BPSC 63rd Prelims Exam 01 Jul 2018 Solved Paper

Question : 90 of 150

Marks: +1, -0

The Preventionof Money Laundering Act came into force in India during PMLA 2002

1998
1999
2001
2005
None of the above/More than one of the above

Solution:

The Prevention of Money Laundering Act came into force in India during

2005 .

It has three main objectives:
- To prevent and control money laundering
- To confiscate and seize the property obtained from the laundered money; and
- To deal with any other issue connected with money laundering in India.

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