Important Iaws On Finance And Financial Crimes

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76. The Competition Commission of India (CCI) has the power to investigate and impose penalties for anti-competitive agreements and abuse of dominant position in which sector?
a) Telecommunications
b) Banking
c) Power and electricity
d) All of the above

Answer: d) All of the above
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77. The Reserve Bank of India (RBI) is authorized to issue guidelines and regulations for which mode of electronic fund transfer in India?
a) National Electronic Funds Transfer (NEFT)
b) Real-Time Gross Settlement (RTGS)
c) Immediate Payment Service (IMPS)
d) Unified Payments Interface (UPI)

Answer: d) Unified Payments Interface (UPI)
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78. The Prevention of Money Laundering Act (PMLA) in India provides for the establishment of which authority to hear appeals against the orders of the Adjudicating Authority?
a) Appellate Tribunal for Forfeited Property (ATFP)
b) Appellate Tribunal for Prevention of Money Laundering (ATPML)
c) Appellate Tribunal for Income Tax (ATIT)
d) Appellate Tribunal for Foreign Exchange (ATFE)

Answer: b) Appellate Tribunal for Prevention of Money Laundering (ATPML)
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79. The Reserve Bank of India (RBI) has the power to issue guidelines and regulations for which mode of electronic fund transfer in India?
a) National Electronic Funds Transfer (NEFT)
b) Real-Time Gross Settlement (RTGS)
c) Immediate Payment Service (IMPS)
d) Unified Payments Interface (UPI)

Answer: b) Real-Time Gross Settlement (RTGS)
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80. The Prevention of Money Laundering Act (PMLA) in India defines “proceeds of crime” as any property derived or obtained, directly or indirectly, by any person as a result of which activities?
a) Drug trafficking
b) Terrorism
c) Smuggling
d) All of the above

Answer: d) All of the above
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