Q. Which of the following will not be the benefit of the country being removed from the ‘grey list’ of the Financial Action Task Force (FATF)?

[A] It will boost the countryu2019s overall economy

[B] It will increase the Foreign Direct Investment (FDI) inflow to the country.

[C] It will improve the sovereign credit rating of the country.

[D] It will reduce scrutiny of global transactions involving the country.

Answer: A

If a country is removed from the grey list of the FATF then removing from the list will not improve the economy as a whole. However, it may increase the FDIs inflow, reduce the scrutiny of global transactions and may improve the sovereign credit rating.

Source: The Times of India