The Financial Fraud Risk Indicator has helped prevent suspected cyber-fraud losses of more than
- A.1,000 crore rupees
- B.2,500 crore rupees
- C.5,000 crore rupees
- D.10,000 crore rupees
Show answer
Correct answer: C. 5,000 crore rupees
Explanation
The correct answer is 5,000 crore rupees. The Financial Fraud Risk Indicator, built partly from what citizens report on Sanchar Saathi, provides risk-based intelligence on mobile numbers that may be linked to financial fraud, and the ministry credits it with preventing suspected losses of more than 5,000 crore rupees. The intelligence is shared through the Digital Intelligence Platform with banks, payment service providers, telecom operators and law enforcement agencies, who build it into their transaction monitoring so that a suspicious payment can be stopped before the money leaves an account. Options A, B and D are figures that do not appear in the statement. Candidates should keep the two abbreviations apart: the Financial Fraud Risk Indicator is the risk signal itself, while the Digital Intelligence Platform is the channel that carries it to more than 1,600 connected stakeholders.