven members.

Which of the above statements is/are correct?

• (a) 1 only

• (b) 1 and 3 only

• (c) 2 and 3 only

• (d) 1, 2 and 3

Solution: C

Statement 1 is incorrect. The first step in the dispute resolution process is the Permanent Indus Commission (PIC), not the Neutral Expert. The PIC is responsible for resolving issues related to the implementation of the treaty through dialogue and cooperation. Only when the PIC fails to resolve the issue does a Neutral Expert get involved.

Statement 2 is correct. The PIC is mandated to meet at least once a year to discuss the implementation of the treaty and resolve disputes. The commission plays a crucial role in facilitating cooperation between the two countries.

Statement 3 is correct. If disputes persist after the involvement of a Neutral Expert, the matter can be referred to a Court of Arbitration, a seven-member tribunal tasked with providing a final, binding decision on the issue.

Solution: C

• Question 4 of 10 4. Question 1 points Consider the following statements regarding MSP determination: “A2” costs include all cash and in-kind expenses incurred by the farmer. “A2 + FL” adds the imputed value of unpaid family labor to “A2” costs. “C2” costs exclude any interest on fixed capital assets like farm machinery. How many of the above statements is/are incorrect? (a) Only one (b) Only two (c) All three (d) None Correct Solution: A Statements 1 and 2 are correct. “A2” costs cover all expenses incurred by the farmer, and “A2 + FL” includes the imputed value of unpaid family labor. However, statement 3 is incorrect because “C2” costs include interest on fixed capital assets, making it the most comprehensive cost component. Incorrect Solution: A Statements 1 and 2 are correct. “A2” costs cover all expenses incurred by the farmer, and “A2 + FL” includes the imputed value of unpaid family labor. However, statement 3 is incorrect because “C2” costs include interest on fixed capital assets, making it the most comprehensive cost component.

#### 4. Question

Consider the following statements regarding MSP determination:

• “A2” costs include all cash and in-kind expenses incurred by the farmer.

• “A2 + FL” adds the imputed value of unpaid family labor to “A2” costs.

• “C2” costs exclude any interest on fixed capital assets like farm machinery.

How many of the above statements is/are incorrect?

• (a) Only one

• (b) Only two

• (c) All three

Solution: A

Statements 1 and 2 are correct. “A2” costs cover all expenses incurred by the farmer, and “A2 + FL” includes the imputed value of unpaid family labor.

However, statement 3 is incorrect because “C2” costs include interest on fixed capital assets, making it the most comprehensive cost component.

Solution: A

Statements 1 and 2 are correct. “A2” costs cover all expenses incurred by the farmer, and “A2 + FL” includes the imputed value of unpaid family labor.

However, statement 3 is incorrect because “C2” costs include interest on fixed capital assets, making it the most comprehensive cost component.

• Question 5 of 10 5. Question 1 points Consider the following statements about Mission Mausam: The mission focuses on enhancing India’s maritime heritage through archaeological research. The Ministry of Earth Sciences (MoES) is the nodal agency responsible for executing Mission Mausam. The mission involves upgrading the infrastructure of organizations like the India Meteorological Department. The mission includes the development of new weather models for seasonal and daily monsoon forecasts. How many of the above statements is/are correct? (a) Only one (b) Only two (c) Only three (d) All four Correct Solution: C Statement 1 is incorrect. Mission Mausam does not focus on maritime heritage but on upgrading weather and climate forecasting systems. Statement 2 is correct. The Ministry of Earth Sciences (MoES) is the nodal agency executing the mission. Statement 3 is correct. The mission includes upgrading the infrastructure of organizations such as the India Meteorological Department and the National Centre for Medium Range Weather Forecasting. Statement 4 is correct. Mission Mausam builds on earlier initiatives like the National Monsoon Mission and involves creating new weather models for both daily and seasonal monsoon forecasts. Incorrect Solution: C Statement 1 is incorrect. Mission Mausam does not focus on maritime heritage but on upgrading weather and climate forecasting systems. Statement 2 is correct. The Ministry of Earth Sciences (MoES) is the nodal agency executing the mission. Statement 3 is correct. The mission includes upgrading the infrastructure of organizations such as the India Meteorological Department and the National Centre for Medium Range Weather Forecasting. Statement 4 is correct. Mission Mausam builds on earlier initiatives like the National Monsoon Mission and involves creating new weather models for both daily and seasonal monsoon forecasts.

#### 5. Question

Consider the following statements about Mission Mausam:

• The mission focuses on enhancing India’s maritime heritage through archaeological research.

• The Ministry of Earth Sciences (MoES) is the nodal agency responsible for executing Mission Mausam.

• The mission involves upgrading the infrastructure of organizations like the India Meteorological Department.

• The mission includes the development of new weather models for seasonal and daily monsoon forecasts.

How many of the above statements is/are correct?

• (a) Only one

• (b) Only two

• (c) Only three

• (d) All four

Solution: C

Statement 1 is incorrect. Mission Mausam does not focus on maritime heritage but on upgrading weather and climate forecasting systems.

Statement 2 is correct. The Ministry of Earth Sciences (MoES) is the nodal agency executing the mission.

Statement 3 is correct. The mission includes upgrading the infrastructure of organizations such as the India Meteorological Department and the National Centre for Medium Range Weather Forecasting.

Statement 4 is correct. Mission Mausam builds on earlier initiatives like the National Monsoon Mission and involves creating new weather models for both daily and seasonal monsoon forecasts.

Solution: C

Statement 1 is incorrect. Mission Mausam does not focus on maritime heritage but on upgrading weather and climate forecasting systems.

Statement 2 is correct. The Ministry of Earth Sciences (MoES) is the nodal agency executing the mission.

Statement 4 is correct. Mission Mausam builds on earlier initiatives like the National Monsoon Mission and involves creating new weather models for both daily and seasonal monsoon forecasts.

• Question 6 of 10 6. Question 1 points Consider the following statements regarding the geography of Jordan: Jordan has a coastline along the Gulf of Aqaba, providing access to the Red Sea. The Dead Sea, located on Jordan’s western border, is one of the saltiest bodies of water in the world. The Sea of Galilee is located entirely within Jordan’s territory. Which of the above statements is/are correct? (a) 1 only (b) 1 and 2 only (c) 2 and 3 only (d) 1, 2 and 3 Correct Solution: B Statement 1 is correct. Jordan has a small coastline along the Gulf of Aqaba, providing access to the Red Sea. The city of Aqaba is Jordan’s main port on this coast. Statement 2 is correct. The Dead Sea, shared with Israel and the West Bank, is one of the saltiest bodies of water in the world and lies along Jordan’s western border. Statement 3 is incorrect. The Sea of Galilee is located to the northwest of Jordan, primarily within Israel and the Golan Heights. It does not fall within Jordan’s territory. Incorrect Solution: B Statement 1 is correct. Jordan has a small coastline along the Gulf of Aqaba, providing access to the Red Sea. The city of Aqaba is Jordan’s main port on this coast. Statement 2 is correct. The Dead Sea, shared with Israel and the West Bank, is one of the saltiest bodies of water in the world and lies along Jordan’s western border. Statement 3 is incorrect. The Sea of Galilee is located to the northwest of Jordan, primarily within Israel and the Golan Heights. It does not fall within Jordan’s territory.

#### 6. Question

Consider the following statements regarding the geography of Jordan:

• Jordan has a coastline along the Gulf of Aqaba, providing access to the Red Sea.

• The Dead Sea, located on Jordan’s western border, is one of the saltiest bodies of water in the world.

• The Sea of Galilee is located entirely within Jordan’s territory.

Which of the above statements is/are correct?

• (a) 1 only

• (b) 1 and 2 only

• (c) 2 and 3 only

• (d) 1, 2 and 3

Solution: B

Statement 1 is correct. Jordan has a small coastline along the Gulf of Aqaba, providing access to the Red Sea. The city of Aqaba is Jordan’s main port on this coast.

Statement 2 is correct. The Dead Sea, shared with Israel and the West Bank, is one of the saltiest bodies of water in the world and lies along Jordan’s western border.

Statement 3 is incorrect. The Sea of Galilee is located to the northwest of Jordan, primarily within Israel and the Golan Heights. It does not fall within Jordan’s territory.

Solution: B

Statement 1 is correct. Jordan has a small coastline along the Gulf of Aqaba, providing access to the Red Sea. The city of Aqaba is Jordan’s main port on this coast.

Statement 2 is correct. The Dead Sea, shared with Israel and the West Bank, is one of the saltiest bodies of water in the world and lies along Jordan’s western border.

Statement 3 is incorrect. The Sea of Galilee is located to the northwest of Jordan, primarily within Israel and the Golan Heights. It does not fall within Jordan’s territory.

• Question 7 of 10 7. Question 1 points Consider the following statements about the FATF and its functions: FATF is a legal body with the authority to impose sanctions directly on non-compliant countries. The FATF works closely with regional organizations to monitor countries’ progress in combating money laundering and terrorism financing. The FATF’s primary goal is to protect the global financial system from misuse by criminals and terrorist organizations. How many of the above statements is/are correct? (a) Only one (b) Only two (c) All three (d) None Correct Solution: B Statement 1 is incorrect because the FATF is not a legal enforcement body and cannot directly impose sanctions. Instead, it works through its recommendations and member compliance. Countries that fail to comply with these recommendations may face indirect consequences, such as being placed on grey or black lists, which can lead to international financial isolation. Statement 2 is correct because the FATF works with regional bodies like the Asia/Pacific Group on Money Laundering (APG) and other entities to monitor and assist countries in implementing necessary reforms. Statement 3 is correct. The FATF’s overarching mission is to safeguard the global financial system by developing standards to combat money laundering, terrorist financing, and other related threats. Incorrect Solution: B Statement 1 is incorrect because the FATF is not a legal enforcement body and cannot directly impose sanctions. Instead, it works through its recommendations and member compliance. Countries that fail to comply with these recommendations may face indirect consequences, such as being placed on grey or black lists, which can lead to international financial isolation. Statement 2 is correct because the FATF works with regional bodies like the Asia/Pacific Group on Money Laundering (APG) and other entities to monitor and assist countries in implementing necessary reforms. Statement 3 is correct. The FATF’s overarching mission is to safeguard the global financial system by developing standards to combat money laundering, terrorist financing, and other related threats.

#### 7. Question

• Consider the following statements about the FATF and its functions:

• FATF is a legal body with the authority to impose sanctions directly on non-compliant countries.

• The FATF works closely with regional organizations to monitor countries’ progress in combating money laundering and terrorism financing.

• The FATF’s primary goal is to protect the global financial system from misuse by criminals and terrorist organizations.

How many of the above statements is/are correct?

• (a) Only one

• (b) Only two

• (c) All three

Solution: B

Statement 1 is incorrect because the FATF is not a legal enforcement body and cannot directly impose sanctions. Instead, it works through its recommendations and member compliance. Countries that fail to comply with these recommendations may face indirect consequences, such as being placed on grey or black lists, which can lead to international financial isolation.

Statement 2 is correct because the FATF works with regional bodies like the Asia/Pacific Group on Money Laundering (APG) and other entities to monitor and assist countries in implementing necessary reforms.

Statement 3 is correct. The FATF’s overarching mission is to safeguard the global financial system by developing standards to combat money laundering, terrorist financing, and other related threats.

Solution: B

• Question 8 of 10 8. Question 1 points Match the following Indus Valley Civilization sites with their corresponding features: Site Feature a) Harappa 1. Discovery of a Great Bath b) Mohenjo-daro 2. Known for granaries and evidence of trade with Mesopotamia c) Dholavira 3. Evidence of a dockyard and bead-making industry d) Lothal 4. Known for a large water reservoir Select the correct answer code: (a) a-4, b-1, c-2, d-3 (b) a-1, b-3, c-4, d-2 (c) a-3, b-4, c-1, d-2 (d) a-2, b-1, c-4, d-3 Correct Solution: D Harappa is known for its granaries and trade links with Mesopotamia, Mohenjo-daro for the Great Bath, Dholavira for its large water reservoir, and Lothal for its dockyard and bead-making industry. Incorrect Solution: D Harappa is known for its granaries and trade links with Mesopotamia, Mohenjo-daro for the Great Bath, Dholavira for its large water reservoir, and Lothal for its dockyard and bead-making industry.

#### 8. Question

Match the following Indus Valley Civilization sites with their corresponding features:

Site | Feature

a) Harappa | 1. Discovery of a Great Bath

b) Mohenjo-daro | 2. Known for granaries and evidence of trade with Mesopotamia

c) Dholavira | 3. Evidence of a dockyard and bead-making industry

d) Lothal | 4. Known for a large water reservoir

Select the correct answer code:

• (a) a-4, b-1, c-2, d-3

• (b) a-1, b-3, c-4, d-2

• (c) a-3, b-4, c-1, d-2

• (d) a-2, b-1, c-4, d-3

Solution: D

Harappa is known for its granaries and trade links with Mesopotamia, Mohenjo-daro for the Great Bath, Dholavira for its large water reservoir, and Lothal for its dockyard and bead-making industry.

Solution: D

Harappa is known for its granaries and trade links with Mesopotamia, Mohenjo-daro for the Great Bath, Dholavira for its large water reservoir, and Lothal for its dockyard and bead-making industry.

• Question 9 of 10 9. Question 1 points With respect to the Federal Reserve, which of the following statements is/are correct? The Federal Reserve serves as the central banking system of the United States. The Fed directly controls the interest rates for consumer loans and mortgages. The Federal Funds Rate is the rate at which banks lend money to each other overnight. Select the correct answer code: (a) 1, 2, and 3 (b) 1 only (c) 2 and 3 only (d) 1 and 3 only Correct Solution: D Statement 1 is correct, as the Federal Reserve was indeed established in 1913 to serve as the central bank of the United States, with responsibilities for monetary policy, banking supervision, and providing financial services. Statement 2 is incorrect because the Federal Reserve does not directly control consumer loan and mortgage rates; instead, it influences them through its control of the Federal Funds Rate and other monetary policy tools. Statement 3 is correct, as the Federal Funds Rate is the interest rate at which banks lend money to one another overnight, and it serves as a benchmark for other interest rates in the economy. Incorrect Solution: D Statement 1 is correct, as the Federal Reserve was indeed established in 1913 to serve as the central bank of the United States, with responsibilities for monetary policy, banking supervision, and providing financial services. Statement 2 is incorrect because the Federal Reserve does not directly control consumer loan and mortgage rates; instead, it influences them through its control of the Federal Funds Rate and other monetary policy tools. Statement 3 is correct, as the Federal Funds Rate is the interest rate at which banks lend money to one another overnight, and it serves as a benchmark for other interest rates in the economy.

#### 9. Question

With respect to the Federal Reserve, which of the following statements is/are correct?

• The Federal Reserve serves as the central banking system of the United States.

• The Fed directly controls the interest rates for consumer loans and mortgages.

• The Federal Funds Rate is the rate at which banks lend money to each other overnight.

Select the correct answer code:

• (a) 1, 2, and 3

• (b) 1 only

• (c) 2 and 3 only

• (d) 1 and 3 only

Solution: D

Statement 1 is correct, as the Federal Reserve was indeed established in 1913 to serve as the central bank of the United States, with responsibilities for monetary policy, banking supervision, and providing financial services.

Statement 2 is incorrect because the Federal Reserve does not directly control consumer loan and mortgage rates; instead, it influences them through its control of the Federal Funds Rate and other monetary policy tools.

Statement 3 is correct, as the Federal Funds Rate is the interest rate at which banks lend money to one another overnight, and it serves as a benchmark for other interest rates in the economy.

Solution: D

Statement 3 is correct, as the Federal Funds Rate is the interest rate at which banks lend money to one another overnight, and it serves as a benchmark for other interest rates in the economy.

• Question 10 of 10 10. Question 1 points Consider the following statements regarding the Financial Intelligence Unit – India (FIU-IND): FIU-IND has its headquarters in Mumbai. FIU-IND shares intelligence with law enforcement agencies but does not investigate crimes. It was formed as an independent body under the Department of Revenue. FIU-IND works to combat financial crimes under the Foreign Exchange Management Act, 1999. Which of the above statements is/are correct? (a) 1, 2 and 3 only (b) 1, 3, and 4 only (c) 2 and 3 only (d) 1, 2, 3 and 4 Correct Solution: C Statement 1 is incorrect. FIU-IND is headquartered in New Delhi, not Mumbai. Statement 2 is correct. FIU-IND shares financial intelligence with law enforcement agencies but does not conduct investigations itself. Statement 3 is correct. FIU-IND was established in 2004 under the Department of Revenue and operates as an independent body. Statement 4 is incorrect. FIU-IND works under the Prevention of Money Laundering Act (PMLA), 2002, not the Foreign Exchange Management Act (FEMA), 1999. Incorrect Solution: C Statement 1 is incorrect. FIU-IND is headquartered in New Delhi, not Mumbai. Statement 2 is correct. FIU-IND shares financial intelligence with law enforcement agencies but does not conduct investigations itself. Statement 3 is correct. FIU-IND was established in 2004 under the Department of Revenue and operates as an independent body. Statement 4 is incorrect. FIU-IND works under the Prevention of Money Laundering Act (PMLA), 2002, not the Foreign Exchange Management Act (FEMA), 1999.

#### 10. Question

Consider the following statements regarding the Financial Intelligence Unit – India (FIU-IND):

• FIU-IND has its headquarters in Mumbai.

• FIU-IND shares intelligence with law enforcement agencies but does not investigate crimes.

• It was formed as an independent body under the Department of Revenue.

• FIU-IND works to combat financial crimes under the Foreign Exchange Management Act, 1999.

Which of the above statements is/are correct?

• (a) 1, 2 and 3 only

• (b) 1, 3, and 4 only

• (c) 2 and 3 only

• (d) 1, 2, 3 and 4

Solution: C

Statement 1 is incorrect. FIU-IND is headquartered in New Delhi, not Mumbai.

Statement 2 is correct. FIU-IND shares financial intelligence with law enforcement agencies but does not conduct investigations itself.

Statement 3 is correct. FIU-IND was established in 2004 under the Department of Revenue and operates as an independent body.

Statement 4 is incorrect. FIU-IND works under the Prevention of Money Laundering Act (PMLA), 2002, not the Foreign Exchange Management Act (FEMA), 1999.

Solution: C

Statement 1 is incorrect. FIU-IND is headquartered in New Delhi, not Mumbai.

Statement 2 is correct. FIU-IND shares financial intelligence with law enforcement agencies but does not conduct investigations itself.

Statement 3 is correct. FIU-IND was established in 2004 under the Department of Revenue and operates as an independent body.

Statement 4 is incorrect. FIU-IND works under the Prevention of Money Laundering Act (PMLA), 2002, not the Foreign Exchange Management Act (FEMA), 1999.

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