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Reported Question / Answer
Q.) One of the major challenges banking industry is facing these days is deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following acts is passed to prevent this activity ?
1)
Payment & Settlements Act
2)
Banking Regulation Act
3)
Negotiable Instrument Act
4)
Narcotics and Psychotropic Substance Act
5)
Prevention of Money laundering Act
Answer :
5
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