Q. Consider the following statements regarding “Financial Action Task Force”:
1.It was set up in 1989 by the G7 countries, with headquarters in Paris.
2.It has 39 members that include all 5 permanent members of UNSC.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: Financial Action Task Force was set up in 1989 by the G7 countries, with headquarters in Paris.

  • It has 39 members that include all 5 permanent members of UNSC and 2 regional organisations – Gulf Cooperation Council and the European Commission.
  • Saudi Arabia, Israel and Indonesia are “observer countries” (partial membership). India became a full member in 2010.

Source: FORUMIAS