Compliance | MCQs

Explanation

The verb 'Abide' is followed by the preposition 'By'

Abide by means to  accept or agree.

Explanation

Acquiescent means باخبر

Defiant means منحرف

Explanation

Pakistan needs 3 votes out of 39 to exit the 'grey' list and move to the 'white' list. To avoid 'black' list, it needs support of three countries. China, Turkey and Malaysia are its consistent supporters.

 The FATF currently has 39 members including two regional organizations (the European Commission and Gulf Cooperation Council). 

Financial Action Task Force (FATF)

Explanation

Forbid means منع کرنا

Prohibit means منع کرنا

Explanation

COMPLIANCE means حکم کی تعمیل 

 Resistance means مخالفت 

Explanation

IAS (International Accounting Standards):

• These are older accounting standards that were issued before IFRS.
• Still valid unless replaced by IFRS.

IFRS (International Financial Reporting Standards):

• Issued by the IASB (International Accounting Standards Board).
• Modern framework used globally for preparing financial statements.

ISA (International Standards on Auditing):

• These are used by auditors, not for preparing financial statements but for auditing them.

Explanation

 You must comply with the teacher’s advice.

آپ کو استاد کے مشورے پر عمل کرنا چاہیے۔

The correct preposition after "comply" is "with".

 It's used in contexts where you are required to abide by a rule, instruction, or request.

Explanation

We should comply with the regulations of the organization.

ہمیں تنظیم کے ضوابط کی پابندی کرنی چاہیے۔

comply with means: to act in agreement with another's wishes or in obedience to a rule

"With" is used as a preposition here

Explanation

Recalcitrant means ضدی۔ ہٹی۔ اڑیل ضِدّی

Obedient means فرمانبردار

Explanation

The National Bank of Pakistan (NBP) has been fined more than $55 million by United States authorities for anti-money laundering violations and for repeated compliance failures, it emerged on 24-02-2022.