sbi clerk prelims mock test

FATCA stands for __________. A. Fully Authorised Tax Compliance Act B. Financial Account Transaction Compliance Act C. Foreign Account Transaction Compliance Act D. Foreign Account Tax Compliance Act Answer: Option D Explanation: FATCA stands for Foreign Account Tax Compliance Act. It is an agreement signed between India and United States (US). FATCA compliance is basically a 'self-declaration' to provide details about account holder's tax residency to the financial entity.

Q.Which state CM is selected for USIBC award?
A. Kerala
B. Andra Pradesh
C. Uttar Pradesh
D. Punjab
Answer: Option B

Explanation:

Andhra Pradesh Chief Minister N Chandrababu Naidu has been selected for the United States-India Business Council's "Transformative Chief Minister Award" for his efforts to strengthen ties between the countries at the state level.

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