46. The Prevention of Corruption Act, 1988, defines “gratification” as any money or gift or valuable thing which is:
a) Lawfully earned
b) Voluntarily given
c) Illegally acquired
d) None of the above
47. The Benami Transactions (Prohibition) Act, 1988, provides for the establishment of an “Adjudicating Authority” to hear and decide cases related to benami transactions. Who appoints the Adjudicating Authority?
a) President of India
b) Prime Minister of India
c) Central Vigilance Commission (CVC)
d) Central Government
48. The Whistleblowers Protection Act, 2014, provides for the establishment of a “Reward Fund” to incentivize whistleblowers. What is the maximum reward amount that can be granted under this provision?
a) Rs. 5 lakhs
b) Rs. 10 lakhs
c) Rs. 15 lakhs
d) Rs. 20 lakhs
49. The Prevention of Money Laundering Act (PMLA), 2002, requires banking companies to maintain records of transactions for a period of:
a) 3 years
b) 5 years
c) 7 years
d) 10 years
50. The Central Vigilance Commission (CVC) exercises vigilance oversight over the functioning of public sector banks and advises them on vigilance matters. Which organization is responsible for the day-to-day supervision of public sector banks?
a) Reserve Bank of India (RBI)
b) Ministry of Finance
c) Indian Banks’ Association (IBA)
d) National Bank for Agriculture and Rural Development (NABARD)
