Question

What is NOT correct about Operation Clean Money?

i.Initial phase of the operation involves identification of around 18 lakh persons who have made large deposits or purchases between 9th November to 30th December 2016,

ii. The PAN holders can view the information in the online portal. The taxpayers can submit online explanation.

iii.If response found justified, the verification would be closed.

iv.The verification will also be closed if the cash deposit has been declared under Pradhan Mantri Garib Kalyan Yojna (PMGKY).

A 1) Only i & ii Correct Answer Incorrect Answer
B 2) Only ii & ii Correct Answer Incorrect Answer
C 3) Only i, ii & iii Correct Answer Incorrect Answer
D 4) Only iv Correct Answer Incorrect Answer
E 5) None of these Correct Answer Incorrect Answer

Solution

All points are correct about the Operation Clean Money

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