Question

On 22 October 2024, the Reserve Bank updated its 'alert list' of unauthorised forex trading platforms by adding how many more entities?

• A. 9
• B. 16
• C. 13
• D. 11

Answer 1

Answer:

C. 13

On October 22, 2024, the Reserve Bank of India (RBI) updated its 'Alert List' of unauthorized forex trading platforms by adding 13 more entities. The 'alert list' by RBI serves as a precautionary measure to inform the public about entities that are not authorised to deal in foreign exchange. This update is part of RBI's ongoing efforts to curb illegal forex trading platforms and protect consumers from potential fraud. Unauthorised forex trading platforms often promise high returns but can result in significant financial losses for investors