Financial Crimes Quiz
Practice quiz on Financial Crimes (General Awareness). 10 exam-style questions with explanations.
About This Quiz
Financial Crimes Quiz — Questions with Solutions
All 10 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.
Q1.Money laundering is
- A.Saving money
- B.Printing money
- C.Printing coins
- D.Converting illegal money into legal money
Show answer
Answer: D. Converting illegal money into legal money
Disguising illegal funds.
Q2.The PMLA Act was enacted in
- A.1991
- B.1947
- C.2010
- D.2002
Show answer
Answer: D. 2002
Prevention of Money Laundering Act, 2002.
Q3.The agency that investigates money laundering in India is the
- A.Enforcement Directorate
- B.RBI
- C.CBI only
- D.SEBI
Show answer
Answer: A. Enforcement Directorate
ED.
Q4.Phishing is a type of
- A.Tax
- B.Online fraud
- C.Banking service
- D.Insurance
Show answer
Answer: B. Online fraud
Cyber fraud.
Q5.Insider trading is regulated by
- A.IRDAI
- B.NABARD
- C.SEBI
- D.RBI
Show answer
Answer: C. SEBI
SEBI.
Q6.A Ponzi scheme pays old investors using
- A.Real profits
- B.Bank interest
- C.Government grants
- D.Money from new investors
Show answer
Answer: D. Money from new investors
Fraudulent structure.
Q7.The Fugitive Economic Offenders Act was passed in
- A.2014
- B.2005
- C.2010
- D.2018
Show answer
Answer: D. 2018
2018.
Q8.FIU-IND stands for
- A.Federal Intelligence Unit India
- B.Financial Intelligence Unit - India
- C.Financial Insurance Union - India
- D.Fund Inspection Unit India
Show answer
Answer: B. Financial Intelligence Unit - India
FIU-IND.
Q9.Shell companies are often misused for
- A.Money laundering
- B.Charity
- C.Education
- D.Farming
Show answer
Answer: A. Money laundering
Hiding illicit funds.
Q10.Jimmy Wales and Larry Sanger are associated with?
- A.Wikipedia
- B.Google
- C.WhatsApp
- D.Facebook
Show answer
Answer: A. Wikipedia
Jimmy Wales and Larry Sanger co-founded Wikipedia in 2001.
Frequently Asked Questions
Is Financial Crimes Quiz free to attempt on AajExam?
Yes. Financial Crimes Quiz is completely free. You only need a free AajExam account to track your score, view detailed solutions and unlock cross-attempt analytics.
How long does it take to complete Financial Crimes Quiz?
Financial Crimes Quiz runs on a 10-minute timer in real exam-style conditions. The clock starts the moment you click Start, mirroring the time pressure of the actual exam.
Are detailed solutions provided?
Yes. Every question on Financial Crimes Quiz ships with a complete step-by-step solution, the underlying concept, and (where applicable) shortcut tricks. You can also discuss any question with the AajExam community.
Can I attempt Financial Crimes Quiz multiple times?
Yes. You can attempt this quiz as many times as you like. Each attempt is recorded separately so you can track improvement in score, accuracy and time-management.
Which government exams does this quiz prepare me for?
Financial Crimes questions appear regularly in SSC CGL, CHSL, MTS, GD; IBPS PO, Clerk; SBI PO, Clerk; RRB NTPC, Group D; UPSC prelims and most State PSC exams. The specific weightage varies by exam — check the exam pattern on the corresponding AajExam exam page for details.