Multiple choice

India and Switzerland signed a treaty in 2011-12 that will enable exchange of information on Indian tax evaders who have unaccounted funds stashed away in Swiss banks. The Swiss government will reveal the information as per the norms given by _____.

  1. World Bank and IMF

  2. Organisation for Economic Cooperation and Development

  3. World Trade Organisation

  4. European Central Bank
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The India-Switzerland tax information exchange treaty follows OECD norms on transparency and information exchange. The OECD provides the international framework for combating tax evasion and banking secrecy issues.

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