New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    As per the Prevention of Money-Laundering Act, 2002 whoever commits the offence of money-laundering shall be punishable with _________________

    A Rigorous imprisonment for a term which shall not be less than three years Correct Answer Incorrect Answer
    B Fine of one lakh rupees but which may extend to five lakh rupees Correct Answer Incorrect Answer
    C Rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine Correct Answer Incorrect Answer
    D Rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine which may extend to five lakh rupees Correct Answer Incorrect Answer

    Solution

    Section 4 Punishment for money-laundering.

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