MONEY | MCQs

Explanation

• FATF stands for Financial Action Task Force
• **
• The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog.
  
• The Financial Action Task Force (FATF) was founded in 1989

• One year is the tenure of FATF President Ship which rotates among member Countries

• FATF Headquarters is located in Paris

• FATF Members countries are 39
• FATF's Official languages are English and French

Explanation

To play ducks and drakes means to use recklessly.

"یہ ایک انگریزی محاورہ ہے جس کا مطلب ہے "لاپرواہی سے استعمال کرنا

Explanation

Encryption is a key part of Information Security, ensuring that financial data is securely transferred and protected from unauthorized access.

It converts data into a coded form, readable only by the intended recipient with the correct decryption key.

Explanation

Dispute is generally followed by over.

Over is a preposition here.

Dispute over something means کسی بات پر تنازع

Explanation

Run out of something means کسی چیز کا ختم ہونا

Explanation

Parsimonious means کنجوس

Generous means سخی

Explanation

Fifty rupees is not a big amount.

پچاس روپے ______ کوئی بڑی رقم نہیں۔

Although "rupees" is plural, the amount is treated as a single unit.

So the singular verb "is" is used.

Explanation

 "I would die rather than ask a loan."

After "rather than", we use the base form of the verb (bare infinitive)

When it follows another verb in the same clause, especially after modal verbs like would.

So:

• "I would die rather than ask a loan" (Correct)

• "To ask"  (Infinitive form is incorrect here)

• "Have asked"  (Perfect form is not suitable)

Explanation

I am indebted to my friend for a large sum.

میں اپنے دوست کا ایک بڑی رقم کا مقروض ہوں۔

"Indebted" means owing gratitude or a debt to someone, indicating a financial or moral obligation.

Explanation

British Pound is the world's oldest currency still in use. It is 12,000 years old.