Current Affairs - International - Discussion

Discussion :: International - Latest Current Affairs (Q.No.427)

427. 

India and _____had signed an information-sharing deal on bank accounts{Automatic Exchange of Information (AEOI)}, which was to come in effect from September 2019.

[A]. USA
[B]. UK
[C]. UAE
[D]. Switzerland

Answer: Option D

Explanation:

Automatic Exchange of Information (AEOI) Regime between Switzerland and India kicked off from September 1, 2019. Under this mechanism, India will start receiving information on all financial accounts held by Indian residents in Switzerland, for the year 2018.

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