MCAA signed between India and 5 nations

Q.  Name the agreement signed by India and five nations on 3rd June’15 to join 60 countries to exchange financial information automatically from 2017?
- Published on 18 Jun 15

a. Major Competent Administrative Agreement
b. Multilateral Competent Authority Agreement
c. Money Competent Authority Agreement
d. None of these

ANSWER: Multilateral Competent Authority Agreement
 
This agreement provides for establishment of an international platform that would allow exchange of information on an annual basis, including account balances.

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