Economics · Banking System
What does the term 'Money Laundering' mean?
- 1Depositing domestic currency funds into an international bank account
- 2The process of converting illegally obtained funds to make them appear legal✓
- 3Earning money directly through standard commercial trade activities
- 4Hiding legitimate sources of income to avoid paying income tax
Correct answer
The process of converting illegally obtained funds to make them appear legal
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Banking System?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Banking System