Question
Polity & GovernanceInternal Security and Disaster GovernanceMoney Laundering, Economic Offences and Illicit FinanceMedium (editorial estimate)
Question details
- Type:
- Statement based
- Skill:
- Fact recall
- Tags:
- Money Laundering, Economic Offences and Illicit Finance · Internal Security and Disaster Governance
- Related topics:
- Anti-Corruption, Vigilance and Ombudsman Institutions
Classification and difficulty are editorial labels. Explanations are awaiting review.
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With reference to the ‘Prohibition of Benami Property Transactions Act, 1988 (PBPT Act)’, consider the following statements: 1. A property transaction is not treated as a benami transaction if the owner of the property is not aware of the transaction. 2. Properties held benami are liable for confiscation by the Government. 3. The Act provides for three authorities for investigations but does not provide for any appellate mechanism. Which of the statements given above is/are correct?
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Question 20 · Money Laundering, Economic Offences and Illicit Finance · Polity & Governance · UPSC Prelims 2017 (GS)