General AwarenessFinancial Crimesmixed

Financial Crimes Quiz

Practice quiz on Financial Crimes (General Awareness). 10 exam-style questions with explanations.

10
Minutes
10
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About This Quiz

Practice quiz on Financial Crimes (General Awareness). 10 exam-style questions with explanations. Financial Crimes Quiz is a free, 10-minute, 10-mark practice quiz on AajExam rated at mixed difficulty, designed to help candidates preparing for SSC, UPSC, Banking, Railway and State PSC government competitive exams sharpen their command of Financial Crimes (General Awareness). Every question on this quiz ships with a detailed step-by-step solution so you don't just learn the right answer — you learn the reasoning and shortcuts top scorers use to crack similar questions faster on the actual exam day. Why Financial Crimes Quiz matters in your preparation: government exam-conducting bodies repeatedly draw questions from the same chapters and the same skill-clusters across recruitment cycles. By attempting focused topic-wise quizzes like this one, you build pattern recognition — the ability to spot which formula, rule or trick applies the moment you see a question. Toppers consistently report that 5-10 quizzes on a single topic delivers more exam-day score gain than 20+ unfocused full-length mocks, because targeted drilling exposes your specific sub-topic weaknesses with surgical precision. How to use this quiz effectively: attempt it in one sitting under the 10-minute timer, without referring to notes or external resources — simulate exam-day conditions exactly. After submission, review the auto-generated analytics to see your accuracy, time per question and section-wise performance. Then go through every wrong and skipped question with the explanation, mentally tagging the underlying concept rather than just memorising the answer. Revisit this quiz after 7-10 days; your second attempt should be 15-20% faster with noticeably better accuracy. Bookmark this page and revisit weekly as we add new quizzes on related topics. AajExam quiz design principles: every quiz on the platform is curated by subject experts using the actual question formats, difficulty distributions and time pressures of the target government exams. We deliberately avoid generic "textbook" questions in favour of exam-replicating ones. Solutions are written in plain English (and Hindi where source material was bilingual), with step-by-step working for quantitative problems, grammar rules for English questions, and direct reference statements for general awareness items. Performance analytics after each attempt include accuracy, attempt rate, time spent per question, and an estimated all-India percentile so you know exactly where you stand against other candidates. This quiz is completely free to attempt. You only need a free AajExam account to track your performance across attempts, view detailed solutions and unlock the platform-wide analytics dashboard. The platform is mobile-friendly and works seamlessly on smartphones, tablets and desktops — so you can sharpen your Financial Crimes (General Awareness) skills in any spare 15-minute window.
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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.

  1. 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.

  2. 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.

  3. 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.

  4. Q4.Phishing is a type of

    • A.Tax
    • B.Online fraud
    • C.Banking service
    • D.Insurance
    Show answer

    Answer: B. Online fraud

    Cyber fraud.

  5. Q5.Insider trading is regulated by

    • A.IRDAI
    • B.NABARD
    • C.SEBI
    • D.RBI
    Show answer

    Answer: C. SEBI

    SEBI.

  6. 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.

  7. Q7.The Fugitive Economic Offenders Act was passed in

    • A.2014
    • B.2005
    • C.2010
    • D.2018
    Show answer

    Answer: D. 2018

    2018.

  8. 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.

  9. 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.

  10. 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.