FATCA - GS questions based on daily current affairs

1)   According to FATCA trusts in India will have to disclose all details to the tax office. FATCA Act is passed by -

a. USA
b. India
c. Switzerland
d. China
Answer  Explanation 

ANSWER: USA

Explanation:
According to FATCA — The Foreign Account Tax Compliance Act passed by the US government to unearth black money of US residents outside the country
— Trusts in India will have to disclose all details to the tax office if any of the trust beneficiary is a US residents.