Important Iaws On Finance And Financial Crimes

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56. The Prevention of Sexual Offences Against Children Act (POCSO Act) in India was enacted in which year?
a) 2005
b) 2009
c) 2012
d) 2013

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57. The Securities and Exchange Board of India (SEBI) was established based on the recommendations of which committee?
a) Raghuram Rajan Committee
b) Bimal Jalan Committee
c) Usha Thorat Committee
d) Kania Committee

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58. The Income Tax Act in India provides for different tax slabs based on the income earned during which period?
a) Financial year
b) Calendar year
c) Assessment year
d) Accounting year

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59. The Prevention of Money Laundering Act (PMLA) in India defines “proceeds of crime” as any property derived or obtained, directly or indirectly, by any person as a result of which activities?
a) Drug trafficking
b) Terrorism
c) Smuggling
d) All of the above

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60. The Reserve Bank of India (RBI) is responsible for regulating and overseeing which sector in India?
a) Banking sector
b) Insurance sector
c) Capital market
d) All of the above

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