Important Laws on Corruption

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91. The Prevention of Money Laundering Act (PMLA), 2002, provides for the appointment of an “Adjudicating Authority” to hear and decide cases related to money laundering. Who appoints the Adjudicating Authority?
a) President of India
b) Prime Minister of India
c) Central Vigilance Commission (CVC)
d) Central Government

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92. The Central Vigilance Commission (CVC) can exercise its power of superintendence over the functioning of public sector banks to ensure that proper systems and procedures are in place to prevent corruption. Which organization is responsible for the day-to-day management of public sector banks?
a) Ministry of Finance
b) Reserve Bank of India (RBI)
c) Indian Banks’ Association (IBA)
d) National Bank for Agriculture and Rural Development (NABARD)

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93. The Whistleblowers Protection Act, 2014, provides for the establishment of a “Central Vigilance Commission Fund” to provide financial assistance to the Competent Authority and the Whistleblower Protection Authority. Who contributes to this fund?
a) Central Government
b) State Governments
c) Public sector undertakings (PSUs)
d) All of the above

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94. The Prevention of Corruption Act, 1988, provides for the attachment and forfeiture of property obtained by a public servant through corrupt means. Which authority can order the attachment of property?
a) Competent Authority
b) Special Judge
c) Central Vigilance Commission (CVC)
d) Central Government

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95. The Benami Transactions (Prohibition) Act, 1988, provides for the establishment of a “Special Court” to try offenses related to benami transactions. Who can be appointed as a Special Court Judge?
a) A person who has been in practice as a judge of a High Court for not less than 7 years
b) A person who has been in practice as an advocate for not less than 10 years
c) A person who has held the office of a public prosecutor or an additional public prosecutor for not less than 7 years
d) All of the above

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