2022
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Government has announced the extension of the scope of the Advisory Board for Banking and Financial Frauds (ABBFF), to cover all fraud cases above what amount?
|
|
Rs 1 crore
|
|
|
Rs 50 crore
|
|
|
Rs 3 crore
|
|
|
Rs 20 crore
|
Explanation:
Detailed explanation-1: -The ABBF would function as the first level of examination of all large fraud cases before recommendations / references are made to the investigative agencies, i.e., CBI by the respective PSBs.
Detailed explanation-2: -Advisory Board for Banking and Financial Frauds (ABBFF) - Extension of Scope - Rs.
Detailed explanation-3: -The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) to examine bank fraud of over 50 crore rupees and recommend action. The panel was previously known as the Advisory Board on Bank, Commercial and Financial Frauds.
There is 1 question to complete.