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Consider the following pairs:
1. FATF Categories: Regular follow-up - Russia, France, Italy, UK, India
2. Digital Economy: JAM Trinity - Facilitates digital transactions
3. Money Laundering: Concealing identity of legal proceeds
4. Terrorism Financing: Providing financial support to terrorist organizations
How many pairs given above are correctly matched?
  • a)
    Only one pair
  • b)
    Only two pairs
  • c)
    Only three pairs
  • d)
    All four pairs
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following pairs:1. FATF Categories: Regular follow-up - ...
1. FATF Categories: Regular follow-up - Russia, France, Italy, UK, India
*Correctly matched.*
Explanation: India has been classified into the 'regular follow-up' category along with Russia, France, Italy, and the UK.
2. Digital Economy: JAM Trinity - Facilitates digital transactions
*Correctly matched.*
Explanation: The JAM Trinity (Jan Dhan, Aadhaar, Mobile) has been instrumental in facilitating India's transition to a digital economy and mitigating risks associated with money laundering and terrorist financing.
3. Money Laundering: Concealing identity of legal proceeds
*Incorrectly matched.*
Explanation: Money laundering involves concealing the identity of illegally obtained proceeds, not legal proceeds.
4. Terrorism Financing: Providing financial support to terrorist organizations
*Correctly matched.*
Explanation: Terrorism financing involves providing financial support to terrorists or terrorist organizations to enable them to carry out terrorist acts.
Thus, three pairs are correctly matched.
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Consider the following pairs:1. FATF Categories: Regular follow-up - Russia, France, Italy, UK, India2. Digital Economy: JAM Trinity - Facilitates digital transactions3. Money Laundering: Concealing identity of legal proceeds4. Terrorism Financing: Providing financial support to terrorist organizationsHow many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'C'. Can you explain this answer?
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