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Which of these statements is/are correct? I.                   India has become a full-fledged member of Financial Action Task Force (FATF), an inter-governmental body, responsible for   setting   global standards a anti - money laundering and combating the financing of terrorism. II.                  FATF membership is very important for India in its quest to become a major player in the International finance.

A)  I only                                   

B)  II only

C)  Both l and II     

D)  Neither I nor II

E)  Statements are not clear