In March 2023, Global AML index places Pakistan in the risk category.
- A. Low
- B. Medium
- C. High
- D. Alert
Correct Answer: B. Medium
Following Pakistan`s exit from the Financial Action Task Force`s (FATF) grey list, a global body of banking supervisory authorities has acknowledged the progress made by the country in the overall regulation of the financial affair slightly lowering the risk score of the country. `Pakistan`s overall ML/TF [money laundering and terrorist financing] risk score in the Basel AML Index (Public Edition) is 6.16. This places it in the medium-risk category compared to other global jurisdictions.
Correct Answer: B. China
According to the data, the birth rate was 10.94 per thousand, which was lesser than the previous birth rate of 12.43 per thousand, in 2017. The country’s birth rate fell to the lowest, since 1949. As China has a rapidly growing aging population, it allowed urban couples to give birth to two children, against the one-child policy which was in effect.
Correct Answer: D. Claudia Goldin
Claudia Goldin was awarded the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for her comprehensive research on the history of women in the labor market. She is the third woman to receive the prize.
Correct Answer: B. UNCTAD
UNCTAD stands for United Nations Conference on Trade and Development. UNCTAD recently released a report ‘COVID-19 and Tourism’. As per the report, the world’s tourism sector could lose at least USD 1.2 trillion or 1.5% of the global gross domestic product (GDP).
Correct Answer: B. Iran and Cuba
Iran and Cuba vowed 4 December 2023 to strengthen relation and stand together against sanctions imposed on them by the United States. “What can neutralize the sanctions is the exchange of capacities between the two countries,” Iranian President Ebrahim Raisi said during a joint statement with his visiting Cuban counterpart Miguel Diaz-Canel.
Correct Answer: B. The Transformation of Education Begins with Teachers
World Teachers’ Day or International Teachers’ Day is observed every year on October 5. This is a day to celebrate, thank and honor teachers for their contributions to their students. This year marks the 28th anniversary of World Teachers’ Day and the theme is “The Transformation of Education Begins with Teachers”.
Correct Answer: A. HD1
A team of astronomers led by researchers at the Center for Astrophysics | Harvard, and Smithsonian, has detected the most distant astronomical object ever. The object, named HD1, is a galaxy candidate 13.5 billion light-years away.