Exams › IBPS PO › General Awareness

Recently, the Central Vigilance Commission (CVC) has constituted the Advisory Board for Banking Frauds (ABBF) to examine bank frauds of over

1. ₹20 crore
2. ₹30 crore
3. ₹40 crore
4. ₹50 crore

Correct answer: ₹50 crore

Solution

The Advisory Board for Banking Frauds (ABBF) was constituted to examine bank fraud cases above a specified threshold. That threshold is ₹50 crore, making it the correct answer.

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