Q.21. If a person is acquitted in a money-laundering case, what happens to the attached property?
A. It is auctioned
B. It is destroyed
C. It is returned
D. It is given to the bank
[show_answer]The correct answer is: C [/show_answer]
Q.22. Upon conviction in a money-laundering case, the property:
A. Remains attached until appeal
B. Is released to heirs
C. Is confiscated to Central Government
D. Is frozen permanently
[show_answer]The correct answer is: C [/show_answer]
Q.23. Under which section does the property vest absolutely with the Central Government upon confiscation?
A. Section 9
B. Section 10
C. Section 7
D. Section 6
[show_answer]The correct answer is: A [/show_answer]
Q.24. If a lease or encumbrance is created to defeat the confiscation process, what can Adjudicating Authority do?
A. Send case to Supreme Court
B. Ignore the encumbrance
C. Declare it void after hearing
D. Fine the lessee
[show_answer]The correct answer is: C [/show_answer]
Q.25. Who can be appointed as Administrator of confiscated properties?
A. Director of Enforcement
B. Any Gazetted Officer
C. Officer not below Joint Secretary rank
D. Magistrate
[show_answer]The correct answer is: C [/show_answer]
Q.26. Which section grants powers of Civil Court to the Adjudicating Authority?
A. Section 9
B. Section 11
C. Section 12
D. Section 13
[show_answer]The correct answer is: B [/show_answer]
Q.27. Failure to attend a summons by Adjudicating Authority is treated as:
A. Civil wrong
B. Judicial proceeding
C. Minor offence
D. Administrative breach
[show_answer]The correct answer is: B [/show_answer]
Q.28. Which sections of IPC apply to proceedings under Adjudicating Authority?
A. 120B and 420
B. 406 and 409
C. 302 and 304
D. 193 and 228
[show_answer]The correct answer is: D [/show_answer]
Q.29. Record retention period under Section 12 is:
A. 5 years
B. 3 years
C. 10 years
D. 7 years
[show_answer]The correct answer is: C [/show_answer]
Q.30. Under Section 13, the maximum penalty for failure to comply with reporting obligations is
A. ₹10,000
B. ₹50,000
C. ₹1,00,000
D. ₹2,00,000
[show_answer]The correct answer is: C [/show_answer]
