Financial Security | MCQs

Explanation

The correct phrase is "to lay by something for a rainy day."

It means to save or set aside resources for future use.

It especially in times of need or difficulty.

Explanation

The Federal Investigation Agency (FIA) monitors terror financing and related financial crimes in Pakistan.

It works with international bodies like FATF to ensure compliance against money laundering and terrorism funding.

Explanation

IMPS (Immediate Payment Service): An instant, 24/7 interbank money transfer service that allows real-time transfers between banks.

Additional information 
IFSC (Indian Financial System Code)
ATM (Automated Teller Machine)
IFS (Indian Foreign Service)

Explanation

In the late hours of the 29th and early morning of the 30th of October, a cyberattack on the NBP’s servers was detected which impacted some of its services,