Under the Prevention of Money-laundering Act, 2002, dealers in which items can be designated as…
Section 2(1)(sa)(iv) includes "a dealer in precious metals, precious stones and other high value goods", as may be notified by the Central Government. Money changers are…
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Under the Prevention of Money-laundering Act, 2002, dealers in which items can be designated as "persons carrying on designated business"?
Answer and explanation
Correct answer D
Section 2(1)(sa)(iv) includes "a dealer in precious metals, precious stones and other high value goods", as may be notified by the Central Government. Money changers are authorised persons and stock-brokers are intermediaries, while insurance agents are not named at all.