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    Question

    The Central Vigilance Commission (CVC) has expanded the

    scope of an advisory board that conducts first level examination of bank frauds involving amounts of ______ crore and above.
    A 5 crore Correct Answer Incorrect Answer
    B 3 crore Correct Answer Incorrect Answer
    C 20 crore Correct Answer Incorrect Answer
    D 50 crore Correct Answer Incorrect Answer
    E 25 crore Correct Answer Incorrect Answer

    Solution

    The Central Vigilance Commission (CVC) expanded the scope of the Advisory Board for Banking and Financial Frauds (ABBFF), which would now examine bank frauds of Rs 3 crore and above. Earlier it was only looking into banking and financial frauds of Rs 50 crore and above. This will be a good relief for the banking industry.

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