Economics · Financial Regulations
What is the primary objective of a Prevention of Money Laundering Bill/Act?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To standardize the calculation methods of National Income
- 2To provide financial credit facilities to rural households
- 3To monitor and prevent the movement of illegally obtained money✓
- 4To regulate the Consumer Price Index (CPI)
Correct answer
To monitor and prevent the movement of illegally obtained money
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