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Q:

What does “L” stand for in PMLA?

A) Leverage B) Limit
C) Lending D) Liberalised

Answer:   



Explanation:

PMLA stands for Prevention of Money Laundering Act, 2002. So, L stands for Laundering. Prevention of Money Laundering Act, 2002 is an Act of the Parliament of India enacted by the NDA
government to prevent money-laundering and to provide for confiscation of property derived from money-laundering.

Subject: General Awareness
Exam Prep: Bank Exams
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