Multiple Choice Questions on Which of the following statements about the Financial Action Task Force FATF is correct 1 FATF was e........... for Combined State Civil Services Preparation

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Multiple Choice Questions

Which of the following statements about the Financial Action Task Force FATF is correct 1 FATF was e...........

Indian Economic System(CSC) Financial System
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    Which of the following statements about the Financial Action Task Force (FATF) is correct?

    1. FATF was established in 1989 at the request of the United Nations.

    2. FATF's headquarters are located in New York, USA.

    3. FATF conducts peer reviews known as Mutual Evaluations.

    4. India became a member of FATF in 2010.

    1 and 2 only

    Incorrect Answer

    3 and 4 only

    Correct Answer

    2, 3, and 4 only

    Incorrect Answer

    1, 2, and 3 only

    Incorrect Answer
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    Explanation:

    FATF was established in 1989 at the G7 Summit, not by the United Nations. Its headquarters are in Paris, France, not New York, USA. Mutual Evaluations are indeed conducted by FATF, and India became a member in 2010.

    By: susheel
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