Important Iaws On Finance And Financial Crimes

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61. The Prevention of Corruption Act (PCA) in India provides for punishment for corruption offenses, with imprisonment for a term of how many years?
a) 2 years
b) 5 years
c) 7 years
d) 10 years

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62. The Insolvency and Bankruptcy Code (IBC) in India provides a time-bound process for resolution of insolvency cases within a maximum period of how many days?
a) 90 days
b) 180 days
c) 270 days
d) 365 days

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63. The Prevention of Corruption Act (PCA) in India makes it mandatory for public servants to obtain prior sanction before prosecution for offenses committed in the discharge of their official duties. This provision is known as:
a) Immunity clause
b) Protection clause
c) Shield clause
d) Safeguard clause

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64. The Companies Act in India requires companies to hold an annual general meeting (AGM) within how many months from the end of the financial year?
a) 3 months
b) 6 months
c) 9 months
d) 12 months

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65. The Securities and Exchange Board of India (SEBI) has the power to regulate which financial instrument in India?
a) Shares and debentures
b) Mutual funds
c) Derivatives
d) All of the above

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