New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Which of the following is an objective of

    PMLA?
    A To prevent and control money laundering. Correct Answer Incorrect Answer
    B To confiscate and seize property obtained from laundered money. Correct Answer Incorrect Answer
    C To establish special court. Correct Answer Incorrect Answer
    D Both (a) & (b) Correct Answer Incorrect Answer

    Solution

    To establish special court is provided under s.43 of the Act, but is not an objective of the Act.

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