Civil Services TSPSC Group 1 Mock Test 2022-23 Current Affairs Business and Economy Economic and Financial Affairs
Consider the following statements with reference to Money laundering in India:
1. Enforcement Directorate (ED) is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance.
2. Money laundering is the conversion of black money into white money.
3. The term round-tripping means dividing a large sum of money into small pieces which are deposited in different banks in numerous accounts.
Which of the statement given above is/ are correct?
1
1 only
2
1 and 2
3
2 only
4
2 and 3