UPSC Current Affairs Quiz : 24 September 2024
Kartavya Desk Staff
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 Which of the following statements is correct regarding the Bombay High Court’s ruling on the amended IT Rules, 2023? a) The court upheld the Centre's right to establish a fact-check unit for "fake news." b) The court ruled that the amended IT Rules do not violate any constitutional rights. c) The court ruled that the terms "fake, false, and misleading" in the IT Rules are too vague. d) The court ruled that the state must only provide verified information. Correct Solution: c) The Bombay High Court struck down the amended IT Rules, 2023, specifically criticizing the terms “fake, false, and misleading” as being too vague, which made them open to misuse. The court ruled that these vague terms could lead to arbitrary use of power, impacting the fundamental rights to equality and free speech. The judgment highlighted the importance of precision in legal terms, particularly when it concerns the restriction of constitutional freedoms, like free speech. Incorrect Solution: c) The Bombay High Court struck down the amended IT Rules, 2023, specifically criticizing the terms “fake, false, and misleading” as being too vague, which made them open to misuse. The court ruled that these vague terms could lead to arbitrary use of power, impacting the fundamental rights to equality and free speech. The judgment highlighted the importance of precision in legal terms, particularly when it concerns the restriction of constitutional freedoms, like free speech.
#### 1. Question
Which of the following statements is correct regarding the Bombay High Court’s ruling on the amended IT Rules, 2023?
• a) The court upheld the Centre's right to establish a fact-check unit for "fake news."
• b) The court ruled that the amended IT Rules do not violate any constitutional rights.
• c) The court ruled that the terms "fake, false, and misleading" in the IT Rules are too vague.
• d) The court ruled that the state must only provide verified information.
Solution: c)
The Bombay High Court struck down the amended IT Rules, 2023, specifically criticizing the terms “fake, false, and misleading” as being too vague, which made them open to misuse.
The court ruled that these vague terms could lead to arbitrary use of power, impacting the fundamental rights to equality and free speech.
The judgment highlighted the importance of precision in legal terms, particularly when it concerns the restriction of constitutional freedoms, like free speech.
Solution: c)
The Bombay High Court struck down the amended IT Rules, 2023, specifically criticizing the terms “fake, false, and misleading” as being too vague, which made them open to misuse.
The court ruled that these vague terms could lead to arbitrary use of power, impacting the fundamental rights to equality and free speech.
The judgment highlighted the importance of precision in legal terms, particularly when it concerns the restriction of constitutional freedoms, like free speech.
• Question 2 of 10 2. Question 1 points Consider the following statements regarding the India-Myanmar border: The India-Myanmar border spans four Indian states: Mizoram, Manipur, Nagaland, and Arunachal Pradesh. The trijunction between India, China, and Myanmar is yet to be officially agreed upon. The border includes geographical features like the Mishmi Hills and the Tiau River. Which of the statements given above is/are correct? a) 1 and 2 b) 1 and 3 c) 2 and 3 d) 1, 2, and 3 Correct Solution: d) The India-Myanmar border spans four Indian states—Mizoram, Manipur, Nagaland, and Arunachal Pradesh—making statement 1 correct. The trijunction between India, China, and Myanmar has yet to be officially agreed upon, with the de facto tripoint located just north of the Diphu Pass (statement 2 is correct). The border passes through various geographical features, including the Mishmi Hills, Patkai Range, Tiau River, and Chin Hills, making statement 3 correct as well. Incorrect Solution: d) The India-Myanmar border spans four Indian states—Mizoram, Manipur, Nagaland, and Arunachal Pradesh—making statement 1 correct. The trijunction between India, China, and Myanmar has yet to be officially agreed upon, with the de facto tripoint located just north of the Diphu Pass (statement 2 is correct). The border passes through various geographical features, including the Mishmi Hills, Patkai Range, Tiau River, and Chin Hills, making statement 3 correct as well.
#### 2. Question
Consider the following statements regarding the India-Myanmar border:
• The India-Myanmar border spans four Indian states: Mizoram, Manipur, Nagaland, and Arunachal Pradesh.
• The trijunction between India, China, and Myanmar is yet to be officially agreed upon.
• The border includes geographical features like the Mishmi Hills and the Tiau River.
Which of the statements given above is/are correct?
• a) 1 and 2
• b) 1 and 3
• c) 2 and 3
• d) 1, 2, and 3
Solution: d)
The India-Myanmar border spans four Indian states—Mizoram, Manipur, Nagaland, and Arunachal Pradesh—making statement 1 correct.
The trijunction between India, China, and Myanmar has yet to be officially agreed upon, with the de facto tripoint located just north of the Diphu Pass (statement 2 is correct).
The border passes through various geographical features, including the Mishmi Hills, Patkai Range, Tiau River, and Chin Hills, making statement 3 correct as well.
Solution: d)
The India-Myanmar border spans four Indian states—Mizoram, Manipur, Nagaland, and Arunachal Pradesh—making statement 1 correct.
The trijunction between India, China, and Myanmar has yet to be officially agreed upon, with the de facto tripoint located just north of the Diphu Pass (statement 2 is correct).
The border passes through various geographical features, including the Mishmi Hills, Patkai Range, Tiau River, and Chin Hills, making statement 3 correct as well.
• Question 3 of 10 3. Question 1 points Consider the following statements about the objectives of the International Big Cat Alliance (IBCA): The IBCA is solely focused on habitat conservation for big cats. The alliance works with countries and organizations to promote sustainable resource use. Addressing climate challenges is a part of the IBCA’s mission. How many of the above statements is/are correct? a) Only one b) Only two c) All three d) None Correct Solution: b) The IBCA aims to conserve big cats and their habitats, but it is not solely focused on habitat conservation (statement 1 is incorrect). The alliance also promotes the sustainable use of resources and addresses climate challenges as part of its broader mission to protect big cats (statements 2 and 3 are correct). Incorrect Solution: b) The IBCA aims to conserve big cats and their habitats, but it is not solely focused on habitat conservation (statement 1 is incorrect). The alliance also promotes the sustainable use of resources and addresses climate challenges as part of its broader mission to protect big cats (statements 2 and 3 are correct).
#### 3. Question
Consider the following statements about the objectives of the International Big Cat Alliance (IBCA):
• The IBCA is solely focused on habitat conservation for big cats.
• The alliance works with countries and organizations to promote sustainable resource use.
• Addressing climate challenges is a part of the IBCA’s mission.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) All three
Solution: b)
The IBCA aims to conserve big cats and their habitats, but it is not solely focused on habitat conservation (statement 1 is incorrect). The alliance also promotes the sustainable use of resources and addresses climate challenges as part of its broader mission to protect big cats (statements 2 and 3 are correct).
Solution: b)
The IBCA aims to conserve big cats and their habitats, but it is not solely focused on habitat conservation (statement 1 is incorrect). The alliance also promotes the sustainable use of resources and addresses climate challenges as part of its broader mission to protect big cats (statements 2 and 3 are correct).
• Question 4 of 10 4. Question 1 points Which of the following is a key element of the proportionality test in constitutional law? a) The law must only be necessary, regardless of its impact on fundamental rights. b) The law's purpose must be in line with government policy, even if it infringes on rights. c) The law must impose the least restrictive means to achieve a legitimate objective. d) The law must not be challenged if it is passed by a majority in the legislature. Correct Solution: c) The proportionality test requires that a law must impose the least restrictive means to achieve a legitimate objective. This means that the law should not disproportionately impact individual rights and freedoms when alternative, less harmful means could achieve the same purpose. It ensures that restrictions on rights are minimal and justified, balancing the objectives of the law with the protection of fundamental rights. The Bombay High Court has struck down the amended IT Rules, 2023, which allowed the Centre to establish a fact-check unitto identify “fake news” about the government. The court ruled that the rules violated the Constitution’s rights to equality and free speech, describing the terms “fake, false, and misleading” as vague. The court ruled that the state is not obligated to provide only verified information. The measures also failed the test of proportionality, which evaluates the legitimacy, suitability, necessity, and balancing of laws against rights. This decision followed a split verdict in January 2024 and a petition from various groups, including comedian Kunal Kamra. Digital rights advocates welcomed the ruling, emphasizing the importance of independent media in fact-checking. Incorrect Solution: c) The proportionality test requires that a law must impose the least restrictive means to achieve a legitimate objective. This means that the law should not disproportionately impact individual rights and freedoms when alternative, less harmful means could achieve the same purpose. It ensures that restrictions on rights are minimal and justified, balancing the objectives of the law with the protection of fundamental rights. The Bombay High Court has struck down the amended IT Rules, 2023, which allowed the Centre to establish a fact-check unitto identify “fake news” about the government. The court ruled that the rules violated the Constitution’s rights to equality and free speech, describing the terms “fake, false, and misleading” as vague. The court ruled that the state is not obligated to provide only verified information. The measures also failed the test of proportionality, which evaluates the legitimacy, suitability, necessity, and balancing of laws against rights. This decision followed a split verdict in January 2024 and a petition from various groups, including comedian Kunal Kamra. Digital rights advocates welcomed the ruling, emphasizing the importance of independent media in fact-checking.
#### 4. Question
Which of the following is a key element of the proportionality test in constitutional law?
• a) The law must only be necessary, regardless of its impact on fundamental rights.
• b) The law's purpose must be in line with government policy, even if it infringes on rights.
• c) The law must impose the least restrictive means to achieve a legitimate objective.
• d) The law must not be challenged if it is passed by a majority in the legislature.
Solution: c)
The proportionality test requires that a law must impose the least restrictive means to achieve a legitimate objective. This means that the law should not disproportionately impact individual rights and freedoms when alternative, less harmful means could achieve the same purpose. It ensures that restrictions on rights are minimal and justified, balancing the objectives of the law with the protection of fundamental rights.
• The Bombay High Court has struck down the amended IT Rules, 2023, which allowed the Centre to establish a fact-check unitto identify “fake news” about the government.
• The court ruled that the rules violated the Constitution’s rights to equality and free speech, describing the terms “fake, false, and misleading” as vague. The court ruled that the state is not obligated to provide only verified information. The measures also failed the test of proportionality, which evaluates the legitimacy, suitability, necessity, and balancing of laws against rights.
This decision followed a split verdict in January 2024 and a petition from various groups, including comedian Kunal Kamra. Digital rights advocates welcomed the ruling, emphasizing the importance of independent media in fact-checking.
Solution: c)
The proportionality test requires that a law must impose the least restrictive means to achieve a legitimate objective. This means that the law should not disproportionately impact individual rights and freedoms when alternative, less harmful means could achieve the same purpose. It ensures that restrictions on rights are minimal and justified, balancing the objectives of the law with the protection of fundamental rights.
• The Bombay High Court has struck down the amended IT Rules, 2023, which allowed the Centre to establish a fact-check unitto identify “fake news” about the government.
• The court ruled that the rules violated the Constitution’s rights to equality and free speech, describing the terms “fake, false, and misleading” as vague. The court ruled that the state is not obligated to provide only verified information. The measures also failed the test of proportionality, which evaluates the legitimacy, suitability, necessity, and balancing of laws against rights.
This decision followed a split verdict in January 2024 and a petition from various groups, including comedian Kunal Kamra. Digital rights advocates welcomed the ruling, emphasizing the importance of independent media in fact-checking.
• Question 5 of 10 5. Question 1 points Consider the following statements about the significance of secondary agriculture: Secondary agriculture increases farmer income through value-added products. It primarily focuses on large-scale industrial production. It helps boost rural cottage industries. Secondary agriculture promotes unsustainable farming practices. How many of the above statements is/are correct? a) Only one b) Only two c) Only three d) All four Correct Solution: b) Secondary agriculture increases farmers’ income by converting primary agricultural products and residues into value-added items (statement 1). It also plays a key role in supporting rural cottage industries, which contribute to rural employment and economic growth (statement 3). However, secondary agriculture is not focused on large-scale industrial production (statement 2 is incorrect) and promotes sustainable practices by utilizing crop residues and by-products, contrary to statement 4. Therefore, statements 1 and 3 are correct. Incorrect Solution: b) Secondary agriculture increases farmers’ income by converting primary agricultural products and residues into value-added items (statement 1). It also plays a key role in supporting rural cottage industries, which contribute to rural employment and economic growth (statement 3). However, secondary agriculture is not focused on large-scale industrial production (statement 2 is incorrect) and promotes sustainable practices by utilizing crop residues and by-products, contrary to statement 4. Therefore, statements 1 and 3 are correct.
#### 5. Question
Consider the following statements about the significance of secondary agriculture:
• Secondary agriculture increases farmer income through value-added products.
• It primarily focuses on large-scale industrial production.
• It helps boost rural cottage industries.
• Secondary agriculture promotes unsustainable farming practices.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) Only three
• d) All four
Solution: b)
• Secondary agriculture increases farmers’ income by converting primary agricultural products and residues into value-added items (statement 1).
• It also plays a key role in supporting rural cottage industries, which contribute to rural employment and economic growth (statement 3).
However, secondary agriculture is not focused on large-scale industrial production (statement 2 is incorrect) and promotes sustainable practices by utilizing crop residues and by-products, contrary to statement 4. Therefore, statements 1 and 3 are correct.
Solution: b)
• Secondary agriculture increases farmers’ income by converting primary agricultural products and residues into value-added items (statement 1).
• It also plays a key role in supporting rural cottage industries, which contribute to rural employment and economic growth (statement 3).
However, secondary agriculture is not focused on large-scale industrial production (statement 2 is incorrect) and promotes sustainable practices by utilizing crop residues and by-products, contrary to statement 4. Therefore, statements 1 and 3 are correct.
• Question 6 of 10 6. Question 1 points Match the following big cat species with the regions where they are predominantly found: Big Cat Species Region A. Tiger 1. Sub-Saharan Africa B. Lion 2. India and Southeast Asia C. Cheetah 3. Northern and Southern Africa D. Snow Leopard 4. Central Asia and Himalayan regions Select the correct answer code: a) A-2, B-1, C-3, D-4 b) A-1, B-2, C-3, D-4 c) A-4, B-3, C-2, D-1 d) A-3, B-2, C-1, D-4 Correct Solution: a) Tigers are predominantly found in India and Southeast Asia (A-2). Lions are primarily found in Sub-Saharan Africa (B-1). Cheetahs are mostly found in Northern and Southern Africa (C-3), while Snow Leopards inhabit the Central Asian highlands and the Himalayan regions (D-4). Incorrect Solution: a) Tigers are predominantly found in India and Southeast Asia (A-2). Lions are primarily found in Sub-Saharan Africa (B-1). Cheetahs are mostly found in Northern and Southern Africa (C-3), while Snow Leopards inhabit the Central Asian highlands and the Himalayan regions (D-4).
#### 6. Question
Match the following big cat species with the regions where they are predominantly found:
Big Cat Species | Region
A. Tiger | 1. Sub-Saharan Africa
B. Lion | 2. India and Southeast Asia
C. Cheetah | 3. Northern and Southern Africa
D. Snow Leopard | 4. Central Asia and Himalayan regions
Select the correct answer code:
• a) A-2, B-1, C-3, D-4
• b) A-1, B-2, C-3, D-4
• c) A-4, B-3, C-2, D-1
• d) A-3, B-2, C-1, D-4
Solution: a)
Tigers are predominantly found in India and Southeast Asia (A-2).
Lions are primarily found in Sub-Saharan Africa (B-1).
Cheetahs are mostly found in Northern and Southern Africa (C-3), while Snow Leopards inhabit the Central Asian highlands and the Himalayan regions (D-4).
Solution: a)
Tigers are predominantly found in India and Southeast Asia (A-2).
Lions are primarily found in Sub-Saharan Africa (B-1).
Cheetahs are mostly found in Northern and Southern Africa (C-3), while Snow Leopards inhabit the Central Asian highlands and the Himalayan regions (D-4).
• Question 7 of 10 7. Question 1 points Which of the following statements is correct regarding the Free Movement Regime (FMR) between India and Myanmar? a) FMR allows residents to travel up to 50 km into each other’s territory without a visa. b) FMR was implemented in 2020 to facilitate economic ties between India and Myanmar. c) FMR is implemented along the entire length of the India-Myanmar border without restrictions. d) FMR allows a two-week stay for residents crossing up to 16 km into each other’s territory Correct Solution: d) The Free Movement Regime (FMR) allows residents on both sides of the India-Myanmar border to travel up to 16 km into each other’s territory without a visa, with the provision of a border pass valid for one year. It also allows residents to stay for up to two weeks. The FMR is limited in scope to this specific movement and is not implemented across the entire border without restrictions. Incorrect Solution: d) The Free Movement Regime (FMR) allows residents on both sides of the India-Myanmar border to travel up to 16 km into each other’s territory without a visa, with the provision of a border pass valid for one year. It also allows residents to stay for up to two weeks. The FMR is limited in scope to this specific movement and is not implemented across the entire border without restrictions.disobedience of a court’s order or judgment. It seeks enforcement of the court’s decision and holds the defying party accountable. If the court finds that contempt has been committed, it may impose penalties, such as fines or imprisonment, to ensure compliance.
#### 7. Question
Which of the following statements is correct regarding the Free Movement Regime (FMR) between India and Myanmar?
• a) FMR allows residents to travel up to 50 km into each other’s territory without a visa.
• b) FMR was implemented in 2020 to facilitate economic ties between India and Myanmar.
• c) FMR is implemented along the entire length of the India-Myanmar border without restrictions.
• d) FMR allows a two-week stay for residents crossing up to 16 km into each other’s territory
Solution: d)
The Free Movement Regime (FMR) allows residents on both sides of the India-Myanmar border to travel up to 16 km into each other’s territory without a visa, with the provision of a border pass valid for one year. It also allows residents to stay for up to two weeks.
The FMR is limited in scope to this specific movement and is not implemented across the entire border without restrictions.
Solution: d)
The Free Movement Regime (FMR) allows residents on both sides of the India-Myanmar border to travel up to 16 km into each other’s territory without a visa, with the provision of a border pass valid for one year. It also allows residents to stay for up to two weeks.
The FMR is limited in scope to this specific movement and is not implemented across the entire border without restrictions.disobedience of a court’s order or judgment. It seeks enforcement of the court’s decision and holds the defying party accountable. If the court finds that contempt has been committed, it may impose penalties, such as fines or imprisonment, to ensure compliance.
• Question 8 of 10 8. Question 1 points Consider the following statements regarding the significance of big cats in ecosystem conservation: Big cats serve as umbrella species, helping protect broader ecosystems. India is home to 50% of the world’s tigers. Loss of big cats can result in overpopulation of prey species, leading to habitat degradation. Big cats have little impact on the trophic levels of ecosystems. How many of the above statements is/are correct? a) Only one b) Only two c) Only three d) All four Correct Solution: b) Big cats are considered umbrella species because their conservation protects entire ecosystems, including other species that share their habitats (statement 1). The loss of apex predators like big cats can lead to an overpopulation of prey species, which causes overgrazing and habitat degradation (statement 3). India is home to 75% of the world’s tigers, not 50%, making statement 2 incorrect. Statement 4 is also incorrect, as big cats significantly influence the trophic levels within their ecosystems. Incorrect Solution: b) Big cats are considered umbrella species because their conservation protects entire ecosystems, including other species that share their habitats (statement 1). The loss of apex predators like big cats can lead to an overpopulation of prey species, which causes overgrazing and habitat degradation (statement 3). India is home to 75% of the world’s tigers, not 50%, making statement 2 incorrect. Statement 4 is also incorrect, as big cats significantly influence the trophic levels within their ecosystems.
#### 8. Question
Consider the following statements regarding the significance of big cats in ecosystem conservation:
• Big cats serve as umbrella species, helping protect broader ecosystems.
• India is home to 50% of the world’s tigers.
• Loss of big cats can result in overpopulation of prey species, leading to habitat degradation.
• Big cats have little impact on the trophic levels of ecosystems.
How many of the above statements is/are correct?
• a) Only one
• b) Only two
• c) Only three
• d) All four
Solution: b)
• Big cats are considered umbrella species because their conservation protects entire ecosystems, including other species that share their habitats (statement 1).
• The loss of apex predators like big cats can lead to an overpopulation of prey species, which causes overgrazing and habitat degradation (statement 3).
• India is home to 75% of the world’s tigers, not 50%, making statement 2 incorrect.
• Statement 4 is also incorrect, as big cats significantly influence the trophic levels within their ecosystems.
Solution: b)
• Big cats are considered umbrella species because their conservation protects entire ecosystems, including other species that share their habitats (statement 1).
• The loss of apex predators like big cats can lead to an overpopulation of prey species, which causes overgrazing and habitat degradation (statement 3).
• India is home to 75% of the world’s tigers, not 50%, making statement 2 incorrect.
• Statement 4 is also incorrect, as big cats significantly influence the trophic levels within their ecosystems.
• Question 9 of 10 9. Question 1 points Match the following geographical features with their locations along the India-Myanmar border: Geographical Feature Location Along the Border A. Mishmi Hills 1. Northern part of the India-Myanmar border B. Chin Hills 2. Southern part of the India-Myanmar border C. Diphu Pass 3. Trijunction area between India, Myanmar, and China D. Tiau River 4. Border between Mizoram and Myanmar Select the correct answer code: a) A-2, B-4, C-1, D-3 b) A-4, B-3, C-2, D-1 c) A-1, B-3, C-4, D-2 d) A-1, B-2, C-3, D-4 Correct Solution: d) The Mishmi Hills are located in the northern part of the India-Myanmar border (A-1). The Chin Hills are found in the southern part of the border (B-2). The Diphu Pass is located near the trijunction between India, Myanmar, and China (C-3). The Tiau River marks part of the border between Mizoram and Myanmar (D-4). Incorrect Solution: d) The Mishmi Hills are located in the northern part of the India-Myanmar border (A-1). The Chin Hills are found in the southern part of the border (B-2). The Diphu Pass is located near the trijunction between India, Myanmar, and China (C-3). The Tiau River marks part of the border between Mizoram and Myanmar (D-4).
#### 9. Question
Match the following geographical features with their locations along the India-Myanmar border:
Geographical Feature | Location Along the Border
A. Mishmi Hills | 1. Northern part of the India-Myanmar border
B. Chin Hills | 2. Southern part of the India-Myanmar border
C. Diphu Pass | 3. Trijunction area between India, Myanmar, and China
D. Tiau River | 4. Border between Mizoram and Myanmar
Select the correct answer code:
• a) A-2, B-4, C-1, D-3
• b) A-4, B-3, C-2, D-1
• c) A-1, B-3, C-4, D-2
• d) A-1, B-2, C-3, D-4
Solution: d)
The Mishmi Hills are located in the northern part of the India-Myanmar border (A-1).
The Chin Hills are found in the southern part of the border (B-2).
The Diphu Pass is located near the trijunction between India, Myanmar, and China (C-3).
The Tiau River marks part of the border between Mizoram and Myanmar (D-4).
Solution: d)
The Mishmi Hills are located in the northern part of the India-Myanmar border (A-1).
The Chin Hills are found in the southern part of the border (B-2).
The Diphu Pass is located near the trijunction between India, Myanmar, and China (C-3).
The Tiau River marks part of the border between Mizoram and Myanmar (D-4).
• Question 10 of 10 10. Question 1 points Consider the following statements regarding the FATF: The FATF is an inter-governmental body created during the G7 Summit. FATF was created mainly to combat the financing of terrorism. India has been a member of the FATF since its establishment. Which of the statements given above is/are correct a) 1 only b) 2 and 3 only c) 1 and 3 only d) 1, 2, and 3 Correct Solution: a) Statement 1 is correct. The FATF was indeed created in 1989 during the G7 Summit in Paris with the primary goal of combating money laundering. Statement 2 incorrect, as the FATF’s mandate was expanded after the 9/11 terrorist attacks in 2001 to include countering the financing of terrorism (CFT) in addition to anti-money laundering (AML). Statement 3 is incorrect because India became a member of the FATF in 2010, not at its inception in 1989. India has actively contributed to the global efforts of the FATF in combating financial crimes since then. Incorrect Solution: a) Statement 1 is correct. The FATF was indeed created in 1989 during the G7 Summit in Paris with the primary goal of combating money laundering. Statement 2 incorrect, as the FATF’s mandate was expanded after the 9/11 terrorist attacks in 2001 to include countering the financing of terrorism (CFT) in addition to anti-money laundering (AML). Statement 3 is incorrect because India became a member of the FATF in 2010, not at its inception in 1989. India has actively contributed to the global efforts of the FATF in combating financial crimes since then.
#### 10. Question
• Consider the following statements regarding the FATF:
• The FATF is an inter-governmental body created during the G7 Summit.
• FATF was created mainly to combat the financing of terrorism.
• India has been a member of the FATF since its establishment.
Which of the statements given above is/are correct
• b) 2 and 3 only
• c) 1 and 3 only
• d) 1, 2, and 3
Solution: a)
Statement 1 is correct. The FATF was indeed created in 1989 during the G7 Summit in Paris with the primary goal of combating money laundering.
Statement 2 incorrect, as the FATF’s mandate was expanded after the 9/11 terrorist attacks in 2001 to include countering the financing of terrorism (CFT) in addition to anti-money laundering (AML).
Statement 3 is incorrect because India became a member of the FATF in 2010, not at its inception in 1989. India has actively contributed to the global efforts of the FATF in combating financial crimes since then.
Solution: a)
Statement 1 is correct. The FATF was indeed created in 1989 during the G7 Summit in Paris with the primary goal of combating money laundering.
Statement 2 incorrect, as the FATF’s mandate was expanded after the 9/11 terrorist attacks in 2001 to include countering the financing of terrorism (CFT) in addition to anti-money laundering (AML).
Statement 3 is incorrect because India became a member of the FATF in 2010, not at its inception in 1989. India has actively contributed to the global efforts of the FATF in combating financial crimes since then.
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