ECONOMICS
FINANCIAL MARKETS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Yes, I understand this from the notes
|
|
|
No, I don’t understand this from the notes
|
|
|
No, I don’t understand this, as I have not read the notes
|
|
|
None of the above
|
Detailed explanation-1: -All types of banking fraud refer to the act of using illegal means to obtain money or other assets held by a financial institution. With online banking fraud on the rise, more fraudsters are becoming implicated in scams.
Detailed explanation-2: -Types of fraud include tax fraud, credit card fraud, wire fraud, securities fraud, and bankruptcy fraud. Fraudulent activity can be carried out by one individual, multiple individuals or a business firm as a whole.
Detailed explanation-3: -What is a bank fraud. Bank fraud is a purposeful act of omission or conduct by any person in the course of a banking transaction or in the bank’s books of accounts, which results in unlawful temporary gain to any individual or otherwise, with or without any monetary loss to the bank.
Detailed explanation-4: -Vijay Mallya Fraud case. Also Read | CBI files FIR against Corporate Power Ltd in Rs 4K-cr bank fraud case. Punjab National Bank scam. Also Read | CBI files three fresh FIRs against Mehul Choksi in Rs 6, 700 crore fraud case. More items •25-Dec-2022