mediumFPSCNTSCSSPPSCOTSIBASTSCurrent Affairs
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Related Current Affairs MCQs
View all1COP29 (29th UN Climate Conference) was hosted by?2Nobel Peace Prize 2023 was awarded to?3Because of blockage in Black Sea, which product's trade is mainly affected?4What is key feature of IMF Stand-By Agreement?5In climate change context, COP stands for?6Which agreement ended the 1965 war between Pakistan and India?
Answer and explanation
Correct Answer: B: FATF
Explanation: The Financial Action Task Force is an international organization that monitors countries regarding money laundering, terror financing, and financial transparency. Pakistan remained under FATF monitoring for several years before significant improvements were acknowledged internationally. FATF-related reforms pushed Pakistan to strengthen banking regulations, financial monitoring systems, and anti-terror financing laws. Questions regarding FATF are highly important in Current Affairs because the organization directly impacts Pakistan’s economy, foreign investment environment, and international financial credibility.