Q.11. What is the maximum punishment under Section 4 for money-laundering involving offences under Para 2 of Part A of the Schedule?
A. 7 years
B. 8 years
C. 9 years
D. 10 years
[show_answer]The correct answer is: D [/show_answer]
Q.12. Who is authorized to attach property under Section 5?
A. Special Court Judge
B. Director or Deputy Director
C. Police Inspector
D. Income Tax Officer
[show_answer]The correct answer is: B [/show_answer]
Q.13. What is the maximum period of provisional attachment under Section 5?
A. 60 days
B. 120 days
C. 30 days
D. 90 days
[show_answer]The correct answer is: D [/show_answer]
Q.14. Within how many days must a complaint be filed to the Adjudicating Authority after provisional attachment?
A. 15 days
B. 30 days
C. 45 days
D. 60 days
[show_answer]The correct answer is: B [/show_answer]
Q.15. Under which section is the Adjudicating Authority constituted?
A. Section 5
B. Section 6
C. Section 7
D. Section 8
[show_answer]The correct answer is: B [/show_answer]
Q.16. What is the composition of the Adjudicating Authority?
A. Chairperson + 3 Members
B. Chairperson only
C. Chairperson + 2 Members
D. Chairperson + 4 Members
[show_answer]The correct answer is: C [/show_answer]
Q.17. What is the tenure of members of the Adjudicating Authority?
A. 3 years or till 60 years
B. 5 years or till 62 years
C. 4 years or till 65 years
D. 6 years or till 60 years
[show_answer]The correct answer is: B [/show_answer]
Q.18. Which principles guide the Adjudicating Authority?
A. Indian Penal Code
B. Code of Criminal Procedure
C. Principles of Natural Justice
D. Income Tax Rules
[show_answer]The correct answer is: C [/show_answer]
Q.19. Which section empowers the Central Government to appoint staff for Adjudicating Authorities?
A. Section 7
B. Section 8
C. Section 9
D. Section 6
[show_answer]The correct answer is: A [/show_answer]
Q.20. Under Section 8, before confirming attachment, how many days must be given for reply?
A. 45 days
B. 60 days
C. 30 days
D. 15 days
[show_answer]The correct answer is: C [/show_answer]
