Q. With reference to Project Insight, consider the following statements:
1.It is a project launched by Union Home Ministry to monitor high value transactions and detect tax evaders.
2.It will use data mining, big data analytics to identify tax evaders from social media platforms.
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: B
Notes:
  • Statement 1 is incorrect: Project has been launched by Union Finance Ministry
  • Statement 2 is correct

Source: Article