India by becoming a full-fledged member of the Financial Action Task Force :

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Q: 81 (NDA-I/2011)
India by becoming a full-fledged member of the Financial Action Task Force :

question_subject: 

General Knowledge

question_exam: 

NDA-I

stats: 

0,25,28,25,14,2,12

keywords: 

{'financial action task force': [0, 0, 1, 2], 'terrorist activities': [0, 0, 0, 1], 'india': [8, 1, 7, 13], 'suspect accounts': [0, 0, 0, 1], 'international level': [0, 0, 0, 1], 'important role': [4, 0, 1, 3], 'investigations': [0, 0, 0, 4], 'prosecutions': [0, 0, 0, 1], 'economic cooperation': [0, 0, 6, 8], 'nations': [1, 0, 1, 2], 'organization': [0, 0, 8, 25], 'law enforcement matters': [0, 0, 0, 1], 'member': [22, 5, 20, 36], 'development': [11, 4, 15, 44]}

Option 1 states that by becoming a full-fledged member of the Financial Action Task Force (FATF), India will be able to access information on suspect accounts in nations such as Switzerland and the UK. This means that being a member of FATF will provide India with the opportunity to obtain information about accounts that are suspected of being involved in illegal activities in these countries. This will, in turn, help India in their efforts to combat financial crimes such as money laundering and terrorism financing.

Option 2 suggests that India`s membership in FATF will enable it to play an important role in international law enforcement matters, investigations, and prosecutions related to terrorist activities. By being a part of FATF, India can collaborate with other member countries to exchange information and coordinate efforts to tackle terrorism at an international level.

Option 3 is incorrect because it references India`s membership in the Organization for Economic Cooperation and Development (OECD), which is not mentioned in the original question.

Therefore, the correct answer is option 1 as it accurately describes the benefits of India`s membership in FATF.